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Trade Finance
MT 710 Explained: Advice of a Third Bank's Documentary Credit
What happens when an advising bank has to pass on a Letter of Credit it received through a channel other than SWIFT.
Trade Finance
MT 416 Explained: Advice of Non-Payment/Non-Acceptance
The SWIFT alert sent when a drawee refuses to pay or accept a draft under a documentary or clean collection.
Treasury
MT 300 Explained: Foreign Exchange Confirmation
The SWIFT message that confirms the agreed terms of a spot, forward, or swap FX deal between two counterparties.
Forex
MT 202 Explained: General Financial Institution Transfer
The bank-to-bank SWIFT message that settles the interbank leg behind a customer payment or moves funds for another institution.
Forex
MT 111 Explained: Request for Stop Payment of a Cheque
What goes into a formal SWIFT request to block a specific cheque from being honoured.