0
MT798 is an authenticated message that is used by Corporates in lieu of the MT 760 to send financial instruments such as Safekeeping Receipts, Import Letters of Credit, Export Letters of Credit and Standby Letters of Credit to member Banks of the SWIFT system.
Thank you
K.O/Accra-Ghana
What else can I help you with?
Continue Learning about Accounting
Related Questions
Can we treat MT700 received through MT798 as an authenticated message from issuing bank?
Never, MT798 was always and remains as Free Format Message!
Can we treat MT707 received through MT798 as an authenticated message from issuing bank?
No, an MT707 received through MT798 cannot be considered an authenticated message from the issuing bank. The MT798 is a free-format message that does not carry the same level of authentication and security as standard SWIFT messages. For an MT707 to be considered authentic, it should be received directly from the issuing bank via the appropriate SWIFT channels, ensuring its integrity and authenticity.
Trending Questions
Who is the audience of an invoice?
Where does a taxpayer get a schedule 1 and ON428?
What is inventory accrual account?
Unearned Revenue has a normal balance of a?
Is checking account a liability?
Do you put invoice in the ledger account?
Do you have to file taxes even if you getting refund?
What are the components of a statutory audit?
Where can you denounce someone who does not pay taxes?
What is the difference between non current asset and plant asset?
Can a credit card company collect on a charged off account after 7 years?
Can a company be a zero equity?
How many years can you carry forward a capital loss on your 1040?
Does liability means same as curse and burden?
What is the procedure if the Demand draft is lost and expired?
Can i file my federal taxes now and pay later?
What happens to an official check never cashed?
What is meant by an auditing independent mental attitude?
What does OPEN stand for at American Express?
Which page replacement strategy incurse more execution overhead?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.