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 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,...
Field 42M: Mixed Payment

Field 42M: Mixed Payment

What is Field 42M: Mixed Payment? Field 42M: Mixed Payment specifies the payment dates, amounts and/or method for their determination in a documentary credit which...
Field 44E: Port of Loading/Airport of Departure

Field 44E: Port of Loading/Airport of Departure

What is Field 44E: Port of Loading/Airport of Departure? Field 44E: Port of Loading/Airport of Departure is a field in MT 700 swift message type...
payment methods and bic and iban

What is Business Identifier Code (BIC) and International Bank Account Number (IBAN)?

Whatever your payment method would be, cash in advance, open account, cash against documents, letter of credit or bank payment obligation, you need to...
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 44B: Place of Final Destination/Place of Delivery

Field 44B: Place of Final Destination/Place of Delivery

What is Field 44B: Place of Final Destination/Place of Delivery? Field 44B: Place of Final Destination/For Transportation to .../Place of Delivery is a field in...
MT 720 Transfer of a Documentary Credit

MT 720 Transfer of 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 31C: Date of Issue

Field 31C: Date of Issue

What is Field 31C: Date of Issue? Field 31C: Date of Issue is a field in MT 700 swift message that is used to indicate...
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...
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