MT 202 & MT 202 COV Transaction Flow ( Beginner Easy way of understanding)

In this video Student and working people can able to understand basic concept of MT202 and MT 202 COV Payment so watch this video and share your comments because its very useful for Knowledge Transfer .
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[@purushothamvr7350]

I understood the concept very easily. Keep up your good work and expecting more videos on different Swift messages

[@sandeepsharma-wg2nl]

Thanks for making this kind of vedio pls make a vedio for How payments initiate

[@tamilbusinesstechfinnews899]

Sure Sandeep i try to make payment initiation video

[@JaceBenson-001]

I need a genuine receiver or mandate for MT 103/202 swift transfer, wire transfer, ACH, western union.
Mandate only, no long chain. All Countries, $100M MAX.
Individual or Corporate account, we are ready?

[@JaceBenson-001]

harishgummii...

[@JaceBenson-001]

telegram?

[@susheelkumarshavari305]

Nice nice 😊

[@tamilbusinesstechfinnews899]

Thanks

[@MrVarunkarthik]

Super vedio bro

[@tamilbusinesstechfinnews899]

Thanks Varun

[@umeshshetty6799]

Good one..In this example, how does SBI get to know that ICICI has tie up receiver Bank?

[@tamilbusinesstechfinnews899]

RMA relationship management account

[@umeshshetty6799]

@@tamilbusinesstechfinnews899 Thanks for the reply..Not familiar with RMA account..does Sbi maintain ICICI’s relationships with other banks?

[@rachitapanda2310]

No they don't. When banks enter into an agreement to honour transactions, there is a process and legal way to go about it. Once you are on the agreement you need to maintain a one time static data set up where you can honour txns for your customer through your RMA partner.
SBI will not maintain icici relationships with other banks. But it will have a similar relationship with other banks for itself. Similarly icici would maintain rma from its own perspective

[@gangadharanjanarthanan8764]

I have doubt regarding Mt103/202 automatic transfer and manual download

[@ganeshkumar-jt4xm]

Pls raise your query regarding bulk and online payment

[@tamilbusinesstechfinnews899]

Raise your Query pls

[@shradhajain5640]

Had one question it should be transferred amount to 57 or 58 for receiving institution and then to final beneficiary?

[@tamilbusinesstechfinnews899]

Yes

[@basitsyed1720]

Man please next time put subtitles, your accent is way to heavy to understand, Thanks!!

[@tamilbusinesstechfinnews899]

Sure next time onwards try to add subtitle for all the videos

[@basitsyed1720]

Thanks

[@AK-fr2ev]

Have doubt what is difference between 103 and 202 cover

[@tamilbusinesstechfinnews899]

MT 103 single customer credit tranfers
MT202and202 cov Financial institution to Financial institution transaction

[@subhashbijjur5915]

It's not just F50 and F59 dear mt202cover message will be completely mirroring Mt103 if u say only f50nf59 what about other details like 70 and many other...

[@tamilbusinesstechfinnews899]

Only one message is initiated by the sender to settle the funds-MT103
two messages are initiatiated by the sender to settle the funds-MT202
Field 70 Remittance information should not explain because I have try to explain the major flow of funds

[@gangadharanjanarthanan8764]

Sir do u know Tamil

[@tamilbusinesstechfinnews899]

S