1. Payments Core User Guide
  2. Payment Maintenance
  3. Common Payments Maintenances
  4. Host BIC Code Customer Mapping
  5. MT103 Outbound REMIT Processing

MT103 Outbound REMIT Processing

First, system checks Sender / Receiver MT103 Remitter based on the MT103 REMIT Preferred flag on the Host Level BIC Customer Mapping maintenance (PMDBICMP) screen.

If maintenance is found and the record status is ‘Open’, then the Sender / Receiver is considered an MT103 Remit member.

If maintenance is found and the record status is ‘Closed’, then the Sender / Receiver is not considered as an MT103 Remit member.

Parent topic: Host BIC Code Customer Mapping