This multiple message is sent by or on behalf of the ordering institution directly, or through correspondent(s), to the financial institution(s) of several beneficiary institution(s). The message contains several transactions.
It is used to order the movement of funds to each beneficiary institution.
This message may also contain order(s) for the movement of the Sender's own funds in favour of itself. This is the case when the Receiver services multiple accounts for the Sender and the funds are to be transferred between these accounts. In addition, it can be sent to a financial institution to debit an account of the Sender serviced by the Receiver and to credit an account owned by the Sender at an institution specified in field 57a.
