Tag: Swift Messages
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
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
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
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
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
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
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
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
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...