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Standby Letter of Credit: How it works
In the previous article, we introduced the Standby Letter Of Credit (SLOC) and looked at the steps of its issuance and notification. The next question now is what happens after. In this article, we...
Differences between SEPA, SWIFT and UK Faster payments
When you begin your journey in payments, you can easily feel overwhelmed because of the many types of payments and payments systems available out there. How to easily understand what they are and how...
The Standby Letter of Credit – Definition, Issuance and Notification
Another prominent payment technique used in international trade is the Standby Letter of Credit. What is a Standby Letter of Credit (SBLC)? How is it different from a Letter of Credit? How do issuance...
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....
