'SWIFT' messages are the messages that can be used in business transactions in order to communicate with other banks. A pre-condition is that the relevant receiver bank and their BIC code has been entered in the Maintaining Parties transaction [DBIPTY]
For receiver of type “Bank” that have an associated BIC code, the authentication setting can be “Authenticated”, “Connected” or “Not connected”.
If the relative party is a Bank, enter the BIC code. This then makes it possible to select “Authenticator” in the “Authentication of Address” panel.
If an authentication agreement exists with the respective party, 'Authenticated' has to be selected.[Message Medium - SWIFT]
If no direct authentication agreement exists with the respective bank but the bank has a SWIFT connection, 'Connected' has to be selected. In this case, only MT999 messages are created.
[Message Medium - SWIFT]
No SWIFT messages are created only Letters are generated if authentication setting is 'Not Connected', even if a BIC code has been entered, since SWIFT cannot be selected as outgoing message type.
[Message Medium - Letter]