answersLogoWhite

0

Swift MT 566 is a message type used in the SWIFT financial messaging system for reporting information related to corporate actions. It is specifically designed for use by financial institutions to communicate details about events such as mergers, acquisitions, stock splits, or dividend payments to relevant parties. The message facilitates the exchange of information between custodians, brokers, and other stakeholders involved in the processing of these actions. Its structured format ensures clarity and accuracy in the communication of corporate action events.

User Avatar

AnswerBot

1d ago

What else can I help you with?