Standby Letter of Credit: How it works

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In the previous article we introduced the Standby Letter Of Credit (SLOC) and looked at the steps of its issuance and notification. The next...

Differences between SEPA, SWIFT and UK Faster payments

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When you begin your journey in payments, you can easily feel overwhelmed because of the many types of payments and payments systems available out...

The Standby Letter of Credit – Definition, Issuance and Notification

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Another prominent payment technique used in international trade is the Standby Letter of Credit. What is a Standby Letter of Credit (SBLC)? How is...
MT400 SWIFT Message to confirm the collection of funds and announce the proceeds

Usage of MT400 SWIFT Message to announce the proceeds

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The MT400 SWIFT Message is an advice of payment sent by the collecting bank to the remitting bank. A lot of things happen before...
SWFT MT400 With direct account relationship

SWIFT MT400 Usage for the settlement of proceeds

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The SWIFT MT400 is an advice of payment sent by the collecting bank to the remitting bank. A lot of things happen before the...
Collecting Bank and Remitting Bank in SWIFT Category 4 Messages

Collecting Bank and Remitting Bank in SWIFT Category 4 Messages

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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...
SWIFT MT101 usage for funds repatriation

SWIFT MT101 Usage for funds repatriation

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The SWIFT MT101 message can be used for various purposes. We saw in previous articles how the SWIFT MT101 is used: to pay multiple...
SWIFT MT101 Usage to pay from Parent Company on behalf of subsidiaries

SWIFT MT101 Usage by parent company to pay on behalf of subsidiaries

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The previous article was about the usage of the SWIFT MT101 by a parent company to pay from a subsidiary account. A parent company...
MT101 SWIFT Message Usage to pay from subsidiary account

SWIFT MT101 Usage to pay from a subsidiary account

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The MT101 is a payment initiation message that can be used for many purposes and in various ways. An overview of how corporations use...
SWIFT MT101 definition and field 50H in the Sequence B

SWIFT MT101 Usage to pay from multiple debit accounts

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The previous article was about a SWIFT MT101 where the field 50a (Ordering Customer) is present in the Sequence A. As a result, the...

Payment Market Infrastructures in the World...

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In the United Kingdom, Banks can join the Payment market infrastructures for the Pound sterling, but since UK belongs to the SEPA Area, UK...

Payment Market Infrastructures in the World...

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In our last videos, we spoke about the payment market infrastructures in Sweden. In today’s video, we will consider the payment market infrastructures of...

Credit Card Alternatives for Handling Large...

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Image: UnsplashFor a long time, people have relied on credit cards to help with the handling of major expenses. The idea is simply to...

Secrets to understand Payments Market Infrastructures...

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In the previous video, we explained how Payment Market Infrastructures are structured anywhere in the world while focusing on the example of Sweden. Swedish banks...