Blog Post Link : https://paymenttalks.com/understanding-charge-codes-in-swift-payments-our-debt-ben-cred-and-sha-shar/
Demystifying SWIFT Charge Codes: OUR/DEBT, BEN/CRED and SHA/SHAR – Explainer Video Read More »
Introduction When making international payments via the SWIFT network, one crucial aspect that determines how charges are handled is the charge code used in the transaction. The charge code defines how payment-related fees are distributed between the sender and the beneficiary. The three commonly used charge codes in SWIFT payments are OUR, BEN, and SHA.
Understanding Charge Codes in SWIFT Payments: OUR/DEBT, BEN/CRED, and SHA/SHAR Read More »
Blog Post Link : https://paymenttalks.com/nostro-mirror-nostro-vostro-and-loro-accounts-a-comprehensive-guide/
Introduction In the realm of international banking, correspondent banking plays a pivotal role in enabling cross-border transactions and financial settlements. Correspondent banking is a system where banks establish relationships with one another to provide services in regions where they lack direct presence. To facilitate these relationships, banks use specialized accounts such as Nostro, Vostro, Mirror
Nostro, Mirror Nostro, Vostro, and Loro Accounts: A Comprehensive Guide Read More »
Blog Post Read : https://paymenttalks.com/understanding-correspondent-banking-a-comprehensive-guide/
Understanding Correspondent Banking: A Comprehensive Guide – Explainer Video Read More »
<Do check out the explainer video for more clarity > Correspondent banking is a cornerstone of the global financial system, facilitating cross-border transactions and connecting banks worldwide. It enables financial institutions to extend their reach to jurisdictions where they lack a direct presence, thereby supporting international trade, remittances, and financial globalization. This article provides a
Understanding Correspondent Banking: A Comprehensive Guide Read More »
Blog Post Link : https://paymenttalks.com/detailed-explanation-of-all-agents-involved-in-an-iso-payment-message/
Blog Post Link : https://paymenttalks.com/detailed-explanation-of-all-agents-involved-in-an-iso-payment-message/
Blog Post Link : https://paymenttalks.com/detailed-explanation-of-all-agents-involved-in-an-iso-payment-message/
Introduction In the realm of global financial transactions, the ISO 20022 messaging standard has emerged as a cornerstone for harmonizing payment processes across banks, financial institutions, and payment systems. At the heart of these messages lies the intricate web of agents and parties responsible for ensuring seamless communication, processing, and settlement of payments. Whether it’s
Detailed Explanation of ALL Agents and Parties involved in an ISO Payment Message Read More »
