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Hello sir
I don’t understand this topic could you please help me understand in simpler way;
1)international bank transfers
2) UNCITRAL model law on international credit transfers
3)obligations of sender of a payment order
4) Liability for payment of unauthorized payment order
5)How does sender make payment to the receiving bank
6)Obligations of receiving bank1) What is there not to understand?
To send money abroad you’ll need these account details to make the payment:
the full name of the account holder (your creditor)
the address of their bank
the bank account number or International Bank Account Number (IBAN)
the SWIFT Bank Identifier Code (SWIFTBIC)
Give that information to your bank and ask them to make a payment out of your account to your creditor
I don’t understand what there could possibly be that you don’t understand!
2) Please tell me that you don’t want me to go through all this from the Uncitral website:
https://www.uncitral.org/pdf/english/texts/payments/transfers/ml-credittrans.pdf
Pages 18 – 20 seem to cover all your questions
Read through those pages and then ask about specific elements from what you’ve read
There’s no way that I could explain in simple terms everything there is included within those pages
OK?
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