FX Handling for Inbound MT 101
- FX details validations with external FX system are applicable for all cross currency transaction requests (debit currency <>credit currency) received, provided external FX rate fetch is applicable.
- FX validations with external system is applicable even if exchange rate is available in the request.
- The following details received in MT 101 are used to populate the
corresponding fields in outbound transaction:
- Field 32B currency / amount (Non-zero)-Transfer currency / Transfer amount
- Field 36 - Exchange Rate
- Field 21F - FX reference
- Field 33B amount - Debit Amount, provided 32B is having zero amount and 23E is received as EQUI
- If 23E field is received as EQUI and if both 32B (with non- zero amount) and 33B are present, 32B amount is considered as transfer amount. Debit Account currency & debit amount derived by system and is validated with 33B currency& amount received in MT 101 message.
If 23E field is received as EQUI and if 32B field is having zero amount, then 33B amount is considered as debit amount. Account currency is validated with 33B currency.
Parent topic: MT 101 Inbound Processing