Requests for transfer
A request for transfer is an instruction sent by SWIFT message MT101 by a foreign bank to a domestic bank maintaining a customer’s account, whereby a domestic or international transfer is to be made to an indicated beneficiary through debiting the customer’s account. The ordering institution can be the customer’s mother company abroad or another entity doing business with the customer, entitled to debit the customer’s account with a domestic bank.
| Benefits for the customer |
|
the cheapest and fast form of settlement in international business;
the possibility to order transfers from abroad and to manage the account from a remote location;
transaction security.
|
|
A request for transfer:
can be effect subject to the conclusion of relevant contracts between the domestic bank and the foreign bank involved and between the domestic bank and the customer or between the customer and its ordering institution
is accepted for execution of fixed or variable dates.
« back to previous page
