OCMT
Encyclopedia
OCMT is an abbreviation
which stands for Original currency and amount. This is a term used for payments between banks.
It is a SWIFT standard code Word
part of MT 202. These are messages, which are exchanged between banks after the SWIFT
standard.
Deutsche Bank
uses such words in its transaction data records (which appears on some types of bank statement
s).
Abbreviation
An abbreviation is a shortened form of a word or phrase. Usually, but not always, it consists of a letter or group of letters taken from the word or phrase...
which stands for Original currency and amount. This is a term used for payments between banks.
It is a SWIFT standard code Word
SWIFT:Message Types
SWIFT or Society for Worldwide Interbank Financial Telecommunication provides a network to allow financial and non-financial institutions to transfer financial transactions through a 'financial message'....
part of MT 202. These are messages, which are exchanged between banks after the SWIFT
Swift
The swifts are a family, Apodidae, of highly aerial birds. They are superficially similar to swallows, but are actually not closely related to passerine species at all; swifts are in the separate order Apodiformes, which they share with hummingbirds...
standard.
Deutsche Bank
Deutsche Bank
Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
uses such words in its transaction data records (which appears on some types of bank statement
Bank statement
An account statement or a bank statement is a summary of all financial transactions occurring over a given period of time on a deposit account, a credit card, or any other type of account offered by a financial institution....
s).