MT940 and SWIFT MT940

[former_member1026401]

Hi All,

whether the bank statement - Formats MT940 and SWIFT MT940 are same or do they differ from each other

Thank you and Kindest Regards

Srikaanth

[Former Member]

Hey,

As far as my understanding goes.. MT940 and SWIFT MT940 are same.

The MT940 (MT = Message Type) electronic account statement is an international standard developed by S.W.I.F.T.(Society for Worldwide Interbank Financial Telecommunication) in Brussels for the paperless transmission of account information. This standard is used by banks all over the world. In particular, MT940 is used to provide bank information to clients cash management, treasury systems and accounting applications.

Regards,

Lakshmi

[former_member1026401]

Thank u so much

[former_member66919]

Hi Srikaanth,

Since your question have been answered, could you mark the answer as correct/helpful, as the award to the forum contributor here please?

B.R. Jenny