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BANKING · FOREX · FEMA
SWIFT & International Wire Transfers for Indian Exporters
Correspondent Banking, SWIFT Codes, MT103, MT202 — Practical Guide
Effective Date: 2026-04-16
www.allfrontierglobal.com
CONFIDENTIAL — FOR PRINCIPAL USE ONLY
SWIFT & International Wire Transfers for Indian Exporters
Overview
Correspondent Banking, SWIFT Codes, MT103, MT202 — Practical Guide
Key Concepts
Fundamental principles and definitions
Regulatory framework (RBI / FEMA / DGFT where applicable)
Indian exporter-specific considerations
Common pitfalls and how to avoid them
Step-by-Step Guide
Step 1: Identify requirement and applicable instrument
Step 2: Select appropriate bank or financial institution
Step 3: Documentation requirements
Step 4: Processing timeline and costs
Step 5: Compliance and reporting
AJG Role
AJG facilitates introductions between principals and banking partners where appropriate. Commission-only service — no advisory fees. Principals are responsible for their own banking and regulatory compliance.
Useful Resources
RBI — rbi.org.in
DGFT — dgft.gov.in
ECGC — ecgc.in
EXIM Bank — eximbankindia.in
AJG Intelligence — allfrontierglobal.com/tools.php
Document produced by All Frontier Global Nexus · Commission-Only · Unilateral · Bilateral · Trilateral · Multilateral
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