The banking world treats tested telex and SWIFT messages as a manually signed communication of the sending party to thedesignated addressee. Bankers reply on them with complete confidence . Standard Bank London Ltd v Bank of Tokyo Ltd (1995). What is the legal position of a bank who seeks to enforce a fraudulent tested telex against the sending bank?
The banking world treats tested telex and SWIFT messages as a manually signed communication of the sending party to the designated addressee. Bankers reply on them with complete confidence
August 10th, 2017 admin