Difference between revisions of "MT 798"

From Open Risk Manual
(Initial Entry)
 
 
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== Definition ==
 
== Definition ==
'''MT 798'''. It is a format Swift message which offers to corporations a single channel for exchanging standardized corporate-to-bank trade data. It helps corporations to streamline their trade messaging. Using MT 798, a corporation can apply to its bank for a letter of credit or guarantee, and receive an advice of letter of credit back from its bank. The bank can then notify the issuance of a letter of credit or guarantee, or notify an amendment.
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'''MT 798'''. It is a format [[SWIFT]] message which offers to corporations a single channel for exchanging standardized corporate-to-bank trade data. It helps corporations to streamline their trade messaging.  
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Using MT 798, a corporation can apply to its bank for a letter of credit or guarantee, and receive an advice of letter of credit back from its bank. The bank can then notify the issuance of a letter of credit or guarantee, or notify an amendment.
  
 
[[Category:Supply Chain Finance]]
 
[[Category:Supply Chain Finance]]
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[[Category:SWIFT]]

Latest revision as of 10:35, 15 June 2021

Definition

MT 798. It is a format SWIFT message which offers to corporations a single channel for exchanging standardized corporate-to-bank trade data. It helps corporations to streamline their trade messaging.

Using MT 798, a corporation can apply to its bank for a letter of credit or guarantee, and receive an advice of letter of credit back from its bank. The bank can then notify the issuance of a letter of credit or guarantee, or notify an amendment.