for the scammers requesting 103/23 or an icbpo..

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MT 103-23 MYTHBUSTER

Chicago, IL

#1 Jun 19, 2011
A standard SWIFT MT103 (Single Customer Credit Transfer) is a general use message of a TT payment instruction which is an unconditional payment.
..
I would like to confirm that there is no MT103/23 Conditional, but MT103 (usually with Field 23B - bank operation - mandatory codeword CRED), Field 23E - Instruction Code - is where the remitting bank (at the request of the remitter) puts in instructions code instructing the beneficiary's bank how to effect the payment.
MT 103 in Field 23E specifies an instruction which must contain barely one of the following SWIFT - STP (Straight Through Processing) Optional/Conditional just four digits SWIFT -STP accepted codeword:
SDVA: Payment must be executed with same day value to the beneficiary.
INTC: The payment is an intra-company payment, i.e., a payment between two companies belonging to the same group.
REPA: Payment has a related e-Payments reference.
CORT Payment is made in settlement of a trade, e.g., foreign exchange deal, securities transaction.
BONL: Payment is to be made to the beneficiary customer only.
HOLD: Beneficiary customer/claimant will call; pay upon identification.
CHQB: Pay beneficiary customer only by cheque. The optional account number line in field 59 must not be used.
PHOB: Please advise/contact beneficiary/claimant by phone.
TELB: Please advise/contact beneficiary/claimant by the most efficient means of telecommunication.
PHON: Please advise account with institution by phone.
TELE: Please advise account with institution by the most efficient means of telecommunication.
PHOI: Please advise the intermediary institution by phone.
TELI: Please advise the intermediary institution by the most efficient means of telecommunication
. A so called "MT103/23 conditional payment" is a format which would not be recognised by banks.
You cannot send an MT103 with a condition that the beneficiary's bank must receive, say presentation evidencing of certain advisable documents detailed in Field 23E - from the beneficiary before crediting his account.
Such any other message (except merely SWIFT - STP four digits codes) stated by Field 23E will be rejected by the remitting bank, and if sent in Field 23 (which allows for only a few standard codes described above) will be rejected and ignored by the beneficiary's bank who will credit the beneficiary's account anyway.
It must be understood that other such messages are not governed by any ICC or SWIFT - STP provisions, and the manual intervention required under the "CONDITIONAL PAYMENT" flag would affect the "Straight Through Processing" (STP) function of the SWIFT MT103 message.
It is unlikely that the - SWIFT payment department - of a bank would wish to involve itself in an area for which it is not qualified, in determining the integrity of the underlying documents, and thereby lift the condition to pay the recipient.
Now for those who request a MT 103/23 , send it to me and see if it works! stop the madness already!
Critic

Worcester, MA

#2 Jun 19, 2011
MT 103-23 MYTHBUSTER wrote:
A standard SWIFT MT103 (Single Customer Credit Transfer) is a general use message of a TT payment instruction which is an unconditional payment.
..
I would like to confirm that there is no MT103/23 Conditional, but MT103 (usually with Field 23B - bank operation - mandatory codeword CRED), Field 23E - Instruction Code - is where the remitting bank (at the request of the remitter) puts in instructions code instructing the beneficiary's bank how to effect the payment.
MT 103 in Field 23E specifies an instruction which must contain barely one of the following SWIFT - STP (Straight Through Processing) Optional/Conditional just four digits SWIFT -STP accepted codeword:
SDVA: Payment must be executed with same day value to the beneficiary.
INTC: The payment is an intra-company payment, i.e., a payment between two companies belonging to the same group.
REPA: Payment has a related e-Payments reference.
CORT Payment is made in settlement of a trade, e.g., foreign exchange deal, securities transaction.
BONL: Payment is to be made to the beneficiary customer only.
HOLD: Beneficiary customer/claimant will call; pay upon identification.
CHQB: Pay beneficiary customer only by cheque. The optional account number line in field 59 must not be used.
PHOB: Please advise/contact beneficiary/claimant by phone.
TELB: Please advise/contact beneficiary/claimant by the most efficient means of telecommunication.
PHON: Please advise account with institution by phone.
TELE: Please advise account with institution by the most efficient means of telecommunication.
PHOI: Please advise the intermediary institution by phone.
TELI: Please advise the intermediary institution by the most efficient means of telecommunication
. A so called "MT103/23 conditional payment" is a format which would not be recognised by banks.
You cannot send an MT103 with a condition that the beneficiary's bank must receive, say presentation evidencing of certain advisable documents detailed in Field 23E - from the beneficiary before crediting his account.
Such any other message (except merely SWIFT - STP four digits codes) stated by Field 23E will be rejected by the remitting bank, and if sent in Field 23 (which allows for only a few standard codes described above) will be rejected and ignored by the beneficiary's bank who will credit the beneficiary's account anyway.
It must be understood that other such messages are not governed by any ICC or SWIFT - STP provisions, and the manual intervention required under the "CONDITIONAL PAYMENT" flag would affect the "Straight Through Processing" (STP) function of the SWIFT MT103 message.
It is unlikely that the - SWIFT payment department - of a bank would wish to involve itself in an area for which it is not qualified, in determining the integrity of the underlying documents, and thereby lift the condition to pay the recipient.
Now for those who request a MT 103/23 , send it to me and see if it works! stop the madness already!
Thank you for the detailed explanation. Can you tell us why it still comes or printed in Compliance packages from Sellers?
BS Spotter

Yucaipa, CA

#3 Jun 19, 2011
Please...please....please....l et me answer this one.

Quote:
Thank you for the detailed explanation. Can you tell us why it still comes or printed in Compliance packages from Sellers?
End of quote.

Answer:
Because the "seller" is a joker-broker misrepresenting itself as a "seller" and in reality it has nothing and its hunting for someone with money so it can approach this alleged investor and offer its services and later, the joker will call itself "mandate" and will start to peddle "wanted ads" all over the internet and the circle will continue to go on and on and on...
MT 103-23 MYTHBUSTER

Chicago, IL

#4 Jun 19, 2011
Critic:

What BS Spotter is saying is absolutely correct. In addition to that, these alleged "mandates" , Sellers, Lessors, or whatever they call themselves today, are nothing but glorified fly by nite peddlers who have found this Petri dish medium, called the internet, by which they can hide and peruse forums and fluff their feathers pretending to be Swiss Bankers- when in fact they cant even spell, write or even really grasp what the hell they are peddling. The greed factor and lack of liability that the internet provides, allows them to prey on the masses. The higher the viewing audience, the higher the victimization potential. Do not let anyone intimidate you. It is your money that has the potential of being lost....not theirs! You intimidate them by asking the questions. If they cannot answer them or provide you with Principal passport and their passports- walk away. These joker brokers cannot conduct compliance checks and there is no need to send them sensitive information unless it is a bank to bank transaction in which case, your banker will vouch for you to their banker. These brokers do not need to have possession of your colour passport so they can easily create fictitious IDs and circulate your POFs....THINK BEFORE YOU SPEAK...DONT SPEAK BEFORE YOU THINK!
Critic wrote:
<quoted text>
Thank you for the detailed explanation. Can you tell us why it still comes or printed in Compliance packages from Sellers?
Eugene

Union, SC

#5 Jul 12, 2011
We can do MT103/23 or MT103 swift. If you got a transaction needing our services. Please email us at nodocstatedloans@gmail.com

Since: Jul 11

Location hidden

#6 Jul 12, 2011
Eugene, I noticed that you reside in the state of South Carolina and that tells me that you SHOULD be able to read and understand English...

But, your level of comprehension appears to be "nil".

Did you bother to read "MT 103-23 MYTHBUSTER's" post, before you entered your bogus offer?

Since: Jul 11

Location hidden

#7 Jul 16, 2011
There is so much 103/23 misinformation.

Actually, the 103/23 is common place outside USA but the key point is that it is not required or an obligation for the receiving bank to comply.

So, if the receiving bank does not comply, your 103/23 just became a 103 and 15 seconds later bye bye your funds never to be found again.

Also, in that case, the loss of your funds is not the responsibility of either banks. It is only your responsibility because you are suppose to know what you are doing.

Therefore, be careful to structure the transaction properly + be careful with whom you engage.

https://pppkingdom.wordpress.com/

Best Regards,

FW

Since: Jul 11

Location hidden

#9 Jul 16, 2011
So, FW is wrong again?

I guess he never visited: www.swift.com

Since: Jul 11

Location hidden

#12 Jul 19, 2011
Mr. Negro:

You are great posting websites but you do not have a CLUE what you are talking about.

You are just the Forum clown hiding behind a picture of Albert Einstein.

ARE YOU TIRED OF NON-PERFORMANCE?

IF YOU NOW ARE NOW REALLY SERIOUS ABOUT GETTING YOUR CLIENT INTO A REAL PPP CONTACT US:

https://pppkingdom.wordpress.com/

Best Regards,

FINANCIAL WARRIOR
GFAI

Tampa, FL

#13 Sep 12, 2011
Mythbuster, how can I reach you directly?
I am trying to learn reality vs nonsense with regards to BG's, PPP, monetizing, leveraging, etc.

Thanks
Birkov

Jakarta, Indonesia

#14 Jan 8, 2012
I buy some electronic parts and i do bank transfer for the payment mode. But my supplier told me that they dont received any payment. So he asking me to sent the MT103 Code from my bank. What's that means ? anyone can explain ?
OneHopefulWorld

Commack, NY

#15 Jan 8, 2012
Birkov - ask your bank that you did the transfer through to track the payment. They should be able to tell you exactly where it is.

Since: Jul 11

Location hidden

#16 Jan 8, 2012
Birkov wrote:
I buy some electronic parts and i do bank transfer for the payment mode. But my supplier told me that they dont received any payment. So he asking me to sent the MT103 Code from my bank. What's that means ? anyone can explain ?
He is asking you to send him a copy of the transfer slip. The one the bank gave you once you ordered and paid for the wire transfer (MT 103).

You can scan it and email it to your supplier.
abdulrahman al habeeb

Kuwait, Kuwait

#17 Jan 9, 2012
if the buyer issue sblc and pay by mt 103 if it safe or not for terms of payment?

Since: Dec 11

Location hidden

#19 Jan 9, 2012
abdulrahman al habeeb wrote:
if the buyer issue sblc and pay by mt 103 if it safe or not for terms of payment?
If the buyer issued a SBLC then the bank is responsible for the payment. As long as the terms of the SBLC were met.
Birkov

Jakarta, Indonesia

#20 Jan 11, 2012
David Cheever wrote:
<quoted text>
He is asking you to send him a copy of the transfer slip. The one the bank gave you once you ordered and paid for the wire transfer (MT 103).
You can scan it and email it to your supplier.
David Cheever wrote:
<quoted text>
He is asking you to send him a copy of the transfer slip. The one the bank gave you once you ordered and paid for the wire transfer (MT 103).
You can scan it and email it to your supplier.
I did it !
I sent the copy of transfer and they told there is no any payment received.My supplier make a phone call and explained me to asking the MT103 code from my bank officer.
David Cheever wrote:
<quoted text>
He is asking you to send him a copy of the transfer slip. The one the bank gave you once you ordered and paid for the wire transfer (MT 103).
You can scan it and email it to your supplier.
I did it !
I sent the copy of transfer and they told there is no any payment received.My supplier make a phone call and explained me to asking the MT103 code from my bank officer. The receiver bank asking to him about the MT103 Code to find out the money. What that means ?
Get real

Jakarta, Indonesia

#21 Jan 14, 2012
Hi Birkov,

Im also in Jakarta right now, and do a lot of business from Indonesia, Malaysia and the Philippines. My bank in Europe also had SWIFTs lost in transit sent from jakarta a few years back, and its all to do with relations between banks as well as correspondence routing. If you deal with HSBC Jakarta, they should be able to get an answer back report on the SWIFT system. Please let your bank call the corresponding bank they use for I assume USD transactions as well just in case.

It is best your bank officer communicate with the receivers bank officer, rather than you with the seller in these cases. This will resolve matters faster. Also, did the amount exceed 25m USD?
peter tucker

United States

#22 Jan 15, 2012
Bullshit. Your beard will be on floor before get answer on anything from HSBC
KARTS LEVI

Central District, Hong Kong

#26 Feb 12, 2012
i have someone in the USA,he wants me to send him an icbpo,for him to him to send me 760, can an icbpo be blocked?
Mezo

Fremont, CA

#30 Feb 28, 2013
All the answers I saw , shows a lot of people are involved as " victim" for the money transfer. More than $100,000 , is not ease as every one think about. For 25M remittance from HSBC,... it is an story from the Joker brokers for cheating the people. Don't believe to any words and don't waste your time. at the results if you be 100% lucky, only you have wasted your time, otherwise you will lose your money too.

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