The difference between SWIFT MT940 and MT950 is where the message is sent. MT940 is sent from one financial institution to another financial institution. MT950 is sent from a financial institution to a consumer.
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Oh, dude, MT101 and MT104 Swift messages are like distant cousins at a family reunion. MT101 is a request for a transfer, kinda like asking your friend to spot you some cash. MT104, on the other hand, is a confirmation of a payment, like when your buddy finally pays you back. So, one's the ask, and the other's the "thanks, finally!"
it is bank to bank tranfer of funds
"I hate playing tic-tac-toe," Tom said Crossly. "I wish I were six feet tall," Tom said Longingly. "I just flew from the coast," Tom Explained.
"I hate playing tic-tac-toe," Tom said Crossly. "I wish I were six feet tall," Tom said Longingly. "I just flew from the coast," Tom Explained.