MT message to the university's account

[rifattryo.ut11]

The merchant was a self-owned merchant. Because the university was overseas and could not access the network in China, the cross-border payment company processed the transaction as a domestic acquiring bank. The transaction was completed and the payment success response was returned at the cash register. The whole process was a normal domestic acquiring transaction. .Then the cross-border payment institution initiated a request to the cooperative bank to exchange Y into . .The cooperative bank returned a request for successful exchange. .The cross-border payment enterprise initiated an overseas remittance request and a remittance declaration request to the cooperative bank.



.The cooperative bank initiated the remittance and sent annet israel phone number format work. At the same time as the remittance was paid, the cooperative bank reported the order information of the remittance to the regulatory agencies, the People's Bank of China and the State Administration of Foreign Exchange. .The university's account opening bank responded to the payment message on the T network with a successful result. .The university received a successful payment notification from the account opening bank that the tuition payment was completed. The capital flow of the case can be expressed as follows.



After completing the domestic acquiring transaction, the reserve account of the account opening bank actually paid a sum of Y to the domestic reserve account of the cross-border payment institution in the bank. .The cross-border payment institution initiated a foreign exchange purchase application to the bank and exchanged Y in the reserve account into . . The cross-border payment institution transfers its own bank account to the bank's foreign currency reserve account. . The cross-border payment institution initiates a remittance application to the bank and submits the order details for declaration. .