This topic describes the MT101 module, which facilitates the transfer of funds, both domestically and internationally, through the transmission of SWIFT MT101 instructions to the user's bank.

A bank can play one of 2 possible roles in an MT101 instruction:

• Executing Bank
• Forwarding Bank

Executing Bank Agreement

In this role, the MT101 instruction ends at the bank and it in turn leads the bank to initiate a payment (either a SWIFT or a local payment or an Within Bank transfer).

For this case, the bank needs to have an agreement in place with the sender bank.

• Inbound Agreement
  This topic provides the systematic instructions to user to specify the debit accounts covered by an agreement, as well as the sender banks from which payment instructions will be accepted.
• Outbound Agreement
  This topic provides the systematic instructions to user for defining the bilateral agreement applicable to the outward leg of an MT101 instruction when the bank acts as the forwarding bank.
• Inbound Agreement Inquiry
  This topic provides the systematic instructions to users for listing the existing inbound agreements.
• Outboud Agreement Inquiry
  This topic provides the systematic instructions to user for listing existing outbound agreements.