The first question: MT 103+202COV, MT 103 sent to remitting bank c, MT202COV sent to bank B.

(1)MT 103 payment instruction to send remittance notice to remittance bank;

(2)MT202COV sends a payment instruction message to its account bank, instructing the bank to debit the remittance bank account and credit it to the remittance bank's USD account bank.

The second question:

MT202 is an inter-bank position remittance message format. Without the payee's name and account number information, the receiving bank naturally cannot enter the account. ?

MT 103 is a remittance format for bank customers, which contains information such as remitter, payee's name and account, and the payee can credit the payee's account accordingly.

MT202 & amp202COV differences:

MT202COV is a variant of MT202 message, which adds background information of position allocation, and uses special SequenceB to describe information including at least payee and payer, so as to increase the transparency of remittance information. MT202 does not contain the background of position transfer.

MT202COV message can only be used for indirect remittance of customer remittance, and must be used together with MT 103 message in the form of combined transmission. And MT202 may be transmitted separately.