MT103-202
Receivers
MT 103 is a single direct payment. MT 202 is an interbank order from a Corresponding bank(s) Hire a Bluhe consultant today and contract with a qualified receiver.
Download the free guide on how to complete an MT103-202.
Why Mt 103-202?
MT 103-202 is widely used across the world to fulfill investment opportunities, business obligations or beneficiary payouts. They can also be structure to establish private financial arrangements and private placements
What does Mt 103-202
Look like?
MT103
Direct wire transfer from Bank Austria Vienna (issuing bank) sent to ABN Amro Bank Amsterdam (receiving bank) with Field 57a.
MT202
This message is sent by or on behalf of the ordering institution directly, or through correspondent(s), to the financial institution of the beneficiary institution. All parties identified in the message must be financial institutions.
In Short...
MT103-202 is used to order the movement of funds to the beneficiary institution(s).
What you
can & can't do
with mt103-202
Institution Debit
It can be sent to a financial institution to debit an account of the Sender serviced by the Receiver and to credit an account, owned by the Sender at an institution specified in field 57a
Multiple Payouts
This message may also be sent to a financial institution servicing multiple accounts for the Sender to transfer funds between these accounts.
Not Credit Friendly
This message must not be used to order the movement of funds related to an underlying customer credit transfer that was sent with the cover method. For these payments the MT 202 COV or MT 205 COV must be used.
Mt103-202 Process
Onboarding
State of the Art D.D. Processes
SWIFT KYC registry are key components to our successful D.D. filings. All primary forms like CIS and KYC are collected at this time. Some ICC regulated countries are adopting facial recognition affirmation software in the onboarding process. In the event of facial recognition requirements, Bluhe Shire is available to record for issuance.
Private Agreements
Private Structures for Unique Clients
For owners and investors who are investing in multiple places or require funds to be delivered to multiple locations for trade, then a private financial agreement will be placed within the file to fulfil audits placed by any government entities involved.
Performance Hour
The Initial Tranche
Most Large files that are valued over $10,000,000 will begin with an initial tranche of a smaller amount that will establish connection and reliability between all working bank entities. Most initial tranches start at $100,000. Delivery time will depend on the location of all acting parties.
What you get with
Bluhe Shire
Guaranteed Contract
stop wasting time and Receive a
guarantee on performance
Unlimited Consultations
unlimited communication until
your file is complete
Swift Confirmation
swift submission and confirmation
Government Compliance
government applications
and submissions
AML Compliance
Anti Money Laundering application and submission
KYB Compliance
Know Your Business Application and submission
Planning & Advisory
Turn key account setup
& no monthly fees
Process Creation
corresponding agreements/contracts
KYC Compliance
Know Your Customer Application and submission
