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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...
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...
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 78: Instructions to the Paying/Accepting/Negotiating Bank

Field 78: Instructions to the Paying/Accepting/Negotiating Bank

What is Field 78: Instructions to the Paying/Accepting/Negotiating Bank ? Field 78: Instructions to the Paying/Accepting/Negotiating Bank is a field in MT 700 swift message...
Field 53a: Reimbursing Bank

Field 53a: Reimbursing Bank

What is 53a: Reimbursing Bank? Field 53a: Reimbursing Bank is a field in MT 700 swift message type that specify the name of the bank...
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...
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 71B: Charges

What is Field 71B: Charges? Field 71B: Charges is a field in MT 700 swift message type that is used to specify charges to be...
Field 47A: Additional Conditions

Field 47A: Additional Conditions

What is Field 47A: Additional Conditions? Field 47A: Additional Conditions is a field in MT 700 swift message type that contains a description of further...
Field 46A: Documents Required

Field 46A: Documents Required

What is Field 46A: Documents Required? Field 46A: Documents Required is a field in MT 700 swift message type that contains a description of any...
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