MT710
SWIFT MT710 message, Category 7 (documentary credits and guarantees).
Definition
The MT710 is sent by an Advising Bank to another bank to convey the terms and conditions of a documentary credit received as an MT700/MT701, or of a credit issued by a non-bank. It differs from the MT700 in that the issuer of the credit is not the bank sending the message.
Origin
Defined in the SWIFT User Handbook, Category 7 — Documentary Credits and Guarantees / Standby Letters of Credit, published and maintained by SWIFT (Society for Worldwide Interbank Financial Telecommunication).
Example in context
:27:1/1
:40A:IRREVOCABLE
:20:THIRDBANKREF710
:31C:260620
:52A:Third issuing bank (BIC)
:59:Beneficiary