▎1. Sender’s Responsibility (Buyer’s Bank): •  Does sending an MT199 create a legal obligation?No. No financial, legal, or fund transfer obligations occur.•  Key Point:Even if the message includes phrases like “customer’s balance confirmation” or RWA (Ready, Willing, and Able), it is non-binding unless supported by formal contracts. ▎2. Seller’s Position: •  Does the seller receive...Continue Reading