SWIFTStandards

Category 7 - Documentary Credits and Guarantees
For SWIFTStandards MT November 2006

Message Reference Guide
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.

11 September 2006

Copyright
You may copy this publication within your organisation. Any such copy must include these legal notices.

Confidentiality
This publication contains SWIFT or third-party confidential information. Do not disclose this publication outside your organisation without the prior written consent of SWIFT.

Disclaimer
SWIFT supplies this publication for information purposes only. The information in this publication may change from time to time. You must always refer to the latest available version.

Translations
The English version of SWIFT documentation is the only official version.

Trademarks and Patents
SWIFT, S.W.I.F.T., the SWIFT logo, Sibos, SWIFTNet, SWIFTAlliance, SWIFTStandards, SWIFTReady and Accord are trademarks of S.W.I.F.T. SCRL. Other SWIFT-derived service and product names, including SWIFTSolutions, SWIFTWatch and SWIFTSupport, are tradenames of S.W.I.F.T. SCRL. SWIFT is the trading name of S.W.I.F.T. SCRL. Other product or company names in this publication are tradenames, trademarks, or registered trademarks of their respective owners. 11 September 2006

Table of Contents

Table of Contents
Introduction ........................................................................................................................... 1 Part 1 - Documentary Credits Documentary Credit Message Types..................................................................................... 6 MT 700 Issue of a Documentary Credit ................................................................................ 8 MT 701 Issue of a Documentary Credit .............................................................................. 28 MT 705 Pre-Advice of a Documentary Credit .................................................................... 33 MT 707 Amendment to a Documentary Credit ................................................................... 43 MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit .......................... 60 MT 711 Advice of a Third Bank's or a Non-Bank's Documentary Credit .......................... 81 MT 720 Transfer of a Documentary Credit ......................................................................... 86 MT 721 Transfer of a Documentary Credit ....................................................................... 108 MT 730 Acknowledgement ............................................................................................... 113 MT 732 Advice of Discharge ............................................................................................ 121 MT 734 Advice of Refusal ................................................................................................ 126 MT 740 Authorisation to Reimburse ................................................................................. 133 MT 742 Reimbursement Claim ......................................................................................... 143 MT 747 Amendment to an Authorisation to Reimburse ................................................... 153 MT 750 Advice of Discrepancy ........................................................................................ 160 MT 752 Authorisation to Pay, Accept or Negotiate .......................................................... 167 MT 754 Advice of Payment/Acceptance/Negotiation ...................................................... 177 MT 756 Advice of Reimbursement or Payment ................................................................ 186 Part 2 - Guarantees Guarantee Message Types ................................................................................................. 196 MT 760 Guarantee ............................................................................................................. 197 MT 767 Guarantee Amendment ........................................................................................ 204 MT 768 Acknowledgement of a Guarantee Message ....................................................... 211 MT 769 Advice of Reduction or Release .......................................................................... 222 Part 3 - Common Group Common Group Message Types ....................................................................................... 232 MT 790 Advice of Charges, Interest and Other Adjustments ........................................... 233

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Category 7 - Documentary Credits and Guarantees for SWIFTStandards MT November 2006

MT 791 Request for Payment of Charges, Interest and Other Expenses .......................... 234 MT 792 Request for Cancellation ..................................................................................... 235 MT 795 Queries ................................................................................................................. 236 MT 796 Answers ............................................................................................................... 237 MT 798 Proprietary Message ............................................................................................ 238 MT 799 Free Format Message .......................................................................................... 239 Glossary of Terms ............................................................................................................. 240

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Message Reference Guide

take the form of an amendment. Note: The examples used in this category do not always use the total number of characters available for a SWIFT message or specific field. For each message type. Message Type Format Specifications The format specifications are the rules for the layout of the message type. An MT 792 Request for Cancellation must therefore not be used. the rules and basic text of these message types are given in English.Documentary Credits and Guarantees as noted in the Standards Release Guide (SRG) 2006 and the relevant updates to the SRG 2006: • addition of fields and format options to support the advice and transfer of non-bank issued Letters of Credit.Introduction Introduction Overview Category 7 supports messages which are exchanged between banks involved in the documentary credit and guarantee business. respectively. multiple messages are shown. Volume Formatting Explanation This volume of the Standards User Handbook set contains general information about the category and a detailed description of each message type which is currently available for use. free to use any language they choose for individual credits and parts thereof. Therefore the Standards volumes as published on the User Handbook March 2005 edition remain effective until November 2006. MT 700/701. In some cases. or MT 767 Guarantee Amendment. or a guarantee. Users are however. the following information is provided: Message Type Scope The scope specifies the Sender and Receiver of the message and provides an explanation on how the message is used. MT 747 Amendment to an Authorisation to Reimburse. to demonstrate the use of these messages/fields when the maximum input message length/field length is exceeded. Applying the principles of the ICC UCP. an authorisation to reimburse. In some messages. transportation details and adherence to market practice rules IMPORTANT This volume contains information effective as of the November 2006 Standards Release. the following general rules apply: • the cancellation of a documentary credit. This information is provided in table form with the following information: 11 September 2006 1 . an example of the message flow is also provided. eg. Changes This volume incorporates the following change to Category 7 . When sending messages in this category. but rather an MT 707 Amendment to a Documentary Credit.

or more than one SWIFT message. as shown above. MT Network Validated Rules Network validated rules are validated on the network. They are identified as Cn. Field Name is the detailed name of the field tag.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT nnn (Message Type Name) Status M M Tag 20 21 Field Name Transaction Reference Number Related Reference 16x 16x Content/Options N o. 1 2 Mandatory Sequence A (Sequence Name) M M 25 32a Account Identification Value Date. for this message type. 2 Message Reference Guide . but are nevertheless mandatory for the correct usage of the message. rules for which an error code is defined. ie. identifies the number of the field in the Field Specifications for the message type.Category 7 . rules for which no error code is defined. Content/Options provides permitted field length and characteristics. Rules specified in this section affect more than one field in the message. Currency Code. • • • • Tag is the field identification. MT Usage Rules Usage rules are not validated on the network. placing a condition on one of the fields specified. ie. Amount 35x C or D 3 4 -----> Optional Repetitive Sequence B (Sequence Name) O M O -----| M = Mandatory O = Optional 52a 71B 72 Ordering Institution Details of Charges Sender to Receiver Information A or D 6*35x 6*35x 5 6 7 • • MT nnn (Message Type Name) provides the message type number and name Status indicates if the field is M – Mandatory O – Optional The status M for fields in optional (sub)sequences means that the field must be present if the (sub)sequence is present and is otherwise not allowed. please see Standards General Information. For information concerning field structure. Some messages are separated into sequences of fields. or conditional rules. Rules specified in this section affect more than one field in the message. notation and character restrictions. An arrow indicates that a sequence of fields may be repeated. No.

EXAMPLES provides one or more examples of the field as it will be formatted/used. which may contain some or all of the following: • • • • FORMAT specifies the field formats which are allowed for the field. or more than one SWIFT message. optional or conditional in its sequence. 11 September 2006 3 . and providing an explanation. SWIFT Format provides the message using the defined SWIFT format. rules which affect more than one field. followed by a description of the field. eg. Guidelines specified in this section affect more than one field in the message. column of the MT Format Specifications). Generally. where necessary. An explanation of the flow diagram can be found in Standards General Information. ie. If there is more than one subfield for which codes are defined. CODES lists all codes available for use in the field. They concern good practices. Each field is identified by its index number (as shown in the No. ie. either of the same or a different message type. rules which are validated at the message level. of the fields which have been used. rules for which no error code is defined. are repeated in this section. USAGE RULES specifies rules that are not validated on the network. In some cases. rules for which an error code is defined. This is the case when the rule does not affect the presence of the field. each separate code list will be identified with a CODES heading. DEFINITION specifies the definition of the field in the message type. NETWORK VALIDATED RULES specifies rules that are validated on the network. MT Examples Examples are provided to illustrate the correct use of a message. field tag and detailed field name.Introduction MT Guidelines Guidelines are not validated on the network and are not mandatory for the correct usage of the message. Rules specified in this section affect only the field in which they appear. but information within several fields. MT Field Specifications The rules for the use of each field in the message are specified in this section. Examples always include the following information: • • • Narrative provides a brief description of a transaction Information Flow illustrates the relationships between the parties involved in the message. ie. but are nevertheless mandatory for the correct usage of the field. PRESENCE indicates if the field is mandatory. the error code will be specified. When a list of codes is validated by the network. a currency which must be the same for more than one field in the message. • • • MT Mapping MT mapping provides an explanation of how to map the fields of the message into another SWIFT message. rules specified in this section affect only the field in which they appear.

4 Message Reference Guide .Impact on Category Message Standards Deletion of the National Currency Denomination Currency Codes See the SWIFTStandards General Information volume for full details of the Euro-Related Information (ERI) and the impact on SWIFTStandards FIN message types.Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Euro .

Part 1 Documentary Credits .

000 2.000 characters) and whether the use of the message requires registration with SWIFT for use in a message user group (Y or N). 46a and 47a Acknowledges the receipt of a documentary credit message and may indicate that the message has been forwarded according to instructions.000 2.000 N 720 Y 10.Category 7 . MT 700 701 705 707 MT Name Issue of a Documentary Credit Issue of a Documentary Credit Pre-Advice of a Documentary Credit Amendment to a Documentary Credit Advice of a Third Bank's Documentary Credit Advice of a Third Bank's Documentary Credit Transfer of a Documentary Credit Transfer of a Documentary Credit Acknowledgement Purpose Indicates the terms and conditions of a documentary credit Continuation of an MT 700 for fields 45a. there is a short description. to the bank advising the second beneficiary Continuation of an MT 720 for fields 45a.000 N 711 Y 10.000 N N 740 Authorisation to Reimburse Y 2. For each message type. It may also be used to account for bank charges or to advise of acceptance or rejection of an amendment of a documentary credit Advises that documents received with discrepancies have been taken up Advises the refusal of documents that are not in accordance with the terms and conditions of a documentary credit Requests the Receiver to honour claims for reimbursement of payment(s) or negotiation(s) under a documentary credit Authen Y Y Y Y Max Length 10.000 10. or part thereof. 46a and 47a Provides brief advice of a documentary credit for which full details will follow Informs the Receiver of amendments to the terms and conditions of a documentary credit Advises the Receiver of the terms and conditions of a documentary credit Continuation of an MT 710 for fields 45a.000 2. an indicator whether the message type requires authentication (Y or N).000 N 721 730 Y Y 10. the maximum message length for input (2.000 MUG N N N N 710 Y 10.000 N N 732 734 Advice of Discharge Advice of Refusal Y Y 2.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Documentary Credit Message Types The following table lists all Documentary Credit message types defined in Category 7.000 2. 46a and 47a Advises the transfer of a documentary credit.000 N 6 Message Reference Guide .000 or 10.

use the Deregister from a Message User Group request. This message type also handles the payment/ negotiation Advises of the reimbursement or payment for a drawing under a documentary credit in which no specific reimbursement instructions or payment provisions were given Authen Y Max Length 2.com > Ordering & Support > Ordering.000 N 756 Advice of Reimbursement or Payment Y 2. 11 September 2006 7 .000 N 754 Advice of Payment/Acceptance/N egotiation Y 2. negotiate or incur a deferred payment undertaking that the presentation of the documents may be honoured.000 MUG N 747 Amendment to an Authorisation to Reimburse Y 2.Documentary Credit Message Types MT 742 MT Name Reimbursement Claim Purpose Provides a reimbursement claim to the bank authorised to reimburse the Sender or its branch for its payments/ negotiations Informs the reimbursing bank of amendments to the terms and conditions of a documentary credit. Accept or Negotiate Y 2. To get the list of other members of a particular MUG. Registration is free of charge. accept. send an MT 999 to the Customer Implementation team (SWHQBEBBCOS).000 N 750 Advice of Discrepancy Y 2.swift. submit a registration request (Register to a Message User Group) through www. 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. To register to use one or more message types. notwithstanding the discrepancies. for the purposes of this book. These messages are indicated in the preceding table in the column MUG. provided they are otherwise in order Advises that documents have been presented in accordance with the terms of a documentary credit and are being forwarded as instructed. To withdraw from a MUG. relative to the authorisation to reimburse Advises of discrepancies and requests authorisation to honour documents presented that are not in accordance with the terms and conditions of the documentary credit Advises a bank which has requested authorisation to pay.com. These forms are available on www.000 N Note: A Message User Group (MUG).swift.000 N 752 Authorisation to Pay.

Category 7 ./Place of Receipt Port of Loading/Airport of Departure 8 Message Reference Guide ..Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 700 Issue of a Documentary Credit MT 700 Scope This message is sent by the issuing bank to the advising bank. MT 700 Format Specifications MT 700 Issue of a Documentary Credit Status M M M O O M M O M M M O O O M O O O O O O O O Tag 27 40A 20 23 31C 40E 31D 51a 50 59 32B 39A 39B 39C 41a 42C 42a Sequence of Total Form of Documentary Credit Documentary Credit Number Reference to Pre-Advice Date of Issue Applicable Rules Date and Place of Expiry Applicant Bank Applicant Beneficiary Currency Code.. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 42M Mixed Payment Details 42P 43P 43T 44A 44E Deferred Payment Details Partial Shipments Transhipment Place of Taking in Charge/Dispatch from. It is used to indicate the terms and conditions of a documentary credit which has been originated by the Sender (issuing bank). Amount Percentage Credit Amount Tolerance Maximum Credit Amount Additional Amounts Covered Available With … By … Drafts at … Drawee Field Name 1!n/1!n 24x 16x 16x 6!n 30x[/35x] 6!n29x A or D 4*35x [/34x] 4*35x 3!a15d 2n/2n 13x 4*35x A or D 3*35x A or D 4*35x 4*35x 1*35x 1*35x 1*65x 1*65x Content/Options No.

or field 42P alone may be present. additional documentary credit information should be transmitted via one or more MT 701s. fields 42C and 42a must both be present (Error code(s): C90). but not both. Either fields 42C and 42a together. B or D 6*35x MT 700 Network Validated Rules C1 C2 C3 C4 Either field 39A or 39B.. MT 700 Usage Rules • When the documentary credit message exceeds the maximum input message length. or field 42M alone. When used. may be present (Error code(s): D06). Up to three MT 701s may be sent in addition to the MT 700. or you.. Either field 44C or 44D. • • To avoid misunderstandings. where possible. may be present (Error code(s): D05). The negotiating bank must note each negotiation on that advice./Place of Delivery Latest Date of Shipment Shipment Period Description of Goods and/or Services Documents Required Additional Conditions Charges Period for Presentation Confirmation Instructions Reimbursing Bank 1*65x 1*65x 6!n 6*65x Content/Options No. 11 September 2006 9 . a documentary credit advised to the beneficiary or another advising bank based on a SWIFT message constitutes an operative credit instrument. Unless otherwise specified.MT 700 Status O O O O O O O O O M O O O O Tag 44F 44B 44C 44D 45A 46A 47A 71B 48 49 53a 78 57a 72 Field Name Port of Discharge/Airport of Destination Place of Final Destination/For Transportation to. yourselves. it must add sentences to the effect that: • The advice to the beneficiary must be presented at each negotiation. but not both. us. banks are to use Bank Identifier Codes rather than expressions such as ourselves. 24 25 26 27 28 29 30 31 32 33 34 35 36 37 100*65x 100*65x 100*65x 6*35x 4*35x 7!x A or D Instructions to the Paying/Accepting/Negotiating Bank 12*65x 'Advise Through' Bank Sender to Receiver Information M = Mandatory O = Optional A. For freely negotiable documentary credits. No other combination of these fields is allowed (Error code(s): C90). if the Receiver does not further transmit the credit by MT 710.

MT 700 Field Specifications 1. in a way that is clear and unambiguous to the beneficiary. Field 20: Documentary Credit Number FORMAT 16x PRESENCE Mandatory 10 Message Reference Guide .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 • The advising bank must advise a documentary credit. 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. Field 27: Sequence of Total FORMAT 1!n/1!n PRESENCE Mandatory DEFINITION This field specifies the number of this message in the series of messages sent for a documentary credit. CODES One of the following codes must be used (Error code(s): T60): IRREVOCABLE REVOCABLE REVOCABLE TRANSFERABLE IRREVOCABLE STANDBY REVOCABLE STANDBY IRREVOC TRANS STANDBY The documentary credit is irrevocable. The standby letter of credit is irrevocable. including all its details.Category 7 . The standby letter of credit is revocable. Field 40A: Form of Documentary Credit FORMAT Option A PRESENCE Mandatory DEFINITION This field specifies the type of credit. and the total number of messages in the series. The documentary credit is revocable. 24x (Type) IRREVOCABLE TRANSFERABLE The documentary credit is irrevocable and transferable. The standby letter of credit is irrevocable and transferable. 3. (Number) (Total) 2. The documentary credit is revocable and transferable.

USAGE RULES The absence of this field implies that the date of issue is the date this message is sent. by date. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). Field 40E: Applicable Rules FORMAT Option E PRESENCE Mandatory DEFINITION This field specifies the rules the credit is subject to. Field 23: Reference to Pre-Advice FORMAT 16x PRESENCE Optional DEFINITION This field specifies if the documentary credit has been pre-advised. USAGE RULES This field must contain the code PREADV followed by a slash '/' and a reference to the pre-advice. 5.MT 700 DEFINITION This field specifies the documentary credit number which has been assigned by the Sender. 6!n (Date) 6. 4. eg. Field 31C: Date of Issue FORMAT Option C PRESENCE Optional DEFINITION This field specifies the date on which the issuing bank (Sender) considers the documentary credit as being issued. CODES One of the following codes must be used (Error code(s): T59) 30x[/35x] (Applicable Rules) (Narrative) 11 September 2006 11 . NETWORK VALIDATED RULES Date must contain a valid date expressed as YYMMDD (Error code(s): T50).

"/"35x. which are in effect on the date of issue.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 EUCP LATEST VERSION The documentary credit is subject to the version of the Supplement of the ICC Uniform Customs and Practice for Documentary Credits for Electronic Presentations. Paris. 6!n29x (Date) (Place) 8. International Chamber of Commerce. which is in effect on the date of issue. The documentary credit is subject to the version of the ICC Uniform Customs and Practice for Documentary Credits. Field 31D: Date and Place of Expiry FORMAT Option D PRESENCE Mandatory DEFINITION This field specifies the latest date for presentation under the documentary credit and the place where documents must be presented. International Chamber of Commerce. Paris. Paris. EUCPURR LATEST VERSION ISP LATEST VERSION OTHR UCP LATEST VERSION UCPURR LATEST VERSION NETWORK VALIDATED RULES Subfield 2 of field 40E. NETWORK VALIDATED RULES Date must contain a valid date expressed as YYMMDD (Error code(s): T50). which is in effect on the date of issue. International Chamber of Commerce. France. The documentary credit is subject to the version of the ICC Uniform Customs and Practice for Documentary Credits and the version of the Uniform Rules for Bank-to-Bank Reimbursements under documentary credits. Paris. The standby letter of credit is subject to the version of the ICC International Standby Practices. France. which are in effect on the date of issue. France. which is in effect on the date of issue.Category 7 . ie. 7. Field 51a: Applicant Bank FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Optional 12 Message Reference Guide . France. International Chamber of Commerce. The credit is subject to any other rules. is only allowed when subfield 1 of this field consists of OTHR (Error code(s): D81). The documentary credit is subject to the version of the Supplement of the ICC Uniform Customs and Practice for Documentary Credits for Electronic Presentations and the version of the Uniform Rules for Bank-to-Bank Reimbursements. International Chamber of Commerce. Paris. France.

T28. The integer part of Amount must contain at least one digit. Live destinations and Test & Training destinations. T43). 3!a15d (Currency) (Amount) 11 September 2006 13 . Synonyms. non-SWIFT BICs.Corporations for more information about BEIs. (Error code(s): C05). The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. Masters. The decimal comma '.' is mandatory and is included in the maximum length. Field 50: Applicant FORMAT 4*35x PRESENCE Mandatory DEFINITION This field specifies the party on behalf of which the documentary credit is being issued. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. (Account) (Name & Address) 11. T29. Field 59: Beneficiary FORMAT [/34x] 4*35x PRESENCE Mandatory DEFINITION This field specifies the party in favour of which the documentary credit is being issued. (Name & Address) 10. T45). T40. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. Field 32B: Currency Code. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). The BIC must not be a BEI. if different from the issuing bank.MT 700 DEFINITION This field specifies the bank of the applicant customer. either connected or non-connected (Error code(s): T27. 9. Amount FORMAT Option B PRESENCE Mandatory DEFINITION This field contains the currency code and amount of the documentary credit. Please refer to the latest version of the BIC Directory .

Category 7 . freight. interest. 13x 14. 4*35x (Narrative) 14 Message Reference Guide .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 USAGE RULES Special information relative to the amount of the credit must be specified in field 39A Percentage Credit Amount Tolerance. USAGE RULES Tolerance 1 specifies a positive tolerance. Field 39A: Percentage Credit Amount Tolerance FORMAT Option A PRESENCE Conditional (C1) DEFINITION This field specifies the tolerance relative to the documentary credit amount as a percentage plus and/or minus that amount. 2n/2n (Tolerance 1) (Tolerance 2) 13. such as insurance. the Tolerance 2 specifies a negative tolerance. Field 39C: Additional Amounts Covered FORMAT Option C PRESENCE Optional DEFINITION This field specifies any additional amounts available to the beneficiary under the terms of the credit. Field 39B: Maximum Credit Amount FORMAT Option B PRESENCE Conditional (C1) DEFINITION This field further qualifies the documentary credit amount. 12. etc. CODES The following code must be used (Error code(s): T01): NOT EXCEEDING Qualifies the documentary credit amount. field 39B Maximum Credit Amount or field 39C Additional Amounts Covered.

Corporations for more information about BEIs.MT 700 15. the place for presentation of the electronic records (ie. non-SWIFT BICs. T28. Please refer to the latest version of the BIC Directory . 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 the credit is to be freely negotiable by any bank anywhere in the world. the place for presentation of the electronic records (ie. If presentation of only electronic records is allowed. When Code contains BY PAYMENT. the electronic address to which presentation must be made) must be specified in field 47A and not in this field. Synonyms. CODES Code must contain one of the following codes (Error code(s): T68) BY ACCEPTANCE BY DEF PAYMENT BY MIXED PYMT BY NEGOTIATION BY PAYMENT NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. option D must be used with the phrase Any bank in… (city or country). the specific details of the payment terms must be specified in field 42P and 42M respectively. USAGE RULES For credits subject to eUCP: • If presentation of both electronic records and paper documents is allowed. accept. T45). Field 41a: Available With… By… FORMAT Option A Option D 4!a2!a2!c[3!c] 14x 4*35x 14x (BIC) (Code) (Name and Address) (Code) PRESENCE Mandatory DEFINITION This field identifies the bank authorised to pay. The BIC must not be a BEI. T29. negotiate or incur a deferred payment undertaking for the credit and an indication of how the credit is available. either connected or non-connected (Error code(s): T27. (Error code(s): C05). Masters. this should be understood to mean payment at sight. • If the credit is to be freely negotiable by any bank. an indication of country is not required. When Code contains either BY DEF PAYMENT or BY MIXED PYMT. 11 September 2006 15 . Live destinations and Test & Training destinations. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs.

T29. (Error code(s): C05). Field 42C: Drafts at… FORMAT Option C PRESENCE Conditional (C2 and C3) DEFINITION This field specifies the tenor of drafts to be drawn under the documentary credit. Please refer to the latest version of the BIC Directory . 18. Field 42a: Drawee FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Conditional (C2 and C3) DEFINITION This field identifies the drawee of the drafts to be drawn under the documentary credit. Live destinations and Test & Training destinations.Category 7 . either connected or non-connected (Error code(s): T27. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. amounts and/or method for their determination in a documentary credit which is available by mixed payment. 3*35x (Narrative) 17. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. they are to be listed as documents in field 46A. Synonyms. T28.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 16. USAGE RULES The drawee must be a bank. 4*35x (Narrative) 16 Message Reference Guide . If drafts on the applicant are required.Corporations for more information about BEIs. The Party Identifier must not be present. Masters. The BIC must not be a BEI. T45). non-SWIFT BICs. Field 42M: Mixed Payment Details FORMAT Option M PRESENCE Conditional (C3) DEFINITION This field specifies the payment dates.

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.. 4*35x (Narrative) 20.MT 700 19. Field 43T: Transhipment FORMAT Option T PRESENCE Optional DEFINITION This field specifies whether or not transhipment is allowed under the documentary credit. 1*35x (Narrative) 22./Place of Receipt FORMAT Option A PRESENCE Optional DEFINITION This field specifies the place of taking in charge (in case of a multimodal transport document). Field 42P: Deferred Payment Details FORMAT Option P PRESENCE Conditional (C3) DEFINITION This field specifies the payment date or method for its determination in a documentary credit which is available by deferred payment only. 1*35x (Narrative) 21. Field 43P: Partial Shipments FORMAT Option P PRESENCE Optional DEFINITION This field specifies whether or not partial shipments are allowed under the documentary credit. 1*65x (Narrative) 23. Field 44A: Place of Taking in Charge/Dispatch from.. Field 44E: Port of Loading/Airport of Departure FORMAT Option E PRESENCE Optional 1*65x (Narrative) 11 September 2006 17 .

1*65x (Narrative) 25. Field 44F: Port of Discharge/Airport of Destination FORMAT Option F PRESENCE Optional DEFINITION This field specifies the port of discharge or airport of destination to be indicated on the transport document.. Field 44D: Shipment Period FORMAT Option D PRESENCE Conditional (C4) DEFINITION This field specifies the period of time during which the goods are to be loaded on board/despatched/taken in charge. 6!n (Date) 27. Field 44C: Latest Date of Shipment FORMAT Option C PRESENCE Conditional (C4) DEFINITION This field specifies the latest date for loading on board/ dispatch/ taking in charge. 1*65x (Narrative) 26. Field 44B: Place of Final Destination/For Transportation to. 6*65x (Narrative) 18 Message Reference Guide . 24.Category 7 ./Place of Delivery FORMAT Option B PRESENCE Optional DEFINITION This field specifies the final destination or place of delivery to be indicated on the transport document.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 DEFINITION This field specifies the port of loading or airport of departure to be indicated on the transport document.. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50).

The specification of each new item should begin on a new line. USAGE RULES When the ultimate date of issue of a transport document is specified. the format in which electronic records are to be presented must be specified in this field. CIF. the first MT 701 contains fields 45B and 46B. 100*65x (Narrative) 11 September 2006 19 . 46B and 47B (INVALID because there are three fields 45a). there is a limit of 100 lines of 65 characters to specify the description of goods and/or services. preceded by the sign '+'. 46A or 47A.MT 700 28. the first MT 701 contains field 45B. should be specified in this field. the second MT 701 contains field 47B (INVALID because there are two fields 45a). 100*65x (Narrative) Some examples of invalid combinations: • • MT 700 contains field 45A. either in the MT 700 or in one MT 701. 29. 46A. However. the second MT 701 contains field 47B. Some examples of valid combinations: • • • • • MT 700 contains field 45A. MT 700 contains field 45A. the third MT 701 contains field 47B. the first MT 701 contains field 45B. MT 700 contains field 46A. up to three MT 701s may be sent in addition to an MT 700. To cater for lengthy documentary credits. Field 45A: Description of Goods and/or Services FORMAT Option A PRESENCE Optional DEFINITION This field contains a description of the goods and/or services. etc. For credits subject to eUCP. the subsequent MT 701 contains fields 46B and 47B. and 47A. ie. it is to be specified with the relative document in this field. field 45a may appear in only one message. the second MT 701 contains fields 45B. the subsequent MT 701 contains fields 45B and 47B. the second MT 701 contains field 46B. Field 46A: Documents Required FORMAT Option A PRESENCE Optional DEFINITION This field contains a description of any documents required. the first MT 701 contains field 45B. USAGE RULES Terms such as FOB. This means that in any documentary credit. MT 700 does not contain fields 45A. MT 700 contains field 46A. MT 700 contains field 45A.

and 47A. the first MT 701 contains field 46B. field 46a may appear in only one message. Some examples of invalid combinations: • • MT 700 contains field 46A. the first MT 701 contains field 45B. MT 700 contains field 45A. the second MT 701 contains field 47B. up to three MT 701s may be sent in addition to an MT 700. the third MT 701 contains field 47B. MT 700 contains field 46A. the first MT 701 contains fields 45B and 46B. further details should be specified in this field. 30. Some examples of valid combinations: • • • • • MT 700 contains field 45A. ie. 100*65x (Narrative) Some examples of invalid combinations: 20 Message Reference Guide . there is a limit of 100 lines of 65 characters to specify the documents required. However. the first MT 701 contains field 45B. either in the MT 700 or in one MT 701. field 47a may appear in only one message. 46A. the first MT 701 contains field 45B. up to three MT 701s may be sent in addition to an MT 700. MT 700 contains field 47A. and 47A. the second MT 701 contains field 46B. MT 700 does not contain fields 45A. 46A or 47A. This means that in any documentary credit. preceded by the sign '+'. This means that in any documentary credit. there is a limit of 100 lines of 65 characters to specify the additional conditions. the subsequent MT 701 contains fields 46B and 47B. the second MT 701 contains fields 45B. the second MT 701 contains field 47B (INVALID because there are two fields 46a). MT 700 does not contain fields 45A.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 To cater for lengthy documentary credits. the subsequent MT 701 contains fields 45B and 47B.Category 7 . Some examples of valid combinations: • • • • • MT 700 contains field 45A. the second MT 701 contains field 47B. 46A. To cater for lengthy documentary credits. Field 47A: Additional Conditions FORMAT Option A PRESENCE Optional DEFINITION This field contains a description of further conditions of the documentary credit. the first MT 701 contains field 45B. MT 700 contains field 46A. either in the MT 700 or in one MT 701. 46A or 47A. However. the subsequent MT 701 contains fields 45B and 47B. the third MT 701 contains field 47B. USAGE RULES In case the documentary credit is subject to any rules for which no code words are provided in field 40E. The specification of each new item should begin on a new line. MT 700 contains field 46A. MT 700 contains field 46A. the subsequent MT 701 contains fields 45B and 46B. ie. MT 700 contains field 46A. 46B and 47B (INVALID because there are three fields 46a). the second MT 701 contains field 46B.

COM should be shown as EUCP(UNDERSCORE)RECS(AT)DRESDNER-BANK. CODES One or more of the following codes may be used. 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. the following line formats may be used: Line 1 Lines 2-6 PRESENCE Optional DEFINITION This field may be used only to specify charges to be borne by the beneficiary. followed by the currency code and amount: /8a/[3!a13d][additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) 11 September 2006 21 . 46B and 47B (INVALID because there are three fields 47a). Where applicable. preceded by the sign '+'. the place for presentation of the electronic records (ie. must provide the beneficiary or another advising bank with the electronic address of the issuing bank.COM should be shown as EUCP(AT)DRESDNER-BANK.COM The specification of each new item should begin on a new line. 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 place for presentation of the electronic records (ie. MT 700 contains field 47A. the second MT 701 contains field 47B (INVALID because there are two fields 47a). the second MT 701 contains fields 45B. the advising bank. the electronic address to which presentation must be made) must be specified in this field. Examples: EUCP@DRESDNER-BANK. In case the electronic address contains the "_". the first MT 701 contains fields 45B and 46B. for credits subject to eUCP: • If presentation of both electronic records and paper documents is allowed.MT 700 • • MT 700 contains field 47A. Furthermore. the latter should be replaced by "(AT)". If not already part of the original documentary credit. the receiver of the message.0 • • • 31. ie. the first MT 701 contains field 47B. In case the electronic address contains the "@" sign. EXAMPLE :47A:+NOT SUBJECT TO ICC UCP500 :47A:+SUBJECT TO ICC EUCP VERSION 1. Field 71B: Charges FORMAT Option B 6*35x (Narrative) In addition to narrative text.COM EUCP_RECS@DRESDNER-BANK. the latter should be replaced by "(UNDERSCORE)". If presentation of only electronic records is allowed.

32.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 AGENT COMM CORCOM DISC INSUR POST STAMP TELECHAR WAREHOUS Agent's commission Our commission Our correspondent's commission Commercial discount Insurance premium Our postage Stamp duty Teletransmission charges Wharfing and warehouse USAGE RULES In the absence of this field. Field 49: Confirmation Instructions FORMAT 7!x PRESENCE Mandatory DEFINITION This field contains confirmation instructions for the Receiver. all charges.Category 7 . CODES One of the following codes must be used (Error code(s): T67): (Instruction) 22 Message Reference Guide . Narrative text must not begin with a slash and. Field 48: Period for Presentation FORMAT 4*35x PRESENCE Optional DEFINITION This field specifies the period of time after the date of shipment within which the documents must be presented for payment. except negotiation and transfer charges. acceptance or negotiation. USAGE RULES The period of time is expressed in number of days. (Narrative) 33. The absence of this field means that the presentation period is 21 days. Any code used in this field must be between slashes and must appear at the beginning of a line. if used. where applicable. are to be borne by the applicant. must begin on a new line and be the last information in the field.

non-SWIFT BICs. between the Sender and the Receiver. 34. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. the absence of field 53a means that this account relationship will be used for reimbursement. T29. T45). Please refer to the latest version of the BIC Directory . USAGE RULES With the exception of a credit valid for negotiation. Synonyms. of days within which the issuing bank has to be notified should also be indicated.MT 700 CONFIRM MAY ADD WITHOUT The Receiver is requested to confirm the credit. 35.Corporations for more information about BEIs. banking or calendar. or an entirely different bank. Masters. In addition to the provision made in the message scope. USAGE RULES Non-adherence to URR must be specified in this field. The BIC must not be a BEI. The Receiver may add its confirmation to the credit. if there is a single direct account relationship. the number and type. in the currency of the credit. accepting or negotiating bank. When used to indicate pre-notification of a reimbursement claim or pre-debit notification to the issuing bank is required. The Receiver is not requested to confirm the credit. It may also indicate if prenotification of a reimbursement claim or pre-debit notification to the issuing bank is required. This may be a branch of the Sender or the Receiver. Field 53a: Reimbursing Bank FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION This field specifies the name of the bank which has been authorised by the Sender to reimburse drawings under the documentary credit. either connected or non-connected (Error code(s): T27. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. (Narrative) 11 September 2006 23 . adherence to URR may be expressly indicated for those issuing banks who need to do so. (Error code(s): C05). ie. Field 78: Instructions to the Paying/Accepting/Negotiating Bank FORMAT 12*65x PRESENCE Optional DEFINITION This field specifies instructions to the paying. Live destinations and Test & Training destinations. T28.

24 Message Reference Guide . NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. non-SWIFT BICs. 37. Masters. Field 57a: 'Advise Through' Bank FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION This field identifies the bank.Category 7 . Live destinations and Test & Training destinations. Please refer to the latest version of the BIC Directory . (Error code(s): C05). Synonyms. The BIC must not be a BEI. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. if different from the Receiver. Please advise the beneficiary by the most efficient means of telecommunication. through which the documentary credit is to be advised/confirmed to the beneficiary. T28. T29.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 EXAMPLE :78:NOT SUBJECT TO ICC URR525 36. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field specifies additional information for the Receiver. either connected or non-connected (Error code(s): T27. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. T45). CODES One or more of the following codes may be used: PHONBEN TELEBEN Please advise/contact beneficiary by phone.Corporations for more information about BEIs.

MT 700 Examples Narrative ABC Company. Vienna.'s bank is Oesterreichische Laenderbank. imports beer from Amdam Company. PO Box 123. Amsterdam. ABC Co.'s bank is Bank Mees en Hope. Transhipment and partial shipments are permitted. 11 September 2006 25 .MT 700 USAGE RULES Any code must be between slashes and must appear at the beginning of a line. Amsterdam. must begin on a new line and be the last information in the field. the documentary credit is comprised of the following: Type of Credit: Documentary Credit Number: Date of Issue: Expiry Date: Place of Expiry: Amount: Advising Bank: Available With: Shipment: IRREVOCABLE 12345 17 May 2003 30 July 2003 Advising Bank Euro 100. The documentary credit has been pre-advised on 10 May 2003.000 Amsterdam-Rotterdam Bank Amsterdam Advising Bank By sight payment 400. Against presentation of the following documents through the Advising Bank: Documents are to be presented within 6 days after the date of issuance of the Forwarding Agent's Certificate of Receipt (FCR). Amdam Co. Confirmation is requested.000 Bottles of beer Packed 12 to an export carton FCA Amsterdam Signed Commercial Invoice in Quintuplicate Forwarding Agent's Certificate of Receipt. Vienna. Kaerntnerstrasse 3. In addition to the above information. under a documentary credit. if used. Taking in charge at Amsterdam for transportation to Vienna. showing goods addressed to Applicant. Narrative text must not begin with a slash and.

Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Information Flow Applicant 50 ABC Company Vienna Sender (Issuing Bank) Österreichische Länderbank Vienna MT 700 Receiver (Advising Bank) Amsterdam-Rotterdam Bank Amsterdam 'Advise Through' Bank 57a Bank Mees en Hope Amsterdam Beneficiary 59 SWIFT Message Explanation Sender Message Type Receiver Message Text Sequence of Total Form of Documentary Credit Documentary Credit Number Reference to Pre-Advice Date of Issue Date and Place of Expiry Applicant :27:1/1 OELBATWW 700 AMRONL2A Format :40A:IRREVOCABLE :20:12345 :23:PREADV/030510 :31C:030517 :31D:030730AMSTERDAM :50:ABC COMPANY KAERNTNERSTRASSE 3 VIENNA 26 D0070001 Amdam Company Amsterdam Message Reference Guide .

:41A:AMRONL2A BY PAYMENT :43P:ALLOWED :43T:ALLOWED :44A:AMSTERDAM :44B:VIENNA :45A:+400.000 BOTTLES OF BEER PACKED 12 TO AN EXPORT CARTON +FCA AMSTERDAM :46A:+SIGNED COMMERCIAL INVOICE IN QUINTUPLICATE + FORWARDING AGENTS CERTIFICATE OF RECEIPT SHOWING GOODS ADDRESSED TO THE APPLICANT :48:WITHIN 6 DAYS OF ISSUANCE OF FCR :49:CONFIRM :57A:MEESNL2A Currency Code/Amount Available With… By… Partial Shipments Transhipment Taking in Charge … For Transportation to … Description of Goods Documents Required Period for Presentation Confirmation Instructions 'Advise Through' Bank End of Message Text/Trailer 11 September 2006 27 .MT 700 Explanation Beneficiary Format :59:AMDAM COMPANY PO BOX 123 AMSTERDAM :32B:EUR100000.

MT 701 Format Specifications MT 701 Issue of a Documentary credit Status M M O O O Tag 27 20 45B 46B 47B Sequence of Total Documentary Credit Number Description of Goods and/or Services Documents Required Additional Conditions M = Mandatory O = Optional Field Name 1!n/1!n 16x 100*65x 100*65x 100*65x Content/Options No.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 701 Issue of a Documentary Credit MT 701 Scope This message is sent by the issuing bank to the advising bank. a documentary credit advised to the beneficiary or another advising bank based on a SWIFT message constitutes an operative credit instrument. yourselves . It is used to indicate the terms and conditions of a documentary credit which has been originated by the Sender (issuing bank). when the information in the documentary credit exceeds the maximum input message length of the MT 700. Unless otherwise specified. if the Receiver does not further transmit the credit by MT 710. The advising bank must advise a documentary credit. in a way that is clear and unambiguous to the beneficiary. 28 Message Reference Guide . it must add sentences to the effect that: • • The advice to the beneficiary must be presented at each negotiation. The negotiating bank must note each negotiation on that advice. banks are to use Bank Identifier Codes rather than expressions such as ourselves. where possible.Category 7 . When the documentary credit message exceeds the maximum input message length. including all its details. This message is sent in addition to an MT 700 Issue of a Documentary Credit. additional documentary credit information should be transmitted via one or more MT 701s. us. or you. Up to three MT 701s may be sent in addition to the MT 700. 1 2 3 4 5 MT 701 Network Validated Rules There are no network validated rules for this message type. MT 701 Usage Rules • • Any rules the credit is subject to must be indicated in field 40E of the MT 700 this message relates to. For freely negotiable documentary credits. • • To avoid misunderstandings.

the second MT 701 contains field 47B. MT 700 contains field 46A. there is a limit of 100 lines of 65 characters to specify the description of goods and/or services. To cater for lengthy documentary credits. field 45a may appear in only one message. Field 20: Documentary Credit Number FORMAT 16x PRESENCE Mandatory DEFINITION This field specifies the documentary credit number which has been assigned by the Sender. Some examples of valid combinations: • • • MT 700 contains field 45A. should be specified in this field. up to three MT 701s may be sent in addition to an MT 700. Field 45B: Description of Goods and/or Services FORMAT Option B PRESENCE Optional DEFINITION This field contains a description of the goods and/or services. This means that in any documentary credit. (Number) (Total) 2. However. the subsequent MT 701 contains fields 46B and 47B. 100*65x (Narrative) 11 September 2006 29 . and the total number of messages in the series. USAGE RULES Terms such as FOB. CIF. MT 700 contains field 46A. the subsequent MT 701 contains fields 45B and 47B. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26).MT 701 MT 701 Field Specifications 1. the first MT 701 contains field 45B. either in the MT 700 or in one MT 701. etc. Field 27: Sequence of Total FORMAT 1!n/1!n PRESENCE Mandatory DEFINITION This field specifies the number of this message in the series of messages sent for a documentary credit. 3. ie.

Field 46B: Documents Required FORMAT Option B PRESENCE Optional DEFINITION This field contains a description of any documents required. Field 47B: Additional Conditions FORMAT Option B 100*65x (Narrative) 30 Message Reference Guide . For credits subject to eUCP. To cater for lengthy documentary credits. the third MT 701 contains field 47B.Category 7 . The specification of each new item should begin on a new line. the first MT 701 contains fields 45B and 46B. USAGE RULES When the ultimate date of issue of a transport document is specified. either in the MT 700 or in one MT 701. ie. 46B and 47B (INVALID because there are three fields 45a). the first MT 701 contains field 46B. the second MT 701 contains field 47B. the first MT 701 contains field 45B. 46A or 47A. field 46a may appear in only one message. the second MT 701 contains field 47B (INVALID because there are two fields 45a). the subsequent MT 701 contains fields 46B and 47B. 46A or 47A. preceded by the sign '+'. the second MT 701 contains field 46B. the first MT 701 contains field 45B. the first MT 701 contains field 45B. the second MT 701 contains fields 45B. Some examples of invalid combinations: • • MT 700 contains field 45A. MT 700 contains field 45A. Some examples of valid combinations: • • • • MT 700 contains field 45A. This means that in any documentary credit. 46B and 47B (INVALID because there are three fields 46a). it is to be specified with the relative document in this field. the first MT 701 contains field 45B. 5. The specification of each new item should begin on a new line. 100*65x (Narrative) Some examples of invalid combinations: • • MT 700 contains field 46A. MT 700 contains field 46A. the third MT 701 contains field 47B. the subsequent MT 701 contains fields 45B and 47B. preceded by the sign '+'.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 • MT 700 does not contain fields 45A. MT 700 does not contain fields 45A. the second MT 701 contains field 47B (INVALID because there are two fields 46a). MT 700 contains field 46A. there is a limit of 100 lines of 65 characters to specify the documents required. 4. the second MT 701 contains fields 45B. the format in which electronic records are to be presented must be specified in this field. MT 700 contains field 46A. up to three MT 701s may be sent in addition to an MT 700. the first MT 701 contains fields 45B and 46B. However. the second MT 701 contains field 46B.

EXAMPLE :47B:+NOT SUBJECT TO ICC UCP500 11 September 2006 31 • • • .COM EUCP_RECS@DRESDNER-BANK. Where applicable. Some examples of invalid combinations: • • MT 700 contains field 47A. the first MT 701 contains field 45B. the receiver of the message. up to three MT 701s may be sent in addition to an MT 700. preceded by the sign '+'. either in the MT 700 or in one MT 701.MT 701 PRESENCE Optional DEFINITION This field contains a description of further conditions of the documentary credit. for credits subject to eUCP: • If presentation of both electronic records and paper documents is allowed. MT 700 contains field 46A. In case the electronic address contains the "_". If presentation of only electronic records is allowed.COM should be shown as EUCP(AT)DRESDNER-BANK. If not already part of the original documentary credit. the first MT 701 contains field 45B. the latter should be replaced by "(AT)". This means that in any documentary credit. the place for presentation of the electronic records (ie. the second MT 701 contains fields 45B. In case the electronic address contains the "@" sign. further details should be specified in this field. Examples: EUCP@DRESDNER-BANK. must provide the beneficiary or another advising bank with the electronic address of the issuing bank. the place for presentation of the electronic records (ie. the subsequent MT 701 contains fields 45B and 47B. ie. the third MT 701 contains field 47B. Furthermore. MT 700 contains field 46A.COM should be shown as EUCP(UNDERSCORE)RECS(AT)DRESDNER-BANK. 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. the advising bank. 46B and 47B (INVALID because there are three fields 47a). 46A or 47A. there is a limit of 100 lines of 65 characters to specify the additional conditions.COM The specification of each new item should begin on a new line. ie. Some examples of valid combinations: • • • • MT 700 contains field 47A. the latter should be replaced by "(UNDERSCORE)". the first MT 701 contains field 47B. the subsequent MT 701 contains fields 45B and 46B. To cater for lengthy documentary credits. the second MT 701 contains field 46B. the first MT 701 contains fields 45B and 46B. 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 electronic address to which presentation must be made) must be specified in this field. USAGE RULES In case the documentary credit is subject to any rules for which no code words are provided in field 40E of the related MT 700. However. MT 700 contains field 47A. the second MT 701 contains field 47B (INVALID because there are two fields 47a). the second MT 701 contains field 47B. MT 700 does not contain fields 45A. field 47a may appear in only one message.

32 Message Reference Guide .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 :47B:+SUBJECT TO ICC EUCP VERSION 1.Category 7 .0 MT 701 Examples There are no examples for this message type.

without delay. Amount Percentage Credit Amount Tolerance Maximum Credit Amount Additional Amounts Covered Available With… By… Place of Taking in Charge/Dispatch from.. the full details of which will follow../Place of Receipt Port of Loading/Airport of Departure Port of Discharge/Airport of Destination Place of Final Destination/For Transportation to. MT 705 Format Specifications MT 705 Pre-Advice of a Documentary Credit Status M M M M M M O O O O O O O O O O O O O O Tag 40A 20 31D 50 59 32B 39A 39B 39C 41a 44A 44E 44F 44B 44C 44D 45A 57a 79 72 Field Name Form of Documentary Credit Documentary Credit Number Date and Place of Expiry Applicant Beneficiary Currency Code. B or D 35*50x 6*35x Content/Options No./Place of Delivery Latest Date of Shipment Shipment Period Description of Goods and/or Services 'Advise Through' Bank Narrative Sender to Receiver Information M = Mandatory O = Optional 24x 16x 6!n29x 4*35x [/34x] 4*35x 3!a15d 2n/2n 13x 4*35x A or D 1*65x 1*65x 1*65x 1*65x 6!n 6*65x 100*65x A.. the issuing bank must forward the operative credit instrument. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 11 September 2006 33 . It is a brief advice of a documentary credit.MT 705 MT 705 Pre-Advice of a Documentary Credit MT 705 Scope This message is sent by the issuing bank to the advising bank.. MT 700 Issue of a Documentary credit. Unless otherwise stated. ie. The pre-advice is not an operative credit instrument.

MT 705 Field Specifications 1. 24x (Type) IRREVOCABLE TRANSFERABLE The documentary credit is irrevocable and transferable. but not both. CODES One of the following codes must be used (Error code(s): T60): IRREVOCABLE REVOCABLE REVOCABLE TRANSFERABLE IRREVOCABLE STANDBY REVOCABLE STANDBY IRREVOC TRANS STANDBY The documentary credit is irrevocable. The standby letter of credit is irrevocable and transferable. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). The documentary credit is revocable. may be present (Error code(s): D05). Field 20: Documentary Credit Number FORMAT 16x PRESENCE Mandatory DEFINITION This field specifies the documentary credit number which has been assigned by the Sender.Category 7 . The standby letter of credit is revocable. Field 31D: Date and Place of Expiry FORMAT Option D PRESENCE Mandatory 6!n29x (Date) (Place) 34 Message Reference Guide . but not both. The documentary credit is revocable and transferable. Field 40A: Form of Documentary Credit FORMAT Option A PRESENCE Mandatory DEFINITION This field specifies the type of credit. 3.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 705 Network Validated Rules C1 C2 Either field 39A or 39B. may be present (Error code(s): D06). 2. Either field 44C or 44D. The standby letter of credit is irrevocable.

T43). 3!a15d (Currency) (Amount) 11 September 2006 35 . The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). (Account) (Name & Address) 6. Field 50: Applicant FORMAT 4*35x PRESENCE Mandatory DEFINITION This field specifies the party on behalf of which the documentary credit is being issued. Field 59: Beneficiary FORMAT [/34x] 4*35x PRESENCE Mandatory DEFINITION This field specifies the party in favour of which the documentary credit is being issued. T40.MT 705 DEFINITION This field specifies the latest date for presentation under the documentary credit and the place where documents must be presented. field 39B Maximum Credit Amount or field 39C Additional Amounts Covered. The decimal comma '. Field 32B: Currency Code. The integer part of Amount must contain at least one digit. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). Amount FORMAT Option B PRESENCE Mandatory DEFINITION This field contains the currency and amount of the documentary credit. USAGE RULES Special information relative to the amount of the credit must be specified in field 39A Percentage Credit Amount Tolerance. (Narrative) 5. 4.' is mandatory and is included in the maximum length.

2n/2n (Tolerance 1) (Tolerance 2) 8. Field 39A: Percentage Credit Amount Tolerance FORMAT Option A PRESENCE Conditional (C1) DEFINITION This field specifies the tolerance relative to the documentary credit amount as a percentage plus and/or minus that amount. CODES The following code must be used (Error code(s): T01): NOT EXCEEDING Qualifies the documentary credit amount. USAGE RULES Tolerance 1 specifies a positive tolerance.Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 7. 13x (Code) 9. etc. Field 39C: Additional Amounts Covered FORMAT Option C PRESENCE Optional DEFINITION This field specifies any additional amounts covered such as insurance. Field 39B: Maximum Credit Amount FORMAT Option B PRESENCE Conditional (C1) DEFINITION This field further qualifies the documentary credit amount. Field 41a: Available With… By… FORMAT Option A Option D 4!a2!a2!c[3!c] 14x 4*35x 14x (BIC) (Code) (Name & Address) (Code) PRESENCE Optional 36 Message Reference Guide . 4*35x (Narrative) 10. freight. Tolerance 2 specifies a negative tolerance. interest.

non-SWIFT BICs. T45). Please refer to the latest version of the BIC Directory ./Place of Receipt FORMAT Option A PRESENCE Optional DEFINITION This field specifies the place of taking in charge (in case of a multimodal transport document). USAGE RULES If the credit is to be freely negotiable by any bank. 1*65x (Narrative) 11 September 2006 37 . the place of receipt (in case of a road. this should be understood to mean payment at sight. option D must be used with the phrase Any bank in… (city or country). Masters.Corporations for more information about BEIs. 1*65x (Narrative) 12.MT 705 DEFINITION This field identifies the bank authorised to pay. 11. CODES Code must contain one of the following codes (Error code(s): T68): BY ACCEPTANCE BY DEF PAYMENT BY MIXED PYMT BY NEGOTIATION BY PAYMENT NETWORK VALIDATED RULES The BIC must be a SWIFT registered address.. If the credit is to be freely negotiable by any bank anywhere in the world. rail or inland waterway transport document or a courier or expedited delivery service document). Field 44A: Place of Taking in Charge/Dispatch from.. and an indication of how the credit is available. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. Synonyms. T28. (Error code(s): C05). Field 44E: Port of Loading/Airport of Departure FORMAT Option E PRESENCE Optional DEFINITION This field specifies the port of loading or airport of departure to be indicated on the transport document. either connected or non-connected (Error code(s): T27. negotiate or incur a deferred payment undertaking for the credit. Live destinations and Test & Training destinations. T29. The BIC must not be a BEI. the place of dispatch or the place of shipment to be indicated on the transport document. accept. When Code contains BY PAYMENT. an indication of country is not required.

1*65x (Narrative) 14. Field 44C: Latest Date of Shipment FORMAT Option C PRESENCE Conditional (C2) DEFINITION This field specifies the latest date for loading on board/dispatch/ taking in charge. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50).. Field 44B: Place of Final Destination/For Transportation to.Category 7 . 6*65x (Narrative) 17. 6!n (Date) 16. Field 44D: Shipment Period FORMAT Option D PRESENCE Conditional (C2) DEFINITION This field specifies the period of time during which the goods are to be loaded on board/despatched/taken in charge. Field 45A: Description of Goods and/or Services FORMAT Option A 100*65x (Narrative) 38 Message Reference Guide . Field 44F: Port of Discharge/Airport of Destination FORMAT Option F PRESENCE Optional DEFINITION This field specifies the port of discharge or airport of destination to be indicated on the transport document.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 13. 1*65x (Narrative) 15../Place of Delivery FORMAT Option B PRESENCE Optional DEFINITION This field specifies the final destination or place of delivery to be indicated on the transport document.

structured text with the following line formats may be used: 11 September 2006 39 .Corporations for more information about BEIs. CIF. USAGE RULES Terms such as FOB. Masters. either connected or non-connected (Error code(s): T27. should be specified in this field. T28. (Error code(s): C05). if different from the Receiver. non-SWIFT BICs. (Narrative) 20. Synonyms. T45). Please refer to the latest version of the BIC Directory . 18. Field 79: Narrative FORMAT 35*50x PRESENCE Optional DEFINITION This field specifies additional information concerning the documentary credit. T29. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. Live destinations and Test & Training destinations. through which the pre-advice of a documentary credit is to be advised to the beneficiary. The BIC must not be a BEI.MT 705 PRESENCE Optional DEFINITION This field contains a description of the goods or services. The specification of each new item should begin on a new line. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. preceded by the sign '+'. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. etc. 19. Field 57a: 'Advise Through' Bank FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION This field identifies the bank.

Narrative text must not begin with a slash and. It is valid until 30 July 2003. Oesterreichische Laenderbank sends a pre-advice of the credit to the advising bank. The credit is in favour of Amdam Company. for Euro 100. must begin on a new line and be the last information in the field. Amsterdam. Amsterdam. covering 400. Vienna. Amdam Company is to be advised through Bank Mees en Hope. 40 Message Reference Guide . is going to issue its irrevocable documentary credit 12345. (To review the issue of the documentary credit with all of the credit details. Amsterdam-Rotterdam Bank. PO Box 123.000 bottles of beer. Vienna. USAGE RULES Any code must be between slashes and must appear at the beginning of a line. please see the Example Section of the MT 700). if used. MT 705 Examples Narrative Oesterreichische Laenderbank. Amsterdam. Please advise the beneficiary by the most efficient means of telecommunication.Category 7 . CODES One or more of the following codes may be used: PHONBEN TELEBEN Please advise/contact beneficiary by phone. Kaerntnerstrasse 3.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field specifies additional information for the Receiver.000 on behalf of ABC Company.

MT 705 Information Flow Applicant 50 ABC Company Vienna Sender (Issuing Bank) Österreichische Länderbank Vienna MT 705 Receiver (Advising Bank) Amsterdam-Rotterdam Bank Amsterdam 'Advise Through' Bank 57a Bank Mees en Hope Amsterdam Beneficiary 59 SWIFT Message Explanation Sender Message Type Receiver Message Text Form of Documentary Credit Documentary Credit Number Date and Place of Expiry Applicant OELBATWW 705 AMRONL2A Format :40A:IRREVOCABLE :20:12345 :31D:030730AMSTERDAM :50:ABC COMPANY KAERNTNERSTRASSE 3 VIENNA :59:AMDAM COMPANY PO BOX 123 AMSTERDAM Beneficiary 11 September 2006 D0070002 Amdam Company Amsterdam 41 .

Category 7 .000 BOTTLES OF BEER :57A:MEESNL2A 42 Message Reference Guide . Format :45A:+400.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Explanation Currency Code/Amount Description of Goods 'Advise Through' Bank End of Message Text/Trailer :32B:EUR100000.

MT 707 Format Specifications MT 707 Amendment to a Documentary Credit Status M M O O O O O M O O O O O O O O O O O O Tag 20 21 23 52a 31C 30 26E 59 31E 32B 33B 34B 39A 39B 39C 44A 44E 44F 44B 44C Sender's Reference Receiver's Reference Issuing Bank's Reference Issuing Bank Date of Issue Date of Amendment Number of Amendment Beneficiary (before this amendment) New Date of Expiry Increase of Documentary Credit Amount Decrease of Documentary Credit Amount New Documentary Credit Amount After Amendment Percentage Credit Amount Tolerance Maximum Credit Amount Additional Amounts Covered Place of Taking in Charge/Dispatch from. unless the MT 707 is used to convey only brief details of the amendment..MT 707 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 bank to another advising bank or by a transferring bank to an advising bank.. details of which are to follow./Place of Delivery Latest Date of Shipment Field Name 16x 16x 16x A or D 6!n 6!n 2n [/34x] 4*35x 6!n 3!a15d 3!a15d 3!a15d 2n/2n 13x 4*35x 1*65x 1*65x 1*65x 1*65x 6!n Content/Options No. The amendment is to be considered as part of the documentary credit.../Place of Receipt Port of Loading/Airport of Departure Port of Discharge/Airport of Destination Place of Final Destination/For Transportation to. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 11 September 2006 43 . 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.

Category 7 - Documentary Credits and Guarantees for SWIFTStandards MT November 2006

Status O O O

Tag 44D 79 72 Shipment Period Narrative

Field Name 6*65x 35*50x 6*35x

Content/Options

No. 21 22 23

Sender to Receiver Information M = Mandatory O = Optional

MT 707 Network Validated Rules
C1 C2 C3 C4 C5 C6 C7 If either field 32B or 33B is present, field 34B must also be present (Error code(s): C12). If field 34B is present, either field 32B or 33B must also be present (Error code(s): C12). If field 23 is present, field 52a must also be present (Error code(s): C16). Either field 39A or 39B, but not both, may be present (Error code(s): D05). Either field 44C or 44D, but not both, may be present (Error code(s): D06). At least one of the fields 31E, 32B, 33B, 34B, 39A, 39B, 39C, 44A, 44E, 44F, 44B, 44C, 44D, 79 or 72 must be present (Error code(s): C30). The currency code in the amount fields 32B, 33B, and 34B must be the same (Error code(s): C02).

MT 707 Usage Rules
• • • Terms and conditions which are not mentioned in the amendment message remain unchanged. The cancellation of a documentary credit takes the form of an amendment. The MT 707 must therefore be used. There are specific fields for amendments to the date of expiry and for loading on board/dispatch/taking in charge, and for increases or decreases in the amount of the documentary credit. All other amendments must be specified in field 79. When an MT 707 conveys the actual and complete amendment, it is intended to form part of the operative instrument. When an MT 707 is used to convey only brief details which are not intended to form part of the operative instrument, field 79 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 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, ie, the Receiver of the message, should, 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.

• • •

44

Message Reference Guide

MT 707

MT 707 Field Specifications
1. Field 20: Sender's Reference
FORMAT 16x PRESENCE Mandatory DEFINITION This field specifies the reference assigned by the Sender to unambiguously identify the message. 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: Receiver's Reference
FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the reference number assigned to the documentary credit by the Receiver of the message. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). USAGE RULES If the Receiver's reference is not known, NONREF must be used in this field.

3.

Field 23: Issuing Bank's Reference
FORMAT 16x PRESENCE Optional DEFINITION This field specifies the documentary credit number of the issuing bank. USAGE RULES This field is used when the message is sent by a bank other than the issuing bank, ie, it is sent by an advising bank.

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Category 7 - Documentary Credits and Guarantees for SWIFTStandards MT November 2006

4.

Field 52a: Issuing Bank
FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address)

PRESENCE Conditional (C3) DEFINITION This field is used to identify the issuing bank, when different from the Sender of the message. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address, either connected or non-connected (Error code(s): T27, T28, T29, T45). The BIC must not be a BEI. Please refer to the latest version of the BIC Directory - Corporations for more information about BEIs. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs, non-SWIFT BICs, Masters, Synonyms, Live destinations and Test & Training destinations. (Error code(s): C05). 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.

5.

Field 31C: Date of Issue
FORMAT Option C PRESENCE Optional DEFINITION This field specifies the date of the original issue of the documentary credit, ie, the date on which the issuing bank considers the credit as being issued. NETWORK VALIDATED RULES Date must contain a valid date expressed as YYMMDD (Error code(s): T50). 6!n (Date)

6.

Field 30: Date of Amendment
FORMAT 6!n PRESENCE Optional DEFINITION This field specifies the date on which the issuing bank considers the credit as being amended. NETWORK VALIDATED RULES Date must contain a valid date expressed as YYMMDD (Error code(s): T50). (Date)

46

Message Reference Guide

MT 707

USAGE RULES The absence of this field implies that the date of amendment of the documentary credit is the date on which this MT 707 was sent.

7.

Field 26E: Number of Amendment
FORMAT Option E PRESENCE Optional DEFINITION This field specifies the number which identifies this amendment. 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. 2n (Number)

8.

Field 59: Beneficiary (before this amendment)
FORMAT [/34x] 4*35x PRESENCE Mandatory DEFINITION This field specifies the party in favour of which the documentary credit was issued, or transferred, prior to this amendment. USAGE RULES It is used to assist the recipient in identifying the credit. The presence of this field should not be interpreted to imply that the beneficiary is being changed. If the name of the beneficiary is being amended by this message, this must be specified in field 79, along with the relevant details, eg, the name and address of the new beneficiary. (Account) (Name & Address)

9.

Field 31E: New Date of Expiry
FORMAT Option E PRESENCE Conditional (C6) DEFINITION This field specifies the new, ie, revised, expiry date for presentation under the documentary credit. NETWORK VALIDATED RULES Date must contain a valid date expressed as YYMMDD (Error code(s): T50). 6!n (Date)

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47

Category 7 - Documentary Credits and Guarantees for SWIFTStandards MT November 2006

10.

Field 32B: Increase of Documentary Credit Amount
FORMAT Option B PRESENCE Conditional (C2 and C6) DEFINITION This field contains the currency and amount of an increase in the documentary credit amount. 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). Currency in fields 32B, 33B, and 34B must be the same (Error code(s): C02). USAGE RULES The currency of any increase in the credit amount must be in the same currency as that of the original credit amount. 3!a15d (Currency) (Amount)

11.

Field 33B: Decrease of Documentary Credit Amount
FORMAT Option B PRESENCE Conditional (C2 and C6) DEFINITION This field contains the currency code and amount of a decrease in the documentary credit amount. 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). Currency in fields 32B, 33B, and 34B must be the same (Error code(s): C02). USAGE RULES The currency of any decrease in the credit amount must be in the same currency as that of the original credit amount. 3!a15d (Currency) (Amount)

12.

Field 34B: New Documentary Credit Amount After Amendment
FORMAT Option B PRESENCE Conditional (C1 and C6) 3!a15d (Currency) (Amount)

48

Message Reference Guide

The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. T43). Tolerance 2 specifies a negative tolerance. USAGE RULES Tolerance 1 specifies a positive tolerance. 4*35x (Narrative) 11 September 2006 49 . and 34B must be the same (Error code(s): C02). Field 39C: Additional Amounts Covered FORMAT Option C PRESENCE Conditional (C6) DEFINITION This field specifies amendments to any additional amounts covered. CODES The following code must be used (Error code(s): T01): NOT EXCEEDING Qualifies the documentary credit amount. this field specifies the new tolerance relative to the documentary credit amount as a percentage plus and/or minus that amount. The decimal comma '. Currency in fields 32B.' is mandatory and is included in the maximum length. The integer part of Amount must contain at least one digit. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52).MT 707 DEFINITION This field contains the currency code and total amount of the documentary credit after the amendment. 2n/2n (Tolerance 1) (Tolerance 2) 14. Field 39B: Maximum Credit Amount FORMAT Option B PRESENCE Conditional (C4 and C6) DEFINITION This field specifies the amended qualification of the documentary credit amount. freight. 33B. Field 39A: Percentage Credit Amount Tolerance FORMAT Option A PRESENCE Conditional (C4 and C6) DEFINITION When the credit amount tolerance is being amended. interest. etc. 13x (Code) 15. such as insurance. disregarding any drawings. T40. 13.

/Place of Delivery FORMAT Option B PRESENCE Conditional (C6) DEFINITION This field specifies amendments to the final destination or place of delivery to be indicated on the transport document. Field 44F: Port of Discharge/Airport of Destination FORMAT Option F PRESENCE Conditional (C6) DEFINITION This field specifies amendments to the port of discharge or airport of destination to be indicated on the transport document. 1*65x (Narrative) 19. Field 44B: Place of Final Destination/For Transportation to. the place of dispatch or the place of shipment to be indicated on the transport document. 1*65x (Narrative) 17. Field 44E: Port of Loading/Airport of Departure FORMAT Option E PRESENCE Conditional (C6) DEFINITION This field specifies amendments to the port of loading or airport of departure to be indicated on the transport document. 1*65x (Narrative) 50 Message Reference Guide . Field 44A: Place of Taking in Charge/Dispatch from. 1*65x (Narrative) 18.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 16. the place of receipt (in case of a road./Place of Receipt FORMAT Option A PRESENCE Conditional (C6) DEFINITION This field specifies amendments to the place of taking in charge (in case of a multimodal transport document)...Category 7 . rail or inland waterway transport document or a courier or expedited delivery service document)...

In case the name of the beneficiary is being amended by this message. Field 44C: Latest Date of Shipment FORMAT Option C PRESENCE Conditional (C5 and C6) DEFINITION This field specifies amendments to the latest date for loading on board/dispatch/taking in charge. The new name and address of the beneficiary applies wherever the original name and address of the beneficiary appeared in the original credit. the new name and address of the beneficiary should be explicitly indicated in this field. banking or calendar. CODES The following code may be used: CANCEL The documentary credit is cancelled for the unutilized portion. Field 79: Narrative FORMAT 35*50x PRESENCE Conditional (C6) DEFINITION This field specifies amendments to the documentary credit for which there is no other specific field. Field 44D: Shipment Period FORMAT Option D PRESENCE Conditional (C5 and C6) DEFINITION This field specifies amendments to the period of time during which the goods are to be loaded on board/despatched/taken in charge. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). 6*65x (Narrative) 22. When an MT 707 is used to convey only brief details which are not intended to form part of the operative instrument.MT 707 20. (Narrative) USAGE RULES This field must be used when specifying changes in currency and/or increases or decreases in a currency different from the basic currency. The number and type. This field should also be used to indicate if pre-notification of a reimbursement claim or pre-debit notification to the issuing bank is required. ie. 6!n (Date) 21. this field must contain the phrase DETAILS TO FOLLOW. of days within which the issuing bank has to be notified is also to be indicated. 11 September 2006 51 .

Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. imports computer and electrical parts from Proquinal S. USAGE RULES Any code must be between slashes and must appear at the beginning of a line. Proquinal S. under a documentary credit.A.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 23.A. Solvia AB banks with Skandinaviska Enskilda Banken. Stockholm. Please advise/contact beneficiary by phone. Narrative text must not begin with a slash and. Brussels. 48 rue de la Bourse. The documentary credit is in US dollars. Sweden. CODES One or more of the following codes may be used: BENCON PHONBEN TELEBEN The Receiver is requested to advise the beneficiary's acceptance or nonacceptance of the terms and conditions contained in the amendment. Upsala. Please advise the beneficiary by the most efficient means of telecommunication. The following information comprises the documentary credit: 52 Message Reference Guide .. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Conditional (C6) DEFINITION This field specifies additional information for the Receiver. issued on 17 May 2003. if used. MT 707 Examples Example 1 Issue of a Documentary Credit Narrative Solvia AB. Brussels. banks with Generale Bank. PO Box 123.Category 7 . must begin on a new line and be the last information in the field.

IMP 3410/3444 30 July 2003 Brussels US Dollars 31.gr.5 mb-p + 2. 120 char. covering all risks and war risks and srcc as per institute cargo clauses. 2291 w-2 . 12” crt (64 x 16) u/l keyboard with single minidiskette with controller ap 101 additional minidiskette drive 2291 w-2 gr.500 Advising Bank by acceptance of Beneficiary's draft drawn at 30 days after bill of lading date on Generale Bank Shipment of: 1 1 1 2 1 1 1 1 1 memory rom 1 power regulator 1 rom t-loading 1 power supply regulator 1 coss interface 1 ribbon assy 2 hub lamp assy 1 air filter cif Stockholm 2209 b-4. printer.5 mb-r disk drive 210-6298 210-0341 210-6705 210-6756 210-7068 279-0181 726-1021 726-0414 Documents Required/Special Conditions: • • • • • Signed Commercial Invoice in Sevenfold 2/3 clean on board ocean bills of lading marked freight prepaid consigned to the order of beneficiaries and endorsed in blank. dated not later than 21 July 2003 copy certificate of origin showing goods of Belgian origin copy consular invoice mentioning import registration number 123 1/2 insurance policy for 110 percent of invoice value. including warehouse to warehouse clause 11 September 2006 53 .sec. 12 pitch 132 char per line 2209 b-4 cpu 16k memory 6 i/o slots 2229 b-cr 12” crt (64 x 16) u/l keyboard console with contr. marked notify applicant with full name and address. line printer 2269d 1/2. 2. cpu 16k memory 6 i/o slots 177-2200-74 2219 b-gr.MT 707 Type of Credit: Documentary credit Number: Expiry Date: Place of Expiry: Amount: Available With: IRREVOCABLE DC.

Category 7 - Documentary Credits and Guarantees for SWIFTStandards MT November 2006

• • • • • • • •

packing list in 4 copies copy of airmail letter addressed to the applicant showing that one original of all documents have been sent directly to them within three days after bill of lading date the certificate of origin may also indicate that goods are of EEC origin instead of Belgian origin drafts are to be marked as drawn under this documentary credit documents must be presented within 10 days after bill of lading date please advise beneficiaries adding your confirmation all documents must be forwarded to us in one lot all charges are for account of the beneficiary except commission related to the acceptance of the draft

Shipment is from Antwerp to Stockholm. At maturity of the draft, reimbursement is to be claimed at Manufacturers Hanover Trust Company, New York. Transhipment and partial shipments are not allowed. The credit is subject to ICC UCP 500. Skandinaviska Enskilda Banken issues the documentary credit, sending an MT 700/701 to Generale Bank, Brussels, the advising bank. (To review the MT 740 and MT 747 related to this documentary credit, see MT 740 Authorisation to Reimburse and MT 747 Amendment to Authorisation to Reimburse.) Information Flow

Applicant 50

Solvia AB Upsala

Sender (Issuing Bank)

Skandinaviska Enskilda Banken, Stockholm

Reimbursement Bank

53a MT 700/701

Manufacturers Hanover Trust Company New York

Receiver (Advising Bank)

Generale Bank Brussels

Beneficiary 59

SWIFT Message Message A MT 700

54

D0070003

Proquinal SA Brussels

Message Reference Guide

MT 707

Note: The number of characters in the following messages does not exceed the maximum input message length. Three messages are used to illustrate the use of the fields of the MT 700/701.

Explanation Sender Message Type Receiver Message Text Seq. of Total Form of D/C D/C Number Expiry Date Applicant :27:1/3 ESSESESS 700 GEBABEBB

Format

:40A:IRREVOCABLE :20:DC.IMP 3410/3444 :31D:030730BRUSSELS :50:SOLVIA AB PO BOX 123 UPSALA, SWEDEN :59:PROQUINAL S.A. 48 RUE DE LA BOURSE BRUSSELS :32B:USD31500, :41A:GEBABEBB BY ACCEPTANCE :42C:30 DYS AFTER BLADING :42A:GEBABEBB36A :43P:NOT ALLOWED :43T:NOT ALLOWED :44A:ANTWERP :44B:STOCKHOLM :47A:+THE CERTIFICATE OF ORIGIN MAY ALSO INDICATE THAT GOODS ARE OF EEC ORIGIN INSTEAD OF BELGIAN ORIGIN +DRAFTS ARE TO BE MARKED AS DRAWN UNDER THIS DOCUMENTARY CREDIT :71B:ALL CHARGES FOR THE BENEFICIARY'S ACCOUNT EXCEPT COMMISSION RELATED TO THE ACCEPTANCE OF THE DRAFT :48:DOCUMENTS MUST BE PRESENTED WITHIN 10 DAYS AFTER BILL OF LADING DATE :49:CONFIRM

Beneficiary

Curr/Amount Available With… By … Drafts at… Drawn on… Partial Shipment Transhipment Loading… Transport… Additional Conditions

Charges

Period for Presentation

Confirm Inst.

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55

Category 7 - Documentary Credits and Guarantees for SWIFTStandards MT November 2006

Explanation Reimbursement Instructions End of Message Text/Trailer :53A:MAHAUS33

Format

:78:ALL DOCUMENTS MUST BE FORWARDED TO US IN ONE LOT

Message B MT 701
Explanation Sender Message Type Receiver Message Text Seq. of Total D/C Number Description of Goods :27:2/3 :20:DC.IMP 3410/3444 :45B:+1 2209 B-4,CPU 16K MEMORY 6 I/O SLOTS 177-2200-74 +1 2219 B-GR, 12 IN CRT (64 X 16) U/L KEYBOARD WITH SINGLE MINIDISKETTE WITH CONTROLLER +1 AP 101 ADDITIONAL MINIDISKETTE DRIVE +2 2291 W-2 GR, 120 CHAR.SEC. PRINTER, 12 PITCH 132 CHAR PER LINE +1 2209 B-4 CPU 16K MEMORY 6 I/O SLOTS +1 2229 B-CR 12 IN CRT (64 X 16) U/L KEYBOARD CON-SOLE WITH CONTR +1 2291 W-2 - GR. LINE PRINTER +1 2269D 1/2, 2,5 MB-P + 2,5 MB-R DISKDRIVE +1 MEMORY ROM 210-6298 +1 POWER REGULATOR 210-0341 +1 ROM T-LOADING 210-6705 +1 POWER SUPPLY REGULATOR 210-6756 +1 COSS INTERFACE 210-7068 +1 RIBBON ASSY 279-0181 +2 HUB LAMP ASSY 726-1021 +1 AIR FILTER 726-0414 +CIF STOCKHOLM ESSESESS 701 GEBABEBB Format

End of Message Text/Trailer

Message C MT 701

56

Message Reference Guide

MT 707

Explanation Sender Message Type Receiver Message Text Seq. of Total D/C Number Documents Required :27:3/3 ESSESESS 701 GEBABEBB

Format

:20:DC.IMP 3410/3444 :46B:+SIGNED COMMERCIAL INVOICE IN SEVENFOLD +2/3 CLEAN ON BOARD OCEAN BILLS OF LADING MARKED FREIGHT PREPAID CONSIGNED TO THE ORDER OF BENEFICIARY'S AND ENDORSED IN BLANK, MARKED NOTIFY APPLICANT WITH FULL NAME AND ADDRESS, DATED NOT LATER THAN 21 JULY 2003 +COPY CERTIFICATE OF ORIGIN SHOWING GOODS OF BELGIAN ORIGIN +COPY CONSULAR INVOICE MENTIONING IMPORT REGISTRATION NUMBER 123 +1/2 INSURANCE POLICY FOR 110 PERCENT OF INVOICE VALUE, COVERING ALL RISKS AND WAR RISKS AND SRCC AS PER INSTITUTE CARGO CLAUSES, INCLUDING WAREHOUSE TO WAREHOUSE CLAUSE +PACKING LIST IN 4 COPIES +COPY OF AIRMAIL LETTER ADDRESSED TO THE APPLICANT SHOWING THAT ONE ORIGINAL OF ALL DOCUMENTS HAVE BEEN SENT DIRECTLY TO THEM WITHIN THREE DAYS AFTER BILL OF LADING DATE

End of Message Text/Trailer

Example 2 Amendment to a Documentary Credit
Narrative On 21 May 2003, Skandinaviska Enskilda Banken subsequently notifies Generale Bank of the following changes to the terms and conditions of the documentary credit issued on 17 May 2003: • • The expiry date of the credit has been extended to 30 September 2003. The amount of the credit has been increased by USD 3,250 to USD 34,750.

11 September 2006

57

Information Flow Sender (Issuing Bank) Skandinaviska Enskilda Banken.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 • The bill of lading is to be issued not later than 20 September 2003.A. Stockholm MT 707 Receiver (Advising Bank) Generale Bank Brussels Beneficiary 59 SWIFT Message Explanation Sender Message Type Receiver Message Text Sender's Reference Receiver's Reference Date of Issue Date of Amendment Number of Amendment Beneficiary ESSESESS 707 GEBABEBB Format :20:DC. 48 RUE DE LA BOURSE BRUSSELS :31E:030930 :32B:USD3250. New Date of Expiry Increase of D/C 58 D0070004 Proquinal SA Brussels Message Reference Guide .IMP 3410/3444 :21:NONREF :31C:030517 :30:030521 :26E:01 :59:PROQUINAL S.Category 7 .

Format :79:BILLS OF LADING TO BE ISSUED NOT LATER THAN 20 SEPTEMBER 2003 11 September 2006 59 .MT 707 Explanation New D/C Amount Narrative End of Message Text/Trailer :34B:USD34750.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 42M Mixed Payment Details 42P Deferred Payment Details 60 Message Reference Guide .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit MT 710 Scope This message is sent by an advising bank. MT 710 Format Specifications MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit Status M M M M O M M M O O O M M M O O O M O O O O Tag 27 40B 20 21 23 31C 40E 31D 52a 50B 51a 50 59 32B 39A 39B 39C 41a 42C 42a Sequence of Total Form of Documentary Credit Sender's Reference Documentary Credit Number Reference to Pre-Advice Date of Issue Applicable Rules Date and Place of Expiry Issuing Bank Non-Bank Issuer Applicant Bank Applicant Beneficiary Currency Code.Category 7 . which has received a documentary credit from the issuing bank or the non-bank issuer. to the bank advising the beneficiary or another advising bank. Amount Percentage Credit Amount Tolerance Maximum Credit Amount Additional Amounts Covered Available With… By… Drafts at … Drawee Field Name 1!n/1!n 2*24x 16x 16x 16x 6!n 30x[/35x] 6!n29x A or D 4*35x A or D 4*35x [/34x] 4*35x 3!a15d 2n/2n 13x 4*35x A or D 3*35x A or D 4*35x 4*35x Content/Options No. It is used to advise the Receiver about the terms and conditions of a documentary credit.

When used. or field 42M alone. but not both./Place of Delivery Latest Date of Shipment Shipment Period Description of Goods and/or Services Documents Required Additional Conditions Charges Period for Presentation Confirmation Instructions Reimbursing Bank 100*65x 100*65x 100*65x 6*35x 4*35x 7!x A or D Instructions to the Paying/Accepting/Negotiating Bank 12*65x 'Advise Through' Bank Sender to Receiver Information M = Mandatory O = Optional A. may be present (Error code(s): D05). 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Place of Taking in Charge/Dispatch from. fields 42C and 42a must both be present (Error code(s): C90). 11 September 2006 61 . must be present (Error code(s): C06). additional documentary credit information should be transmitted via one or more MT 711s./Place of Receipt Port of Loading/Airport of Departure Port of Discharge/Airport of Destination Place of Final Destination/For Transportation to. Either fields 42C and 42a together.MT 710 Status O O O O O O O O O O O O O M O O O O Tag 43P 43T 44A 44E 44F 44B 44C 44D 45A 46A 47A 71B 48 49 53a 78 57a 72 Partial Shipments Transhipment Field Name 1*35x 1*35x 1*65x 1*65x 1*65x 1*65x 6!n 6*65x Content/Options No.. No other combination of these fields is allowed (Error code(s): C90).. Either field 52a "Issuing Bank" or field 50B "Non-Bank Issuer". may be present (Error code(s): D06). or field 42P alone may be present. but not both. Up to three MT 711s may be sent in addition to the MT 710. Either field 44C or 44D.. MT 710 Usage Rules • When the documentary credit message exceeds the maximum input message length. but not both. B or D 6*35x MT 710 Network Validated Rules C1 C2 C3 C4 C5 Either field 39A or 39B..

Category 7 . it must add sentences to the effect that: The advice to the beneficiary must be presented at each negotiation. The negotiating bank must note each negotiation on that advice. and the total number of messages in the series. The standby letter of credit is irrevocable and transferable. a documentary credit advised to the beneficiary or another advising bank based on a SWIFT message constitutes an operative credit instrument. For freely negotiable documentary credits. MT 710 Field Specifications 1. if the Receiver does not further transmit the credit by another MT 710. If this message is used to advise a non-bank issued documentary credit. The standby letter of credit is revocable. yourselves. banks are to use Bank Identifier Codes rather than expressions such as ourselves. including all its details. • • • To avoid misunderstandings. Field 27: Sequence of Total FORMAT 1!n/1!n PRESENCE Mandatory DEFINITION This field specifies the number of this message in the series of messages sent for a documentary credit. field 50B must be present. (Number) (Total) 2. IRREVOCABLE TRANSFERABLE The documentary credit is irrevocable and transferable. 62 Message Reference Guide . Field 40B: Form of Documentary Credit FORMAT Option B 24x 24x (Type) (Code) PRESENCE Mandatory DEFINITION This field specifies the type of credit and whether or not the Sender is adding its confirmation to the credit. The advising bank must advise a documentary credit. us. The documentary credit is revocable. The documentary credit is revocable and transferable. CODES Type must contain one of the following codes (Error code(s): T64): IRREVOCABLE REVOCABLE REVOCABLE TRANSFERABLE IRREVOCABLE STANDBY REVOCABLE STANDBY IRREVOC TRANS STANDBY The documentary credit is irrevocable. The standby letter of credit is irrevocable. where possible. or you.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 • • Unless otherwise specified. in a way that is clear and unambiguous to the beneficiary.

5. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26).MT 710 CODES Code must contain one of the following codes (Error code(s): T66): ADDING OUR CONFIRMATION The Sender is adding its confirmation to the credit. 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. by date. 3. WITHOUT OUR CONFIRMATION The Sender is not adding its confirmation to the credit. eg. 11 September 2006 63 . Field 23: Reference to Pre-Advice FORMAT 16x PRESENCE Optional DEFINITION This field specifies if the documentary credit has been pre-advised. USAGE RULES This field must contain the code PREADV followed by a slash '/' and a reference to the pre-advice. Field 21: Documentary Credit Number FORMAT 16x PRESENCE Mandatory 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 '//' (Error code(s): T26). Field 20: Sender's Reference FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the reference number which the Sender has assigned to the documentary credit. 4.

International Chamber of Commerce. which is in effect on the date of issue. which is in effect on the date of issue. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). which are in effect on the date of issue. The credit is subject to any other rules. Paris. International Chamber of Commerce. Field 40E: Applicable Rules FORMAT Option E PRESENCE Mandatory DEFINITION This field specifies the rules the credit is subject to. The documentary credit is subject to the version of the Supplement of the ICC Uniform Customs and Practice for Documentary Credits for Electronic Presentations and the version of the Uniform Rules for Bank-to-Bank Reimbursements. Paris. The documentary credit is subject to the version of the ICC Uniform Customs and Practice for Documentary Credits and the version of the Uniform Rules for Bank-to-Bank Reimbursements under documentary credits. France. Paris. 30x[/35x] (Applicable Rules) (Narrative) EUCPURR LATEST VERSION ISP LATEST VERSION OTHR UCP LATEST VERSION UCPURR LATEST VERSION 64 Message Reference Guide . CODES One of the following codes must be used (Error code(s): T59) EUCP LATEST VERSION The documentary credit is subject to the version of the Supplement of the ICC Uniform Customs and Practice for Documentary Credits for Electronic Presentations. The standby letter of credit is subject to the version of the ICC International Standby Practices. Field 31C: Date of Issue FORMAT Option C PRESENCE Mandatory DEFINITION This field specifies the date on which the issuing bank considers the documentary credit as being issued. France. Paris. France. International Chamber of Commerce. France. France. which are in effect on the date of issue. Paris. which is in effect on the date of issue. 6!n (Date) 7.Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 6. International Chamber of Commerce. the date of issue is the date on which the MT 700/701 was sent. The documentary credit is subject to the version of the ICC Uniform Customs and Practice for Documentary Credits. International Chamber of Commerce. USAGE RULES If this field was not present in the MT 700/701 Issue of a Documentary Credit.

T29. either connected or non-connected (Error code(s): T27. Please refer to the latest version of the BIC Directory . Field 52a: Issuing Bank FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Conditional (C5) DEFINITION This field specifies the issuing bank of the credit. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. non-SWIFT BICs. 8.Corporations for more information about BEIs. 10. (Error code(s): C05). ie. Field 31D: Date and Place of Expiry FORMAT Option D PRESENCE Mandatory DEFINITION This field specifies the latest date for presentation under the documentary credit and the place where documents must be presented. is only allowed when subfield 1 of this field consists of OTHR (Error code(s): D81). "/"35x. Live destinations and Test & Training destinations. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). Field 50B: Non-Bank Issuer FORMAT Option B PRESENCE Conditional (C5) DEFINITION This field specifies the non-bank issuer of the credit. 4*35x (Name & Address) 11 September 2006 65 . Synonyms.MT 710 NETWORK VALIDATED RULES Subfield 2 of field 40E. T45). The BIC must not be a BEI. T28. 6!n29x (Date) (Place) 9. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. Masters.

Field 59: Beneficiary FORMAT [/34x] 4*35x PRESENCE Mandatory DEFINITION This field specifies the party in favour of which the documentary credit has been issued. either connected or non-connected (Error code(s): T27. if different from the issuing bank.Category 7 . (Name & Address) 13. Field 51a: Applicant Bank FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION This field specifies the bank of the applicant customer. T29. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. Amount FORMAT Option B PRESENCE Mandatory 3!a15d (Currency) (Amount) 66 Message Reference Guide . This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. Field 50: Applicant FORMAT 4*35x PRESENCE Mandatory DEFINITION This field specifies the party on behalf of which the documentary credit has been issued. 12. Field 32B: Currency Code. Please refer to the latest version of the BIC Directory . T45). (Error code(s): C05).Corporations for more information about BEIs.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 11. The BIC must not be a BEI. non-SWIFT BICs. Synonyms. T28. Live destinations and Test & Training destinations. (Account) (Name & Address) 14. Masters.

Tolerance 2 specifies a negative tolerance. Field 39A: Percentage Credit Amount Tolerance FORMAT Option A PRESENCE Conditional (C1) DEFINITION This field specifies the tolerance relative to the documentary credit amount as a percentage plus and/or minus that amount.' is mandatory and is included in the maximum length. etc. The integer part of Amount must contain at least one digit. freight. USAGE RULES Tolerance 1 specifies a positive tolerance. 13x (Code) 17. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. 4*35x (Narrative) 11 September 2006 67 . The decimal comma '. interest. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). Field 39B: Maximum Credit Amount FORMAT Option B PRESENCE Conditional (C1) DEFINITION This field further qualifies the documentary credit amount. T43). 15. 2n/2n (Tolerance 1) (Tolerance 2) 16. Field 39C: Additional Amounts Covered FORMAT Option C PRESENCE Optional DEFINITION This field specifies any additional amounts covered such as insurance. CODES The following code must be used (Error code(s): T01): NOT EXCEEDING Qualifies the documentary credit amount. USAGE RULES Special information relative to the amount of the credit must be specified in field 39B Maximum Credit Amount.MT 710 DEFINITION This field contains the currency code and amount of the documentary credit. T40.

Documentary Credits and Guarantees for SWIFTStandards MT November 2006 18. T29. When Code contains BY PAYMENT. (Error code(s): C05). If the credit is to be freely negotiable by any bank anywhere in the world. T45). When Code contains either BY DEF PAYMENT or BY MIXED PYMT. 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 the credit is to be freely negotiable by any bank. Masters. option D must be used with the phrase Any bank in … (city or country). negotiate or incur a deferred payment undertaking for the credit. the specific details of the payment terms must be specified in fields 42P and 42M respectively. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. Synonyms. If presentation of only electronic records is allowed. The BIC must not be a BEI. the electronic address to which presentation must be made) must be specified in field 47A and not in this field. Please refer to the latest version of the BIC Directory . and an indication of how the credit is available.Category 7 . 68 Message Reference Guide . the place for presentation of the electronic records (ie. an indication of country is not required. either connected or non-connected (Error code(s): T27. the place for presentation of the electronic records (ie. Live destinations and Test & Training destinations. this should be understood to mean payment at sight. USAGE RULES For credits subject to eUCP: • If presentation of both electronic records and paper documents is allowed. Field 41a: Available With … By … FORMAT Option A Option D 4!a2!a2!c[3!c] 14x 4*35x 14x (BIC) (Code) (Name & Address) (Code) PRESENCE Mandatory DEFINITION This field identifies the bank authorised to pay. non-SWIFT BICs. accept.Corporations for more information about BEIs. CODES Code must contain one of the following codes (Error code(s): T68): BY ACCEPTANCE BY DEF PAYMENT BY MIXED PYMT BY NEGOTIATION BY PAYMENT NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. T28.

Live destinations and Test & Training destinations. amounts and/or method for their determination in a documentary credit which is available by mixed payment. USAGE RULES The drawee must be a bank. Masters.(Error code(s): C05). either connected or non-connected (Error code(s): T27. T29. The Party Identifier must not be present. T45).Corporations for more information about BEIs. If drafts on the applicant are required. T28. 4*35x (Narrative) 11 September 2006 69 . Field 42a: Drawee FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Conditional (C2 and C3) DEFINITION This field identifies the drawee of the drafts to be drawn under the documentary credit. non-SWIFT BICs. Field 42M: Mixed Payment Details FORMAT Option M PRESENCE Conditional (C3) DEFINITION This field specifies the payment dates. they are to be listed as documents in field 46A. The BIC must not be a BEI. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. 3*35x (Narrative) 20. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. Field 42C: Drafts at… FORMAT Option C PRESENCE Conditional (C2 and C3) DEFINITION This field specifies the tenor of drafts to be drawn under the documentary credit. Synonyms.MT 710 19. Please refer to the latest version of the BIC Directory . 21.

1*65x (Narrative) 26. rail or inland waterway transport document or a courier or expedited delivery service document). Field 43T: Transhipment FORMAT Option T PRESENCE Optional DEFINITION This field specifies whether or not transhipment is allowed under the documentary credit. Field 44A: Place of Taking in Charge/Dispatch from. 1*35x (Narrative) 24. 4*35x (Narrative) 23.Category 7 .. Field 44E: Port of Loading/Airport of Departure FORMAT Option E PRESENCE Optional 1*65x (Narrative) 70 Message Reference Guide .. Field 42P: Deferred Payment Details FORMAT Option P PRESENCE Conditional (C3) DEFINITION This field specifies the payment date or method for its determination in a documentary credit which is available by deferred payment only. the place of receipt (in case of a road./Place of Receipt FORMAT Option A PRESENCE Optional DEFINITION This field specifies the place of taking in charge (in case of a multimodal transport document). 1*35x (Narrative) 25. the place of dispatch or the place of shipment to be indicated on the transport document.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 22. Field 43P: Partial Shipments FORMAT Option P PRESENCE Optional DEFINITION This field specifies whether or not partial shipments are allowed under the documentary credit.

Field 44D: Shipment Period FORMAT Option D PRESENCE Conditional (C4) DEFINITION This field specifies the period of time during which the goods are to be loaded on board/despatched/taken in charge.. 1*65x (Narrative) 28. 6!n (Date) 30. Field 44C: Latest Date of Shipment FORMAT Option C PRESENCE Conditional (C4) DEFINITION This field specifies the latest date for loading on board/dispatch/taking in charge. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50)./Place of Delivery FORMAT Option B PRESENCE Optional DEFINITION This field specifies the final destination or place of delivery to be indicated on the transport document.MT 710 DEFINITION This field specifies the port of loading or airport of departure to be indicated on the transport document. 1*65x (Narrative) 29. 27. Field 44F: Port of Discharge/Airport of Destination FORMAT Option F PRESENCE Optional DEFINITION This field specifies the port of discharge or airport of destination to be indicated on the transport document.. Field 44B: Place of Final Destination/For Transportation to. 6*65x (Narrative) 11 September 2006 71 .

For credits subject to eUCP. the format in which electronic records are to be presented must be specified in this field. MT 710 contains field 45A. the second MT 711 contains field 47B. MT 710 does not contain fields 45A. 46A. there is a limit of 100 lines of 65 characters to specify the description of goods and/or services. This means that in any documentary credit. the second MT 711 contains field 46B. Field 45A: Description of Goods and/or Services FORMAT Option A PRESENCE Optional DEFINITION This field contains a description of the goods and/or services. up to three MT 711s may be sent in addition to an MT 710. the first MT 711 contains field 45B. the first MT 711 contains field 45B. the second MT 711 contains fields 45B. MT 710 contains field 45A. the third MT 711 contains field 47B. the first MT 711 contains field 45B. Field 46A: Documents Required FORMAT Option A PRESENCE Optional DEFINITION This field contains a description of any documents required. ie. USAGE RULES Terms such as FOB.Category 7 . CIF. should be specified in this field. 100*65x (Narrative) 72 Message Reference Guide . However. either in the MT 710 or in one MT 711. Some examples of valid combinations: • • • • • MT 710 contains field 45A. 100*65x (Narrative) Some examples of invalid combinations: • • MT 710 contains field 45A. it is to be specified with the relative document in this field. The specification of each new item should begin on a new line. field 45a may appear in only one message. the second MT 711 contains field 47B (INVALID because there are two fields 45a). MT 710 contains field 46A. 46B and 47B (INVALID because there are three fields 45a). the subsequent MT 711 contains fields 46B and 47B. 46A or 47A. preceded by the sign '+'. 32. etc. MT 710 contains field 46A. the first MT 711 contains fields 45B and 46B. and 47A. USAGE RULES When the ultimate date of issue of a transport document is specified.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 31. the subsequent MT 711 contains fields 45B and 47B. To cater for lengthy documentary credits.

the first MT 711 contains fields 45B and 46B. However. ie. the subsequent MT 711 contains fields 45B and 46B. the first MT 711 contains field 45B. Some examples of valid combinations: • • • • • MT 710 contains field 45A. 100*65x (Narrative) Some examples of invalid combinations: 11 September 2006 73 . and 47A. 33. This means that in any documentary credit. there is a limit of 100 lines of 65 characters to specify the additional conditions. 46A or 47A. Some examples of valid combinations: • • • • • MT 710 contains field 45A. MT 710 contains field 46A. up to three MT 711s may be sent in addition to an MT 710. 46A or 47A. the second MT 711 contains fields 45B. the first MT 711 contains field 45B. MT 710 contains field 46A.MT 710 To cater for lengthy documentary credits. the second MT 711 contains field 47B (INVALID because there are two fields 46a). the first MT 711 contains field 45B. and 47A. the first MT 711 contains field 46B. To cater for lengthy documentary credits. the second MT 711 contains field 46B. MT 710 contains field 46A. the second MT 711 contains field 47B. 46A. ie. field 47a may appear in only one message. field 46a may appear in only one message. MT 710 contains field 47A. 46A. the third MT 711 contains field 47B. the third MT 711 contains field 47B. MT 710 contains field 45A. Some examples of invalid combinations: • • MT 710 contains field 46A. either in the MT 710 or in one MT 711. the subsequent MT 711 contains fields 45B and 47B. MT 710 contains field 46A. However. further details should be specified in this field. MT 710 contains field 46A. up to three MT 711s may be sent in addition to an MT 710. Field 47A: Additional Conditions FORMAT Option A PRESENCE Optional DEFINITION This field contains a description of further conditions of the documentary credit. the second MT 711 contains field 47B. USAGE RULES In case the documentary credit is subject to any rules for which no code words are provided in field 40E. there is a limit of 100 lines of 65 characters to specify the documents required. the second MT 711 contains field 46B. the subsequent MT 711 contains fields 45B and 47B. The specification of each new item should begin on a new line. 46B and 47B (INVALID because there are three fields 46a). MT 710 does not contain fields 45A. MT 710 does not contain fields 45A. either in the MT 710 or in one MT 711. the first MT 711 contains field 45B. preceded by the sign '+'. the subsequent MT 711 contains fields 46B and 47B. This means that in any documentary credit.

the latter should be replaced by "(UNDERSCORE)".COM should be shown as EUCP(AT)DRESDNER-BANK. the first MT 711 contains field 47B. MT 710 contains field 47A. 46B and 47B (INVALID because there are three fields 47a). If not already part of the original documentary credit. ie. the place for presentation of the electronic records (ie. If presentation of only electronic records is allowed. Examples: EUCP@DRESDNER-BANK. In case the electronic address contains the "@" sign. CODES One or more of the following codes may be used. Furthermore.0 • • • 34. the advising bank. preceded by the sign '+'. 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. the second MT 711 contains fields 45B.COM should be shown as EUCP(UNDERSCORE)RECS(AT)DRESDNER-BANK. must provide the beneficiary or another advising bank with the electronic address of the issuing bank. the latter should be replaced by "(AT)".Category 7 . EXAMPLE :47A:+NOT SUBJECT TO ICC UCP500 :47A:+SUBJECT TO ICC EUCP VERSION 1. Field 71B: Charges FORMAT Option B 6*35x (Narrative) In addition to narrative text. In case the electronic address contains the "_".COM EUCP_RECS@DRESDNER-BANK. the first MT 711 contains fields 45B and 46B.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 • • MT 710 contains field 47A. followed by the currency code and amount: /8a/[3!a13d][additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) 74 Message Reference Guide . the following line formats may be used: Line 1 Lines 2-6 PRESENCE Optional DEFINITION This field may be used only to specify charges to be borne by the beneficiary. the second MT 711 contains field 47B (INVALID because there are two fields 47a). the place for presentation of the electronic records (ie. Where applicable. the advising bank must provide the beneficiary or another advising bank with the electronic address where they wish the electronic records to be presented.COM The specification of each new item should begin on a new line. the receiver of the message. for credits subject to eUCP: • If presentation of both electronic records and paper documents is allowed. the electronic address to which presentation must be made) must be specified in this field.

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. must begin on a new line and be the last information in the field. if used. all charges. Field 49: Confirmation Instructions FORMAT 7!x PRESENCE Mandatory DEFINITION This field contains confirmation instructions for the Receiver. where applicable. are to be borne by the applicant. Field 48: Period for Presentation FORMAT 4*35x PRESENCE Optional DEFINITION This field specifies the period of time after the date of shipment within which the documents must be presented for payment. (Narrative) 36. USAGE RULES The period for presentation is expressed in number of days. CODES One of the following codes must be used (Error code(s): T67): (Instruction) 11 September 2006 75 . except negotiation and transfer charges.MT 710 AGENT COMM CORCOM DISC INSUR POST STAMP TELECHAR WAREHOUS Agent's commission Our commission Our correspondent's commission Commercial discount Insurance premium Our postage Stamp duty Teletransmission charges Wharfing and warehouse USAGE RULES In the absence of this field. acceptance or negotiation. The absence of this field means that the presentation period is 21 days. 35.

38. banking or calendar. When used to indicate pre-notification of a reimbursement claim or pre-debit notification to the issuing bank is required.Corporations for more information about BEIs. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. (Error code(s): C05). Field 78: Instructions to the Paying/Accepting/Negotiating Bank FORMAT 12*65x PRESENCE Optional DEFINITION This field specifies instructions to the paying. T29. EXAMPLE :78:NOT SUBJECT TO ICC URR525 (Narrative) 76 Message Reference Guide . Synonyms. non-SWIFT BICs. It may also indicate if prenotification of a reimbursement claim or pre-debit notification to the issuing bank is required. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address.Category 7 . T45). T28. the number and type. ie. The BIC must not be a BEI.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 CONFIRM MAY ADD WITHOUT The Receiver is requested to confirm the credit. accepting or negotiating bank. adherence to URR may be expressly indicated for those issuing banks who need to do so. The Receiver may add its confirmation to the credit. Masters. of days within which the issuing bank has to be notified should also be indicated. The Receiver is not requested to confirm the credit. USAGE RULES The absence of this field does not imply authority to debit the Sender. Please refer to the latest version of the BIC Directory . USAGE RULES Non-adherence to URR must be specified in this field. 37. either connected or non-connected (Error code(s): T27. Field 53a: Reimbursing Bank FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION This field specifies the name of the bank or branch of the Receiver which has been authorised by the issuing bank to reimburse drawings under the documentary credit. In addition to the provision made in the message scope. Live destinations and Test & Training destinations.

This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. either connected or non-connected (Error code(s): T27. 11 September 2006 77 . USAGE RULES Any code must be between slashes and must appear at the beginning of a line. T29. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address.MT 710 39. CODES One or more of the following codes may be used: PHONBEN TELEBEN Please advise/contact beneficiary by phone. Masters. T45). if different from the Receiver. The BIC must not be a BEI. through which the documentary credit is to be advised/confirmed to the beneficiary. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field specifies additional information for the Receiver.(Error code(s): C05).Corporations for more information about BEIs. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. T28. Please advise the beneficiary by the most efficient means of telecommunication. Please refer to the latest version of the BIC Directory . non-SWIFT BICs. Field 57a: 'Advise Through' Bank FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION This field identifies the bank. Live destinations and Test & Training destinations. Synonyms. 40.

through its correspondent in Amsterdam. if used. must begin on a new line and be the last information in the field. Amsterdam-Rotterdam Bank.Category 7 . number 12345. Amsterdam. MT 710 Examples Narrative ABC Company in Austria imports beer from Amdam Company in the Netherlands under a documentary credit.'s bank is Bank Mees en Hope. Vienna. Oesterreichische Laenderbank issues its documentary credit. Amdam Co.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Narrative text must not begin with a slash and.'s bank is Oesterreichische Laenderbank. (To review the terms and conditions of the documentary credit. Amsterdam.) Amsterdam-Rotterdam Bank advises the credit (reference 606487) through Bank Mees en Hope. Information Flow Applicant 50 ABC Company Vienna Issuing Bank 52a Österreichische Länderbank Vienna (MT 700) Sender (Advising Bank) Amsterdam-Rotterdam Bank Amsterdam MT 710 Receiver (Advising Bank) Bank Mees en Hope Amsterdam Beneficiary 59 78 D0070005 Amdam Company Amsterdam Message Reference Guide . ABC Co. see MT 700 Issue of a Documentary Credit.

:41A:AMRONL2A BY PAYMENT :43P:ALLOWED :43T:ALLOWED :44A:AMSTERDAM :44B:VIENNA :45A:+400.MT 710 SWIFT Message Explanation Sender Message Type Receiver Message Text Sequence of Total Form of Documentary Credit Sender's Reference Documentary Credit Number Reference to Pre-Advice Date of Issue (Original D/C) Date and Place of Expiry Issuing Bank Applicant :27:1/1 AMRONL2A 710 MEESNL2A Format :40B:IRREVOCABLE ADDING OUR CONFIRMATION :20:606487 :21:12345 :23:PREADV/030510 :31C:030517 :31D:030730AMSTERDAM :52A:OELBATWW :50:ABC COMPANY KAERNTNERSTRASSE 3 VIENNA :59:AMDAM COMPANY PO BOX 123 AMSTERDAM :32B:EUR100000.000 BOTTLES OF BEER +PACKED 12 TO AN EXPORT CARTON +FCA AMSTERDAM :46A:+SIGNED COMMERCIAL INVOICE IN QUINTUPLICATE +FORWARDING AGENTS CERTIFICATE OF RECEIPT SHOWING GOODS ADDRESSED TO THE APPLICANT Beneficiary Currency Code/Amount Available With…By… Partial Shipments Transhipment Taking in Charge… For Transportation to … Description of Goods Documents Required 11 September 2006 79 .

Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Explanation Period for Presentation Confirmation Instructions End of Message Text/Trailer Format :48:WITHIN 6 DAYS OF ISSUANCE OF FCR :49:WITHOUT 80 Message Reference Guide .Category 7 .

if the Receiver does not further transmit the credit by another MT 710. it must add sentences to the effect that: • The advice to the beneficiary must be presented at each negotiation. when the information in the documentary credit exceeds the maximum input message length of the MT 710. or you. to the bank advising the beneficiary or another advising bank. a documentary credit advised to the beneficiary or another advising bank based on a SWIFT message constitutes an operative credit instrument. Up to three MT 711s may be sent in addition to the MT 710. MT 711 Usage Rules • • Any rules the credit is subject to must be indicated in field 40E of the MT 710 this message relates to. This message is sent in addition to an MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit. additional documentary credit information should be transmitted via one or more MT 711s. 11 September 2006 81 . banks are to use Bank Identifier Codes rather than expressions such as ourselves. For freely negotiable documentary credits. us. where possible. MT 711 Format Specifications MT 711 Advice of a Third Bank's or a Non-Bank's Documentary Credit Status M M M O O O Tag 27 20 21 45B 46B 47B Sequence of Total Sender's Reference Documentary Credit Number Description of Goods and/or Services Documents Required Additional Conditions M = Mandatory O = Optional Field Name 1!n/1!n 16x 16x 100*65x 100*65x 100*65x Content/Options No. Unless otherwise specified. which has received a documentary credit from the issuing bank or the non-bank issuer. The negotiating bank must note each negotiation on that advice. It is used to advise the Receiver about the terms and conditions of a documentary credit. When the documentary credit message exceeds the maximum input message length. • • To avoid misunderstandings. yourselves.MT 711 MT 711 Advice of a Third Bank's or a Non-Bank's Documentary Credit MT 711 Scope This message is sent by an advising bank. 1 2 3 4 5 6 MT 711 Network Validated Rules There are no network validated rules for this message type.

Category 7 . 4. in a way that is clear and unambiguous to the beneficiary. MT 711 Field Specifications 1. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). Field 27: Sequence of Total FORMAT 1!n/1!n PRESENCE Mandatory DEFINITION This field specifies the number of this message in the series of messages sent for a documentary credit.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 • The advising bank must advise a documentary credit. including all its details. 3. Field 45B: Description of Goods and/or Services FORMAT Option B 100*65x (Narrative) 82 Message Reference Guide . Field 21: Documentary Credit Number FORMAT 16x PRESENCE Mandatory DEFINITION This field specifies the documentary credit number which has been assigned by the issuing bank. (Number) (Total) 2. Field 20: Sender's Reference FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the reference number which the Sender has assigned to the 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). and the total number of messages in the series.

However. the first MT 711 contains field 45B. up to three MT 711s may be sent in addition to an MT 710. This means that in any documentary credit. To cater for lengthy documentary credits. MT 710 contains field 45A. the subsequent MT 711 contains fields 46B and 47B. there is a limit of 100 lines of 65 characters to specify the description of goods and/or services. Some examples of invalid combinations: • • MT 710 contains field 45A. the second MT 711 contains field 47B. field 46a may appear in only one message. the first MT 711 contains fields 45B and 46B. For credits subject to eUCP. However.MT 711 PRESENCE Optional DEFINITION This field contains a description of the goods and/or services. MT 710 does not contain fields 45A. 46A or 47A. the third MT 711 contains field 47B. Some examples of valid combinations: • • • • MT 710 contains field 45A. it is to be specified with the relative document in this field. there is a limit of 100 lines of 65 characters to specify the documents required. This means that in any documentary credit. either in the MT 710 or in one MT 711. the second MT 711 contains field 46B. 46B and 47B (INVALID because there are three fields 45a). preceded by the sign '+'. etc. field 45a may appear in only one message. MT 710 contains field 46A. CIF. 5. the second MT 711 contains field 47B (INVALID because there are two fields 45a). USAGE RULES When the ultimate date of issue of a transport document is specified. The specification of each new item should begin on a new line. up to three MT 711s may be sent in addition to an MT 710. the first MT 711 contains field 45B. ie. To cater for lengthy documentary credits. the second MT 711 contains fields 45B. the subsequent MT 711 contains fields 45B and 47B. should be specified in this field. either in the MT 710 or in one MT 711. MT 710 contains field 46A. ie. the format in which electronic records are to be presented must be specified in this field. the first MT 711 contains field 45B. Some examples of valid combinations: 100*65x (Narrative) 11 September 2006 83 . USAGE RULES Terms such as FOB. Field 46B: Documents Required FORMAT Option B PRESENCE Optional DEFINITION This field contains a description of any documents required.

the second MT 711 contains field 46B. up to three MT 711s may be sent in addition to an MT 710. 46A or 47A. MT 710 contains field 46A. MT 710 contains field 46A.Category 7 . the first MT 711 contains fields 45B and 46B. 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. the subsequent MT 711 contains fields 46B and 47B. the second MT 711 contains field 46B. the second MT 711 contains fields 45B. MT 710 contains field 47A. 46B and 47B (INVALID because there are three fields 47a). This means that in any documentary credit. MT 710 contains field 46A. the first MT 711 contains field 47B. 6. However. the first MT 711 contains field 46B. there is a limit of 100 lines of 65 characters to specify the additional conditions. Where applicable. the first MT 711 contains field 45B. the second MT 711 contains fields 45B. the second MT 711 contains field 47B. the third MT 711 contains field 47B. the first MT 711 contains field 45B. MT 710 contains field 46A. field 47a may appear in only one message. USAGE RULES In case the documentary credit is subject to any rules for which no code words are provided in field 40E of the related MT 710. To cater for lengthy documentary credits. the first MT 711 contains fields 45B and 46B. the place for presentation of the electronic records (ie. the second MT 711 contains field 47B (INVALID because there are two fields 46a). 46A or 47A. the third MT 711 contains field 47B. 46B and 47B (INVALID because there are three fields 46a). the second MT 711 contains field 47B. for credits subject to eUCP: • If presentation of both electronic records and paper documents is allowed. the first MT 711 contains field 45B. the first MT 711 contains field 45B.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 • • • • MT 710 contains field 45A. ie. the subsequent MT 711 contains fields 45B and 46B. the subsequent MT 711 contains fields 45B and 47B. further details should be specified in this field. The specification of each new item should begin on a new line. preceded by the sign '+'. MT 710 does not contain fields 45A. MT 710 contains field 46A. the subsequent MT 711 contains fields 45B and 47B. Some examples of invalid combinations: • • MT 710 contains field 46A. either in the MT 710 or in one MT 711. 84 Message Reference Guide . Some examples of valid combinations: • • • • MT 710 contains field 47A. Field 47B: Additional Conditions FORMAT Option B PRESENCE Optional DEFINITION This field contains a description of further conditions of the documentary credit. the second MT 711 contains field 47B (INVALID because there are two fields 47a). 100*65x (Narrative) Some examples of invalid combinations: • • MT 710 contains field 47A. MT 710 does not contain fields 45A.

In case the electronic address contains the "@" sign.0 MT 711 Examples There are no examples for this message type. 11 September 2006 85 . the latter should be replaced by "(UNDERSCORE)". the electronic address to which presentation must be made) must be specified in this field.COM should be shown as EUCP(AT)DRESDNER-BANK.COM EUCP_RECS@DRESDNER-BANK. Furthermore. preceded by the sign '+'.MT 711 • • If presentation of only electronic records is allowed. the receiver of the message. the advising bank. the advising bank must provide the beneficiary or another advising bank with the electronic address where they wish the electronic records to be presented. must provide the beneficiary or another advising bank with the electronic address of the issuing bank.COM • The specification of each new item should begin on a new line. ie. If not already part of the original documentary credit. Examples: EUCP@DRESDNER-BANK. EXAMPLE :47B:+NOT SUBJECT TO ICC UCP500 :47B:+SUBJECT TO ICC EUCP VERSION 1. the latter should be replaced by "(AT)". the place for presentation of the electronic records (ie.COM should be shown as EUCP(UNDERSCORE)RECS(AT)DRESDNER-BANK. In case the electronic address contains the "_".

or part thereof.Category 7 . It is used to advise the Receiver about the terms and conditions of the transferred documentary credit. Amount Percentage Credit Amount Tolerance Maximum Credit Amount Additional Amounts Covered Available With… By… Drafts at … Drawee Field Name 1!n/1!n 2*24x 16x 16x 6!n 30x[/35x] 6!n29x A or D 4*35x 4*35x [/34x] 4*35x 3!a15d 2n/2n 13x 4*35x A or D 3*35x A or D 4*35x 4*35x 1*35x 1*35x Content/Options No.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 720 Transfer of a Documentary Credit MT 720 Scope When a beneficiary has requested the transfer of a documentary credit . to the bank advising the second beneficiary. MT 720 Format Specifications MT 720 Transfer of a Documentary Credit Status M M M M O M M O O M M M O O O M O O O O O O Tag 27 40B 20 21 31C 40E 31D 52a 50B 50 59 32B 39A 39B 39C 41a 42C 42a Sequence of Total Form of Documentary Credit Transferring Bank's Reference Documentary Credit Number Date of Issue Applicable Rules Date and Place of Expiry Issuing Bank of the Original Documentary Credit Non-Bank Issuer of the Original Documentary Credit First Beneficiary Second Beneficiary Currency Code. this message is sent by the bank authorised to advise the transfer of the documentary credit.to a second beneficiary.originally issued by a bank or a nonbank . 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 42M Mixed Payment Details 42P 43P 43T Deferred Payment Details Partial Shipments Transhipment 86 Message Reference Guide .

fields 42C and 42a must both be present (Error code(s): C90). but not both. Either field 44C or 44D. or field 42P alone may be present. may be present (Error code(s): D05). When used. must be present (Error code(s): C06).. Unless otherwise specified.. may be present (Error code(s): D06). the Receiver must add sentences to the effect that: • • 11 September 2006 87 . additional documentary credit information should be transmitted via one or more MT 721s./Place of Delivery Latest Date of Shipment Shipment Period Description of Goods and/or Services Documents Required Additional Conditions Charges Period for Presentation Confirmation Instructions Instructions to the Paying/ Accepting/Negotiating Bank 'Advise Through' Bank Sender to Receiver Information M = Mandatory O = Optional 1*65x 1*65x 1*65x 1*65x 6!n 6*65x Content/Options No. Either fields 42C and 42a together.. No other combination of these fields is allowed (Error code(s): C90)..MT 720 Status O O O O O O O O O O O M O O O Tag 44A 44E 44F 44B 44C 44D 45A 46A 47A 71B 48 49 78 57a 72 Field Name Place of Taking in Charge/Dispatch from. or field 42M alone. MT 720 Usage Rules • When the documentary credit message exceeds the maximum input message length. For freely negotiable documentary credits. 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 100*65x 100*65x 100*65x 6*35x 4*35x 7!x 12*65x A. but not both./Place of Receipt Port of Loading/Airport of Departure Port of Discharge/Airport of Destination Place of Final Destination/For Transportation to. but not both. a documentary credit advised to the beneficiary or another advising bank based on a SWIFT message constitutes an operative credit instrument. B or D 6*35x MT 720 Network Validated Rules C1 C2 C3 C4 C5 Either field 39A or 39B. Up to three MT 721s may be sent in addition to the MT 720. Either field 52a "Issuing Bank" or field 50B "Non-Bank Issuer".

If this message is used to transfer a non-bank issued documentary credit. Field 40B: Form of Documentary Credit FORMAT Option B 24x 24x (Type) (Code) PRESENCE Mandatory DEFINITION This field specifies the type of credit and whether or not the Sender is adding its confirmation to the credit. WITHOUT OUR CONFIRMATION The Sender is not adding its confirmation to the credit. field 50B must be present. where possible. The documentary credit / standby letter of credit is revocable. The transferring bank must transfer the documentary credit. or you.Category 7 . The documentary credit / standby letter of credit is irrevocable. To avoid misunderstandings. (Number) (Total) 2. and the total number of messages in the series. in a way that is clear and unambiguous to the beneficiary. Field 27: Sequence of Total FORMAT 1!n/1!n PRESENCE Mandatory DEFINITION This field specifies the number of this message in the series of messages sent for a documentary credit. MT 720 Field Specifications 1. CODES Type must contain one of the following codes (Error code(s): T64): IRREVOC TRANS STANDBY IRREVOCABLE REVOCABLE The standby letter of credit is irrevocable and transferable. us. The negotiating bank must note each negotiation on that advice. banks are to use Bank Identifier Codes rather than expressions such as ourselves. CODES Code must contain one of the following codes (Error code(s): T66): ADDING OUR CONFIRMATION The Sender is adding its confirmation to the credit.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 • • • The advice to the beneficiary must be presented at each negotiation. yourselves. 88 Message Reference Guide . including all its details.

4.MT 720 3. Field 21: Documentary Credit Number FORMAT 16x PRESENCE Mandatory DEFINITION This field specifies the documentary credit number which has been assigned by the issuing bank. Field 40E: Applicable Rules FORMAT Option E 30x[/35x] (Applicable Rules) (Narrative) 11 September 2006 89 . NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). It is strongly recommended that this field be included in the MT 720. 5. Field 20: Transferring Bank's Reference FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the reference number which the transferring bank (Sender) has assigned to the 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). NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). Field 31C: Date of Issue FORMAT Option C PRESENCE Optional DEFINITION This field specifies the date on which the issuing bank considers the documentary credit as being issued. USAGE RULES The absence of this field in an MT 700/701 Issue of a Documentary Credit implies that the date of issue of that documentary credit is the date on which the MT 700/701 was sent. 6!n (Date) 6.

7. International Chamber of Commerce. The standby letter of credit is subject to the version of the ICC International Standby Practices. which are in effect on the date of issue.Category 7 . International Chamber of Commerce. France. The documentary credit is subject to the version of the ICC Uniform Customs and Practice for Documentary Credits and the version of the Uniform Rules for Bank-to-Bank Reimbursements under documentary credits. Field 31D: Date and Place of Expiry FORMAT Option D PRESENCE Mandatory DEFINITION This field specifies the latest date for presentation under the documentary credit and the place where documents must be presented. Paris.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 PRESENCE Mandatory DEFINITION This field specifies the rules the credit is subject to. France. International Chamber of Commerce. Paris. Paris. is only allowed when subfield 1 of this field consists of OTHR (Error code(s): D81). The credit is subject to any other rules. France. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). International Chamber of Commerce. France. The documentary credit is subject to the version of the ICC Uniform Customs and Practice for Documentary Credits. which is in effect on the date of issue. Paris. which are in effect on the date of issue. EUCPURR LATEST VERSION ISP LATEST VERSION OTHR UCP LATEST VERSION UCPURR LATEST VERSION NETWORK VALIDATED RULES Subfield 2 of field 40E. France. which is in effect on the date of issue. CODES One of the following codes must be used (Error code(s): T59) EUCP LATEST VERSION The documentary credit is subject to the version of the Supplement of the ICC Uniform Customs and Practice for Documentary Credits for Electronic Presentations. 6!n29x (Date) (Place) 90 Message Reference Guide . which is in effect on the date of issue. The documentary credit is subject to the version of the Supplement of the ICC Uniform Customs and Practice for Documentary Credits for Electronic Presentations and the version of the Uniform Rules for Bank-to-Bank Reimbursements. International Chamber of Commerce. ie "/"35x. Paris.

Field 50: First Beneficiary FORMAT 4*35x PRESENCE Mandatory DEFINITION This field specifies the party on behalf of which the documentary credit has been issued/transferred. Field 52a: Issuing Bank of the Original Documentary Credit FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Conditional (C5) DEFINITION This field specifies the issuing bank of the original documentary credit. either connected or non-connected (Error code(s): T27.MT 720 8.Corporations for more information about BEIs. Live destinations and Test & Training destinations. Field 50B: Non-Bank Issuer of the Original Documentary Credit FORMAT Option B PRESENCE Conditional (C5) DEFINITION This field specifies the non-bank issuer of the original documentary credit. 4*35x (Name & Address) 10. Masters. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. T29. T45). (Error code(s): C05). NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. The BIC must not be a BEI. T28. Synonyms. Please refer to the latest version of the BIC Directory . (Name & Address) 11. 9. USAGE RULES In the absence of this field. the Sender of the message is the issuing bank of the original documentary credit. non-SWIFT BICs. Field 59: Second Beneficiary FORMAT [/34x] 4*35x (Account) (Name & Address) 11 September 2006 91 .

12. Field 39B: Maximum Credit Amount FORMAT Option B PRESENCE Conditional (C1) DEFINITION This field further qualifies the documentary credit amount. referred to in the UCP as the second beneficiary. T43). The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. 3!a15d (Currency) (Amount) 13. Tolerance 2 specifies a negative tolerance. T40. Field 32B: Currency Code. The integer part of Amount must contain at least one digit. 2n/2n (Tolerance 1) (Tolerance 2) 14. USAGE RULES Tolerance 1 specifies a positive tolerance. The decimal comma '. USAGE RULES Special information relative to the amount of the credit must be specified in field 39B Maximum Credit Amount.Category 7 . Amount FORMAT Option B PRESENCE Mandatory DEFINITION This field contains the currency code and amount of the documentary credit.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 PRESENCE Mandatory DEFINITION This field specifies the name of the beneficiary of the transferred credit. 13x (Code) 92 Message Reference Guide . NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). Field 39A: Percentage Credit Amount Tolerance FORMAT Option A PRESENCE Conditional (C1) DEFINITION This field specifies the tolerance relative to the documentary credit amount as a percentage plus and/or minus that amount.' is mandatory and is included in the maximum length.

Masters. freight. either connected or non-connected (Error code(s): T27. T29. Field 39C: Additional Amounts Covered FORMAT Option C PRESENCE Optional DEFINITION This field specifies any additional amounts covered such as insurance. Live destinations and Test & Training destinations. accept. 4*35x (Narrative) 16.Corporations for more information about BEIs. etc. (Error code(s): C05). interest. Synonyms. T28. Please refer to the latest version of the BIC Directory . The BIC must not be a BEI. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. 15. non-SWIFT BICs. USAGE RULES For credits subject to eUCP: 11 September 2006 93 . CODES Code must contain one of the following codes (Error code(s): T68): BY ACCEPTANCE BY DEF PAYMENT BY MIXED PYMT BY NEGOTIATION BY PAYMENT NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. Field 41a: Available With… By… FORMAT Option A Option D 4!a2!a2!c[3!c] 14x 4*35x 14x (BIC) (Code) (Name & Address) (Code) PRESENCE Mandatory DEFINITION This field identifies the bank authorised to pay. negotiate or incur a deferred payment undertaking for the credit and an indication of how the credit is available.MT 720 CODES The following code must be used (Error code(s): T01): NOT EXCEEDING Qualifies the documentary credit amount. T45).

When Code contains either BY DEF PAYMENT or BY MIXED PYMT. T45). If presentation of only electronic records is allowed. 94 Message Reference Guide . Masters. • If the credit is to be freely negotiable by any bank. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. Live destinations and Test & Training destinations. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. Field 42C: Drafts at… FORMAT Option C PRESENCE Conditional (C2 and C3) DEFINITION This field specifies the tenor of drafts to be drawn under the documentary credit. If drafts on the applicant are required. USAGE RULES The drawee must be a bank.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 • If presentation of both electronic records and paper documents is allowed. option D must be used with the phrase Any bank in … (city or country).Corporations for more information about BEIs. Field 42a: Drawee FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Conditional (C2 and C3) DEFINITION This field identifies the drawee of the drafts to be drawn under the documentary credit. 3*35x (Narrative) 18. The BIC must not be a BEI. 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. they are to be listed as documents in field 46A. When Code contains BY PAYMENT. 17. the place for presentation of the electronic records (ie. T29. either connected or non-connected (Error code(s): T27.Category 7 . the specific details of the payment terms must be specified in field 42P and 42M. T28. If the credit is to be freely negotiable by any bank anywhere in the world. (Error code(s): C05). the place for presentation of the electronic records (ie. the electronic address to which presentation must be made) must be specified in field 47A and not in this field. Synonyms. Please refer to the latest version of the BIC Directory . an indication of country is not required. this should be understood to mean payment at sight. non-SWIFT BICs.

/Place of Receipt FORMAT Option A 1*65x (Narrative) 11 September 2006 95 .. Field 42P: Deferred Payment Details FORMAT Option P PRESENCE Conditional (C3) DEFINITION This field specifies the payment date or method for its determination in a documentary credit which is available by deferred payment only. Field 42M: Mixed Payment Details FORMAT Option M PRESENCE Conditional (C3) DEFINITION This field specifies the payment dates. 1*35x (Narrative) 23. amounts and/or method for their determination in a documentary credit which is available by mixed payment. 19.MT 720 The Party Identifier must not be present. 4*35x (Narrative) 20. Field 43P: Partial Shipments FORMAT Option P PRESENCE Optional DEFINITION This field specifies whether or not partial shipments are allowed under the documentary credit. Field 43T: Transhipment FORMAT Option T PRESENCE Optional DEFINITION This field specifies whether or not transhipment is allowed under the documentary credit. Field 44A: Place of Taking in Charge/Dispatch from. 4*35x (Narrative) 21.. 1*35x (Narrative) 22.

the place of receipt (in case of a road. Field 44C: Latest Date of Shipment FORMAT Option C PRESENCE Conditional (C4) DEFINITION This field specifies the latest date for loading on board/dispatch/taking in charge. 1*65x (Narrative) 25. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). 6!n (Date) 96 Message Reference Guide ./Place of Delivery FORMAT Option B PRESENCE Optional DEFINITION This field specifies the final destination or place of delivery to be indicated on the transport document. 24. the place of dispatch or the place of shipment to be indicated on the transport document.Category 7 . Field 44E: Port of Loading/Airport of Departure FORMAT Option E PRESENCE Optional DEFINITION This field specifies the port of loading or airport of departure to be indicated on the transport document.. Field 44F: Port of Discharge/Airport of Destination FORMAT Option F PRESENCE Optional DEFINITION This field specifies the port of discharge or airport of destination to be indicated on the transport document. 1*65x (Narrative) 26.. rail or inland waterway transport document or a courier or expedited delivery service document). 1*65x (Narrative) 27. Field 44B: Place of Final Destination/For Transportation to.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 PRESENCE Optional DEFINITION This field specifies the place of taking in charge (in case of a multimodal transport document).

the first MT 721 contains fields 45B and 46B. up to three MT 721s may be sent in addition to an MT 720. 30. Some examples of valid combinations: • • • • • MT 720 contains field 45A. Field 45A: Description of Goods and/or Services FORMAT Option A PRESENCE Optional DEFINITION This field contains a description of the goods and/or services. 46A or 47A. there is a limit of 100 lines of 65 characters to specify the description of goods and/or services. the second MT 721 contains field 47B (INVALID because there are two fields 45a). and 47A. This means that in any documentary credit. MT 720 contains field 45A. 46B and 47B (INVALID because there are three fields 45a). MT 720 does not contain fields 45A. the second MT 721 contains fields 45B. the second MT 721 contains field 47B. MT 720 contains field 45A. To cater for lengthy documentary credits. USAGE RULES Terms such as FOB. preceded by the sign '+'. etc. 46A. the first MT 721 contains field 45B.MT 720 28. the second MT 721 contains field 46B. MT 720 contains field 46A. ie. the subsequent MT 721 contains fields 46B and 47B. the first MT 721 contains field 45B. field 45a may appear in only one message. MT 720 contains field 46A. the third MT 721 contains field 47B. should be specified in this field. the first MT 721 contains field 45B. either in the MT 720 or in one MT 721. 100*65x (Narrative) Some examples of invalid combinations: • • MT 720 contains field 45A. 6*65x (Narrative) 29. The specification of each new item should begin on a new line. the subsequent MT 721 contains fields 45B and 47B. Field 44D: Shipment Period FORMAT Option D PRESENCE Conditional (C4) DEFINITION This field specifies the period of time during which the goods are to be loaded on board/despatched/taken in charge. Field 46A: Documents Required FORMAT Option A 100*65x (Narrative) 11 September 2006 97 . However. CIF.

46A or 47A. 46A. Some examples of valid combinations: • • • • • MT 720 contains field 45A. Field 47A: Additional Conditions FORMAT Option A PRESENCE Optional DEFINITION This field contains a description of further conditions of the documentary credit. up to three MT 721s may be sent in addition to an MT 720. MT 720 contains field 45A. To cater for lengthy documentary credits. This means that in any documentary credit. Some examples of invalid combinations: • • MT 720 contains field 46A. the format in which electronic records are to be presented must be specified in this field. 100*65x (Narrative) 98 Message Reference Guide . the first MT 721 contains field 46B. MT 720 contains field 46A. 31. the first MT 721 contains field 45B. MT 720 does not contain fields 45A. However. the third MT 721 contains field 47B. the second MT 721 contains fields 45B. the subsequent MT 721 contains fields 45B and 47B. For credits subject to eUCP. ie. the first MT 721 contains field 45B.Category 7 . the second MT 721 contains field 47B. further details should be specified in this field.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 PRESENCE Optional DEFINITION This field contains a description of any documents required. However. field 47a may appear in only one message. either in the MT 720 or in one MT 721. it is to be specified with the relative document in this field. preceded by the sign '+'. the second MT 721 contains field 46B. the subsequent MT 721 contains fields 46B and 47B. This means that in any documentary credit. The specification of each new item should begin on a new line. up to three MT 721s may be sent in addition to an MT 720. the second MT 721 contains field 47B (INVALID because there are two fields 46a). ie. To cater for lengthy documentary credits. MT 720 contains field 46A. 46B and 47B (INVALID because there are three fields 46a). MT 720 contains field 46A. the first MT 721 contains fields 45B and 46B. field 46a may appear in only one message. USAGE RULES When the ultimate date of issue of a transport document is specified. either in the MT 720 or in one MT 721. USAGE RULES In case the documentary credit is subject to any rules for which no code words are provided in field 40E. and 47A. there is a limit of 100 lines of 65 characters to specify the documents required. there is a limit of 100 lines of 65 characters to specify the additional conditions.

the receiver of the message.COM should be shown as EUCP(AT)DRESDNER-BANK. the second MT 721 contains field 47B. 46A. must provide the beneficiary or another advising bank with the electronic address of the issuing bank. MT 720 contains field 47A. MT 720 contains field 46A. preceded by the sign '+'. Furthermore. the subsequent MT 721 contains fields 45B and 46B. If not already part of the original documentary credit. In case the electronic address contains the "_". the latter should be replaced by "(AT)". Field 71B: Charges FORMAT Option B 6*35x (Narrative) In addition to narrative text. the first MT 721 contains field 45B. the advising bank. the second MT 721 contains fields 45B.COM The specification of each new item should begin on a new line. MT 720 does not contain fields 45A. 46B and 47B (INVALID because there are three fields 47a). the following line formats may be used: Line 1 /8a/[3!a13d][additional information] (Code) (Currency) (Amount) (Narrative) 11 September 2006 99 . and 47A. In case the electronic address contains the "@" sign. for credits subject to eUCP: • If presentation of both electronic records and paper documents is allowed. the place for presentation of the electronic records (ie. the first MT 721 contains fields 45B and 46B. the second MT 721 contains field 47B (INVALID because there are two fields 47a). the third MT 721 contains field 47B. the first MT 721 contains field 45B. 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. the first MT 721 contains field 47B.0 • • • 32. the advising bank must provide the beneficiary or another advising bank with the electronic address where they wish the electronic records to be presented. Examples: EUCP@DRESDNER-BANK. MT 720 contains field 46A. Where applicable. the subsequent MT 721 contains fields 45B and 47B. If presentation of only electronic records is allowed. MT 720 contains field 47A. ie.COM EUCP_RECS@DRESDNER-BANK. Some examples of invalid combinations: • • MT 720 contains field 47A.COM should be shown as EUCP(UNDERSCORE)RECS(AT)DRESDNER-BANK. the second MT 721 contains field 46B. the latter should be replaced by "(UNDERSCORE)". the place for presentation of the electronic records (ie. EXAMPLE :47A:+NOT SUBJECT TO ICC UCP500 :47A:+SUBJECT TO ICC EUCP VERSION 1. 46A or 47A. the electronic address to which presentation must be made) must be specified in this field.MT 720 Some examples of valid combinations: • • • • • MT 720 contains field 45A.

except negotiation and transfer charges. The absence of this field means that the presentation period is 21 days. Narrative text must not begin with a slash and. must begin on a new line and be the last information in the field. where applicable. CODES One or more of the following codes may be used. Field 49: Confirmation Instructions FORMAT 7!x (Instruction) 100 Message Reference Guide . are to be borne by the applicant. followed by the currency code and amount: AGENT COMM CORCOM DISC INSUR POST STAMP TELECHAR WAREHOUS Agent's commission Our commission Our correspondent's commission Commercial discount Insurance premium Our postage Stamp duty Teletransmission charges Wharfing and warehouse USAGE RULES In the absence of this field. 33. if used.Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Lines 2-6 PRESENCE Optional DEFINITION [//continuation of additional information] This field may be used only to specify charges to be borne by the beneficiary. USAGE RULES The period for presentation is expressed in number of days. all charges. acceptance or negotiation. Field 48: Period for Presentation FORMAT 4*35x PRESENCE Optional DEFINITION This field specifies the period of time after the date of shipment within which the documents must be presented for payment. Any code used in this field must be between slashes and must appear at the beginning of a line. (Narrative) 34.

through which the documentary credit is to be advised/confirmed to the beneficiary. accepting or negotiating bank. adherence to URR may be expressly indicated for those issuing banks who need to do so. When used to indicate pre-notification of a reimbursement claim or pre-debit notification to the issuing bank is required. the number and type. EXAMPLE :78:NOT SUBJECT TO ICC URR525 (Narrative) 36. ie. The Receiver may add its confirmation to the credit. of days within which the issuing bank has to be notified should also be indicated. CODES One of the following codes must be used (Error code(s): T67): CONFIRM MAY ADD WITHOUT The Receiver is requested to confirm the credit. 35. if different from the Receiver. Field 57a: 'Advise Through' Bank FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION This field identifies the bank. In addition to the provision made in the message scope. It may also indicate if prenotification of a reimbursement claim or pre-debit notification to the issuing bank is required. banking or calendar. Field 78: Instructions to the Paying/Accepting/Negotiating Bank FORMAT 12*65x PRESENCE Optional DEFINITION This field specifies instructions to the paying. USAGE RULES Non-adherence to URR must be specified in this field.MT 720 PRESENCE Mandatory DEFINITION This field contains confirmation instructions for the Receiver. 11 September 2006 101 . The Receiver is not requested to confirm the credit.

London Motospares Ltd. 37. Narrative text must not begin with a slash and.. T29. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field specifies additional information for the Receiver. MT 720 Examples Example 1 Issue of a Documentary Credit Narrative Motoimport. T28. must begin on a new line and be the last information in the field.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text.. non-SWIFT BICs. orders motor cycle and car parts from London Motospares Ltd. either connected or non-connected (Error code(s): T27. 102 Message Reference Guide . will obtain these parts from Cyclist Ltd. The BIC must not be a BEI.Category 7 . Motoimport banks with Nederlandsche Middenstandsbank. USAGE RULES Any code must be between slashes and must appear at the beginning of a line. 12 Cycle Square. Please advise the beneficiary by the most efficient means of telecommunication. Amsterdam. Singapore. if used.Corporations for more information about BEIs. Synonyms. Please refer to the latest version of the BIC Directory . T45). Masters. Amsterdam. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. CODES One or more of the following codes may be used: PHONBEN TELEBEN Please advise/contact beneficiary by phone. PO Box 9. Live destinations and Test & Training destinations. London. It therefore requests a transferable documentary credit in its own favour and transfers it in favour of Cyclist Ltd. (Error code(s): C05).

675 Advising Bank By payment Shipment: 400 Fuel tanks model 1320 AA cont. Partial shipments are not permitted. Shipment will be from Singapore to Port of Rotterdam. The advising bank may add its confirmation to the credit. banks with Royal Bank of Scotland. Singapore. The documentary credit is comprised of the following: Type of Credit: Documentary Credit Number: Date of Issue: Expiry Date: Place of Expiry: Amount: Available With: IRREVOCABLE/TRANSFERABLE DAE74568 21 July 2003 30 September 2003 London Pounds Sterling 123.MT 720 London Motospares Ltd. London. 11 September 2006 103 . 120 clutches 4 gangs model A 154 800 cylinders 150 cc model C45-15 600 rear wheels complete 28" magnesium model MW 123-28 120 fuel-injection sets complete model A 156-F FCA Singapore Against presentation of the following documents : • • Signed Commercial Invoice in five-fold Combined transport documents (full set) evidencing taking in charge of the merchandise as a full contained load for shipment by ocean vessel to Rotterdam issued to the order and blank endorsed dated not later than 20 September 2003 Packing list in five-fold Declaration issued by the company undersigning the CTD that the goods will be sent by vessel plying in regular line-service • • Special Conditions: • Freight may be paid in excess of the credit amount against freight note in which case CTD to be stamped freight prepaid Documents are to be presented within 10 days after the date of issuance of the shipping documents. banks with the Hong Kong and Shanghai Banking Corporation. Transhipment is permitted. 10 gall. Cyclist Ltd.

Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Information Flow Applicant 50 Motoimport Amsterdam Sender (Issuing Bank) Nederlandsche Middenstandsbank Amsterdam MT 700 Receiver (Advising Bank) Royal Bank of Scotland London Beneficiary 59 SWIFT Message MT 700 Explanation Sender Message Type Receiver Message Text Seq. Beneficiary Curr/Amount 104 D0070006 London Motospares Ltd London Message Reference Guide .Category 7 . of Total Form of D/C D/C Number Date of Issue Expiry Date Applicant :27:1/1 NMBANL2A 700 RBOSGB2L Format :40A:IRREVOCABLE TRANSFERABLE :20:DAE74568 :31C:030721 :31D:030930LONDON :50:MOTOIMPORT PO BOX 9 AMSTERDAM :59:LONDON MOTOSPARES LTD 12 CYCLE SQUARE LONDON :32B:GBP123675.

10 GALL. 11 September 2006 105 . +120 CLUTCHES 4 GANGS MODEL A 154 +800 CYLINDERS 150CC MODEL C45-15 +600 REAR WHEELS COMPLETE 28 IN MAGNESIUM MODEL MW 123-28 +120 FUEL-INJECTION SETS COMPLETE MODEL A 156-F +FCA SINGAPORE :46A:+SIGNED COMMERCIAL INVOICE IN FIVE-FOLD +COMBINED TRANSPORT DOCUMENTS (FULL SET) EVIDENCING TAKING IN CHARGE OF THE MERCHANDISE AS A FULL CONTAINER LOAD FOR SHIPMENT BY OCEAN VESSEL TO ROTTERDAM ISSUED TO THE ORDER AND BLANK ENDORSED DATED NOT LATER THAN 030920 +PACKING LIST IN FIVE-FOLD +DECLARATION ISSUED BY THE COMPANY UNDERSIGNING THE CTD THAT THE GOODS WILL BE SENT BY VESSEL PLYING IN REGULAR LINE-SERVICE :48:DOCUMENTS MUST BE PRESENTED WITHIN 10 DAYS AFTER DATE OF ISSUE OF CTD :49:MAY ADD Available With… By. 498 Wheeler St. Singapore. Royal Bank of Scotland transfers the documentary credit (reference IMP124678) to Hong Kong and Shanghai Banking Corporation.MT 720 Explanation Additional Amounts Covered Format :39C:FREIGHT MAY BE PAID IN EXCESS OF CREDIT AMOUNT AGAINST FREIGHTNOTE IN WHICH CASE CTD TO BE STAMPED FREIGHT PREPAID :41A:RBOSGB2L BY PAYMENT :43P:NOT ALLOWED :43T:ALLOWED :44A:SINGAPORE :44B:ROTTERDAM :45A:+400 FUEL TANKS MODEL 1320 AA CONT. Transhipment Taking in charge Transport … Description of Goods Documents Required Period for Presentation Confirm Instructions End of Message Text/Trailer Example 2 Transfer of a Documentary Credit Narrative On the instructions of London Motospares Ltd. Singapore.. Partial Ship... in favour of Cyclists Ltd...

of Total Form of D/C Transferring Bk Ref D/C Number Date of Issue Expiry Date Applicant :27:1/1 RBOSGB2 720 HSBCSGSG Format :40B:IRREVOCABLE ADDING OUR CONFIRMATION :20:IMP124678 :21:DAE74568 :31C:030721 :31D:030930LONDON :50:LONDON MOTOSPARES LTD 12 CYCLE SQUARE LONDON 106 D0070007 Cyclists Ltd Singapore Message Reference Guide . Information Flow Applicant 50 London Motospares Ltd London (First beneficiary) Sender (Transferring Bank) Royal Bank of Scotland London MT 720 Receiver (Advising Bank) Hongkong and Shanghai Banking Corp.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 The amount of the transferred credit is Pounds Sterling 100.000.Category 7 . Singapore Beneficiary 59 SWIFT Message MT 720 Explanation Sender Message Type Receiver Message Text Seq.

Transhipment Taking in charge Transport … Description of the Goods Documents Required Period for Presentation Confirm Instructions End of Message Text/Trailer 11 September 2006 107 . Format Currency/Amount Additional Amounts Covered :39C: FREIGHT MAY BE PAID IN EXCESS OF CREDIT AMOUNT AGAINST FREIGHTNOTE IN WHICH CASE CTD TO BE STAMPED FREIGHT PREPAID :41A:RBOSGB2L BY PAYMENT :43P:NOT ALLOWED :43T:ALLOWED :44A:SINGAPORE :44B:ROTTERDAM :45A:+400 FUEL TANKS MODEL 1320 AA CONT.MT 720 Explanation Beneficiary :59:CYCLIST LTD 498 WHEELER ST SINGAPORE :32B:GBP100000. +120 CLUTCHES 4 GANGS MODEL A 154 +800 CYLINDERS 150CCMODEL C45-15 +600 REAR WHEELS COMPLETE 28 IN MAGNESIUM MODEL MW 123-28 +120 FUEL-INJECTION SETS COMPLETE MODEL A 156-F +FCA SINGAPORE :46A:+SIGNED COMMERCIAL INVOICE IN FIVE-FOLD +COMBINED TRANSPORT DOCUMENTS (FULL SET) EVIDENCING TAKING IN CHARGE OF THE MERCHANDISE AS A FULL CONTAINER LOAD FOR SHIPMENT BY OCEAN VESSEL TO ROTTERDAM ISSUED TO THE ORDER AND BLANK ENDORSED DATED NOT LATER THAN 030920 +PACKING LIST IN FIVE-FOLD +DECLARATION ISSUED BY THE COMPANY UNDERSIGNING THE CTD THAT THE GOODS WILL BE SENT BY VESSEL PLYING IN REGULAR LINE-SERVICE :48:DOCUMENTS MUST BE PRESENTED WITHIN 10 DAYS AFTER DATE OF ISSUE OF CTD :49:WITHOUT Available With… By… Partial Ship. 10 GALL.

this message is sent by the bank authorised to advise the transfer of the documentary credit. or you. The negotiating bank must note each negotiation on that advice. For freely negotiable documentary credits. to the bank advising the second beneficiary. when the information in the documentary credit exceeds the maximum input message length of the MT 720.Category 7 . additional documentary credit information should be transmitted via one or more MT 721s. When the documentary credit message exceeds the maximum input message length. Unless otherwise specified.originally issued by a bank or a nonbank . • • To avoid misunderstandings.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 721 Transfer of a Documentary Credit MT 721 Scope When a beneficiary has requested the transfer of a documentary credit . It is used to advise the Receiver about the terms and conditions of the transferred documentary credit. 1 2 3 4 5 6 MT 721 Network Validated Rules There are no network validated rules for this message type. or part thereof. a documentary credit advised to the beneficiary or another advising bank based on a SWIFT message constitutes an operative credit instrument. yourselves. Up to three MT 721s may be sent in addition to the MT 720. This message is sent in addition to an MT 720 Transfer of a Documentary Credit. banks are to use Bank Identifier Codes rather than expressions such as ourselves. the Receiver must add sentences to the effect that: • The advice to the beneficiary must be presented at each negotiation. MT 721 Usage Rules • • Any rules the credit is subject to must be indicated in field 40E of the MT 720 this message relates to. where possible. MT 721 Format Specifications MT 721 Transfer of a Documentary Credit Status M M M O O O Tag 27 20 21 45B 46B 47B Sequence of Total Transferring Bank's Reference Documentary Credit Number Description of Goods and/or Services Documents Required Additional Conditions M = Mandatory O = Optional Field Name 1!n/1!n 16x 16x 100*65x 100*65x 100*65x Content/Options No. 108 Message Reference Guide .to a second beneficiary. us.

NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). MT 721 Field Specifications 1. Field 20: Transferring Bank's Reference FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the reference number which the transferring bank (Sender) has assigned to the documentary credit. in a way that is clear and unambiguous to the beneficiary.MT 721 • The transferring bank must transfer the documentary credit. Field 45B: Description of Goods and/or Services FORMAT Option B 100*65x (Narrative) 11 September 2006 109 . Field 21: Documentary Credit Number FORMAT 16x PRESENCE Mandatory DEFINITION This field specifies the documentary credit number which has been assigned by the issuing bank. and the total number of messages in the series. 3. including all its details. (Number) (Total) 2. Field 27: Sequence of Total FORMAT 1!n/1!n PRESENCE Mandatory DEFINITION This field specifies the number of this message in the series of messages sent for a 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). 4.

This means that in any documentary credit. To cater for lengthy documentary credits. the second MT 721 contains field 46B. the first MT 721 contains fields 45B and 46B. there is a limit of 100 lines of 65 characters to specify the documents required. field 46a may appear in only one message. either in the MT 720 or in one MT 721. Some examples of valid combinations: • • • • MT 720 contains field 45A. the second MT 721 contains field 47B. CIF. the first MT 721 contains field 45B. MT 720 contains field 46A. the first MT 721 contains field 45B. field 45a may appear in only one message. Field 46B: Documents Required FORMAT Option B PRESENCE Optional DEFINITION This field contains a description of any documents required. preceded by the sign '+'. the second MT 721 contains field 47B (INVALID because there are two fields 45a). the first MT 721 contains field 45B. USAGE RULES When the ultimate date of issue of a transport document is specified. there is a limit of 100 lines of 65 characters to specify the description of goods and/or services. the format in which electronic records are to be presented must be specified in this field. the subsequent MT 721 contains fields 46B and 47B. Some examples of valid combinations: 100*65x (Narrative) 110 Message Reference Guide . it is to be specified with the relative document in this field. However. the subsequent MT 721 contains fields 45B and 47B.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 PRESENCE Optional DEFINITION This field contains a description of the goods and/or services. 46B and 47B (INVALID because there are three fields 45a).Category 7 . USAGE RULES Terms such as FOB. This means that in any documentary credit. etc. MT 720 contains field 45A. should be specified in this field. up to three MT 721s may be sent in addition to an MT 720. To cater for lengthy documentary credits. However. 5. MT 720 does not contain fields 45A. either in the MT 720 or in one MT 721. For credits subject to eUCP. 46A or 47A. up to three MT 721s may be sent in addition to an MT 720. the third MT 721 contains field 47B. ie. The specification of each new item should begin on a new line. ie. the second MT 721 contains fields 45B. MT 720 contains field 46A. Some examples of invalid combinations: • • MT 720 contains field 45A.

Some examples of valid combinations: • • • • MT 720 contains field 47A. the first MT 721 contains field 45B.MT 721 • • • • MT 720 contains field 45A. the third MT 721 contains field 47B. the subsequent MT 721 contains fields 46B and 47B. 46B and 47B (INVALID because there are three fields 47a). This means that in any documentary credit. there is a limit of 100 lines of 65 characters to specify the additional conditions. the first MT 721 contains field 47B. the second MT 721 contains field 47B (INVALID because there are two fields 47a). the second MT 721 contains field 46B. the subsequent MT 721 contains fields 45B and 47B. the first MT 721 contains field 46B. the first MT 721 contains fields 45B and 46B. MT 720 does not contain fields 45A. further details should be specified in this field. the second MT 721 contains fields 45B. the first MT 721 contains field 45B. MT 720 does not contain fields 45A. the subsequent MT 721 contains fields 45B and 47B. the second MT 721 contains field 47B (INVALID because there are two fields 46a). the place for presentation of the electronic records (ie. 11 September 2006 111 . Where applicable. the first MT 721 contains field 45B. USAGE RULES 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. MT 720 contains field 46A. up to three MT 721s may be sent in addition to an MT 720. for credits subject to eUCP: • If presentation of both electronic records and paper documents is allowed. ie. the third MT 721 contains field 47B. MT 720 contains field 46A. 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. 46A or 47A. 46A or 47A. either in the MT 720 or in one MT 721. Field 47B: Additional Conditions FORMAT Option B PRESENCE Optional DEFINITION This field contains a description of further conditions of the documentary credit. the first MT 721 contains fields 45B and 46B. MT 720 contains field 46A. the second MT 721 contains field 47B. 46B and 47B (INVALID because there are three fields 46a). the second MT 721 contains field 47B. The specification of each new item should begin on a new line. the second MT 721 contains field 46B. However. the subsequent MT 721 contains fields 45B and 46B. MT 720 contains field 47A. field 47a may appear in only one message. the second MT 721 contains fields 45B. 100*65x (Narrative) Some examples of invalid combinations: • • MT 720 contains field 47A. MT 720 contains field 46A. 6. Some examples of invalid combinations: • • MT 720 contains field 46A. MT 720 contains field 46A. preceded by the sign '+'. the first MT 721 contains field 45B. To cater for lengthy documentary credits.

COM EUCP_RECS@DRESDNER-BANK. the latter should be replaced by "(AT)". the advising bank. If not already part of the original documentary credit.COM should be shown as EUCP(UNDERSCORE)RECS(AT)DRESDNER-BANK. the latter should be replaced by "(UNDERSCORE)".COM should be shown as EUCP(AT)DRESDNER-BANK. In case the electronic address contains the "@" sign. the advising bank must provide the beneficiary or another advising bank with the electronic address where they wish the electronic records to be presented.COM • The specification of each new item should begin on a new line. EXAMPLE :47B:+NOT SUBJECT TO ICC UCP500 :47B:+SUBJECT TO ICC EUCP VERSION 1.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 • • If presentation of only electronic records is allowed. the receiver of the message.0 MT 721 Examples There are no examples for this message type. Furthermore. preceded by the sign '+'. the place for presentation of the electronic records (ie. 112 Message Reference Guide .Category 7 . must provide the beneficiary or another advising bank with the electronic address of the issuing bank. ie. Examples: EUCP@DRESDNER-BANK. the electronic address to which presentation must be made) must be specified in this field. In case the electronic address contains the "_".

When applicable. This message type may also be used: • • to account for bank charges to advise of acceptance or rejection of an amendment of a credit. MT 730 Format Specifications MT 730 Acknowledgement Status M M O M O O O O Tag 20 21 25 30 32a 57a 71B 72 Sender's Reference Receiver's Reference Account Identification Date of Message Being Acknowledged Amount of Charges Account With Bank Charges Sender to Receiver Information M = Mandatory O = Optional Field Name 16x 16x 35x 6!n B or D A or D 6*35x 6*35x Content/Options No. may be present (Error code(s): C77).MT 730 MT 730 Acknowledgement MT 730 Scope This message is used to acknowledge receipt of any documentary credit message. field 57a must not be present (Error code(s): C78). If field 32D is present. 11 September 2006 113 . but not both. 1 2 3 4 5 6 7 8 MT 730 Network Validated Rules C1 C2 Either field 25 or 57a. MT 730 Field Specifications 1. it may also explicitly indicate that the message has been forwarded according to instructions. Field 20: Sender's Reference FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the reference assigned by the Sender to unambiguously identify the message.

In all other cases. on the books of the Sender. this field specifies the date on which the message being acknowledged was sent.Category 7 . (Date) 114 Message Reference Guide . 2. Field 30: Date of the Message Being Acknowledged FORMAT 6!n PRESENCE Mandatory DEFINITION When this message is acknowledging an MT 700 Issue of a Documentary Credit. Field 25: Account Identification FORMAT 35x PRESENCE Conditional (C1) DEFINITION This field identifies the number of the account which has been used for the settlement of charges. this field will contain a reference to that message which is meaningful to the Receiver. 3. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). Field 21: Receiver's Reference FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the content of field 20 Transaction Reference Number of the message which this MT 730 is acknowledging. (Account) 4. this field specifies the date of issue.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). USAGE RULES If the related message was not sent via SWIFT.

Synonyms. 7. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. When reimbursement for charges is requested. USAGE RULES When the charges have been debited. T40.' is mandatory and is included in the maximum length. in addition to the currency code and amount.Corporations for more information about BEIs. option B must be used. Live destinations and Test & Training destinations. NETWORK VALIDATED RULES In option D. T43). either connected or non-connected (Error code(s): T27. option D must be used specifying the value date of the debit. Currency must be a valid ISO 4217 currency code (Error code(s): T52). T45). The BIC must not be a BEI. Masters. (Error code(s): C05). Field 71B: Charges FORMAT Option B 6*35x (Narrative) In addition to narrative text. Please refer to the latest version of the BIC Directory . Date must be a valid date expressed as YYMMDD (Error code(s): T50). T28. The integer part of Amount must contain at least one digit. Field 57a: Account With Bank FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Conditional (C1 and C2) DEFINITION This field identifies the bank to which the amount of charges is to be remitted in favour of the Sender. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. Field 32a: Amount of Charges FORMAT Option B Option D PRESENCE Optional DEFINITION This field contains the currency code and total amount of charges claimed by the Sender of the message. T29.MT 730 5. 3!a15d 6!n3!a15d (Currency) (Amount) (Date) (Currency) (Amount) 6. The decimal comma '. the following line formats may be used: 11 September 2006 115 . NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. non-SWIFT BICs.

if used. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field specifies additional information for the Receiver. CODES One or more of the following codes may be used: 116 Message Reference Guide .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Line 1 Lines 2-6 PRESENCE Optional DEFINITION /8a/[3!a13d][additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) This field specifies the charges to be claimed. Narrative text must not begin with a slash and. followed by the currency code and amount: AGENT COMM CORCOM DISC INSUR POST STAMP TELECHAR WAREHOUS Agent's commission Our commission Our correspondent's commission Commercial discount Insurance premium Our postage Stamp duty Teletransmission charges Wharfing and warehouse USAGE RULES Any code used in this field must be between slashes and must appear at the beginning of a line.Category 7 . CODES One or more of the following codes may be used. must begin on a new line and be the last information in the field. 8.

receives documentary credit number DAE74568 from Nederlandsche Middenstandsbank. London. USAGE RULES When this message is used to advise of acceptance or rejection of an amendment of a credit. (To review the MT 700 which is being acknowledged see the Example section of the MT 700. the confirmation of the beneficiary must be indicated in this field. The beneficiary has rejected the amendment of the credit. Narrative text must not begin with a slash and. Amsterdam. must begin on a new line and be the last information in the field. indicating that it has added its confirmation. Its charges are to be settled at a later date. MT 730 Examples Narrative Royal Bank of Scotland. Any code must be between slashes and must appear at the beginning of a line. Royal Bank of Scotland acknowledges receipt of the credit with its reference IMP124678.) Information Flow Sender (Advising Bank) Royal Bank of Scotland London (MT 700) MT 730 SWIFT Message Explanation Sender Message Type Receiver Message Text Sender's Reference :20:IMP124678 RBOSGB2L 730 NMBANL2A Format 11 September 2006 D0070008 Receiver (Issuing Bank) Nederlandsche Middenstandbank Amsterdam 117 . issued on 21 July 2003. if used.MT 730 BENACC BENREJ The beneficiary has accepted the amendment of the credit.

Glory Bulbs. Lisse. and transmits via SWIFT. Box 309. in triplicate the forwarding agent's certificate. Amsterdam. The credit covers the purchase of 10. The applicant is Floral Encounters. Information Flow Applicant 50 Floral Encounters Vienna Sender (Issuing Bank) Österreichische Länderbank Vienna MT 700 Receiver (Advising Bank) Amsterdam-Rotterdam Bank Amsterdam Beneficiary 59 118 D0070009 Glory Bulbs Lisse Message Reference Guide . its documentary credit number 12345. Kruegerstrasse 12. the beneficiary.000. Oesterreichische Laenderbank. Amsterdam-Rotterdam Bank. The following documents are required: • • signed commercial invoice. The amount of the credit is Euro 5. Vienna. packed in cartons of 500 bulbs each. is the advising and confirming bank for the credit.000 tulip bulbs.Category 7 . Vienna. showing the goods addressed to the applicant. Partial shipments are not allowed. with each carton being of one colour as per the purchase order.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Explanation Receiver's Reference Date of Message Acknowledged Sender to Receiver Information :21:DAE74568 :30:030721 Format :72:AT BENEFICIARY'S REQUEST WE ADDED OUR CONFIRMATION WE SHALL SETTLE OUR CHARGES LATER End of Message Text/Trailer Example 1 Issue of a Documentary Credit Narrative On 18 May 2002. The Netherlands. issues.

Amsterdam-Rotterdam Bank sends the credit to the beneficiary. Amsterdam-Rotterdam Bank acknowledges receipt of the credit.000 TULIP BULBS IN CARTONS OF 500 BULBS EACH.MT 730 SWIFT Message Explanation Sender Message Type Receiver Message Text Sequence of Total Form of Documentary Credit Documentary Credit Number Date of Issue Date and Place of Expiry Applicant :27:1/1 OELBATWW 700 AMRONL2A Format :40A:IRREVOCABLE :20:12345 :31C:020518 :31D:020817AMSTERDAM :50:FLORAL ENCOUNTERS KRUEGERSTRASSE 12 VIENNA :59:GLORY BULBS PO BOX 309 LISSE :32B:EUR5000. EACH CARTON BEING OF ONE COLOUR :46A:+SIGNED COMMERCIAL INVOICE IN TRIPLICATE +FORWARDING AGENTS CERTIFICATE OF RECEIPT SHOWING GOODS ADDRESSED TO THE APPLICANT :49:CONFIRM Beneficiary Currency Code/Amount Available With… By… Partial Shipments Taking in Charge… For Transportation to… Description of Goods Documents Required Confirmation Instructions End of Message Text/Trailer Example 2 Acknowledgement Narrative When it receives the documentary credit. including its confirmation. with its reference 11 September 2006 119 . :41A:AMRONL2A BY PAYMENT :43P:NOT ALLOWED :44A:AMSTERDAM :44B:VIENNA :45A:10.

Category 7 . :72:WE ADDED OUR CONFIRMATION PLEASE PAY FOR ACCOUNT NUMBER 75016375 AT CABVATWW End of Message Text/Trailer 120 D0070010 Creditanstalt Bankverein Vienna Message Reference Guide . Information Flow Sender (Advising Bank) Amsterdam-Rotterdam Bank Amsterdam (MT 700) (Charges) Receiver (Issuing Bank) MT 730 Österreichische Länderbank Vienna Account With Bank 57a SWIFT Message Explanation Sender Message Type Receiver Message Text Sender's Reference Receiver's Reference Date of Message Acknowledged Amount of Charges Account With Bank Charges Sender to Receiver Information :20:745322IMP :21:12345 :30:020518 :32B:EUR320. Vienna. :57A:CABVATWW AMRONL2A 730 OELBATWW Format :71B:/COMM/EUR300. /CABLE/EUR20. Amsterdam-Rotterdam Bank requests Oesterreichische Laenderbank to pay total charges of EUR 320 to its account number 75016375.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 745322IMP. Charges are claimed in the amount of EUR 300 for its confirmation and EUR 20 for cable costs. indicating that it has added its confirmation as requested. at Creditanstalt Bankverein.

MT 732 MT 732 Advice of Discharge MT 732 Scope This message is sent by the issuing bank to the paying/negotiating or accepting bank. It may also be sent by the paying/accepting/negotiating bank to the bank from which it has received documents. this field specifies either the documentary credit number assigned by the issuing bank or another reference assigned by the Sender. Field 20: Sender's TRN FORMAT 16x PRESENCE Mandatory DEFINITION If the message is sent by the issuing bank. 1 2 3 4 5 MT 732 Network Validated Rules There are no network validated rules for this message type. It is used to advise the Receiver that the documents received with discrepancies have been taken up. 11 September 2006 121 . NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). MT 732 Field Specifications 1. If the message is sent by a bank other than the issuing bank. MT 732 Format Specifications MT 732 Advice of Discharge Status M M M M O Tag 20 21 30 32B 72 Sender's TRN Presenting Bank's Reference Date of Advice of Payment/Acceptance/Negotiation Amount of Utilisation Sender to Receiver Information M = Mandatory O = Optional Field Name 16x 16x 6!n 3!a15d 6*35x Content/Options No. this field specifies the documentary credit number assigned by the issuing bank.

T43). The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. the Receiver of this message. T40. excluding any charges or deductions. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26).Documentary Credits and Guarantees for SWIFTStandards MT November 2006 2.Category 7 . 3!a15d (Currency) (Amount) 5. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). (Date) 4. 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. Field 21: Presenting Bank's Reference FORMAT 16x PRESENCE Mandatory DEFINITION This field specifies the reference which has been assigned by the presenting bank. 3. Field 30: Date of Advice of Payment/Acceptance/Negotiation FORMAT 6!n PRESENCE Mandatory DEFINITION This field specifies the date of the covering letter under which the documents were sent. ie.' is mandatory and is included in the maximum length. Field 32B: Amount of Utilisation FORMAT Option B PRESENCE Mandatory DEFINITION This field contains the currency code and amount of the drawing. structured text with the following line formats may be used: 122 Message Reference Guide . The decimal comma '.

advises Oesterreichische Laenderbank that documents have been presented by Bank Mees en Hope. must begin on a new line and be the last information in the field. Amsterdam. 705 and 710 related to this documentary credit. Vienna. Any code must be between slashes and must appear at the beginning of a line.000 plus charges totalling EUR 383.383. USAGE RULES The structured line format may be used for bilaterally agreed codes. the beneficiary. Amsterdam. 11 September 2006 123 . Amsterdam. if used.75) and requests its discharge. Amsterdam. please see the respective Example sections. 2003.75 (being EUR 100. Narrative text must not begin with a slash and. MT 732 Examples Example 1 Advice of Payment/Acceptance/Negotiation Narrative Oesterreichische Laenderbank issues its documentary credit number 12345 on behalf of ABC Company. The documents are sent to Vienna by mail. The advising bank for the credit is Amsterdam-Rotterdam Bank.) On July 26.MT 732 Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field specifies additional information for the Receiver. Amsterdam-Rotterdam Bank. Amdam Company. Amsterdam-Rotterdam Bank has debited the account of Oesterreichische Laenderbank (number 311248123) for Euro 100. and that they have been paid subject to one minor discrepancy (Oesterreichische Laenderbank shown as consignee). (To review the MT 700. banks with Bank Mees en Hope.

Category 7 . AMRONL2A 754 OELBATWW Format :73:CONFIRMATION FEE EUR250.75 :34A:030726NLG100383. Oesterreichische Laenderbank advises Amsterdam-Rotterdam Bank that the documents have been taken up and that Amsterdam-Rotterdam Bank is now discharged.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Information Flow Sender (Advising Bank) Amsterdam-Rotterdam Bank Amsterdam MT 754 SWIFT Message Explanation Sender Message Type Receiver Message Text Sender's Reference Documentary Credit Number Principal Amount Paid Charges Added :20:606487 :21:12345 :32B:EUR100000.75 :53B:/311248123 :72:WE NOTED FCR SHOWING YOURSELVES AS CONSIGNEE PLEASE DISCHARGE US SOONEST Total Amount Claimed Reimbursement Bank Sender to Receiver Info End of Message Text/Trailer Example 2 Advice of Discharge Narrative On receipt of the above message and the mailed documents. 124 D0070011 Receiver (Issuing Bank) Österreichische Länderbank Vienna Message Reference Guide . PAYMENT COMM EUR125. POSTAGE EUR8.

MT 732 Information Flow Sender (Issuing Bank) Österreichische Länderbank Vienna MT 732 SWIFT Message Explanation Sender Message Type Receiver Message Text Documentary Credit Number Presenting Bank's Reference Date of Advice of Payment Amount of Utilisation End of Message Text/Trailer :20:12345 :21:606487 :30:030726 :32B:EUR100000. OELBATWW 732 AMRONL2A Format 11 September 2006 D0070012 Receiver (Advising Bank) Amsterdam-Rotterdam Bank Amsterdam 125 .

The currency code in the amount fields 32A and 33a must be the same (Error code(s): C02). It is used to advise the Receiver that the Sender considers the documents. it refuses them for the discrepancies stated.Category 7 . consequently. 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.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 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 to a documentary credit. as they appear on their face. The Sender also states that it is holding the documents at the disposal of. 1 2 3 4 5 6 7 8 9 MT 734 Network Validated Rules C1 C2 If field 73 is present. field 33a must also be present (Error code(s): C17). MT 734 Format Specifications MT 734 Advice of Refusal Status M M M O O O O M M Tag 20 21 32A 73 33a 57a 72 77J 77B Sender's TRN Presenting Bank's Reference Date and Amount of Utilisation Charges Claimed Total Amount Claimed Account With Bank Sender to Receiver Information Discrepancies Disposal of Documents M = Mandatory O = Optional Field Name 16x 16x 6!n3!a15d 6*35x A or B A. or returning them to the Receiver. B or D 6*35x 40*35x 3*35x Content/Options No. Field 20: Sender's TRN FORMAT 16x 126 Message Reference Guide . This message type may also be used for claiming a refund. MT 734 Field Specifications 1. not to be in accordance with the terms and conditions of the credit and that.

3. 2. If the message is sent by a bank other than the issuing bank. 6!n3!a15d (Date) (Currency) (Amount) 11 September 2006 127 . NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). and 33a must be the same (Error code(s): C02). The integer part of Amount must contain at least one digit. The decimal comma '. this field specifies either the documentary credit number assigned by the issuing bank or another reference 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). this field specifies the documentary credit number assigned by the issuing bank. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. Currency in fields 32A. followed by the currency code and amount of the drawing. Field 21: Presenting Bank's Reference FORMAT 16x PRESENCE Mandatory DEFINITION This field specifies the reference which has been assigned by the presenting bank from which the documents have been received. T43). Currency must be a valid ISO 4217 currency code (Error code(s): T52).MT 734 PRESENCE Mandatory DEFINITION If the message is sent by the issuing bank. Field 32A: Date and Amount of Utilisation FORMAT Option A PRESENCE Mandatory DEFINITION This field specifies the date of the covering letter under which the documents were sent. T40. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50).' is mandatory and is included in the maximum length.

NETWORK VALIDATED RULES In option A. 6!n3!a15d 3!a15d (Date) (Currency) (Amount) (Currency) (Amount) 128 Message Reference Guide . option B must be used. Currency must be a valid ISO 4217 currency code (Error code(s): T52). if any. Any code used in this field must be between slashes and must appear at the beginning of a line. and 33a must be the same (Error code(s): C02). The integer part of Amount must contain at least one digit. The decimal comma '. Narrative text must not begin with a slash and. the following line formats may be used: Line 1 Lines 2-6: PRESENCE Optional DEFINITION This field specifies the charges claimed by the Sender. if used. Currency in fields 32A. including charges. /8a/[3!a13d] [additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) 5. specifying the value date of the debit. T43). When reimbursement of the amount claimed is requested. by the Sender of the message.' is mandatory and is included in the maximum length. USAGE RULES The structured line format may be used for bilaterally agreed codes. Field 73: Charges Claimed FORMAT 6*35x (Narrative) In addition to narrative text. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. option A must be used.Category 7 . must begin on a new line and be the last information in the field. T40.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 4. Field 33a: Total Amount Claimed FORMAT Option A Option B PRESENCE Conditional (C1) DEFINITION This field contains the currency code and amount claimed. USAGE RULES When the amount claimed has been debited. Date must be a valid date expressed as YYMMDD (Error code(s): T50).

the absence of this field implies that the account relationship between the Sender and the Receiver is to be used.MT 734 6. Masters. USAGE RULES The structured line format may be used for bilaterally agreed codes. 11 September 2006 129 . USAGE RULES Where the message also represents a claim for refund. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field specifies additional information for the Receiver. T45). NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. Synonyms. T29. Please refer to the latest version of the BIC Directory . Any code must be between slashes and must appear at the beginning of a line. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. either connected or non-connected (Error code(s): T27. (Error code(s): C05). The BIC must not be a BEI. T28. 7. non-SWIFT BICs. must begin on a new line and be the last information in the field.Corporations for more information about BEIs. if used. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. Narrative text must not begin with a slash and. Live destinations and Test & Training destinations. Field 57a: Account With Bank FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION This field specifies the financial institution at which the amount claimed is to be remitted in favour of the Sender.

720 relating to this documentary credit. MT 734 Examples Narrative Royal Bank of Scotland. receives documentary credit number DAE74568 from Nederlandsche Middenstandsbank. issued on July 21. the following line formats may be used: Line 1 Lines 2-3 PRESENCE Mandatory DEFINITION This field contains information regarding the disposal of the documents. London. Narrative text must not begin with a slash and. Documents being returned to you. if used. Field 77J: Discrepancies FORMAT Option J PRESENCE Mandatory DEFINITION This field specifies the reason(s) for refusal of the document(s). Field 77B: Disposal of Documents FORMAT Option B 3*35x (Narrative) In addition to narrative text. (To review the MTs 700. 40*35x (Narrative) 9. Royal Bank of Scotland acknowledges the receipt of the credit with its reference IMP124678. /8c/[add'l information] [//add'l information] (Code) (Narrative) (Narrative) USAGE RULES Any code must be between slashes and must appear at the beginning of a line.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 8. indicating that it has added its confirmation to the credit. must begin on a new line and be the last information in the field. Its charges are to be settled at a later date. eg. CODES One of the following codes may be used: HOLD RETURN Documents held at your disposal. 730.Category 7 . 2003. Amsterdam. please see the respective Example sections) 130 Message Reference Guide . It may contain any type of instruction or information. discrepancies.

:33A:030927GBP123798. It advises Royal Bank of Scotland (September 21. reference IMP124678) that the documents presented have been refused owing to discrepancies: 1. 2.MT 734 Royal Bank of Scotland negotiates the credit. 2003. Partial shipment was effected. Information Flow Sender (Issuing Bank) Nederlandsche Middenstandsbank Amsterdam MT 734 SWIFT Message Explanation Sender Message Type Receiver Message Text Sender's TRN Presenting Bank's Reference Date/Amt of Utilisation (1) Charges Claimed :20:DAE74568 :21:IMP124678 NMBANL2A 734 RBOSGB2L Format :32A:030921GBP123675. 2003.675 + Cable 10 + Royal Bank of Scotland charges 95 + Interest 18) are to be credited to Nederlandsche Middenstandsbank's account value September 27. INTEREST GBP18. The documents are being held by Nederlandsche Middenstandsbank pending further instructions. :73:YOUR CHARGES GBP 95.798 (Drawings of 123. Nederlandsche Middenstandsbank. Charges and drawings totalling GBP 123. CABLE GBP10. determines the documents are in order and debits the account it services for Nederlandsche Middenstandsbank. Amsterdam disagrees and claims a refund. Total Amount Claimed 11 September 2006 D0070013 Receiver (Advising Bank) Royal Bank of Scotland London 131 . Declaration that vessel is running regular line service not presented.

Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Explanation Discrepancies Format :77J:PARTSHIPMENT EFFECTED DECLARATION THAT VESSEL IS RUNNING IN REGULAR LINE SERVICE NOT PRESENTED :77B:HOLDING DOCUMENTS AT YOUR DISPOSAL PENDING INSTRUCTIONS Disposal of Documents End of Message Text/Trailer (1) The date of the covering letter of the received documents and the amount of the drawing.Category 7 . 132 Message Reference Guide . excluding charges or deductions.

MT 740 Format Specifications MT 740 Authorisation to Reimburse Status M O M O O O M O O O M O O O O O O O Tag 20 25 40F 31D 58a 59 32B 39A 39B 39C 41a 42C 42a Field Name Documentary Credit Number Account Identification Applicable Rules Date and Place of Expiry Negotiating Bank Beneficiary Credit Amount Percentage Credit Amount Tolerance Maximum Credit Amount Additional Amounts Covered Available With … By … Drafts at… Drawee 16x 35x 30x 6!n29x A or D [/34x] 4*35x 3!a15d 2n/2n 13x 4*35x A or D 3*35x A or D 4*35x 4*35x 3!a 6*35x 6*35x Content/Options No. may be present (Error code(s): D05). The MT 740 authorises the reimbursing bank to debit the account of the Sender. or one of the Sender's branches if so indicated. for reimbursements effected in accordance with the instructions in the MT 740. 11 September 2006 133 . 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 42M Mixed Payment Details 42P 71A 71B 72 Deferred Payment Details Reimbursing Bank's Charges Other Charges Sender to Receiver Information M = Mandatory O = Optional MT 740 Network Validated Rules C1 Either field 39A or 39B. It is used to request the Receiver to honour claims for reimbursement of payment(s) or negotiation(s) under a documentary credit.MT 740 MT 740 Authorisation to Reimburse MT 740 Scope This message is sent by the issuing bank to the reimbursing bank. but not both.

NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). (Account) 3.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 C2 C3 C4 When used. Either fields 42C and 42a together.Category 7 . or field 42P alone may be present. may be present (Error code(s): D84). Field 40F: Applicable Rules FORMAT Option F PRESENCE Mandatory DEFINITION This field specifies the rules the credit is subject to. CODES One of the following codes must be used (Error code(s): T59). or field 42M alone. MT 740 Field Specifications 1. USAGE RULES The account specified may also be that of a branch of the Sender. No other combination of these fields is allowed (Error code(s): C90). Field 25: Account Identification FORMAT 35x PRESENCE Optional DEFINITION This field identifies the account which is to be debited for reimbursements. Field 20: Documentary Credit Number FORMAT 16x PRESENCE Mandatory DEFINITION This field specifies the documentary credit number which has been assigned by the Sender. 2. but not both. 30x (Applicable Rules) 134 Message Reference Guide . Either field 58a or 59. fields 42C and 42a must both be present (Error code(s): C90).

This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. (Error code(s): C05). Please refer to the latest version of the BIC Directory . T29. Live destinations and Test & Training destinations. USAGE RULES Option A is the preferred option. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. when the drawer is the negotiating bank. Masters. non-SWIFT BICs. T28. Field 58a: Negotiating Bank FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Conditional (C4) DEFINITION This field identifies the drawer of the drafts to be drawn on the reimbursing bank.MT 740 NOTURR URR LATEST VERSION The reimbursement under the credit is not subject to the ICC Uniform Rules for Bank-to-Bank Reimbursement. Field 31D: Date and Place of Expiry FORMAT Option D PRESENCE Optional DEFINITION This field specifies the latest date for presentation under the documentary credit and the place where documents must be presented. which is in effect on the date of issue. either connected or non-connected (Error code(s): T27. Synonyms. 6!n29x (Date) (Place) 5. 4. The BIC must not be a BEI. 11 September 2006 135 . The reimbursement under the credit is subject to the version of the ICC Uniform Rules for Bank-to-Bank Reimbursement. T45). Option D is only allowed when it is necessary to indicate a name and address or to indicate negotiating bank under freely negotiable credits.Corporations for more information about BEIs.

Documentary Credits and Guarantees for SWIFTStandards MT November 2006 6. 3!a15d (Currency) (Amount) 8. USAGE RULES Tolerance 1 specifies a positive tolerance. USAGE RULES Special information relative to the amount of the credit must be specified in field 39A Percentage Credit Amount Tolerance. Tolerance 2 specifies a negative tolerance. (Account) (Name & Address) 7.' is mandatory and is included in the maximum length. Field 39A: Percentage Credit Amount Tolerance FORMAT Option A PRESENCE Conditional (C1) DEFINITION This field specifies the tolerance relative to the documentary credit amount as a percentage plus and/or minus that amount. The drawer's address is optional.Category 7 . Field 59: Beneficiary FORMAT [/34x] 4*35x PRESENCE Conditional (C4) DEFINITION This field identifies the drawer of the drafts to be drawn on the reimbursing bank. The decimal comma '. T40. 2n/2n (Tolerance 1) (Tolerance 2) 136 Message Reference Guide . Field 32B: Credit Amount FORMAT Option B PRESENCE Mandatory DEFINITION This field contains the currency code and amount of the documentary credit. The name of the drawer is mandatory but can also be indicated as beneficiary in case of a transferable credit. field 39B Maximum Credit Amount or field 39C Additional Amounts Covered. when the drawer is the beneficiary. The integer part of Amount must contain at least one digit. T43). The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. USAGE RULES Account must not be present. NETWORK VALIDATED RULES Currency must be a valid ISO4217 currency code (Error code(s): T52).

etc. 13x (Code) 10. It is followed by how the credit is available eg. etc.MT 740 9. Field 41a: Available With… By… FORMAT Option A Option D 4!a2!a2!c[3!c] 14x 4*35x 14x (BIC) (Code) (Name & Address) (Code) PRESENCE Mandatory DEFINITION This field identifies the bank(s) authorised to claim reimbursement. CODES One of the following codes must be used in subfield 2. by acceptance. 14x (Error code(s): T68): BY ACCEPTANCE BY DEF PAYMENT BY MIXED PYMT BY NEGOTIATION BY PAYMENT 11 September 2006 137 . CODES The following code must be used (Error code(s): T01): NOT EXCEEDING Qualifies the documentary credit amount. 4*35x (Narrative) 11. Field 39C: Additional Amounts Covered FORMAT Option C PRESENCE Optional DEFINITION This field specifies any additional amounts covered such as insurance. interest. ie. freight. by payment. Field 39B: Maximum Credit Amount FORMAT Option B PRESENCE Conditional (C1) DEFINITION This field further qualifies the documentary credit amount.

Corporations for more information about BEIs. T45). Live destinations and Test & Training destinations. If the credit is to be freely negotiable by any bank anywhere in the world. (Error code(s): C05). When Code contains BY PAYMENT. When Code contains either BY DEF PAYMENT or BY MIXED PYMT.Category 7 . NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. Masters. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. Synonyms. T45). (Error code(s): C05). USAGE RULES If the credit is to be freely negotiable by any bank. non-SWIFT BICs. this should be understood to mean payment at sight. The BIC must not be a BEI. Live destinations and Test & Training destinations. either connected or non-connected (Error code(s): T27. Field 42a: Drawee FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Conditional (C2 and C3) DEFINITION This field identifies the drawee of the drafts to be drawn under the documentary credit. either connected or non-connected (Error code(s): T27. Please refer to the latest version of the BIC Directory . 138 Message Reference Guide . option D must be used with the phrase Any bank in… (city or country).Corporations for more information about BEIs. Please refer to the latest version of the BIC Directory . T29. 3*35x (Narrative) 13. T28. The BIC must not be a BEI. Synonyms. non-SWIFT BICs. Masters. T29. the specific details of the payment terms must be specified in fields 42P and 42M. T28.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. an indication of country is not required. Field 42C: Drafts at… FORMAT Option C PRESENCE Conditional (C2 and C3) DEFINITION This field specifies the tenor of drafts to be drawn under the documentary credit. 12.

Field 71B: Other Charges FORMAT Option B 6*35x (Narrative) In addition to narrative text. Field 42P: Deferred Payment Details FORMAT Option P PRESENCE Conditional (C3) DEFINITION This field specifies the payment date or method for its determination in a documentary credit which is available by deferred payment only. amounts and/or method for their determination in a documentary credit which is available by mixed payment. 3!a (Code) USAGE RULES The absence of this field implies that charges will be borne by the Sender of this message. 14. 4*35x (Narrative) 16. Field 42M: Mixed Payment Details FORMAT Option M PRESENCE Conditional (C3) DEFINITION This field specifies the payment dates. CODES One of the following codes may be used (Error code(s): T08): CLM OUR Charges are for the account of the bank claiming reimbursement. 17.MT 740 USAGE RULES Party Identifier must not be present. Charges are to be borne by the Sender. 4*35x (Narrative) 15. Field 71A: Reimbursing Bank's Charges FORMAT Option A PRESENCE Optional DEFINITION This field specifies by which party the reimbursing bank's charges are to be borne. the following line formats may be used: 11 September 2006 139 .

140 Message Reference Guide . followed by the currency code and amount: ACCECHGS DISCCHGS Acceptance Charges. 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. Narrative text must not begin with a slash and.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Line 1 Lines 2-6 PRESENCE Optional DEFINITION /8a/[3!a13d][additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) This field may only be used to indicate whether acceptance and/or discount charges are applicable and.Category 7 . Any code must be between slashes and must appear at the beginning of a line. if used. It may also be used to indicate if predebit notification from the reimbursing bank to the issuing bank is required. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. USAGE RULES Any code used in this field must be between slashes and must appear at the beginning of a line. the number and type. banking or calendar. must begin on a new line and be the last information in the field. 18. USAGE RULES When used to indicate if pre-debit notification from the reimbursing bank to the issuing bank is required. ie. if so. by which party these charges are to be borne. of days within which the issuing bank has to be notified should also be indicated. The structured line format may be used for bilaterally agreed codes. Discount Charges. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field contains any specific instructions for the reimbursing bank. CODES One or more of the following codes may be used.

) At the time the MT 700 is issued. Stockholm Claiming Bank (Available with) 41a MT 740 Generale Bank Brussels Receiver (Reimbursement Bank) 11 September 2006 D0070014 Manufacturers Hanover Trust Company New York 141 . Brussels. indicating that authorisation to reimburse is restricted to the credit amount and the claiming bank's acceptance commission. with all charges to be paid by the claiming bank. if used. At maturity of the draft. Skandinaviska sends an MT 740 Authorisation to Reimburse to Manufacturers Hanover Trust Company. New York. reimbursement is to be claimed at Manufacturers Hanover Trust Company. Brussels. to Generale Bank. New York.MT 740 Narrative text must not begin with a slash and. must begin on a new line and be the last information in the field. EXAMPLE :72:NOT SUBJECT TO ICC URR525 MT 740 Examples Narrative Skandinaviska Enskilda Banken issues its documentary credit number DC. (To review the MT 700/701 issuing this documentary credit see MT 700 and MT 701 Issue of a documentary credit. by acceptance. the advising bank.IMP 3410/3444. including the following details: Expiry Date: Place of Expiry: Amount: 30 July 2003 Brussels US Dollars 31. Information Flow Sender (Issuing Bank) (MT 700) Skandinaviska Enskilda Banken.500 The credit is available with Generale Bank.

:41A:GEBABEBB BY ACCEPTANCE :71A:CLM :72:RESTRICTED TO CLAIMING BANK'S ACCEPTANCE COMMISSION 142 Message Reference Guide .IMP 3410/3444 :32B:USD31500.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 SWIFT Message Explanation Sender Message Type Receiver Message Text Documentary Credit Number Credit Amount Available With… By… Reimbursing Bk's Charges Sender to Receiver Information End of Message Text/Trailer ESSESESS 740 MAHAUS33 Format :20:DC.Category 7 .

B or D A or D 6*35x Content/Options No. MT 742 Field Specifications 1. Field 20: Claiming Bank's Reference FORMAT 16x PRESENCE Mandatory 11 September 2006 143 . 1 2 3 4 5 6 7 8 9 10 11 MT 742 Network Validated Rules There are no network validated rules for this message type. MT 742 Format Specifications MT 742 Reimbursement Claim Status M M O M M O O M O O O Tag 20 21 31C 52a 32B 33B 71B 34a 57a 58a 72 Field Name Claiming Bank's Reference Documentary Credit Number Date of Issue Issuing Bank Principal Amount Claimed Additional Amount Claimed as Allowed for in Excess of Principal Amount Charges Total Amount Claimed Account With Bank Beneficiary Bank Sender to Receiver Information M = Mandatory O = Optional 16x 16x 6!n A or D 3!a15d 3!a15d 6*35x A or B A. as relevant to the reimbursing bank. It is used to claim reimbursement of payment(s) or negotiation(s) under a documentary credit.MT 742 MT 742 Reimbursement Claim MT 742 Scope This message is sent by the paying/negotiating bank to the bank authorised to reimburse the Sender for its payments/negotiations.

Field 31C: Date of Issue FORMAT Option C PRESENCE Optional DEFINITION This field specifies the date on which the issuing bank considers the documentary credit as being issued. T29. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). Field 52a: Issuing Bank FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Mandatory DEFINITION This field identifies the bank which has given the authorisation to reimburse. Field 21: Documentary Credit Number FORMAT 16x PRESENCE Mandatory DEFINITION This field specifies the documentary credit number which has been assigned by the bank which issued the authorisation to reimburse (issuing bank).Category 7 . 6!n (Date) 4. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. 3. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). T28. 144 Message Reference Guide .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 DEFINITION This field contains the reference which has been assigned to the transaction by the Sender. 2. either connected or non-connected (Error code(s): T27. T45).

The decimal comma '. Field 33B: Additional Amount Claimed as Allowed for in Excess of Principal Amount FORMAT Option B PRESENCE Optional DEFINITION This field specifies any additional amount(s) paid/negotiated on the strength of special authorisation. The integer part of Amount must contain at least one digit. 5. T40. 3!a15d (Currency) (Amount) 6. then this field must indicate the currency of the amount claimed.' is mandatory and is included in the maximum length. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). USAGE RULES If the amount claimed is in a currency other than the currency of the credit. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. T40. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs.Corporations for more information about BEIs. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03.' is mandatory and is included in the maximum length. this field must indicate the currency of the amount claimed. (Error code(s): C05). Details of the conversion and the amount deducted from the outstanding balance of the documentary credit must be given in field 72. Live destinations and Test & Training destinations. Masters.MT 742 The BIC must not be a BEI. non-SWIFT BICs. Details of the conversion and the amount deducted from the outstanding balance of the documentary credit must be given in field 72. Field 32B: Principal Amount Claimed FORMAT Option B PRESENCE Mandatory DEFINITION This field contains the currency code and amount of principal claimed by the Sender of the message. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). Synonyms. such as specifications provided in field 39C of the MT 700. USAGE RULES If the amount claimed is in a currency other than the currency of the credit. It is the amount which is to be deducted from the outstanding balance of the documentary credit. The decimal comma '. 3!a15d (Currency) (Amount) 11 September 2006 145 . Please refer to the latest version of the BIC Directory . The integer part of Amount must contain at least one digit. T43). T43).

if used.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 7. 6!n3!a15d 3!a15d (Date) (Currency) (Amount) (Currency) (Amount) 146 Message Reference Guide . NETWORK VALIDATED RULES In option A. must begin on a new line and be the last information in the field. the following line formats may be used: Line 1 Lines 2-6 PRESENCE Optional DEFINITION This field is used to identify charges which have been added or deducted by the Sender. Narrative text must not begin with a slash and. Field 71B: Charges FORMAT Option B 6*35x (Narrative) In addition to narrative text. Currency must be a valid ISO 4217 currency code (Error code(s): T52). Date must be a valid date expressed as YYMMDD (Error code(s): T50). 8. followed by the currency code and amount: AGENT COMM CORCOM DISC INSUR POST STAMP TELECHAR WAREHOUS Agent's commission Our commission Our correspondent's commission Commercial discount Insurance premium Our postage Stamp duty Teletransmission charges Wharfing and warehouse /8a/[3!a13d][additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) USAGE RULES Any code used in this field must be between slashes and must appear at the beginning of a line. CODES One or more of the following codes may be used. Field 34a: Total Amount Claimed FORMAT Option A Option B PRESENCE Mandatory DEFINITION This field specifies the currency code and total amount claimed from the reimbursing bank.Category 7 .

Corporations for more information about BEIs. USAGE RULES This field is the total of the amounts in fields 32B and 33B. T28. in favour of the Sender of this message. T45). 10. Masters. either connected or non-connected (Error code(s): T27. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. T28. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. Field 58a: Beneficiary Bank FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION This field identifies the branch or affiliate bank of the Sender. Synonyms. T40. T29. The BIC must not be a BEI. 9. and any charges specified in field 71B. (Error code(s): C05). Please refer to the latest version of the BIC Directory . Live destinations and Test & Training destinations. non-SWIFT BICs. as specified in field 58a. if different from the Receiver.' is mandatory and is included in the maximum length.MT 742 The integer part of Amount must contain at least one digit. T29. at which the Receiver is requested to remit the total amount claimed. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. The decimal comma '. Field 57a: Account With Bank FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION This field identifies the bank. or its branch or affiliate bank. in favour of which the total amount claimed is to be transferred. either connected or non-connected (Error code(s): T27. T45). 11 September 2006 147 . NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. T43).

New York. non-SWIFT BICs.Category 7 . Masters. where there are multiple account relationships between the Sender and the Receiver or the account with bank. Live destinations and Test & Training destinations. ie. Please refer to the latest version of the BIC Directory . Synonyms. this field will be used to identify that branch or affiliate and its account serviced by the Receiver. In this case. USAGE RULES Any code must be between slashes and must appear at the beginning of a line. (Error code(s): C05). Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. 11. Narrative text must not begin with a slash and. must begin on a new line and be the last information in the field. if used. MT 742 Examples Example 1 Issue of a Documentary Credit Narrative On 7 June 2003. option A. the specific account to be credited. and in the account number line.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 The BIC must not be a BEI.Corporations for more information about BEIs. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field contains instructions or additional information for the Receiver. field 57a should not be present. 148 Message Reference Guide . Chemical Bank. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. this field shall specify the Sender's SWIFT address. Munich. Additionally. CODES The following code may be used: REIMBREF Reimbursing bank's reference. issues its documentary credit number IMP 693/70224 to Deutsche Bank AG. USAGE RULES If the account of a branch or an affiliate of the Sender is to be credited by the Receiver.

Frankfurt. 724 Seventh Avenue. showing goods addressed to Macy's Reimbursement will be provided through Chemical Bank. The credit is in favour of Deutsche Steins AG.000 of model B324 The credit expires on 7 September 2003.MT 742 This credit is issued on behalf of Macy's.000. New York. covering 10.000 of model B337 5. Muenchering. in the amount of Euro 95.000 beer mugs: 5. Information Flow Applicant 50 Macy's New York Sender (Issuing Bank) (MT 740) Chemical Bank New York Reimbursement Bank 53a MT 700 Chemical Bank Frankfurt Receiver (Advising Bank) Deutsche Bank Munich Beneficiary 59 Deutsche Steins AG Munich D0070015 SWIFT Messages Message A (MT 700) Explanation Sender Message Type Receiver Message Text Sequence of Total :27:1/1 CHEMUS33 700 DEUTDEMM Format 11 September 2006 149 . Munich. The following documents are required: Signed commercial invoice in quintuplicate Forwarding Agent's Certificate of Receipt.

Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Explanation Form of Documentary Credit Documentary Credit Number Date of Issue Date and Place of Expiry Applicant Format :40A:IRREVOCABLE :20:IMP 693/70224 :31C:030607 :31D:030907MUNICH :50:MACY'S 724 SEVENTH AVENUE NEW YORK :59:DEUTSCHE STEINS AG MUENCHERING MUNICH :32B:EUR95000. :41A:DEUTDEMM BY PAYMENT CHEMUS33 740 CHEMDEFF Format 150 Message Reference Guide .000 BEER MUGS MODEL B337 +5.Category 7 . :41A:DEUTDEMM BY PAYMENT :44A:MUNICH :44B:NEW YORK :45A:5.000 BEER MUGS MODEL B324 :46A:+SIGNED COMMERCIAL INVOICE IN QUINTUPLICATE +FORWARDING AGENTS CERTIFICATE OF RECEIPT SHOWING GOODS ADDRESSED TO MACYS :49:WITHOUT :53A:CHEMDEFF Beneficiary Currency Code/Amount Available With…By… Taking in Charge … For Transportation to … Description of Goods Documents Required Confirmation Instructions Reimbursement Bank End of Message Text/Trailer Message B (MT 740) Explanation Sender Message Type Receiver Message Text Documentary Credit Number Credit Amount Available With… By… End of Message Text/Trailer :20:IMP 693/70224 :32B:EUR95000.

Frankfurt. asking that it pay Deutsche Bank. Munich's account number 700-373473 at Deutsche Bank. The amount claimed includes the total credit amount of EUR 95.000 and EUR 200 charges for commission.MT 742 Example 2 Reimbursement Claim Narrative On 23 August 2003. Deutsche Bank. Information Flow Issuing Bank 52a (MT 700) Chemical Bank New York Sender (Paying Bank) Deutsche Bank Munich (MT 740) MT 742 Receiver (Reimbursement Bank) Chemical Bank Frankfurt Account With Bank 57a Deutsche Bank Frankfurt Beneficiary Bank 58a SWIFT Message (MT 742) Explanation Sender Message Type Receiver Message Text Claiming Bank's Reference Documentary Credit Number :20:CL934372 DEUTDEMMA 742 CHEMDEFF Format :21:IMP 693/70224 11 September 2006 D0070016 Deutsche Bank Munich 151 . requests reimbursement from Chemical Bank. Frankfurt. Munich.

Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Explanation Date of Issue Issuing Bank Principal Amount Claimed Charges Total Amount Claimed Account With Bank Beneficiary Bank End of Message Text/Trailer :31C:030607 :52A:CHEMUS33 :32B:EUR95000.Category 7 . :57A:DEUTDEFF :58A:/700-373473 DEUTDEMM 152 Message Reference Guide . Format :71B:/COMM/EUR200. :34B:EUR95200.

33B. 39C. MT 747 Format Specifications MT 747 Amendment to an Authorisation to Reimburse Status M O M O O O O O O O O O Tag 20 21 30 31E 32B 33B 34B 39A 39B 39C 72 77A Field Name Documentary Credit Number Reimbursing Bank's Reference Date of the Original Authorisation to Reimburse New Date of Expiry Increase of Documentary Credit Amount Decrease of Documentary Credit Amount New Documentary Credit Amount After Amendment Percentage Credit Amount Tolerance Maximum Credit Amount Additional Amounts Covered Sender to Receiver Information Narrative M = Mandatory O = Optional 16x 16x 6!n 6!n 3!a15d 3!a15d 3!a15d 2n/2n 13x 4*35x 6*35x 20*35x Content/Options No. 33B and 34B must be the same (Error code(s): C02). then field 34B must also be present (Error code(s): C12). 39A. may be present (Error code(s): D05). 34B.MT 747 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 the reimbursing bank. 11 September 2006 153 . 72 or 77A must be present (Error code(s): C15). If field 34B is present. The amendment is to be considered as part of the authorisation to reimburse. 39B. but not both. 32B. It is used to inform the Receiver about amendments to the terms and conditions of the credit relevant to the authorisation to reimburse. either field 32B or 33B must also be present (Error code(s): C12). 1 2 3 4 5 6 7 8 9 10 11 12 MT 747 Network Validated Rules C1 C2 C3 C4 C5 At least one of the fields 31E. If either field 32B or 33B is present. Either field 39A or 39B. The currency code in the amount fields 32B.

assigned by the Receiver of the message. All other amendments must be specified in field 77A. MT 747 Field Specifications 1. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26).Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 747 Usage Rules • • • Terms and conditions which are not mentioned in the amendment message remain unchanged. The MT 747 must therefore be used. 2. Field 30: Date of the Original Authorisation to Reimburse FORMAT 6!n PRESENCE Mandatory DEFINITION This field specifies the date on which the original authorisation to reimburse was sent. 3. Field 21: Reimbursing Bank's Reference FORMAT 16x PRESENCE Optional DEFINITION This field contains the reference number. (Date) 154 Message Reference Guide . There are special fields for amendments to the date of expiry and for increases or decreases in the amount of the documentary credit. Field 20: Documentary Credit Number FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the documentary credit number which has been assigned by the issuing bank. The cancellation of an MT 740 Authorisation to Reimburse takes the form of an amendment. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26).

T40. 3!a15d (Currency) (Amount) 6. 4. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). C3 and C5) DEFINITION This field contains the currency code and amount by which the documentary credit amount has been increased. Field 31E: New Date of Expiry FORMAT Option E PRESENCE Conditional (C1) DEFINITION This field specifies the new. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52).' is mandatory and is included in the maximum length.MT 747 NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). C3 and C5) DEFINITION This field contains the currency code and amount by which the documentary credit amount has been decreased. expiry date for presentation under the documentary credit. T43). NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). Currency in fields 32B. 3!a15d (Currency) (Amount) 11 September 2006 155 . 6!n (Date) 5. Field 33B: Decrease of Documentary Credit Amount FORMAT Option B PRESENCE Conditional (C1. revised. ie. 33B and 34B must be the same (Error code(s): C02). The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. The decimal comma '. Field 32B: Increase of Documentary Credit Amount FORMAT Option B PRESENCE Conditional (C1. The integer part of Amount must contain at least one digit. USAGE RULES Currency of any increase in the credit must be in the same currency as that of the original credit.

' is mandatory and is included in the maximum length.Category 7 . Field 39A: Percentage Credit Amount Tolerance FORMAT Option A PRESENCE Conditional (C1 and C4) DEFINITION Where the credit amount tolerance is being amended. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). 33B and 34B must be the same (Error code(s): C02). USAGE RULES Currency of any decrease in the credit must be in the same currency as that of the original credit. disregarding any drawings on the credit. Currency in fields 32B. Field 34B: New Documentary Credit Amount After Amendment FORMAT Option B PRESENCE Conditional (C1. USAGE RULES Tolerance 1 specifies a positive tolerance. 7. 33B and 34B must be the same (Error code(s): C02). Currency in fields 32B. T40. this field specifies the new tolerance relative to the documentary credit amount as a percentage plus and/or minus that amount. 2n/2n (Tolerance 1) (Tolerance 2) 9. Field 39B: Maximum Credit Amount FORMAT Option B PRESENCE Conditional (C1 and C4) 13x (Code) 156 Message Reference Guide .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 The integer part of Amount must contain at least one digit. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. USAGE RULES Currency of the new documentary credit must be in the same currency as that of the original credit. The decimal comma '. 3!a15d (Currency) (Amount) 8. T43). The decimal comma '. C2 and C5) DEFINITION This field contains the currency code and total amount of the documentary credit after the amendment. The integer part of Amount must contain at least one digit. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03.' is mandatory and is included in the maximum length. T40. Tolerance 2 specifies a negative tolerance. T43).

4*35x (Narrative) 11. interest. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. USAGE RULES This field should also be used to indicate if pre-debit notification from the reimbursing bank to the issuing bank is required. CODES The following code must be used (Error code(s): T01): NOT EXCEEDING Qualifies the documentary credit amount. Field 39C: Additional Amounts Covered FORMAT Option C PRESENCE Conditional (C1) DEFINITION This field specifies amendments to any additional amounts covered such as insurance. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Conditional (C1) DEFINITION This field contains instructions or additional information for the Receiver. 10. Narrative text must not begin with a slash and. freight. ie. of days within which the issuing bank must be notified should also be indicated. The number and type. Any code must be between slashes and must appear at the beginning of a line. 11 September 2006 157 . etc. if used.MT 747 DEFINITION This field further qualifies the documentary credit amount. must begin on a new line and be the last information in the field. banking or calendar. CODES The following code may be used: CANC The reimbursement authorisation is cancelled for the unutilised portion of the credit to which it refers.

750.) On 21 May 2003.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 12. New York of the following changes to the terms and conditions of the documentary credit: • • The expiry date of the credit has been extended to 30 September 2003. Field 77A: Narrative FORMAT Option A PRESENCE Conditional (C1) DEFINITION This field specifies amendments for which no other specific field has been included in the message. Information Flow Sender (Issuing Bank) Skandinaviska Enskilda Banken Stockholm MT 747 158 D0070017 Receiver (Reimbursement Bank) Manufacturers Hanover Trust Company New York Message Reference Guide . to Generale Bank. (To review the MT 700/701 issuing this documentary credit and the MT 740 authorising reimbursement. The amount of the credit has been increased by USD 3. the advising bank. Skandinaviska Enskilda Banken notifies Manufacturers Hanover Trust Company.IMP 3410/3444. please see the respective Example sections. New York. Skandinaviska Enskilda Banken issues its documentary credit number DC. 20*35x (Narrative) MT 747 Examples Narrative On 17 May 2003.Category 7 . Brussels.250 to USD 34. and its authorisation to reimburse to Manufacturers Hanover Trust Company.

:34B:USD34750.MT 747 SWIFT Message Explanation Sender Message Type Receiver Message Text Sender's Reference Date of Original Authorisation to Reimburse New Date of Expiry Increase of D/C New D/C Amount End of Message Text/Trailer ESSESESS 747 MAHAUS33 Format :20:DC. 11 September 2006 159 .IMP 3410/3444 :30:030517 :31E:030930 :32B:USD3250.

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. 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. to the issuing bank. a negative reply to the request may be provided using an MT 796 Answers. MT 750 Field Specifications 1.Category 7 . B or D 6*35x 40*35x Content/Options No. field 34B must also be present (Error code(s): C13). 1 2 3 4 5 6 7 8 9 10 MT 750 Network Validated Rules C1 C2 If field 33B and/or field 71B and/or field 73 is/are present. MT 750 Format Specifications MT 750 Advice of Discrepancy Status M M M O O O O O O M Tag 20 21 32B 33B 71B 73 34B 57a 72 77J Sender's Reference Related Reference Principal Amount Additional Amount Charges to be Deducted Charges to be Added Total Amount to be Paid Account With Bank Sender to Receiver Information Discrepancies M = Mandatory O = Optional Field Name 16x 16x 3!a15d 3!a15d 6*35x 6*35x 3!a15d A.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 750 Advice of Discrepancy MT 750 Scope This message is sent by the bank to which documents have been presented. The currency code in the amount fields 32B and 34B must be the same (Error code(s): C02). Field 20: Sender's Reference FORMAT 16x 160 Message Reference Guide . It may also be sent to a bank nominated to pay/accept/negotiate/incur a deferred payment undertaking.

MT 750 PRESENCE Mandatory DEFINITION This field contains the reference number which has been assigned by the Sender. Field 32B: Principal Amount FORMAT Option B PRESENCE Mandatory DEFINITION This field contains the currency code and amount to be deducted from the outstanding balance of the documentary credit. If the message is sent to a bank other than the issuing bank. this field contains the documentary credit number assigned by the issuing bank. Field 21: Related Reference FORMAT 16x PRESENCE Mandatory DEFINITION If the message is sent to the issuing bank. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03). NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). this field contains either the documentary credit number 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 '//' (Error code(s): T26). 3.' is mandatory and is included in the maximum length. The integer part of Amount must contain at least one digit. Field 33B: Additional Amount FORMAT Option B 3!a15d (Currency) (Amount) 11 September 2006 161 . 2. or another reference meaningful to the Receiver. The decimal comma '. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). Currency in fields 32B and 34B must be the same (Error code(s): C02). 3!a15d (Currency) (Amount) 4.

followed by the currency code and amount: AGENT COMM CORCOM DISC INSUR POST STAMP TELECHAR WAREHOUS Agent's commission Our commission Our correspondent's commission Commercial discount Insurance premium Our postage Stamp duty Teletransmission charges Wharfing and warehouse /8a/[3!a13d][additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) USAGE RULES Any code used in this field must be between slashes and must appear at the beginning of a line. an explanation of any currency conversion(s) must be specified in field 72. USAGE RULES Currency may be different from the currency in field 32B. eg. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. if used. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). Field 71B: Charges to be Deducted FORMAT Option B 6*35x (Narrative) In addition to narrative text. 5.Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 PRESENCE Optional DEFINITION This field specifies any additional amount(s) as allowed for in the credit. The integer part of Amount must contain at least one digit. CODES One or more of the following codes may be used. the following line formats may be used: Line 1 Lines 2-6 PRESENCE Optional DEFINITION This field specifies charges which have been deducted from the amount of the drawing. insurance. 162 Message Reference Guide . The decimal comma '. In this event. T40. must begin on a new line and be the last information in the field. Narrative text must not begin with a slash and. T43).' is mandatory and is included in the maximum length.

' is mandatory and is included in the maximum length. USAGE RULES The structured format may be used with bilaterally agreed codes. T40. The integer part of Amount must contain at least one digit. 3!a15d (Currency) (Amount) 8. Field 73: Charges to be Added FORMAT 6*35x (Narrative) In addition to narrative text. Field 57a: Account With Bank FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) 11 September 2006 163 . must begin on a new line and be the last information in the field. Currency in fields 32B and 34B must be the same (Error code(s): C02). T43). Any code used in this field must be between slashes and must appear at the beginning of a line. the following line formats may be used: Line 1 Lines 2-6: PRESENCE Optional DEFINITION This field specifies the charges which have been added to the amount of the drawing. Narrative text must not begin with a slash and. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). /8a/[3!a13d] [additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) 7.MT 750 6. The decimal comma '. Field 34B: Total Amount to be Paid FORMAT Option B PRESENCE Conditional (C1) DEFINITION This field contains the currency code and total amount to be remitted to the Sender of the message. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. if used.

(Error code(s): C05). Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. Synonyms.Category 7 . 9. Please refer to the latest version of the BIC Directory . if used. T45). Live destinations and Test & Training destinations. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. the following line formats may be used: Line 1 /8a/[add'l information] (Code) (Narrative) 164 Message Reference Guide . USAGE RULES The structured line format may be used for bilaterally agreed codes. non-SWIFT BICs. T28. USAGE RULES If there is a direct account relationship in the currency of the claim between the Sender and the Receiver. Masters.Corporations for more information about BEIs. 10. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. T29. Narrative text must not begin with a slash and.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 PRESENCE Optional DEFINITION This field identifies the bank at which any amounts due are to be remitted in favour of the Sender. must begin on a new line and be the last information in the field. either connected or non-connected (Error code(s): T27. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field contains instructions or additional information for the Receiver. Field 77J: Discrepancies FORMAT Option J 40*35x (Narrative) In addition to narrative text. The BIC must not be a BEI. the absence of field 57a implies that this account relationship will be used in settlement of the amount to be remitted to the Sender. Any code must be between slashes and must appear at the beginning of a line.

On 21 May 2003. Generale Bank requests authorisation (reference EXP98734) to accept a draft for the full credit amount due 18 September 2003. the advising bank. Any code must be between slashes and must appear at the beginning of a line. (To review the MT 700/701 issuing this documentary credit and the MT 707 amending it see the respective Example sections. New York. Skandinaviska Enskilda Banken issues its documentary credit number DC. Skandinaviska Enskilda Banken notifies Generale Bank that the expiry date of the credit has been extended to 30 September 2003 and the amount has been increased to USD 34. and its authorisation to reimburse to Manufacturers Hanover Trust Company.MT 750 Line 2-40 [//add'l information] or /8a/[add'l information] (Narrative) (Code) (Narrative) PRESENCE Mandatory DEFINITION This field specifies the discrepancy(ies) of the document(s). must begin on a new line and be the last information in the field. Generale Bank advises Skandinaviska Enskilda Banken that the documents have been presented with the following discrepancies: • • Copy of consular invoice was not presented Copy letter from beneficiary's does not show original consular invoice airmailed to applicant. to Generale Bank.IMP 3410/3444.) On 23 August 2003. Narrative text must not begin with a slash and. USAGE RULES The structured line format may be used for bilaterally agreed codes.750. if used. Brussels. 11 September 2006 165 . MT 750 Examples Narrative On 17 May 2003.

:77J:COPY CONSULAR INVOICE NOT PRESENTED AND COPY LETTER FROM BENEFICIARY'S TO APPLICANT DOES NOT SHOW ORIGINAL CONSULAR INVOICE AIRMAILED TO APPLICANT End of Message Text/Trailer 166 D0070018 Receiver (Issuing Bank) Skandinaviska Enskilda Banken.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Information Flow Sender (Presenting Bank) Generale Bank Brussels MT 750 SWIFT Message Explanation Sender Message Type Receiver Message Text Sender's Reference Related Reference Principal Amount Discrepancies :20:EXP98734 GEBABEBB 750 ESSESESS Format :21:DC.IMP 3410/3444 :32B:USD34750.Category 7 . Stockholm Message Reference Guide .

The code RCB may only be used in field 72 if both fields 53a and 54a are present in the message. these banks are specified in fields 53a and 54a. 1 2 3 4 5 6 7 8 9 10 MT 752 Network Validated Rules C1 C2 If fields 32B and 71B are both present. Accept or Negotiate Status M M M M O O O O O O Tag 20 21 23 30 32B 71B 33a 53a 54a 72 Field Name Documentary Credit Number Presenting Bank's Reference Further Identification Date of Advice of Discrepancy or Mailing Total Amount Advised Charges Deducted Net Amount Sender's Correspondent Receiver's Correspondent Sender to Receiver Information M = Mandatory O = Optional 16x 16x 16x 6!n 3!a15d 6*35x A or B A. then field 33a must also be present (Error code(s): C18).MT 752 MT 752 Authorisation to Pay. 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 of Discrepancy or otherwise. or the nominated bank if so authorised by the issuing bank. MT 752 Usage Rules • • When cover is to be remitted via other banks. Accept or Negotiate MT 752 Scope This message is sent by the issuing bank. It is used to advise the Receiver that documents may be taken up. 11 September 2006 167 . B or D A. notwithstanding the discrepancies. MT 752 Format Specifications MT 752 Authorisation to Pay. The currency code in the amount fields 32B and 33a must be the same (Error code(s): C02). B or D 6*35x Content/Options No. provided they are otherwise in order.

168 Message Reference Guide . Field 21: Presenting Bank's Reference FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the reference number which has been assigned by the presenting bank (Receiver). 3. Conveys an authorisation to negotiate the documents with discrepancies in those cases where the original credit provides no specific reimbursement instructions or payment provisions. Conveys an authorisation to debit the account of the issuing bank. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26).Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 752 Field Specifications 1.Category 7 . Field 20: Documentary Credit Number FORMAT 16x PRESENCE Mandatory DEFINITION This field specifies the documentary credit number which has been assigned by the issuing bank. 2. CODES One of the following codes must be used: ACCEPT DEBIT NEGOTIATE Conveys an authorisation to accept a draft. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). Field 23: Further Identification FORMAT 16x PRESENCE Mandatory DEFINITION This field further identifies the purpose of the message.

NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). field 33A must be present. Currency in fields 32B and 33a must be the same (Error code(s): C02). eg.' is mandatory and is included in the maximum length. USAGE RULES When code is REMITTED. the following line formats may be used: Line 1 Lines 2-6 /8a/[3!a13d][additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) 11 September 2006 169 . T40. The decimal comma '. Field 32B: Total Amount Advised FORMAT Option B PRESENCE Optional DEFINITION This field contains the currency code and total amount advised by the presenting bank.MT 752 REIMBURSE REMITTED SEE72 Conveys an authorisation to the presenting bank to claim reimbursement. specifying the value date of the remittance and the amount. Conveys an authorisation and/or payment which is a mixture of the above. Is used to pay the presenting bank. (Date) 5. either electronically or by mail. Field 30: Date of Advice of Discrepancy or Mailing FORMAT 6!n PRESENCE Mandatory DEFINITION This field specifies the date on which the advice of discrepancy was sent. The integer part of Amount must contain at least one digit. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). Field 71B: Charges Deducted FORMAT Option B 6*35x (Narrative) In addition to narrative text. field 34B from the MT 750. T43). or a special version of one of them and the conditions are explained in field 72. 4. 3!a15d (Currency) (Amount) 6.

Category 7 .' is mandatory and is included in the maximum length. T40. T43). Narrative text must not begin with a slash and. followed by the currency code and amount: AGENT COMM CORCOM DISC INSUR POST STAMP TELECHAR WAREHOUS Agent's commission Our commission Our correspondent's commission Commercial discount Insurance premium Our postage Stamp duty Teletransmission charges Wharfing and warehouse USAGE RULES Any code used in this field must be between slashes and must appear at the beginning of a line. option A must be used. The integer part of Amount must contain at least one digit. Currency in fields 32B and 33a must be the same (Error code(s): C02). from the total amount advised. by the Sender of the message. USAGE RULES When REMITTED is specified in field 23.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 PRESENCE Optional DEFINITION This field is used to specify the charges which have been deducted. specifying the value date on which the net amount was or will be remitted. must begin on a new line and be the last information in the field. NETWORK VALIDATED RULES In option A. Currency must be a valid ISO 4217 currency code (Error code(s): T52). The decimal comma '. CODES One or more of the following codes may be used. if used. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. 6!n3!a15d 3!a15d (Date) (Currency) (Amount) (Currency) (Amount) 170 Message Reference Guide . 7. Field 33a: Net Amount FORMAT Option A Option B PRESENCE Conditional (C1) DEFINITION This field specifies the currency code and net amount that was or will be remitted or is to be claimed. Date must be a valid date expressed as YYMMDD (Error code(s): T50). and possibly a value date.

The BIC must not be a BEI.MT 752 When DEBIT is specified in field 23. T29. Masters. this field specifies the account or branch of the Sender or another bank through which the Sender will reimburse the Receiver. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. T45). Live destinations and Test & Training destinations. Field 54a: Receiver's Correspondent FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION Where required. either connected or non-connected (Error code(s): T27. Live destinations and Test & Training destinations. 9. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. this field specifies the branch of the Receiver or another financial institution at which the funds will be made available to the Receiver. T45). (Error code(s): C05). Please refer to the latest version of the BIC Directory . T28. Masters. Synonyms. The BIC must not be a BEI. specifying the value date on which the account of the issuing bank is to be debited with the net amount. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs.Corporations for more information about BEIs. T28. non-SWIFT BICs. (Error code(s): C05). Synonyms. T29. either connected or non-connected (Error code(s): T27. non-SWIFT BICs.Corporations for more information about BEIs. Field 53a: Sender's Correspondent FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION Where required. Please refer to the latest version of the BIC Directory . 8. 11 September 2006 171 . option A must be used.

followed by the BIC of the Receiver's branch or other bank. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. (To review the details of this credit. as specified in the chapter entitled “Euro . Munich.Category 7 .) 172 Message Reference Guide . Narrative text must not begin with a slash and. This field may include ERI. this financial institution. the intermediary institution. followed by the BIC code (or narrative name and address) of the Receiver's correspondent. if used. ie. through a financial institution other than the one indicated in field 53a. must begin on a new line and be the last information in the field. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field contains instructions or additional information for the Receiver. should be specified in field 54a. CODES The following code may be used: RCB Receiver's Correspondent Bank USAGE RULES The structured line format may also be used for bilaterally agreed codes. When there is an intermediary bank between the Sender's and Receiver's correspondent. Remark that the code RCB may only be used if both fields 53a and 54a are present. Field 72 must in this case contain the code RCB (Receiver's Correspondent Bank).Impact on SWIFT Message Standards”. 10.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 USAGE RULES In those cases where funds will be made available to the Receiver at its branch or another bank. Chemical Bank. MT 752 Examples Example 1 Message A Advice of Discrepancy MT 750 Narrative On 7 June 2003. see the Example section of MT 742. New York issues its documentary credit number IMP 693/70224 to Deutsche Bank. Any code must be between slashes and must appear at the beginning of a line. this field should contain the code RCB.

Accept or Negotiate. 11 September 2006 D0070019 Receiver (Issuing Bank) Chemical Bank New York 173 . Chemical Bank. sends Deutsche Bank. Deutsche Bank.MT 752 The mugs were delivered to the forwarding agent and a sight draft was presented to Deutsche Bank. Munich. New York. New York. requests authorisation (Reference DIS93708) to pay the draft for the full credit amount. advising it to pay and accept the draft. Information Flow Sender (Paying Bank) Deutsche Bank Munich MT 750 SWIFT Message Explanation Sender Message Type Receiver Message Text Presenting Bank's Reference Related Reference Principal Amount Discrepancies End of Message Text/Trailer :20:DIS93708 DEUTDEMM 750 CHEMUS33 Format :21:IMP 693/70224 :32B:EUR95000. advising that the documents have been presented with the following discrepancy: • Three (3) versus five (5) commercial invoices were presented. after examining the documents. Accept or Negotiate Narrative On 16 August 2003. On 15 August 2003. Munich an MT 752 Authorisation to Pay. Deutsche Bank sends an MT 750 Advice of Discrepancy to Chemical Bank. :77A:THREE (3) COMMERCIAL INVOICES INSTEAD OF FIVE (5) PRESENTED Message B Authorisation to Pay. Munich.

(To review the MT 700. Generale Bank request authorisation to accept the draft for the full credit amount.Category 7 . Brussels.) On 25 August 2003.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Information Flow Sender (Issuing Bank) Chemical Bank New York (MT 750) MT 752 SWIFT Message Explanation Sender Message Type Receiver Message Text Documentary Credit Number Presenting Bank's Reference Further Identification Date of Adv of Discrepancy End of Message Text/Trailer CHEMUS33 752 DEUTDEMM Format :20:IMP 693/70224 :21:DIS93708 :23:ACCEPT :30:030815 Example 2 Message A Authorisation to Pay. Accept or Negotiate Narrative On 17 May 2002. 701. see the respective Example sections. 707 and 750 relating to this documentary credit. Skandinaviska Enskilda Banken issues its documentary credit number DC.IMP 3410/3444 to Generale Bank. 174 D0070020 Receiver (Paying Bank) Deutsche Bank Munich Message Reference Guide . On 23 August 2003. Skandinaviska Enskilda Banken authorises Generale Bank to accept the draft.

Generale Bank requests Manufacturers Hanover Trust Company to credit its account in reimbursement. Stockholm (MT 750) MT 752 SWIFT Message Explanation Sender Message Type Receiver Message Text Documentary Credit Number Presenting Bk's Reference Further Identification Date of Advice of Discrep.IMP 3410/3444 :21:EXP98734 :23:ACCEPT :30:030823 Message B Reimbursement Claim Narrative On the maturity date of the draft. 11 September 2006 D007D021 Receiver (Presenting Bank) Generale Bank Brussels 175 . Commission charges of USD 36 have been added to the total amount of the credit. End of Message Text/Trailer ESSESESS 752 GEBABEBB Format :20:DC.MT 752 Information Flow Sender (Issuing Bank) Skandinaviska Enskilda Banken.

176 D0070022 Receiver (Reimbursement Bank) Manufacturers Hanover Trust Company New York Message Reference Guide .IMP 3410/3444 :31C:030517 :52A:ESSESESS :32B:USD34750.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Information Flow Issuing Bank 52a (MT 700) Skandinaviska Enskilda Banken. :71B:/COMM/USD36. :34A:030918USD34786. Stockholm Sender (Presenting Bank) (MT 740) Generale Bank Brussels MT 742 SWIFT Message Explanation Sender Message Type Receiver Message Text Claiming Bank's Reference Documentary Credit Number Issue Date of D/C Issuing Bank Principal Amount Claimed Charges Total Amount Claimed End of Message Text/Trailer :20:EXP98734 GEBABEBB 742 MAHAUS33 Format :21:DC.Category 7 .

MT 754 Format Specifications MT 754 Advice of Payment/Acceptance/Negotiation Status M M M O O O O O O O O O Tag 20 21 32a 33B 71B 73 34a 53a 57a 58a 72 77A Sender's Reference Related Reference Principal Amount Paid/Accepted/Negotiated Additional Amounts Charges Deducted Charges Added Total Amount Claimed Reimbursing Bank Account With Bank Beneficiary Bank Sender to Receiver Information Narrative M = Mandatory O = Optional Field Name 16x 16x A or B 3!a15d 6*35x 6*35x A or B A. but not both (Error code(s): C14). accepting or negotiating 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. specifying the future date of debit.MT 754 MT 754 Advice of Payment/Acceptance/Negotiation MT 754 Scope This message is sent by the paying. 11 September 2006 177 . to the issuing bank. or the bank incurring a deferred payment undertaking. Either field 53a or 57a may be present. but not both (Error code(s): C19). B or D A or D 6*35x 20*35x Content/Options No. banks should use the MT 799 Free Format message. B or D A. Note:Where a pre-debit notification from the reimbursing bank to the issuing bank is required. 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 as a pre-debit notification from the claiming bank to the issuing bank. It is used to advise the Receiver that documents were presented in accordance with the credit terms and are being forwarded as instructed. The currency code in the amount fields 32a and 34a must be the same (Error code(s): C02). 1 2 3 4 5 6 7 8 9 10 11 12 MT 754 Network Validated Rules C1 C2 C3 Either field 72 or 77A may be present.

NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). Field 21: Related Reference FORMAT 16x PRESENCE Mandatory DEFINITION If the MT 754 is sent to the Issuing Bank. Date must be a valid date expressed as YYMMDD (Error code(s): T50). 6!n3!a15d 3!a15d (Date) (Currency) (Amount) (Currency) (Amount) 178 Message Reference Guide . or another reference meaningful to the Receiver. Currency must be a valid ISO 4217 currency code (Error code(s): T52). Field 20: Sender's Reference FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the reference number which has been assigned by the Sender. accepted or negotiated by the Sender. If the message is sent to a bank other than the issuing bank. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26).Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 754 Field Specifications 1. Field 32a: Principal Amount Paid/Accepted/Negotiated FORMAT Option A Option B PRESENCE Mandatory DEFINITION This field contains the currency code and amount which has been paid. 3. 2.Category 7 . this field contains either the documentary credit number assigned by the issuing bank. NETWORK VALIDATED RULES In option A. this field contains the documentary credit number assigned by the issuing bank.

' is mandatory and is included in the maximum length.' is mandatory and is included in the maximum length. Field 33B: Additional Amounts FORMAT Option B PRESENCE Optional DEFINITION This field specifies the currency code and amount of any additional amounts allowed for in the credit. followed by the currency code and amount: AGENT COMM CORCOM Agent's commission Our commission Our correspondent's commission /8a/[3!a13d][additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) 11 September 2006 179 . T43). USAGE RULES Currency may be different from that in field 32a. The decimal comma '. Currency in fields 32a and 34a must be the same (Error code(s): C02). such as insurance. CODES One or more of the following codes may be used. T40. The integer part of Amount must contain at least one digit. the following line formats may be used: Line 1 Lines 2-6 PRESENCE Optional DEFINITION This field is used to specify the charges which have been deducted from the amount paid/accepted/negotiated. 3!a15d (Currency) (Amount) 5. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. an explanation of any currency conversion(s) must be provided in field 72 (or field 77A). T43). When this is the case. USAGE RULES The amount will be deducted from the outstanding balance of the documentary credit. The decimal comma '.MT 754 The integer part of Amount must contain at least one digit. T40. 4. Field 71B: Charges Deducted FORMAT Option B 6*35x (Narrative) In addition to narrative text. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03.

must begin on a new line and be the last information in the field. Preadvice commission. Handling commission. the following line formats may be used: Line 1 Lines 2-6: PRESENCE Optional DEFINITION This field is used to specify any charges which have been added to the amount paid/accepted/negotiated. Payment commission. Discrepancies commission. Additional details are provided in field 72. Notification commission. 6. Miscellaneous. Negotiation commission.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 DISC INSUR POST STAMP TELECHAR WAREHOUS Commercial discount Insurance premium Our postage Stamp duty Teletransmission charges Wharfing and warehouse USAGE RULES Any code used in this field must be between slashes and must appear at the beginning of a line. Confirmation commission. Correspondent charges. if used. Field 73: Charges Added FORMAT 6*35x (Narrative) In addition to narrative text. Advising commission. Deferred payment commission. /8a/[3!a13d] [additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) 180 Message Reference Guide . Amendment commission. Postal/Courier charges. CODES One or more of the following codes may be used: ACCPTCOM ADVCOM AMNDCOM CONFCOM CORCOM DEFCOM DSCRPCOM HANDLCOM INTEREST MISC NEGCOM NOTFCOM PAYCOM POST PREADCOM SEE72 Acceptance commission. Any interest including discount charges.Category 7 . Narrative text must not begin with a slash and.

must begin on a new line and be the last information in the field. expressed as YYMMDD (Error code(s): T50). Teletransmission charges. 7.' is mandatory and is included in the maximum length. NETWORK VALIDATED RULES In option A. Date must be a valid date. Currency in fields 32a and 34a must be the same (Error code(s): C02). The decimal comma '. and possibly a value date. the following table provides additional information about the use of this field: If MT 754 is used as … Pre-debit Notification Reimbursement Advice Request for Reimbursement then … always use field 34A use field 34A or field 34B use field 34A or field 34B where the date in 34A is … future date of debit requested execution date requested execution date 6!n3!a15d 3!a15d (Date) (Currency) (Amount) (Currency) (Amount) 11 September 2006 181 . Narrative text must not begin with a slash and. T43). The integer part of Amount must contain at least one digit. Currency must be a valid ISO 4217 currency code (Error code(s): T52). Field 34a: Total Amount Claimed FORMAT Option A Option B PRESENCE Optional DEFINITION This field specifies the currency code and total amount claimed or to be remitted. T40. USAGE RULES Any code used in this field must be between slashes and must appear at the beginning of a line. USAGE RULES Depending on how the MT 754 is used.MT 754 SEE77A STAMP TELECHAR Additional details are provided in field 77A. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. if used. Stamp duty.

Corporations for more information about BEIs. (Error code(s): C05). Synonyms. Live destinations and Test & Training destinations. Field 57a: Account With Bank FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Conditional (C2) 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. in accordance with the terms of the documentary credit. Live destinations and Test & Training destinations. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. either connected or non-connected (Error code(s): T27.Category 7 . T28. Masters. or its branch or affiliate bank as specified in field 58a. This may be a branch of the Sender or the Receiver or an entirely different bank. 182 Message Reference Guide . NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. either connected or non-connected (Error code(s): T27. Please refer to the latest version of the BIC Directory . T28. 9. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. T45). The BIC must not be a BEI. (Error code(s): C05). Synonyms. T29. non-SWIFT BICs. Please refer to the latest version of the BIC Directory . T29. Masters. T45).Documentary Credits and Guarantees for SWIFTStandards MT November 2006 8. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. The BIC must not be a BEI.Corporations for more information about BEIs. non-SWIFT BICs. Field 53a: Reimbursing Bank FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Conditional (C2) DEFINITION This field specifies the bank from which the Sender has claimed reimbursement.

in favour of which the total amount claimed is to be transferred. ie. In this case. in those cases where there are multiple account relationships between the Sender and the Receiver or the account with bank. either connected or non-connected (Error code(s): T27. and. this field will be used to identify that branch or affiliate and its account serviced by the Receiver. the specific account to be credited. USAGE RULES If the account of a branch or an affiliate of the Sender is to be credited by the Receiver. T45). 11. T29. this field shall specify the Sender's SWIFT BIC.Corporations for more information about BEIs. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Conditional (C1) DEFINITION This field contains additional information for the Receiver or account with bank. The BIC must not be a BEI. Masters. non-SWIFT BICs. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. Live destinations and Test & Training destinations. field 57a should not be present. Additionally. CODES One or more of the following codes may be used: 11 September 2006 183 . (Error code(s): C05). Synonyms. option A. Please refer to the latest version of the BIC Directory . This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. Field 58a: Beneficiary Bank FORMAT Option A Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION This field identifies the branch or affiliate bank of the Sender.MT 754 10. in the account number line. T28. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address.

Category 7 - Documentary Credits and Guarantees for SWIFTStandards MT November 2006

ACC PHONBEN REC TELEBEN

Instructions following are for the account with bank Please advise/contact beneficiary by phone Instructions following are for the Receiver Please advise the beneficiary by the most efficient means of telecommunication

USAGE RULES This field may include ERI, as specified in the chapter entitled “Euro - Impact on SWIFT Message Standards”. 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.

12.

Field 77A: Narrative
FORMAT Option A 20*35x (Narrative)

In addition to narrative text, the following line formats may be used: Line 1 Line 2-20 PRESENCE Conditional (C1) DEFINITION 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 72, only when that field is not sufficient. 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. /8a/[add'l information] [//add'l information] (Code) (Narrative) (Narrative)

MT 754 Examples
Narrative On 17 August 2003, Deutsche Bank, Munich, pays Deutsche Steins EUR 95,000 provided under the terms of documentary credit number IMP 693/70224 issued by Chemical Bank, New York. (To review the details of this credit, see the Example sections of the MTs 742 and 752.) On the same day, Deutsche Bank advises Chemical Bank, New York of the payment and forwarding of documents, indicating it has claimed reimbursement for the credit amount and its commission of EUR 200. Deutsche Bank, Munich, sends an MT 754 Advice of Payment/Acceptance/ Negotiation (reference CL934372).

184

Message Reference Guide

MT 754

Information Flow

Sender (Paying Bank)

Deutsche Bank Munich

Reimbursement Bank

53a

MT 754

Chemical Bank Frankfurt

(MT 740)
D0070023

Receiver (Issuing Bank)

Chemical Bank New York

SWIFT Message

Explanation Sender Message Type Receiver Message Text Sender's Reference Related Reference Principal Amount Paid Charges Added Total Amount Claimed Reimbursing Bank End of Message Text/Trailer :20:CL934372 DEUTDEMM 754 CHEMUS33

Format

:21:IMP 693/70224 :32A:030817EUR95000, :73:COMMISSION EUR200, :34A:030817EUR95200, :53A:CHEMDEFF

11 September 2006

185

Category 7 - Documentary Credits and Guarantees for SWIFTStandards MT November 2006

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 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 bank from which it has received documents. It is used to advise the Receiver about reimbursement or payment, to that bank, for a drawing 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.

MT 756 Format Specifications
MT 756 Advice of Reimbursement or Payment
Status M M M M O O O Tag 20 21 32B 33A 53a 54a 72 Sender's Reference Presenting Bank's Reference Total Amount Claimed Amount Reimbursed or Paid Sender's Correspondent Receiver's Correspondent Sender to Receiver Information M = Mandatory O = Optional Field Name 16x 16x 3!a15d 6!n3!a15d A, B or D A, B or D 6*35x Content/Options No. 1 2 3 4 5 6 7

MT 756 Network Validated Rules
C1 The currency code in the amount fields 32B and 33A must be the same (Error code(s): C02).

MT 756 Usage Rules
• The code RCB may only be used in field 72 if both fields 53a and 54a are present in the message.

MT 756 Field Specifications
1. Field 20: Sender's Reference
FORMAT 16x PRESENCE Mandatory

186

Message Reference Guide

MT 756

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 has been assigned by the issuing bank. In all other cases this field contains a reference meaningful to 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).

2.

Field 21: Presenting Bank's Reference
FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the reference number which has been assigned by the presenting bank. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). USAGE RULES When the MT 756 is being sent to the presenting bank by the reimbursing bank, this field should contain the contents of field 20 Claiming Bank's Reference of the MT 742 Reimbursement Claim or an equivalent reference.

3.

Field 32B: Total Amount Claimed
FORMAT Option B PRESENCE Mandatory DEFINITION This field contains the currency code and total amount claimed by the bank from which documents have been received. 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). Currency in fields 32B and 33A must be the same (Error code(s): C02). 3!a15d (Currency) (Amount)

4.

Field 33A: Amount Reimbursed or Paid
FORMAT Option A 6!n3!a15d (Date) (Currency) (Amount)

11 September 2006

187

The BIC must not be a BEI. Field 53a: Sender's Correspondent FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION Where required. Masters. USAGE RULES If there is a difference between this amount and the amount specified in field 32B. non-SWIFT BICs. Synonyms. Live destinations and Test & Training destinations. T28. Currency must be a valid ISO 4217 currency code (Error code(s): T52). NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). this field specifies the account or branch of the Sender or another financial institution through which the Sender will reimburse the Receiver. (Error code(s): C05). either connected or non-connected (Error code(s): T27. T45). NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. will be used. Currency in fields 32B and 33A must be the same (Error code(s): C02). The integer part of Amount must contain at least one digit. Please refer to the latest version of the BIC Directory . The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. T29. T43). USAGE RULES The absence of fields 53a and/or 54a implies that the single direct account relationship between the Sender and Receiver. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. in the currency of the credit. 188 Message Reference Guide .Corporations for more information about BEIs. 5.' is mandatory and is included in the maximum length. The decimal comma '. currency code and net amount to be reimbursed or paid. T40.Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 PRESENCE Mandatory DEFINITION This field specifies the value date. this must be explained in field 72.

Corporations for more information about BEIs. Field 54a: Receiver's Correspondent FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Optional DEFINITION Where required. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. should be specified in field 54a. Masters. (Error code(s): C05). either connected or non-connected (Error code(s): T27. CODES The following code may be used: 11 September 2006 189 . Live destinations and Test & Training destinations. the intermediary institution. will be used. 7. The BIC must not be a BEI. T45). this field specifies the branch of the Receiver or another financial institution at which the funds will be made available to the Receiver. In those cases where funds will be made available to the Receiver at its branch or another bank. Field 72 must in this case contain the code RCB (Receiver's Correspondent Bank). This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. non-SWIFT BICs. Please refer to the latest version of the BIC Directory . ie. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field contains additional information for the Receiver. USAGE RULES The absence of fields 53a and/or 54a implies that the single direct account relationship between the Sender and Receiver. T29. through a financial institution other than the one indicated in field 53a. followed by the BIC of the Receiver's branch or other bank. Synonyms. in the currency of the credit. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. T28.MT 756 6. this financial institution.

Note that. This credit is issued on behalf of Harrod's. This field may include ERI. London. if used. in the amount of Pounds Sterling 38. this field should contain the code RCB. followed by the BIC code (or narrative name and address) of the Receiver's correspondent.Category 7 . MT 756 Examples Example 1 Issue of a Documentary Credit Narrative On 23 September 2003. Any code must be between slashes and must appear at the beginning of a line. Narrative text must not begin with a slash and. Osaka.000. Osaka covering 250 hand-painted bamboo screens: 100 3H number 6481 150 Single number 2219 The credit expires on 23 December 2003. When there is an intermediary bank between the Sender's and Receiver's correspondent.Impact on SWIFT Message Standards". issues its documentary credit number DC86411891 to The Fuji Bank. The credit is in favour of Tsashubi.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 RCB Receiver's Correspondent Bank USAGE RULES The structured line format may also be used for bilaterally agreed codes. The following documents are required: Signed commercial invoice in quadruplicate Forwarding Agent's Certificate of Receipt. 11-4 Kyodan-ku. as specified in the chapter entitled "Euro . must begin on a new line and be the last information in the field. Midland Bank. showing goods addressed to Harrod's 190 Message Reference Guide . Knightsbridge. London. the code RCB may only be used if both fields 53a and 54a are present.

MT 756 Information Flow Applicant 50 Harrod's London Sender (Issuing Bank) Midland Bank London MT 700 Receiver (Advising Bank) The Fuji Bank Osaka Beneficiary 59 SWIFT Message (MT 700) Explanation Sender Message Type Receiver Message Text Sequence of Total Form of Documentary Credit Documentary Credit Number Date of Issue Date and Place of Expiry Applicant :27:1/1 MIDLGB22 700 FUJIJPJS Format :40A:IRREVOCABLE :20:DC86411891 :31C:030923 :31D:031223OSAKA :50:HARROD'S KNIGHTSBRIDGE LONDON :59:TSASHUBI 11-4 KYODAN-KU OSAKA :32B:GBP38000. Beneficiary Currency Code/Amount 11 September 2006 D0070024 Tsashubi Osaka 191 .

advises The Fuji Bank. London. Information Flow Sender (Issuing Bank) Midland Bank London Sender's Correspondent MT 756 53a The Fuji Bank Ltd London 192 D0070025 Receiver (Paying Bank) The Fuji Bank Osaka Message Reference Guide .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Explanation Available With… By… Taking in Charge… For Transportation to… Description of Goods :41A:MIDLGB22 BY PAYMENT :44A:OSAKA :44B:LONDON Format :45A:+250 HAND PAINTED BAMBOO SCREENS +100 3H NO 6481 +150 SINGLE NO 2219 :46A:+SIGNED COMMERCIAL INVOICE IN QUADRUPLICATE +FORWARDING AGENTS CERTIFICATE OF RECEIPT SHOWING GOODS ADDRESSED TO HARROD'S :49:WITHOUT Documents Required Confirmation Instructions End of Message Text/Trailer Example 2 Advice of Reimbursement or Payment Narrative On 6 November 2003. for payment of the documentary credit plus charges. at the Fuji Bank Limited's London branch. that full reimbursement will be credited to them. Osaka. Midland Bank.Category 7 .

in cover of the documentary credit. MIDLGB22 756 FUJIJPJS Format :33A:031105GBP38078. London sends a payment request to Fuji Bank Limited. :53A:FUJIGB2L Example 3 General Financial Institution Transfer Narrative Midland Bank. London.MT 756 SWIFT Message Explanation Sender Message Type Receiver Message Text Sender's Reference Presenting Bank's Reference Total Amount Claimed Amount Reimbursed or Paid Sender's Correspondent End of Message Text/Trailer :20:DC86411891 :21:PT93118428 :32B:GBP38078. Information Flow Sender Midland Bank London MT 202 Receiver The Fuji Bank Ltd London Beneficiary Institution 58a 11 September 2006 D0070026 The Fuji Bank Osaka 193 .

:58A:FUJIJPJS 194 Message Reference Guide . Code/Amount Beneficiary Institution End of Message Text/Trailer :20:DC86411891 :21:PT93118428 MIDLGB22 202 FUJIGB2L Format :32A:031105GBP38078.Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 SWIFT Message Explanation Sender Message Type Receiver Message Text Transaction Reference Number Related Reference Value Date/Curr.

Part 2 Guarantees .

Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Guarantee Message Types The following table lists all Guarantee message types defined in Category 7.swift. use the Deregister from a Message User Group request. To get the list of other members of a particular MUG. These forms are available on www.000 10. for the purposes of this book. Y Y Max. Registration is free of charge. an indicator whether the message type requires authentication (Y or N). submit a registration request (Register to a Message User Group) through www. MT 760 767 MT Name Guarantee Guarantee Amendment Purpose Issues or requests the issue of a guarantee Amends a guarantee which has been previously issued or requests the amendment of a guarantee which the Sender has previously requested to be issued Acknowledges the receipt of a guarantee message and may indicate that action has been taken according to instructions Advises that a bank has been released of its liability for a specified amount under its guarantee Authen. the maximum message length for input (2. For each message type. To register to use one or more message types.000 N Note: A Message User Group (MUG). send an MT 999 to the Customer Implementation team (SWHQBEBBCOS).swift.000 characters) and whether the use of the message requires registration with SWIFT for use in a message user group (Y or N). Length 10. 196 Message Reference Guide .000 N 769 Advice of Reduction or Release Y 2.com > Ordering & Support > Ordering.000 MUG N N 768 Acknowledgement of a Guarantee Message Y 2.com. To withdraw from a MUG.000 or 10. 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. there is a short description.Category 7 . These messages are indicated in the preceding table in the column MUG.

1 2 3 4 5 6 7 MT 760 Network Validated Rules There are no network validated rules for this message type. Paris. It is used to issue a guarantee or to request the Receiver to issue a guarantee. Paris. this must also be indicated (code "NONE"). • • 11 September 2006 197 . MT 760 Format Specifications MT 760 Guarantee Status M M M O M M O Tag 27 20 23 30 40C 77C 72 Sequence of Total Transaction Reference Number Further Identification Date Applicable Rules Details of Guarantee Sender to Receiver Information M = Mandatory O = Optional Field Name 1!n/1!n 16x 16x 6!n 4!a[/35x] 150*65x 6*35x Content/Options No. Therefore. International Chamber of Commerce. International Chamber of Commerce. Since a SWIFT message is restricted to the maximum input message length. conditions and details of the guarantee are to be specified in field 77C. France) or URCG (Uniform Rules for Contract Guarantees.MT 760 MT 760 Guarantee MT 760 Scope This message is sent between banks involved in the issuance of a guarantee. more than one MT 760 may be required to accommodate all the details of the guarantee. If the guarantee is subject to rules other than URDG (Uniform Rules for Demand Guarantees. The definition of this message type does not specify any characteristics or underlying agreements of the actual guarantee. all specific terms. If no rules are applicable. France) it must be indicated in field 40C using the code OTHR. MT 760 Usage Rules • Any applicable rules must be indicated in field 40C.

NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). The message is requesting the issuance of a guarantee. 4. When the message is sent to request the Receiver to issue a guarantee. Field 30: Date FORMAT 6!n (Date) 198 Message Reference Guide . this field must specify the guarantee number. Field 20: Transaction Reference Number FORMAT 16x PRESENCE Mandatory DEFINITION When the message is sent to issue a guarantee. and the total number of messages in the series. as assigned by the Sender. CODES One of the following codes must be used: ISSUE REQUEST The message is an issue of a guarantee. (Number) (Total) 2.Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 760 Field Specifications 1. 3. Field 27: Sequence of Total FORMAT 1!n/1!n PRESENCE Mandatory DEFINITION This field specifies the number of this message in the series of messages sent for a guarantee. this field must contain the reference of the request. Field 23: Further Identification FORMAT 16x PRESENCE Mandatory DEFINITION This field further identifies the purpose of the message.

MT 760 PRESENCE Optional DEFINITION When the message is sent to issue a guarantee. CODES Type must contain one of the following codes (Error code(s): T60): NONE OTHR URCG URDG The guarantee is not subject to any rules. is only allowed when subfield 1 of this field consists of OTHR (Error code(s): D81). NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). International Chamber of Commerce. the applicable version of the rules (Uniform Rules for Demand Guarantees / Uniform Rules for Contract Guarantees. i. 5. USAGE RULES In the absence of this field. The guarantee is subject to another set of rules. the issue date or request date is the date on which the message was sent. this field specifies the date of the request.e. Field 40C: Applicable Rules FORMAT Option C PRESENCE Mandatory DEFINITION This field specifies the rules the guarantee is subject to. this field specifies the issue date of the guarantee. The guarantee is subject to the ICC Uniform Rules for Demand Guarantees. France) is the one which is in effect on the date of the issue. 6. Paris. which must be specified in Narrative (2nd subfield). When the message is sent to request the Receiver to issue a guarantee. The guarantee is subject to the ICC Uniform Rules for Contract Guarantees. If the code OTHR is used. Field 77C: Details of Guarantee FORMAT Option C PRESENCE Mandatory 150*65x (Narrative) 11 September 2006 199 . 4!a[/35x] (Type) (Narrative) NETWORK VALIDATED RULES Subfield 2 of field 40C. the applicable rule should be mentioned in the narrative field. USAGE RULES Unless otherwise specified. “/”35x.

Please advise/contact the beneficiary by the most efficient means of telecommunication. banks with Swiss Bank Corporation. and advises Swiss Bank Corporation. regarding the production of the film The Video Story. Video. San Francisco. has signed a contract with Sound and Image Productions. 7. London. The contract is in US Dollars. On 1 May 2002.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 DEFINITION This field contains all terms. Please advise/contact the beneficiary by phone. London.. Sound and Image Productions banks with National Westminster Bank Plc. Inc. CODES One or more of the following codes may be used: BENCON PHONBEN TELEBEN The Receiver is requested to advise the beneficiary's acceptance or nonacceptance of the terms and conditions contained in the guarantee. conditions and details of the guarantee. if used. Narrative text must not begin with a slash and. London.. USAGE RULES Any code must be between slashes and must appear at the beginning of a line. must begin on a new line and be the last information in the field. MT 760 Examples Narrative Video. San Francisco. San Francisco. Inc. issues a guarantee in favour of Video. The content of the guarantee is as follows: Issue of Performance Guarantee no. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. Inc. National Westminster Bank Plc.Category 7 . structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field contains additional information for the Receiver. PG8761234 200 Message Reference Guide .

The signatures appearing thereon to be duly confirmed by your bankers. quoting our reference overseas division guarantee No. London. after which date this undertaking shall become null and void whether returned to us or not. Information Flow Sound and Image Productions London Sender (Issuer) National Westminster Bank London MT 760 Receiver Swiss Bank Corporation San Francisco 11 September 2006 D0070027 Video.MT 760 We. 5. hereby undertake to pay to you any sum or sums not exceeding an aggregate of USD 27.240 (United States Dollars twenty seven thousand two hundred and forty). Our liability is valid as at 1 June 2002 and shall expire on 31 May 2003 except in respect of any written demands for payment complying with all the requirements hereof received by us at this office on or before 31 May 2003. representing 5% of the total order/contract price on receipt by us at this office of your first demand on us in writing. 3. PG8761234. San Francisco 201 . Our liability under this undertaking shall be reduced by any amounts demanded in accordance with the terms hereof. Our liability hereunder shall be limited to a sum or sums not exceeding in aggregate USD 27.240 (United States Dollars twenty seven thousand two hundred and forty). This undertaking is personal to you and is not assignable. This undertaking shall be governed by and construed according to the Laws of England. complying with all the requirements hereof. the Courts of which country shall have sole jurisdiction to adjudicate on any and all claims directly or indirectly relating hereto and your acceptance of our undertaking shall be your confirmation that you submit to the jurisdiction of the Courts of England in this regard. 2. Inc. Always provided that 1. S556VSF for the supply of a film The Video Story. stating the amount payable and that Sound and Image have failed to perform the terms of the order/contract No. 4. National Westminster Bank.

THIS UNDERTAKING IS PERSONAL TO YOU AND IS NOT ASSIGNABLE. Message type 3. Receiver of the message 202 Message Reference Guide . LONDON. 5.Category 7 . HEREBY UNDERTAKE TO PAY TO YOU ANY SUM OR SUMS NOT EXCEEDING AN AGGREGATE OF USD 27. 3. NATIONAL WESTMINSTER BANK. STATING THE AMOUNT PAYABLE AND THAT SOUND AND IMAGE HAVE FAILED TO PERFORM THE TERMS OF THE ORDER/CONTRACT NO. PG8761234. 4.240 (UNITED STATES DOLLARS TWENTY SEVEN THOUSAND TWO HUNDRED AND FORTY). THE COURTS OF WHICH COUNTRY SHALL HAVE SOLE JURISDICTION TO ADJUDICATE ON ANY AND ALL CLAIMS DIRECTLY OR INDIRECTLY RELATING HERETO AND YOUR ACCEPTANCE OF OUR UNDERTAKING SHALL BE YOUR CONFIRMATION THAT YOU SUBMIT TO THE JURISDICTION OF THE COURTS OF ENGLAND IN THIS REGARD. COMPLYING WITH ALL THE REQUIREMENTS HEREOF. OUR LIABILITY IS VALID AS AT 1 JUNE 2002 AND SHALL EXPIRE ON 31 MAY 2003 EXCEPT IN RESPECT OF ANY WRITTEN DEMANDS FOR PAYMENT COMPLYING WITH ALL THE REQUIREMENTS HEREOF RECEIVED BY US AT THIS OFFICE ON OR BEFORE 31 MAY 1993. End of Message Text/Trailer * 1. THIS UNDERTAKING SHALL BE GOVERNED BY AND CONSTRUED ACCORDING TO THE LAWS OF ENGLAND. S556VSF FOR THE SUPPLY OF A FILM THE VIDEO STORY ALWAYS PROVIDED THAT 1. OUR LIABILITY UNDER THIS UNDERTAKING SHALL BE REDUCED BY ANY AMOUNTS DEMANDED IN ACCORDANCE WITH THE TERMS HEREOF. REPRESENTING 5 PCT OF THE TOTAL ORDER/CONTRACT PRICE ON RECEIPT BY US AT THIS OFFICE OF YOUR FIRST DEMAND ON US IN WRITING. Sender of the message 2. 2. THE SIGNATURES APPEARING THEREON TO BE DULY CONFIRMED BY YOUR BANKERS.UNITED STATES DOLLARS TWENTY SEVEN THOUSAND TWO HUNDRED AND FORTY). AFTER WHICH DATE THIS UNDERTAKING SHALL BECOME NULL AND VOID WHETHER RETURNED TO US OR NOT. QUOTING OUR REFERENCE OVERSEAS DIVISION GUARANTEE NO.240. OUR LIABILITY HEREUNDER SHALL BE LIMITED TO A SUM OR SUMS NOT EXCEEDING IN AGGREGATE USD 27.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 SWIFT Message * 1 2 3 Message Text 4 5 6 7 8 9 :27:1/1 :20:PG8761234 :23:ISSUE :30:020501 :40C:NONE NWBKGB2L 760 SBCOUS66 Format :77C:WE.

Further Identification (ISSUE of a guarantee) 7. Applicable rules 9. Transaction Reference Number 6. Terms and conditions of the guarantee 11 September 2006 203 . Sequence of total (1 of 1 page) 5. Date of issue 8.MT 760 4.

It is used to amend or request the amendment of the guarantee. takes the form of an amendment. The terms and conditions of the original guarantee or instruction(s) not mentioned in the message remain the same. The cancellation of a guarantee. MT 767 Format Specifications MT Guarantee Amendment Status M M M M O O M M O Tag 27 20 21 23 30 26E 31C 77C 72 Sequence of Total Transaction Reference Number Related Reference Further Identification Date Number of Amendment Date of Issue or Request to Issue Amendment Details Sender to Receiver Information M = Mandatory O = Optional Field Name 1!n/1!n 16x 16x 16x 6!n 2n 6!n 150*65x 6*35x Content/Options No.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 767 Guarantee Amendment MT 767 Scope This message is sent by a bank which has issued a guarantee to the bank to which the guarantee was issued. MT 767 Usage Rules • • • • The guarantee amendment is to be considered as part of the guarantee. The MT 767 must therefore be used. Since a SWIFT message is restricted to the maximum input message length. 1 2 3 4 5 6 7 8 9 MT 767 Network Validated Rules There are no network validated rules for this message type. 204 Message Reference Guide . MT 760.Category 7 . It may also be sent by a bank which has requested the issuance of a guarantee to the bank to which the request for a guarantee was sent. more than one MT 767 may need be required to accommodate all the details of the guarantee amendment. ie.

If no acknowledgement has been previously received. the code NONREF must be used. Field 21: Related Reference FORMAT 16x PRESENCE Mandatory DEFINITION If the Receiver of this message has previously sent an MT 768 Acknowledgement of a Guarantee Message or its equivalent. USAGE RULES If no meaningful reference is available.MT 767 MT 767 Field Specifications 1. (Number) (Total) 2. Field 27: Sequence of Total FORMAT 1!n/1!n PRESENCE Mandatory DEFINITION This field specifies the number of this message in the series of messages sent for a guarantee. this field contains the contents of field 20 Transaction Reference Number of the acknowledgement. this field will contain a reference which is meaningful to the Receiver. 11 September 2006 205 . NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). the guarantee number. eg. Field 20: Transaction Reference Number FORMAT 16x PRESENCE Mandatory DEFINITION This field contains a reference assigned by the Sender to unambiguously identify the message. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). and the total number of messages in the series. 3.

When the message is sent to request the Receiver to amend a guarantee. (Date) 6. Field 26E: Number of Amendment FORMAT Option E PRESENCE Optional DEFINITION This field specifies the number which identifies this amendment. Field 23: Further Identification FORMAT 16x PRESENCE Mandatory DEFINITION This field further identifies the purpose of the message. CODES One of the following codes must be used: ISSUE REQUEST The message is an amendment to a guarantee which the Sender previously issued. The message is requesting the amendment to a guarantee which the Sender previously requested to be issued. this field specifies the date of the request for the amendment. USAGE RULES In the absence of this field. USAGE RULES This number should be the latest in the series of all amendments made.Category 7 . NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50).Documentary Credits and Guarantees for SWIFTStandards MT November 2006 4. 2n (Number) 206 Message Reference Guide . this field specifies the date of the amendment. 5. Field 30: Date FORMAT 6!n PRESENCE Optional DEFINITION When the message is sent to amend a guarantee. regardless of the means by which previous amendments were sent. the amendment date or request for amendment date of the guarantee is the date on which this MT 767 was sent.

Field 31C: Date of Issue or Request to Issue FORMAT Option C PRESENCE Mandatory DEFINITION When the message is sent to amend a guarantee. CODES The following code may be used: CANCEL The guarantee is cancelled for the unutilized portion. structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field contains additional information for the Receiver. conditions and details of the guarantee. NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). 11 September 2006 207 . 9. Field 77C: Amendment Details FORMAT Option C PRESENCE Mandatory DEFINITION This field specifies all amended terms. remain the same. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. 6!n (Date) 8.MT 767 7. 150*65x (Narrative) USAGE RULES The terms and conditions of the original guarantee which are not mentioned in this field. When the message is sent to request the Receiver to amend a guarantee. this field must specify the original date of the request to issue the guarantee. this field must specify the original issue date of the guarantee.

PG8761234. must begin on a new line and be the last information in the field. if used.” 208 Message Reference Guide . Please confirm the beneficiary's acceptance of this amendment. MT 767 Examples Narrative On 15 May 2002. Narrative text must not begin with a slash and.) The amendment states: “We hereby advise you of the amendments made to the referenced performance guarantee. see the Example section of the MT 760. Our liability is valid as at 1 July 2002 and shall expire on 30 June 2003. London.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 CODES One or more of the following codes may be used: BENCON PHONBEN TELEBEN The Receiver is requested to advise the beneficiary's acceptance or nonacceptance of the terms and conditions contained in the guarantee. USAGE RULES Any code must be between slashes and must appear at the beginning of a line. (To review the guarantee. San Francisco. National Westminster Bank. sends Swiss Bank Corporation.Category 7 . an amendment (reference AG5559823) to its issue of Performance Guarantee No. Please advise/contact the beneficiary by the most efficient means of telecommunication. Please advise/contact the beneficiary by phone. All other terms and conditions remain unchanged as agreed upon in the initial issue of this guarantee.

San Francisco 209 .MT 767 Information Flow Sound and Image Productions London Sender (Issuer) National Westminster Bank London (MT 760) MT 767 Receiver Swiss Bank Corporation San Francisco SWIFT Message Explanation Sender Message Type Receiver Message Text Seq. Inc. of Total TRN Related Ref (1) Further ID (2) Date of Issue :27:1/1 :20:AG5559823 :21:PG8761234 :23:ISSUE :31C:020501 NWBKGB2L 767 SBCOUS66 Format 11 September 2006 D0070028 Video.

:72:/BENCON/ S to R Info (3) End of Message Text/Trailer (1) (2) (3) The reference meaningful to the Receiver. The Sender is requesting that the beneficiary confirm acceptance of the terms of the amendment. which is the reference initially assigned to the issue of the guarantee. 210 Message Reference Guide .this message is an amendment to a guarantee originally issued by the Sender. OUR LIABILITY IS VALID AS AT 1 JULY 2002 AND SHALL EXPIRE ON 30 JUNE 2003.Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Explanation Amendment Details Format :77C:WE HEREBY ADVISE YOU OF AMENDMENTS MADE TO THE REFERENCED PERFORMANCE GUARANTEE. Further identification of the purpose of the message .

but not both. where applicable. It may also be sent by a bank which has been requested to issue a guarantee to the bank which requested the guarantee or an amendment thereto. MT 768 Format Specifications MT 768 Acknowledgement of a Guarantee Message Status M M O M O O O O Tag 20 21 25 30 32a 57a 71B 72 Field Name Transaction Reference Number Related Reference Account Identification Date of Message Being Acknowledged Amount of Charges Account With Bank Details of Charges Sender to Receiver Information M = Mandatory O = Optional 16x 16x 35x 6!n B or D A. The Sender's charges may also be accounted for in this message. If field 32D is present. It is used to acknowledge receipt of any message relating to a guarantee and. If field 71B is present. may be present (Error code(s): C77). to indicate that action has been taken according to the instructions. MT 768 Field Specifications 1. B or D 6*35x 6*35x Content/Options No. field 57a must not be present (Error code(s): C78). 1 2 3 4 5 6 7 8 MT 768 Network Validated Rules C1 C2 C3 Either field 25 or 57a. Field 20: Transaction Reference Number FORMAT 16x PRESENCE Mandatory 11 September 2006 211 .MT 768 MT 768 Acknowledgement of a Guarantee Message MT 768 Scope This message type is sent by a bank which has received a guarantee to the bank which issued the guarantee or an amendment thereto. field 32a must also be present (Error code(s): C33).

where necessary. If no such reference is available. USAGE RULES If the related message was not sent via SWIFT. (Date) 212 Message Reference Guide . Field 30: Date of Message Being Acknowledged FORMAT 6!n PRESENCE Mandatory DEFINITION This field specifies the date on which the message being acknowledged was sent.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 DEFINITION This field specifies the reference assigned by the Sender to unambiguously identify the message. 3. Field 21: Related Reference FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the reference of the message which is being acknowledged. Field 25: Account Identification FORMAT 35x PRESENCE Conditional (C1) DEFINITION This field identifies.Category 7 . this field must contain the code NONREF. the account which is used for settlement of charges. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). USAGE RULES The absence of fields 25 and 57a means that the account relationship between the Sender and the Receiver in the currency of the charges is to be used for settlement. NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). (Account) 4. 2. this field contains a reference which is meaningful to the Receiver.

MT 768 NETWORK VALIDATED RULES Date must be a valid date expressed as YYMMDD (Error code(s): T50). Please refer to the latest version of the BIC Directory . The decimal comma '. Synonyms. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. non-SWIFT BICs. 11 September 2006 213 . T29. either connected or non-connected (Error code(s): T27. Option D must be used. The BIC must not be a BEI. T45).' is mandatory and is included in the maximum length. Field 57a: Account With Bank FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Conditional (C1 and C2) DEFINITION This field specifies the bank at which the Sender wishes to receive credit for charges claimed in field 32a. USAGE RULES If the Sender services an account for the Receiver in the currency of the charges. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. Field 32a: Amount of Charges FORMAT Option B Option D PRESENCE Conditional (C3) DEFINITION This field specifies the currency code and total amount of charges claimed by the Sender of the message. specifying the value date of the debit. and this account has been debited in reimbursement.Corporations for more information about BEIs. (Error code(s): C05). T43). 5. Currency must be a valid ISO 4217 currency code (Error code(s): T52). The integer part of Amount must contain at least one digit. NETWORK VALIDATED RULES In option D. T28. Live destinations and Test & Training destinations. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. Option B must be used. In all other cases. T40. Date must be a valid date expressed as YYMMDD (Error code(s): T50). Masters. 3!a15d 6!n3!a15d (Currency) (Amount) (Date) (Currency) (Amount) 6.

the following line formats may be used: Line 1 Lines 2-6 PRESENCE Optional DEFINITION This field contains the specific details of commission and charges claimed by the Sender in field 32a. must begin on a new line and be the last information in the field.Category 7 . structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional 214 Message Reference Guide . CODES One or more of the following codes may be used.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 7. 8. if used. followed by the currency code and amount: AGENT COMM CORCOM DISC INSUR POST STAMP TELECHAR WAREHOUS Agent's commission Our commission Our correspondent's commission Commercial discount Insurance premium Our postage Stamp duty Teletransmission charges Wharfing and warehouse /8a/[3!a13d][additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) USAGE RULES Any code used in this field must be between slashes and must appear at the beginning of a line. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. Field 71B: Details of Charges FORMAT Option B 6*35x (Narrative) In addition to narrative text. Narrative text must not begin with a slash and.

Swiss Bank Corporation. receipt of the amendment to the issue of Performance Guarantee No. London (reference 1PG8761234). (To review the guarantee amendment for this example.MT 768 DEFINITION This field contains additional information for the Receiver. This field may include ERI. as specified in the chapter entitled “Euro . The structured line format may be used for bilaterally agreed codes. MT 768 Examples Example 1 Acknowledgement of a Guarantee Message Narrative On 20 May 2002.) 11 September 2006 215 .Impact on SWIFT Message Standards”. acknowledges to National Westminster Bank Plc. Any code must be between slashes and must appear at the beginning of a line. CODES One of the following codes may be used. PG8761234. USAGE RULES This field may be used to advise the beneficiary's acceptance or non-acceptance of the terms and conditions of a guarantee or an amendment thereof. must begin on a new line and be the last information in the field. The beneficiary has rejected the amendment of the guarantee. see the Example section of the MT 767. Narrative text must not begin with a slash and. if used. as well as the beneficiary's acceptance of the amendment. San Francisco. BENACC BENREJ The beneficiary has accepted the amendment of the guarantee.

Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Information Flow Video. Sender to receiver information. 216 D0070029 Sound and Image Productions London Message Reference Guide . Date of the message being acknowledged. Inc.Category 7 . indicating beneficiary acceptance of the amendment. San Francisco Sender Swiss Bank Corporation San Francisco MT 768 Receiver National Westminster Bank London SWIFT Message Explanation Sender Message Type Receiver Message Text TRN Related Ref (1) Date of Msg (2) S to R Info (3) End of Message Text/Trailer (1) (2) (3) :20:1PG8761234 :21:AG5559823 :30:020515 SBCOUS66 768 NWBKGB2L Format :72:AMENDMENTS HAVE BEEN ACCEPTED BY BENEFICIARY The reference of the message being acknowledged.

Antwerp. This undertaking shall be governed by and construed according to the Laws of the State of New York.000. The contract is in Belgian Francs. N. Always provided that: • • • • This undertaking is personal to you and is not assignable. PG378556.. hereby undertake to pay to Fine Gems Company.. quoting our reference Performance Guarantee No. Fine Gems Company banks with Kredietbank.V. On 10 February 2003. New York. PG378556 We. and advises Kredietbank. U.000 (Euro twenty million) Our liability is valid as at 10 February 2003 and shall expire on 10 April 2003 after which date this undertaking shall become null and void.. Our liability hereunder shall be limited to a sum or sums not exceeding in aggregate EUR 20. The content of the guarantee is as follows: Issue of Performance Guarantee No.000 carats of quality diamonds. representing the purchase of 1000 VVVF diamonds. Antwerp. of New York issues a guarantee in favour of Fine Gems Company. on receipt by us at this office of your first demand on us in writing. 11 September 2006 217 .V. Antwerp. any sum or sums not exceeding an aggregate of EUR 20. of New York. The signatures appearing thereon to be duly confirmed by your bankers. Bank Leumi Trust Co. Antwerp. New York. which shall have sole jurisdiction to adjudicate on any and all claims directly or indirectly relating hereto and your acceptance of our undertaking shall be your confirmation that you submit to the jurisdiction of the Courts of the State of New York. covering the purchase of 1. Shining Star Jewellers banks with Bank Leumi Trust Co.S. complying with all the requirements hereof.000. N.000 (Euro twenty million). has signed a contract with Fine Gems Company.A.MT 768 Example 2 Guarantee Narrative Shining Star Jewellers. Bank Leumi Trust Company of NY.

Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Information Flow Shining Star Jewelers New York Sender (Issuer) Bank Leumi Trust Company New York MT 760 Receiver Kredietbank Antwerp SWIFT Message MT 760 * 1 2 3 4 Message Text 5 6 7 :20:PG378556 :23:ISSUE :30:030210 LUMIUS3N 760 KREDBE22 :27:1/1 Format 218 D0070030 Fine Gems Company Antwerp Message Reference Guide .

HEREBY UNDERTAKE TO PAY TO FINE GEMS COMPANY. 4. 5. Fine Gems Company. Transaction Reference Number 6. ANTWERP.000 (EURO TWENTY MILLION). THIS UNDERTAKING IS PERSONAL TO YOU AND IS NOT ASSIGNABLE. USA. WHICH SHALL HAVE SOLE JURISDICTION TO ADJUDICATE ON ANY AND ALL CLAIMS DIRECTLY OR INDIRECTLY RELATING HERETO AND YOUR ACCEPTANCE OF OUR UNDERTAKING SHALL BE YOUR CONFIRMATION THAT YOU SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK. PG378556. Receiver of the message 4.MT 768 * 8 Format :77C:WE. COMPLYING WITH ALL THE REQUIREMENTS HEREOF. Message Type/Priority 3. On acceptance of the terms of the guarantee by Fine Gems. ACCORDING TO THE LAWS OF THE STATE OF NEW YORK. ANY SUM OR SUMS NOT EXCEEDING AN AGGREGATE OF EUR 20. Further Identification (ISSUE of a Guarantee) 7. 2. Sequence of Total 5. Sender of the message 2. THIS UNDERTAKING SHALL BE GOVERNED BY AND CONSTRUED. THE SIGNATURES APPEARING THEREON TO BE DULY CONFIRMED BY YOUR BANKERS. Kredietbank forwards the guarantee to its customer. Terms and conditions of the Guarantee Example 3 Acknowledgement of a Guarantee Message Narrative On 11 February 2003. 11 September 2006 219 . End of Message Text/Trailer * 1. Date of Issue 8. 3. NEW YORK. BANK LEUMI TRUST COMPANY OF NY.000. REPRESENTING THE PURCHASE OF 1000 VVVF DIAMONDS. OUR LIABILITY IS VALID AS AT 10 FEBRUARY 2003 AND SHALL EXPIRE ON 10 APRIL 2003 AFTER WHICH DATE THIS UNDERTAKING SHALL BECOME NULL AND VOID.000 be paid to its account at Kredietbank's main office in Brussels. ON RECEIPT BY US AT THIS OFFICE OF YOUR FIRST DEMAND ON US IN WRITING.000 (EURO TWENTY MILLION). ALWAYS PROVIDED THAT: 1. Kredietbank acknowledges to Bank Leumi and requests that its advising commission of EUR 4.000. QUOTING OUR REFERENCE PERFORMANCE GUARANTEE NO. OUR LIABILITY HEREUNDER SHALL BE LIMITED TO A SUM OR SUMS NOT EXCEEDING IN AGGREGATE EUR 20.

Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Information Flow Fine Gems Company Antwerp Sender Kredietbank Antwerp MT 768 Receiver Funds Bank Leumi Trust Company. New York Account With Bank Kredietbank Brussels Sound and Image Productions London D0070031 SWIFT Message Explanation Sender Message Type Receiver Message Text TRN Related Ref (1) Date of Msg (2) Amt of Charges Acct With Bank S to R Info (3) End of Message Text/Trailer (1) (2) The reference of the message being acknowledged.Category 7 . :20:GA7326 :21:PG378556 :30:030210 :32B:EUR4000. Date of the message being acknowledged. :57A:KREDBEBB KREDBE22 768 LUMIUS3N Format :72:BENEFICIARY RECD AND ACCEPTED THE TERMS AND CONDITIONS OF GUARANTEE 220 Message Reference Guide .

11 September 2006 221 . indicating beneficiary acceptance of the terms and conditions of the guarantee.MT 768 (3) Sender to receiver information.

Either field 33B or field 39C. then field 32a must also be present (Error code(s): C33). The Sender's charges may also be accounted for in this message. B or D 6*35x 6*35x Content/Options No. The currency code in the amount fields 33B and 34B must be the same (Error code(s): C02). but not both. may be present (Error code(s): C77). must be present (Error code(s): C34). It may also be sent by a bank which has been requested to issue a guarantee to the bank which requested the issuance of the guarantee.Category 7 . 222 Message Reference Guide . but not both. MT 769 Format Specifications MT 769 Advice of Reduction or Release Status M M O O O O O O O O O Tag 20 21 25 30 32a 33B 34B 39C 57a 71B 72 Field Name Transaction Reference Number Related Reference Account Identification Date of Reduction or Release Amount of Charges Amount Reduced or Released Amount Outstanding Amount Specification Account With Bank Details of Charges Sender to Receiver Information M = Mandatory O = Optional 16x 16x 35x 6!n B or D 3!a15d 3!a15d 4*35x A. It is used to advise the Receiver that it has been released of all liability for the amount specified in field 33B or field 39C. If field 71B is present.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 769 Advice of Reduction or Release MT 769 Scope This message is sent by a bank which has received a guarantee to the bank which has issued the guarantee. If field 32D is present. 1 2 3 4 5 6 7 8 9 10 11 MT 769 Network Validated Rules C1 C2 C3 C4 C5 Either field 25 or 57a. then field 57a must not be present (Error code(s): C78).

NETWORK VALIDATED RULES This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26). USAGE RULES If the related message was not sent via SWIFT. Field 21: Related Reference FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the reference number of the guarantee or request for the issuance of a guarantee to which this message is related. Field 20: Transaction Reference Number FORMAT 16x PRESENCE Mandatory DEFINITION This field contains the reference assigned by the Sender to unambiguously identify the message. Field 25: Account Identification FORMAT 35x PRESENCE Conditional (C1) DEFINITION When the Sender has debited the account of the Receiver for its charges. 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 32D is used. this field contains a reference which is meaningful to the Receiver. this field identifies the number of the account which has been debited.MT 769 MT 769 Field Specifications 1. (Account) 4. 2. Field 30: Date of Reduction or Release FORMAT 6!n (Date) 11 September 2006 223 . ie.

' is mandatory and is included in the maximum length. The integer part of Amount must contain at least one digit.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 PRESENCE Optional DEFINITION This field specifies the date as of which the bank which has issued or requested the issuance of the guarantee.Category 7 . 3!a15d 6!n3!a15d (Currency) (Amount) (Date) (Currency) (Amount) 6. The decimal comma '. T43). USAGE RULES If the Sender services an account for the Receiver in the currency of the charges. Field 33B: Amount Reduced or Released FORMAT Option B PRESENCE Conditional (C2) DEFINITION This field specifies the currency code and amount for which the bank which has issued or requested the issuance of the guarantee is released of all its liability under the specified guarantee. NETWORK VALIDATED RULES In option D. Field 32a: Amount of Charges FORMAT Option B Option D PRESENCE Conditional (C4) DEFINITION This field specifies the currency code and total amount of charges claimed by the Sender of the message. specifying the value date of the debit. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. USAGE RULES The absence of this field implies that the bank which has issued or requested the issuance of the guarantee is released of all its liability as of the date the message was sent. Date must be a valid date expressed as YYMMDD (Error code(s): T50). Option D must be used. Option B must be used. In all other cases. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). T40. ie. Currency must be a valid ISO 4217 currency code (Error code(s): T52). NETWORK VALIDATED RULES Date must contain a valid date expressed as YYMMDD (Error code(s): T50). the Receiver. is released of all its liability under the specified guarantee for the amount specified in field 33B or 39C. and this account has been debited in reimbursement. 3!a15d (Currency) (Amount) 224 Message Reference Guide . 5.

4*35x (Narrative) 11 September 2006 225 . The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. cannot be expressed in terms of a specific amount.' is mandatory and is included in the maximum length. 7. USAGE RULES This field must be used in those instances where the amount of the guarantee and. Currency in fields 33B and 34B must be the same (Error code(s): C02). The decimal comma '. this field specifies the currency code and amount outstanding. USAGE RULES Where the amount of the guarantee and. consequently. T40. The decimal comma '. 3!a15d (Currency) (Amount) 8. T43). Field 34B: Amount Outstanding FORMAT Option B PRESENCE Optional DEFINITION When the liability under the specified guarantee is not to be released in its entirety.' is mandatory and is included in the maximum length. field 39C must be used instead of field 33B. the amount released.MT 769 The integer part of Amount must contain at least one digit. consequently. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03. T43). The integer part of Amount must contain at least one digit. Currency in fields 33B and 34B must be the same (Error code(s): C02). NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52). T40. cannot be expressed in terms of a specific amount. the amount released. Field 39C: Amount Specification FORMAT Option C PRESENCE Conditional (C2) DEFINITION This field contains a description of the amount for which the bank which has issued or requested the issuance of the guarantee is released of all its liability under the specified guarantee.

Corporations for more information about BEIs. Masters. T45). non-SWIFT BICs. NETWORK VALIDATED RULES The BIC must be a SWIFT registered address. 10. (Error code(s): C05).Documentary Credits and Guarantees for SWIFTStandards MT November 2006 9. Field 57a: Account With Bank FORMAT Option A Option B Option D [/1!a][/34x] 4!a2!a2!c[3!c] [/1!a][/34x] [35x] [/1!a][/34x] 4*35x (Party Identifier) (BIC) (Party Identifier) (Location) (Party Identifier) (Name & Address) PRESENCE Conditional (C1 and C3) DEFINITION This field specifies the bank at which the Sender wishes to receive credit for charges claimed in field 32a. CODES One or more of the following codes may be used. Synonyms. Live destinations and Test & Training destinations. T28. T29. The BIC must not be a BEI. Please refer to the latest version of the BIC Directory . followed by the currency code and amount: AGENT COMM CORCOM DISC INSUR POST Agent's commission Our commission Our correspondent's commission Commercial discount Insurance premium Our postage /8a/[3!a13d][additional information] [//continuation of additional information] (Code) (Currency) (Amount) (Narrative) 226 Message Reference Guide . Field 71B: Details of Charges FORMAT Option B 6*35x (Narrative) In addition to narrative text.Category 7 . the following line formats may be used: Line 1 Lines 2-6 PRESENCE Optional DEFINITION This field contains the specific details of commission and charges claimed by the Sender in field 32a. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs. either connected or non-connected (Error code(s): T27.

MT 769 Examples Narrative On 12 January 2003. Swiss Bank Corporation.) 11 September 2006 227 . see the Example section of the MT 760. London (reference 2PG8761234). 11. must begin on a new line and be the last information in the field.MT 769 STAMP TELECHAR WAREHOUS Stamp duty Teletransmission charges Wharfing and warehouse USAGE RULES Any code used in this field must be between slashes and must appear at the beginning of a line.240. Field 72: Sender to Receiver Information FORMAT 6*35x (Narrative) In addition to narrative text. if used. New York. Narrative text must not begin with a slash and. if used. (To review the guarantee for this example. advises National Westminster Bank Plc.000. as specified in the chapter entitled “Euro . structured text with the following line formats may be used: Line 1 Lines 2-6 /8c/[additional information] [//continuation of additional information] or [/8c/[additional information]] PRESENCE Optional DEFINITION This field contains additional information for the Receiver. Narrative text must not begin with a slash and.Impact on SWIFT Message Standards” The structured line format may be used for bilaterally agreed codes. The outstanding obligation under the guarantee is US Dollars 13. that it has been released of all liability for an amount of US Dollars 14. USAGE RULES This field may include ERI. must begin on a new line and be the last information in the field. San Francisco. Any code must be between slashes and must appear at the beginning of a line. Swiss Bank Corporation would like to receive payment of its charges of US Dollars 35 (being cable costs of USD 21 and commission charges of USD 14) at its account at Bank of New York.

:34B:USD13240. The bank (Bank of New York) at which the Sender wishes to receive payment of its charges. The reference of the guarantee. The amount by which National Westminster Bank's liability has been reduced. :33B:USD14000.Category 7 . London 57a SWIFT Message Explanation Sender Message Type Receiver Message Text Transaction Reference Number Related Reference (1) Date of Release Amount of Charges (2) Amount Reduced (3) Amount Outstanding (4) Account With Bank (5) Details of Charges (6) End of Message Text/Trailer (1) (2) (3) (4) (5) :20:2PG8761234 :21:PG8761234 :30:030112 :32B:USD35. :57A:BONYUS33 SBCOUS66 769 NWBKGB2L Format :71B:/TELECHAR/USD21. The Sender's charges for the transaction. The amount of liability remaining under the guarantee. 228 D0070032 Account With Bank Bank of New York New York Message Reference Guide .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Information Flow Sender Swiss Bank Corporation San Francisco MT 769 MT 760 Receiver National Westminster Bank plc. /COMM/USD14.

11 September 2006 229 .MT 769 (6) An explanation of the charges specified in field 32B.

Documentary Credits and Guarantees for SWIFTStandards MT November 2006 230 Message Reference Guide .Category 7 .

Part 3 Common Group .

Interest and Other Adjustments Request for Payment of Charges. Interest and Other Expenses Request for Cancellation Queries Advises an account owner of charges. interest or other expenses Requests the Receiver to consider cancellation of the message identified in the request Requests information relating to a previous message or amendment to a previous message Responds to a MT 795 Queries message or MT 792 Request for Cancellation or other messages where no specific message type has been provided for the response Contains formats defined and agreed to between users and for those messages not yet live Contains information for which no other message type has been defined Y N 791 Y 2.swift. Registration is free of charge.swift.000 N 796 Answers Y 2. MT MT Name Purpose Authen Max Length 2. use the Deregister from a Message User Group request.com.000 N Note: A Message User Group (MUG).000 characters) and whether the use of the message requires registration with SWIFT for use in a message user group (Y or N).000 N 795 Y 2. submit a registration request (Register to a Message User Group) through www. These messages are indicated in the preceding table in the column MUG. an indicator whether the message type requires authentication (Y or N). 232 Message Reference Guide . These forms are available on www.Category 7 .com > Ordering & Support > Ordering. For each message type. there is a short description. 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.000 N 798 Proprietary Message Y 10. interest or other adjustments to its account Requests payment of charges.Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Common Group Message Types The following table lists all Common Group message types defined in Category 7. To get the list of other members of a particular MUG.000 N 792 Y 2.000 or 10. for the purposes of this book.000 N 799 Free Format Message Y 2. the maximum message length for input (2. To register to use one or more message types.000 MUG 790 Advice of Charges. send an MT 999 to the Customer Implementation team (SWHQBEBBCOS). To withdraw from a MUG.

11 September 2006 233 .MT 790 MT 790 Advice of Charges. Interest and Other Adjustments for details concerning this message type. Chapter n90 Advice of Charges.Common Group Messages. Interest and Other Adjustments Please refer to Category n .

Interest or Other Expenses for details concerning this message type.Common Group Messages. 234 Message Reference Guide .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 791 Request for Payment of Charges. Interest and Other Expenses Please refer to Category n . Chapter n91 Request for Payment of Charges.Category 7 .

MT 792 MT 792 Request for Cancellation Please refer to Category n . Chapter n92 Request for Cancellation for details concerning this message type.Common Group Messages. 11 September 2006 235 .

Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 795 Queries Please refer to Category n .Common Group Messages. 236 Message Reference Guide . Chapter n95 Queries for details concerning this message type.Category 7 .

MT 796 MT 796 Answers Please refer to Category n .Common Group Messages. Chapter n96 Answers for details concerning this message type. 11 September 2006 237 .

Common Group Messages. 238 Message Reference Guide .Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 MT 798 Proprietary Message Please refer to Category n . Chapter n98 Proprietary Message for details concerning this message type.

11 September 2006 239 .Common Group Messages.MT 799 MT 799 Free Format Message Please refer to Category n . Chapter n99 Free Format Message for details concerning this message type.

Paris. please refer to the Uniform Rules for Bank-to-Bank Reimbursements under documentary credits (URR) and the Uniform Customs and Practice for documentary credits (UCP). France. Credit Available With The identification of the nominated bank at which the credit is available. 240 Message Reference Guide . Partial Shipments An incomplete shipment of goods. Amendment Statement A standard phrase linking the amendment to the original documentary credit. Applicant The party at whose request a transaction or service is to be undertaken. acceptance. Issue Date and Place The date of issue of a documentary credit. optionally followed by the date on which the Claiming Bank requests the amount to be placed at its disposal. Charges Claimed The charges and commissions in addition to a principal amount claimed under a documentary credit. Expiry Date and Place The latest date and place for presentation of documents for payment. this means an address where the paper documents should be presented. the following terms apply to category 7 message types. International Chamber of Commerce. Draft Details Information pertaining to the draft(s) required under a documentary credit. Claiming Bank's Reference Number The reference assigned by the Claiming Bank which unambiguously identifies a particular transaction. For any additional definitions or details. Place for presentation Under a credit subject to UCP. Advising Bank The bank requested to advise the documentary credit. Under a credit subject to eUCP. Charges Authorisation Issuing Bank's approval to the Reimbursement Bank to honour charges. Endorsement of Drawings A record of a specific drawing on a documentary credit. this means an electronic address where the electronic records should be presented. Amount Claimed The total claimed for reimbursement in a documentary credit. Amendment Date The date on which an amendment was issued. or negotiation. Advising Instruction An instruction to the Advising Bank regarding confirmation of the documentary credit. Credit Available by The method by which a documentary credit will be made available.Category 7 .Documentary Credits and Guarantees for SWIFTStandards MT November 2006 Glossary of Terms In addition to the definitions which appear in the Glossary of Terms in Standards General Information.

and to which destination they have been transported. dispatch and taken in charge. Transshipment The shipment of goods between two points other than the original point of shipment.Glossary of Terms Presentation Period The period of time after the date of the issuance of the transport document within which documents must be presented for action. Transport Details The method whereby the goods were loaded on board. 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. 11 September 2006 241 .