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SWIFT for Corporates
Standards MT Message ImplementationGuide
This document describes the rules you must follow when you send or receive Standards MT using SWIFTNet FIN inSCORE (Standardised Corporate Environment).
17 December 2008
SWIFT for Corporates2 Standards MT Messages Implementation Guide
Table of Contents
Preface.............................................................................................................................................3
1
General Information...............................................................................................................4
1.1
General Information on BICs and BEIs...................................................................................4
1.2
General Information on IBANs................................................................................................4
2
Cash Management Standards...............................................................................................5
2.1
Payment Initiation....................................................................................................................6
2.2
Exceptions Handling and Investigations...............................................................................27
2.3
Account Reporting.................................................................................................................30
3
Treasury Markets Standards...............................................................................................44
3.1
MT 300 – Foreign Exchange Confirmation...........................................................................44
3.2
MT 320 – Fixed Loan/Deposit Confirmation.........................................................................47
3.3
MT 305 – Foreign Currency Option Confirmation.................................................................52
4
Securities Standards...........................................................................................................55
4.1
Settlement, Status and Allegement Messages.....................................................................56
4.2
Reconciliation Messages......................................................................................................64
4.3
Asset Servicing Messages....................................................................................................73
5
Trade Standards..................................................................................................................81
5.1
Import Documentary Credit Transactions.............................................................................89
5.2
Export Letter of Credit Transactions...................................................................................134
5.3
Guarantee / Standby Letter of Credit Transactions............................................................163
5.4
Free Format Messages.......................................................................................................234
Legal Notices...............................................................................................................................244
Preface17 December 2008 3
Preface
Purpose of this document
The purpose of this document is to document how the FIN standards must be implemented andused between corporates and financial institutions. It sets out those standards (also calledMessage Types or MTs) that are suitable for this purpose and provides usage rules andguidelines to ensure their consistent implementation.Participants in the SCORE service are expected to adhere to the rules in this document. Wheremessages are exchanged in a MA-CUG or other SWIFT environment, adherence to these rulesmust not be assumed.
Note
SCORE participants are not required to support all messages, all messagefunctionality and usage in this document, but where they do, these rules must befollowed.This guide is not a standards handbook. The detailed description of the FIN standards can beobtained from the SWIFT User Handbooks, Category Volumes. Where applicable, this guiderefers to those handbooks.
Document structure
This guide is structured as follows:
•
Section 1
: provides information about the notions of BIC (Bank Identifier Code), BEI(Business Entity Identifier), and IBAN (International Bank Account Number)
•
Section 2
: covers the use of the cash management standards (CAT 1, CAT 2 and CAT 9)
•
Section 3
: deals with treasury markets standards (CAT 3)
•
Section 4
: deals with securities markets standards (CAT 5)
•
Section
5: deals with trade markets standards (CAT 7)Wherever possible, business scenarios and examples are provided to best illustrate how thestandards must be used.This document uses the following typographical conventions:
Bold
Names of files, parameters, API calls, user logon, and logon groupsReferences to a directory or a menuGUI elements and command names
Italics
Important information and document names
Courier
User input, directory paths, parameter values, place holders, andsystem output examplesUnderlineAdded rule/guideline compared to the previous release of the documentStrikethroughDeleted rule/guideline compared to the previous release of thedocument
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