Expertise in Trade Finance
International trade spans the entire globe and the trade transaction involves multiple cycles of communication. Check out the role of SWIFT in communication
SWIFT provides secure transmission. Check out on the functionality and structure of SWIFT
BIC is a unique address, which identifies precisely, the institutions involved in financial transactions.
The Message Types in SWIFT, help banks achieve the standard of completeness and accuracy.
As we are interested in the Message Types associated with Trade Finance, we will look at the Message listing of 4 series and 7 series
Common basics in understanding messages is dealt with in this video
We will follow the flow of an LC transaction to understand where the MT7xx are used