0
it is Taylor Swifts coded language that all of her die hard fans can interpret, in the song Love Story, she says the entire code out loud. Apparantly she is saying that she just got out of a photo shoot
UMMM questioner wanted to know a banking term not Taylor swifts secret code
MT542 is a message vis S.W.I.F.T. corp --
A Deliver message is used to instruct the receipt of financial instruments, physically or by book-entry, from a specified party. This can be "free of payment" (MT 542), or "versus payment" (MT 543). The message fields are displayed under the following message tabs:
Deliver (Free of or Versus Payment) - for message identification, transaction, account, delivery agent instruction details, and amount information
Settlement Parties - allows you to enter additional information about parties involved in the settlement.
Other Settlement Parties - allows you to enter additional Delivery and Buyer details if instruction is part of a two leg transaction
Amount Details - allows you to enter additional Amounts details if instruction is part of a two leg transaction
Additional Details - allows you to enter additional Settlement and Trade details
Cash Parties - allows you to enter cash party information
Still curious? Ask our experts.
Chat with our AI personalities
Coach
Blake
Devin
Add your answer:
Earn +20 pts
What is a swift MT566 message used for?
for corporate action
Is there a charge by the bank to send a swift message?
In short - YES.
How long does it take to send and receive a swift message?
3 minutes
What is an MT700?
When banks have to open a credit note, the issuing banks uses a swift message type known as MT700. This message is sent by issuing bank to advising bank. It is nothing but a documentary letter of credit in a swift format.
What is a SWIFT MT 499?
Dear, MT 499 is a free format message. Regards!
