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
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
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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
