Category
Trade Finance
Letters of credit, bank guarantees, and international trade settlement.
Articles
What happens when an advising bank has to pass on a Letter of Credit it received through a channel other than SWIFT.
02 Sep 2026 · 2 min read MT 707 Explained: Amendment to a Documentary CreditHow changes to an already-issued Letter of Credit — a new expiry, a revised amount, added conditions — get communicated.
01 Sep 2026 · 2 min read MT 705 Explained: Pre-Advice of a Documentary CreditWhy an issuing bank sends a short heads-up before the full Letter of Credit follows as an MT 700.
31 Aug 2026 · 2 min read MT 420 Explained: Tracer (Collections)The chaser message a remitting bank sends when it has not heard back on the status of a collection.
30 Aug 2026 · 2 min read MT 416 Explained: Advice of Non-Payment/Non-AcceptanceThe SWIFT alert sent when a drawee refuses to pay or accept a draft under a documentary or clean collection.
29 Aug 2026 · 2 min read MT 410 Explained: Acknowledgement (Collections)How the collecting bank confirms it has received the documents sent under a collection instruction.
28 Aug 2026 · 2 min read MT 400 Explained: Advice of Payment (Collections)How the collecting bank tells the remitting bank that a documentary or clean collection has been paid.
27 Aug 2026 · 2 min read MT 700 Explained: Every Field in a SWIFT Documentary Credit MessageA field-by-field walkthrough of MT 700, the SWIFT message that opens a Letter of Credit — what 40A, 41a, 42C, 46A, 48, and every other field actually mean.
11 Aug 2026 · 6 min read