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Usage of MT400 SWIFT Message to announce the proceeds
The MT400 SWIFT Message is an advice of payment sent by the collecting bank to the remitting bank. A lot of things happen before the funds are collected and the MT400 message is sent....
SWIFT MT400 Usage for the settlement of proceeds
The SWIFT MT400 is an advice of payment sent by the collecting bank to the remitting bank. A lot of things happen before the funds are collected and the SWIFT MT400 message is sent....
Collecting Bank and Remitting Bank in SWIFT Category 4 Messages
SWIFT category 4 messages (part 1) are about payment collections. In the SWIFT standards documentation, we read that these messages are exchanged between the collecting bank and the remitting bank. And unless you know what...
SWIFT MT101 Usage for funds repatriation
The SWIFT MT101 message can be used for various purposes. We saw in previous articles how the SWIFT MT101 is used:
to pay multiple transactions from a single account
to pay multiple transactions from...
SWIFT MT101 Usage by parent company to pay on behalf of subsidiaries
The previous article was about the usage of the SWIFT MT101 by a parent company to pay from a subsidiary account. A parent company can also use the SWIFT MT101 to pay from its...
