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
What is capital account?
Can I overdraw my Bbt bank account even thought it is already overdrawn?
How much do loyers make a hour?
Which Bank of America's ABA number is 540600106?
How much is a 1928 b ten dollar signed by AW Mellon?
Why Business is doing for earning profit?
Can 30-60 days late payment history be disputed or removed from your credit report after the account has been closed?
Which age group of children are included in net attendance ratio?
Obtaining a report from the credit bureau can be done how?
Where do your taxes go to?
How to Grow Your Computer Training Business with Consulting Revenue?
Does Second Chance Checking offer savings as well as checking accounts?
What does a creditors clerk do?
What is luxary tax?
Are payroll taxes variable or fixed?
What is the difference between asset write off and asset disposal?
Do you include income taxes payable for calculating working capital calculation?
What is optional expenses?
What is primary difference of income sections of 1120 vs 1120s?
How many employees are there at BDO?
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.