MT202

SWIFT MT category 2 message, interbank transfers.

Definition

The MT202 is sent by or on behalf of the ordering institution to move funds to another financial institution. It carries field 20 (Transaction Reference), field 21 (Related Reference), field 32A (value date/currency/amount) and field 58a (Beneficiary Institution). It is typically used to settle the interbank leg of a payment or to move nostro/vostro account balances.

Origin

Defined in the SWIFT User Handbook, Category 2 — Financial Institution Transfers (Standards MT), published and maintained by SWIFT.

Example in context

:20:REF202-0042
:21:NONREF
:32A:260620EUR5000000,00
:58A:DEUTDEFFXXX

Related terms

• MT202COV — the cover variant of the MT202.
• ISO 20022 pacs.009 — the MX equivalent of the MT202.