SWIFT ISO15022 Standard
Detail view for message MT198 - Proprietary Message
Financial acronyms
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Purpose of the message MT198
Contains formats defined and agreed to between users and for those messages not yet live
Scope of the message MT198
This message type is used by financial institutions, with their own offices, with other financial institutions and/or with corporate customers with which they have established bilateral agreements.
It is used as an envelope for a specified message included in it.
It allows for the definition of a unique format for which another message type is not available or applicable.It also allows financial institutions to use message types which are awaiting live implementation on the SWIFT system.
Structure of the message MT198
Message fields
1
20
Transaction Reference Number
M
2
12
Sub-Message Type
M
3
77E
Proprietary Message
M