Wednesday, January 19, 2022
MT 700 Swift Message Field Specifications

MT 700 Swift Message Field Specifications

Swift is a provider of secure message platform for financial institutions mainly for banks. Swift messages are being sent and received by banks in encrypted...
What are the Differences Between MT 700 and MT 760?

What are the Differences Between MT 700 and MT 760?

MT700 and MT760 swift message types that banks use when issuing documentary credits and guarantees, respectively. Banks use MT700 when issuing a commercial letter...
Field 41a: Available With ... By ...

Field 41a: Available With … By …

What is Field 41a: Available With ... By ...? Field 41a: Available With ... By ... is a field in MT 700 swift message type...
Field 72: Sender to Receiver Information

Field 72: Sender to Receiver Information

What is Field 72: Sender to Receiver Information? Field 72: Sender to Receiver Information is a field in MT 700 swift message type that specifies...
MT 707 Amendment to a Documentary Credit

MT 707 Amendment to a Documentary Credit

Swift is a provider of secure message platform for financial institutions mainly for banks. Swift messages are being sent and received by banks in encrypted...
Field 49: Confirmation Instructions

Field 49: Confirmation Instructions

What is Field 49: Confirmation Instructions? Field 49: Confirmation Instructions is a field in MT 700 swift message type that contains confirmation instructions for the...
Bank Guarantee Sample in MT 760 Swift Format

Bank Guarantee Sample in MT 760 Swift Format

Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand. MT 760 is a swift message...
Field 48: Period for Presentation

Field 48: Period for Presentation

What is Field 48: Period for Presentation? Field 48: Period for Presentation is a field in MT 700 swift message type that is used to...
Field 57a: Advise Through Bank

Field 57a: Advise Through Bank

What is Field 57a: Advise Through Bank? Field 57a: 'Advise Through' Bank is a field in MT 700 swift message type that identifies the bank,...
Swift Messages in Letters of Creditvideo

Swift Messages in Letters of Credit

SWIFT is the short form of "Society for Worldwide Interbank Financial Telecommunication". Swift defines its role in international financial transactions on its website as follows. “Our...
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