Messaging Standards

For Further Credit (FFC)

What is For Further Credit (FFC). For further credit (FFC) is a banking instruction used when money being sent is not meant for the first account it reaches, but instead must be passed along to a final beneficiary.

Nature of Payments (NOP)

What Is Nature of Payments (NOP). Nature of payments (NOP) refers to the fundamental characteristics and purposes of financial transactions as they move through different systems.

Interbank Information Network (IIN)

What is the Interbank Information Network (IIN). The interbank information network (IIN) is a blockchain‑based network designed to improve information sharing between banks involved in cross‑border transactions.

SWIFT Code

What is SWIFT Code A SWIFT Code, also known as a SWIFT-BIC, BIC code, SWIFT ID, or SWIFT-ISO, is a standardized format used to identify banks and financial institutions worldwide.

SWIFT MT102

What is SWIFT MT102. SWIFT MT102, also known as a "Customer Credit Transfer" message, is a standardized message format used by financial institutions worldwide to securely transfer funds between different bank accounts.

SWIFT MT102 with Message Example

SWIFT MT102 is a type of financial message format used in the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network. It's a multi-customer credit transfer message used for domestic and international payments.

ISO 20022 Formatted Messages

What is ISO 20022 Formatted Messages. ISO 20022 formatted messages is a global standard for electronic financial messaging that defines how data is structured, described and exchanged between financial institutions across different systems and markets.

Payment Messaging (PM)

What is Payment Messaging Payment messaging refers to the structured exchange of standardized electronic messages between financial institutions to enable the initiation, routing, processing and confirmation of payment transactions.

UETR Number (UN)

What is UETR Number A UETR number (Unique End-to-End Transaction Reference) is a unique identifier assigned to each cross-border payment transaction, allowing it to be tracked from initiation to completion.