MT942 (SWIFT Interim Transaction Report)
MT942A SWIFT FIN message used to deliver intraday balance and transaction updates between scheduled MT940 end-of-day statements, allowing treasury teams to track cash positions in near real time.
MT942 is the intraday counterpart to MT940. Where MT940 is sent once at end of day and reconciles to a final closing balance, MT942 is sent multiple times during the day with an interim window — typically every hour or every two hours — and carries the transactions posted in that window.
Treasury teams use MT942 to manage same-day liquidity: knowing at 11am that a large expected receipt has cleared lets them release a planned outgoing payment without waiting until end of day. The format is structurally identical to MT940 but uses fields 90D and 90C for floor-limit debit and credit indicators rather than fixed opening/closing balances.
MT942 use is concentrated in markets and corporates with active intraday cash management — global banks, broker-dealers, and large multinationals. For domestic-only operations or smaller corporates, end-of-day MT940 is usually sufficient.