{"id":2784,"date":"2018-10-08T07:32:30","date_gmt":"2018-10-08T11:32:30","guid":{"rendered":"http:\/\/www.letterofcredit.biz\/?p=2784"},"modified":"2019-04-06T11:16:23","modified_gmt":"2019-04-06T15:16:23","slug":"mt-732-advice-of-discharge","status":"publish","type":"post","link":"https:\/\/www.letterofcredit.biz\/index.php\/2018\/10\/08\/mt-732-advice-of-discharge\/","title":{"rendered":"MT 732 Advice of Discharge"},"content":{"rendered":"

Swift is a provider of secure message platform for financial institutions mainly for banks.<\/p>\n

Swift messages are being sent and received by banks in encrypted forms. As a result swift messages are accepted as a valid and reliable way of communication between banks.<\/p>\n

For example, an issuing bank sends a swift message to an advising bank in order to inform issuance of a documentary credit. Similarly the advising bank sends its acknowledgement via a swift message.<\/p>\n

Swift messages play a key role not only in letters of credit but also other payment methods in international trade such as cash in advance payment, documentary collections, open accounts and bank payment obligations.<\/p>\n

What is\u00a0MT 732 Advice of Discharge?<\/strong><\/p>\n

This message is sent by the issuing bank to the paying\/negotiating or accepting bank.<\/p>\n

It may also be sent by the paying\/accepting\/negotiating bank to the bank from which it has received documents.<\/p>\n

It is used to advise the Receiver that the documents received with discrepancies have been taken up.<\/p>\n

MT 732 Advice of Discharge<\/h3><\/div>