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What does the Bank SWIFT message text "MT600" mean? Is there anyone who knows about it? If anyone of you have information regarding this kindly share it with me.
Tags: bank, Message, quotMT600quot, swift, text
Report (5) (0) | 12 years, 9 month(s) ago
Report (0) (0) | 12 years, 9 month(s) ago
MT 600 Precious Metal Trade Confirmation MT 600 Scope This message type is exchanged between the financial institutions which have agreed to a precious metal trade. It is used to confirm the details of: a new contract between the parties an amendment to a previously agreed contract the cancellation of a contract the settlement of a metal option which has been exercised. This message may also be exchanged to confirm the liquidation of a forward deal. In some cases, only one of the financial institutions involved in a contract will send a confirmation to the second financial institution. These cases include: retransmission due to errors in a previously sent confirmation additional information about a previously confirmed contract, (eg, to provide the name of the party in field 57a and/or 87a, in those cases where the previous confirmation contained the code UNKNOWN).
check out http://www.mtn-cmo-bg.com/swifts/mt600-swift/
Latest activity: 13 years, 3 month(s) ago. This question has 3 answers.