1. Cross Border User Guide
  2. Straight-Through Processing
  3. MT Messages Processing
  4. Processing of MT 203

Processing of MT 203

STP job splits Inbound MT 203 message into multiple MT 202 messages. Then these MT 202 messages are again picked up by another STP job for processing. MT 202 messages are processed as normal bank transfer as per the existing functionality.

STP job performs the below mentioned validations before splitting an MT 203 message:
  • The amount in field 19 must be equal to the sum of the amounts in all occurrences of field 32B.
  • The currency code in the amount field 32B should be the same for all occurrences of this field in the message.
  • The repetitive sequence must appear at least twice but not more than ten times.
  • If field 56a is present in a transaction, then, field 57a should also be present.

Parent topic: MT Messages Processing