SWIFT:Message Types - ISO 15022 MT

ISO 15022 MT

Although ISO 15022 Message Types are different in their structure than the SWIFT MT, the naming convention remains the same. The following example will illustrate:

• Example. MT 307

As with SWIFT MTs, the first digit (3) denotes the category. As above, this denotes Treasury Markets.

As with SWIFT MTs, the second digit (0) represents a group of related parts in a transaction life cycle. The group indicated by 0 is a Financial Institution Transfer.

Finally, the third digit (7) denotes the specific message. In this case, similar to the MT 304, the 7 denotes ‘Notification’. The SWIFT MT 304 and the ISO 15022 MT 307 are equal but were created for different financial groups using different standards.