📝 SWIFT MT‑110 – Advice of Cheque(s)
US Capital Private Bank Knowledge Base
MT‑110 is a SWIFT Category 1 message used to advise a bank about the receipt or negotiation of cheque(s). It communicates details about one or more cheques presented for payment, enabling secure and standardized notification between financial institutions.
📘 What is MT‑110?
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Purpose:
To notify the recipient bank of cheque(s) that have been presented for payment or negotiation. -
Use Cases:
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Cheque collection and clearing processes
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Notification of cheque deposits for reconciliation
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Secure communication between banks regarding cheque transactions
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Supports efficient handling and tracking of cheque payments.
⚙️ Message Structure & Key Fields
| Field | Description |
|---|---|
| :20: | Transaction Reference Number |
| :21: | Related Reference |
| :25: | Account Identification |
| :28D: | Message Index / Sequence Number |
| :32B: | Currency Code and Amount |
| :52A: | Ordering Institution |
| :72: | Sender to Receiver Information |
| :71D: | Details of Charges |
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Includes cheque details such as cheque number, date, amount, and drawer information.
🧩 Features & Benefits
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Standardizes cheque advice notifications across financial institutions.
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Improves accuracy and timeliness of cheque processing.
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Facilitates reconciliation and audit trails for cheque transactions.
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Enhances communication between paying and collecting banks.
🔐 Compliance & Security
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Complies with SWIFT messaging standards for secure transmission.
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Supports fraud prevention by providing clear, auditable cheque details.
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Enables regulatory compliance for cheque handling.
✅ Best Practices
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Ensure cheque details are complete and accurate.
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Use unique transaction references to avoid duplication.
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Specify charges clearly to avoid disputes.
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Monitor message status to confirm receipt.
📞 Contact US Capital Private Bank
📧 Email: [email protected]
🌐 Website: https://uscapitalprivatebank.com
📞 Phone: +971 52 992 6005
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