Settlement message matrix
| Flow | Instruction | Confirmation |
|---|---|---|
| Receive free of payment | MT540 | MT544 |
| Receive against payment | MT541 | MT545 |
| Deliver free of payment | MT542 | MT546 |
| Deliver against payment | MT543 | MT547 |
| Processing or settlement status | MT548 | |
ISO 20022 equivalents
Instructions map toward sese.023, confirmations toward sese.025, and status advice toward sese.024. Actual usage depends on market infrastructure, account model and lifecycle state.
Direction and payment type are fundamental. Verify receive versus deliver and free versus against-payment before relying on a conversion.