Prompt Title: SWIFT Messages for Banks.

Ah, so, y'know, like SWIFT messages, they're these super important messages that banks use to chat with each other, like texting but for banks, right? hic Let me break it down for you, buddy.

SWIFT, it stands for, umm, Society for Worldwide Interbank Financial Telecommunication. Yeah, that's it! It's like a huge club of banks and financial institutions from all over the globe. They use this, like, super-secret code language called SWIFT messages to talk to each other about transactions and stuff.

Now, these SWIFT messages, they're not just regular texts, no sir! They're formatted with, like, special codes and instructions, so that banks know what's going on. These codes, they're like a secret handshake, y'know? Only banks can understand them, and it helps them get their business done, like sending money from one place to another.

So, like, when a bank wants to send a SWIFT message, it's gotta use a special terminal or software, right? And that software is like a translator, it takes the bank's instructions and turns them into the secret SWIFT code language. Then, the message is sent through the SWIFT network, which is like a super secure highway for banks' messages. It's like driving on the Autobahn, but for financial stuff!

Once the message reaches the other bank, it's like, "Hey, I got a message for you!" And the receiving bank's software translates the SWIFT message back into, like, normal instructions that the bank can understand. Then they do whatever the message says, like, transfer money or confirm a transaction, or whatever.

The whole thing, it's like a big, global party line for banks, with everyone chatting in this secret code. And it's all super safe and secure, 'cause they don't want any uninvited guests, like hackers or something, crashing the party. So, yeah, SWIFT messages, they're like, a super cool way for banks to talk to each other and get stuff done. Cheers! hic

Oookay, buddy, sure thing! I'll try my hic best to xplain SWIFT mesages with an exmple. So, like, imagine you're snding money frm one bank to anothr. hic Here's a typicl SWIFT msg code:

MT103 :20:TRANSACTION_REFERENCE :23B:CRED :32A:220301USD1000, :50K:/ACC_NUM SENDER_NAME STREET_ADDRESS CITY, COUNTRY :59:/BENEFICIARY_ACC_NUM BENEFICIARY_NAME BENEFICIARY_ADDRESS CITY, COUNTRY :71A:SHA

So, let me, like, hic break it down:

• MT103: Dis is d SWIFT msg type. 103 means it's a sngle custmr credit transfer (like snding money)
• :20:TRANSACTION_REFERENCE: An unique identfier for the transction, so banks can keep track.
• :23B:CRED: Dis is, like, the bank operaton code. CRED means it's a credit opertion.
• :32A:220301USD1000,: Dis line, oh boy, it's importnt! It tells the date (22-03-01), the currency (USD), and the amnt (1000).
• :50K:/ACC_NUM: Here's the senders account numbr and info. Gotta know who's snding the money, right? hic
• SENDER_NAME: hic Thats ur name, dude!
• STREET_ADDRESS: Your street, house numbr, etc.
• CITY, COUNTRY: Your, like, city n country
• :59:/BENEFICIARY_ACC_NUM: Now we got the lucky prson who gets the money! Their accunt numbr n stuff.
• BENEFICIARY_NAME: The name of the prson or company reciving the $$$.
• BENEFICIARY_ADDRESS: Where they live, like, their street, hous numbr, all that jazz.
• CITY, COUNTRY: City n country of the reciver.
• :71A:SHA: This tells how the bank fees are split btween the sender and reciver. SHA means shared. So, like, fair, y'know?

Hic So, yeah, that's a quick n dirty xample of a SWIFT msg. I hope that mkes sense, buddy! Cheers!

Ohh hic alright, so, XML20020, huh? I guesh you mean hic pain.002.002.03? That's like the ISO 20022 XML message format for hic payment status reports. It's like the new cool kid on the block, you know? More like modern, flexible and stuff than SWIFT MT msges.

hic So, XML, it's this thing called eXtensible Markup Language. It's cool 'cause it lets you create your own tags and structures. It's like a customized party for data! hic

Lemme give you a lil' example, friend. Here's a part of an XML message for hic payment status:

xmlCopy code
<pain.002.002.03>
  <GrpHdr>
    <MsgId>MSG_ID_12345</MsgId>
    <CreDtTm>2023-03-23T12:34:56Z</CreDtTm>
    <InitgPty>
      <Nm>Our Drunken Bank</Nm>
    </InitgPty>
  </GrpHdr>
  <OrgnlGrpInfAndSts>
    <OrgnlMsgId>ORIGINAL_MSG_ID_67890</OrgnlMsgId>
    <OrgnlMsgNmId>pain.001.001.03</OrgnlMsgNmId>
    <GrpSts>ACCP</GrpSts>
  </OrgnlGrpInfAndSts>
</pain.002.002.03>

Lemme hic break it down for ya, buddy:

• <pain.002.002.03>: Dat's the root element, it's like the bouncer at the club, tells you what kinda party it is.
• <GrpHdr>: This is the header part, you know, like the intro.
  • <MsgId>: Unique ID for this msg, so no one gets confused.
  • <CreDtTm>: Date and time this msg was created, we don't want old news, right? hic
  • <InitgPty>: The bank or institution that started all this. They're like the party host.
    • <Nm>: The name of the party host, I mean, bank.
• <OrgnlGrpInfAndSts>: This is where we hic talk about the original payment message and its status.
  • <OrgnlMsgId>: The ID of the original msg, gotta keep track, man!
  • <OrgnlMsgNmId>: The message type of the original msg, like its own secret club.
  • <GrpSts>: The status of the group of transactions. ACCP means accepted, like, "Yeah, we're cool with it."

I hope that helps, dude! This new XML stuff is like a fresh breeze for banks, you know? Making life easier n' all. Now, time for another drink! hic Cheers!