What is Field 58a?

DEFINITION. This field specifies the financial institution which has been designated by the ordering institution as the ultimate recipient of the funds being transferred.Click to see full answer. People also ask, what is field 58a in mt700?Field 49G is to specify any special payment conditions that are applicable to the beneficiary, such as post-financing requests/conditions.Secondly, what is field 52a in Swift? The ordering institution (Tag 52D) is provided in the MT103 SWIFT Message. This means the ordering customer is not customer of the Sender. what is field 58a in Swift? DEFINITION. This field specifies the financial institution which has been designated by the ordering institution as the ultimate recipient of the funds being transferred.What is mt707?MT 707 is a special swift message type that is used by issuing banks or advising banks when sending an amendment to a documentary credit. The amendment is to be considered as part of the documentary credit, unless the MT 707 is used to convey only brief details of the amendment, details of which are to follow.

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