GLOBAL PAYMENTS KNOWLEDGEISO 20022 / SWIFT / SEPA / MT / MX
PAYMENTSSIGNAL

The interactive academy for the standards, messages, and rails that move money.

PROGRESS
DRILL · CHARGES AND FOREIGN EXCHANGE

The words behind Charges and foreign exchange

Read the plain-language definition, then name the term it describes.

The party who ultimately receives the funds — the traditional SWIFT MT name for what ISO 20022 calls the creditor.

Step 1 of 2

THE DRILL AS TEXT

  1. The party who ultimately receives the funds — the traditional SWIFT MT name for what ISO 20022 calls the creditor.
    • Beneficiary
  2. The party who orders the payment — the traditional SWIFT MT name for what ISO 20022 calls the debtor.
    • Ordering customer

This drill is built from Charges and foreign exchange — it rearranges material written and sourced on that page rather than asserting anything new, so every claim in it is checkable there.