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    Question

    Which type of message format is recommended by the IFSCA

    for faster processing of credit confirmation, as per the circular issued in January 2024?
    A MT 103 Correct Answer Incorrect Answer
    B MT 910 Correct Answer Incorrect Answer
    C MT 940 Correct Answer Incorrect Answer
    D MT 202 Correct Answer Incorrect Answer
    E MT 104 Correct Answer Incorrect Answer

    Solution

    The IFSCA advises using the MT 910 (Confirmation of credit message) format instead of MT 940 for faster processing of cross-border payments and credit confirmation.

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