SWIFT's 2020 Standards Release - An introduction to Messaging Types (MTs)
Structured data and standard formats for exchanging information around bank guarantees and letters of credit are key for the digitisation of trade finance. Interbank and bank-to-corporate messaging remains a challenge, and whilst the industry welcomes moves towards structured data and SWIFT’s new messaging types, there are still challenges. TFG heard from Olli Jääsaari, Standardised Trust expert and Nordea’s Trade Finance & WCM Product Manager. Full interview here: https://www.tradefinanceglobal.com/letters-of-credit/swift-messaging-types/