advising MT707 - no route - advising bank revoked their RMA
Posted: Sat Oct 30, 2021 3:17 am
hello,
we need to send an MT707 but the Receiver Institution UBLDBDDHXXX that acted as an advising bank for our MT700 revoked their RMA.
How should we act in this case taking into account that according to UCP 600
UCP 600 - Article 9
Advising of Credits and Amendments
d. A bank utilizing the services of an advising bank or second advising bank to advise a credit MUST USE THE SAME BANK TO ADVISE ANY AMENDMENT THERETO.
How can we deliver the amendment in question?
What’s the best course of action?
Please kindly advise.
Thanks
Best,
Stas
we need to send an MT707 but the Receiver Institution UBLDBDDHXXX that acted as an advising bank for our MT700 revoked their RMA.
How should we act in this case taking into account that according to UCP 600
UCP 600 - Article 9
Advising of Credits and Amendments
d. A bank utilizing the services of an advising bank or second advising bank to advise a credit MUST USE THE SAME BANK TO ADVISE ANY AMENDMENT THERETO.
How can we deliver the amendment in question?
What’s the best course of action?
Please kindly advise.
Thanks
Best,
Stas