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  2. Goodwill letters: How to get late payments removed from your ...

    www.aol.com/finance/goodwill-letters-payments...

    A goodwill letter is a formal letter to a creditor or lender, such as a bank or credit card company, to request forgiveness for a late payment or other negative item on your credit report. In the ...

  3. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    The fundamental principle of all letters of credit is that letters of credit deal with documents and not with goods. The payment obligation is independent from the underlying contract of sale or any other contract in the transaction. The bank's obligation is defined by the terms of the LC alone, and the contract of sale is not considered.

  4. SWIFT - Wikipedia

    en.wikipedia.org/wiki/SWIFT

    The Society for Worldwide Interbank Financial Telecommunication ( Swift ), legally S.W.I.F.T. SC, is a cooperative established in 1973 in Belgium ( French: Société Coopérative) and owned by the banks and other member firms that use its service. SWIFT provides the main messaging network through which international payments are initiated. [ 2]

  5. Invoice - Wikipedia

    en.wikipedia.org/wiki/Invoice

    The typical format of an invoice starts with a header prominently featuring the term "Invoice". This is usually followed by information needed to establish the context of the transactions such as the name, address, and contact information of the parties involved (e.g. buyer and seller) and important dates such as when payment must be received.

  6. SWIFT message types - Wikipedia

    en.wikipedia.org/wiki/SWIFT_message_types

    SWIFT message types are the format or schema used to send messages to financial institutions on the SWIFT network. The original message types were developed by SWIFT and a subset was retrospectively made into an ISO standard, ISO 15022. In many instances, SWIFT message types between custodians follow the ISO standard. [ 1]

  7. Remittance advice - Wikipedia

    en.wikipedia.org/wiki/Remittance_advice

    Remittance advice is a letter sent by a customer to a supplier to inform the supplier that their invoice has been paid. If the customer is paying by cheque, the remittance advice often accompanies the cheque. The advice may consist of a literal letter (e.g., "To Whom it May Concern: Your shipment of the 10th inst was received in good order ...

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