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    After 60: The West Sees It One Way, Asia Another

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  • 5 hours ago Should the draft be drawn on the issuing bank or on the confirming bank?
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Home Tag Archives: MT 710 and Confirmation

Tag Archives: MT 710 and Confirmation

Confirmed or Unconfirmed? Decoding MT 710 and Confirmation Fields

By Mr Old Man
September 15, 2025
in :  Mr Old Man, Payment, Q&A
0
395

Intro In trade finance practice, LC confirmations can sometimes get tricky—especially when MT 710 is involved, and the fields seem to give mixed signals. One reader sent in a great case about an MT 710 with “adding our confirmation” in Field 40B, but “without” in Field 49. Let’s walk through the logic step by step. ________ Question Dear Mr. Old …

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Should the draft be drawn on the issuing bank or on the confirming bank?

Mr Old Man
5 hours ago

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Should the draft be drawn on the issuing bank or on the confirming bank?

Mr Old Man
5 hours ago

After 60: The West Sees It One Way, Asia Another

Mr Old Man
5 hours ago

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Anonymous: Hi, If a Telex Release or Express Release is presented instead of an original Bi...

Anonymous: Hi, And what about cases where the credit is confirmed and the bank commits to m...

Anonymous: Thank you for your reply. Yes, it was in the notify party details. It made me he...

Mr Old Man: I assume this email address appears in the notify party details. If the credit s...

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