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Standards

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Category 7 - Documentary Credits and Guarantees/
Standby Letters of Credit

For Standards MT November 2020 SR


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Message Reference Guide


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Addendum to Standards Release Guide


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This reference guide contains the category 7 message text standards, including a detailed description of the scope,
the format specifications, the rules, the guidelines, and the field specifications of each message type. It highlights
the differences between the Advance Information for Standards MT release 2020 that was published on the
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Standards MT release timeline on 8 February 2019 and the official Standards Release Guide 2020.
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20 December 2019
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Table of Contents
Introduction................................................................................................................................................. 5
Summary of Changes............................................................................................................................. 5
Part 1 Documentary Credits ....................................................................................................................... 7
Documentary Credit Message Types .....................................................................................................8

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MT 700 Issue of a Documentary Credit................................................................................................ 11
MT 700 Scope .................................................................................................................................. 11

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MT 700 Format Specifications.......................................................................................................... 11
MT 700 Network Validated Rules .....................................................................................................12
MT 700 Usage Rules........................................................................................................................ 12

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MT 700 Field Specifications ............................................................................................................. 13
MT 701 Issue of a Documentary Credit................................................................................................32
MT 701 Scope .................................................................................................................................. 32
MT 701 Format Specifications..........................................................................................................32
MT 701 Network Validated Rules .....................................................................................................32
MT 701 Usage Rules........................................................................................................................ 32

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MT 701 Field Specifications ............................................................................................................. 33
MT 705 Pre-Advice of a Documentary Credit.......................................................................................37
MT 707 Amendment to a Documentary Credit .....................................................................................38
MT 707 Scope .................................................................................................................................. 38

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MT 707 Format Specifications..........................................................................................................38
MT 707 Network Validated Rules .....................................................................................................40
MT 707 Usage Rules........................................................................................................................ 40
MT 707 Field Specifications ............................................................................................................. 41
MT 708 Amendment to a Documentary Credit .....................................................................................64
MT 708 Scope .................................................................................................................................. 64
MT 708 Format Specifications..........................................................................................................64
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MT 708 Network Validated Rules .....................................................................................................64
MT 708 Usage Rules........................................................................................................................ 64
MT 708 Field Specifications ............................................................................................................. 65
MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit ..............................................73
MT 710 Scope .................................................................................................................................. 73
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MT 710 Format Specifications..........................................................................................................73


MT 710 Network Validated Rules .....................................................................................................74
MT 710 Usage Rules........................................................................................................................ 75
MT 710 Field Specifications ............................................................................................................. 75
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MT 711 Advice of a Third Bank's or a Non-Bank's Documentary Credit ..............................................95


MT 711 Scope .................................................................................................................................. 95
MT 711 Format Specifications ..........................................................................................................95
MT 711 Network Validated Rules .....................................................................................................95
MT 711 Usage Rules ........................................................................................................................ 95
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MT 711 Field Specifications.............................................................................................................. 96


MT 720 Transfer of a Documentary Credit .........................................................................................100
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MT 720 Scope ................................................................................................................................ 100


MT 720 Format Specifications........................................................................................................100
MT 720 Network Validated Rules ...................................................................................................101
MT 720 Usage Rules...................................................................................................................... 102
MT 720 Field Specifications ........................................................................................................... 102
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MT 721 Transfer of a Documentary Credit .........................................................................................120


MT 721 Scope ................................................................................................................................ 120
MT 721 Format Specifications........................................................................................................120
MT 721 Network Validated Rules ...................................................................................................120
MT 721 Usage Rules...................................................................................................................... 120
MT 721 Field Specifications ........................................................................................................... 121
MT 730 Acknowledgement ................................................................................................................. 125
MT 732 Advice of Discharge .............................................................................................................. 126
MT 732 Scope ................................................................................................................................ 126

2 Message Reference Guide - Standards Release Guide


Table of Contents

MT 732 Format Specifications........................................................................................................126


MT 732 Network Validated Rules ...................................................................................................126
MT 732 Field Specifications ........................................................................................................... 126
MT 734 Advice of Refusal .................................................................................................................. 129
MT 734 Scope ................................................................................................................................ 129
MT 734 Format Specifications........................................................................................................129
MT 734 Network Validated Rules ...................................................................................................129
MT 734 Field Specifications ........................................................................................................... 130

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MT 740 Authorisation to Reimburse ...................................................................................................135
MT 740 Scope ................................................................................................................................ 135

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MT 740 Format Specifications........................................................................................................135
MT 740 Network Validated Rules ...................................................................................................136
MT 740 Field Specifications ........................................................................................................... 136

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MT 742 Reimbursement Claim........................................................................................................... 145
MT 742 Scope ................................................................................................................................ 145
MT 742 Format Specifications........................................................................................................145
MT 742 Network Validated Rules ...................................................................................................145
MT 742 Field Specifications ........................................................................................................... 145
MT 744 Notice of Non-Conforming Reimbursement Claim ................................................................153

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MT 744 Scope ................................................................................................................................ 153
MT 744 Format Specifications........................................................................................................153
MT 744 Network Validated Rules ...................................................................................................153

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MT 744 Field Specifications ........................................................................................................... 154
MT 747 Amendment to an Authorisation to Reimburse .....................................................................160
MT 747 Scope ................................................................................................................................ 160
MT 747 Format Specifications........................................................................................................160
MT 747 Network Validated Rules ...................................................................................................160
MT 747 Usage Rules...................................................................................................................... 161
MT 747 Field Specifications ........................................................................................................... 161
MT 750 Advice of Discrepancy........................................................................................................... 167
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MT 750 Scope ................................................................................................................................ 167
MT 750 Format Specifications........................................................................................................167
MT 750 Network Validated Rules ...................................................................................................167
MT 750 Field Specifications ........................................................................................................... 168
MT 752 Authorisation to Pay, Accept or Negotiate.............................................................................174
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MT 752 Scope ................................................................................................................................ 174


MT 752 Format Specifications........................................................................................................174
MT 752 Network Validated Rules ...................................................................................................174
MT 752 Usage Rules...................................................................................................................... 174
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MT 752 Field Specifications ........................................................................................................... 175


MT 754 Advice of Payment/Acceptance/Negotiation .........................................................................182
MT 754 Scope ................................................................................................................................ 182
MT 754 Format Specifications........................................................................................................182
MT 754 Network Validated Rules ...................................................................................................183
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MT 754 Field Specifications ........................................................................................................... 183


MT 756 Advice of Reimbursement or Payment..................................................................................192
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MT 756 Scope ................................................................................................................................ 192


MT 756 Format Specifications........................................................................................................192
MT 756 Network Validated Rules ...................................................................................................192
MT 756 Usage Rules...................................................................................................................... 192
MT 756 Field Specifications ........................................................................................................... 193
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MT 759 Ancillary Trade Structured Message .....................................................................................198


MT 759 Scope ................................................................................................................................ 198
MT 759 Format Specifications........................................................................................................198
MT 759 Network Validated Rules ...................................................................................................198
MT 759 Field Specifications ........................................................................................................... 199
Part 2 Guarantees/Standby Letters of Credit .........................................................................................205
Guarantee/Standby Letter of Credit Message Types .........................................................................206
MT 760 Issue of a Demand Guarantee/Standby Letter of Credit .......................................................208
MT 760 Scope ................................................................................................................................ 208

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Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 760 Format Specifications........................................................................................................208


MT 760 Network Validated Rules ................................................................................................... 211
MT 760 Usage Rules...................................................................................................................... 212
MT 760 Field Specifications ........................................................................................................... 213
MT 761 Issue of a Demand Guarantee/Standby Letter of Credit .......................................................243
MT 765 Guarantee/Standby Letter of Credit Demand........................................................................244
MT 767 Amendment to a Demand Guarantee/Standby Letter of Credit ............................................245
MT 767 Scope ................................................................................................................................ 245

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MT 767 Format Specifications........................................................................................................245
MT 767 Network Validated Rules ...................................................................................................246

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MT 767 Usage Rules...................................................................................................................... 247
MT 767 Field Specifications ........................................................................................................... 247
MT 768 Acknowledgement of a Guarantee/Standby Message ..........................................................262

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MT 769 Advice of Reduction or Release ............................................................................................263
MT 775 Amendment to a Demand Guarantee/Standby Letter of Credit ............................................264
MT 775 Scope ................................................................................................................................ 264
MT 775 Format Specifications........................................................................................................264
MT 775 Network Validated Rules ...................................................................................................264
MT 775 Usage Rules...................................................................................................................... 264

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MT 775 Field Specifications ........................................................................................................... 265
MT 785 Guarantee/Standby Letter of Credit Non Extension Notification ...........................................269
MT 786 Guarantee/Standby Letter of Credit Demand Refusal ..........................................................270

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MT 787 Guarantee/Standby Letter of Credit Amendment Response.................................................271
Part 3 Common Group ........................................................................................................................... 273
Common Group Message Types........................................................................................................274
MT 790 Advice of Charges, Interest and Other Adjustments .............................................................275
MT 791 Request for Payment of Charges, Interest and Other Expenses ..........................................276
MT 792 Request for Cancellation .......................................................................................................277
MT 795 Queries.................................................................................................................................. 278
MT 796 Answers ................................................................................................................................ 279
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MT 798 Proprietary Message ............................................................................................................. 280
MT 799 Free Format Message ........................................................................................................... 281
Glossary of Terms................................................................................................................................... 282
Legal Notices.......................................................................................................................................... 284
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4 Message Reference Guide - Standards Release Guide


Introduction

Introduction

Summary of Changes
Added Message Types

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None

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Removed Message Types

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None

Modified Message Types

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MT 700 on page 11

MT 701 on page 32

MT 707 on page 38

MT 708 on page 64

MT 710 on page 73
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MT 711 on page 95

MT 720 on page 100


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MT 721 on page 120

MT 732 on page 126


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MT 734 on page 129

MT 740 on page 135

MT 742 on page 145


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MT 744 on page 153


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MT 747 on page 160

MT 750 on page 167


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MT 752 on page 174

MT 754 on page 182

MT 756 on page 192

MT 759 on page 198

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Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 760 on page 208

MT 767 on page 245

MT 775 on page 264

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6 Message Reference Guide - Standards Release Guide


Part 1 Documentary Credits

Part 1

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Documentary Credits

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20 December 2019 7
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Documentary Credit Message Types


The following table lists all Documentary Credit message types defined in Category 7.

For each message type, there is a short description, an indicator whether the message type is
signed (Y or N), the maximum message length for input (2,000 or 10,000 characters) and whether

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the use of the message requires registration with SWIFT for use in a message user group (Y or N).

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MT MT Name Purpose Signed (1) Max MUG
Length

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700 Issue of a Indicates the terms and conditions Y 10,000 N
Documentary Credit of a documentary credit

701 Issue of a Continuation of an MT 700 Y 10,000 N


Documentary Credit

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705 Pre-Advice of a Provides brief advice of a Y 2,000 N
Documentary Credit documentary credit for which full
details will follow

707

708
Amendment to a
Documentary Credit

Amendment to a
Documentary Credit
SR
Informs the Receiver of
amendments to the terms and
conditions of a documentary credit

Continuation of an MT 707
Y

Y
10,000

10,000
N

710 Advice of a Third Advises the Receiver of the terms Y 10,000 N


to
Bank's Documentary and conditions of a documentary
Credit credit

711 Advice of a Third Continuation of an MT 710 Y 10,000 N


Bank's Documentary
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Credit

720 Transfer of a Advises the transfer of a Y 10,000 N


Documentary Credit documentary credit, or part thereof,
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to the bank advising the second


beneficiary

721 Transfer of a Continuation of an MT 720 Y 10,000 N


Documentary Credit
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730 Acknowledgement Acknowledges the receipt of a Y 2,000 N


documentary credit message and
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may indicate that the message has


been forwarded according to
instructions. It may also be used to
account for bank charges or to
advise of acceptance or rejection of
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an amendment of a documentary
credit

732 Advice of Discharge Advises that documents received Y 2,000 N


with discrepancies have been taken
up

8 Message Reference Guide - Standards Release Guide


Documentary Credit Message Types

MT MT Name Purpose Signed (1) Max MUG


Length

734 Advice of Refusal Advises the refusal of documents Y 10,000 N


that are not in accordance with the
terms and conditions of a
documentary credit

0
740 Authorisation to Requests the Receiver to honour Y 2,000 N
Reimburse claims for reimbursement of

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payment(s) or negotiation(s) under
a documentary credit

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742 Reimbursement Provides a reimbursement claim to Y 2,000 N
Claim the bank authorised to reimburse
the Sender or its branch for its
payments/negotiations

744 Notice of Non- Notifies the Receiver that the Y 2,000 N

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Conforming Sender considers the claim, on the
Reimbursement face of it, as not to be in
Claim accordance with the instruction in
the Reimbursement Authorisation

747 Amendment to an
Authorisation to
Reimburse
SR
for the reason(s) as stated in this
message

Informs the reimbursing bank of


amendments to the terms and
conditions of a documentary credit,
relative to the authorisation to
Y 2,000 N

reimburse
to
750 Advice of Advises of discrepancies and Y 10,000 N
Discrepancy requests authorisation to honour
documents presented that are not
in accordance with the terms and
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conditions of the documentary


credit

752 Authorisation to Pay, Advises a bank which has Y 2,000 N


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Accept or Negotiate requested authorisation to pay,


accept, negotiate or incur a
deferred payment undertaking that
the presentation of the documents
may be honoured, notwithstanding
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the discrepancies, provided they


are otherwise in order
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754 Advice of Payment/ Advises that documents have been Y 2,000 N


Acceptance/ presented in accordance with the
Negotiation terms of a documentary credit and
are being forwarded as instructed.
This message type also handles
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the payment/negotiation

756 Advice of Advises of the reimbursement or Y 2,000 N


Reimbursement or payment for a drawing under a
Payment documentary credit in which no
specific reimbursement instructions
or payment provisions were given

20 December 2019 9
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT MT Name Purpose Signed (1) Max MUG


Length

759 Ancillary Trade Requests or provides information, Y 10,000 N


Structured Message such as a fraud alert or a financing
request, concerning an existing
trade transaction such as a

0
documentary credit, demand
guarantee, standby letter of credit
or an undertaking (for example, a

2
guarantee, surety, etc.).

(1) A Relationship Management Application (RMA) authorisation is required in order to sign a message.

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Note: A Message User Group (MUG), for the purposes of this book, is a group of users who have
voluntarily agreed to support the specified message type and have registered with SWIFT to send or
receive the specified message type. These messages are indicated in the preceding table in the
column MUG.
Registration is free of charge. To register to use one or more message types, submit a registration

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request (Order Message User Group) through the forms available on www.swift.com > Ordering
& Support > Ordering > Order Products and Services > Message User Group (MUG).
To withdraw from a MUG, use the Terminate your MUG subscription request. These forms are

Message User Group (MUG).

SR
available at www.swift.com > Ordering & Support > Ordering > Terminate and deactivate >

To get the list of other members of a particular MUG, send an MT 999 to the Customer
Implementation team (SWHQBEBBCOS).
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10 Message Reference Guide - Standards Release Guide


MT 700 Issue of a Documentary Credit

MT 700 Issue of a Documentary Credit

MT 700 Scope
This message is sent by the issuing bank to the advising bank.

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It is used to indicate the terms and conditions of a documentary credit which has been originated

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by the Sender (issuing bank).

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MT 700 Format Specifications
MT 700 Issue of a Documentary Credit
Status Tag Field Name Content/Options No.

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M 27 Sequence of Total 1!n/1!n 1

M 40A Form of Documentary Credit 24x 2

M
20

23

31C

40E
Documentary Credit Number

Reference to Pre-Advice

Date of Issue

Applicable Rules
SR 16x

16x

6!n

30x[/35x]
3

6
to
M 31D Date and Place of Expiry 6!n29x 7

O 51a Applicant Bank A or D 8

M 50 Applicant 4*35x 9
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M 59 Beneficiary [/34x] 10
4*35x

M 32B Currency Code, Amount 3!a15d 11


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O 39A Percentage Credit Amount Tolerance 2n/2n 12

O 39C Additional Amounts Covered 4*35x 13

M 41a Available With ... By ... A or D 14


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O 42C Drafts at ... 3*35x 15


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O 42a Drawee A or D 16

O 42M Mixed Payment Details 4*35x 17

O 42P Negotiation/Deferred Payment Details 4*35x 18


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O 43P Partial Shipments 11x 19

O 43T Transhipment 11x 20

O 44A Place of Taking in Charge/Dispatch from .../Place 65x 21


of Receipt

O 44E Port of Loading/Airport of Departure 65x 22

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Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Status Tag Field Name Content/Options No.

O 44F Port of Discharge/Airport of Destination 65x 23

O 44B Place of Final Destination/For Transportation to 65x 24


.../Place of Delivery

O 44C Latest Date of Shipment 6!n 25

0
O 44D Shipment Period 6*65x 26

2
O 45A Description of Goods and/or Services 100*65z 27

O 46A Documents Required 100*65z 28

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O 47A Additional Conditions 100*65z 29

O 49G Special Payment Conditions for Beneficiary 100*65z 30

O 49H Special Payment Conditions for Bank Only 100*65z 31 |


Receiving Bank

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O 71D Charges 6*35z 32

O 48 Period for Presentation in Days 3n[/35x] 33

O
49

58a

53a
Confirmation Instructions

Requested Confirmation Party

Reimbursing Bank
SR 7!x

A or D

A or D
34

35

36

O 78 Instructions to the Paying/Accepting/Negotiating 12*65x 37


to
Bank

O 57a 'Advise Through' Bank A, B, or D 38

O 72Z Sender to Receiver Information 6*35z 39


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M = Mandatory, O = Optional - Network Validated Rules may apply

MT 700 Network Validated Rules


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C1 When used, fields 42C and 42a must both be present (Error code(s): C90).
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C2 Either fields 42C and 42a together, or field 42M alone, or field 42P alone may be present. No other
combination of these fields is allowed (Error code(s): C90).
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C3 Either field 44C or 44D, but not both, may be present (Error code(s): D06).

MT 700 Usage Rules


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• When the documentary credit message exceeds the maximum input message length, additional
documentary credit information should be transmitted via one or more MTs 701. Up to seven
MTs 701 may be sent in addition to the MT 700.

• Information conveyed in a designated field in the MT 700 must not be repeated in any related
MT 701. Information in any related MT 701 must not conflict with any information that is present
in this MT 700.

12 Message Reference Guide - Standards Release Guide


MT 700 Issue of a Documentary Credit

• Unless otherwise specified, a documentary credit advised to the beneficiary or another advising
bank based on a SWIFT message constitutes an operative credit instrument.

• To avoid misunderstandings, where possible, banks are to use identifier codes rather than
expressions such as ourselves ,yourselves ,us, or you.

• The advising bank must advise a documentary credit, including all its details, in a way that is
clear and unambiguous to the beneficiary.

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MT 700 Field Specifications

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1. Field 27: Sequence of Total
FORMAT

1!n/1!n (Number)(Total)

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PRESENCE

Mandatory

DEFINITION
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This field specifies the number of this message in the series of messages sent for a documentary
credit, and the total number of messages in the series.
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NETWORK VALIDATED RULES

Number must have the fixed value of 1 and Total must have a value in the range 1 to 8 (Error
code(s): T75).
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2. Field 40A: Form of Documentary Credit


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FORMAT

Option A 24x (Type)

PRESENCE
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Mandatory
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DEFINITION

This field specifies the type of credit.


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CODES

Type must contain one of the following codes (Error code(s): T60):

IRREVOCABLE The documentary credit is irrevocable

IRREVOCABLE TRANSFERABLE The documentary credit is irrevocable and transferable

20 December 2019 13
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

USAGE RULES

Details of any special conditions applying to the transferability of the credit and/or the bank
authorised to transfer the credit in a freely negotiable credit should be included in field 47A
Additional Conditions.

3. Field 20: Documentary Credit Number

0
FORMAT

2
16x

20
PRESENCE

Mandatory

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DEFINITION

This field specifies the documentary credit number which has been assigned by the Sender.

NETWORK VALIDATED RULES

SR
This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

4. Field 23: Reference to Pre-Advice


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FORMAT

16x
m

PRESENCE

Optional
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DEFINITION

Use of this field indicates that the documentary credit has been pre-advised.
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USAGE RULES
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This field must contain the code PREADV followed by a slash '/' and a reference to the pre-advice,
for example, by date.

5. Field 31C: Date of Issue


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FORMAT

Option C 6!n (Date)

14 Message Reference Guide - Standards Release Guide


MT 700 Issue of a Documentary Credit

PRESENCE

Mandatory

DEFINITION

This field specifies the date on which the issuing bank (Sender) considers the documentary credit

0
as being issued.

2
NETWORK VALIDATED RULES

Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

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6. Field 40E: Applicable Rules
FORMAT

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Option E 30x[/35x] (Applicable Rules)(Narrative)

PRESENCE

Mandatory

DEFINITION
SR
This field specifies the rules the credit is subject to.
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CODES

Applicable Rules must contain one of the following codes (Error code(s): T59):
m

EUCP LATEST VERSION The credit is subject to the version of the Supplement of the
ICC Uniform Customs and Practice for Documentary Credits
for Electronic Presentations, International Chamber of
Commerce, Paris, France, which is in effect on the date of
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issue.

EUCPURR LATEST VERSION The credit is subject to the version of the Supplement of the
ICC Uniform Customs and Practice for Documentary Credits
for Electronic Presentations, International Chamber of
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Commerce, Paris, France, which is in effect on the date of


issue. The reimbursement is subject to the version of the
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Uniform Rules for Bank-to-Bank Reimbursements,


International Chamber of Commerce, Paris, France, which is in
effect on the date of issue.

OTHR The credit is subject to another set of rules, or the credit is not
subject to the version of the rules that is in effect on the date of
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issue, these must be specified in Narrative (2nd subfield).

UCP LATEST VERSION The credit is subject to the version of the ICC Uniform
Customs and Practice for Documentary Credits, International
Chamber of Commerce, Paris, France, which is in effect on the
date of issue.

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Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

UCPURR LATEST VERSION The credit is subject to the version of the ICC Uniform
Customs and Practice for Documentary Credits, International
Chamber of Commerce, Paris, France, which is in effect on the
date of issue. The reimbursement is subject to the version of
the Uniform Rules for Bank-to-Bank Reimbursements under
documentary credits, International Chamber of Commerce,
Paris, France, which is in effect on the date of issue.

0
NETWORK VALIDATED RULES

2
Narrative is only allowed if Applicable Rules is OTHR (Error code(s): D81).

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7. Field 31D: Date and Place of Expiry
FORMAT

Option D 6!n29x (Date)(Place)

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PRESENCE

Mandatory

DEFINITION SR
This field specifies the latest date for presentation under the documentary credit and the place
where documents may be presented.
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NETWORK VALIDATED RULES

Date must contain a valid date expressed as YYMMDD (Error code(s): T50).
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8. Field 51a: Applicant Bank


FORMAT
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Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)
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4*35x (Name and Address)


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PRESENCE

Optional

DEFINITION
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This field specifies the bank of the applicant customer, if different from the issuing bank.

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

16 Message Reference Guide - Standards Release Guide


MT 700 Issue of a Documentary Credit

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

9. Field 50: Applicant

0
FORMAT

4*35x (Name and Address)

2
PRESENCE

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Mandatory

DEFINITION

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This field specifies the party on behalf of which the documentary credit is being issued.

10. Field 59: Beneficiary


FORMAT

[/34x]
4*35x
(Account) SR
(Name and Address)

PRESENCE
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Mandatory

DEFINITION
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This field specifies the party in favour of which the documentary credit is being issued.

11. Field 32B: Currency Code, Amount


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FORMAT

Option B 3!a15d (Currency)(Amount)


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PRESENCE
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Mandatory

DEFINITION
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This field contains the currency code and amount of the documentary credit.

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

20 December 2019 17
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

USAGE RULES

Special information relative to the amount of the credit must be specified in field 39A Percentage

0
Credit Amount Tolerance or field 39C Additional Amounts Covered.

2
12. Field 39A: Percentage Credit Amount Tolerance

20
FORMAT

Option A 2n/2n (Tolerance 1)(Tolerance 2)

PRESENCE

G
Optional

DEFINITION

and/or minus that amount.

USAGE RULES
SR
This field specifies the tolerance relative to the documentary credit amount as a percentage plus
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Tolerance 1 specifies a positive tolerance, the Tolerance 2 specifies a negative tolerance.

13. Field 39C: Additional Amounts Covered


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FORMAT

Option C 4*35x (Narrative)


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PRESENCE

Optional
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DEFINITION

This field specifies any additional amounts available to the beneficiary under the terms of the credit,
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such as insurance, freight, interest, etc.

14. Field 41a: Available With ... By ...


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FORMAT

Option A 4!a2!a2!c[3!c] (Identifier Code)


14x (Code)
Option D 4*35x (Name and Address)
14x (Code)

18 Message Reference Guide - Standards Release Guide


MT 700 Issue of a Documentary Credit

PRESENCE

Mandatory

DEFINITION

This field identifies the bank with which the credit is available (the place for presentation) and an

0
indication of how the credit is available.

2
CODES

In option A or D, Code must contain one of the following codes (Error code(s): T68):

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BY ACCEPTANCE

BY DEF PAYMENT

BY MIXED PYMT

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BY NEGOTIATION

BY PAYMENT

NETWORK VALIDATED RULES


SR
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
to
Live destinations and Test & Training destinations (Error code(s): C05).

USAGE RULES
m

For credits subject to eUCP:

• If presentation of both electronic records and paper documents is allowed, the place for
presentation of the electronic records (that is, the electronic address to which presentation must
du

be made) as well as the place for presentation of the paper documents must be specified in
field 47A and not in this field.

• If presentation of only electronic records is allowed, the place for presentation of the electronic
records (that is, the electronic address to which presentation must be made) must be specified
n

in field 47A and not in this field.


de

If the credit is to be freely negotiable by any bank, option D must be used with the phrase Any
bank in ... (city or country). If the credit is to be freely negotiable by any bank anywhere in the
world, an indication of country is not required.
Ad

When Code contains either BY DEF PAYMENT or BY MIXED PYMT, the specific details of the
payment terms must be specified in field 42P and 42M respectively.

When Code contains BY PAYMENT, this should be understood to mean payment at sight.

20 December 2019 19
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

15. Field 42C: Drafts at ...


FORMAT

Option C 3*35x (Narrative)

0
PRESENCE

Conditional (see rules C1 and C2)

2
DEFINITION

20
This field specifies the tenor of drafts to be drawn under the documentary credit.

16. Field 42a: Drawee

G
FORMAT

Option A [/1!a][/34x] (Party Identifier)

SR
4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

PRESENCE

Conditional (see rules C1 and C2)


to
DEFINITION

This field identifies the drawee of the drafts to be drawn under the documentary credit.
m

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
du

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).
n

USAGE RULES
de

The drawee must be a bank. If drafts on the applicant are required, they are to be listed as
documents in field 46A.

The Party Identifier must not be present.


Ad

17. Field 42M: Mixed Payment Details


FORMAT

Option M 4*35x (Narrative)

20 Message Reference Guide - Standards Release Guide


MT 700 Issue of a Documentary Credit

PRESENCE

Conditional (see rule C2)

DEFINITION

This field specifies the payment dates, amounts and/or method for their determination in a

0
documentary credit which is available by mixed payment.

2
18. Field 42P: Negotiation/Deferred Payment Details

20
FORMAT

Option P 4*35x (Narrative)

PRESENCE

G
Conditional (see rule C2)

DEFINITION

SR
This field specifies the payment date or method for its determination in a documentary credit which
is available by deferred payment or negotiation only.

19. Field 43P: Partial Shipments


to
FORMAT

Option P 11x (Code)


m

PRESENCE

Optional
du

DEFINITION

This field specifies whether or not partial shipments are allowed under the documentary credit.
n

CODES

Code must contain one of the following codes (Error code(s): T64):
de

ALLOWED Allowed under the documentary credit.

CONDITIONAL Conditional based on conditions specified elsewhere in the message.


Ad

NOT ALLOWED Not allowed under the documentary credit.

20. Field 43T: Transhipment


FORMAT

Option T 11x (Code)

20 December 2019 21
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Optional

DEFINITION

This field specifies whether or not transhipment is allowed under the documentary credit.

0
CODES

2
Code must contain one of the following codes (Error code(s): T65):

20
ALLOWED Allowed under the documentary credit.

CONDITIONAL Conditional based on conditions specified elsewhere in the message.

NOT ALLOWED Not allowed under the documentary credit.

G
21. Field 44A: Place of Taking in Charge/Dispatch from .../Place of
Receipt
FORMAT

Option A

PRESENCE
65x
SR (Narrative)
to
Optional

DEFINITION
m

This field specifies the place of taking in charge (in case of a multimodal transport document), the
place of receipt (in case of a road, rail or inland waterway transport document or a courier or
expedited delivery service document), the place of dispatch or the place of shipment to be
indicated on the transport document.
du

22. Field 44E: Port of Loading/Airport of Departure


n

FORMAT

Option E 65x (Narrative)


de

PRESENCE

Optional
Ad

DEFINITION

This field specifies the port of loading or airport of departure to be indicated on the transport
document.

22 Message Reference Guide - Standards Release Guide


MT 700 Issue of a Documentary Credit

23. Field 44F: Port of Discharge/Airport of Destination


FORMAT

Option F 65x (Narrative)

0
PRESENCE

Optional

2
DEFINITION

20
This field specifies the port of discharge or airport of destination to be indicated on the transport
document.

24. Field 44B: Place of Final Destination/For Transportation to .../Place

G
of Delivery
FORMAT

Option B

PRESENCE

Optional
65x

SR (Narrative)
to
DEFINITION

This field specifies the final destination or place of delivery to be indicated on the transport
document.
m

25. Field 44C: Latest Date of Shipment


du

FORMAT

Option C 6!n (Date)


n

PRESENCE

Conditional (see rule C3)


de

DEFINITION

This field specifies the latest date for loading on board/dispatch/taking in charge.
Ad

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).

20 December 2019 23
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

26. Field 44D: Shipment Period


FORMAT

Option D 6*65x (Narrative)

0
PRESENCE

Conditional (see rule C3)

2
DEFINITION

20
This field specifies the period of time during which the goods are to be loaded on board/
despatched/taken in charge.

27. Field 45A: Description of Goods and/or Services

G
FORMAT

SR
Option A 100*65z (Narrative)

PRESENCE

Optional

DEFINITION
to
This field contains a description of the goods and/or services.

USAGE RULES
m

Terms such as FOB, CIF, etc. should be specified in this field.

The specification of each new item should begin on a new line, preceded by the sign '+' or
du

numbered using +1), +2), etc.

28. Field 46A: Documents Required


n

FORMAT
de

Option A 100*65z (Narrative)

PRESENCE

Optional
Ad

DEFINITION

This field contains a description of any documents required.

24 Message Reference Guide - Standards Release Guide


MT 700 Issue of a Documentary Credit

USAGE RULES

When the ultimate date of issue of a transport document is specified, it is to be specified with the
relative document in this field.

For credits subject to eUCP, the format in which electronic records are to be presented must be
specified in this field.

0
The specification of each new item should begin on a new line, preceded by the sign '+' or

2
numbered using +1), +2), etc.

20
29. Field 47A: Additional Conditions
FORMAT

Option A 100*65z (Narrative)

G
PRESENCE

Optional

DEFINITION
SR
This field contains a description of further conditions of the documentary credit.

USAGE RULES
to
Where applicable, for credits subject to eUCP:

• If presentation of both electronic records and paper documents is allowed, the place for
presentation of the electronic records (that is, the electronic address to which presentation must
m

be made) as well as the place for presentation of the paper documents must be specified in this
field.

• If presentation of only electronic records is allowed, the place for presentation of the electronic
du

records (that is, the electronic address to which presentation must be made) must be specified
in this field.

• If not already part of the original documentary credit, the advising bank, that is, the receiver of
the message, must provide the beneficiary or another advising bank with the electronic address
n

of the issuing bank. Furthermore, the advising bank must provide the beneficiary or another
advising bank with the electronic address where they wish the electronic records to be
de

presented.

The specification of each new item should begin on a new line, preceded by the sign '+' or
numbered using +1), +2), etc.
Ad

30. Field 49G: Special Payment Conditions for Beneficiary


FORMAT

Option G 100*65z (Narrative)

20 December 2019 25
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Optional

DEFINITION

This field specifies special payment conditions applicable to the beneficiary, for example, post-

0
financing request/conditions.

2
31. Field 49H: Special Payment Conditions for Receiving Bank Only |

20
FORMAT

Option H 100*65z (Narrative)

PRESENCE

G
Optional

DEFINITION

SR
This field specifies special payment conditions applicable to athe receiving bank without disclosure
to the beneficiary, for example, post-financing request/conditions. Content of the field must specify
to which for receiving bank it is addressedonly .
|
|
|

32. Field 71D: Charges


to
FORMAT

Option D 6*35z (Narrative)


m

In addition to narrative text, the following line formats may be used:

Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)


du

Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)


or or
[//continuation of additional information] (Narrative)
n

PRESENCE
de

Optional

DEFINITION

This field may be used only to specify charges to be borne by the beneficiary.
Ad

CODES

One or more of the following codes may be used in Code, followed by the currency code and
amount:

AGENT Agent's Commission

26 Message Reference Guide - Standards Release Guide


MT 700 Issue of a Documentary Credit

COMM Our Commission

CORCOM Our Correspondent's Commission

DISC Commercial Discount

INSUR Insurance Premium

0
POST Our Postage

STAMP Stamp Duty

2
TELECHAR Teletransmission Charges

20
WAREHOUS Wharfing and Warehouse

USAGE RULES

In the absence of this field, all charges, except negotiation and transfer charges, are to be borne by
the applicant.

G
Any code used in this field must be between slashes and must appear at the beginning of a line.

information in the field.

33. Field 48: Period for Presentation in Days


SR
Narrative text must not begin with a slash and, if used, must begin on a new line and be the last

FORMAT
to
3n[/35x] (Days)(Narrative)

PRESENCE
m

Optional

DEFINITION
du

This field specifies the number of calendar days after the date of shipment within which the
documents must be presented for payment, acceptance, or negotiation. Narrative must only be
used to specify another type of date than a shipment date, for example invoice date, from which the
period for presentation begins.
n

USAGE RULES
de

The absence of this field means that the presentation period is 21 days after the date of shipment,
where applicable.
Ad

34. Field 49: Confirmation Instructions


FORMAT

7!x (Instruction)

20 December 2019 27
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Mandatory

DEFINITION

This field contains confirmation instructions for the requested confirmation party.

0
CODES

2
Instruction must contain one of the following codes (Error code(s): T67):

20
CONFIRM The requested confirmation party is requested to confirm the credit

MAY ADD The requested confirmation party may add its confirmation to the credit

WITHOUT No confirmation is requested

G
35. Field 58a: Requested Confirmation Party
FORMAT

Option A

Option D
[/1!a][/34x]
4!a2!a2!c[3!c]
[/1!a][/34x]
4*35x
SR (Party Identifier)
(Identifier Code)
(Party Identifier)
(Name and Address)
to
PRESENCE

Optional
m

DEFINITION

Bank which is requested to add its confirmation or may add its confirmation.
du

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
n

referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).
de

USAGE RULES

Field must be present if confirmation instructions is MAY ADD or CONFIRM.


Ad

36. Field 53a: Reimbursing Bank


FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)

28 Message Reference Guide - Standards Release Guide


MT 700 Issue of a Documentary Credit

Option D [/1!a][/34x] (Party Identifier)


4*35x (Name and Address)

PRESENCE

Optional

0
DEFINITION

2
This field specifies the name of the bank which has been authorised by the Sender to reimburse
drawings under the documentary credit. This may be a branch of the Sender or the Receiver, or an

20
entirely different bank.

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

G
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

USAGE RULES

SR
With the exception of a credit valid for negotiation, if there is a single direct account relationship, in
the currency of the credit, between the Sender and the Receiver, the absence of field 53a means
that this account relationship will be used for reimbursement.
to
37. Field 78: Instructions to the Paying/Accepting/Negotiating Bank
FORMAT
m

12*65x (Narrative)

PRESENCE
du

Optional

DEFINITION
n

This field specifies instructions to the paying, accepting or negotiating bank. It may also indicate if
pre-notification of a reimbursement claim or pre-debit notification to the issuing bank is required.
de

USAGE RULES

When used to indicate pre-notification of a reimbursement claim or pre-debit notification to the


issuing bank is required, the number and type of days, that is, banking or calendar days, within
Ad

which the issuing bank has to be notified should also be indicated.

20 December 2019 29
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

38. Field 57a: 'Advise Through' Bank


FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)

0
Option B [/1!a][/34x] (Party Identifier)
[35x] (Location)
Option D [/1!a][/34x] (Party Identifier)

2
4*35x (Name and Address)

20
PRESENCE

Optional

DEFINITION

G
This field identifies the bank, if different from the Receiver, through which the documentary credit is
to be advised/confirmed to the beneficiary.

NETWORK VALIDATED RULES

SR
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
to
Live destinations and Test & Training destinations (Error code(s): C05).

39. Field 72Z: Sender to Receiver Information


m

FORMAT

Option Z 6*35z (Narrative)


du

In addition to narrative text, structured text with the following line formats may be used:

Line 1 /8c/[additional information] (Code)(Narrative)


Lines 2-6 [/8c/[additional information]] (Code)(Narrative)
n

or or
[//continuation of additional information] (Narrative)
de

PRESENCE

Optional
Ad

DEFINITION

This field specifies additional information for the Receiver.

CODES

One or more of the following codes may be used in Code:

30 Message Reference Guide - Standards Release Guide


MT 700 Issue of a Documentary Credit

PHONBEN Telephone Please advise/contact beneficiary by phone.


beneficiary

TELEBEN Telecommunication Please advise the beneficiary by the most efficient means of
telecommunication.

USAGE RULES

0
Any code must be between slashes and must appear at the beginning of a line.

2
Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

20
G
SR
to
m
n du
de
Ad

20 December 2019 31
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 701 Issue of a Documentary Credit

MT 701 Scope
This message is sent by the issuing bank to the advising bank.

0
It is used to indicate the terms and conditions of a documentary credit which has been originated

2
by the Sender (issuing bank).

This message is sent in addition to an MT 700 Issue of a Documentary Credit, when the

20
information in the documentary credit exceeds the maximum input message length of the MT 700.

MT 701 Format Specifications

G
MT 701 Issue of a Documentary Credit
Status Tag Field Name Content/Options No.

SR
M 27 Sequence of Total 1!n/1!n 1

M 20 Documentary Credit Number 16x 2

O 45A Description of Goods and/or Services 100*65z 3

O 46A Documents Required 100*65z 4

O 47A Additional Conditions 100*65z 5


to
O 49G Special Payment Conditions for Beneficiary 100*65z 6

O 49H Special Payment Conditions for Bank Only 100*65z 7 |


Receiving Bank
m

M = Mandatory, O = Optional - Network Validated Rules may apply


du

MT 701 Network Validated Rules


There are no network validated rules for this message type.
n

MT 701 Usage Rules


de

• Any rules the credit is subject to must be indicated in field 40E of the MT 700 this message
relates to.

• When the documentary credit message exceeds the maximum input message length, additional
documentary credit information should be transmitted via one or more MTs 701. Up to seven
Ad

MTs 701 may be sent in addition to the MT 700.

• Information conveyed in a designated field in this message must not repeat information in the
same field in the related MT 700. Information in this message must not conflict with any
information that is present in the related MT 700.

• Unless otherwise specified, a documentary credit advised to the beneficiary or another advising
bank based on a SWIFT message constitutes an operative credit instrument.

32 Message Reference Guide - Standards Release Guide


MT 701 Issue of a Documentary Credit

• To avoid misunderstandings, where possible, banks are to use identifier codes rather than
expressions such as ourselves ,yourselves ,us, or you.

• The advising bank must advise a documentary credit, including all its details, in a way that is
clear and unambiguous to the beneficiary.

MT 701 Field Specifications

2 0
1. Field 27: Sequence of Total

20
FORMAT

1!n/1!n (Number)(Total)

PRESENCE

G
Mandatory

DEFINITION

SR
This field specifies the number of this message in the series of messages sent for a documentary
credit, and the total number of messages in the series.

NETWORK VALIDATED RULES

Number and Total must have a value in the range 2 to 8 and Number must be less than or equal to
to
Total (Error code(s): T75).

USAGE RULES
m

Number must have a value of 2 for the first MT 701, and must be incremented by 1 for each
subsequent MT 701, up to a maximum of seven MTs 701.

2. Field 20: Documentary Credit Number


du

FORMAT

16x
n

PRESENCE
de

Mandatory

DEFINITION
Ad

This field specifies the documentary credit number which has been assigned by the Sender.

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

20 December 2019 33
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

USAGE RULES

This field must be the same as field 20 in the related MT 700.

3. Field 45A: Description of Goods and/or Services

0
FORMAT

Option A 100*65z (Narrative)

2
PRESENCE

20
Optional

DEFINITION

This field contains a description of the goods and/or services.

G
USAGE RULES

SR
Terms such as FOB, CIF, etc. should be specified in this field.

The specification of each new item should begin on a new line, preceded by the sign '+' or
numbered using +1), +2), etc.

4. Field 46A: Documents Required


to
FORMAT

Option A 100*65z (Narrative)


m

PRESENCE

Optional
du

DEFINITION

This field contains a description of any documents required.


n

USAGE RULES
de

When the ultimate date of issue of a transport document is specified, it is to be specified with the
relative document in this field.

For credits subject to eUCP, the format in which electronic records are to be presented must be
Ad

specified in this field.

The specification of each new item should begin on a new line, preceded by the sign '+' or
numbered using +1), +2), etc.

34 Message Reference Guide - Standards Release Guide


MT 701 Issue of a Documentary Credit

5. Field 47A: Additional Conditions


FORMAT

Option A 100*65z (Narrative)

0
PRESENCE

Optional

2
DEFINITION

20
This field contains a description of further conditions of the documentary credit.

USAGE RULES

Where applicable, for credits subject to eUCP:

G
• If presentation of both electronic records and paper documents is allowed, the place for
presentation of the electronic records (that is, the electronic address to which presentation must

SR
be made) as well as the place for presentation of the paper documents must be specified in this
field.

• If presentation of only electronic records is allowed, the place for presentation of the electronic
records (that is, the electronic address to which presentation must be made) must be specified
in this field.
to
• If not already part of the original documentary credit, the advising bank, that is, the receiver of
the message, must provide the beneficiary or another advising bank with the electronic address
of the issuing bank. Furthermore, the advising bank must provide the beneficiary or another
advising bank with the electronic address where they wish the electronic records to be
presented.
m

The specification of each new item should begin on a new line, preceded by the sign '+' or
numbered using +1), +2), etc.
du

6. Field 49G: Special Payment Conditions for Beneficiary


FORMAT
n

Option G 100*65z (Narrative)


de

PRESENCE

Optional
Ad

DEFINITION

This field specifies special payment conditions applicable to the beneficiary, for example, post-
financing request/conditions.

20 December 2019 35
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

7. Field 49H: Special Payment Conditions for Receiving Bank Only |


FORMAT

Option H 100*65z (Narrative)

0
PRESENCE

Optional

2
DEFINITION

20
This field specifies special payment conditions applicable to athe receiving bank without disclosure |
to the beneficiary, for example, post-financing request/conditions. Content of the field must specify |
to which for receiving bank it is addressedonly . |

G
SR
to
m
n du
de
Ad

36 Message Reference Guide - Standards Release Guide


MT 705 Pre-Advice of a Documentary Credit

MT 705 Pre-Advice of a Documentary Credit


This message type has not changed since the Advance information for Standards MT release 2020
published on 8 February 2019.

2 0
20
G
SR
to
m
n du
de
Ad

20 December 2019 37
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 707 Amendment to a Documentary Credit

MT 707 Scope
This message is sent by the issuing bank to the advising bank. It may also be sent by an advising

0
bank to another advising bank or by a transferring bank to an advising bank.

2
It is used to inform the Receiver about amendments to the terms and conditions of a documentary
credit issued by the Sender or by a third bank.

20
The amendment is to be considered as part of the documentary credit, unless the MT 707 is used
to convey only brief details of the amendment, details of which are to follow.

MT 707 Format Specifications

G
MT 707 Amendment to a Documentary Credit
Status Tag Field Name Content/Options No.

M
27

20

21
Sequence of Total

Sender's Reference

Receiver's Reference
SR 1!n/1!n

16x

16x
1

M 23 Issuing Bank's Reference 16x 4


to
O 52a Issuing Bank A or D 5

O 50B Non-Bank Issuer 4*35x 6

M 31C Date of Issue 6!n 7


m

M 26E Number of Amendment 3n 8

M 30 Date of Amendment 6!n 9


du

M 22A Purpose of Message 4!c 10

O 23S Cancellation Request 6!a 11

O 40A Form of Documentary Credit 24x 12


n

O 40E Applicable Rules 30x[/35x] 13


de

O 31D Date and Place of Expiry 6!n29x 14

O 50 Changed Applicant Details 4*35x 15

O 59 Beneficiary [/34x] 16
Ad

4*35x

O 32B Increase of Documentary Credit Amount 3!a15d 17

O 33B Decrease of Documentary Credit Amount 3!a15d 18

O 39A Percentage Credit Amount Tolerance 2n/2n 19

O 39C Additional Amounts Covered 4*35x 20

38 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

Status Tag Field Name Content/Options No.

O 41a Available With ... By ... A or D 21

O 42C Drafts at ... 3*35x 22

O 42a Drawee A or D 23

0
O 42M Mixed Payment Details 4*35x 24

O 42P Negotiation/Deferred Payment Details 4*35x 25

2
O 43P Partial Shipments 11x 26

20
O 43T Transhipment 11x 27

O 44A Place of Taking in Charge/Dispatch from .../Place 65x 28


of Receipt

O 44E Port of Loading/Airport of Departure 65x 29

G
O 44F Port of Discharge/Airport of Destination 65x 30

O 44B Place of Final Destination/For Transportation to 65x 31


.../Place of Delivery

O
44C

44D

45B
Latest Date of Shipment

Shipment Period SR
Description of Goods and/or Services
6!n

6*65x

100*65z
32

33

34

O 46B Documents Required 100*65z 35


to
O 47B Additional Conditions 100*65z 36

O 49M Special Payment Conditions for Beneficiary 100*65z 37

O 49N Special Payment Conditions for Bank Only 100*65z 38 |


m

Receiving Bank

O 71D Charges 6*35z 39


du

O 71N Amendment Charge Payable By 4!c 40


[6*35z]

O 48 Period for Presentation in Days 3n[/35x] 41


n

O 49 Confirmation Instructions 7!x 42

O 58a Requested Confirmation Party A or D 43


de

O 53a Reimbursing Bank A or D 44

O 78 Instructions to the Paying/Accepting/Negotiating 12*65x 45


Bank
Ad

O 57a 'Advise Through' Bank A, B, or D 46

O 72Z Sender to Receiver Information 6*35z 47

M = Mandatory, O = Optional - Network Validated Rules may apply

20 December 2019 39
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 707 Network Validated Rules


C1 At least one field must be present after field 22A (Error code(s): C30).

C2 Either field 32B or field 33B may be present, but not both (Error code(s): C12).

C3 Either field 50B or field 52a, but not both, must be present (Error code(s): C06).

0
C4 Either field 44C or 44D, but not both, may be present (Error code(s): D06).

2
20
MT 707 Usage Rules
• When the amendment to a documentary credit message exceeds the maximum input message
length, additional amendment to a documentary credit information should be transmitted via one
or more MTs 708. Up to seven MTs 708 may be sent in addition to the MT 707.

G
• Terms and conditions which are not mentioned in the amendment message remain unchanged.

• Unless otherwise specified, the MT 707 is intended to form part of the operative instrument.

in this MT 707. SR
• Information conveyed in a designated field in the MT 707 must not be repeated in any related
MT 708. Information in any related MT 708 must not conflict with any information that is present

• The cancellation of a documentary credit takes the form of an amendment. The MT 707 must
therefore be used.
to
• The specific fields for amendments must be used. Field 22A identifies the purpose of the
message. All fields up to 22A are used to identify the documentary credit and to identify the
amendment. Fields after 22A specify details of the amendment. Only those fields that require
amendment must be present.
m

• When an MT 707 conveys the actual and complete amendment, it is intended to form part of the
operative instrument.
du

• When an MT 707 is used to convey only brief details which are not intended to form part of the
operative instrument, field 72Z must contain the phrase DETAILS TO FOLLOW.

• If the amendment contains reimbursement instructions which were not previously indicated in
the original credit and unless otherwise specified, reimbursements under the Documentary
n

credit issued are, if applicable, subject to the Uniform Rules for Bank-to-Bank Reimbursements
under documentary credits, International Chamber of Commerce, Paris, France, which are in
effect on the date of issue. The advising bank, that is, the Receiver of the message, should,
de

where applicable, inform the nominated bank when the reimbursement is subject to ICC URR.
In case of a freely negotiable credit this should be done by informing the beneficiary.

• When an amendment requires the deletion of a text field (for example, 42M, 44A, 44E), the
Ad

corresponding field must be included and must contain the text "DELETE". If it is not a text field,
then the removal of the field must be indicated in 47B.

40 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

MT 707 Field Specifications


1. Field 27: Sequence of Total
FORMAT

0
1!n/1!n (Number)(Total)

2
PRESENCE

20
Mandatory

DEFINITION

This field specifies the number of this message in the series of messages sent for a documentary
credit amendment, and the total number of messages in the series.

G
NETWORK VALIDATED RULES

code(s): T75).

2. Field 20: Sender's Reference


SR
Number must have the fixed value of 1 and Total must have a value in the range 1 to 8 (Error

FORMAT
to
16x

PRESENCE
m

Mandatory

DEFINITION
du

This field specifies the reference assigned by the Sender to unambiguously identify the message.

NETWORK VALIDATED RULES


n

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
de

3. Field 21: Receiver's Reference


FORMAT
Ad

16x

PRESENCE

Mandatory

20 December 2019 41
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field contains the reference number assigned to the documentary credit by the Receiver of the
message.

NETWORK VALIDATED RULES

0
This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

2
USAGE RULES

20
If the Receiver's reference is not known, NONREF must be used in this field.

4. Field 23: Issuing Bank's Reference


FORMAT

G
16x

PRESENCE

Mandatory

DEFINITION
SR
This field specifies the documentary credit number which was assigned by the issuing bank.
to
5. Field 52a: Issuing Bank
FORMAT
m

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
du

Option D [/1!a][/34x] (Party Identifier)


4*35x (Name and Address)

PRESENCE
n

Conditional (see rule C3)


de

DEFINITION

This field specifies the issuing bank.


Ad

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

42 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

USAGE RULES

When the MT 707 is used to advise a bank of amendments to a documentary credit by a third
bank, this field must specify the issuing bank.

6. Field 50B: Non-Bank Issuer

0
FORMAT

2
Option B 4*35x (Name and Address)

20
PRESENCE

Conditional (see rule C3)

DEFINITION

G
This field specifies the non-bank issuer of the credit.

7. Field 31C: Date of Issue


FORMAT

Option C 6!n
SR (Date)

PRESENCE
to
Mandatory

DEFINITION
m

This field specifies the date of the original issue of the documentary credit, that is, the date on
which the issuing bank considers the documentary credit as being issued.
du

NETWORK VALIDATED RULES

Date must contain a valid date expressed as YYMMDD (Error code(s): T50).
n

8. Field 26E: Number of Amendment


de

FORMAT

Option E 3n
Ad

PRESENCE

Mandatory

DEFINITION

This field specifies the sequence number that identifies this amendment.

20 December 2019 43
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

9. Field 30: Date of Amendment


FORMAT

6!n (Date)

0
PRESENCE

Mandatory

2
DEFINITION

20
This field specifies the date on which the issuing bank considers the documentary credit as being
amended.

NETWORK VALIDATED RULES

G
Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

10. Field 22A: Purpose of Message


FORMAT

Option A 4!c
SR (Purpose)

PRESENCE
to
Mandatory

DEFINITION
m

This field specifies the purpose of this message.

CODES
du

Purpose must contain one of the following codes (Error code(s): T36):

ACNF Advice and confirmation of the credit amendment. The sender advises and confirms the
n

amendment.

ADVI Advice of the credit amendment. The sender advises the amendment.
de

ISSU Issuance of the credit amendment. The sender issues the amendment.

11. Field 23S: Cancellation Request


Ad

FORMAT

Option S 6!a (Request)

PRESENCE

Conditional (see rule C1)

44 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

DEFINITION

This field specifies that the instrument is requested to be cancelled.

CODES

Request must contain the following code (Error code(s): T93):

0
CANCEL This is a request to cancel the instrument

2
12. Field 40A: Form of Documentary Credit

20
FORMAT

Option A 24x (Type)

G
PRESENCE

Conditional (see rule C1)

DEFINITION

CODES
SR
This field specifies the type of credit, if changed.
to
Type must contain one of the following codes (Error code(s): T60):

IRREVOCABLE The documentary credit is irrevocable

IRREVOCABLE TRANSFERABLE The documentary credit is irrevocable and transferable


m

13. Field 40E: Applicable Rules


du

FORMAT

Option E 30x[/35x] (Applicable Rules)(Narrative)


n

PRESENCE
de

Conditional (see rule C1)

DEFINITION

This field specifies the rules the credit is subject to, if changed.
Ad

CODES

Applicable Rules must contain one of the following codes (Error code(s): T59):

20 December 2019 45
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

EUCP LATEST VERSION The credit is subject to the version of the Supplement of the
ICC Uniform Customs and Practice for Documentary Credits
for Electronic Presentations, International Chamber of
Commerce, Paris, France, which is in effect on the date of
issue.

EUCPURR LATEST VERSION The credit is subject to the version of the Supplement of the
ICC Uniform Customs and Practice for Documentary Credits

0
for Electronic Presentations, International Chamber of
Commerce, Paris, France, which is in effect on the date of

2
issue. The reimbursement is subject to the version of the
Uniform Rules for Bank-to-Bank Reimbursements,
International Chamber of Commerce, Paris, France, which is in

20
effect on the date of issue.

OTHR The credit is subject to another set of rules, or the credit is not
subject to the version of the rules that is in effect on the date of
issue, these must be specified in Narrative (2nd subfield).

G
UCP LATEST VERSION The credit is subject to the version of the ICC Uniform
Customs and Practice for Documentary Credits, International
Chamber of Commerce, Paris, France, which is in effect on the
date of issue.

UCPURR LATEST VERSION

SR
The credit is subject to the version of the ICC Uniform
Customs and Practice for Documentary Credits, International
Chamber of Commerce, Paris, France, which is in effect on the
date of issue. The reimbursement is subject to the version of
the Uniform Rules for Bank-to-Bank Reimbursements under
documentary credits, International Chamber of Commerce,
Paris, France, which is in effect on the date of issue.
to
NETWORK VALIDATED RULES

Narrative is only allowed if Applicable Rules is OTHR (Error code(s): D81).


m

14. Field 31D: Date and Place of Expiry


du

FORMAT

Option D 6!n29x (Date)(Place)


n

PRESENCE

Conditional (see rule C1)


de

DEFINITION

This field specifies the latest date for presentation under the documentary credit and the place
Ad

where documents may be presented, if changed.

NETWORK VALIDATED RULES

Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

46 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

15. Field 50: Changed Applicant Details


FORMAT

4*35x (Name and Address)

0
PRESENCE

Conditional (see rule C1)

2
DEFINITION

20
This field specifies the party on behalf of which the documentary credit is being issued, if details
have changed

16. Field 59: Beneficiary

G
FORMAT

SR
[/34x] (Account)
4*35x (Name and Address)

PRESENCE

Conditional (see rule C1)


to
DEFINITION

This field specifies the new party in favour of which the documentary credit is issued, if changed.
m

17. Field 32B: Increase of Documentary Credit Amount


FORMAT
du

Option B 3!a15d (Currency)(Amount)

PRESENCE
n

Conditional (see rules C1 and C2)


de

DEFINITION

This field contains the currency and amount of an increase in the documentary credit amount, if
changed.
Ad

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

20 December 2019 47
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

USAGE RULES

The currency of any increase in the credit amount must be in the same currency as that of the
original credit amount.

18. Field 33B: Decrease of Documentary Credit Amount

0
FORMAT

2
Option B 3!a15d (Currency)(Amount)

20
PRESENCE

Conditional (see rules C1 and C2)

DEFINITION

G
This field contains the currency and amount of a decrease in the documentary credit amount, if
changed.

NETWORK VALIDATED RULES

SR
Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).
to
USAGE RULES

The currency of any decrease in the credit amount must be in the same currency as that of the
m

original credit amount.

19. Field 39A: Percentage Credit Amount Tolerance


du

FORMAT

Option A 2n/2n (Tolerance 1)(Tolerance 2)


n

PRESENCE
de

Conditional (see rule C1)

DEFINITION
Ad

This field specifies the tolerance relative to the documentary credit amount as a percentage plus
and/or minus that amount, if changed.

48 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

20. Field 39C: Additional Amounts Covered


FORMAT

Option C 4*35x (Narrative)

0
PRESENCE

Conditional (see rule C1)

2
DEFINITION

20
This field specifies amendments to any additional amounts covered, such as insurance, freight,
interest, etc.

21. Field 41a: Available With ... By ...

G
FORMAT

SR
Option A 4!a2!a2!c[3!c] (Identifier Code)
14x (Code)
Option D 4*35x (Name and Address)
14x (Code)

PRESENCE
to
Conditional (see rule C1)

DEFINITION
m

This field identifies the bank with which the credit is available (the place for presentation) and an
indication of how the credit is available, if these elements have changed.

CODES
du

In option A or D, Code must contain one of the following codes (Error code(s): T68):

BY ACCEPTANCE
n

BY DEF PAYMENT
de

BY MIXED PYMT

BY NEGOTIATION

BY PAYMENT
Ad

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).

20 December 2019 49
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

22. Field 42C: Drafts at ...


FORMAT

Option C 3*35x (Narrative)

0
PRESENCE

Conditional (see rule C1)

2
DEFINITION

20
This field specifies the tenor of drafts to be drawn under the documentary credit, if changed.

23. Field 42a: Drawee

G
FORMAT

Option A [/1!a][/34x] (Party Identifier)

SR
4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

PRESENCE

Conditional (see rule C1)


to
DEFINITION

This field identifies the drawee of the drafts to be drawn under the documentary credit, if changed.
m

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
du

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).
n

24. Field 42M: Mixed Payment Details


de

FORMAT

Option M 4*35x (Narrative)


Ad

PRESENCE

Conditional (see rule C1)

50 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

DEFINITION

This field specifies the payment dates, amounts and/or method for their determination in a
documentary credit which is available by mixed payment, if these elements have changed.

25. Field 42P: Negotiation/Deferred Payment Details

0
FORMAT

2
Option P 4*35x (Narrative)

20
PRESENCE

Conditional (see rule C1)

DEFINITION

G
This field specifies the payment date or method for its determination in a documentary credit which
is available by deferred payment or negotiation only, if these elements have changed.

26. Field 43P: Partial Shipments


FORMAT

Option P 11x
SR (Code)
to
PRESENCE

Conditional (see rule C1)


m

DEFINITION

This field specifies whether or not partial shipments are allowed under the documentary credit, if
changed.
du

CODES

Code must contain one of the following codes (Error code(s): T64):
n

ALLOWED Allowed under the documentary credit.


de

CONDITIONAL Conditional based on conditions specified elsewhere in the message.

NOT ALLOWED Not allowed under the documentary credit.


Ad

27. Field 43T: Transhipment


FORMAT

Option T 11x (Code)

20 December 2019 51
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Conditional (see rule C1)

DEFINITION

This field specifies whether or not transhipment is allowed under the documentary credit, if

0
changed.

2
CODES

Code must contain one of the following codes (Error code(s): T65):

20
ALLOWED Allowed under the documentary credit.

CONDITIONAL Conditional based on conditions specified elsewhere in the message.

NOT ALLOWED Not allowed under the documentary credit.

G
28. Field 44A: Place of Taking in Charge/Dispatch from .../Place of
Receipt
FORMAT

Option A 65x
SR (Narrative)

PRESENCE
to
Conditional (see rule C1)

DEFINITION
m

This field specifies amendments to the place of taking in charge (in case of a multimodal transport
document), the place of receipt (in case of a road, rail or inland waterway transport document or a
courier or expedited delivery service document), the place of dispatch or the place of shipment to
du

be indicated on the transport document.

29. Field 44E: Port of Loading/Airport of Departure


n

FORMAT
de

Option E 65x (Narrative)

PRESENCE
Ad

Conditional (see rule C1)

DEFINITION

This field specifies amendments to the port of loading or airport of departure to be indicated on the
transport document.

52 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

30. Field 44F: Port of Discharge/Airport of Destination


FORMAT

Option F 65x (Narrative)

0
PRESENCE

Conditional (see rule C1)

2
DEFINITION

20
This field specifies amendments to the port of discharge or airport of destination to be indicated on
the transport document.

31. Field 44B: Place of Final Destination/For Transportation to .../Place

G
of Delivery
FORMAT

Option B

PRESENCE
65x

Conditional (see rule C1)


SR (Narrative)
to
DEFINITION

This field specifies amendments to the place of final destination or place of delivery to be indicated
on the transport document.
m

32. Field 44C: Latest Date of Shipment


du

FORMAT

Option C 6!n (Date)


n

PRESENCE

Conditional (see rules C1 and C4)


de

DEFINITION

This field specifies amendments to the latest date for loading on board/dispatch/taking in charge, if
Ad

changed.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).

20 December 2019 53
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

33. Field 44D: Shipment Period


FORMAT

Option D 6*65x (Narrative)

0
PRESENCE

Conditional (see rules C1 and C4)

2
DEFINITION

20
This field specifies the period of time, if changed, during which the goods are to be loaded on
board/despatched/taken in charge, if changed.

34. Field 45B: Description of Goods and/or Services

G
FORMAT

SR
Option B 100*65z (Narrative Structured Text)

The following line formats must be used:

Line 1 /6c/[additional information] (Code)(Narrative)


Lines 2-100 [/6c/[additional information]] (Code)(Narrative)
or or
to
[continuation of additional information] (Narrative)

PRESENCE
m

Conditional (see rule C1)

DEFINITION
du

This field contains a description of the goods and/or services, if changed.

CODES
n

One or more of the following codes must be used in Code (Error code(s): T67):
de

ADD Add Must be followed by the text to be added (a sentence, paragraph or


line item)

DELETE Delete Must be followed by the text to be deleted (a sentence, paragraph or


line item)
Ad

REPALL Replace all Must be followed by the text that replaces all text in same field. No
other code may be used.

NETWORK VALIDATED RULES

If code REPALL is used, it must be used only once in the field, and no other code must be used
(Error code(s): D06).

54 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

USAGE RULES

The presence of this field implies that description of goods and/or services is amended.

Each code used must be between slashes and appear at the beginning of a line. It may be followed
by additional narrative text.

0
Narrative text relating to a preceding code, which is continued on the next line(s), must not start
with a slash '/' on a new line.

2
35. Field 46B: Documents Required

20
FORMAT

Option B 100*65z (Narrative Structured Text)

The following line formats must be used:

G
Line 1 /6c/[additional information] (Code)(Narrative)
Lines 2-100 [/6c/[additional information]] (Code)(Narrative)

PRESENCE
or

SR
[continuation of additional information]
or
(Narrative)

Conditional (see rule C1)


to
DEFINITION

This field contains a description of any documents required, if changed.


m

CODES

One or more of the following codes must be used in Code (Error code(s): T93):
du

ADD Add Must be followed by the text to be added (a sentence, paragraph or


line item)

DELETE Delete Must be followed by the text to be deleted (a sentence, paragraph or


n

line item)

REPALL Replace all Must be followed by the text that replaces all text in same field. No
de

other code may be used.

NETWORK VALIDATED RULES


Ad

If code REPALL is used, it must be used only once in the field, and no other code must be used
(Error code(s): D06).

USAGE RULES

The presence of this field implies that description of documents required is amended.

20 December 2019 55
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Each code used must be between slashes and appear at the beginning of a line. It may be followed
by additional narrative text.

Narrative text relating to a preceding code, which is continued on the next line(s), must not start
with a slash '/' on a new line.

36. Field 47B: Additional Conditions

0
FORMAT

2
Option B 100*65z (Narrative Structured Text)

20
The following line formats must be used:

Line 1 /6c/[additional information] (Code)(Narrative)


Lines 2-100 [/6c/[additional information]] (Code)(Narrative)

G
or or
[continuation of additional information] (Narrative)

PRESENCE

Conditional (see rule C1)

DEFINITION
SR
This field contains a description of further conditions of the documentary credit, if changed.
to
CODES

One or more of the following codes must be used in Code (Error code(s): T67):
m

ADD Add Must be followed by the text to be added (a sentence, paragraph or


line item)
du

DELETE Delete Must be followed by the text to be deleted (a sentence, paragraph or


line item)

REPALL Replace all Must be followed by the text that replaces all text in same field. No
other code may be used.
n

NETWORK VALIDATED RULES


de

If code REPALL is used, it must be used only once in the field, and no other code must be used
(Error code(s): D06).

USAGE RULES
Ad

The presence of this field implies that description of additional conditions is amended.

Each code used must be between slashes and appear at the beginning of a line. It may be followed
by additional narrative text.

Narrative text relating to a preceding code, which is continued on the next line(s), must not start
with a slash '/' on a new line.

56 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

37. Field 49M: Special Payment Conditions for Beneficiary


FORMAT

Option M 100*65z (Narrative Structured Text)

0
The following line formats must be used:

Line 1 /6c/[additional information] (Code)(Narrative)

2
Lines 2-100 [/6c/[additional information]] (Code)(Narrative)
or or

20
[continuation of additional information] (Narrative)

PRESENCE

Conditional (see rule C1)

G
DEFINITION

This field specifies special payment conditions, if changed, applicable to the beneficiary, for

CODES
example, post-financing request/conditions.

SR
One or more of the following codes must be used in Code (Error code(s): T93):
to
ADD Add Must be followed by the text to be added (a sentence, paragraph or
line item)

DELETE Delete Must be followed by the text to be deleted (a sentence, paragraph or


line item)
m

REPALL Replace all Must be followed by the text that replaces all text in same field. No
other code may be used.
du

NETWORK VALIDATED RULES

If code REPALL is used, it must be used only once in the field, and no other code must be used
(Error code(s): D06).
n

USAGE RULES
de

The presence of this field implies that description of special payment conditions is amended.

Each code used must be between slashes and appear at the beginning of a line. It may be followed
by additional narrative text.
Ad

Narrative text relating to a preceding code, which is continued on the next line(s), must not start
with a slash '/' on a new line.

20 December 2019 57
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

38. Field 49N: Special Payment Conditions for Receiving Bank Only |
FORMAT

Option N 100*65z (Narrative Structured Text)

0
The following line formats must be used:

Line 1 /6c/[additional information] (Code)(Narrative)

2
Lines 2-100 [/6c/[additional information]] (Code)(Narrative)
or or

20
[continuation of additional information] (Narrative)

PRESENCE

Conditional (see rule C1)

G
DEFINITION

This field specifies special payment conditions, if changed, applicable to athe receiving bank |

CODES
SR
without disclosure to the beneficiary, for example, post-financing request/conditions. Content of the
field must specify to which for receiving bank it is addressedonly .
|
|

One or more of the following codes must be used in Code (Error code(s): T67):
to
ADD Add Must be followed by the text to be added (a sentence, paragraph or
line item)

DELETE Delete Must be followed by the text to be deleted (a sentence, paragraph or


m

line item)

REPALL Replace all Must be followed by the text that replaces all text in same field. No
other code may be used.
du

NETWORK VALIDATED RULES

If code REPALL is used, it must be used only once in the field, and no other code must be used
(Error code(s): D06).
n

USAGE RULES
de

The presence of this field implies that description of special payment conditions is amended.

Each code used must be between slashes and appear at the beginning of a line. It may be followed
by additional narrative text.
Ad

Narrative text relating to a preceding code, which is continued on the next line(s), must not start
with a slash '/' on a new line.

58 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

39. Field 71D: Charges


FORMAT

Option D 6*35z (Narrative)

0
In addition to narrative text, the following line formats may be used:

Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)

2
Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)
or or

20
[//continuation of additional information] (Narrative)

PRESENCE

Conditional (see rule C1)

G
DEFINITION

This field may be used only to specify charges to be borne by the beneficiary, if changed.

CODES
SR
One or more of the following codes may be used in Code, followed by the currency code and
amount:
to
AGENT Agent's Commission

COMM Our Commission

CORCOM Our Correspondent's Commission


m

DISC Commercial Discount

INSUR Insurance Premium


du

POST Our Postage

STAMP Stamp Duty

TELECHAR Teletransmission Charges


n

WAREHOUS Wharfing and Warehouse


de

40. Field 71N: Amendment Charge Payable By


FORMAT
Ad

Option N 4!c (Code)


[6*35z] (Narrative)

PRESENCE

Conditional (see rule C1)

20 December 2019 59
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field specifies the party responsible for this amendment charge.

CODES

Code must contain one of the following codes (Error code(s): T67):

0
APPL Applicant.

2
BENE Beneficiary

20
OTHR Other party

USAGE RULES

Narrative text may only be used with code OTHR.

G
41. Field 48: Period for Presentation in Days
FORMAT

3n[/35x]

PRESENCE
(Days)(Narrative)
SR
Conditional (see rule C1)
to
DEFINITION

This field specifies the new number of calendar days after the date of shipment within which the
documents must be presented for payment, acceptance, or negotiation, if changed. Narrative
m

should only be used to specify another type of date than a shipment date, for example invoice date,
from which the period for presentation begins.
du

42. Field 49: Confirmation Instructions


FORMAT
n

7!x (Instruction)
de

PRESENCE

Conditional (see rule C1)

DEFINITION
Ad

This field contains confirmation instructions for the requested confirmation party, if changed.

CODES

Instruction must contain one of the following codes (Error code(s): T67):

60 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

CONFIRM The requested confirmation party is requested to confirm the credit

MAY ADD The requested confirmation party may add its confirmation to the credit

WITHOUT No confirmation is requested

43. Field 58a: Requested Confirmation Party

0
FORMAT

2
Option A [/1!a][/34x] (Party Identifier)
4!a2!a2!c[3!c] (Identifier Code)

20
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

PRESENCE

G
Conditional (see rule C1)

DEFINITION

NETWORK VALIDATED RULES


SR
Bank which is requested to add its confirmation or may add its confirmation, if changed.

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
to
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).
m

USAGE RULES

Field must be present if confirmation instructions is MAY ADD or CONFIRM.


du

44. Field 53a: Reimbursing Bank


FORMAT
n

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
de

Option D [/1!a][/34x] (Party Identifier)


4*35x (Name and Address)

PRESENCE
Ad

Conditional (see rule C1)

DEFINITION

This field specifies the name of the bank which has been authorised by the Sender to reimburse
drawings under the documentary credit, if changed. This may be a branch of the Sender or the
Receiver, or an entirely different bank.

20 December 2019 61
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).

0
45. Field 78: Instructions to the Paying/Accepting/Negotiating Bank

2
FORMAT

20
12*65x (Narrative)

PRESENCE

Conditional (see rule C1)

G
DEFINITION

USAGE RULES SR
This field specifies instructions to the paying, accepting or negotiating bank, if changed .

The presence of this field implies that description of instructions is amended.


to
46. Field 57a: 'Advise Through' Bank
FORMAT

Option A [/1!a][/34x] (Party Identifier)


m

4!a2!a2!c[3!c] (Identifier Code)


Option B [/1!a][/34x] (Party Identifier)
[35x] (Location)
du

Option D [/1!a][/34x] (Party Identifier)


4*35x (Name and Address)

PRESENCE
n

Conditional (see rule C1)


de

DEFINITION

This field identifies the bank, if different from the Receiver, through which the documentary credit
amendment is to be advised to the beneficiary.
Ad

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).

62 Message Reference Guide - Standards Release Guide


MT 707 Amendment to a Documentary Credit

47. Field 72Z: Sender to Receiver Information


FORMAT

Option Z 6*35z (Narrative)

0
In addition to narrative text, structured text with the following line formats may be used:

Line 1 /8c/[additional information] (Code)(Narrative)

2
Lines 2-6 [/8c/[additional information]] (Code)(Narrative)
or or

20
[//continuation of additional information] (Narrative)

PRESENCE

Conditional (see rule C1)

G
DEFINITION

This field specifies additional information for the Receiver.

CODES
SR
One or more of the following codes may be used in Code:

PHONBEN Telephone Please advise/contact beneficiary by phone.


to
beneficiary

TELEBEN Telecommunication Please advise the beneficiary by the most efficient means of
telecommunication.
m

USAGE RULES

Any code must be between slashes and must appear at the beginning of a line.
du

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.
n
de
Ad

20 December 2019 63
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 708 Amendment to a Documentary Credit

MT 708 Scope
This message is sent in conjunction with the MT 707 message by the party that issues the

0
amendment.

2
This message specifies the wording of the amendment.

20
MT 708 Format Specifications
MT 708 Amendment to a Documentary Credit
Status Tag Field Name Content/Options No.

G
M 27 Sequence of Total 1!n/1!n 1

M 20 Sender's Reference 16x 2

M
21

23

26E

30
Receiver's Reference

Issuing Bank's Reference

Number of Amendment

Date of Amendment
SR 16x

16x

3n

6!n
3

43

54

65
|
to
O 45B Description of Goods and/or Services 100*65z 76

O 46B Documents Required 100*65z 87

O 47B Additional Conditions 100*65z 98


m

O 49M Special Payment Conditions for Beneficiary 100*65z 10 9

O 49N Special Payment Conditions for Bank Only 100*65z 11 10 |


Receiving Bank
du

M = Mandatory, O = Optional - Network Validated Rules may apply

MT 708 Network Validated Rules


n

There are no network validated rules for this message type.


de

MT 708 Usage Rules


When the documentary credit amendment message exceeds the maximum input message length,
Ad

additional documentary credit amendment information should be transmitted via one or more MTs
708. Up to seven MTs 708 may be sent in addition to the MT 707.

Information in fields of MT 708 must not repeat information in the same fields in the related MT 707
or any related MTs 708.

Information in fields of MT 708 must not be in conflict with information in the same fields in the
related MT 707 or any related MTs 708.

64 Message Reference Guide - Standards Release Guide


MT 708 Amendment to a Documentary Credit

MT 708 Field Specifications


1. Field 27: Sequence of Total
FORMAT

0
1!n/1!n (Number)(Total)

2
PRESENCE

20
Mandatory

DEFINITION

This field specifies the number of this message in the series of messages sent for a documentary
credit amendment, and the total number of messages in the series.

G
NETWORK VALIDATED RULES

Total (Error code(s): T75).

USAGE RULES
SR
Number and Total must have a value in the range 2 to 8 and Number must be less than or equal to

Number must have a value of 2 for the first MT 708, and must be incremented by 1 for each
subsequent MT 708, up to a maximum of seven MTs 708.
to
2. Field 20: Sender's Reference
FORMAT
m

16x
du

PRESENCE

Mandatory

DEFINITION
n

This field specifies the reference assigned by the Sender to unambiguously identify the message.
de

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
Ad

3. Field 21: Receiver's Reference


FORMAT

16x

20 December 2019 65
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Mandatory

DEFINITION

This field contains the reference number assigned to the documentary credit by the Receiver of the

0
message.

2
NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'

20
(Error code(s): T26).

USAGE RULES

If the Receiver's reference is not known, NONREF must be used in this field.

G
4. Field 23: Issuing Bank's Reference
FORMAT

16x

PRESENCE
SR
Mandatory
to
DEFINITION

This field specifies the documentary credit number which was assigned by the issuing bank.
m

USAGE RULES

This field must be the same as field 23 in the related MT 707.


du

5. Field 26E: Number of Amendment


FORMAT
n

Option E 3n
de

PRESENCE

Mandatory
Ad

DEFINITION

This field specifies the sequence number that identifies this amendment.

USAGE RULES

This field must be the same as field 26E in the related MT 707.

66 Message Reference Guide - Standards Release Guide


MT 708 Amendment to a Documentary Credit

6. Field 30: Date of Amendment


FORMAT

6!n (Date)

0
PRESENCE

Mandatory

2
DEFINITION

20
This field specifies the date on which the documentary credit amendment is issued.

NETWORK VALIDATED RULES

Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

G
USAGE RULES

7. Field 45B: Description of Goods and/or Services


FORMAT
SR
This field must be the same as field 30 in the related MT 707.
to
Option B 100*65z (Narrative Structured Text)

The following line formats must be used:

Line 1 /6c/[additional information] (Code)(Narrative)


m

Lines 2-100 [/6c/[additional information]] (Code)(Narrative)


or or
[continuation of additional information] (Narrative)
du

PRESENCE

Optional
n

DEFINITION
de

This field specifies amendments to the goods and/or services.

CODES
Ad

One or more of the following codes must be used in Code (Error code(s): T67):

ADD Add Must be followed by the text to be added (a sentence, paragraph or


line item)

DELETE Delete Must be followed by the text to be deleted (a sentence, paragraph or


line item)

20 December 2019 67
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

REPALL Replace all Must be followed by the text that replaces all text in same field. No
other code may be used.

NETWORK VALIDATED RULES

If code REPALL is used, it must be used only once in the field, and no other code must be used
(Error code(s): D06).

0
USAGE RULES

2
The presence of this field implies that description of goods and/or services is amended.

20
Each code used must be between slashes and appear at the beginning of a line. It may be followed
by additional narrative text.

Narrative text relating to a preceding code, which is continued on the next line(s), must not start
with a slash '/' on a new line.

G
8. Field 46B: Documents Required
FORMAT

Option B 100*65z

The following line formats must be used:


SR (Narrative Structured Text)
to
Line 1 /6c/[additional information] (Code)(Narrative)
Lines 2-100 [/6c/[additional information]] (Code)(Narrative)
or or
[continuation of additional information] (Narrative)
m

PRESENCE

Optional
du

DEFINITION

This field specifies amendments to the documents required.


n

CODES
de

One or more of the following codes must be used in Code (Error code(s): T93):

ADD Add Must be followed by the text to be added (a sentence, paragraph or


line item)
Ad

DELETE Delete Must be followed by the text to be deleted (a sentence, paragraph or


line item)

REPALL Replace all Must be followed by the text that replaces all text in same field. No
other code may be used.

68 Message Reference Guide - Standards Release Guide


MT 708 Amendment to a Documentary Credit

NETWORK VALIDATED RULES

If code REPALL is used, it must be used only once in the field, and no other code must be used
(Error code(s): D06).

USAGE RULES

0
The presence of this field implies that description of documents required is amended.

2
Each code used must be between slashes and appear at the beginning of a line. It may be followed
by additional narrative text.

20
Narrative text relating to a preceding code, which is continued on the next line(s), must not start
with a slash '/' on a new line.

9. Field 47B: Additional Conditions

G
FORMAT

Option B 100*65z (Narrative Structured Text)

The following line formats must be used:

Line 1
Lines 2-100
SR
/6c/[additional information]
[/6c/[additional information]]
or
(Code)(Narrative)
(Code)(Narrative)
or
[continuation of additional information] (Narrative)
to
PRESENCE

Optional
m

DEFINITION
du

This field specifies amendments to the conditions of the documentary credit.

CODES

One or more of the following codes must be used in Code (Error code(s): T67):
n

ADD Add Must be followed by the text to be added (a sentence, paragraph or


de

line item)

DELETE Delete Must be followed by the text to be deleted (a sentence, paragraph or


line item)

REPALL Replace all Must be followed by the text that replaces all text in same field. No
Ad

other code may be used.

NETWORK VALIDATED RULES

If code REPALL is used, it must be used only once in the field, and no other code must be used
(Error code(s): D06).

20 December 2019 69
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

USAGE RULES

The presence of this field implies that description of additional conditions is amended.

Each code used must be between slashes and appear at the beginning of a line. It may be followed
by additional narrative text.

0
Narrative text relating to a preceding code, which is continued on the next line(s), must not start
with a slash '/' on a new line.

2
10. Field 49M: Special Payment Conditions for Beneficiary

20
FORMAT

Option M 100*65z (Narrative Structured Text)

The following line formats must be used:

G
Line 1 /6c/[additional information] (Code)(Narrative)
Lines 2-100 [/6c/[additional information]] (Code)(Narrative)

PRESENCE
or

SR
[continuation of additional information]
or
(Narrative)

Optional
to
DEFINITION

This field specifies special payment conditions applicable to the beneficiary, for example, post-
financing request/conditions.
m

CODES
du

One or more of the following codes must be used in Code (Error code(s): T93):

ADD Add Must be followed by the text to be added (a sentence, paragraph or


line item)
n

DELETE Delete Must be followed by the text to be deleted (a sentence, paragraph or


line item)
de

REPALL Replace all Must be followed by the text that replaces all text in same field. No
other code may be used.

NETWORK VALIDATED RULES


Ad

If code REPALL is used, it must be used only once in the field, and no other code must be used
(Error code(s): D06).

USAGE RULES

The presence of this field implies that description of special payment conditions is amended.

70 Message Reference Guide - Standards Release Guide


MT 708 Amendment to a Documentary Credit

Each code used must be between slashes and appear at the beginning of a line. It may be followed
by additional narrative text.

Narrative text relating to a preceding code, which is continued on the next line(s), must not start
with a slash '/' on a new line.

11. Field 49N: Special Payment Conditions for Receiving Bank Only |

0
FORMAT

2
Option N 100*65z (Narrative Structured Text)

20
The following line formats must be used:

Line 1 /6c/[additional information] (Code)(Narrative)


Lines 2-100 [/6c/[additional information]] (Code)(Narrative)

G
or or
[continuation of additional information] (Narrative)

PRESENCE

Optional

DEFINITION
SR
This field specifies special payment conditions applicable to athe receiving bank without disclosure |
to
to the beneficiary, for example, post-financing request/conditions. Content of the field must specify |
to which for receiving bank it is addressedonly . |

CODES
m

One or more of the following codes must be used in Code (Error code(s): T67):

ADD Add Must be followed by the text to be added (a sentence, paragraph or


du

line item)

DELETE Delete Must be followed by the text to be deleted (a sentence, paragraph or


line item)

REPALL Replace all Must be followed by the text that replaces all text in same field. No
n

other code may be used.


de

NETWORK VALIDATED RULES

If code REPALL is used, it must be used only once in the field, and no other code must be used
(Error code(s): D06).
Ad

USAGE RULES

The presence of this field implies that description of special payment conditions is amended.

Each code used must be between slashes and appear at the beginning of a line. It may be followed
by additional narrative text.

20 December 2019 71
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Narrative text relating to a preceding code, which is continued on the next line(s), must not start
with a slash '/' on a new line.

2 0
20
G
SR
to
m
n du
de
Ad

72 Message Reference Guide - Standards Release Guide


MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

MT 710 Advice of a Third Bank's or a Non-Bank's


Documentary Credit

MT 710 Scope

0
This message is sent by an advising bank, which has received a documentary credit from the

2
issuing bank or the non-bank issuer, to the bank advising the beneficiary or another advising bank.

It is used to advise the Receiver about the terms and conditions of a documentary credit.

20
MT 710 Format Specifications
MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

G
Status Tag Field Name Content/Options No.

M 27 Sequence of Total 1!n/1!n 1

M
40B

20

21
Form of Documentary Credit

Sender's Reference

Documentary Credit Number


SR 24x
24x

16x

16x
2

O 23 Reference to Pre-Advice 16x 5


to
M 31C Date of Issue 6!n 6

M 40E Applicable Rules 30x[/35x] 7

M 31D Date and Place of Expiry 6!n29x 8


m

O 52a Issuing Bank A or D 9

O 50B Non-Bank Issuer 4*35x 10


du

O 51a Applicant Bank A or D 11

M 50 Applicant 4*35x 12

M 59 Beneficiary [/34x] 13
n

4*35x
de

M 32B Currency Code, Amount 3!a15d 14

O 39A Percentage Credit Amount Tolerance 2n/2n 15

O 39C Additional Amounts Covered 4*35x 16


Ad

M 41a Available With ... By ... A or D 17

O 42C Drafts at ... 3*35x 18

O 42a Drawee A or D 19

O 42M Mixed Payment Details 4*35x 20

O 42P Negotiation/Deferred Payment Details 4*35x 21

20 December 2019 73
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Status Tag Field Name Content/Options No.

O 43P Partial Shipments 11x 22

O 43T Transhipment 11x 23

O 44A Place of Taking in Charge/Dispatch from .../Place 65x 24


of Receipt

0
O 44E Port of Loading/Airport of Departure 65x 25

2
O 44F Port of Discharge/Airport of Destination 65x 26

O 44B Place of Final Destination/For Transportation to 65x 27

20
.../Place of Delivery

O 44C Latest Date of Shipment 6!n 28

O 44D Shipment Period 6*65x 29

O 45A Description of Goods and/or Services 100*65z 30

G
O 46A Documents Required 100*65z 31

O 47A Additional Conditions 100*65z 32

O
49H

71D
Receiving Bank

Charges
SR
49G Special Payment Conditions for Beneficiary

Special Payment Conditions for Bank Only


100*65z

100*65z

6*35z
33

34

35
|
to
O 48 Period for Presentation in Days 3n[/35x] 36

M 49 Confirmation Instructions 7!x 37

O 58a Requested Confirmation Party A or D 38


m

O 53a Reimbursing Bank A or D 39

O 78 Instructions to the Paying/Accepting/Negotiating 12*65x 40


Bank
du

O 57a 'Advise Through' Bank A, B, or D 41

O 72Z Sender to Receiver Information 6*35z 42


n

M = Mandatory, O = Optional - Network Validated Rules may apply


de

MT 710 Network Validated Rules


C1 When used, fields 42C and 42a must both be present (Error code(s): C90).
Ad

C2 Either fields 42C and 42a together, or field 42M alone, or field 42P alone may be present. No other
combination of these fields is allowed (Error code(s): C90).

C3 Either field 44C or 44D, but not both, may be present (Error code(s): D06).

C4 Either field 52a or field 50B, but not both, must be present (Error code(s): C06).

74 Message Reference Guide - Standards Release Guide


MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

MT 710 Usage Rules


• When the documentary credit message exceeds the maximum input message length, additional
documentary credit information should be transmitted via one or more MTs 711. Up to seven
MTs 711 may be sent in addition to the MT 710.

• Information conveyed in a designated field in the MT 710 must not be repeated in any related

0
MT 711. Information in any related MT 711 must not conflict with any information that is present
in this MT 710.

2
• Unless otherwise specified, a documentary credit advised to the beneficiary or another advising
bank based on a SWIFT message constitutes an operative credit instrument.

20
• To avoid misunderstandings, where possible, banks are to use identifier codes rather than
expressions such as ourselves ,yourselves ,us, or you.

• If this message is used to advise a non-bank issued documentary credit, field 50B must be
present.

G
• The advising bank must advise a documentary credit, including all its details, in a way that is
clear and unambiguous to the beneficiary.

MT 710 Field Specifications


1. Field 27: Sequence of Total
SR
FORMAT
to
1!n/1!n (Number)(Total)

PRESENCE
m

Mandatory
du

DEFINITION

This field specifies the number of this message in the series of messages sent for a documentary
credit, and the total number of messages in the series.
n

NETWORK VALIDATED RULES


de

Number must have the fixed value of 1 and Total must have a value in the range 1 to 8 (Error
code(s): T75).

2. Field 40B: Form of Documentary Credit


Ad

FORMAT

Option B 24x (Type)


24x (Code)

20 December 2019 75
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Mandatory

DEFINITION

This field specifies the type of credit and whether or not the Sender is adding its confirmation to the

0
credit.

2
CODES

Type must contain one of the following codes (Error code(s): T60):

20
IRREVOCABLE The documentary credit is irrevocable

IRREVOCABLE TRANSFERABLE The documentary credit is irrevocable and transferable

G
CODES

Code must contain one of the following codes (Error code(s): T66):

ADDING OUR CONFIRMATION

WITHOUT OUR CONFIRMATION

USAGE RULES
SR
The Sender is adding its confirmation to the credit

The Sender is not adding its confirmation to the credit


to
Details of any special conditions applying to the transferability of the credit and/or the bank
authorised to transfer the credit in a freely negotiable credit should be included in field 47A
Additional Conditions.

3. Field 20: Sender's Reference


m

FORMAT
du

16x

PRESENCE
n

Mandatory
de

DEFINITION

This field contains the reference number which the Sender has assigned to the documentary credit.

NETWORK VALIDATED RULES


Ad

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

76 Message Reference Guide - Standards Release Guide


MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

4. Field 21: Documentary Credit Number


FORMAT

16x

0
PRESENCE

Mandatory

2
DEFINITION

20
This field specifies the documentary credit number which has been assigned by the issuing bank.

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'

G
(Error code(s): T26).

5. Field 23: Reference to Pre-Advice


FORMAT

16x
SR
PRESENCE
to
Optional

DEFINITION
m

This field specifies if the documentary credit has been pre-advised.

USAGE RULES
du

This field must contain the code PREADV followed by a slash '/' and a reference to the pre-advice,
for example, by date.
n

6. Field 31C: Date of Issue


de

FORMAT

Option C 6!n (Date)

PRESENCE
Ad

Mandatory

DEFINITION

This field specifies the date on which the issuing bank considers the documentary credit as being
issued.

20 December 2019 77
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).

USAGE RULES

If this field was not present in the MT 700/701 Issue of a Documentary Credit, the date of issue is

0
the date on which the MT 700/701 was sent.

2
7. Field 40E: Applicable Rules

20
FORMAT

Option E 30x[/35x] (Applicable Rules)(Narrative)

PRESENCE

G
Mandatory

DEFINITION

CODES
SR
This field specifies the rules the credit is subject to.

Applicable Rules must contain one of the following codes (Error code(s): T59):
to
EUCP LATEST VERSION The credit is subject to the version of the Supplement of the
ICC Uniform Customs and Practice for Documentary Credits
for Electronic Presentations, International Chamber of
Commerce, Paris, France, which is in effect on the date of
m

issue.

EUCPURR LATEST VERSION The credit is subject to the version of the Supplement of the
ICC Uniform Customs and Practice for Documentary Credits
du

for Electronic Presentations, International Chamber of


Commerce, Paris, France, which is in effect on the date of
issue. The reimbursement is subject to the version of the
Uniform Rules for Bank-to-Bank Reimbursements,
International Chamber of Commerce, Paris, France, which is in
n

effect on the date of issue.

OTHR The credit is subject to another set of rules, or the credit is not
de

subject to the version of the rules that is in effect on the date of


issue, these must be specified in Narrative (2nd subfield).

UCP LATEST VERSION The credit is subject to the version of the ICC Uniform
Customs and Practice for Documentary Credits, International
Ad

Chamber of Commerce, Paris, France, which is in effect on the


date of issue.

78 Message Reference Guide - Standards Release Guide


MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

UCPURR LATEST VERSION The credit is subject to the version of the ICC Uniform
Customs and Practice for Documentary Credits, International
Chamber of Commerce, Paris, France, which is in effect on the
date of issue. The reimbursement is subject to the version of
the Uniform Rules for Bank-to-Bank Reimbursements under
documentary credits, International Chamber of Commerce,
Paris, France, which is in effect on the date of issue.

0
NETWORK VALIDATED RULES

2
Narrative is only allowed if Applicable Rules is OTHR (Error code(s): D81).

20
8. Field 31D: Date and Place of Expiry
FORMAT

Option D 6!n29x (Date)(Place)

G
PRESENCE

Mandatory

DEFINITION SR
This field specifies the latest date for presentation under the documentary credit and the place
where documents may be presented.
to
NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).


m

9. Field 52a: Issuing Bank


FORMAT
du

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)
n

4*35x (Name and Address)


de

PRESENCE

Conditional (see rule C4)

DEFINITION
Ad

This field specifies the issuing bank of the credit.

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

20 December 2019 79
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

10. Field 50B: Non-Bank Issuer

0
FORMAT

Option B 4*35x (Name and Address)

2
PRESENCE

20
Conditional (see rule C4)

DEFINITION

G
This field specifies the non-bank issuer of the credit.

11. Field 51a: Applicant Bank


FORMAT

Option A

Option D
[/1!a][/34x]
4!a2!a2!c[3!c]
[/1!a][/34x]
SR (Party Identifier)
(Identifier Code)
(Party Identifier)
4*35x (Name and Address)
to
PRESENCE

Optional
m

DEFINITION

This field specifies the bank of the applicant customer, if different from the issuing bank.
du

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
n

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
de

Live destinations and Test & Training destinations (Error code(s): C05).

12. Field 50: Applicant


Ad

FORMAT

4*35x (Name and Address)

PRESENCE

Mandatory

80 Message Reference Guide - Standards Release Guide


MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

DEFINITION

This field specifies the party on behalf of which the documentary credit has been issued.

13. Field 59: Beneficiary

0
FORMAT

[/34x] (Account)

2
4*35x (Name and Address)

20
PRESENCE

Mandatory

DEFINITION

G
This field specifies the party in favour of which the documentary credit has been issued.

14. Field 32B: Currency Code, Amount


FORMAT

Option B 3!a15d
SR (Currency)(Amount)

PRESENCE
to
Mandatory

DEFINITION
m

This field contains the currency code and amount of the documentary credit.

NETWORK VALIDATED RULES


du

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
n

maximum number allowed for the specified currency (Error code(s): C03,T40,T43).
de

USAGE RULES

Special information relative to the amount of the credit must be specified in field 39A Percentage
Credit Amount Tolerance or field 39C Additional Amounts Covered.
Ad

15. Field 39A: Percentage Credit Amount Tolerance


FORMAT

Option A 2n/2n (Tolerance 1)(Tolerance 2)

20 December 2019 81
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Optional

DEFINITION

This field specifies the tolerance relative to the documentary credit amount as a percentage plus

0
and/or minus that amount.

2
USAGE RULES

Tolerance 1 specifies a positive tolerance, Tolerance 2 specifies a negative tolerance.

20
16. Field 39C: Additional Amounts Covered
FORMAT

G
Option C 4*35x (Narrative)

PRESENCE

Optional

DEFINITION
SR
This field specifies any additional amounts covered such as insurance, freight, interest, etc.
to
17. Field 41a: Available With ... By ...
FORMAT
m

Option A 4!a2!a2!c[3!c] (Identifier Code)


14x (Code)
Option D 4*35x (Name and Address)
du

14x (Code)

PRESENCE
n

Mandatory

DEFINITION
de

This field identifies the bank with which the credit is available (the place for presentation) and an
indication of how the credit is available.
Ad

CODES

In option A or D, Code must contain one of the following codes (Error code(s): T68):

BY ACCEPTANCE

BY DEF PAYMENT

82 Message Reference Guide - Standards Release Guide


MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

BY MIXED PYMT

BY NEGOTIATION

BY PAYMENT

NETWORK VALIDATED RULES

0
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

2
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,

20
Live destinations and Test & Training destinations (Error code(s): C05).

USAGE RULES

For credits subject to eUCP:

G
• If presentation of both electronic records and paper documents is allowed, the place for
presentation of the electronic records (that is, the electronic address to which presentation must
be made) as well as the place for presentation of the paper documents must be specified in
field 47A and not in this field.

SR
• If presentation of only electronic records is allowed, the place for presentation of the electronic
records (that is, the electronic address to which presentation must be made) must be specified
in field 47A and not in this field.

If the credit is to be freely negotiable by any bank, option D must be used with the phrase Any
to
bank in ... (city or country).

If the credit is to be freely negotiable by any bank anywhere in the world, an indication of country is
not required.
m

When Code contains either BY DEF PAYMENT or BY MIXED PYMT, the specific details of the
payment terms must be specified in fields 42P and 42M respectively.
du

When Code contains BY PAYMENT, this should be understood to mean payment at sight.

18. Field 42C: Drafts at ...


n

FORMAT
de

Option C 3*35x (Narrative)

PRESENCE

Conditional (see rules C1 and C2)


Ad

DEFINITION

This field specifies the tenor of drafts to be drawn under the documentary credit.

20 December 2019 83
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

19. Field 42a: Drawee


FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)

0
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

2
PRESENCE

20
Conditional (see rules C1 and C2)

DEFINITION

This field identifies the drawee of the drafts to be drawn under the documentary credit.

G
NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

SR
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

USAGE RULES
to
The drawee must be a bank. If drafts on the applicant are required, they are to be listed as
documents in field 46A.

The Party Identifier must not be present.


m

20. Field 42M: Mixed Payment Details


du

FORMAT

Option M 4*35x (Narrative)


n

PRESENCE

Conditional (see rule C2)


de

DEFINITION

This field specifies the payment dates, amounts and/or method for their determination in a
Ad

documentary credit which is available by mixed payment.

21. Field 42P: Negotiation/Deferred Payment Details


FORMAT

Option P 4*35x (Narrative)

84 Message Reference Guide - Standards Release Guide


MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

PRESENCE

Conditional (see rule C2)

DEFINITION

This field specifies the payment date or method for its determination in a documentary credit which

0
is available by deferred payment or negotiation only.

2
22. Field 43P: Partial Shipments

20
FORMAT

Option P 11x (Code)

PRESENCE

G
Optional

DEFINITION

CODES
SR
This field specifies whether or not partial shipments are allowed under the documentary credit.

Code must contain one of the following codes (Error code(s): T64):
to
ALLOWED Allowed under the documentary credit.

CONDITIONAL Conditional based on conditions specified elsewhere in the message.

NOT ALLOWED Not allowed under the documentary credit.


m

23. Field 43T: Transhipment


du

FORMAT

Option T 11x (Code)


n

PRESENCE
de

Optional

DEFINITION

This field specifies whether or not transhipment is allowed under the documentary credit.
Ad

CODES

Code must contain one of the following codes (Error code(s): T65):

ALLOWED Allowed under the documentary credit.

20 December 2019 85
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

CONDITIONAL Conditional based on conditions specified elsewhere in the message.

NOT ALLOWED Not allowed under the documentary credit.

24. Field 44A: Place of Taking in Charge/Dispatch from .../Place of


Receipt

0
FORMAT

2
Option A 65x (Narrative)

20
PRESENCE

Optional

DEFINITION

G
This field specifies the place of taking in charge (in case of a multimodal transport document), the
place of receipt (in case of a road, rail or inland waterway transport document or a courier or

indicated on the transport document.

25. Field 44E: Port of Loading/Airport of Departure


SR
expedited delivery service document), the place of dispatch or the place of shipment to be

FORMAT
to
Option E 65x (Narrative)

PRESENCE
m

Optional

DEFINITION
du

This field specifies the port of loading or airport of departure to be indicated on the transport
document.

26. Field 44F: Port of Discharge/Airport of Destination


n
de

FORMAT

Option F 65x (Narrative)

PRESENCE
Ad

Optional

DEFINITION

This field specifies the port of discharge or airport of destination to be indicated on the transport
document.

86 Message Reference Guide - Standards Release Guide


MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

27. Field 44B: Place of Final Destination/For Transportation to .../Place


of Delivery
FORMAT

Option B 65x (Narrative)

0
PRESENCE

2
Optional

20
DEFINITION

This field specifies the final destination or place of delivery to be indicated on the transport
document.

G
28. Field 44C: Latest Date of Shipment
FORMAT

Option C

PRESENCE
6!n

Conditional (see rule C3)


SR (Date)
to
DEFINITION

This field specifies the latest date for loading on board/dispatch/taking in charge.
m

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).


du

29. Field 44D: Shipment Period


FORMAT
n

Option D 6*65x (Narrative)


de

PRESENCE

Conditional (see rule C3)


Ad

DEFINITION

This field specifies the period of time during which the goods are to be loaded on board/
despatched/taken in charge.

20 December 2019 87
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

30. Field 45A: Description of Goods and/or Services


FORMAT

Option A 100*65z (Narrative)

0
PRESENCE

Optional

2
DEFINITION

20
This field contains a description of the goods and/or services.

USAGE RULES

Terms such as FOB, CIF, etc. should be specified in this field.

G
The specification of each new item should begin on a new line, preceded by the sign '+' or
numbered using +1), +2), etc.

31. Field 46A: Documents Required


FORMAT
SR
Option A 100*65z (Narrative)
to
PRESENCE

Optional
m

DEFINITION

This field contains a description of any documents required.


du

USAGE RULES

When the ultimate date of issue of a transport document is specified, it is to be specified with the
relative document in this field.
n

For credits subject to eUCP, the format in which electronic records are to be presented must be
de

specified in this field.

The specification of each new item should begin on a new line, preceded by the sign '+' or
numbered using +1), +2), etc.
Ad

32. Field 47A: Additional Conditions


FORMAT

Option A 100*65z (Narrative)

88 Message Reference Guide - Standards Release Guide


MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

PRESENCE

Optional

DEFINITION

This field contains a description of further conditions of the documentary credit.

0
USAGE RULES

2
Where applicable, for credits subject to eUCP:

20
• If presentation of both electronic records and paper documents is allowed, the place for
presentation of the electronic records (that is, the electronic address to which presentation must
be made) as well as the place for presentation of the paper documents must be specified in this
field.

• If presentation of only electronic records is allowed, the place for presentation of the electronic

G
records (that is, the electronic address to which presentation must be made) must be specified
in this field.

SR
• If not already part of the original documentary credit, the advising bank, that is, the receiver of
the message, must provide the beneficiary or another advising bank with the electronic address
of the issuing bank. Furthermore, the advising bank must provide the beneficiary or another
advising bank with the electronic address where they wish the electronic records to be
presented.

The specification of each new item should begin on a new line, preceded by the sign '+' or
to
numbered using +1), +2), etc.

33. Field 49G: Special Payment Conditions for Beneficiary


m

FORMAT

Option G 100*65z (Narrative)


du

PRESENCE

Optional
n

DEFINITION
de

This field specifies special payment conditions applicable to the beneficiary, for example, post-
financing request/conditions.

34. Field 49H: Special Payment Conditions for Receiving Bank Only |
Ad

FORMAT

Option H 100*65z (Narrative)

PRESENCE

Optional

20 December 2019 89
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field specifies special payment conditions applicable to athe receiving bank without disclosure |
to the beneficiary, for example, post-financing request/conditions. Content of the field must specify |
to which for receiving bank it is addressedonly . |

35. Field 71D: Charges

0
FORMAT

2
Option D 6*35z (Narrative)

20
In addition to narrative text, the following line formats may be used:

Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)


Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)

G
or or
[//continuation of additional information] (Narrative)

PRESENCE

Optional

DEFINITION
SR
This field may be used only to specify charges to be borne by the beneficiary.
to
CODES

One or more of the following codes may be used in Code, followed by the currency code and
amount:
m

AGENT Agent's Commission


du

COMM Our Commission

CORCOM Our Correspondent's Commission

DISC Commercial Discount


n

INSUR Insurance Premium

POST Our Postage


de

STAMP Stamp Duty

TELECHAR Teletransmission Charges

WAREHOUS Wharfing and Warehouse


Ad

USAGE RULES

In the absence of this field, all charges, except negotiation and transfer charges, are to be borne by
the applicant.

Any code used in this field must be between slashes and must appear at the beginning of a line.

90 Message Reference Guide - Standards Release Guide


MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

36. Field 48: Period for Presentation in Days


FORMAT

0
3n[/35x] (Days)(Narrative)

2
PRESENCE

20
Optional

DEFINITION

This field specifies the number of calendar days after the date of shipment within which the

G
documents must be presented for payment, acceptance, or negotiation. The second subfield is
used to specify another type of date than a shipment date, for example invoice date, from which the
period for presentation begins. It should only be used in that case.

USAGE RULES

SR
The absence of this field means that the presentation period is 21 days after the date of shipment,
where applicable.

37. Field 49: Confirmation Instructions


to
FORMAT

7!x (Instruction)
m

PRESENCE

Mandatory
du

DEFINITION

This field contains confirmation instructions from the issuing bank for the requested confirmation
n

party.

CODES
de

Instruction must contain one of the following codes (Error code(s): T67):

CONFIRM The requested confirmation party is requested to confirm the credit


Ad

MAY ADD The requested confirmation party may add its confirmation to the credit

WITHOUT No confirmation is requested

20 December 2019 91
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

38. Field 58a: Requested Confirmation Party


FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)

0
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

2
PRESENCE

20
Optional

DEFINITION

Bank which is requested to add its confirmation or may add its confirmation.

G
NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

SR
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).

USAGE RULES
to
Field must be present if confirmation instructions is MAY ADD or CONFIRM.

39. Field 53a: Reimbursing Bank


m

FORMAT

Option A [/1!a][/34x] (Party Identifier)


du

4!a2!a2!c[3!c] (Identifier Code)


Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)
n

PRESENCE

Optional
de

DEFINITION

This field specifies the name of the bank or branch of the Receiver which has been authorised by
Ad

the issuing bank to reimburse drawings under the documentary credit.

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,

92 Message Reference Guide - Standards Release Guide


MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

Live destinations, and Test & Training destinations (Error code(s): C05).

USAGE RULES

The absence of this field does not imply authority to debit the Sender.

40. Field 78: Instructions to the Paying/Accepting/Negotiating Bank

0
FORMAT

2
12*65x (Narrative)

20
PRESENCE

Optional

G
DEFINITION

This field specifies instructions to the paying, accepting or negotiating bank. It may also indicate if
pre-notification of a reimbursement claim or pre-debit notification to the issuing bank is required.

USAGE RULES
SR
When used to indicate pre-notification of a reimbursement claim or pre-debit notification to the
issuing bank is required, the number and type, that is, banking or calendar, of days within which the
issuing bank has to be notified should also be indicated.
to
41. Field 57a: 'Advise Through' Bank
FORMAT
m

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
Option B [/1!a][/34x] (Party Identifier)
du

[35x] (Location)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)
n

PRESENCE
de

Optional

DEFINITION

This field identifies the bank, if different from the Receiver, through which the documentary credit is
Ad

to be advised/confirmed to the beneficiary.

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,

20 December 2019 93
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Live destinations and Test & Training destinations (Error code(s): C05).

42. Field 72Z: Sender to Receiver Information


FORMAT

0
Option Z 6*35z (Narrative)

In addition to narrative text, structured text with the following line formats may be used:

2
Line 1 /8c/[additional information] (Code)(Narrative)

20
Lines 2-6 [/8c/[additional information]] (Code)(Narrative)
or or
[//continuation of additional information] (Narrative)

PRESENCE

G
Optional

DEFINITION

CODES
SR
This field specifies additional information for the Receiver.

One or more of the following codes may be used in Code:


to
PHONBEN Telephone Please advise/contact beneficiary by phone.
beneficiary

TELEBEN Telecommunication Please advise the beneficiary by the most efficient means of
m

telecommunication.

USAGE RULES
du

Any code must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.
n
de
Ad

94 Message Reference Guide - Standards Release Guide


MT 711 Advice of a Third Bank's or a Non-Bank's Documentary Credit

MT 711 Advice of a Third Bank's or a Non-Bank's


Documentary Credit

MT 711 Scope

0
This message is sent by an advising bank, which has received a documentary credit from the

2
issuing bank or the non-bank issuer, to the bank advising the beneficiary or another advising bank.

It is used to advise the Receiver about the terms and conditions of a documentary credit.

20
This message is sent in addition to an MT 710 Advice of a Third Bank's or a Non-Bank's
Documentary Credit, when the information in the documentary credit exceeds the maximum input
message length of the MT 710.

G
MT 711 Format Specifications

SR
MT 711 Advice of a Third Bank's or a Non-Bank's Documentary Credit
Status Tag Field Name Content/Options No.

M 27 Sequence of Total 1!n/1!n 1

M 20 Sender's Reference 16x 2

M 21 Documentary Credit Number 16x 3


to
O 45A Description of Goods and/or Services 100*65z 4

O 46A Documents Required 100*65z 5

O 47A Additional Conditions 100*65z 6


m

O 49G Special Payment Conditions for Beneficiary 100*65z 7

O 49H Special Payment Conditions for Bank Only 100*65z 8 |


du

Receiving Bank

M = Mandatory, O = Optional - Network Validated Rules may apply


n

MT 711 Network Validated Rules


de

There are no network validated rules for this message type.

MT 711 Usage Rules


Ad

• When the documentary credit message exceeds the maximum input message length, additional
documentary credit information should be transmitted via one or more MTs 711. Up to seven
MTs 711 may be sent in addition to the MT 710.

• Any rules the credit is subject to must be indicated in field 40E of the MT 710 this message
relates to.

20 December 2019 95
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

• Information conveyed in a designated field in this message must not repeat information in the
same field in the related MT 710. Information in this message must not conflict with any
information that is present in the related MT 710.

• Unless otherwise specified, a documentary credit advised to the beneficiary or another advising
bank based on a SWIFT message constitutes an operative credit instrument.

• To avoid misunderstandings, where possible, banks are to use Identifier Codes rather than

0
expressions such as ourselves ,yourselves ,us, or you.

2
• The advising bank must advise a documentary credit, including all its details, in a way that is
clear and unambiguous to the beneficiary.

20
MT 711 Field Specifications
1. Field 27: Sequence of Total

G
FORMAT

1!n/1!n (Number)(Total)

PRESENCE

Mandatory
SR
DEFINITION
to
This field specifies the number of this message in the series of messages sent for a documentary
credit, and the total number of messages in the series.

NETWORK VALIDATED RULES


m

Number and Total must have a value in the range 2 to 8 and Number must be less than or equal to
Total (Error code(s): T75).
du

USAGE RULES

Number must have a value of 2 for the first MT 711, and must be incremented by 1 for each
subsequent MT 711, up to a maximum of seven MTs 711.
n

2. Field 20: Sender's Reference


de

FORMAT

16x
Ad

PRESENCE

Mandatory

DEFINITION

This field contains the reference number which the Sender has assigned to the documentary credit.

96 Message Reference Guide - Standards Release Guide


MT 711 Advice of a Third Bank's or a Non-Bank's Documentary Credit

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

3. Field 21: Documentary Credit Number

0
FORMAT

2
16x

20
PRESENCE

Mandatory

DEFINITION

G
This field specifies the documentary credit number which has been assigned by the issuing bank.

NETWORK VALIDATED RULES

(Error code(s): T26).

4. Field 45A: Description of Goods and/or Services


SR
This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
to
FORMAT

Option A 100*65z (Narrative)


m

PRESENCE

Optional
du

DEFINITION

This field contains a description of the goods and/or services.


n

USAGE RULES

Terms such as FOB, CIF, etc. should be specified in this field.


de

The specification of each new item should begin on a new line, preceded by the sign '+' or
numbered using +1), +2), etc.
Ad

5. Field 46A: Documents Required


FORMAT

Option A 100*65z (Narrative)

20 December 2019 97
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Optional

DEFINITION

This field contains a description of any documents required.

0
USAGE RULES

2
When the ultimate date of issue of a transport document is specified, it is to be specified with the
relative document in this field.

20
For credits subject to eUCP, the format in which electronic records are to be presented must be
specified in this field.

The specification of each new item should begin on a new line, preceded by the sign '+' or

G
numbered using +1), +2), etc.

6. Field 47A: Additional Conditions


FORMAT

Option A

PRESENCE
100*65z SR (Narrative)
to
Optional

DEFINITION
m

This field contains a description of further conditions of the documentary credit.

USAGE RULES
du

Where applicable, for credits subject to eUCP:

• If presentation of both electronic records and paper documents is allowed, the place for
presentation of the electronic records (that is, the electronic address to which presentation must
n

be made) as well as the place for presentation of the paper documents must be specified in this
field.
de

• If presentation of only electronic records is allowed, the place for presentation of the electronic
records (that is, the electronic address to which presentation must be made) must be specified
in this field.

• If not already part of the original documentary credit, the advising bank, that is, the receiver of
Ad

the message, must provide the beneficiary or another advising bank with the electronic address
of the issuing bank. Furthermore, the advising bank must provide the beneficiary or another
advising bank with the electronic address where they wish the electronic records to be
presented.

The specification of each new item should begin on a new line, preceded by the sign '+' or
numbered using +1), +2), etc.

98 Message Reference Guide - Standards Release Guide


MT 711 Advice of a Third Bank's or a Non-Bank's Documentary Credit

7. Field 49G: Special Payment Conditions for Beneficiary


FORMAT

Option G 100*65z (Narrative)

0
PRESENCE

Optional

2
DEFINITION

20
This field specifies special payment conditions applicable to the beneficiary, for example post-
financing request/conditions.

8. Field 49H: Special Payment Conditions for Receiving Bank Only |

G
FORMAT

SR
Option H 100*65z (Narrative)

PRESENCE

Optional

DEFINITION
to
This field specifies special payment conditions applicable to athe receiving bank without disclosure |
to the beneficiary, for example, post-financing request/conditions. Content of the field must specify |
to which for receiving bank it is addressedonly . |
m
n du
de
Ad

20 December 2019 99
Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 720 Transfer of a Documentary Credit

MT 720 Scope
When a beneficiary has requested the transfer of a documentary credit - originally issued by a bank

0
or a non-bank - to a second beneficiary, this message is sent by the bank authorised to advise the
transfer of the documentary credit, to the bank advising the second beneficiary.

2
It is used to advise the Receiver about the terms and conditions of the transferred documentary
credit, or part thereof.

20
MT 720 Format Specifications
MT 720 Transfer of a Documentary Credit

G
Status Tag Field Name Content/Options No.

M 27 Sequence of Total 1!n/1!n 1

M
40B

20

21
Form of Documentary Credit

SR
Transferring Bank's Reference

Documentary Credit Number


24x
24x

16x

16x
2

M 31C Date of Issue 6!n 5


to
M 40E Applicable Rules 30x[/35x] 6

M 31D Date and Place of Expiry 6!n29x 7


m

O 52a Issuing Bank of the Original Documentary Credit A or D 8

O 50B Non-Bank Issuer of the Original Documentary 4*35x 9


Credit
du

M 50 First Beneficiary 4*35x 10

M 59 Second Beneficiary [/34x] 11


4*35x
n

M 32B Currency Code, Amount 3!a15d 12

O 39A Percentage Credit Amount Tolerance 2n/2n 13


de

O 39C Additional Amounts Covered 4*35x 14

M 41a Available With ... By ... A or D 15

O 42C Drafts at ... 3*35x 16


Ad

O 42a Drawee A or D 17

O 42M Mixed Payment Details 4*35x 18

O 42P Negotiation/Deferred Payment Details 4*35x 19

O 43P Partial Shipments 11x 20

100 Message Reference Guide - Standards Release Guide


MT 720 Transfer of a Documentary Credit

Status Tag Field Name Content/Options No.

O 43T Transhipment 11x 21

O 44A Place of Taking in Charge/Dispatch from .../Place 65x 22


of Receipt

O 44E Port of Loading/Airport of Departure 65x 23

0
O 44F Port of Discharge/Airport of Destination 65x 24

2
O 44B Place of Final Destination/For Transportation to 65x 25
.../Place of Delivery

20
O 44C Latest Date of Shipment 6!n 26

O 44D Shipment Period 6*65x 27

O 45A Description of Goods and/or Services 100*65z 28

O 46A Documents Required 100*65z 29

G
O 47A Additional Conditions 100*65z 30

O 49G Special Payment Conditions for Beneficiary 100*65z 31

O
49H

71D

48
Receiving Bank

Charges
SR
Special Payment Conditions for Bank Only

Period for Presentation in Days


100*65z

6*35z

3n[/35x]
32

33

34
|
to
M 49 Confirmation Instructions 7!x 35

O 58a Requested Confirmation Party A or D 36

O 78 Instructions to the Paying/Accepting/Negotiating 12*65x 37


m

Bank

O 57a 'Advise Through' Bank A, B, or D 38

O 72Z Sender to Receiver Information 6*35z 39


du

M = Mandatory, O = Optional - Network Validated Rules may apply

MT 720 Network Validated Rules


n
de

C1 When used, fields 42C and 42a must both be present (Error code(s): C90).

C2 Either fields 42C and 42a together, or field 42M alone, or field 42P alone may be present. No other
combination of these fields is allowed (Error code(s): C90).
Ad

C3 Either field 44C or 44D, but not both, may be present (Error code(s): D06).

C4 Either field 52a or field 50B, but not both, must be present (Error code(s): C06).

20 December 2019 101


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 720 Usage Rules


• When the documentary credit message exceeds the maximum input message length, additional
documentary credit information should be transmitted via one or more MTs 721. Up to seven
MTs 721 may be sent in addition to the MT 720.

• Information conveyed in a designated field in the MT 720 must not be repeated in any related

0
MT 721. Information in any related MT 721 must not conflict with any information that is present
in this MT 720.

2
• Unless otherwise specified, a documentary credit advised to the beneficiary or another advising
bank based on a SWIFT message constitutes an operative credit instrument.

20
• To avoid misunderstandings, where possible, banks are to use identifier codes rather than
expressions such as ourselves ,yourselves ,us, or you.

• If this message is used to transfer a non-bank issued documentary credit, field 50B must be
present.

G
• The transferring bank must transfer the documentary credit, including all its details, in a way
that is clear and unambiguous to the beneficiary.

MT 720 Field Specifications


1. Field 27: Sequence of Total
SR
FORMAT
to
1!n/1!n (Number)(Total)

PRESENCE
m

Mandatory
du

DEFINITION

This field specifies the number of this message in the series of messages sent for a documentary
credit, and the total number of messages in the series.
n

NETWORK VALIDATED RULES


de

Number must have the fixed value of 1 and Total must have a value in the range 1 to 8 (Error
code(s): T75).

2. Field 40B: Form of Documentary Credit


Ad

FORMAT

Option B 24x (Type)


24x (Code)

102 Message Reference Guide - Standards Release Guide


MT 720 Transfer of a Documentary Credit

PRESENCE

Mandatory

DEFINITION

This field specifies the type of credit and whether or not the Sender is adding its confirmation to the

0
credit.

2
CODES

Type must contain one of the following codes (Error code(s): T64):

20
IRREVOCABLE The documentary credit/standby letter of credit is irrevocable

CODES

G
Code must contain one of the following codes (Error code(s): T66):

ADDING OUR CONFIRMATION The Sender is adding its confirmation to the credit

WITHOUT OUR CONFIRMATION

3. Field 20: Transferring Bank's Reference


SR
The Sender is not adding its confirmation to the credit

FORMAT
to
16x

PRESENCE
m

Mandatory

DEFINITION
du

This field contains the reference number which the transferring bank (Sender) has assigned to the
documentary credit.

NETWORK VALIDATED RULES


n

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
de

(Error code(s): T26).

4. Field 21: Documentary Credit Number


Ad

FORMAT

16x

PRESENCE

Mandatory

20 December 2019 103


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field specifies the documentary credit number which has been assigned by the issuing bank.

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'

0
(Error code(s): T26).

2
5. Field 31C: Date of Issue

20
FORMAT

Option C 6!n (Date)

PRESENCE

G
Mandatory

DEFINITION

issued.

NETWORK VALIDATED RULES


SR
This field specifies the date on which the issuing bank considers the documentary credit as being

Date must be a valid date expressed as YYMMDD (Error code(s): T50).


to
6. Field 40E: Applicable Rules
FORMAT
m

Option E 30x[/35x] (Applicable Rules)(Narrative)


du

PRESENCE

Mandatory
n

DEFINITION

This field specifies the rules the credit is subject to.


de

CODES

One of the following codes must be used in Applicable Rules (Error code(s): T59):
Ad

EUCP LATEST VERSION The credit is subject to the version of the Supplement of the
ICC Uniform Customs and Practice for Documentary Credits
for Electronic Presentations, International Chamber of
Commerce, Paris, France, which is in effect on the date of
issue.

104 Message Reference Guide - Standards Release Guide


MT 720 Transfer of a Documentary Credit

EUCPURR LATEST VERSION The credit is subject to the version of the Supplement of the
ICC Uniform Customs and Practice for Documentary Credits
for Electronic Presentations, International Chamber of
Commerce, Paris, France, which is in effect on the date of
issue. The reimbursement is subject to the version of the
Uniform Rules for Bank-to-Bank Reimbursements,
International Chamber of Commerce, Paris, France, which is in

0
effect on the date of issue.

OTHR The credit is subject to another set of rules, or the credit is not

2
subject to the version of the rules that is in effect on the date of
issue, these must be specified in Narrative (2nd subfield).

20
UCP LATEST VERSION The credit is subject to the version of the ICC Uniform
Customs and Practice for Documentary Credits, International
Chamber of Commerce, Paris, France, which is in effect on the
date of issue.

UCPURR LATEST VERSION The credit is subject to the version of the ICC Uniform

G
Customs and Practice for Documentary Credits, International
Chamber of Commerce, Paris, France, which is in effect on the
date of issue. The reimbursement is subject to the version of
the Uniform Rules for Bank-to-Bank Reimbursements under

NETWORK VALIDATED RULES


SR
documentary credits, International Chamber of Commerce,
Paris, France, which is in effect on the date of issue.

Narrative is only allowed if Applicable Rules is OTHR (Error code(s): D81).


to
7. Field 31D: Date and Place of Expiry
FORMAT
m

Option D 6!n29x (Date)(Place)

PRESENCE
du

Mandatory

DEFINITION
n

This field specifies the latest date for presentation under the documentary credit and the place
where documents may be presented.
de

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).


Ad

8. Field 52a: Issuing Bank of the Original Documentary Credit


FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)

20 December 2019 105


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Option D [/1!a][/34x] (Party Identifier)


4*35x (Name and Address)

PRESENCE

Conditional (see rule C4)

0
DEFINITION

2
This field specifies the issuing bank of the original documentary credit.

20
NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,

G
Live destinations and Test & Training destinations (Error code(s): C05).

USAGE RULES

documentary credit.
SR
In the absence of this field, the Sender of the message is the issuing bank of the original

9. Field 50B: Non-Bank Issuer of the Original Documentary Credit


to
FORMAT

Option B 4*35x (Name and Address)

PRESENCE
m

Conditional (see rule C4)


du

DEFINITION

This field specifies the non-bank issuer of the original documentary credit.

10. Field 50: First Beneficiary


n

FORMAT
de

4*35x (Name and Address)

PRESENCE
Ad

Mandatory

DEFINITION

This field specifies the party on behalf of which the documentary credit has been issued/
transferred.

106 Message Reference Guide - Standards Release Guide


MT 720 Transfer of a Documentary Credit

11. Field 59: Second Beneficiary


FORMAT

[/34x] (Account)
4*35x (Name and Address)

0
PRESENCE

2
Mandatory

20
DEFINITION

This field specifies the name of the beneficiary of the transferred credit, referred to in the UCP as
the second beneficiary.

12. Field 32B: Currency Code, Amount

G
FORMAT

Option B

PRESENCE

Mandatory
3!a15d

SR (Currency)(Amount)
to
DEFINITION

This field contains the currency code and amount of the documentary credit.

NETWORK VALIDATED RULES


m

Currency must be a valid ISO 4217 currency code (Error code(s): T52).
du

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

USAGE RULES
n

Special information relative to the amount of the credit must be specified in field 39A Percentage
de

Credit Amount Tolerance or field 39C Additional Amounts Covered.

13. Field 39A: Percentage Credit Amount Tolerance


Ad

FORMAT

Option A 2n/2n (Tolerance 1)(Tolerance 2)

PRESENCE

Optional

20 December 2019 107


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field specifies the tolerance relative to the documentary credit amount as a percentage plus
and/or minus that amount.

USAGE RULES

0
Tolerance 1 specifies a positive tolerance, Tolerance 2 specifies a negative tolerance.

2
14. Field 39C: Additional Amounts Covered

20
FORMAT

Option C 4*35x (Narrative)

PRESENCE

G
Optional

DEFINITION

SR
This field specifies any additional amounts covered such as insurance, freight, interest, etc.

15. Field 41a: Available With ... By ...


FORMAT
to
Option A 4!a2!a2!c[3!c] (Identifier Code)
14x (Code)
Option D 4*35x (Name and Address)
14x (Code)
m

PRESENCE
du

Mandatory

DEFINITION
n

This field identifies the bank with which the credit is available (the place for presentation) and an
indication of how the credit is available.
de

CODES

In option A or D, Code must contain one of the following codes (Error code(s): T68):
Ad

BY ACCEPTANCE

BY DEF PAYMENT

BY MIXED PYMT

BY NEGOTIATION

BY PAYMENT

108 Message Reference Guide - Standards Release Guide


MT 720 Transfer of a Documentary Credit

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

0
USAGE RULES

2
For credits subject to eUCP:

20
• If presentation of both electronic records and paper documents is allowed, the place for
presentation of the electronic records (that is, the electronic address to which presentation must
be made) as well as the place for presentation of the paper documents must be specified in
field 47A and not in this field.

• If presentation of only electronic records is allowed, the place for presentation of the electronic

G
records (that is, the electronic address to which presentation must be made) must be specified
in field 47A and not in this field.

bank in ... (city or country).


SR
If the credit is to be freely negotiable by any bank, option D must be used with the phrase Any

If the credit is to be freely negotiable by any bank anywhere in the world, an indication of country is
not required.

When Code contains either BY DEF PAYMENT or BY MIXED PYMT, the specific details of the
to
payment terms must be specified in field 42P and 42M.

When Code contains BY PAYMENT, this should be understood to mean payment at sight.
m

16. Field 42C: Drafts at ...


FORMAT
du

Option C 3*35x (Narrative)

PRESENCE
n

Conditional (see rules C1 and C2)


de

DEFINITION

This field specifies the tenor of drafts to be drawn under the documentary credit.
Ad

17. Field 42a: Drawee


FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)

20 December 2019 109


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Option D [/1!a][/34x] (Party Identifier)


4*35x (Name and Address)

PRESENCE

Conditional (see rules C1 and C2)

0
DEFINITION

2
This field identifies the drawee of the drafts to be drawn under the documentary credit.

20
NETWORK VALIDATED RULES

Identifier Code must be a registered a financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,

G
Live destinations and Test & Training destinations (Error code(s): C05).

USAGE RULES

documents in field 46A.

The Party Identifier must not be present.


SR
The drawee must be a bank. If drafts on the applicant are required, they are to be listed as

18. Field 42M: Mixed Payment Details


to
FORMAT

Option M 4*35x (Narrative)


m

PRESENCE
du

Conditional (see rule C2)

DEFINITION

This field specifies the payment dates, amounts and/or method for their determination in a
n

documentary credit which is available by mixed payment.


de

19. Field 42P: Negotiation/Deferred Payment Details


FORMAT
Ad

Option P 4*35x (Narrative)

PRESENCE

Conditional (see rule C2)

110 Message Reference Guide - Standards Release Guide


MT 720 Transfer of a Documentary Credit

DEFINITION

This field specifies the payment date or method for its determination in a documentary credit which
is available by deferred payment or negotiation only.

20. Field 43P: Partial Shipments

0
FORMAT

2
Option P 11x (Code)

20
PRESENCE

Optional

DEFINITION

G
This field specifies whether or not partial shipments are allowed under the documentary credit.

CODES

CONDITIONAL
SR
Code must contain one of the following codes (Error code(s): T64):

ALLOWED Allowed under the documentary credit.

Conditional based on conditions specified elsewhere in the message.


to
NOT ALLOWED Not allowed under the documentary credit.

21. Field 43T: Transhipment


m

FORMAT

Option T 11x (Code)


du

PRESENCE

Optional
n

DEFINITION
de

This field specifies whether or not transhipment is allowed under the documentary credit.

CODES

Code must contain one of the following codes (Error code(s): T65):
Ad

ALLOWED Allowed under the documentary credit.

CONDITIONAL Conditional based on conditions specified elsewhere in the message.

NOT ALLOWED Not allowed under the documentary credit.

20 December 2019 111


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

22. Field 44A: Place of Taking in Charge/Dispatch from .../Place of


Receipt
FORMAT

Option A 65x (Narrative)

0
PRESENCE

2
Optional

20
DEFINITION

This field specifies the place of taking in charge (in case of a multimodal transport document), the
place of receipt (in case of a road, rail or inland waterway transport document or a courier or
expedited delivery service document), the place of dispatch or the place of shipment to be

G
indicated on the transport document.

23. Field 44E: Port of Loading/Airport of Departure


FORMAT

Option E

PRESENCE
65x
SR (Narrative)
to
Optional

DEFINITION
m

This field specifies the port of loading or airport of departure to be indicated on the transport
document.
du

24. Field 44F: Port of Discharge/Airport of Destination


FORMAT

Option F 65x (Narrative)


n

PRESENCE
de

Optional

DEFINITION
Ad

This field specifies the port of discharge or airport of destination to be indicated on the transport
document.

112 Message Reference Guide - Standards Release Guide


MT 720 Transfer of a Documentary Credit

25. Field 44B: Place of Final Destination/For Transportation to .../Place


of Delivery
FORMAT

Option B 65x (Narrative)

0
PRESENCE

2
Optional

20
DEFINITION

This field specifies the final destination or place of delivery to be indicated on the transport
document.

G
26. Field 44C: Latest Date of Shipment
FORMAT

Option C

PRESENCE
6!n

Conditional (see rule C3)


SR (Date)
to
DEFINITION

This field specifies the latest date for loading on board/dispatch/taking in charge.
m

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).


du

27. Field 44D: Shipment Period


FORMAT
n

Option D 6*65x (Narrative)


de

PRESENCE

Conditional (see rule C3)


Ad

DEFINITION

This field specifies the period of time during which the goods are to be loaded on board/
despatched/taken in charge.

20 December 2019 113


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

28. Field 45A: Description of Goods and/or Services


FORMAT

Option A 100*65z (Narrative)

0
PRESENCE

Optional

2
DEFINITION

20
This field contains a description of the goods and/or services.

USAGE RULES

Terms such as FOB, CIF, etc. should be specified in this field.

G
The specification of each new item should begin on a new line, preceded by the sign '+' or
numbered using +1), +2), etc.

29. Field 46A: Documents Required


FORMAT
SR
Option A 100*65z (Narrative)
to
PRESENCE

Optional
m

DEFINITION

This field contains a description of any documents required.


du

USAGE RULES

When the ultimate date of issue of a transport document is specified, it is to be specified with the
relative document in this field.
n

For credits subject to eUCP, the format in which electronic records are to be presented must be
de

specified in this field.

The specification of each new item should begin on a new line, preceded by the sign '+' or
numbered using +1), +2), etc.
Ad

30. Field 47A: Additional Conditions


FORMAT

Option A 100*65z (Narrative)

114 Message Reference Guide - Standards Release Guide


MT 720 Transfer of a Documentary Credit

PRESENCE

Optional

DEFINITION

This field contains a description of further conditions of the documentary credit.

0
USAGE RULES

2
If presentation of only electronic records is allowed, the place for presentation of the electronic
records (that is, the electronic address to which presentation must be made) must be specified in

20
this field.

If not already part of the original documentary credit, the advising bank, that is, the receiver of the
message, must provide the beneficiary or another advising bank with the electronic address of the
issuing bank. Furthermore, the advising bank must provide the beneficiary or another advising

G
bank with the electronic address where they wish the electronic records to be presented.

The specification of each new item should begin on a new line, preceded by the sign '+' or

SR
numbered using +1), +2), etc.

31. Field 49G: Special Payment Conditions for Beneficiary


FORMAT

Option G 100*65z (Narrative)


to
PRESENCE

Optional
m

DEFINITION

This field specifies special payment conditions applicable to the beneficiary, for example, post-
du

financing request/conditions.

32. Field 49H: Special Payment Conditions for Receiving Bank Only |
n

FORMAT
de

Option H 100*65z (Narrative)

PRESENCE
Ad

Optional

DEFINITION

This field specifies special payment conditions applicable to athe receiving bank without disclosure |
to the beneficiary, for example, post-financing request/conditions. Content of the field must specify |
to which for receiving bank it is addressedonly . |

20 December 2019 115


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

33. Field 71D: Charges


FORMAT

Option D 6*35z (Narrative)

0
In addition to narrative text, the following line formats may be used:

Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)

2
Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)
or or

20
[//continuation of additional information] (Narrative)

PRESENCE

Optional

G
DEFINITION

This field may be used only to specify charges to be borne by the beneficiary.

CODES
SR
One or more of the following codes may be used in Code, followed by the currency code and
amount:
to
AGENT Agent's Commission

COMM Our Commission

CORCOM Our Correspondent's Commission


m

DISC Commercial Discount

INSUR Insurance Premium


du

POST Our Postage

STAMP Stamp Duty

TELECHAR Teletransmission Charges


n

WAREHOUS Wharfing and Warehouse


de

USAGE RULES

In the absence of this field, all charges, except negotiation and transfer charges, are to be borne by
the applicant.
Ad

Any code used in this field must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

116 Message Reference Guide - Standards Release Guide


MT 720 Transfer of a Documentary Credit

34. Field 48: Period for Presentation in Days


FORMAT

3n[/35x] (Days)(Narrative)

0
PRESENCE

Optional

2
DEFINITION

20
This field specifies the number of calendar days after the date of shipment within which the
documents must be presented for payment, acceptance, or negotiation. If the date is not a
shipment date, for example, it is an invoice date, then the details must be given in Narrative.

USAGE RULES

G
The absence of this field means that the presentation period is 21 days after the date of shipment,
where applicable.

35. Field 49: Confirmation Instructions


FORMAT
SR
7!x (Instruction)
to
PRESENCE

Mandatory
m

DEFINITION

This field contains confirmation instructions for the requested confirmation party.
du

CODES

Instruction must contain one of the following codes (Error code(s): T67):
n

CONFIRM The requested confirmation party is requested to confirm the credit


de

MAY ADD The requested confirmation party may add its confirmation to the credit

WITHOUT No confirmation is requested

36. Field 58a: Requested Confirmation Party


Ad

FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

20 December 2019 117


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Optional

DEFINITION

Bank which is requested to add its confirmation or may add its confirmation.

0
NETWORK VALIDATED RULES

2
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

20
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).

USAGE RULES

G
Field must be present if confirmation instructions is MAY ADD or CONFIRM.

FORMAT

12*65x (Narrative)
SR
37. Field 78: Instructions to the Paying/Accepting/Negotiating Bank

PRESENCE
to
Optional

DEFINITION
m

This field specifies instructions to the paying, accepting or negotiating bank. It may also indicate if
pre-notification of a reimbursement claim or pre-debit notification to the issuing bank is required.
du

USAGE RULES

When used to indicate pre-notification of a reimbursement claim or pre-debit notification to the


issuing bank is required, the number and type, that is, banking or calendar, of days within which the
n

issuing bank has to be notified should also be indicated.


de

38. Field 57a: 'Advise Through' Bank


FORMAT

Option A [/1!a][/34x] (Party Identifier)


Ad

4!a2!a2!c[3!c] (Identifier Code)


Option B [/1!a][/34x] (Party Identifier)
[35x] (Location)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

118 Message Reference Guide - Standards Release Guide


MT 720 Transfer of a Documentary Credit

PRESENCE

Optional

DEFINITION

This field identifies the bank, if different from the Receiver, through which the documentary credit is

0
to be advised/confirmed to the beneficiary.

2
NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

20
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).

G
39. Field 72Z: Sender to Receiver Information
FORMAT

Option Z 6*35z

SR (Narrative)

In addition to narrative text, structured text with the following line formats may be used:

Line 1 /8c/[additional information] (Code)(Narrative)


to
Lines 2-6 [/8c/[additional information]] (Code)(Narrative)
or or
[//continuation of additional information] (Narrative)

PRESENCE
m

Optional
du

DEFINITION

This field specifies additional information for the Receiver.

CODES
n

One or more of the following codes may be used in Code:


de

PHONBEN Telephone Please advise/contact beneficiary by phone.


beneficiary

TELEBEN Telecommunication Please advise the beneficiary by the most efficient means of
Ad

telecommunication.

USAGE RULES

Any code must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

20 December 2019 119


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 721 Transfer of a Documentary Credit

MT 721 Scope
When a beneficiary has requested the transfer of a documentary credit - originally issued by a bank

0
or a non-bank - to a second beneficiary, this message is sent by the bank authorised to advise the
transfer of the documentary credit, to the bank advising the second beneficiary.

2
It is used to advise the Receiver about the terms and conditions of the transferred documentary
credit, or part thereof.

20
This message is sent in addition to an MT 720 Transfer of a Documentary Credit, when the
information in the documentary credit exceeds the maximum input message length of the MT 720.

MT 721 Format Specifications

G
MT 721 Transfer of a Documentary Credit
Status

M
Tag

27

20

21
Sequence of Total
SR
Field Name

Transferring Bank's Reference

Documentary Credit Number


16x

16x
Content/Options

1!n/1!n
No.

3
to
O 45A Description of Goods and/or Services 100*65z 4

O 46A Documents Required 100*65z 5

O 47A Additional Conditions 100*65z 6


m

O 49G Special Payment Conditions for Beneficiary 100*65z 7

O 49H Special Payment Conditions for Bank Only 100*65z 8 |


Receiving Bank
du

M = Mandatory, O = Optional - Network Validated Rules may apply

MT 721 Network Validated Rules


n

There are no network validated rules for this message type.


de

MT 721 Usage Rules


• When the documentary credit message exceeds the maximum input message length, additional
Ad

documentary credit information should be transmitted via one or more MTs 721. Up to seven
MTs 721 may be sent in addition to the MT 720.

• Information conveyed in a designated field in this message must not repeat information in the
same field in the related MT 720. Information in this message must not conflict with any
information that is present in the related MT 720.

120 Message Reference Guide - Standards Release Guide


MT 721 Transfer of a Documentary Credit

• Unless otherwise specified, a documentary credit advised to the beneficiary or another advising
bank based on a SWIFT message constitutes an operative credit instrument.

• To avoid misunderstandings, where possible, banks are to use identifier codes rather than
expressions such as ourselves ,yourselves ,us, or you.

• The transferring bank must transfer the documentary credit, including all its details, in a way
that is clear and unambiguous to the beneficiary.

2 0
MT 721 Field Specifications

20
1. Field 27: Sequence of Total
FORMAT

1!n/1!n (Number)(Total)

G
PRESENCE

Mandatory

DEFINITION
SR
This field specifies the number of this message in the series of messages sent for a documentary
credit, and the total number of messages in the series.
to
NETWORK VALIDATED RULES

Number and Total must have a value in the range 2 to 8 and Number must be less than or equal to
Total (Error code(s): T75).
m

USAGE RULES

Number must have a value of 2 for the first MT 721, and must be incremented by 1 for each
du

subsequent MT 721, up to a maximum of seven MTs 721 .

2. Field 20: Transferring Bank's Reference


n

FORMAT
de

16x

PRESENCE

Mandatory
Ad

DEFINITION

This field contains the reference number which the transferring bank (Sender) has assigned to the
documentary credit.

20 December 2019 121


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

3. Field 21: Documentary Credit Number

0
FORMAT

2
16x

20
PRESENCE

Mandatory

DEFINITION

G
This field specifies the documentary credit number which has been assigned by the issuing bank.

NETWORK VALIDATED RULES

(Error code(s): T26).

4. Field 45A: Description of Goods and/or Services


SR
This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
to
FORMAT

Option A 100*65z (Narrative)


m

PRESENCE

Optional
du

DEFINITION

This field contains a description of the goods and/or services.


n

USAGE RULES

Terms such as FOB, CIF, etc. should be specified in this field.


de

The specification of each new item should begin on a new line, preceded by the sign '+' or
numbered using +1), +2), etc.
Ad

5. Field 46A: Documents Required


FORMAT

Option A 100*65z (Narrative)

122 Message Reference Guide - Standards Release Guide


MT 721 Transfer of a Documentary Credit

PRESENCE

Optional

DEFINITION

This field contains a description of any documents required.

0
USAGE RULES

2
When the ultimate date of issue of a transport document is specified, it is to be specified with the
relative document in this field.

20
For credits subject to eUCP, the format in which electronic records are to be presented must be
specified in this field.

The specification of each new item should begin on a new line, preceded by the sign '+' or

G
numbered using +1), +2), etc.

6. Field 47A: Additional Conditions


FORMAT

Option A

PRESENCE
100*65z SR (Narrative)
to
Optional

DEFINITION
m

This field contains a description of further conditions of the documentary credit.

USAGE RULES
du

In case the documentary credit is subject to any rules for which no code words are provided in field
40E of the related MT 720, further details should be specified in this field.

Where applicable, for credits subject to eUCP:


n

• If presentation of both electronic records and paper documents is allowed, the place for
presentation of the electronic records (that is, the electronic address to which presentation must
de

be made) as well as the place for presentation of the paper documents must be specified in this
field.

• If presentation of only electronic records is allowed, the place for presentation of the electronic
Ad

records (that is, the electronic address to which presentation must be made) must be specified
in this field.

• If not already part of the original documentary credit, the advising bank, that is, the receiver of
the message, must provide the beneficiary or another advising bank with the electronic address
of the issuing bank. Furthermore, the advising bank must provide the beneficiary or another
advising bank with the electronic address where they wish the electronic records to be
presented.

20 December 2019 123


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

The specification of each new item should begin on a new line, preceded by the sign '+' or
numbered using +1), +2), etc.

7. Field 49G: Special Payment Conditions for Beneficiary


FORMAT

0
Option G 100*65z (Narrative)

2
PRESENCE

20
Optional

DEFINITION

This field specifies special payment conditions applicable to the beneficiary, for example, post-

G
financing request/conditions.

8. Field 49H: Special Payment Conditions for Receiving Bank Only |


FORMAT

Option H

PRESENCE
100*65z SR (Narrative)
to
Optional

DEFINITION
m

This field specifies special payment conditions applicable to athe receiving bank without disclosure |
to the beneficiary, forFor example, post-financing request/conditions. Content of the field must |
specify to which for receiving bank it is addressedonly . |
n du
de
Ad

124 Message Reference Guide - Standards Release Guide


MT 730 Acknowledgement

MT 730 Acknowledgement
This message type has not changed since the Advance information for Standards MT release 2020
published on 8 February 2019.

2 0
20
G
SR
to
m
n du
de
Ad

20 December 2019 125


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 732 Advice of Discharge

MT 732 Scope
This message is sent by the issuing bank to the paying/negotiating or accepting bank.

0
It may also be sent by the paying/accepting/negotiating bank to the bank from which it has received

2
documents.

It is used to advise the Receiver that the documents received with discrepancies have been taken

20
up.

This message should be used for L/Cs and standby L/Cs. It must not be used for guarantees.

MT 732 Format Specifications

G
MT 732 Advice of Discharge
Status

M
Tag

20

21

30
Sender's TRN

Presenting Bank's Reference


SR
Field Name

Date of Advice of Payment/Acceptance/


16x

16x

6!n
Content/Options No.

3
Negotiation
to
M 32B Amount of Utilisation 3!a15d 4

O 72Z Sender to Receiver Information 6*35z 5

M = Mandatory, O = Optional - Network Validated Rules may apply


m

MT 732 Network Validated Rules


du

There are no network validated rules for this message type.

MT 732 Field Specifications


n

1. Field 20: Sender's TRN


de

FORMAT

16x
Ad

PRESENCE

Mandatory

126 Message Reference Guide - Standards Release Guide


MT 732 Advice of Discharge

DEFINITION

If the message is sent by the issuing bank, this field specifies the documentary credit number
assigned by the issuing bank.

If the message is sent by a bank other than the issuing bank, this field specifies either the
documentary credit number assigned by the issuing bank or another reference assigned by the

0
Sender.

2
NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'

20
(Error code(s): T26).

2. Field 21: Presenting Bank's Reference


FORMAT

G
16x

PRESENCE

Mandatory

DEFINITION
SR
This field specifies the reference which has been assigned by the presenting bank, that is, the
to
Receiver of this message.

NETWORK VALIDATED RULES


m

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
du

3. Field 30: Date of Advice of Payment/Acceptance/Negotiation


FORMAT

6!n (Date)
n

PRESENCE
de

Mandatory

DEFINITION
Ad

This field specifies the date of the covering letter under which the documents were sent.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).

20 December 2019 127


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

4. Field 32B: Amount of Utilisation


FORMAT

Option B 3!a15d (Currency)(Amount)

0
PRESENCE

Mandatory

2
DEFINITION

20
This field contains the currency code and amount of the drawing, excluding any charges or
deductions.

NETWORK VALIDATED RULES

G
Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and

SR
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

5. Field 72Z: Sender to Receiver Information


FORMAT
to
Option Z 6*35z (Narrative)

In addition to narrative text, structured text with the following line formats may be used:
m

Line 1 /8c/[additional information] (Code)(Narrative)


Lines 2-6 [/8c/[additional information]] (Code)(Narrative)
or or
du

[//continuation of additional information] (Narrative)

PRESENCE
n

Optional
de

DEFINITION

This field specifies additional information for the Receiver.

USAGE RULES
Ad

The structured line format may be used for bilaterally agreed codes.

Any code must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

128 Message Reference Guide - Standards Release Guide


MT 734 Advice of Refusal

MT 734 Advice of Refusal

MT 734 Scope
This message is sent by the issuing bank to the bank from which it has received documents related

0
to a documentary credit. It may also be sent by the bank nominated to pay/accept/negotiate/incur a
deferred payment undertaking to the bank from which it has received documents.

2
It is used to advise the Receiver that the Sender considers the documents, as they appear on their
face, not to be in accordance with the terms and conditions of the credit and that, consequently, it

20
refuses them for the discrepancies stated. The Sender also provides the Receiver with details
regarding the disposal of the documents.

This message type may also be used for claiming a refund.

G
The MT 734 is intended for refusal under commercial LCs and should not be used for refusal under
standby LCs/guarantees.

MT 734 Format Specifications


MT 734 Advice of Refusal
Status Tag
SR
Field Name Content/Options No.

M 20 Sender's TRN 16x 1


to
M 21 Presenting Bank's Reference 16x 2

M 32A Date and Amount of Utilisation 6!n3!a15d 3

O 73A Charges Claimed 6*35z 4


m

O 33a Total Amount Claimed A or B 5

O 57a Account With Bank A, B, or D 6


du

O 72Z Sender to Receiver Information 6*35z 7

M 77J Discrepancies 70*50z 8

M 77B Disposal of Documents 3*35x 9


n

M = Mandatory, O = Optional - Network Validated Rules may apply


de

MT 734 Network Validated Rules


C1 If field 73A is present, field 33a must also be present (Error code(s): C17).
Ad

C2 The currency code in the amount fields 32A and 33a must be the same (Error code(s): C02).

20 December 2019 129


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 734 Field Specifications


1. Field 20: Sender's TRN
FORMAT

0
16x

2
PRESENCE

20
Mandatory

DEFINITION

If the message is sent by the issuing bank, this field specifies the documentary credit number
assigned by the issuing bank.

G
If the message is sent by a bank other than the issuing bank, this field specifies either the
documentary credit number assigned by the issuing bank or another reference assigned by the
Sender.

NETWORK VALIDATED RULES


SR
This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
to
2. Field 21: Presenting Bank's Reference
FORMAT
m

16x

PRESENCE
du

Mandatory

DEFINITION
n

This field specifies the reference which has been assigned by the presenting bank from which the
documents have been received.
de

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
Ad

3. Field 32A: Date and Amount of Utilisation


FORMAT

Option A 6!n3!a15d (Date)(Currency)(Amount)

130 Message Reference Guide - Standards Release Guide


MT 734 Advice of Refusal

PRESENCE

Mandatory (referenced in rule C2)

DEFINITION

This field specifies the date of the covering letter under which the documents were sent, followed

0
by the currency code and amount of the drawing.

2
NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).

20
Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the

G
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

4. Field 73A: Charges Claimed


FORMAT

Option A 6*35z SR (Narrative)

In addition to narrative text, the following line formats may be used:


to
Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)
Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)
or or
[//continuation of additional information] (Narrative)
m

PRESENCE
du

Optional (referenced in rule C1)

DEFINITION

This field specifies the charges claimed by the Sender, if any.


n

USAGE RULES
de

The structured line format may be used for bilaterally agreed codes.

Any code used in this field must be between slashes and must appear at the beginning of a line.
Ad

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

20 December 2019 131


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

5. Field 33a: Total Amount Claimed


FORMAT

Option A 6!n3!a15d (Date)(Currency)(Amount)


Option B 3!a15d (Currency)(Amount)

0
PRESENCE

2
Conditional (see rule C1, also referenced in rule C2)

20
DEFINITION

This field contains the currency code and amount claimed, including charges, by the Sender of the
message.

G
NETWORK VALIDATED RULES

In option A, Date must be a valid date expressed as YYMMDD (Error code(s): T50).

SR
Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).
to
USAGE RULES

When the amount claimed has been debited, option A must be used, specifying the value date of
the debit.
m

When reimbursement of the amount claimed is requested, option B must be used.

6. Field 57a: Account With Bank


du

FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
n

Option B [/1!a][/34x] (Party Identifier)


[35x] (Location)
de

Option D [/1!a][/34x] (Party Identifier)


4*35x (Name and Address)

PRESENCE
Ad

Optional

DEFINITION

This field specifies the financial institution at which the amount claimed is to be remitted in favour of
the Sender.

132 Message Reference Guide - Standards Release Guide


MT 734 Advice of Refusal

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

0
USAGE RULES

2
Where the message also represents a claim for refund, the absence of this field implies that the
account relationship between the Sender and the Receiver is to be used.

20
7. Field 72Z: Sender to Receiver Information
FORMAT

G
Option Z 6*35z (Narrative)

In addition to narrative text, structured text with the following line formats may be used:

Line 1
Lines 2-6 SR
/8c/[additional information]
[/8c/[additional information]]
or
[//continuation of additional information]
(Code)(Narrative)
(Code)(Narrative)
or
(Narrative)
to
PRESENCE

Optional

DEFINITION
m

This field specifies additional information for the Receiver.


du

USAGE RULES

The structured line format may be used for bilaterally agreed codes.

Any code must be between slashes and must appear at the beginning of a line.
n

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
de

information in the field.

8. Field 77J: Discrepancies


Ad

FORMAT

Option J 70*50z (Narrative)

PRESENCE

Mandatory

20 December 2019 133


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field specifies the reason(s) for refusal of the document(s), for example, discrepancies. It may
contain any type of instruction or information.

9. Field 77B: Disposal of Documents

0
FORMAT

2
Option B 3*35x (Narrative)

20
The following line formats must be used:

In addition to narrative text, the following line formats may be used:

Line 1 /8c/[additional information] (Code)(Narrative)

G
Lines 2-3 [//continuation of additional information] (Narrative)

PRESENCE

Mandatory

DEFINITION SR
This field contains information regarding the disposal of the documents.
to
CODES

Code mustmay contain one of the following codes (Error code(s): T60): codes: |
m

HOLD Documents held pending further instructions from the presenter

NOTIFY Documents held until the issuing bank receives a waiver from the applicant and
agrees to accept it, or receives further instructions from the presenter prior to
du

agreeing to accept a waiver

PREVINST Acting in accordance with instructions previously received from the presenter

RETURN Documents being returned to you


n

USAGE RULES
de

Any code must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.
Ad

134 Message Reference Guide - Standards Release Guide


MT 740 Authorisation to Reimburse

MT 740 Authorisation to Reimburse

MT 740 Scope
This message is sent by the issuing bank to the reimbursing bank.

0
It is used to request the Receiver to honour claims for reimbursement of payment(s) or

2
negotiation(s) under a documentary credit.

The MT 740 authorises the reimbursing bank to debit the account of the Sender, or one of the

20
Sender's branches if so indicated, for reimbursements effected in accordance with the instructions
in the MT 740.

This message should be used for L/Cs and standby L/Cs. It must not be used for guarantees.

G
MT 740 Format Specifications
MT 740 Authorisation to Reimburse
Status

O
Tag

20

25
Documentary Credit Number

Account Identification
SR
Field Name

16x

35x
Content/Options No.

M 40F Applicable Rules 30x 3


to
O 31D Date and Place of Expiry 6!n29x 4

O 58a Negotiating Bank A or D 5

O 59 Beneficiary [/34x] 6
m

4*35x

M 32B Credit Amount 3!a15d 7


du

O 39A Percentage Credit Amount Tolerance 2n/2n 8

O 39C Additional Amounts Covered 4*35x 9

M 41a Available With ... By ... A or D 10


n

O 42C Drafts at ... 3*35x 11


de

O 42a Drawee A or D 12

O 42M Mixed Payment Details 4*35x 13

O 42P Negotiation/Deferred Payment Details 4*35x 14


Ad

O 71A Reimbursing Bank's Charges 3!a 15

O 71D Other Charges 6*35z 16

O 72Z Sender to Receiver Information 6*35z 17

M = Mandatory, O = Optional - Network Validated Rules may apply

20 December 2019 135


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 740 Network Validated Rules


C1 When used, fields 42C and 42a must both be present (Error code(s): C90).

C2 Either fields 42C and 42a together, or field 42M alone, or field 42P alone may be present. No other
combination of these fields is allowed (Error code(s): C90).

0
C3 Either field 58a or 59, but not both, may be present (Error code(s): D84).

2
MT 740 Field Specifications

20
1. Field 20: Documentary Credit Number
FORMAT

G
16x

PRESENCE

Mandatory

DEFINITION
SR
This field specifies the documentary credit number which has been assigned by the Sender.
to
NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
m

2. Field 25: Account Identification


du

FORMAT

35x (Account)
n

PRESENCE

Optional
de

DEFINITION

This field identifies the account which is to be debited for reimbursements.


Ad

USAGE RULES

The account specified may also be that of a branch of the Sender.

136 Message Reference Guide - Standards Release Guide


MT 740 Authorisation to Reimburse

3. Field 40F: Applicable Rules


FORMAT

Option F 30x

0
PRESENCE

Mandatory

2
DEFINITION

20
This field specifies the rules the reimbursement is subject to.

CODES

One of the following codes must be used (Error code(s): T59).

G
NOTURR The reimbursement under the credit is not subject to the ICC
Uniform Rules for Bank-to-Bank Reimbursement

URR LATEST VERSION

4. Field 31D: Date and Place of Expiry


SR
The reimbursement under the credit is subject to the version of
the ICC Uniform Rules for Bank-to-Bank Reimbursement,
which is in effect on the date of issue
to
FORMAT

Option D 6!n29x (Date)(Place)


m

PRESENCE

Optional
du

DEFINITION

This field specifies the latest date for presentation under the documentary credit and the place
where documents may be presented.
n

NETWORK VALIDATED RULES


de

Date must be a valid date expressed as YYMMDD (Error code(s): T50).

USAGE RULES
Ad

This field should not be used to specify the latest date for presentation of a reimbursement claim or
an expiry date for the reimbursement authorisation.

20 December 2019 137


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

5. Field 58a: Negotiating Bank


FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)

0
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

2
PRESENCE

20
Conditional (see rule C3)

DEFINITION

This field identifies the drawer of the drafts to be drawn on the reimbursing bank, when the drawer
is the negotiating bank.

G
NETWORK VALIDATED RULES

SR
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

USAGE RULES
to
Option A is the preferred option. Option D is only allowed when it is necessary to indicate a name
and address or to indicate negotiating bank under freely negotiable credits.
m

6. Field 59: Beneficiary


FORMAT
du

[/34x] (Account)
4*35x (Name and Address)
n

PRESENCE

Conditional (see rule C3)


de

DEFINITION

This field identifies the drawer of the drafts to be drawn on the reimbursing bank, when the drawer
Ad

is the beneficiary.

7. Field 32B: Credit Amount


FORMAT

Option B 3!a15d (Currency)(Amount)

138 Message Reference Guide - Standards Release Guide


MT 740 Authorisation to Reimburse

PRESENCE

Mandatory

DEFINITION

This field contains the currency code and amount of the documentary credit.

0
NETWORK VALIDATED RULES

2
Currency must be a valid ISO4217 currency code (Error code(s): T52).

20
The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

USAGE RULES

G
Special information relative to the amount of the credit must be specified in field 39A Percentage
Credit Amount Tolerance or field 39C Additional Amounts Covered.

8. Field 39A: Percentage Credit Amount Tolerance


FORMAT

Option A 2n/2n
SR (Tolerance 1)(Tolerance 2)
to
PRESENCE

Optional
m

DEFINITION

This field specifies the tolerance relative to the documentary credit amount as a percentage plus
and/or minus that amount.
du

USAGE RULES

Tolerance 1 specifies a positive tolerance, Tolerance 2 specifies a negative tolerance.


n

9. Field 39C: Additional Amounts Covered


de

FORMAT

Option C 4*35x (Narrative)


Ad

PRESENCE

Optional

DEFINITION

This field specifies any additional amounts covered such as insurance, freight, interest, etc.

20 December 2019 139


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

10. Field 41a: Available With ... By ...


FORMAT

Option A 4!a2!a2!c[3!c] (Identifier Code)


14x (Code)

0
Option D 4*35x (Name and Address)
14x (Code)

2
PRESENCE

20
Mandatory

DEFINITION

This field identifies the bank(s) authorised to claim reimbursement. It is followed by how the credit
is available for example, by payment, by acceptance, etc.

G
CODES

BY ACCEPTANCE

BY DEF PAYMENT
SR
In option A or D, Code must contain one of the following codes (Error code(s): T68):

BY MIXED PYMT
to
BY NEGOTIATION

BY PAYMENT
m

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
du

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).
n

USAGE RULES

If the credit is to be freely negotiable by any bank, option D must be used with the phrase Any
de

bank in ... (city or country).

If the credit is to be freely negotiable by any bank anywhere in the world, an indication of country is
not required.
Ad

When Code contains either BY DEF PAYMENT or BY MIXED PYMT, the specific details of the
payment terms must be specified in fields 42P and 42M.

When Code contains BY PAYMENT, this should be understood to mean payment at sight.

140 Message Reference Guide - Standards Release Guide


MT 740 Authorisation to Reimburse

11. Field 42C: Drafts at ...


FORMAT

Option C 3*35x (Narrative)

0
PRESENCE

Conditional (see rules C1 and C2)

2
DEFINITION

20
This field specifies the tenor of drafts to be drawn under the documentary credit.

12. Field 42a: Drawee

G
FORMAT

Option A [/1!a][/34x] (Party Identifier)

SR
4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

PRESENCE

Conditional (see rules C1 and C2)


to
DEFINITION

This field identifies the drawee of the drafts to be drawn under the documentary credit.
m

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
du

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).
n

USAGE RULES
de

Party Identifier must not be present.

13. Field 42M: Mixed Payment Details


Ad

FORMAT

Option M 4*35x (Narrative)

PRESENCE

Conditional (see rule C2)

20 December 2019 141


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field specifies the payment dates, amounts and/or method for their determination in a
documentary credit which is available by mixed payment.

14. Field 42P: Negotiation/Deferred Payment Details

0
FORMAT

2
Option P 4*35x (Narrative)

20
PRESENCE

Conditional (see rule C2)

DEFINITION

G
This field specifies the payment date or method for its determination in a documentary credit which
is available by deferred payment or negotiation only.

15. Field 71A: Reimbursing Bank's Charges


FORMAT

Option A 3!a
SR (Code)
to
PRESENCE

Optional
m

DEFINITION

This field specifies by which party the reimbursing bank's charges are to be borne.
du

CODES

One of the following codes may be used (Error code(s): T08):


n

CLM Claiming bank's Charges are for the account of the bank claiming reimbursement.
charges
de

OUR Our charges Charges are to be borne by the Sender.

USAGE RULES
Ad

The absence of this field implies that charges will be borne by the Sender of this message.

16. Field 71D: Other Charges


FORMAT

Option D 6*35z (Narrative)

142 Message Reference Guide - Standards Release Guide


MT 740 Authorisation to Reimburse

In addition to narrative text, the following line formats may be used:

Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)


Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)
or or
[//continuation of additional information] (Narrative)

0
PRESENCE

2
Optional

20
DEFINITION

This field may only be used to indicate whether acceptance and/or discount charges are applicable
and, if so, by which party these charges are to be borne.

CODES

G
One or more of the following codes may be used in Code, followed by the currency code and
amount:

ACCECHGS

DISCCHGS

USAGE RULES
Acceptance Charges

Discount Charges SR
to
Any code used in this field must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.
m

17. Field 72Z: Sender to Receiver Information


du

FORMAT

Option Z 6*35z (Narrative)

In addition to narrative text, structured text with the following line formats may be used:
n

Line 1 /8c/[additional information] (Code)(Narrative)


de

Lines 2-6 [/8c/[additional information]] (Code)(Narrative)


or or
[//continuation of additional information] (Narrative)
Ad

PRESENCE

Optional

DEFINITION

This field contains any specific instructions for the reimbursing bank. It may also be used to
indicate if pre-debit notification from the reimbursing bank to the issuing bank is required.

20 December 2019 143


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

USAGE RULES

Any latest date for a reimbursement claim or an expiry date for the reimbursement authorisation
should be indicated in this field and not in field 31D.

When this field is used to indicate if pre-debit notification from the reimbursing bank to the issuing
bank is required, the number and type, that is, banking or calendar, of days within which the issuing

0
bank has to be notified should also be indicated.

2
The absence of specific instructions in this field concerning the claiming bank's charges implies that
the reimbursing bank is authorised to pay those charges.

20
The structured line format may be used for bilaterally agreed codes.

Any code must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last

G
information in the field.

SR
to
m
n du
de
Ad

144 Message Reference Guide - Standards Release Guide


MT 742 Reimbursement Claim

MT 742 Reimbursement Claim

MT 742 Scope
This message is sent by the paying/negotiating bank to the bank authorised to reimburse the

0
Sender for its payments/negotiations.

2
It is used to claim reimbursement of payment(s) or negotiation(s) under a documentary credit, as
relevant to the reimbursing bank.

20
This message should be used for L/Cs and standby L/Cs. It must not be used for guarantees.

MT 742 Format Specifications

G
MT 742 Reimbursement Claim
Status Tag Field Name Content/Options No.

SR
M 20 Claiming Bank's Reference 16x 1

M 21 Documentary Credit Number 16x 2

O 31C Date of Issue 6!n 3

M 52a Issuing Bank A or D 4

M 32B Principal Amount Claimed 3!a15d 5


to
O 33B Additional Amount Claimed as Allowed for in 3!a15d 6
Excess of Principal Amount

O 71D Charges 6*35z 7


m

M 34a Total Amount Claimed A or B 8

O 57a Account With Bank A, B, or D 9


du

O 58a Beneficiary Bank A or D 10

O 72Z Sender to Receiver Information 6*35z 11

M = Mandatory, O = Optional - Network Validated Rules may apply


n

MT 742 Network Validated Rules


de

There are no network validated rules for this message type.


Ad

MT 742 Field Specifications


1. Field 20: Claiming Bank's Reference
FORMAT

16x

20 December 2019 145


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Mandatory

DEFINITION

This field contains the reference which has been assigned to the transaction by the Sender.

0
NETWORK VALIDATED RULES

2
This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

20
2. Field 21: Documentary Credit Number
FORMAT

G
16x

PRESENCE

Mandatory

DEFINITION
SR
This field specifies the documentary credit number which has been assigned by the bank which
issued the authorisation to reimburse (issuing bank).
to
NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
m

(Error code(s): T26).

3. Field 31C: Date of Issue


du

FORMAT

Option C 6!n (Date)


n

PRESENCE
de

Optional

DEFINITION
Ad

This field specifies the date on which the issuing bank considers the documentary credit as being
issued.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).

146 Message Reference Guide - Standards Release Guide


MT 742 Reimbursement Claim

4. Field 52a: Issuing Bank


FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)

0
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

2
PRESENCE

20
Mandatory

DEFINITION

This field identifies the bank which has given the authorisation to reimburse.

G
NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

SR
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

5. Field 32B: Principal Amount Claimed


to
FORMAT

Option B 3!a15d (Currency)(Amount)


m

PRESENCE

Mandatory
du

DEFINITION

This field contains the currency code and amount of principal claimed by the Sender of the
n

message. It is the amount which is to be deducted from the outstanding balance of the
documentary credit.
de

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).
Ad

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

USAGE RULES

If the amount claimed is in a currency other than the currency of the credit, this field must indicate
the currency of the amount claimed. Details of the conversion and the amount deducted from the

20 December 2019 147


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

outstanding balance of the documentary credit must be given in field 72Z.

6. Field 33B: Additional Amount Claimed as Allowed for in Excess of


Principal Amount
FORMAT

0
Option B 3!a15d (Currency)(Amount)

2
PRESENCE

20
Optional

DEFINITION

This field specifies any additional amount(s) paid/negotiated on the strength of special

G
authorisation, such as specifications provided in field 39C of the MT 700.

NETWORK VALIDATED RULES

SR
Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).
to
USAGE RULES

If the amount claimed is in a currency other than the currency of the credit, then this field must
indicate the currency of the amount claimed.
m

Details of the conversion and the amount deducted from the outstanding balance of the
documentary credit must be given in field 72Z.
du

7. Field 71D: Charges


FORMAT
n

Option D 6*35z (Narrative)


de

In addition to narrative text, the following line formats may be used:

Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)


Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)
or or
Ad

[//continuation of additional information] (Narrative)

PRESENCE

Optional

148 Message Reference Guide - Standards Release Guide


MT 742 Reimbursement Claim

DEFINITION

This field is used to identify charges which have been added or deducted by the Sender.

CODES

One or more of the following codes may be used in Code, followed by the currency code and

0
amount:

2
AGENT Agent's Commission

COMM Our Commission

20
CORCOM Our Correspondent's Commission

DISC Commercial Discount

INSUR Insurance Premium

G
POST Our Postage

STAMP Stamp Duty

SR
TELECHAR Teletransmission Charges

WAREHOUS Wharfing and Warehouse

USAGE RULES

Any code used in this field must be between slashes and must appear at the beginning of a line.
to
Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

8. Field 34a: Total Amount Claimed


m

FORMAT
du

Option A 6!n3!a15d (Date)(Currency)(Amount)


Option B 3!a15d (Currency)(Amount)

PRESENCE
n

Mandatory
de

DEFINITION

This field specifies the currency code and total amount claimed from the reimbursing bank. The
date, if present, will represent the value date of the claimed amount.
Ad

NETWORK VALIDATED RULES

In option A, Date must be a valid date expressed as YYMMDD (Error code(s): T50).

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

20 December 2019 149


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

USAGE RULES

This field is the total of the amounts in fields 32B and 33B, and any charges specified in field 71D.

0
It is recommended to have the same currency codes in 32B, 33B, 71D and 34a.

2
9. Field 57a: Account With Bank

20
FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
Option B [/1!a][/34x] (Party Identifier)

G
[35x] (Location)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

PRESENCE

Optional
SR
DEFINITION
to
This field identifies the bank, if different from the Receiver, at which the Receiver is requested to
remit the total amount claimed, in favour of the Sender of this message, or its branch or affiliate
bank, as specified in field 58a.
m

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
du

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).
n

10. Field 58a: Beneficiary Bank


de

FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
Ad

Option D [/1!a][/34x] (Party Identifier)


4*35x (Name and Address)

PRESENCE

Optional

150 Message Reference Guide - Standards Release Guide


MT 742 Reimbursement Claim

DEFINITION

This field identifies the branch or affiliate bank of the Sender, in favour of which the total amount
claimed is to be transferred.

NETWORK VALIDATED RULES

0
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

2
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

20
USAGE RULES

If the account of a branch or an affiliate of the Sender is to be credited by the Receiver, this field
will be used to identify that branch or affiliate and its account serviced by the Receiver. In this case,

G
field 57a should not be present.

Additionally, where there are multiple account relationships between the Sender and the Receiver

SR
or the account with bank, this field shall specify the Sender's SWIFT address, that is, option A, and
in the account number line, the specific account to be credited.

11. Field 72Z: Sender to Receiver Information


FORMAT
to
Option Z 6*35z (Narrative)

In addition to narrative text, structured text with the following line formats may be used:
m

Line 1 /8c/[additional information] (Code)(Narrative)


Lines 2-6 [/8c/[additional information]] (Code)(Narrative)
or or
[//continuation of additional information] (Narrative)
du

PRESENCE

Optional
n

DEFINITION
de

This field contains instructions or additional information for the Receiver.

CODES
Ad

The following code may be used in Code:

REIMBREF Reimbursing bank's reference

USAGE RULES

Any code must be between slashes and must appear at the beginning of a line.

20 December 2019 151


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

2 0
20
G
SR
to
m
n du
de
Ad

152 Message Reference Guide - Standards Release Guide


MT 744 Notice of Non-Conforming Reimbursement Claim

MT 744 Notice of Non-Conforming Reimbursement


Claim

MT 744 Scope

0
This message is sent by the reimbursing bank to the bank claiming reimbursement.

2
It is used to notify the Receiver that the Sender considers the claim, on the face of it, as not to be in
accordance with the instruction in the Reimbursement Authorisation for the reason(s) as stated in

20
this message. The Sender also provides the Receiver with details regarding the disposal of the
claim.

This message should be used for L/Cs and standby L/Cs. It must not be used for guarantees.

G
MT 744 Format Specifications

SR
MT 744 Notice of Non-Conforming Reimbursement Claim
Status Tag Field Name Content/Options No.

M 20 Sender's Reference 16x 1

M 21 Claiming Bank's Reference 16x 2

M 52a Issuing Bank A or D 3


to
M 21A Documentary Credit Number 16x 4

O 31C Date of Issue 6!n 5

M 34a Total Amount Claimed A or B 6


m

M 73R Reason for Non-Payment 4!c[/35x] 7

M 73S Disposal of Reimbursement Claim 4!c[/35x] 8


du

O 71D Reimbursing Bank's Charges 6*35z 9

O 72Z Sender to Receiver Information 6*35z 10

M = Mandatory, O = Optional - Network Validated Rules may apply


n
de

MT 744 Network Validated Rules


There are no network validated rules for this message type.
Ad

20 December 2019 153


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 744 Field Specifications


1. Field 20: Sender's Reference
FORMAT

0
16x

2
PRESENCE

20
Mandatory

DEFINITION

This field specifies the unique and unambiguous identifier assigned by the issuer.

G
NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

2. Field 21: Claiming Bank's Reference


FORMAT
SR
to
16x

PRESENCE

Mandatory
m

DEFINITION
du

This field specifies the unique and unambiguous identifier assigned by the receiver.

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
n

(Error code(s): T26).


de

3. Field 52a: Issuing Bank


FORMAT
Ad

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

154 Message Reference Guide - Standards Release Guide


MT 744 Notice of Non-Conforming Reimbursement Claim

PRESENCE

Mandatory

DEFINITION

This field identifies the bank which issued the documentary credit and gave the authorisation to

0
reimburse .

2
NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

20
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).

G
4. Field 21A: Documentary Credit Number
FORMAT

Option A

PRESENCE

Mandatory
16x

SR
to
DEFINITION

This field specifies the documentary credit number assigned by the bank which issued the
documentary credit.
m

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
du

(Error code(s): T26).

USAGE RULES
n

This field must be copied, unchanged, from field 21 of the received MT 742.
de

5. Field 31C: Date of Issue


FORMAT

Option C 6!n (Date)


Ad

PRESENCE

Optional

20 December 2019 155


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field specifies the date on which the issuing bank considers the documentary credit as being
issued.

NETWORK VALIDATED RULES

0
Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

2
USAGE RULES

This field must be copied, unchanged, from field 31C of the received MT 742.

20
6. Field 34a: Total Amount Claimed
FORMAT

G
Option A 6!n3!a15d (Date)(Currency)(Amount)
Option B 3!a15d (Currency)(Amount)

PRESENCE

Mandatory

DEFINITION
SR
to
This field specifies the currency code and total amount claimed from the reimbursing bank. The
date, if present, will represent the value date of the claimed amount.

NETWORK VALIDATED RULES


m

Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

Currency must be a valid ISO 4217 currency code (Error code(s): T52).
du

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).
n

7. Field 73R: Reason for Non-Payment


de

FORMAT

Option R 4!c[/35x] (Code)(Narrative)


Ad

PRESENCE

Mandatory

DEFINITION

This field specifies the reason for non-payment.

156 Message Reference Guide - Standards Release Guide


MT 744 Notice of Non-Conforming Reimbursement Claim

CODES

Code must contain one of the following codes (Error code(s): T48):

DIFF Different claiming bank.

DUPL Duplicate claim.

0
INSU Insufficient information in the claim (for example, payment instruction incomplete, shipment
data missing).

2
NAUT Not authorised by Issuing Bank to reimburse.

20
OTHR Any other reason which must be specified in text (2nd subfield).

OVER Total claim exceeds maximum documentary credit amount (excluding any additional
amounts covered).

REFE Refer to Issuing Bank for further instruction.

G
TTNA TT claim not allowed.

WINF Information stated in the claim differ from the R/A.

SR
XAMT Total claim exceeds available documentary credit amount (sum of maximum credit amount
and additional amounts covered).

8. Field 73S: Disposal of Reimbursement Claim


FORMAT
to
Option S 4!c[/35x] (Code)(Narrative)

PRESENCE
m

Mandatory

DEFINITION
du

This field specifies the action taken by the Reimbursing Bank.

CODES
n

Code must contain one of the following codes (Error code(s): T60):
de

CANC Claim is cancelled.

HOLD Claim is held.

RETD Claim is rejected and documents (draft) returned.


Ad

NETWORK VALIDATED RULES

If Code contains HOLD, then further requirements to be specified in Narrative (Error code(s): T79).

20 December 2019 157


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

9. Field 71D: Reimbursing Bank's Charges


FORMAT

Option D 6*35z (Narrative)

0
In addition to narrative text, the following line formats may be used:

Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)

2
Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)
or or

20
[//continuation of additional information] (Narrative)

PRESENCE

Optional

G
DEFINITION

This field specifies the reimbursing bank's charges related to this message, this shall include the

CODES
account details of the reimbursing bank.

SR
One or more of the following codes may be used in Code, followed by the currency code and
amount:
to
AGENT Agent's Commission

COMM Our Commission

CORCOM Our Correspondent's Commission


m

DISC Commercial Discount

INSUR Insurance Premium


du

POST Our Postage

STAMP Stamp Duty

TELECHAR Teletransmission Charges


n

WAREHOUS Wharfing and Warehouse


de

10. Field 72Z: Sender to Receiver Information


FORMAT
Ad

Option Z 6*35z (Narrative)

In addition to narrative text, structured text with the following line formats may be used:

Line 1 /8c/[additional information] (Code)(Narrative)

158 Message Reference Guide - Standards Release Guide


MT 744 Notice of Non-Conforming Reimbursement Claim

Lines 2-6 [/8c/[additional information]] (Code)(Narrative)


or or
[//continuation of additional information] (Narrative)

PRESENCE

Optional

0
DEFINITION

2
This field contains additional information for the Receiver.

20
USAGE RULES

The structured line format may be used for bilaterally agreed codes.

Any code must be between slashes and must appear at the beginning of a line.

G
Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

SR
to
m
n du
de
Ad

20 December 2019 159


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 747 Amendment to an Authorisation to Reimburse

MT 747 Scope
This message is sent by the bank which has issued an authorisation to reimburse (issuing bank) to

0
the reimbursing bank.

2
It is used to inform the Receiver about amendments to the terms and conditions of the credit
relevant to the authorisation to reimburse.

20
The amendment is to be considered as part of the authorisation to reimburse.

This message should be used for L/Cs and standby L/Cs. It must not be used for guarantees.

MT 747 Format Specifications

G
MT 747 Amendment to an Authorisation to Reimburse
Status

M
Tag

20

21

30
Documentary Credit Number
SR
Field Name

Reimbursing Bank's Reference

Date of the Original Authorisation to Reimburse


16x

16x

6!n
Content/Options No.

3
to
O 31E New Date of Expiry 6!n 4

O 32B Increase of Documentary Credit Amount 3!a15d 5

O 33B Decrease of Documentary Credit Amount 3!a15d 6


m

O 34B New Documentary Credit Amount After 3!a15d 7


Amendment

O 39A Percentage Credit Amount Tolerance 2n/2n 8


du

O 39C Additional Amounts Covered 4*35x 9

O 72Z Sender to Receiver Information 6*35z 10

O 77 Narrative 20*35z 11
n

M = Mandatory, O = Optional - Network Validated Rules may apply


de

MT 747 Network Validated Rules


Ad

C1 At least one of the fields 31E, 32B, 33B, 34B, 39A, 39C, 72Z or 77 must be present (Error code(s):
C15).

C2 If either field 32B or 33B is present, then field 34B must also be present (Error code(s): C12).

C3 If field 34B is present, either field 32B or 33B must also be present (Error code(s): C12).

C4 The currency code in the amount fields 32B, 33B and 34B must be the same (Error code(s): C02).

160 Message Reference Guide - Standards Release Guide


MT 747 Amendment to an Authorisation to Reimburse

MT 747 Usage Rules


• Terms and conditions which are not mentioned in the amendment message remain unchanged.

• The cancellation of an MT 740 Authorisation to Reimburse takes the form of an amendment.


The MT 747 must therefore be used.

0
• Information conveyed in field 77 must not repeat information present in other fields in this
message. Specific fields must be used as much as possible.

2
MT 747 Field Specifications

20
1. Field 20: Documentary Credit Number
FORMAT

G
16x

PRESENCE

Mandatory

DEFINITION
SR
This field contains the documentary credit number which has been assigned by the issuing bank.
to
NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
m

2. Field 21: Reimbursing Bank's Reference


du

FORMAT

16x
n

PRESENCE

Optional
de

DEFINITION

This field contains the reference number, assigned by the Receiver of the message.
Ad

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

20 December 2019 161


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

3. Field 30: Date of the Original Authorisation to Reimburse


FORMAT

6!n (Date)

0
PRESENCE

Mandatory

2
DEFINITION

20
This field specifies the date on which the original authorisation to reimburse was sent.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).

G
4. Field 31E: New Date of Expiry
FORMAT

Option E

PRESENCE
6!n SR (Date)
to
Conditional (see rule C1)

DEFINITION

This field specifies the new, that is, revised, expiry date for presentation under the documentary
m

credit.

NETWORK VALIDATED RULES


du

Date must be a valid date expressed as YYMMDD (Error code(s): T50).

USAGE RULES
n

This field should not be used to specify a new latest date for presentation of a reimbursement claim
or a new expiry date for the reimbursement authorisation.
de

5. Field 32B: Increase of Documentary Credit Amount


FORMAT
Ad

Option B 3!a15d (Currency)(Amount)

PRESENCE

Conditional (see rules C1 and C3, also referenced in rules C2 and C4)

162 Message Reference Guide - Standards Release Guide


MT 747 Amendment to an Authorisation to Reimburse

DEFINITION

This field contains the currency code and amount by which the documentary credit amount has
been increased.

NETWORK VALIDATED RULES

0
Currency must be a valid ISO 4217 currency code (Error code(s): T52).

2
The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

20
USAGE RULES

Currency of any increase in the credit must be in the same currency as that of the original credit.

G
6. Field 33B: Decrease of Documentary Credit Amount
FORMAT

Option B

PRESENCE
3!a15d

SR (Currency)(Amount)

Conditional (see rules C1 and C3, also referenced in rules C2 and C4)
to
DEFINITION

This field contains the currency code and amount by which the documentary credit amount has
been decreased.
m

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).
du

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).
n

USAGE RULES
de

Currency of any decrease in the credit must be in the same currency as that of the original credit.

7. Field 34B: New Documentary Credit Amount After Amendment


Ad

FORMAT

Option B 3!a15d (Currency)(Amount)

PRESENCE

Conditional (see rules C1 and C2, also referenced in rules C3 and C4)

20 December 2019 163


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field contains the currency code and total amount of the documentary credit after the
amendment, disregarding any drawings on the credit.

NETWORK VALIDATED RULES

0
Currency must be a valid ISO 4217 currency code (Error code(s): T52).

2
The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

20
USAGE RULES

Currency of the new documentary credit must be in the same currency as that of the original credit.

G
8. Field 39A: Percentage Credit Amount Tolerance
FORMAT

Option A

PRESENCE
2n/2n

Conditional (see rule C1)


SR (Tolerance 1)(Tolerance 2)
to
DEFINITION

Where the credit amount tolerance is being amended, this field specifies the new tolerance relative
to the documentary credit amount as a percentage plus and/or minus that amount.
m

USAGE RULES

Tolerance 1 specifies a positive tolerance, Tolerance 2 specifies a negative tolerance.


du

9. Field 39C: Additional Amounts Covered


FORMAT
n

Option C 4*35x (Narrative)


de

PRESENCE

Conditional (see rule C1)


Ad

DEFINITION

This field specifies amendments to any additional amounts covered such as insurance, freight,
interest, etc.

164 Message Reference Guide - Standards Release Guide


MT 747 Amendment to an Authorisation to Reimburse

10. Field 72Z: Sender to Receiver Information


FORMAT

Option Z 6*35z (Narrative)

0
In addition to narrative text, structured text with the following line formats may be used:

Line 1 /8c/[additional information] (Code)(Narrative)

2
Lines 2-6 [/8c/[additional information]] (Code)(Narrative)
or or

20
[//continuation of additional information] (Narrative)

PRESENCE

Conditional (see rule C1)

G
DEFINITION

This field contains instructions or additional information for the Receiver.

CODES

The following code may be used in Code:


SR
CANC Cancelled The reimbursement authorisation is cancelled for the unutilized portion
to
of the credit to which it refers.

USAGE RULES

Any new latest date for a reimbursement claim or a new expiry date for the reimbursement
m

authorisation should be indicated in this field and not in field 31E.

When this field is used to indicate if pre-debit notification from the reimbursing bank to the issuing
du

bank is required, the number and type, that is, banking or calendar, of days within which the issuing
bank must be notified should also be indicated.

Any code must be between slashes and must appear at the beginning of a line.
n

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.
de

11. Field 77: Narrative


FORMAT
Ad

20*35z (Narrative)

In addition to narrative text, structured text with the following line formats may be used:

Line 1 /8a/[additional information] (Code)(Narrative)

20 December 2019 165


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Lines 2-20 [//continuation of additional information] (Narrative)


or or
[/8a/[additional information]] (Code)(Narrative)

PRESENCE

Conditional (see rule C1)

0
DEFINITION

2
This field specifies amendments for which no other specific field has been included in the message.

20
USAGE RULES

The structured line format may be used for bilaterally agreed codes.

Any code must be between slashes and must appear at the beginning of a line.

G
Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

SR
This field may include ERI, as specified in the chapter entitled "Euro-Related Information (ERI)" in
the Standards MT General Information.
to
m
n du
de
Ad

166 Message Reference Guide - Standards Release Guide


MT 750 Advice of Discrepancy

MT 750 Advice of Discrepancy

MT 750 Scope
This message is sent by the bank to which documents have been presented, to the issuing bank. It

0
may also be sent to a bank nominated to pay/accept/negotiate/incur a deferred payment
undertaking.

2
It is used to advise the Receiver that documents which have been presented are not in accordance
with the terms and conditions of the credit.

20
The MT 750 is a request for authorisation to take up documents. Authorisation may be provided
using an MT 752 Authorisation to Pay, Accept or Negotiate; a negative reply to the request may be
provided using an MT 796 Answers.

G
This message should be used for L/Cs and standby L/Cs. It must not be used for guarantees.

MT 750 Format Specifications


MT 750 Advice of Discrepancy
Status

M
Tag

20 Sender's Reference
SR
Field Name

16x
Content/Options No.

M 21 Related Reference 16x 2


to
M 32B Principal Amount 3!a15d 3

O 33B Additional Amount 3!a15d 4


m

O 71D Charges to be Deducted 6*35z 5

O 73A Charges to be Added 6*35z 6


du

O 34B Total Amount to be Paid 3!a15d 7

O 57a Account With Bank A, B, or D 8

O 72Z Sender to Receiver Information 6*35z 9


n

M 77J Discrepancies 70*50z 10

M = Mandatory, O = Optional - Network Validated Rules may apply


de

MT 750 Network Validated Rules


Ad

C1 If any one or more of fields 33B, 71D, and field 73A are present, then field 34B must also be present
(Error code(s): C13).

C2 The currency code in the amount fields 32B and 34B must be the same (Error code(s): C02).

20 December 2019 167


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 750 Field Specifications


1. Field 20: Sender's Reference
FORMAT

0
16x

2
PRESENCE

20
Mandatory

DEFINITION

This field contains the reference number which has been assigned by the Sender.

G
NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

2. Field 21: Related Reference


FORMAT
SR
to
16x

PRESENCE

Mandatory
m

DEFINITION
du

If the message is sent to the issuing bank, this field contains the documentary credit number
assigned by the issuing bank.

If the message is sent to a bank other than the issuing bank, this field contains either the
documentary credit number assigned by the issuing bank, or another reference meaningful to the
n

Receiver.
de

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
Ad

3. Field 32B: Principal Amount


FORMAT

Option B 3!a15d (Currency)(Amount)

168 Message Reference Guide - Standards Release Guide


MT 750 Advice of Discrepancy

PRESENCE

Mandatory (referenced in rule C2)

DEFINITION

This field contains the currency code and amount to be deducted from the outstanding balance of

0
the documentary credit.

2
NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

20
The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03).

G
4. Field 33B: Additional Amount
FORMAT

Option B

PRESENCE
3!a15d

Optional (referenced in rule C1)


SR (Currency)(Amount)
to
DEFINITION

This field specifies any additional amount(s) as allowed for in the credit, for example, insurance.
m

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).
du

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).
n

USAGE RULES
de

Currency may be different from the currency in field 32B. In this event, an explanation of any
currency conversion(s) must be specified in field 72Z.

5. Field 71D: Charges to be Deducted


Ad

FORMAT

Option D 6*35z (Narrative)

In addition to narrative text, the following line formats may be used:

Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)

20 December 2019 169


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)


or or
[//continuation of additional information] (Narrative)

PRESENCE

Optional (referenced in rule C1)

0
DEFINITION

2
This field specifies charges which have been deducted from the amount of the drawing.

20
CODES

One or more of the following codes may be used in Code, followed by the currency code and
amount:

G
AGENT Agent's Commission

COMM Our Commission

CORCOM

DISC

INSUR

POST
Commercial Discount

Insurance Premium

Our Postage
SR
Our Correspondent's Commission

STAMP Stamp Duty


to
TELECHAR Teletransmission Charges

WAREHOUS Wharfing and Warehouse


m

USAGE RULES

Any code used in this field must be between slashes and must appear at the beginning of a line.
du

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

6. Field 73A: Charges to be Added


n

FORMAT
de

Option A 6*35z (Narrative)

In addition to narrative text, the following line formats may be used:


Ad

Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)


Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)
or or
[//continuation of additional information] (Narrative)

170 Message Reference Guide - Standards Release Guide


MT 750 Advice of Discrepancy

PRESENCE

Optional (referenced in rule C1)

DEFINITION

This field specifies the charges which have been added to the amount of the drawing.

0
USAGE RULES

2
The structured format may be used with bilaterally agreed codes.

20
Any code used in this field must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

G
7. Field 34B: Total Amount to be Paid
FORMAT

Option B

PRESENCE
3!a15d

SR (Currency)(Amount)

Conditional (see rule C1, also referenced in rule C2)


to
DEFINITION

This field contains the currency code and total amount to be remitted to the Sender of the
message.
m

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).
du

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).
n

8. Field 57a: Account With Bank


de

FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
Ad

Option B [/1!a][/34x] (Party Identifier)


[35x] (Location)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

20 December 2019 171


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Optional

DEFINITION

This field identifies the bank at which any amounts due are to be remitted in favour of the Sender.

0
NETWORK VALIDATED RULES

2
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

20
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

USAGE RULES

G
If there is a direct account relationship in the currency of the claim between the Sender and the
Receiver, the absence of field 57a implies that this account relationship will be used in settlement

SR
of the amount to be remitted to the Sender.

9. Field 72Z: Sender to Receiver Information


FORMAT

Option Z 6*35z (Narrative)


to
In addition to narrative text, structured text with the following line formats may be used:

Line 1 /8c/[additional information] (Code)(Narrative)


m

Lines 2-6 [/8c/[additional information]] (Code)(Narrative)


or or
[//continuation of additional information] (Narrative)
du

PRESENCE

Optional
n

DEFINITION
de

This field contains instructions or additional information for the Receiver.

USAGE RULES

The structured line format may be used for bilaterally agreed codes.
Ad

Any code must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

172 Message Reference Guide - Standards Release Guide


MT 750 Advice of Discrepancy

10. Field 77J: Discrepancies


FORMAT

Option J 70*50z (Narrative)

0
In addition to narrative text, the following line formats may be used:

Line 1 /8a/[additional information] (Code)(Narrative)

2
Lines 2-70 [//continuation of additional information] (Narrative)
or or

20
[/8a/[additional information]] (Code)(Narrative)

PRESENCE

Mandatory

G
DEFINITION

This field specifies the discrepancy(ies) of the document(s).

USAGE RULES
SR
The structured line format may be used for bilaterally agreed codes.

Any code must be between slashes and must appear at the beginning of a line.
to
Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.
m
n du
de
Ad

20 December 2019 173


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 752 Authorisation to Pay, Accept or Negotiate

MT 752 Scope
This message is sent by the issuing bank, or the nominated bank if so authorised by the issuing

0
bank, to a paying/accepting/negotiating bank in response to a request for authorisation to pay/
accept/negotiate/incur a deferred payment undertaking previously requested via an MT 750 Advice

2
of Discrepancy or otherwise.

It is used to advise the Receiver that documents may be taken up, notwithstanding the

20
discrepancies, provided they are otherwise in order.

This message should be used for L/Cs and standby L/Cs. It must not be used for guarantees.

MT 752 Format Specifications

G
MT 752 Authorisation to Pay, Accept or Negotiate
Status

M
Tag

20

21

23
Documentary Credit Number

Presenting Bank's Reference

Further Identification
SR
Field Name

16x

16x

16x
Content/Options No.

3
to
M 30 Date of Advice of Discrepancy or Mailing 6!n 4

O 32B Total Amount Advised 3!a15d 5

O 71D Charges Deducted 6*35z 6


m

O 33a Net Amount A or B 7

O 53a Sender's Correspondent A, B, or D 8


du

O 54a Receiver's Correspondent A, B, or D 9

O 72Z Sender to Receiver Information 6*35z 10

O 79Z Narrative 35*50z 11


n

M = Mandatory, O = Optional - Network Validated Rules may apply


de

MT 752 Network Validated Rules


C1 If fields 32B and 71D are both present, then field 33a must also be present (Error code(s): C18).
Ad

C2 The currency code in the amount fields 32B and 33a must be the same (Error code(s): C02).

MT 752 Usage Rules


• When cover is to be remitted via other banks, these banks are specified in fields 53a and 54a.

174 Message Reference Guide - Standards Release Guide


MT 752 Authorisation to Pay, Accept or Negotiate

• The code RCB may only be used in field 72Z if both fields 53a and 54a are present in the
message.

MT 752 Field Specifications


1. Field 20: Documentary Credit Number

0
FORMAT

2
16x

20
PRESENCE

Mandatory

G
DEFINITION

This field specifies the documentary credit number which has been assigned by the issuing bank.

NETWORK VALIDATED RULES

SR
This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

2. Field 21: Presenting Bank's Reference


to
FORMAT

16x
m

PRESENCE

Mandatory
du

DEFINITION

This field contains the reference number which has been assigned by the presenting bank
n

(Receiver).

NETWORK VALIDATED RULES


de

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
Ad

3. Field 23: Further Identification


FORMAT

16x

20 December 2019 175


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Mandatory

DEFINITION

This field further identifies the purpose of the message.

0
CODES

2
One of the following codes must be used:

20
ACCEPT Conveys an authorisation to accept a draft

DEBIT Conveys an authorisation to debit the account of the issuing bank

NEGOTIATE Conveys an authorisation to negotiate the documents with discrepancies in those


cases where the original credit provides no specific reimbursement instructions or

G
payment provisions

REIMBURSE Conveys an authorisation to the presenting bank to claim reimbursement

REMITTED

SEE79Z

USAGE RULES
SR
Is used to pay the presenting bank

Conveys an authorisation and/or payment which is a mixture of the above, or a


special version of one of them and the conditions are explained in field 79Z
to
When code is REMITTED, field 33A must be present, to specify the value date of the remittance
and the amount.

4. Field 30: Date of Advice of Discrepancy or Mailing


m

FORMAT

6!n (Date)
du

PRESENCE

Mandatory
n

DEFINITION
de

This field specifies the date on which the advice of discrepancy was sent, either electronically or by
mail.

NETWORK VALIDATED RULES


Ad

Date must be a valid date expressed as YYMMDD (Error code(s): T50).

176 Message Reference Guide - Standards Release Guide


MT 752 Authorisation to Pay, Accept or Negotiate

5. Field 32B: Total Amount Advised


FORMAT

Option B 3!a15d (Currency)(Amount)

0
PRESENCE

Optional (referenced in rules C1 and C2)

2
DEFINITION

20
This field contains the currency code and total amount advised by the presenting bank, for
example, field 34B from the MT 750.

NETWORK VALIDATED RULES

G
Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and

SR
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

6. Field 71D: Charges Deducted


FORMAT
to
Option D 6*35z (Narrative)

In addition to narrative text, the following line formats may be used:


m

Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)


Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)
or or
du

[//continuation of additional information] (Narrative)

PRESENCE
n

Optional (referenced in rule C1)


de

DEFINITION

This field is used to specify the charges which have been deducted, by the Sender of the message,
from the total amount advised.
Ad

CODES

One or more of the following codes may be used in Code, followed by the currency code and
amount:

AGENT Agent's Commission

COMM Our Commission

20 December 2019 177


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

CORCOM Our Correspondent's Commission

DISC Commercial Discount

INSUR Insurance Premium

POST Our Postage

0
STAMP Stamp Duty

TELECHAR Teletransmission Charges

2
WAREHOUS Wharfing and Warehouse

20
USAGE RULES

Any code used in this field must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last

G
information in the field.

7. Field 33a: Net Amount


FORMAT

Option A
Option B
6!n3!a15d
3!a15d
SR (Date)(Currency)(Amount)
(Currency)(Amount)
to
PRESENCE

Conditional (see rule C1, also referenced in rule C2)

DEFINITION
m

This field specifies the currency code and net amount that was or will be remitted or is to be
claimed, and possibly a value date.
du

NETWORK VALIDATED RULES

In option A, Date must be a valid date expressed as YYMMDD (Error code(s): T50).
n

Currency must be a valid ISO 4217 currency code (Error code(s): T52).
de

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

USAGE RULES
Ad

When REMITTED is specified in field 23, option A must be used, to specify the value date on which
the net amount was or will be remitted.

When DEBIT is specified in field 23, option A must be used, to specify the value date on which the
account of the issuing bank is to be debited with the net amount.

178 Message Reference Guide - Standards Release Guide


MT 752 Authorisation to Pay, Accept or Negotiate

8. Field 53a: Sender's Correspondent


FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)

0
Option B [/1!a][/34x] (Party Identifier)
[35x] (Location)
Option D [/1!a][/34x] (Party Identifier)

2
4*35x (Name and Address)

20
PRESENCE

Optional

DEFINITION

G
Where required, this field specifies the account or branch of the Sender or another bank through
which the Sender will reimburse the Receiver.

NETWORK VALIDATED RULES

SR
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
to
Live destinations and Test & Training destinations (Error code(s): C05).

9. Field 54a: Receiver's Correspondent


m

FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
du

Option B [/1!a][/34x] (Party Identifier)


[35x] (Location)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)
n

PRESENCE
de

Optional

DEFINITION
Ad

Where required, this field specifies the branch of the Receiver or another financial institution at
which the funds will be made available to the Receiver.

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

20 December 2019 179


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

USAGE RULES

In those cases where funds will be made available to the Receiver at its branch or another bank,

0
through a financial institution other than the one indicated in field 53a, this financial institution, that
is, the intermediary institution, should be specified in field 54a. In this case, field 72Z must contain

2
the code RCB (Receiver's Correspondent Bank), followed by the BIC of the Receiver's branch or
other bank.

20
10. Field 72Z: Sender to Receiver Information
FORMAT

Option Z 6*35z (Narrative)

G
In addition to narrative text, structured text with the following line formats may be used:

Line 1
Lines 2-6
SR
/8c/[additional information]
[/8c/[additional information]]
or
[//continuation of additional information]
(Code)(Narrative)
(Code)(Narrative)
or
(Narrative)

PRESENCE
to
Optional

DEFINITION
m

This field contains instructions or additional information for the Receiver.

CODES
du

The following code may be used in Code:

RCB Receiver's Correspondent Bank


n

USAGE RULES
de

The structured line format may also be used for bilaterally agreed codes.

Any code must be between slashes and must appear at the beginning of a line.
Ad

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

When there is an intermediary bank between the Sender's and Receiver's correspondent, this field
should contain the code RCB, followed by the financial institution BIC (or narrative name and
address) of the Receiver's correspondent. Remark that the code RCB may only be used if both
fields 53a and 54a are present.

180 Message Reference Guide - Standards Release Guide


MT 752 Authorisation to Pay, Accept or Negotiate

This field may include ERI, as specified in the chapter entitled "Euro-Related Information (ERI)" in
the Standards MT General Information.

11. Field 79Z: Narrative


FORMAT

0
Option Z 35*50z (Narrative)

2
PRESENCE

20
Optional

DEFINITION

This field specifies additional information about the authorisation.

G
SR
to
m
n du
de
Ad

20 December 2019 181


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 754 Advice of Payment/Acceptance/Negotiation

MT 754 Scope
This message is sent by the paying, accepting or negotiating bank, or the bank incurring a deferred

0
payment undertaking, to the issuing bank. It may also be sent by the bank to which documents
have been presented to a bank that has been nominated to pay/accept.

2
It is used to advise the Receiver that documents were presented in accordance with the credit
terms and are being forwarded as instructed.

20
The MT 754 may also be used:

• for the settlement of the payment/negotiation

• as a pre-notification of a reimbursement claim from the claiming bank to the issuing bank

G
• as a pre-debit notification from the claiming bank to the issuing bank.

Note: Where a pre-debit notification from the reimbursing bank to the issuing bank is required,

specifying the future date of debit.


SR
banks should use the MT 759 Ancillary Trade Structured Message799 Free Format message ,

This message should be used for L/Cs and standby L/Cs. It must not be used for guarantees.
|

MT 754 Format Specifications


to
MT 754 Advice of Payment/Acceptance/Negotiation
Status Tag Field Name Content/Options No.
m

M 20 Sender's Reference 16x 1

M 21 Related Reference 16x 2


du

M 32a Principal Amount Paid/Accepted/Negotiated A or B 3

O 33B Additional Amounts 3!a15d 4

O 71D Charges Deducted 6*35z 5


n

O 73A Charges Added 6*35z 6


de

O 34a Total Amount Claimed A or B 7

O 53a Reimbursing Bank A, B, or D 8

O 57a Account With Bank A, B, or D 9


Ad

O 58a Beneficiary Bank A or D 10

O 72Z Sender to Receiver Information 6*35z 11

O 77 Narrative 20*35z 12

M = Mandatory, O = Optional - Network Validated Rules may apply

182 Message Reference Guide - Standards Release Guide


MT 754 Advice of Payment/Acceptance/Negotiation

MT 754 Network Validated Rules


C1 Either field 72Z or 77 may be present, but not both (Error code(s): C19).

C2 Either field 53a or 57a may be present, but not both (Error code(s): C14).

C3 The currency code in the amount fields 32a and 34a must be the same (Error code(s): C02).

2 0
MT 754 Field Specifications

20
1. Field 20: Sender's Reference
FORMAT

16x

G
PRESENCE

Mandatory

DEFINITION SR
This field contains the reference number which has been assigned by the Sender.
to
NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
m

2. Field 21: Related Reference


FORMAT
du

16x

PRESENCE
n

Mandatory
de

DEFINITION

If the MT 754 is sent to the Issuing Bank, this field contains the documentary credit number
assigned by the issuing bank.
Ad

If the message is sent to a bank other than the issuing bank, this field contains either the
documentary credit number assigned by the issuing bank, or another reference meaningful to the
Receiver.

20 December 2019 183


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

3. Field 32a: Principal Amount Paid/Accepted/Negotiated

0
FORMAT

2
Option A 6!n3!a15d (Date)(Currency)(Amount)
Option B 3!a15d (Currency)(Amount)

20
PRESENCE

Mandatory (referenced in rule C3)

G
DEFINITION

This field contains the currency code and amount which has been paid, accepted or negotiated by

SR
the Sender.

NETWORK VALIDATED RULES

In option A, Date must be a valid date expressed as YYMMDD (Error code(s): T50).

Currency must be a valid ISO 4217 currency code (Error code(s): T52).
to
The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).
m

USAGE RULES

The amount will be deducted from the outstanding balance of the documentary credit.
du

4. Field 33B: Additional Amounts


FORMAT
n

Option B 3!a15d (Currency)(Amount)


de

PRESENCE

Optional
Ad

DEFINITION

This field specifies the currency code and amount of any additional amounts allowed for in the
credit, such as insurance.

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

184 Message Reference Guide - Standards Release Guide


MT 754 Advice of Payment/Acceptance/Negotiation

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

USAGE RULES

Currency may be different from that in field 32a. When this is the case, an explanation of any

0
currency conversion(s) must be provided in field 72Z (or field 77).

2
5. Field 71D: Charges Deducted

20
FORMAT

Option D 6*35z (Narrative)

In addition to narrative text, the following line formats may be used:

G
Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)
Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)
or or

PRESENCE

Optional
SR
[//continuation of additional information] (Narrative)
to
DEFINITION

This field is used to specify the charges which have been deducted from the amount paid/
accepted/negotiated.
m

CODES

One or more of the following codes may be used in Code, followed by the currency code and
du

amount:

AGENT Agent's Commission

COMM Our Commission


n

CORCOM Our Correspondent's Commission


de

DISC Commercial Discount

INSUR Insurance Premium

POST Our Postage


Ad

STAMP Stamp Duty

TELECHAR Teletransmission Charges

WAREHOUS Wharfing and Warehouse

20 December 2019 185


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

USAGE RULES

Any code used in this field must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

0
6. Field 73A: Charges Added

2
FORMAT

20
Option A 6*35z (Narrative)

In addition to narrative text, the following line formats may be used:

Line 1 /8c/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)

G
Lines 2-6 [/8c/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)
or or
[//continuation of additional information] (Narrative)

PRESENCE

Optional

DEFINITION
SR
to
This field is used to specify any charges which have been added to the amount paid/accepted/
negotiated.

CODES
m

One or more of the following codes may be used in Code, followed by currency code and amount
when appropriate:
du

ACCPTCOM Acceptance Commission

ADVCOM Advising Commission

AMNDCOM Amendment Commission


n

CONFCOM Confirmation Commission

CORCOM Correspondent Charges


de

DEFCOM Deferred Payment Commission

DSCRPCOM Discrepancies Commission

HANDLCOM Handling Commission


Ad

INTEREST Any Interest including Discount Charges

MISC Miscellaneous

NEGCOM Negotiation Commission

NOTFCOM Notification Commission

186 Message Reference Guide - Standards Release Guide


MT 754 Advice of Payment/Acceptance/Negotiation

PAYCOM Payment Commission

POST Postal/Courier Charges

PREADCOM Preadvice Commission

SEE72Z Further details are provided in field 72Z

0
SEE77 Further details are provided in field 77

STAMP Stamp Duty

2
TELECHAR Teletransmission Charges

20
USAGE RULES

Any code used in this field must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last

G
information in the field.

7. Field 34a: Total Amount Claimed


FORMAT

Option A
Option B
6!n3!a15d
3!a15d
SR (Date)(Currency)(Amount)
(Currency)(Amount)
to
PRESENCE

Optional (referenced in rule C3)

DEFINITION
m

This field specifies the currency code and total amount claimed or to be remitted. The date, if
present, will represent the value date of the amount.
du

NETWORK VALIDATED RULES

In option A, Date must be a valid date, expressed as YYMMDD (Error code(s): T50).
n

Currency must be a valid ISO 4217 currency code (Error code(s): T52).
de

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

USAGE RULES
Ad

Depending on how the MT 754 is used, the following table provides additional information about
the use of this field:

If MT 754 is used as ... then ... where the date in 34A is ...

Pre-debit Notification always use field 34A future date of debit

20 December 2019 187


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

If MT 754 is used as ... then ... where the date in 34A is ...

Reimbursement Advice use field 34A requested execution date


or field 34B

Request for Reimbursement use field 34A requested execution date


or field 34B

0
8. Field 53a: Reimbursing Bank

2
FORMAT

20
Option A [/1!a][/34x] (Party Identifier)
4!a2!a2!c[3!c] (Identifier Code)
Option B [/1!a][/34x] (Party Identifier)
[35x] (Location)
Option D [/1!a][/34x] (Party Identifier)

G
4*35x (Name and Address)

PRESENCE

Conditional (see rule C2)

DEFINITION
SR
This field specifies the bank from which the Sender has claimed reimbursement, in accordance
to
with the terms of the documentary credit. This may be a branch of the Sender or the Receiver or an
entirely different bank.

NETWORK VALIDATED RULES


m

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
du

Live destinations and Test & Training destinations (Error code(s): C05).

9. Field 57a: Account With Bank


n

FORMAT
de

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
Option B [/1!a][/34x] (Party Identifier)
[35x] (Location)
Ad

Option D [/1!a][/34x] (Party Identifier)


4*35x (Name and Address)

PRESENCE

Conditional (see rule C2)

188 Message Reference Guide - Standards Release Guide


MT 754 Advice of Payment/Acceptance/Negotiation

DEFINITION

This field identifies the bank at which the Receiver is requested to remit the total amount claimed in
favour of the Sender of this message, or its branch or affiliate bank as specified in field 58a.

NETWORK VALIDATED RULES

0
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

2
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

20
10. Field 58a: Beneficiary Bank
FORMAT

G
Option A [/1!a][/34x] (Party Identifier)
4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)

PRESENCE

Optional
4*35x

SR (Name and Address)


to
DEFINITION

This field identifies the branch or affiliate bank of the Sender, in favour of which the total amount
claimed is to be transferred.
m

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
du

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).
n

USAGE RULES
de

If the account of a branch or an affiliate of the Sender is to be credited by the Receiver, this field
will be used to identify that branch or affiliate and its account serviced by the Receiver. In this case,
field 57a should not be present.

Additionally, in those cases where there are multiple account relationships between the Sender and
Ad

the Receiver or the account with bank, this field shall specify the Sender's BIC, that is, option A,
and, in the account number line, the specific account to be credited.

20 December 2019 189


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

11. Field 72Z: Sender to Receiver Information


FORMAT

Option Z 6*35z (Narrative)

0
In addition to narrative text, structured text with the following line formats may be used:

Line 1 /8c/[additional information] (Code)(Narrative)

2
Lines 2-6 [/8c/[additional information]] (Code)(Narrative)
or or

20
[//continuation of additional information] (Narrative)

PRESENCE

Conditional (see rule C1)

G
DEFINITION

This field contains additional information for the Receiver or account with bank.

CODES
SR
One or more of the following codes may be used in Code:

ACC Account with Instructions following are for the account with institution.
to
institution

PHONBEN Telephone Please advise/contact beneficiary by phone.


beneficiary

REC Receiver Instructions following are for the Receiver of the message.
m

TELEBEN Telecommunication Please advise the beneficiary by the most efficient means of
telecommunication.
du

USAGE RULES

This field may include ERI, as specified in the chapter entitled "Euro-Related Information (ERI)" in
the Standards MT General Information.
n

Any code must be between slashes and must appear at the beginning of a line.
de

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

12. Field 77: Narrative


Ad

FORMAT

20*35z (Narrative)

In addition to narrative text, structured text with the following line formats may be used:

190 Message Reference Guide - Standards Release Guide


MT 754 Advice of Payment/Acceptance/Negotiation

Line 1 /8a/[additional information] (Code)(Narrative)


Lines 2-20 [//continuation of additional information] (Narrative)
or or
[/8a/[additional information]] (Code)(Narrative)

PRESENCE

0
Conditional (see rule C1)

2
DEFINITION

20
This field contains additional information for which no other field has been defined within the
message.

USAGE RULES

This field is to be used instead of field 72Z, only when that field is not sufficient.

G
The structured line format may be used for bilaterally agreed codes.

SR
Any code must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.
to
m
n du
de
Ad

20 December 2019 191


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 756 Advice of Reimbursement or Payment

MT 756 Scope
This message is sent by the issuing bank to the bank from which it has received documents or by

0
the reimbursing bank to the bank from which it has received a reimbursement claim. It may also be
sent by the bank nominated to pay/accept/negotiate/incur a deferred payment undertaking to the

2
bank from which it has received documents.

It is used to advise the Receiver about reimbursement or payment, to that bank, for a drawing

20
under a documentary credit for which no specific reimbursement instructions or payment provisions
were provided.

The account relationship between the Sender and the Receiver is used unless otherwise expressly
stated in the message.

G
This message should be used for L/Cs and standby L/Cs. It must not be used for guarantees.

MT 756 Format Specifications


MT 756 Advice of Reimbursement or Payment
Status Tag
SR
Field Name Content/Options No.

M 20 Sender's Reference 16x 1


to
M 21 Presenting Bank's Reference 16x 2

M 32B Total Amount Claimed 3!a15d 3

M 33A Amount Reimbursed or Paid 6!n3!a15d 4


m

O 53a Sender's Correspondent A, B, or D 5

O 54a Receiver's Correspondent A, B, or D 6


du

O 72Z Sender to Receiver Information 6*35z 7

O 79Z Narrative 35*50z 8

M = Mandatory, O = Optional - Network Validated Rules may apply


n
de

MT 756 Network Validated Rules


C1 The currency code in the amount fields 32B and 33A must be the same (Error code(s): C02).
Ad

MT 756 Usage Rules


The code RCB may only be used in field 72Z if both fields 53a and 54a are present in the
message.

192 Message Reference Guide - Standards Release Guide


MT 756 Advice of Reimbursement or Payment

MT 756 Field Specifications


1. Field 20: Sender's Reference
FORMAT

0
16x

2
PRESENCE

20
Mandatory

DEFINITION

When this message is sent by the issuing bank, or the bank nominated to pay/accept/negotiate,
this field specifies the documentary credit number which was assigned by the issuing bank. In all

G
other cases this field contains a reference meaningful to the Sender.

NETWORK VALIDATED RULES

(Error code(s): T26).

2. Field 21: Presenting Bank's Reference


SR
This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
to
FORMAT

16x

PRESENCE
m

Mandatory
du

DEFINITION

This field contains the reference number which has been assigned by the presenting bank.

NETWORK VALIDATED RULES


n

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
de

(Error code(s): T26).

USAGE RULES

When the MT 756 is sent to the presenting bank by the reimbursing bank, this field should contain
Ad

the contents of field 20 Claiming Bank's Reference of the MT 742 Reimbursement Claim or an
equivalent reference.

20 December 2019 193


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

3. Field 32B: Total Amount Claimed


FORMAT

Option B 3!a15d (Currency)(Amount)

0
PRESENCE

Mandatory (referenced in rule C1)

2
DEFINITION

20
This field contains the currency code and total amount claimed by the bank from which documents
were received.

NETWORK VALIDATED RULES

G
Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and

SR
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

4. Field 33A: Amount Reimbursed or Paid


FORMAT
to
Option A 6!n3!a15d (Date)(Currency)(Amount)

PRESENCE
m

Mandatory (referenced in rule C1)

DEFINITION
du

This field specifies the value date, currency code and net amount to be reimbursed or paid.

NETWORK VALIDATED RULES


n

Date must be a valid date expressed as YYMMDD (Error code(s): T50).


de

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
Ad

maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

USAGE RULES

If there is a difference between this amount and the amount specified in field 32B, this must be
explained in field 72Z.

194 Message Reference Guide - Standards Release Guide


MT 756 Advice of Reimbursement or Payment

5. Field 53a: Sender's Correspondent


FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)

0
Option B [/1!a][/34x] (Party Identifier)
[35x] (Location)
Option D [/1!a][/34x] (Party Identifier)

2
4*35x (Name and Address)

20
PRESENCE

Optional

DEFINITION

G
Where required, this field specifies the account or branch of the Sender or another financial
institution through which the Sender will reimburse the Receiver.

NETWORK VALIDATED RULES

SR
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
to
Live destinations and Test & Training destinations (Error code(s): C05).

USAGE RULES

The absence of fields 53a and/or 54a implies that the single direct account relationship between
m

the Sender and Receiver, in the currency of the credit, will be used.

6. Field 54a: Receiver's Correspondent


du

FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
n

Option B [/1!a][/34x] (Party Identifier)


[35x] (Location)
de

Option D [/1!a][/34x] (Party Identifier)


4*35x (Name and Address)

PRESENCE
Ad

Optional

DEFINITION

Where required, this field specifies the branch of the Receiver or another financial institution at
which the funds will be made available to the Receiver.

20 December 2019 195


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations and Test & Training destinations (Error code(s): C05).

0
USAGE RULES

2
The absence of fields 53a and/or 54a implies that the single direct account relationship between
the Sender and Receiver, in the currency of the credit, will be used.

20
In those cases where funds will be made available to the Receiver at its branch or another bank,
through a financial institution other than the one indicated in field 53a, this financial institution, that
is, the intermediary institution, should be specified in field 54a. In this case, field 72Z must contain
the code RCB (Receiver's Correspondent Bank), followed by the BIC of the Receiver's branch or

G
other bank.

7. Field 72Z: Sender to Receiver Information


FORMAT

Option Z 6*35z
SR (Narrative)

In addition to narrative text, structured text with the following line formats may be used:
to
Line 1 /8c/[additional information] (Code)(Narrative)
Lines 2-6 [/8c/[additional information]] (Code)(Narrative)
or or
[//continuation of additional information] (Narrative)
m

PRESENCE
du

Optional

DEFINITION

This field contains additional information for the Receiver.


n

CODES
de

The following code may be used in Code:

RCB Receiver's Correspondent Bank


Ad

USAGE RULES

The structured line format may also be used for bilaterally agreed codes.

Any code must be between slashes and must appear at the beginning of a line.

196 Message Reference Guide - Standards Release Guide


MT 756 Advice of Reimbursement or Payment

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last
information in the field.

When there is an intermediary bank between the Sender's and Receiver's correspondent, this field
should contain the code RCB, followed by the financial institution BIC (or narrative name and
address) of the Receiver's correspondent. Note that, the code RCB may only be used if both fields
53a and 54a are present.

0
This field may include ERI, as specified in the chapter entitled "Euro-Related Information (ERI)" in

2
the Standards MT General Information.

20
8. Field 79Z: Narrative
FORMAT

Option Z 35*50z (Narrative)

G
PRESENCE

Optional

DEFINITION
SR
This field specifies additional information about the advice.
to
m
n du
de
Ad

20 December 2019 197


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 759 Ancillary Trade Structured Message

MT 759 Scope
This message is sent to request or to provide information, such as a fraud alert or a financing

0
request, concerning an existing trade transaction such as a documentary credit, demand
guarantee, standby letter of credit, or an undertaking (for example, a guarantee, surety, etc.).

2
This message must not be used where an existing MT is available, and it should be used rather
than the MT 799.

20
MT 759 Format Specifications
MT 759 Ancillary Trade Structured Message

G
Status Tag Field Name Content/Options No.

M 27 Sequence of Total 1!n/1!n 1

O
20

21

22D

23
Transaction Reference Number

Related Reference Number

Form of Undertaking

Undertaking Number
SR 16x

16x

4!c

16x
2

5
to
O 52a Issuer A or D 6

M 23H Function of Message 8!c 7

M 45D Narrative 150*65z 8


m

O 23X File Identification 4!c/65x 9

M = Mandatory, O = Optional - Network Validated Rules may apply


du

MT 759 Network Validated Rules


C1 If field 23H contains ISSUANCE, REQISSUE, REQAMEND, or ISSAMEND, then field 22D must
n

contain UNDK and if field 23H contains TRANSFER, then field 22D must contain DGAR, STBY, or
UNDK (Error code(s): D87).
de

If field 23H is ... Then field 22D must contain ...

ISSUANCE, REQISSUE, REQAMEND, or UNDK


ISSAMEND
Ad

TRANSFER DGAR, STBY, or UNDK

CLSVOPEN, CLSVCLOS, FRAUDMSG, DGAR, DOCR, STBY, or UNDK


GENINFAD, OTHERFNC, REIMBURS, or
REQFINAN

198 Message Reference Guide - Standards Release Guide


MT 759 Ancillary Trade Structured Message

MT 759 Field Specifications


1. Field 27: Sequence of Total
FORMAT

0
1!n/1!n (Number)(Total)

2
PRESENCE

20
Mandatory

DEFINITION

This field specifies the number of this message in the series of messages sent, and the total
number of messages in the series.

G
NETWORK VALIDATED RULES

Total (Error code(s): T75).

2. Field 20: Transaction Reference Number


SR
Number and Total must have a value in the range 1 to 8 and Number must be less than or equal to

FORMAT
to
16x

PRESENCE
m

Mandatory

DEFINITION
du

This field specifies a unique and unambiguous identifier for the message series.

NETWORK VALIDATED RULES


n

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
de

3. Field 21: Related Reference Number


FORMAT
Ad

16x

PRESENCE

Optional

20 December 2019 199


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field specifies a reference number which is meaningful to the Receiver, for example, the
reference number of a previously sent acknowledgement.

NETWORK VALIDATED RULES

0
This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

2
4. Field 22D: Form of Undertaking

20
FORMAT

Option D 4!c (Form)

G
PRESENCE

Mandatory (see rule C1)

DEFINITION

CODES
This field specifies the type of instrument. SR
Form must contain one of the following codes (Error code(s): T71):
to
DGAR Demand guarantee

DOCR Documentary credit


m

STBY Standby letter of credit

UNDK Undertaking (for example guarantee, surety)


du

5. Field 23: Undertaking Number


FORMAT
n

16x
de

PRESENCE

Optional
Ad

DEFINITION

This field specifies the unique and unambiguous undertaking identifier assigned by the issuer.

USAGE RULES

If the message relates to a specific undertaking, the undertaking number (for example,
Documentary Credit Number or Guarantee Number) must be input in this field .

200 Message Reference Guide - Standards Release Guide


MT 759 Ancillary Trade Structured Message

6. Field 52a: Issuer


FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)

0
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

2
PRESENCE

20
Optional

DEFINITION

This field specifies the party that issues the undertaking (or counter-undertaking).

G
NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

SR
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).

7. Field 23H: Function of Message


to
FORMAT

Option H 8!c (Function)


m

PRESENCE

Mandatory (referenced in rule C1)


du

DEFINITION

This field specifies the type of request or function of the message.


n

CODES
de

Function must contain one of the following codes (Error code(s): T48):

CLSVCLOS Closing of client service call by Trade Operations


Ad

CLSVOPEN Opening of client service call by Trade Operations

FRAUDMSG Advice of a fraud attempt

GENINFAD General information advice

ISSAMEND Amendment of a free-form undertaking such as a dependent guarantee

ISSUANCE Issue of a free-form undertaking such as a dependent guarantee

20 December 2019 201


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

OTHERFNC Other request

PREDENOT Pre-debit notification |

REIMBURS Request related to a reimbursement

REQAMEND Request to amend an undertaking

0
REQFINAN Financing request

REQISSUE Request to issue an undertaking

2
TRANSFER Transfer of a undertaking

20
USAGE RULES

The function may not be used if there is a specific message type, for example, MT 700, 707, 760,
767, that covers the same function.

G
8. Field 45D: Narrative
FORMAT

Option D

PRESENCE

Mandatory
150*65z

SR (Narrative)
to
DEFINITION

Details of the request or information.


m

9. Field 23X: File Identification


FORMAT
du

Option X 4!c/65x (Code)(File Name or Reference)

PRESENCE
n

Optional
de

DEFINITION

This field identifies the type of delivery channel and associated file name or reference.
Ad

CODES

Code must contain one of the following codes (Error code(s): T93):

COUR Courier delivery (for example FedEx, DHL, UPS)

EMAL Email transfer

FACT SWIFTNet FileAct

202 Message Reference Guide - Standards Release Guide


MT 759 Ancillary Trade Structured Message

FAXT Fax transfer

HOST Host-to-Host (Proprietary bank channel)

MAIL Postal delivery

OTHR Other delivery channel

0
USAGE RULES

2
The file name must exclude any path attribute.

20
The file name should be unique for a sender-recipient pair for an extended period to avoid
instances of duplicate files. This field should be agreed between parties.

G
SR
to
m
n du
de
Ad

20 December 2019 203


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

2 0
20
G
SR
to
m
n du
de
Ad

204 Message Reference Guide - Standards Release Guide


Part 2 Guarantees/Standby Letters of Credit

Part 2

0
Guarantees/Standby Letters of Credit

2
20
G
SR
to
m
n du
de
Ad

20 December 2019 205


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Guarantee/Standby Letter of Credit Message Types


The following table lists all Guarantee message types defined in Category 7.

For each message type, there is a short description, an indicator whether the message type
requires authentication (Y or N), the maximum message length for input (2,000 or 10,000

0
characters) and whether the use of the message requires registration with SWIFT for use in a
message user group (Y or N).

2
MT MT Name Purpose Signed (1) Max. MUG

20
Length

760 Issue of a Demand Issues or requests the issue of a Y 10,000 N


Guarantee/Standby guarantee or standby letter of credit
Letter of Credit

761 Issue of a Demand May specify the terms and Y 10,000 N

G
Guarantee/Standby conditions of the undertaking, and
Letter of Credit for a counter-undertaking, may
specify the requested terms and

SR
conditions of the local undertaking.
This message is sent in addition to
an MT 760, when the information in
the undertaking exceeds the
maximum message size of the MT
760.

765 Guarantee/Standby Demands payment under an Y 10,000 N


to
Letter of Credit undertaking and may include a
Demand request to extend the expiry date.

767 Amendment to a Amends a guarantee or standby Y 10,000 N


Demand Guarantee/ letter of credit which has been
m

Standby Letter of previously issued or requests the


Credit amendment of a guarantee which
the Sender has previously
requested to be issued
du

768 Acknowledgement of Acknowledges the receipt of a Y 2,000 N


a Guarantee/Standby guarantee or standby letter of credit
Message message and may indicate that
action has been taken according to
n

instructions

769 Advice of Reduction Advises that a bank has been Y 2,000 N


de

or Release released of its liability for a


specified amount under its
guarantee or standby letter of credit
Ad

206 Message Reference Guide - Standards Release Guide


Guarantee/Standby Letter of Credit Message Types

MT MT Name Purpose Signed (1) Max. MUG


Length

775 Amendment to a May specify the terms and Y 10,000 N


Demand Guarantee/ conditions of the undertaking, and
Standby Letter of for a counter-undertaking, may
Credit specify the requested terms and

0
conditions of the local undertaking.
This message is sent in addition to
an MT 767, when the information in

2
the undertaking would otherwise
exceed the maximum message size

20
of the MT 767.

785 Guarantee/Standby Notifies the beneficiary, if Y 2,000 N


Letter of Credit Non applicable, via one or more
Extension Notification advising parties, of the non-
extension of the referenced
undertaking beyond the current

G
expiry date.

786 Guarantee/Standby Used by the party obligated on the Y 10,000 N


Letter of Credit undertaking and to whom a

787
Demand Refusal

Guarantee/Standby
Letter of Credit
SR
demand for payment has been
made, to notify the beneficiary that
the demand has been refused.

Sent to the bank that issued the


undertaking amendment
Y 2,000 N

Amendment (guarantee, demand guarantee,


to
Response standby letter of credit, or
dependent undertaking), either
directly or via one or more advising
parties, to indicate acceptance or
rejection by the beneficiary of the
m

amendment.

(1) A Relationship Management Application (RMA) authorisation is required in order to sign a message.
du

Note: A Message User Group (MUG), for the purposes of this book, is a group of users who have
voluntarily agreed to support the specified message type and have registered with SWIFT to send or
receive the specified message type. These messages are indicated in the preceding table in the
column MUG.
Registration is free of charge. To register to use one or more message types, submit a registration
n

request (Order Message User Group) through the forms available on www.swift.com > Ordering
& Support > Ordering > Order Products and Services > Message User Group (MUG).
To withdraw from a MUG, use the Terminate your MUG subscription request. These forms are
de

available at www.swift.com > Ordering & Support > Ordering > Terminate and deactivate >
Message User Group (MUG).
To get the list of other members of a particular MUG, send an MT 999 to the Customer
Implementation team (SWHQBEBBCOS).
Ad

20 December 2019 207


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 760 Issue of a Demand Guarantee/Standby Letter of


Credit

MT 760 Scope

0
This message is sent in one of three ways:

2
• by the party that issues or advises the issue of an undertaking (demand guarantee or standby
letter of credit) to the beneficiary, when the beneficiary is a financial institution, or to the party

20
designated to advise the undertaking to the beneficiary or to another advising party

• by the party that issues a counter-undertaking (counter-guarantee or counter-standby) to the


party that is requested to issue a local undertaking to the beneficiary, either directly or via an
advising party

G
• by the party that issues a counter counter-undertaking (counter-guarantee or counter-standby)
to the party that is requested to issue another counter-undertaking to a party that is requested
to issue a local undertaking to the beneficiary, either directly or via an advising party

SR
Unless otherwise specified, an independent undertaking issued or advised to the beneficiary or
advised to another advising bank based on a SWIFT message constitutes an operative instrument.

MT 760 Format Specifications


to
MT 760 Issue of a Demand Guarantee/Standby Letter of Credit
Status Tag Field Name Content/Options No.

Mandatory Sequence A General Information


m

M 15A New Sequence Empty field 1

M 27 Sequence of Total 1!n/1!n 2


du

M 22A Purpose of Messagemessage 4!c 3 |

O 72Z Sender to Receiver Information 6*35z 4

O 23X File Identification 4!c/65x 5


n

End of Sequence A General Information


de

Mandatory Sequence B Undertaking Details

M 15B New Sequence Empty field 6

M 20 Undertaking Number 16x 7


Ad

M 30 Date of Issue 6!n 8

M 22D Form of Undertaking 4!c 9

M 40C Applicable Rules 4!a[/35x] 10

M 23B Expiry Type 4!c 11

O 31E Date of Expiry 6!n 12

208 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

Status Tag Field Name Content/Options No.

O 35G Expiry Condition/Event 12*65x 13

O 50 Applicant 4*35x 14

O 51 Obligor/Instructing Party 4*35x 15

0
M 52a Issuer A or D 16

M 59a Beneficiary No letter option or A 17

2
O 56a Advising Bank A or D 18

20
O 23 Advising Bank Reference 16x 19

O 57a 'Advise Through' Bank A or D 20

M 32B Undertaking Amount 3!a15d 21

O 39D Additional Amount Information 12*65z 22

G
O 41a Available With... F or G 23 |

O 71D Charges 6*35z 24

M
45C

77U
SR
Document and Presentation Instructions

Undertaking Terms and Conditions


100*65z

150*65z
23

25
24

26
25
to
O 49 Confirmation Instructions 7!x 27
26

O 58a Requested Confirmation Party A or D 28


27
m

O 44H Governing Law and/or Place of Jurisdiction 2!a[/65x] 29


28
du

O 23F Automatic Extension Period 4!a[/35x] 30


29

O 78 Automatic Extension Non-Extension Notification 12*65x 31


30
n

O 26E Automatic Extension Notification Period 3n 32


31
de

O 31S Automatic Extension Final Expiry Date 6!n 33


32

O 48B Demand Indicator 4!c 34


33
Ad

O 48D Transfer Indicator 4!c 35


34

O 39E Transfer Conditions 12*65z 36


35

O 45L Underlying Transaction Details 50*65z 37


36

20 December 2019 209


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Status Tag Field Name Content/Options No.

O 24E Delivery of Original Undertaking 4!c[/35x] 38


37

O 24G Delivery To/Collection By 4!c 39


[6*35x] 38

0
End of Sequence B Undertaking Details

Optional Sequence C Local Undertaking Details

2
M 15C New Sequence Empty field 40

20
39

O 31C Requested Date of Issue 6!n 41


40

M 22D Form of Undertaking 4!c 42


41

G
M 40C Applicable Rules 4!a[/35x] 43
42

O
22K

23B

31E
Type of Undertaking

Expiry Type

Date of Expiry
SR 4!c[/35x]

4!c

6!n
44
43

45
44

46
45
to
O 35G Expiry Condition/Event 12*65x 47
46

M 50 Applicant 4*35x 48
47
m

O 51 Obligor/Instructing Party 4*35x 49


48
du

O 52a Issuer A or D 50
49

M 59 Beneficiary [/34x] 51
4*35x 50
n

M 32B Undertaking Amount 3!a15d 52


51
de

O 39D Additional Amount Information 12*65z 53


52

O 41a Available With... F or G 54 |


Ad

O 71D Charges 6*35z 55


53

O 45C Document and Presentation Instructions 100*65z 56


54

O 77L Requested Local Undertaking Terms and 150*65z 57


Conditions 55

210 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

Status Tag Field Name Content/Options No.

O 22Y Standard Wording Required 4!c 58


56

O 40D Standard Wording Requested Language 2!a 59


57

0
O 44H Governing Law and/or Place of Jurisdiction 2!a[/65x] 60
58

2
O 23F Automatic Extension Period 4!a[/35x] 61
59

20
O 78 Automatic Extension Non-Extension Notification 12*65x 62
60

O 26E Automatic Extension Notification Period 3n 63


61

G
O 31S Automatic Extension Final Expiry Date 6!n 64
62

O 48B Demand Indicator 4!c 65

O
48D

39E
Transfer Indicator

Transfer Conditions
SR 4!c

12*65z
63

66
64

67
65
to
M 45L Underlying Transaction Details 50*65z 68
66

O 24E Delivery of Local Undertaking 4!c[/35x] 69


67
m

O 24G Delivery To/Collection By 4!c 70


[6*35x] 68
du

End of Sequence C Local Undertaking Details

M = Mandatory, O = Optional - Network Validated Rules may apply

MT 760 Network Validated Rules


n
de

C1 In sequence B, if field 23B is FIXD, then field 31E must be present, if field 23B is COND then field 31E
may be present, otherwise field 31E is not allowed (Error code(s): E01).

In sequence C, if field 23B is FIXD, then field 31E must be present, if field 23B is COND then field 31E
may be present, otherwise field 31E is not allowed (Error code(s): E01).
Ad

C2 In sequence B, if field 23B is COND, then field 35G must be present otherwise field 35G is not allowed
(Error code(s): E02).

In sequence C, if field 23B is COND, then field 35G must be present otherwise field 35G is not allowed
(Error code(s): E02).

C3 In sequence B, if field 23B is OPEN, then field 23F is not allowed (Error code(s): E03).

20 December 2019 211


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

In sequence C, if field 23B is OPEN, then field 23F is not allowed (Error code(s): E03).

C4 In sequence A, if field 22A is ISSU, then, in sequence B, field 50 must be present (Error code(s): C17).

C5 If in sequence A field 22A is ISSU and in sequence B field 22D is STBY, then field 49 must be present
in sequence B (Error code(s): C18).

In sequence B, if field 22D is DGAR, then field 49 is not allowed (Error code(s): C18).

0
C6 In sequence A, if field 22A is ISCO or ICCO, then, in sequence B, fields 48D, 24E, and 24G are not

2
allowed (Error code(s): C19).

In sequence A, if field 22A is ISCO or ICCO, then sequence C must be present, otherwise sequence C

20
is not allowed (Error code(s): C19).

C7 In sequence B, if field 57a is present, then field 56a must also be present (Error code(s): C81).

C8 In sequence B, if field 23F is absent, then fields 78, 26E, and 31S are not allowed (Error code(s): C16).

G
In sequence C, if field 23F is absent, then fields 78, 26E, and 31S are not allowed (Error code(s): C16).

C9 In sequence B, if field 49 is CONFIRM or field 49 is MAY ADD, then field 58a must be present,
otherwise field 58a is not allowed (Error code(s): C20).

C10

C11 SR
In sequence C, if field 22Y is present, then field 22K must be present (Error code(s): C33).

In sequence B, if field 22D is DGAR, then field 41a is not allowed (Error code(s): C21).

In sequence C, if field 22D is DGAR, then field 41a is not allowed (Error code(s): C21).
|
to
MT 760 Usage Rules
• When the maximum message size of the MT 760 is insufficient, one or more MTs 761 can be
m

used to extend the available size. Up to seven MTs 761 may be sent in addition to the MT 760.

• Information conveyed in a designated field in this message (for example, 32B Undertaking
Amount) must not be repeated in the terms and conditions specified in field 77U or in the
du

requested local undertaking terms and conditions specified in field 77L.

• Information in field 77U and field 77L must not be in conflict with information that is conveyed in
a designated field elsewhere in this message.
n

• Information conveyed in a designated field in this message (for example, 32B Undertaking
Amount) must not be repeated in any related MT 761. The information in any related MT 761
de

must not conflict with any information that is present in this MT 760.

• Sequence C may only be present if the message is used for issuance of a counter-undertaking,
that is, field 22A (Purpose of Message) in sequence A contains the code ISCO (or ICCO) and
the details in sequence B are for the (counter) counter-undertaking.
Ad

• Field 45L must only be present in sequence B if the message is used for issuance of an
undertaking, that is, field 22A (Purpose of Message) in sequence A contains the code ISSU.

212 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

MT 760 Field Specifications


1. Field 15A: New Sequence
FORMAT

0
Option A Empty field

2
PRESENCE

20
Mandatory in mandatory sequence A

DEFINITION

This field specifies the start of mandatory sequence A General Information.

G
USAGE RULES

Only the field tag must be present, the field is empty.

2. Field 27: Sequence of Total


FORMAT

1!n/1!n (Number)(Total)
SR
to
PRESENCE

Mandatory in mandatory sequence A


m

DEFINITION

This field specifies the number of this message in the series of messages sent for an undertaking,
du

and the total number of messages in the series.

NETWORK VALIDATED RULES

Number must have the fixed value of 1 and Total must have a value in the range 1 to 8 (Error
n

code(s): T75).
de

3. Field 22A: Purpose of Messagemessage |


FORMAT
Ad

Option A 4!c (Purpose)

PRESENCE

Mandatory in mandatory sequence A

20 December 2019 213


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field specifies the purpose of this message.

CODES

Purpose must contain one of the following codes (Error code(s): T36):

0
ACNF Advice and confirmation of issued undertaking

2
ADVI Advice of issued undertaking

20
ICCO Issuance of counter-counter-undertaking and request to issue counter-undertaking

ISCO Issuance of counter-undertaking and request to issue local undertaking

ISSU Issuance of undertaking

G
4. Field 72Z: Sender to Receiver Information
FORMAT

Option Z 6*35z

SR (Narrative)

In addition to narrative text, structured text with the following line formats may be used:

Line 1 /8c/[additional information] (Code)(Narrative)


Lines 2-6 [/8c/[additional information]] (Code)(Narrative)
to
or or
[//continuation of additional information] (Narrative)

PRESENCE
m

Optional in mandatory sequence A

DEFINITION
du

This field specifies additional information for the Receiver.

CODES
n

One or more of the following codes may be used in Code:


de

PHONBEN Telephone Please advise/contact beneficiary by phone.


beneficiary

TELEBEN Telecommunication Please advise the beneficiary by the most efficient means of
Ad

telecommunication.

5. Field 23X: File Identification


FORMAT

Option X 4!c/65x (Code)(File Name or Reference)

214 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

PRESENCE

Optional in mandatory sequence A

DEFINITION

This field identifies the type of delivery channel and associated file name or reference.

0
CODES

2
Code must contain one of the following codes (Error code(s): T93):

20
COUR Courier delivery (for example FedEx, DHL, UPS)

EMAL Email transfer

FACT SWIFTNet FileAct

G
FAXT Fax transfer

HOST Host-to-Host (Proprietary bank channel)

SR
MAIL Postal delivery

OTHR Other delivery channel

USAGE RULES

The file name must exclude any path attribute.


to
The file name should be unique for a sender-receiver pair for an extended period to avoid
instances of duplicate files. This field should be agreed between parties.

6. Field 15B: New Sequence


m

FORMAT
du

Option B Empty field

PRESENCE
n

Mandatory in mandatory sequence B

DEFINITION
de

This field specifies the start of mandatory sequence B Undertaking Details.

USAGE RULES
Ad

Only the field tag must be present, the field is empty.

20 December 2019 215


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

7. Field 20: Undertaking Number


FORMAT

16x

0
PRESENCE

Mandatory in mandatory sequence B

2
DEFINITION

20
This field specifies the unique and unambiguous undertaking identifier that is assigned by the
issuer.

NETWORK VALIDATED RULES

G
This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).

8. Field 30: Date of Issue


FORMAT

6!n (Date)
SR
to
PRESENCE

Mandatory in mandatory sequence B


m

DEFINITION

This field specifies the date on which the undertaking is issued.


du

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).


n

9. Field 22D: Form of Undertaking


de

FORMAT

Option D 4!c (Form)

PRESENCE
Ad

Mandatory in mandatory sequence B

DEFINITION

This field specifies the form of the independent and irrevocable undertaking.

216 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

CODES

Form must contain one of the following codes (Error code(s): T71):

DGAR Demand guarantee

STBY Standby letter of credit

0
10. Field 40C: Applicable Rules

2
FORMAT

20
Option C 4!a[/35x] (Type)(Narrative)

PRESENCE

G
Mandatory in mandatory sequence B

DEFINITION

CODES SR
This field specifies the rules to which the undertaking is subject.

Type must contain one of the following codes (Error code(s): T60):
to
ISPR The version of the International Standby Practices (ISP) that is in effect on the date of issue
of the undertaking.

NONE The undertaking is not subject to any rules.

OTHR The undertaking is subject to another set of rules, or the undertaking is not subject to the
m

version of the rules that is in effect on the date of issue, these must be specified in Narrative
(2nd subfield).

UCPR The version of the Uniform Customs and Practice for Documentary Credits (UCP) as
du

published by the International Chamber of Commerce (ICC) that is in effect on the date of
issue of the undertaking.

URDG The version of the ICC Uniform Rules For Demand Guarantees (URDG) as published by the
International Chamber of Commerce (ICC) that is in effect on the date of issue of the
n

undertaking.
de

NETWORK VALIDATED RULES

If Type is OTHR, then Narrative may be present, otherwise Narrative is not allowed (Error code(s):
D81).
Ad

11. Field 23B: Expiry Type


FORMAT

Option B 4!c (Type)

20 December 2019 217


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Mandatory in mandatory sequence B

DEFINITION

This field specifies whether the undertaking has a specified expiry date or is open-ended or is

0
dependent on a documentary condition or event.

2
CODES

Type must contain one of the following codes (Error code(s): T36):

20
COND Expiry condition (including option for specified date of expiry).

FIXD Specified date of expiry (either with or without automatic extension).

OPEN No specified date of expiry.

G
12. Field 31E: Date of Expiry
FORMAT

Option E

PRESENCE
6!n SR (Date)
to
Conditional (see rule C1) in mandatory sequence B

DEFINITION

This field specifies the date when the undertaking will cease to be available.
m

NETWORK VALIDATED RULES


du

Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

13. Field 35G: Expiry Condition/Event


n

FORMAT
de

Option G 12*65x (Narrative)

PRESENCE

Conditional (see rule C2) in mandatory sequence B


Ad

DEFINITION

This field specifies the documentary condition/event that indicates when the undertaking will cease
to be available, for example 180 days after date of required document.

218 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

14. Field 50: Applicant


FORMAT

4*35x (Name and Address)

0
PRESENCE

Conditional (see rule C4) in mandatory sequence B

2
DEFINITION

20
This field specifies the party named in the undertaking as the applicant.

15. Field 51: Obligor/Instructing Party

G
FORMAT

4*35x (Name and Address)

PRESENCE

Optional in mandatory sequence B

DEFINITION
SR
to
This field specifies the party obligated to reimburse the issuer.

16. Field 52a: Issuer


m

FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
du

Option D [/1!a][/34x] (Party Identifier)


4*35x (Name and Address)

PRESENCE
n

Mandatory in mandatory sequence B


de

DEFINITION

This field specifies the party that issues the undertaking (or counter-undertaking).
Ad

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).

20 December 2019 219


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17. Field 59a: Beneficiary


FORMAT

No letter option [/34x] (Account)


4*35x (Name and Address)

0
Option A [/34x] (Account)
4!a2!a2!c[3!c] (Identifier Code)

2
PRESENCE

20
Mandatory in mandatory sequence B

DEFINITION

This field specifies the party in whose favour the undertaking (or counter-undertaking) is issued.

G
NETWORK VALIDATED RULES

Identifier Code must be a registered BIC (Error code(s): T27,T28,T29,T45).

18. Field 56a: Advising Bank


FORMAT
SR
Option A [/1!a][/34x] (Party Identifier)
to
4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)
m

PRESENCE

Conditional (see rule C7) in mandatory sequence B


du

DEFINITION

This field specifies the advising bank.


n

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
de

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).
Ad

19. Field 23: Advising Bank Reference


FORMAT

16x

220 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

PRESENCE

Optional in mandatory sequence B

DEFINITION

This field specifies a reference assigned by the advising bank.

0
20. Field 57a: 'Advise Through' Bank

2
FORMAT

20
Option A [/1!a][/34x] (Party Identifier)
4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

G
PRESENCE

Optional in mandatory sequence B

DEFINITION
SR
This field specifies an additional bank that is requested to advise the undertaking.

NETWORK VALIDATED RULES


to
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
m

Live destinations, and Test & Training destinations (Error code(s): C05).

21. Field 32B: Undertaking Amount


du

FORMAT

Option B 3!a15d (Currency)(Amount)


n

PRESENCE
de

Mandatory in mandatory sequence B

DEFINITION
Ad

This field specifies the currency and the amount of the undertaking.

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the

20 December 2019 221


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

22. Field 39D: Additional Amount Information


FORMAT

0
Option D 12*65z (Narrative)

2
PRESENCE

Optional in mandatory sequence B

20
DEFINITION

This field contains information about additional amounts related to the undertaking, for example,
interests, tolerances. Plus/minusMinus/plus tolerances to be specified as 2n/2n. |

G
23. Field 41a: Available With...
FORMAT

Option F
Option G

PRESENCE
4!a2!a2!c[3!c]
4*35x
SR (Identifier Code)
(Name and Address)
to
Conditional (see rule C11) in mandatory sequence B

DEFINITION
m

This field identifies the bank with which the credit is available (the place for presentation).

NETWORK VALIDATED RULES


du

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
n

Live destinations, and Test & Training destinations (Error code(s): C05).
de

24. Field 71D: Charges


FORMAT
Ad

Option D 6*35z (Narrative)

In addition to narrative text, the following line formats may be used:

Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)


Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)
or or
[//continuation of additional information] (Narrative)

222 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

PRESENCE

Optional in mandatory sequence B

DEFINITION

This field contains information about the charges associated with the undertaking, for example

0
"Confirmation charges are for account of beneficiary".

2
CODES

One or more of the following codes may be used in Code, followed by the currency code and

20
amount:

AGENT Agent's Commission

COMM Our Commission

G
CORCOM Our Correspondent's Commission

DISC Commercial Discount

INSUR

POST

STAMP

TELECHAR
Insurance Premium

Our Postage

Stamp Duty
SR
Teletransmission Charges

WAREHOUS Wharfing and Warehouse


to
25. Field 45C: Document and Presentation Instructions
m

FORMAT

Option C 100*65z (Narrative)


du

PRESENCE

Optional in mandatory sequence B


n

DEFINITION

This field specifies the presentation instructions (for example, form and/or place of presentation)
de

including documents required to make a complying demand.

26. Field 77U: Undertaking Terms and Conditions


Ad

FORMAT

Option U 150*65z (Narrative)

PRESENCE

Mandatory in mandatory sequence B

20 December 2019 223


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field specifies the applicable terms and conditions of the undertaking that are not already
mentioned in any other field in this message.

27. Field 49: Confirmation Instructions

0
FORMAT

2
7!x (Instruction)

20
PRESENCE

Conditional (see rule C5) in mandatory sequence B

DEFINITION

G
This field contains confirmation instructions from the issuing bank to the advising party.

CODES

MAY ADD
SR
Instruction must contain one of the following codes (Error code(s): T67):

CONFIRM The requested confirmation party is requested to confirm the credit

The requested confirmation party may add its confirmation to the credit
to
WITHOUT No confirmation is requested

28. Field 58a: Requested Confirmation Party


m

FORMAT

Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
du

Option D [/1!a][/34x] (Party Identifier)


4*35x (Name and Address)

PRESENCE
n

Conditional (see rule C9) in mandatory sequence B


de

DEFINITION

This field specifies the party requested to add its confirmation to the undertaking.
Ad

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).

224 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

29. Field 44H: Governing Law and/or Place of Jurisdiction


FORMAT

Option H 2!a[/65x] (Country Code)(Narrative)

0
PRESENCE

Optional in mandatory sequence B

2
DEFINITION

20
This field specifies the governing law (as an ISO 3166-1 code in Country Code) and/or place of
jurisdiction (in Narrative, optionally) that is applicable to the undertaking.

NETWORK VALIDATED RULES

G
The first subfield must contain a valid ISO country code (Error code(s): T73).

30. Field 23F: Automatic Extension Period


FORMAT

Option F 4!a[/35x]
SR (Period)(Details)

PRESENCE
to
Conditional (see rule C3) in mandatory sequence B

DEFINITION
m

This field contains details about the automatic extension of the expiry date.

CODES
du

Period must contain one of the following codes (Error code(s): T08):

DAYS Number of calendar days after latest expiry date.


n

ONEY Same date one year later.


de

OTHR Other extension clause.

NETWORK VALIDATED RULES

The presence of Details is governed by the value in Period (Error code(s): D81).
Ad

• If Period is DAYS, then Details is mandatory and must consist of exactly 3 digits

• If Period is ONEY, then Details is not allowed

• If Period is OTHR, then Details is mandatory

20 December 2019 225


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

31. Field 78: Automatic Extension Non-Extension Notification


FORMAT

12*65x (Narrative)

0
PRESENCE

Conditional (see rule C8) in mandatory sequence B

2
DEFINITION

20
This field contains details about the non-extension to the automatic expiry date extension, such as
notification method, and notification recipient details.

32. Field 26E: Automatic Extension Notification Period

G
FORMAT

SR
Option E 3n

PRESENCE

Conditional (see rule C8) in mandatory sequence B

DEFINITION
to
This field specifies the minimum number of calendar days prior to the current expiry date by which
notice of non-extension must be sent.
m

33. Field 31S: Automatic Extension Final Expiry Date


FORMAT
du

Option S 6!n (Date)

PRESENCE
n

Conditional (see rule C8) in mandatory sequence B


de

DEFINITION

This field specifies the final expiry date after which the undertaking will no longer be subject to
automatic extension.
Ad

NETWORK VALIDATED RULES

Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

226 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

34. Field 48B: Demand Indicator


FORMAT

Option B 4!c (Code)

0
PRESENCE

Optional in mandatory sequence B

2
DEFINITION

20
This field specifies if partial and/or multiple demands are not permitted.

CODES

Code must contain one of the following codes (Error code(s): T03):

G
NMLT Multiple demands not permitted

NMPT

NPRT

USAGE RULES
Partial demands not permitted
SR
Multiple and partial demands not permitted

Absence of this field indicates that multiple and partial demands are permitted.
to
35. Field 48D: Transfer Indicator
FORMAT
m

Option D 4!c (Code)


du

PRESENCE

Conditional (see rule C6) in mandatory sequence B

DEFINITION
n

This field specifies that the undertaking is transferable.


de

CODES

Code must contain the following code (Error code(s): T04):


Ad

TRAN The undertaking is transferable.

USAGE RULES

Absence of this field indicates that the undertaking is not transferable.

20 December 2019 227


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

36. Field 39E: Transfer Conditions


FORMAT

Option E 12*65z (Narrative)

0
PRESENCE

Optional in mandatory sequence B

2
DEFINITION

20
This field specifies transfer conditions, if more details are needed than the indicator.

37. Field 45L: Underlying Transaction Details

G
FORMAT

Option L 50*65z (Narrative)

PRESENCE

Optional in mandatory sequence B

DEFINITION
SR
to
This field specifies concise details of the underlying business transaction for which the undertaking
is issued.

38. Field 24E: Delivery of Original Undertaking


m

FORMAT
du

Option E 4!c[/35x] (Code)(Additional Information)

PRESENCE

Conditional (see rule C6) in mandatory sequence B


n

DEFINITION
de

This field specifies the method by which the original undertaking is to be delivered.

CODES
Ad

Code must contain one of the following codes (Error code(s): T59):

COLL By collection

COUR By courier (for example, Fedex, DHL, UPS)

MAIL By mail

228 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

MESS By messenger - hand-deliver

OTHR Other method

REGM By registered mail or airmail

NETWORK VALIDATED RULES

0
If Code is COUR or OTHR, then Additional Information may be present, otherwise Additional
Information is not allowed (Error code(s): D97).

2
39. Field 24G: Delivery To/Collection By

20
FORMAT

Option G 4!c (Code)


[6*35x] (Name and Address)

G
PRESENCE

DEFINITION
SR
Conditional (see rule C6) in mandatory sequence B

This field specifies to whom the original undertaking is to be delivered or by whom the original
undertaking is to be collected.
to
CODES

Code must contain one of the following codes (Error code(s): T60):
m

BENE Beneficiary

OTHR Specified address


du

NETWORK VALIDATED RULES

If Code is OTHR, then Name andAnd Address must be specified (Error code(s): D97). |
n

40. Field 15C: New Sequence


de

FORMAT

Option C Empty field

PRESENCE
Ad

Mandatory in optional sequence C

DEFINITION

This field specifies the start of optional sequence C Local Undertaking Details.

20 December 2019 229


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

USAGE RULES

This field may only be used when at least one other field in the optional sequence C is present and
is otherwise not allowed.

Only the field tag must be present, the field is empty.

0
41. Field 31C: Requested Date of Issue

2
FORMAT

20
Option C 6!n (Date)

PRESENCE

Optional in optional sequence C

G
DEFINITION

This field specifies the date on or by which the requested local undertaking is to be issued.

NETWORK VALIDATED RULES


SR
Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

42. Field 22D: Form of Undertaking


to
FORMAT

Option D 4!c (Form)


m

PRESENCE

Mandatory in optional sequence C


du

DEFINITION

This field specifies the form of local undertaking (independent or dependent).


n

CODES
de

Form must contain one of the following codes (Error code(s): T71):

DEPU Dependent undertaking


Ad

DGAR Demand guarantee

STBY Standby letter of credit

230 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

43. Field 40C: Applicable Rules


FORMAT

Option C 4!a[/35x] (Type)(Narrative)

0
PRESENCE

Mandatory in optional sequence C

2
DEFINITION

20
This field specifies the rules to which the local undertaking is subject.

CODES

Type must contain one of the following codes (Error code(s): T60):

G
ISPR The version of the International Standby Practices (ISP) that is in effect on the date of issue
of the undertaking.

NONE

OTHR SR
The undertaking is not subject to any rules.

The undertaking is subject to another set of rules, or the undertaking is not subject to the
version of the rules that is in effect on the date of issue, these must be specified in Narrative
(2nd subfield).

UCPR The version of the Uniform Customs and Practice for Documentary Credits (UCP) as
to
published by the International Chamber of Commerce (ICC) that is in effect on the date of
issue of the undertaking.

URDG The version of the ICC Uniform Rules For Demand Guarantees (URDG) as published by the
International Chamber of Commerce (ICC) that is in effect on the date of issue of the
m

undertaking.

NETWORK VALIDATED RULES


du

Narrative is only allowed if Type is OTHR (Error code(s): D81).

44. Field 22K: Type of Undertaking


n

FORMAT
de

Option K 4!c[/35x] (Code)(Narrative)

PRESENCE
Ad

Conditional (see rule C10) in optional sequence C

DEFINITION

This field specifies the type of the local undertaking.

20 December 2019 231


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

CODES

Code must contain one of the following codes (Error code(s): T48):

APAY Advance payment

BILL Bill of lading

0
CUST Customs

2
DPAY Direct pay

INSU Insurance

20
JUDI Judicial

LEAS Lease

OTHR Any other local undertaking type which must be specified in narrative

PAYM Payment

G
PERF Performance

RETN Retention

SHIP

TEND

WARR
Shipping

Tender or bid

Warranty/maintenance
SR
45. Field 23B: Expiry Type
to
FORMAT

Option B 4!c (Type)


m

PRESENCE
du

Mandatory in optional sequence C

DEFINITION

This field specifies whether the local undertaking has a specified expiry date or is open-ended or is
n

dependent on a documentary condition or event.


de

CODES

Type must contain one of the following codes (Error code(s): T36):
Ad

COND Expiry condition (including option for specified date of expiry).

FIXD Specified date of expiry (either with or without automatic extension).

OPEN No specified date of expiry.

232 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

46. Field 31E: Date of Expiry


FORMAT

Option E 6!n (Date)

0
PRESENCE

Conditional (see rule C1) in optional sequence C

2
DEFINITION

20
This field specifies the date when the local undertaking will cease to be available.

NETWORK VALIDATED RULES

Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

G
47. Field 35G: Expiry Condition/Event
FORMAT

Option G

PRESENCE
12*65x SR (Narrative)
to
Conditional (see rule C2) in optional sequence C

DEFINITION

This field specifies the documentary condition/event that indicates when the local undertaking will
m

cease to be available, for example 180 days after date of required document.

48. Field 50: Applicant


du

FORMAT

4*35x (Name and Address)


n

PRESENCE
de

Mandatory in optional sequence C

DEFINITION
Ad

This field specifies the party named in the undertaking as the applicant.

49. Field 51: Obligor/Instructing Party


FORMAT

4*35x (Name and Address)

20 December 2019 233


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Optional in optional sequence C

DEFINITION

This field specifies the party obligated to reimburse the issuer of the local undertaking.

0
50. Field 52a: Issuer

2
FORMAT

20
Option A [/1!a][/34x] (Party Identifier)
4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

G
PRESENCE

Optional in optional sequence C

DEFINITION
SR
This field specifies the party that issues the local undertaking.

NETWORK VALIDATED RULES


to
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
m

Live destinations, and Test & Training destinations (Error code(s): C05).

51. Field 59: Beneficiary


du

FORMAT

[/34x] (Account)
4*35x (Name and Address)
n

PRESENCE
de

Mandatory in optional sequence C

DEFINITION
Ad

This field specifies the party in whose favour the local undertaking is issued.

234 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

52. Field 32B: Undertaking Amount


FORMAT

Option B 3!a15d (Currency)(Amount)

0
PRESENCE

Mandatory in optional sequence C

2
DEFINITION

20
This field specifies the currency and the amount of the local undertaking.

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

G
The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the

53. Field 39D: Additional Amount Information


FORMAT
SR
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).
to
Option D 12*65z (Narrative)

PRESENCE

Optional in optional sequence C


m

DEFINITION
du

This field contains information about additional amounts related to the local undertaking, for
example, interests, tolerances. Plus/minusMinus/plus tolerances to be specified as 2n/2n. |

54. Field 41a: Available With...


n

FORMAT
de

Option F 4!a2!a2!c[3!c] (Identifier Code)


Option G 4*35x (Name and Address)
Ad

PRESENCE

Conditional (see rule C11) in optional sequence C

DEFINITION

This field identifies the bank with which the credit is available (the place for presentation).

20 December 2019 235


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).

0
55. Field 71D: Charges

2
FORMAT

20
Option D 6*35z (Narrative)

In addition to narrative text, the following line formats may be used:

Line 1 /8a/[3!a13d][additional information] (Code)(Currency)(Amount)(Narrative)

G
Lines 2-6 [/8a/[3!a13d][additional information]] (Code)(Currency)(Amount)(Narrative)
or or
[//continuation of additional information] (Narrative)

PRESENCE

Optional in optional sequence C


SR
DEFINITION
to
This field contains information about the charges associated with the local undertaking, for example
"Confirmation charges are for account of beneficiary".

CODES
m

One or more of the following codes may be used in Code, followed by the currency code and
amount:
du

AGENT Agent's Commission

COMM Our Commission


n

CORCOM Our Correspondent's Commission

DISC Commercial Discount


de

INSUR Insurance Premium

POST Our Postage

STAMP Stamp Duty


Ad

TELECHAR Teletransmission Charges

WAREHOUS Wharfing and Warehouse

236 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

56. Field 45C: Document and Presentation Instructions


FORMAT

Option C 100*65z (Narrative)

0
PRESENCE

Optional in optional sequence C

2
DEFINITION

20
This field specifies the instructions (for example, form and/or place of presentation) including
documents required to make a complying demand.

57. Field 77L: Requested Local Undertaking Terms and Conditions

G
FORMAT

SR
Option L 150*65z (Narrative)

PRESENCE

Optional in optional sequence C

DEFINITION
to
This field specifies the requested terms and conditions of the local undertaking.

USAGE RULES
m

This field must not repeat or be in conflict with any information that is already provided elsewhere in
this message.
du

58. Field 22Y: Standard Wording Required


FORMAT
n

Option Y 4!c (Required)


de

PRESENCE

Optional in optional sequence C

DEFINITION
Ad

This field specifies that the wording of the terms and conditions must be the standard wording of
the local undertaking issuer.

CODES

Required must contain the following code (Error code(s): T48):

20 December 2019 237


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

STND Standard wording of issuer required.

59. Field 40D: Standard Wording Requested Language


FORMAT

0
Option D 2!a

2
PRESENCE

20
Optional in optional sequence C

DEFINITION

This field specifies the requested ISO 639 language code for the wording of the local undertaking.

G
60. Field 44H: Governing Law and/or Place of Jurisdiction
FORMAT

Option H

PRESENCE
2!a[/65x]
SR (Country Code)(Narrative)

Optional in optional sequence C


to
DEFINITION

This field specifies the governing law (as an ISO 3166-1 code in Country Code) and/or place of
jurisdiction (in Narrative, optionally) that is applicable to the local undertaking.
m

NETWORK VALIDATED RULES


du

The first subfield must contain a valid ISO country code (Error code(s): T73).

61. Field 23F: Automatic Extension Period


n

FORMAT

Option F 4!a[/35x] (Period)(Details)


de

PRESENCE

Conditional (see rule C3) in optional sequence C


Ad

DEFINITION

This field contains details about the automatic extension of the expiry date.

CODES

Period must contain one of the following codes (Error code(s): T08):

238 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

DAYS Number of calendar days after latest expiry date.

ONEY Same date one year later.

OTHR Other extension clause.

NETWORK VALIDATED RULES

0
The presence of Details is governed by the value in Period (Error code(s): D81).

2
• If Period is DAYS, then Details is mandatory and must consist of exactly 3 digits

20
• If Period is ONEY, then Details is not allowed

• If Period is OTHR, then Details is mandatory

62. Field 78: Automatic Extension Non-Extension Notification

G
FORMAT

12*65x (Narrative)

PRESENCE
SR
Conditional (see rule C8) in optional sequence C

DEFINITION
to
This field specifies information related to the non-extension to the automatic expiry date extension,
such as notification method, and notification recipient details.

63. Field 26E: Automatic Extension Notification Period


m

FORMAT
du

Option E 3n

PRESENCE
n

Conditional (see rule C8) in optional sequence C

DEFINITION
de

This field specifies the minimum number of calendar days prior to the current expiry date by which
notice of non-extension must be sent.
Ad

64. Field 31S: Automatic Extension Final Expiry Date


FORMAT

Option S 6!n (Date)

20 December 2019 239


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Conditional (see rule C8) in optional sequence C

DEFINITION

This field specifies the final expiry date after which the local undertaking will no longer be subject to

0
automatic extension.

2
NETWORK VALIDATED RULES

Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

20
65. Field 48B: Demand Indicator
FORMAT

G
Option B 4!c (Code)

PRESENCE

Optional in optional sequence C

DEFINITION
SR
This field specifies whether partial and/or multiple demands are not permitted.
to
CODES

Code must contain one of the following codes (Error code(s): T03):
m

NMLT Multiple demands not permitted

NMPT Multiple and partial demands not permitted


du

NPRT Partial demands not permitted

USAGE RULES

Absence of this field indicates that multiple and partial demands are permitted.
n

66. Field 48D: Transfer Indicator


de

FORMAT

Option D 4!c (Code)


Ad

PRESENCE

Optional in optional sequence C

240 Message Reference Guide - Standards Release Guide


MT 760 Issue of a Demand Guarantee/Standby Letter of Credit

DEFINITION

This field specifies that the local undertaking is transferable.

CODES

Code must contain the following code (Error code(s): T04):

0
TRAN The undertaking is transferable.

2
USAGE RULES

20
Absence of this field indicates that the local undertaking is not transferable.

67. Field 39E: Transfer Conditions

G
FORMAT

Option E 12*65z (Narrative)

PRESENCE

Optional in optional sequence C

DEFINITION
SR
to
This field specifies transfer conditions, if more details are needed than the indicator.

68. Field 45L: Underlying Transaction Details


m

FORMAT

Option L 50*65z (Narrative)


du

PRESENCE

Mandatory in optional sequence C


n

DEFINITION
de

This field specifies concise details of the underlying business transaction for which the local
undertaking is issued.

69. Field 24E: Delivery of Local Undertaking


Ad

FORMAT

Option E 4!c[/35x] (Code)(Additional Information)

PRESENCE

Optional in optional sequence C

20 December 2019 241


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

DEFINITION

This field specifies the method by which the original local undertaking is to be delivered.

CODES

Code must contain one of the following codes (Error code(s): T59):

0
COLL By collection

2
COUR By courier (for example, Fedex, DHL, UPS)

20
MAIL By mail

MESS By messenger - hand-deliver

OTHR Other method

REGM By registered mail or airmail

G
NETWORK VALIDATED RULES

SR
If Code is COUR or OTHR, then Additional Information may be present, otherwise Additional
Information is not allowed (Error code(s): D97).

70. Field 24G: Delivery To/Collection By


FORMAT
to
Option G 4!c (Code)
[6*35x] (Name and Address)

PRESENCE
m

Optional in optional sequence C


du

DEFINITION

This field specifies to whom the original local undertaking is to be delivered or by whom the original
local undertaking is to be collected.
n

CODES
de

Code must contain one of the following codes (Error code(s): T60):

BENE Beneficiary

OTHR Specified address


Ad

NETWORK VALIDATED RULES

If Code is OTHR, then Name andAnd Address must be specified (Error code(s): D97). |

242 Message Reference Guide - Standards Release Guide


MT 761 Issue of a Demand Guarantee/Standby Letter of Credit

MT 761 Issue of a Demand Guarantee/Standby Letter of


Credit
This message type has not changed since the Advance information for Standards MT release 2020
published on 8 February 2019.

2 0
20
G
SR
to
m
n du
de
Ad

20 December 2019 243


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 765 Guarantee/Standby Letter of Credit Demand


This message type has not changed since the Advance information for Standards MT release 2020
published on 8 February 2019.

2 0
20
G
SR
to
m
n du
de
Ad

244 Message Reference Guide - Standards Release Guide


MT 767 Amendment to a Demand Guarantee/Standby Letter of Credit

MT 767 Amendment to a Demand Guarantee/Standby


Letter of Credit

MT 767 Scope

0
This message is sent in one of three ways:

2
• by the party issuing or advising the amendment, of an undertaking (demand guarantee or
standby letter of credit) to the beneficiary in the case of the beneficiary being a financial

20
institution, or to the party designated to advise the undertaking amendment to the beneficiary or
to another advising party

• by the party issuing a counter-undertaking (counter-guarantee or counter-standby) amendment


to the party requested to issue a local undertaking amendment to the beneficiary, either directly
or via an advising party

G
• by the party issuing a counter counter-undertaking (counter-guarantee or counter-standby)
amendment to the party that is requested to issue another counter-undertaking amendment to a

or via an advising party

SR
party that is requested to issue a local undertaking amendment to the beneficiary, either directly

Unless otherwise specified, the MT 767 is intended to form part of the operative instrument.

MT 767 Format Specifications


to
MT 767 Amendment to a Demand Guarantee/Standby Letter of Credit
Status Tag Field Name Content/Options No.
m

Mandatory Sequence A General Information

M 15A New Sequence Empty field 1

M 27 Sequence of Total 1!n/1!n 2


du

M 21 Related Reference 16x 3

M 22A Purpose of Message 4!c 4


n

O 23S Cancellation Request 6!a 5

O 72Z Sender to Receiver Information 6*35z 6


de

O 23X File Identification 4!c/65x 7

End of Sequence A General Information

Mandatory Sequence B Undertaking Details


Ad

M 15B New Sequence Empty field 8

M 20 Undertaking Number 16x 9

M 26E Number of Amendment 3n 10

M 30 Date of Amendment 6!n 11

20 December 2019 245


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Status Tag Field Name Content/Options No.

M 52a Issuer A or D 12

O 32B Increase of Undertaking Amount 3!a15d 13

O 33B Decrease of Undertaking Amount 3!a15d 14

0
O 23B Expiry Type 4!c 15

O 31E Date of Expiry 6!n 16

2
O 35G Expiry Condition/Event 12*65x 17

20
O 59a Beneficiary No letter option or A 18

O 77U Other Amendments to Undertaking 150*65z 19

O 24E Delivery of Amendment To Undertaking 4!c[/35x] 20

O 24G Delivery To/Collection By 4!c 21

G
[6*35x]

End of Sequence B Undertaking Details

Optional Sequence C Local Undertaking Details

O
15C

32B

33B
New Sequence
SR
Increase of Local Undertaking Amount

Decrease of Local Undertaking Amount


Empty field

3!a15d

3!a15d
22

23

24
to
O 23B Expiry Type 4!c 25

O 31E Date of Expiry 6!n 26

O 35G Expiry Condition/Event 12*65x 27


m

O 59 Beneficiary [/34x] 28
4*35x

O 77L Other Amendments to Local Undertaking 150*65z 29


du

O 24E Delivery of Amendment To Local Undertaking 4!c[/35x] 30

O 24G Delivery To/Collection By 4!c 31


[6*35x]
n

End of Sequence C Local Undertaking Details


de

M = Mandatory, O = Optional - Network Validated Rules may apply

MT 767 Network Validated Rules


Ad

C1 In sequence B, either field 32B or field 33B, but not both, may be present (Error code(s): C12).

In sequence C, either field 32B or field 33B, but not both, may be present (Error code(s): C12).

C2 In sequence B, if field 23B is COND, then field 35G must be present in sequence B, otherwise field
35G is not allowed (Error code(s): E02).

246 Message Reference Guide - Standards Release Guide


MT 767 Amendment to a Demand Guarantee/Standby Letter of Credit

In sequence C, if field 23B is COND, then field 35G must be present in sequence C, otherwise field
35G is not allowed (Error code(s): E02).

C3 In sequence A, if field 22A is ISCA or ICCA, then sequence C must be present, otherwise sequence C
is not allowed (Error code(s): C19).

C4 In sequence C, if field 15C is present, then at least one of the other fields of sequence C must be
present (Error code(s): C98).

2 0
MT 767 Usage Rules

20
• When the maximum message size of the MT 767 is insufficient, one or more MTs 775 can be
used to extend the available size. Up to seven MTs 775 may be sent in addition to the MT 767.

• Information conveyed in a designated field in this message (for example, 32B Increase of
Undertaking Amount) must not be repeated in any related MT 775. The information in any
related MT 775 must not conflict with any information that is present in this MT 767.

G
• Information conveyed in a designated field in the message should not be repeated or in conflict
with the terms and conditions specified in field 77U or with the requested local undertaking

field elsewhere in this message. SR


terms and conditions specified in field 77L, in either the MT 767 or MT 775.

• Information in field 77U must not be in conflict with information that is conveyed in a designated

• If the amendment relates to other elements than amount or expiry, these changes must be
mentioned in 77U or 77L.
to
• The terms and conditions of the original guarantee or instruction(s) that are not mentioned in
the message remain unchanged.

• The cancellation of a guarantee, that is, MT 760, takes the form of an amendment. The MT 767
must therefore be used.
m

MT 767 Field Specifications


du

1. Field 15A: New Sequence


FORMAT
n

Option A Empty field


de

PRESENCE

Mandatory in mandatory sequence A


Ad

DEFINITION

This field specifies the start of mandatory sequence A General Information.

USAGE RULES

Only the field tag must be present, the field is empty.

20 December 2019 247


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

2. Field 27: Sequence of Total


FORMAT

1!n/1!n (Number)(Total)

0
PRESENCE

Mandatory in mandatory sequence A

2
DEFINITION

20
This field specifies the number of this message in the series of messages sent for an undertaking
amendment, and the total number of messages in the series.

NETWORK VALIDATED RULES

G
Number must have the fixed value of 1 and Total must have a value in the range 1 to 8 (Error
code(s): T75).

3. Field 21: Related Reference


FORMAT

16x
SR
to
PRESENCE

Mandatory in mandatory sequence A


m

DEFINITION

If the Receiver of this message has previously sent an MT 768 Acknowledgement of a Guarantee/ |
StandbyGuarantee/standby Message or its equivalent, this field contains the contents of field 20 |
du

Transaction Reference Number of the acknowledgement. If no acknowledgement was previously


received, this field will contain a reference which is meaningful to the Receiver, for example, the
undertaking number.
n

NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
de

(Error code(s): T26).

4. Field 22A: Purpose of Message


Ad

FORMAT

Option A 4!c (Purpose)

PRESENCE

Mandatory in mandatory sequence A

248 Message Reference Guide - Standards Release Guide


MT 767 Amendment to a Demand Guarantee/Standby Letter of Credit

DEFINITION

This field specifies the purpose of this message.

CODES

Purpose must contain one of the following codes (Error code(s): T36):

0
ACNA Advice and confirmation of amendment to issued undertaking

2
ADVA Advice of amendment to issued undertaking

20
ICCA Issuance of amendment to issued counter counter-undertaking and/or request to issue
amendment to counter-undertaking and local undertaking

ISCA Issuance of amendment to issued counter-undertaking and/or request to issue amendment


to local undertaking

ISUA Issuance of amendment to issued undertaking

G
5. Field 23S: Cancellation Request
FORMAT

Option S

PRESENCE
6!a SR (Request)
to
Optional in mandatory sequence A

DEFINITION

This field specifies that the instrument is requested to be cancelled.


m

CODES
du

Request must contain the following code (Error code(s): T93):

CANCEL This is a request to cancel the instrument


n

6. Field 72Z: Sender to Receiver Information


de

FORMAT

Option Z 6*35z (Narrative)


Ad

In addition to narrative text, structured text with the following line formats may be used:

Line 1 /8c/[additional information] (Code)(Narrative)


Lines 2-6 [/8c/[additional information]] (Code)(Narrative)
or or
[//continuation of additional information] (Narrative)

20 December 2019 249


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Optional in mandatory sequence A

DEFINITION

This field contains additional information for the Receiver.

0
CODES

2
One or more of the following codes may be used in Code:

20
PHONBEN Telephone Please advise/contact beneficiary by phone.
beneficiary

TELEBEN Telecommunication Please advise the beneficiary by the most efficient means of
telecommunication.

G
7. Field 23X: File Identification
FORMAT

Option X

PRESENCE
4!c/65x
SR (Code)(File Name or Reference)

Optional in mandatory sequence A


to
DEFINITION

This field identifies the type of delivery channel and associated file name or reference.
m

CODES

Code must contain one of the following codes (Error code(s): T93):
du

COUR Courier delivery (for example FedEx, DHL, UPS)

EMAL Email transfer


n

FACT SWIFTNet FileAct

FAXT Fax transfer


de

HOST Host-to-Host (Proprietary bank channel)

MAIL Postal delivery

OTHR Other delivery channel


Ad

8. Field 15B: New Sequence


FORMAT

Option B Empty field

250 Message Reference Guide - Standards Release Guide


MT 767 Amendment to a Demand Guarantee/Standby Letter of Credit

PRESENCE

Mandatory in mandatory sequence B

DEFINITION

This field specifies the start of mandatory sequence B Undertaking Details.

0
USAGE RULES

2
Only the field tag must be present, the field is empty.

20
9. Field 20: Undertaking Number
FORMAT

16x

G
PRESENCE

Mandatory in mandatory sequence B

DEFINITION SR
This field specifies the unique and unambiguous undertaking identifier assigned by the issuer.

NETWORK VALIDATED RULES


to
This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
m

10. Field 26E: Number of Amendment


FORMAT
du

Option E 3n

PRESENCE
n

Mandatory in mandatory sequence B


de

DEFINITION

This field specifies the sequence number that identifies this amendment.
Ad

USAGE RULES

This number should be the latest in the series of all amendments made, regardless of the means
by which previous amendments were sent.

20 December 2019 251


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

11. Field 30: Date of Amendment


FORMAT

6!n (Date)

0
PRESENCE

Mandatory in mandatory sequence B

2
DEFINITION

20
This field specifies the date on which the undertaking amendment is issued.

NETWORK VALIDATED RULES

Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

G
12. Field 52a: Issuer
FORMAT

Option A

Option D
[/1!a][/34x]
4!a2!a2!c[3!c]
[/1!a][/34x]
SR (Party Identifier)
(Identifier Code)
(Party Identifier)
4*35x (Name and Address)
to
PRESENCE

Mandatory in mandatory sequence B


m

DEFINITION

This field specifies the party that issues the undertaking (or counter-undertaking).
du

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
n

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
de

Live destinations, and Test & Training destinations (Error code(s): C05).

USAGE RULES
Ad

This field is used to assist the recipient in identifying the credit. The presence of this field should
not be interpreted to imply that the issuer is being changed.

252 Message Reference Guide - Standards Release Guide


MT 767 Amendment to a Demand Guarantee/Standby Letter of Credit

13. Field 32B: Increase of Undertaking Amount


FORMAT

Option B 3!a15d (Currency)(Amount)

0
PRESENCE

Conditional (see rule C1) in mandatory sequence B

2
DEFINITION

20
This field specifies the currency and the amount of the increase of the undertaking amount.

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

G
The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the

USAGE RULES SR
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

The currency of any increase of the undertaking amount must be in the same currency as that of
the original undertaking amount.
to
14. Field 33B: Decrease of Undertaking Amount
FORMAT
m

Option B 3!a15d (Currency)(Amount)

PRESENCE
du

Conditional (see rule C1) in mandatory sequence B

DEFINITION
n

This field specifies the currency and the amount of the decrease of the undertaking amount.
de

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).
Ad

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
maximum number allowed for the specified currency (Error code(s): C03,T40,T43)

USAGE RULES

The currency of any decrease in the undertaking amount must be in the same currency as that of
the original undertaking amount.

20 December 2019 253


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

15. Field 23B: Expiry Type


FORMAT

Option B 4!c (Type)

0
PRESENCE

Optional in mandatory sequence B

2
DEFINITION

20
This field specifies whether the undertaking has a specified expiry date or is open-ended or is
dependent on a documentary condition or event, if it has changed.

CODES

G
Type must contain one of the following codes (Error code(s): T36):

COND Expiry condition (including option for specified date of expiry).

FIXD

OPEN No specified date of expiry.

16. Field 31E: Date of Expiry


SR
Specified date of expiry (either with or without automatic extension).
to
FORMAT

Option E 6!n (Date)


m

PRESENCE

Optional in mandatory sequence B


du

DEFINITION

This field specifies the new date when the undertaking will cease to be available, if it has changed.
n

NETWORK VALIDATED RULES


de

Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

17. Field 35G: Expiry Condition/Event


Ad

FORMAT

Option G 12*65x (Narrative)

PRESENCE

Conditional (see rule C2) in mandatory sequence B

254 Message Reference Guide - Standards Release Guide


MT 767 Amendment to a Demand Guarantee/Standby Letter of Credit

DEFINITION

This field specifies the documentary condition/event that indicates when the undertaking will cease
to be available, if it has changed, for example 180 days after date of required document.

18. Field 59a: Beneficiary

0
FORMAT

2
No letter option [/34x] (Account)
4*35x (Name and Address)

20
Option A [/34x] (Account)
4!a2!a2!c[3!c] (Identifier Code)

PRESENCE

G
Optional in mandatory sequence B

DEFINITION

NETWORK VALIDATED RULES SR


This field specifies the beneficiary of the undertaking, if it has changed.

Identifier Code must be a registered BIC (Error code(s): T27,T28,T29,T45).


to
19. Field 77U: Other Amendments to Undertaking
FORMAT

Option U 150*65z (Narrative)


m

PRESENCE
du

Optional in mandatory sequence B

DEFINITION
n

This field specifies changes to the terms and conditions of the undertaking (excluding information
already expressed in other fields or other associated messages).
de

USAGE RULES

The presence of this field implies that undertaking terms and conditions are amended.
Ad

20. Field 24E: Delivery of Amendment To Undertaking


FORMAT

Option E 4!c[/35x] (Code)(Additional Information)

20 December 2019 255


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

PRESENCE

Optional in mandatory sequence B

DEFINITION

This field specifies the method by which the amendment to the undertaking is to be delivered.

0
CODES

2
Code must contain one of the following codes (Error code(s): T59):

20
COLL By collection

COUR By courier (for example, Fedex, DHL, UPS)

MAIL By mail

G
MESS By messenger - hand-deliver

OTHR Other method

SR
REGM By registered mail or airmail

NETWORK VALIDATED RULES

If Code is COUR or OTHR, then Additional Information may be present, otherwise Additional
Information is not allowed (Error code(s): D97).
to
21. Field 24G: Delivery To/Collection By
FORMAT
m

Option G 4!c (Code)


[6*35x] (Name and Address)
du

PRESENCE

Optional in mandatory sequence B

DEFINITION
n

This field specifies to whom the amendment to the undertaking is to be delivered or by whom the
de

amendment to the undertaking is to be collected.

CODES

Code must contain one of the following codes (Error code(s): T60):
Ad

BENE Beneficiary

OTHR Specified address

NETWORK VALIDATED RULES

If Code is OTHR, then Name And Address must be specified (Error code(s): D97).

256 Message Reference Guide - Standards Release Guide


MT 767 Amendment to a Demand Guarantee/Standby Letter of Credit

22. Field 15C: New Sequence


FORMAT

Option C Empty field

0
PRESENCE

Mandatory in optional sequence C

2
DEFINITION

20
This field specifies the start of optional sequence C Local Undertaking Details.

USAGE RULES

This field may only be used when at least one other field in the optional sequence C is present and

G
is otherwise not allowed.

Only the field tag must be present, the field is empty.

23. Field 32B: Increase of Local Undertaking Amount


FORMAT
SR
Option B 3!a15d (Currency)(Amount)
to
PRESENCE

Conditional (see rule C1) in optional sequence C


m

DEFINITION

This field specifies the currency and the amount of the increase of the local undertaking amount.
du

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).
n

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the
de

maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

USAGE RULES
Ad

The currency of any increase in the undertaking amount must be in the same currency as that of
the original undertaking amount.

20 December 2019 257


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

24. Field 33B: Decrease of Local Undertaking Amount


FORMAT

Option B 3!a15d (Currency)(Amount)

0
PRESENCE

Conditional (see rule C1) in optional sequence C

2
DEFINITION

20
This field specifies the currency and the amount of the decrease of the local undertaking amount.

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

G
The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and
is included in the maximum length. The number of digits following the comma must not exceed the

USAGE RULES SR
maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

The currency of any increase in the undertaking amount must be in the same currency as that of
the original undertaking amount.
to
25. Field 23B: Expiry Type
FORMAT
m

Option B 4!c (Type)

PRESENCE
du

Optional in optional sequence C

DEFINITION
n

This field specifies whether the local undertaking has a specified expiry date or is open-ended or is
dependent on a documentary condition or event, if it has changed.
de

CODES

Type must contain one of the following codes (Error code(s): T36):
Ad

COND Expiry condition (including option for specified date of expiry).

FIXD Specified date of expiry (either with or without automatic extension).

OPEN No specified date of expiry.

258 Message Reference Guide - Standards Release Guide


MT 767 Amendment to a Demand Guarantee/Standby Letter of Credit

26. Field 31E: Date of Expiry


FORMAT

Option E 6!n (Date)

0
PRESENCE

Optional in optional sequence C

2
DEFINITION

20
This field specifies the new date when the local undertaking will cease to be available, if it has
changed.

NETWORK VALIDATED RULES

G
Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

27. Field 35G: Expiry Condition/Event


FORMAT

Option G 12*65x
SR (Narrative)

PRESENCE
to
Conditional (see rule C2) in optional sequence C

DEFINITION
m

This field specifies the new documentary condition/event that indicates when the local undertaking
will cease to be available, if it has changed, for example 180 days after date of required document.
du

28. Field 59: Beneficiary


FORMAT
n

[/34x] (Account)
4*35x (Name and Address)
de

PRESENCE

Optional in optional sequence C


Ad

DEFINITION

This field specifies the new beneficiary of the local undertaking, if it has changed.

20 December 2019 259


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

29. Field 77L: Other Amendments to Local Undertaking


FORMAT

Option L 150*65z (Narrative)

0
PRESENCE

Optional in optional sequence C

2
DEFINITION

20
This field specifies changes to the terms and conditions of the local undertaking (excluding
information already expressed in other fields or other associated messages).

USAGE RULES

G
The presence of this field implies that local undertaking terms and conditions are amended.

30. Field 24E: Delivery of Amendment To Local Undertaking


FORMAT

Option E 4!c[/35x]
SR (Code)(Additional Information)

PRESENCE
to
Optional in optional sequence C

DEFINITION
m

This field specifies the method by which the amendment to the local undertaking is to be delivered.

CODES
du

Code must contain one of the following codes (Error code(s): T59):

COLL By collection
n

COUR By courier (for example, Fedex, DHL, UPS)


de

MAIL By mail

MESS By messenger - hand-deliver

OTHR Other method


Ad

REGM By registered mail or airmail

NETWORK VALIDATED RULES

If Code is COUR or OTHR, then Additional Information may be present, otherwise Additional
Information is not allowed (Error code(s): D97).

260 Message Reference Guide - Standards Release Guide


MT 767 Amendment to a Demand Guarantee/Standby Letter of Credit

31. Field 24G: Delivery To/Collection By


FORMAT

Option G 4!c (Code)


[6*35x] (Name and Address)

0
PRESENCE

2
Optional in optional sequence C

20
DEFINITION

This field specifies to whom the amendment to the local undertaking is to be delivered or by whom
the amendment to the local undertaking is to be collected.

CODES

G
Code must contain one of the following codes (Error code(s): T60):

BENE

OTHR
Beneficiary

Specified address

NETWORK VALIDATED RULES


SR
If Code is OTHR, then Name And Address must be specified (Error code(s): D97).
to
m
n du
de
Ad

20 December 2019 261


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 768 Acknowledgement of a Guarantee/Standby


Message
This message type has not changed since the Advance information for Standards MT release 2020
published on 8 February 2019.

2 0
20
G
SR
to
m
n du
de
Ad

262 Message Reference Guide - Standards Release Guide


MT 769 Advice of Reduction or Release

MT 769 Advice of Reduction or Release


This message type has not changed since the Advance information for Standards MT release 2020
published on 8 February 2019.

2 0
20
G
SR
to
m
n du
de
Ad

20 December 2019 263


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 775 Amendment to a Demand Guarantee/Standby


Letter of Credit

MT 775 Scope

0
This message is sent in addition to an MT 767, when the information in the undertaking (demand

2
guarantee or standby letter of credit) would otherwise exceed the maximum message size of the
MT 767.

20
This message may specify the terms and conditions of the undertaking and for a (counter) counter-
undertaking may specify the requested terms and conditions of the local undertaking.

MT 775 Format Specifications

G
MT 775 Amendment to a Demand Guarantee/Standby Letter of Credit
Status Tag Field Name Content/Options No.

M
27

20

21

26E
Sequence of Total

Undertaking Number

Related Reference

Number of Amendment
SR 1!n/1!n

16x

16x

3n
1

43
|
to
M 52a Issuer A or D 54

O 77U Other Amendments to Undertaking 150*65z 65

O 77L Other Amendments to Local Undertaking 150*65z 76


m

M = Mandatory, O = Optional - Network Validated Rules may apply


du

MT 775 Network Validated Rules


C1 Either field 77U or field 77L must be present, both may be present (Error code(s): C19).
n

MT 775 Usage Rules


de

• When the maximum message size of the MT 767 is insufficient, one or more MTs 775 can be
used to extend the available size. Up to seven MTs 775 may be sent in addition to the MT 767.
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• Information conveyed in a designated field in this message must not be repeated in any related
MT 767. The information in any related MT 767 must not conflict with any information that is
present in this MT 775.

• Information conveyed in a designated field in the message must not be repeated or in conflict
with the terms and conditions specified in field 77U or with the requested local undertaking
terms and conditions specified in field 77L, in either the MT 767 or MT 775.

264 Message Reference Guide - Standards Release Guide


MT 775 Amendment to a Demand Guarantee/Standby Letter of Credit

MT 775 Field Specifications


1. Field 27: Sequence of Total
FORMAT

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1!n/1!n (Number)(Total)

2
PRESENCE

20
Mandatory

DEFINITION

This field specifies the number of this message in the series of messages sent for an undertaking
amendment, and the total number of messages in the series.

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NETWORK VALIDATED RULES

Total (Error code(s): T75).

USAGE RULES
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Number and Total must have a value in the range 2 to 8 and Number must be less than or equal to

Number must have a value of 2 for the first MT 775, and must be incremented by 1 for each
subsequent MT 775, up to a maximum of seven MTs 775.
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2. Field 20: Undertaking Number
FORMAT
m

16x
du

PRESENCE

Mandatory

DEFINITION
n

This field specifies the unique and unambiguous undertaking identifier assigned by the issuer.
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NETWORK VALIDATED RULES

This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'
(Error code(s): T26).
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USAGE RULES

This field should be the same as field 20 in MT 767.

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Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

3. Field 21: Related Reference


FORMAT

16x

0
PRESENCE

Mandatory

2
DEFINITION

20
If the Receiver of this message has previously sent an MT 768 Acknowledgement of a Guarantee/
Standby Message or its equivalent, this field contains the contents of field 20 Transaction
Reference Number of the acknowledgement. If no acknowledgement was previously received, this
field will contain a reference which is meaningful to the Receiver, for example, the undertaking
number.

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NETWORK VALIDATED RULES

(Error code(s): T26).

4. Field 26E: Number of Amendment


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This field must not start or end with a slash '/' and must not contain two consecutive slashes '//'

FORMAT
to
Option E 3n

PRESENCE
m

Mandatory

DEFINITION
du

This field specifies the sequence number that identifies this amendment.

USAGE RULES
n

This field should be the same as field 26E in MT 767.


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5. Field 52a: Issuer


FORMAT
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Option A [/1!a][/34x] (Party Identifier)


4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name and Address)

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MT 775 Amendment to a Demand Guarantee/Standby Letter of Credit

PRESENCE

Mandatory

DEFINITION

This field specifies the party that issues the undertaking (or counter-undertaking).

0
NETWORK VALIDATED RULES

2
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

20
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs
referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms,
Live destinations, and Test & Training destinations (Error code(s): C05).

USAGE RULES

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This field should be the same as field 52a in MT 767.

6. Field 77U: Other Amendments to Undertaking


FORMAT

Option U 150*65z
SR (Narrative)

PRESENCE
to
Conditional (see rule C1)

DEFINITION
m

This field specifies changes to the terms and conditions of the undertaking (excluding information
already expressed in other associated messages).
du

USAGE RULES

The presence of this field implies that the undertaking terms and conditions are amended.
n

7. Field 77L: Other Amendments to Local Undertaking


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FORMAT

Option L 150*65z (Narrative)


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PRESENCE

Conditional (see rule C1)

DEFINITION

This field specifies requested changes to the terms and conditions of the local undertaking
(excluding information already expressed in other fields or other associated messages).

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Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

USAGE RULES

The presence of this field implies that the local undertaking terms and conditions are amended.

2 0
20
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MT 785 Guarantee/Standby Letter of Credit Non Extension Notification

MT 785 Guarantee/Standby Letter of Credit Non


Extension Notification
This message type has not changed since the Advance information for Standards MT release 2020
published on 8 February 2019.

2 0
20
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SR
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Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 786 Guarantee/Standby Letter of Credit Demand


Refusal
This message type has not changed since the Advance information for Standards MT release 2020
published on 8 February 2019.

2 0
20
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SR
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MT 787 Guarantee/Standby Letter of Credit Amendment Response

MT 787 Guarantee/Standby Letter of Credit Amendment


Response
This message type has not changed since the Advance information for Standards MT release 2020
published on 8 February 2019.

2 0
20
G
SR
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Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

2 0
20
G
SR
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272 Message Reference Guide - Standards Release Guide


Part 3 Common Group

Part 3

0
Common Group

2
20
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SR
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Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Common Group Message Types


The following table lists all Common Group message types defined in Category 7.

For each message type, there is a short description, an indicator whether the message type
requires authentication (Y or N), the maximum message length for input (2,000 or 10,000

0
characters) and whether the use of the message requires registration with SWIFT for use in a
message user group (Y or N).

2
MT MT Name Purpose Signed (1) Max MUG

20
Length

790 Advice of Charges, Advises an account owner of Y 2,000 N


Interest and Other charges, interest or other
Adjustments adjustments to its account

791 Request for Payment Requests payment of charges, Y 2,000 N

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of Charges, Interest interest or other expenses
and Other Expenses

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792 Request for Requests the Receiver to consider Y 2,000 N
Cancellation cancellation of the message
identified in the request

795 Queries Requests information relating to a Y 2,000 N


previous message or amendment
to a previous message
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796 Answers Responds to a MT 795 Queries Y 2,000 N
message or MT 792 Request for
Cancellation or other messages
where no specific message type
has been provided for the response
m

798 Proprietary Message Contains formats defined and Y 10,000 N


agreed to between users and for
those messages not yet live
du

799 Free Format Contains information for which no Y 10,000 N


Message other message type has been
defined

(1) A Relationship Management Application (RMA) authorisation is required in order to sign a message.
n

Note: A Message User Group (MUG), for the purposes of this book, is a group of users who have
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voluntarily agreed to support the specified message type and have registered with SWIFT to send or
receive the specified message type. These messages are indicated in the preceding table in the
column MUG.
Registration is free of charge. To register to use one or more message types, submit a registration
request (Order Message User Group) through the forms available on www.swift.com > Ordering
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& Support > Ordering > Order Products and Services > Message User Group (MUG).
To withdraw from a MUG, use the Terminate your MUG subscription request. These forms are
available at www.swift.com > Ordering & Support > Ordering > Terminate and deactivate >
Message User Group (MUG).
To get the list of other members of a particular MUG, send an MT 999 to the Customer
Implementation team (SWHQBEBBCOS).

274 Message Reference Guide - Standards Release Guide


MT 790 Advice of Charges, Interest and Other Adjustments

MT 790 Advice of Charges, Interest and Other


Adjustments
See Category n - Common Group Messages, Chapter n90 Advice of Charges, Interest and Other
Adjustments for details concerning this message type.

2 0
20
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SR
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Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 791 Request for Payment of Charges, Interest and


Other Expenses
See Category n - Common Group Messages, Chapter n91 Request for Payment of Charges,
Interest and Other Expenses for details concerning this message type.

2 0
20
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MT 792 Request for Cancellation

MT 792 Request for Cancellation


See Category n - Common Group Messages, Chapter n92 Request for Cancellation for details
concerning this message type.

2 0
20
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SR
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20 December 2019 277


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 795 Queries
See Category n - Common Group Messages, Chapter n95 Queries for details concerning this
message type.

2 0
20
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SR
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MT 796 Answers

MT 796 Answers
See Category n - Common Group Messages, Chapter n96 Answers for details concerning this
message type.

2 0
20
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SR
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20 December 2019 279


Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

MT 798 Proprietary Message


See Category n - Common Group Messages, Chapter n98 Proprietary Message for details
concerning this message type.

2 0
20
G
SR
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MT 799 Free Format Message

MT 799 Free Format Message


This message type has not changed since the Advance information for Standards MT release 2020
published on 8 February 2019.

2 0
20
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SR
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Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Glossary of Terms
In addition to the definitions which appear in the Glossary of Terms in the Standards MT General
Information, the following terms apply to category 7 message types.

For any additional definitions or details, see the Uniform Rules for Bank-to-Bank Reimbursements

0
under documentary credits (URR) and the Uniform Customs and Practice for documentary credits
(UCP), International Chamber of Commerce, Paris, France.

2
Advising Bank The bank requested to advise the documentary credit.

20
Advising Instruction An instruction to the Advising Bank regarding confirmation of the
documentary credit.

Amendment Date The date on which an amendment was issued.

Amendment Statement A standard phrase linking the amendment to the original documentary

G
credit.

Amount Claimed The total claimed for reimbursement in a documentary credit, optionally

SR
followed by the date on which the Claiming Bank requests the amount to
be placed at its disposal.

Applicant The party at whose request a transaction or service is to be undertaken.

Charges Authorisation Issuing Bank's approval to the Reimbursement Bank to honour charges.

Charges Claimed The charges and commissions in addition to a principal amount claimed
to
under a documentary credit.

Claiming Bank's Reference The reference assigned by the Claiming Bank which unambiguously
Number identifies a particular transaction.
m

Credit Available by The method by which a documentary credit will be made available.

Credit Available With The identification of the nominated bank at which the credit is available.
du

Draft Details Information pertaining to the draft(s) required under a documentary credit.

Endorsement of Drawings A record of a specific drawing on a documentary credit.

Expiry Date and Place The latest date and place for presentation of documents for payment,
n

acceptance, or negotiation.

Issue Date and Place The date of issue of a documentary credit.


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Partial Shipments An incomplete shipment of goods.

Place for presentation Under a credit subject to UCP, this means an address where the paper
documents should be presented. Under a credit subject to eUCP, this
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means an electronic address where the electronic records should be


presented.

Presentation Period The period of time after the date of the issuance of the transport document
within which documents must be presented for action.

Shipping Information as to where the goods must be shipped/loaded on board/


dispatched/taken in charge and to which destination they must be
transported.

282 Message Reference Guide - Standards Release Guide


Glossary of Terms

Transshipment The shipment of goods between two points other than the original point of
shipment.

Transport Details The method whereby the goods were loaded on board, dispatch and taken
in charge, and to which destination they have been transported.

2 0
20
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Category 7 - Documentary Credits and Guarantees/Standby Letters of Credit for Standards MT November 2020

Legal Notices
Copyright

SWIFT © 2019. All rights reserved.

0
Disclaimer

2
This publication constitutes advance information only and is not to be considered the final and complete standards
documentation for the subject matter published herein.

20
The information in this publication may change from time to time. You must always refer to the latest available version.

SWIFT Standards Intellectual Property Rights (IPR) Policy - End-User License Agreement

SWIFT Standards are licensed subject to the terms and conditions of the SWIFT Standards IPR Policy - End-User License
Agreement available at www.swift.com > About Us > Legal > IPR Policies > SWIFT Standards IPR Policy.

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Translations

The English version of SWIFT documentation is the only official and binding version.

Trademarks
SR
SWIFT is the trade name of S.W.I.F.T. SCRL. The following are registered trademarks of SWIFT: 3SKey, Innotribe,
MyStandards, Sibos, SWIFT, SWIFTNet, SWIFT Institute, the Standards Forum logo, the SWIFT logo, and UETR. Other
product, service, or company names in this publication are trade names, trademarks, or registered trademarks of their
respective owners.
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284 Message Reference Guide - Standards Release Guide

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