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MT103
It is part of the SWIFT payment system.
An MT103 is a detailed and standardized document that is generated when you complete an international wire transfer at a bank. It is part of the SWIFT payment system, and it is meant to act as a confirmation of payment, much like a receipt. It is the ‘proof’ that payment was made.
Related Glossaries
EOR
EOR stands for Employer of Record.
Exit interview
An exit interview is a meeting with an employee who is about to leave, or has recently left.
Tax deduction
Tax deductions are amounts you can subtract directly from your income.
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