Bank-to-bank settlement · What happens underneath the instrument
Correspondent Banking & Reimbursement
Learn correspondent relationships, nostro/vostro, LC reimbursement, URR 725, MT740/742 and settlement timing.
A SWIFT message can be authentic and still only be one part of the banking chain. This course shows how institutions fund and settle obligations between themselves.
What is Correspondent Banking?
Why one bank often needs another bank to reach currencies, markets or clients.
Foundation →Nostro and Vostro Accounts
The same account seen from two banks’ viewpoints.
Beginner →How LC Reimbursement Works
Issuing bank, reimbursing bank and claiming bank in one simple flow.
Intermediate →URR 725
The ICC rules specifically written for bank-to-bank reimbursements under documentary credits.
Advanced →MT740, MT742 and Reimbursement Messaging
Understand the message functions without memorising every field.
Advanced →Value Date, Cut-off, Charges and Settlement Finality
Why “sent today” does not always mean “available now.”
Practitioner →