MT410 OR MT412

Simple is Beautiful; the only thing came in my mind when thought of documentary collection. And I think more and more people are thinking the same in these days. Documentary Collection offers us far greater security than selling on open account; but not as much as a documentary credit. We should therefore be more cautious before starting selling using this method of payment. Documentary Collection Forum is an effort to help you on this way – admin; besttradesolution.com
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pj4u44
Posts: 16
Joined: Sun Aug 17, 2014 1:52 pm
First Name: prasanna
Last Name: joshi
Organization: indian overseas bank
Filter: Two Plus Two =: 4
Location: india

MT410 OR MT412

Post by pj4u44 » Mon Oct 24, 2016 3:39 am

We have received document with protest request if doc remain unpaid but we do not have protest facility.
Now wee want to convey same to remiter bank in which msg we should mention in MT410 OR MT412
Regards

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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

MT499

Post by picant » Mon Oct 24, 2016 5:23 pm

Hi Pal,

I think that a message Swift MT499 will suffice, MT410 may be see as an ack only.
Ciao

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