📦 SWIFT MT‑106 – EDIFACT Envelope
US Capital Private Bank Knowledge Base
MT‑106 is a SWIFT Category 1 message used as an envelope for transmitting multiple EDIFACT financial payment instructions between financial institutions. It enables batch processing of multiple payment orders within a single message over the SWIFT network.
📘 What is MT‑106?
-
Purpose:
Facilitates the secure transmission of multiple EDIFACT payment instructions bundled in one message. -
EDIFACT (Electronic Data Interchange for Administration, Commerce, and Transport):
An international EDI standard widely used for trade and financial communications. -
Role of MT‑106:
Acts as a container to carry several EDIFACT payment instructions securely over SWIFT.
⚙️ Message Structure & Key Fields
| Component | Description |
|---|---|
| Basic Header | SWIFT message identification and routing |
| EDIFACT Payment Instructions | Multiple bundled payment orders in EDIFACT format |
| Trailer | Message validation and checksum |
-
MT‑106 supports the batch processing of payment orders, improving efficiency.
🧩 Features & Benefits
-
Supports bulk transmission of multiple payment instructions in EDIFACT format.
-
Enables automated and efficient processing of large payment batches.
-
Combines SWIFT’s security with EDIFACT’s standardized messaging.
-
Useful in trade finance, treasury, and cash management operations.
🔐 Compliance & Security
-
Compliant with SWIFT network security and formatting standards.
-
Ensures confidentiality and data integrity during transmission.
-
Provides auditable trails for regulatory compliance.
✅ Best Practices
-
Validate all EDIFACT payment instruction formats before packaging.
-
Use accurate SWIFT BIC codes for proper message routing.
-
Confirm batch contents and total amounts for accuracy.
-
Monitor message delivery and processing confirmations.
📞 Contact US Capital Private Bank
📧 Email: [email protected]
🌐 Website: https://uscapitalprivatebank.com
📞 Phone: +971 52 992 6005
🎥 Watch: USCPBGOLD Explained