This business sector is used to automate single international payments as coverred by the SWIFT MT103 and MT202 messages.

Distinction is done by

• Outgoing Payment
• Incoming Payment
• Transit Payment

The bank processing the payment is always a link in the chain and can use this business sector to effect a payment on demand of their customer, an ordering bank or on their own behalf. Also, the bank can receive / transfer an international payment order for account of their customer or a third party.

The MyModelbank contains several contracts at various stages of processing which provide examples of the contingent variations. The relevant transactions have then been processed in full to illustrate the methods of working with the application. The list of contracts and processed transactions can be found in the chapter 'Contracts and Transactions'. These examples have been written with the standard version of the appliaction. Due to the fact that customer-specific adjustments may have been carried out, real results can vary from those provided by the MyModelbank.

The different ways of working with the individual transactions are described in the user documentation of the application.