Monday, June 26, 2023

what is MT742 message?

MT742 is a type of SWIFT message used in international banking. It is a **Reimbursement Claim** message that is sent by the paying/negotiating bank to the bank authorized to reimburse the Sender for its payments/negotiations¹². It is used to claim reimbursement of payment(s) or negotiation(s) under a documentary credit, as relevant to the reimbursing bank¹². Is there anything else you would like to know about MT742 or SWIFT messages? 😊

Source: Conversation with Bing, 6/26/2023
(1) MT742 - Detail view for message - iotafinance.com. https://www.iotafinance.com/en/SWIFT-ISO15022-Message-type-MT742.html.
(2) MT 742 Reimbursement Claim | Letterofcredit.biz | LC | L/C. https://www.letterofcredit.biz/index.php/2018/10/08/mt-742-reimbursement-claim/.

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