MT 700 Swift Message Type: Issuance of a Letter of Credit

[@ShuddhDesiBanking]

********************************************************************************************** For full course on SWIFT MT and ISO 20022 MX Messages including Overview of SWIFT GPI www.bankon.school/courses/swift-mt-mx-iso-20022-message-types ********************************************************************************************** ********************************************************************** For beginners in Trade Finance, the Gist of Trade Finance in simple language www.bankon.school/courses/international-trade-finance-certification ********************************************************************** Learn the ESSENTIALS of Letter of Credit and UCP 600!! Three Hours of power learning in simple language explained with examples/ Real life documents/ CDCS FAQs - www.bankon.school/courses/international-trade-finance-letter-of-credit-ucp-600 ********************************************************************** For a thorough and extensive understanding of Incoterms 2020 in easy words www.bankon.school/courses/incoterms-2020-training **********************************************************************

[@saintlydemon6952]

Please pin this message. Very helpful.

[@pavithraapriya8441]

This link is expired pls provide a link

[@karttar341]

How do you make or receive payments with LC?

[@heshamaj]

Easy to digest tutorial, supplemented by a true practical example. LCs couldn't be explained more simpler. Thanks!

[@ShuddhDesiBanking]

Thank you!

[@animakerandscratchvideos8688]

Excellent tutorial and expecting more in future.

[@SURYABAHAD]

Well researched and totally practically oriented, Thanks for excellent presentation with lots of practical use to new bankers ✅🙏🏻

[@ShuddhDesiBanking]

Thank you Sir!

[@jamshedrubayet9576]

Simply an awesome tutorial; I have been searching for a long time for such a lecture.

[@ShuddhDesiBanking]

Thank you. www.bankon.school/s/store/courses/description/SWIFT-Message-Types-MT-MX-ISO-20022 You can find our detailed course here. Al the best,

[@RAJESHYADAV-rq6gn]

Thank you mam for explaining things in such a simple and easy language.

[@ShuddhDesiBanking]

It's my pleasure

[@md.moniruzzaman2111]

Really your speech is very good & very clear. Thanks & please keep more video.

[@ShuddhDesiBanking]

Thanks and welcome

[@sintayehualmaw1942]

Thank you so much for excellent and informative explanation and presentation. It is well done and to the point lecture. I enjoyed it and at the same time cleared my grey area of my understanding about the Lc.

[@ShuddhDesiBanking]

You're very welcome! You can check out a list of detailed courses here - www.bankon.school/s/store/courses/description/SWIFT-Message-Types-MT-MX-ISO-20022

[@AA02]

excellent explanation .... keep up good job and stay blessed . 🙂

[@jaykargokani2487]

It's very easy to understand..Thanks a lot

[@johnkakoma4511]

What an excellent job!

[@zachjohnson8190]

Very clear n clean explanation and definitions :)

[@ShuddhDesiBanking]

Glad it was helpful!

[@grenvillepitchen8820]

thank you very much maam. GOD bless you.

[@ShuddhDesiBanking]

You are most welcome. For our detailed course you may refer www.bankon.school/

[@imamitacademy7240]

I want MT 700 XML sample format. Can you help ? Or can you provide a training ?

[@maritezjoyavila7529]

Very helpful. Thank you.

[@mohanvenkatramayanam9631]

Please give brief explanation on tolerance

[@somduttaghosh2191]

Mam, is there any tutorial on Pcfc and Epc, would be a great help if you lecture us on it

[@saimangipudi8209]

Why no Swift MT54 Series message?

[@pratibharajpoot5902]

mam what is difference between lc and sblc?

[@rockygurumayum8059]

Hello Ma'am, Buyer is issuing the LC to us (my company is India) but Supplier is another company in another country (Tanzania, South Africa) and they won't be accepting LC so we have to pay them upfront. Will there be any issues in the payment between us and the buyer, since we won't be shipping the product bill of lading will be in the supplier's name ?

[@nikhilpujyar1525]

Its safe to use LC .

[@nelsondominic3451]

please explain place of expiry in LC

[@pw8102]

mam please provide any full course on issuance of letter of credit,

[@ShuddhDesiBanking]

www.bankon.school/s/store/courses/description/International-Trade-Finance-Letter-of-Credit-UCP-600

[@pankajrawat1645]

In how many days a sight bill under LC is to be crystallized if applicant doesn't pay? Is there any time limit mentioned in UCPDC 600 or in URC 522??

[@ShuddhDesiBanking]

Crystallization of bills is outside the purview of UCP or URC. In India crystallization is governed by FEDAI guidelines which has left it to individual banks to formulate their own policies - 'Authorised Dealers should formulate own policy for crystallisation of foreign currency liability into rupee liability, in case of non-payment of bills on the due date.'

[@aartimahajan2670]

@@ShuddhDesiBanking 1

[@baatitnesi8211]

Madum PLEASE correct yourself If we talk about ADVISORY BANK in 57D then it become MT710.