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12 Constance Street E16 2DQ London

SWIFT MT 700

Significant changes are coming to SWIFT MT 700 series for commercial LCs (in November 2018) and the MT 760 series for guarantees & standbys (in November 2019). Will bankers and bank systems be ready? One facet possibly overlooked is their role regarding non-bank use of messages. SWIFT expects corporates to fill out message fields correctly and banks to educate customers on the structured formats.  Is this change on your radar?

More details on the forthcoming SWIFT MT 700 series changes for trade finance in the upcoming July/August double issue of Documentary Credit World. If you’re not yet a subscriber, visit the DCW webpage to request a trial issue or register today!

Post Author: kicki@kickiandersson.pro

Ms Andersson is currently located in Spain on remote, and is the founder, director and business lawyer of her business consulting firm, located in London. Before that, she has long work experience in Sweden, in sales and marketing positions, as a top executive. She holds a Master’s degree in Management and she is also specialized in law, finance and leadership. Apart from English, she speaks fluent Swedish

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