This message is sent by a financial institution on behalf of a non-financial institution account owner, ie, the ordering customer/instructing party, and is subsequently received by the receiving financial institution and processed by the receiving financial institution or the account servicing financial institution.
It is used to move funds from the ordering customer's account(s) serviced at the receiving financial institution or at the account servicing institution, or from an account(s) owned by the ordering customer which the instructing customer has explicit authority to debit, eg, a subsidiary account.
The MT 101 can be used to order the movement of funds:
between ordering customer accounts, or
in favour of a third party, either domestically or internationally.