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
Where can capital gains software be found?
What is it called when banks record which account gives up mpney and which account receives money when a customer writes a check?
How do banks count money?
What is bulk posting in bank transactions?
What is meant by payroll administration?
Can I file this year's tax return without filing for previous years?
What are the objective of accounting?
What is accounting treatment of drawings?
How much will it cost to get the back shocks fixed?
How can i get council tax statement?
How can you schedule a report you want to run for a weekly Tuesday morning meeting to review the past week data?
Where can one download a check register template?
Distinguish between the two categories of adjusting entries and identify the types of adjustments applicable to each category?
What maths are required to work in business accounting?
WHAT IS Comparing the expenditure profile to event values allows the contracting officer to?
What is the routing number for a active assets account for Morgan Stanley?
When can you claim your pension?
What is DB account?
What is the Maximum withholding allowance?
How does an employer get a credit for overpaid FICA taxes on an employee?
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.