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
Can you deduct accounting fees paid for someone else?
What check does not require a payee?
What is the Tax ID number?
How much money is raised from tax?
What of these tax forms reports an employee yearly wages tips and other compensation?
What is the abbreviation of asset?
What percent of revenue should sales cost be?
Who is the registered agent for Keybank in CO?
What is Freshbooks software used for?
Which type of account is increased when a company records an increase in debt?
How do you find 1099G tax form in Ohio?
What is the mailing address for New York State tax forms?
How much federal taxes are taken out of 11000?
What are the significant in gathering evidence judgements made by auditors?
What bank uses deposit ticket routing number 541210032?
Are there any cpa classes offered online?
What are my state taxes if I live in PA but work in NY?
Why return on equity decreased?
Do you have to file state taxes if you make under 7500.00 a year?
When viewing a cardholder statement how do you apecify which cycle to view?
Copyright ©2026 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.