Mau Dien MT700 Trong LC PDF

Standards
Category 7 - Documentary Credits and Guarantees
For Standards MT November 2008
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.
19 September 2008
Category 7 - Documentary Credits and Guarantees for Standards MT November 2008
Legal Notices
Copyright
Copyright © S.W.I.F.T. SCRL ("SWIFT"), Avenue Adèle 1, B-1310 La Hulpe, Belgium, or its licensors, 2008.
All rights reserved. You may copy this publication within your organisation. Any such copy must include these legal notices.
Confidentiality
This publication may contain SWIFT or third-party confidential information. Do not disclose this publication outside your
organisation without the prior written consent of SWIFT.
Disclaimer
The information in this publication may change from time to time. You must always refer to the latest available version.
SWIFTStandards Intellectual Property Rights (IPR) Policy - End-User License Agreement
SWIFTStandards are licensed subject to the terms and conditions of the SWIFTStandards IPR Policy - End-User License
Agreement available at www.swift.com > Standards > More information.
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.
2 Message Reference Guide

Table of Contents
Table of Contents
Legal Notices ............................................................................................................................................. 2
Introduction ................................................................................................................................................ 7
Overview ............................................................................................................................................... 7
Changes ............................................................................................................................................... 7
Volume Formatting Explanation............................................................................................................ 7
Euro - Impact on Category Message Standards.................................................................................10
Part 1 Documentary Credits .................................................................................................................... 11
Documentary Credit Message Types .................................................................................................12
MT 700 Issue of a Documentary Credit ..............................................................................................14
MT 700 Scope................................................................................................................................ 14
MT 700 Format Specifications .......................................................................................................14
MT 700 Network Validated Rules ..................................................................................................15
MT 700 Usage Rules ..................................................................................................................... 15
MT 700 Field Specifications ........................................................................................................... 16
MT 700 Examples .......................................................................................................................... 33
MT 701 Issue of a Documentary Credit ..............................................................................................37
MT 701 Scope................................................................................................................................ 37
MT 701 Usage Rules ..................................................................................................................... 37
MT 701 Examples .......................................................................................................................... 41
MT 705 Pre-Advice of a Documentary Credit .....................................................................................42
MT 705 Scope................................................................................................................................ 42
MT 705 Examples .......................................................................................................................... 51
MT 707 Amendment to a Documentary Credit ...................................................................................53
MT 707 Scope................................................................................................................................ 53
MT 707 Usage Rules ..................................................................................................................... 54
MT 707 Examples .......................................................................................................................... 64
MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit ............................................71
MT 710 Scope................................................................................................................................ 71
MT 710 Usage Rules ..................................................................................................................... 73
MT 710 Examples .......................................................................................................................... 92
19 September 2008 3
MT 711 Advice of a Third Bank's or a Non-Bank's Documentary Credit ............................................95

MT 711 Scope................................................................................................................................ 95
MT 711 Usage Rules ..................................................................................................................... 95
MT 720 Transfer of a Documentary Credit .......................................................................................100
MT 720 Scope.............................................................................................................................. 100
MT 720 Format Specifications .....................................................................................................100
MT 720 Network Validated Rules ................................................................................................101
MT 720 Usage Rules ................................................................................................................... 101
MT 720 Field Specifications .........................................................................................................102
MT 720 Examples ........................................................................................................................ 120
MT 721 Transfer of a Documentary Credit .......................................................................................126
MT 721 Scope.............................................................................................................................. 126
MT 721 Usage Rules ................................................................................................................... 126
MT 721 Examples ........................................................................................................................ 131
MT 730 Acknowledgement ............................................................................................................... 132
MT 730 Scope.............................................................................................................................. 132
MT 730 Examples ........................................................................................................................ 137
MT 732 Advice of Discharge............................................................................................................. 141
MT 732 Scope.............................................................................................................................. 141
MT 732 Examples ........................................................................................................................ 143
MT 734 Advice of Refusal................................................................................................................. 146
MT 734 Scope.............................................................................................................................. 146
MT 734 Examples ........................................................................................................................ 151
MT 740 Authorisation to Reimburse .................................................................................................153
MT 740 Scope.............................................................................................................................. 153
MT 740 Examples ........................................................................................................................ 162
MT 742 Reimbursement Claim .........................................................................................................164

Table of Contents
MT 742 Scope.............................................................................................................................. 164

MT 742 Examples ........................................................................................................................ 171
MT 747 Amendment to an Authorisation to Reimburse ....................................................................175
MT 747 Scope.............................................................................................................................. 175
MT 747 Usage Rules ................................................................................................................... 176
MT 747 Examples ........................................................................................................................ 181
MT 750 Advice of Discrepancy .........................................................................................................183
MT 750 Scope.............................................................................................................................. 183
MT 750 Examples ........................................................................................................................ 189
MT 752 Authorisation to Pay, Accept or Negotiate ...........................................................................191
MT 752 Scope.............................................................................................................................. 191
MT 752 Usage Rules ................................................................................................................... 191
MT 752 Examples ........................................................................................................................ 197
MT 754 Advice of Payment/Acceptance/Negotiation........................................................................202
MT 754 Scope.............................................................................................................................. 202
MT 754 Examples ........................................................................................................................ 211
MT 756 Advice of Reimbursement or Payment ................................................................................212
MT 756 Scope.............................................................................................................................. 212
MT 756 Usage Rules ................................................................................................................... 212
MT 756 Examples ........................................................................................................................ 216
Part 2 Guarantees ................................................................................................................................. 221
Guarantee Message Types .............................................................................................................. 222
MT 760 Guarantee / Standby Letter of Credit...................................................................................223
MT 760 Scope.............................................................................................................................. 223
MT 760 Usage Rules ................................................................................................................... 223
19 September 2008 5

MT 760 Examples ........................................................................................................................ 227
MT 767 Guarantee / Standby Letter of Credit Amendment ..............................................................230
MT 767 Scope.............................................................................................................................. 230
MT 767 Usage Rules ................................................................................................................... 230
MT 767 Examples ........................................................................................................................ 235
MT 768 Acknowledgement of a Guarantee / Standby Message ......................................................237
MT 768 Scope.............................................................................................................................. 237
MT 768 Examples ........................................................................................................................ 242
MT 769 Advice of Reduction or Release ..........................................................................................247
MT 769 Scope.............................................................................................................................. 247
MT 769 Examples ........................................................................................................................ 253
Part 3 Common Group .......................................................................................................................... 255
Common Group Message Types ......................................................................................................256
MT 790 Advice of Charges, Interest and Other Adjustments ...........................................................257
MT 791 Request for Payment of Charges, Interest and Other Expenses ........................................258
MT 792 Request for Cancellation .....................................................................................................259
MT 795 Queries ................................................................................................................................ 260
MT 796 Answers ............................................................................................................................... 261
MT 798 Proprietary Message ...........................................................................................................262
MT 799 Free Format Message .........................................................................................................263
MT 799 Scope.............................................................................................................................. 263
MT 799 Examples ........................................................................................................................ 264
Glossary of Terms ................................................................................................................................. 265

Introduction
Introduction
Overview
Category 7 supports messages which are exchanged between banks involved in the documentary credit and
guarantee business.
Applying the principles of the ICC UCP, the rules and basic text of these message types are given in English.
Users are however, free to use any language they choose for individual credits and parts thereof.
When sending messages in this category, the following general rules apply:
• the cancellation of a documentary credit, an authorisation to reimburse, or a guarantee, take the form of an
amendment. An MT 792 Request for Cancellation must therefore not be used, but rather an MT 707
Amendment to a Documentary Credit, MT 747 Amendment to an Authorisation to Reimburse, or MT 767
Guarantee Amendment, respectively.
Note: The examples used in this category do not always use the total number of characters available for a
SWIFT message or specific field. In some cases, multiple messages are shown, for example,
MT 700/701, to demonstrate the use of these messages/fields when the maximum input message
length/field length is exceeded.
Changes
This volume incorporates the following change to Category 7 - Documentary Credits and Guarantees as noted
in the Standards Release Guide (SRG) 2008 and the relevant updates to the SRG 2008:
• MT 760, addition of code ISPR and removal of code URCG
• MT 799, 707, field 79 becomes repetitive
• MT 734, extension of field 77J to 70*50x
• MT 799, 707, 734, and 750, extension of message length from 2000 to 10000 characters
• the modification of TESP (Treasury ETC Service Provider) from BEI sub-type to BIC sub-type. The impact
is on party field BEI presence validation error codes C05 and E57
• alignment of party identifier specification for use of BIC and BEIs
• some editorial enhancements throughout the document
IMPORTANT: This volume contains information effective as of the November 2008 Standards
Release. Therefore the 31 August 2007 edition of the User Handbook Standards
volumes remains effective until November 2008.
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. For each message type, 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. In some messages, an example of the message flow is also provided.
19 September 2008 7
Message Type Format Specifications

The format specifications are the rules for the layout of the message type. This information is provided in table
form with the following information:
MT nnn (Message Type Name)

Status Tag Field Name Content/Options No.
M 20 Transaction Reference Number 16x 1
M 21 Related Reference 16x 2
Mandatory Sequence A (Sequence Name)
M 25 Account Identification 35x 3
M 32a Value Date, Currency Code, Amount C or D 4
-----> Optional Repetitive Sequence B (Sequence Name)
O 52a Ordering Institution A or D 5
M 71B Details of Charges 6*35x 6
O 72 Sender to Receiver Information 6*35x 7
-----|
M = Mandatory O = Optional
• 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.
• Tag is the field identification.
• Field Name is the detailed name of the field tag, for this message type.
• Content/Options provides permitted field length and characteristics. For information concerning field
structure, notation and character restrictions, see SWIFTStandards MT General Information.
• No. identifies the number of the field in the Field Specifications for the message type.
Some messages are separated into sequences of fields, as shown above. An arrow indicates that a sequence
of fields may be repeated.
MT Network Validated Rules

Network validated rules are validated on the network, that is, rules for which an error code is defined. Rules
specified in this section affect more than one field in the message, placing a condition on one of the fields
specified. They are identified as Cn, or conditional rules.

Introduction
MT Usage Rules
Usage rules are not validated on the network, that is, rules for which no error code is defined, but are
nevertheless mandatory for the correct usage of the message. Rules specified in this section affect more than
one field in the message, or more than one SWIFT message.
MT Guidelines
Guidelines are not validated on the network and are not mandatory for the correct usage of the message.
They concern good practices. Guidelines specified in this section affect more than one field in the message, or
more than one SWIFT message.
MT Field Specifications
The rules for the use of each field in the message are specified in this section. Each field is identified by its
index number (as shown in the No. column of the MT Format Specifications), field tag and detailed field name,
followed by a description of the field, which may contain some or all of the following:
• FORMAT specifies the field formats which are allowed for the field.
• PRESENCE indicates if the field is mandatory, optional or conditional in its sequence.
• DEFINITION specifies the definition of the field in the message type.
• CODES lists all codes available for use in the field. If there is more than one subfield for which codes are
defined, each separate code list will be identified with a CODES heading. When a list of codes is validated
by the network, the error code will be specified.
• NETWORK VALIDATED RULES specifies rules that are validated on the network, that is, rules for which
an error code is defined. Generally, rules specified in this section affect only the field in which they appear.
In some cases, rules which are validated at the message level, that is, rules which affect more than one
field, are repeated in this section. This is the case when the rule does not affect the presence of the field,
but information within several fields, for example, a currency which must be the same for more than one
field in the message.
• USAGE RULES specifies rules that are not validated on the network, that is, rules for which no error code
is defined, but are nevertheless mandatory for the correct usage of the field. Rules specified in this section
affect only the field in which they appear.
• EXAMPLES provides one or more examples of the field as it will be formatted/used.
MT Mapping
MT mapping provides an explanation of how to map the fields of the message into another SWIFT message,
either of the same or a different message type.
MT Examples
Examples are provided to illustrate the correct use of a message. 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. An
explanation of the flow diagram can be found in SWIFTStandards MT General Information.
• SWIFT Format provides the message using the defined SWIFT format, and providing an explanation,
where necessary, of the fields which have been used.
19 September 2008 9
Euro - Impact on Category Message Standards

Deletion of the National Currency Denomination Currency Codes
See the SWIFTStandards MT General Information volume for full details of the Euro-Related Information (ERI)
and the impact on SWIFTStandards MT message types.

Part 1 Documentary Credits
Part 1
Documentary Credits
19 September 2008 11
Documentary Credit Message Types

The following table lists all Documentary Credit message types defined in Category 7.
For each message type, there is a short description, an indicator whether the message type requires
authentication (Y or N), the maximum message length for input (2,000 or 10,000 characters) and whether the
use of the message requires registration with SWIFT for use in a message user group (Y or N).
MT MT Name Purpose Authen Max MUG

Length
700 Issue of a Indicates the terms and conditions Y 10,000 N

Documentary Credit of a documentary credit
701 Issue of a Continuation of an MT 700 for fields Y 10,000 N

Documentary Credit 45a, 46a and 47a
705 Pre-Advice of a Provides brief advice of a Y 2,000 N

Documentary Credit documentary credit for which full
details will follow
707 Amendment to a Informs the Receiver of Y 10,000 N

Documentary Credit amendments to the terms and
conditions of a documentary credit
710 Advice of a Third Advises the Receiver of the terms Y 10,000 N

Bank's Documentary and conditions of a documentary
Credit credit
711 Advice of a Third Continuation of an MT 710 for fields Y 10,000 N

Bank's Documentary 45a, 46a and 47a
Credit
720 Transfer of a Advises the transfer of a Y 10,000 N

Documentary Credit documentary credit, or part thereof,
to the bank advising the second
beneficiary
721 Transfer of a Continuation of an MT 720 for fields Y 10,000 N

Documentary Credit 45a, 46a and 47a
730 Acknowledgement Acknowledges the receipt of a Y 2,000 N

documentary credit message and
may indicate that the message has
been forwarded according to
instructions. It may also be used to
account for bank charges or to
advise of acceptance or rejection of
an amendment of a documentary
credit
732 Advice of Discharge Advises that documents received Y 2,000 N

with discrepancies have been taken
up
734 Advice of Refusal Advises the refusal of documents Y 10,000 N

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

Documentary Credit Message Types

Length
740 Authorisation to Requests the Receiver to honour Y 2,000 N

Reimburse claims for reimbursement of
payment(s) or negotiation(s) under a
documentary credit
742 Reimbursement Claim Provides a reimbursement claim to Y 2,000 N

the bank authorised to reimburse
the Sender or its branch for its
payments/negotiations
747 Amendment to an Informs the reimbursing bank of Y 2,000 N

Authorisation to amendments to the terms and
Reimburse conditions of a documentary credit,
relative to the authorisation to
reimburse
750 Advice of Discrepancy Advises of discrepancies and Y 10,000 N

requests authorisation to honour
documents presented that are not in
accordance with the terms and
conditions of the documentary credit
752 Authorisation to Pay, Advises a bank which has requested Y 2,000 N

Accept or Negotiate authorisation to pay, accept,
negotiate or incur a deferred
payment undertaking that the
presentation of the documents may
be honoured, notwithstanding the
discrepancies, provided they are
otherwise in order
754 Advice of Payment/ Advises that documents have been Y 2,000 N

Acceptance/ presented in accordance with the
Negotiation terms of a documentary credit and
are being forwarded as instructed.
This message type also handles the
payment/negotiation
756 Advice of Advises of the reimbursement or Y 2,000 N

Reimbursement or payment for a drawing under a
Payment documentary credit in which no
specific reimbursement instructions
or payment provisions were given
Note: A Message User Group (MUG), for the purposes of this book, is a group of users who have
voluntarily agreed to support the specified message type and have registered with SWIFT to send or
receive the specified message type. These messages are indicated in the preceding table in the
column MUG.
Registration is free of charge. To register to use one or more message types, submit a registration
request (Register to a Message User Group) through www.swift.com. To withdraw from a MUG,
use the Deregister from a Message User Group request.
These forms are available on www.swift.com > Ordering & Support > Ordering & Configuration >
Order products & services.
To get the list of other members of a particular MUG, send an MT 999 to the Customer
Implementation team (SWHQBEBBCOS).
MT 700 Issue of a Documentary Credit
MT 700 Scope
This message is sent by the issuing bank to the advising bank.
It is used to indicate the terms and conditions of a documentary credit which has been originated by the
Sender (issuing bank).
MT 700 Format Specifications

M 27 Sequence of Total 1!n/1!n 1
M 40A Form of Documentary Credit 24x 2
M 20 Documentary Credit Number 16x 3
O 23 Reference to Pre-Advice 16x 4
O 31C Date of Issue 6!n 5
M 40E Applicable Rules 30x[/35x] 6
M 31D Date and Place of Expiry 6!n29x 7
O 51a Applicant Bank A or D 8
M 50 Applicant 4*35x 9
M 59 Beneficiary [/34x] 10
4*35x
M 32B Currency Code, Amount 3!a15d 11
O 39A Percentage Credit Amount Tolerance 2n/2n 12
O 39B Maximum Credit Amount 13x 13
O 39C Additional Amounts Covered 4*35x 14
M 41a Available With ... By ... A or D 15
O 42C Drafts at ... 3*35x 16
O 42a Drawee A or D 17
O 42M Mixed Payment Details 4*35x 18
O 42P Deferred Payment Details 4*35x 19
O 43P Partial Shipments 1*35x 20
O 43T Transshipment 1*35x 21
O 44A Place of Taking in Charge/Dispatch from .../Place 1*65x 22

of Receipt

O 44E Port of Loading/Airport of Departure 1*65x 23
O 44F Port of Discharge/Airport of Destination 1*65x 24
O 44B Place of Final Destination/For Transportation to .../ 1*65x 25

Place of Delivery
O 44C Latest Date of Shipment 6!n 26
O 44D Shipment Period 6*65x 27
O 45A Description of Goods and/or Services 100*65x 28
O 46A Documents Required 100*65x 29
O 47A Additional Conditions 100*65x 30
O 71B Charges 6*35x 31
O 48 Period for Presentation 4*35x 32
M 49 Confirmation Instructions 7!x 33
O 53a Reimbursing Bank A or D 34
O 78 Instructions to the Paying/Accepting/Negotiating 12*65x 35

Bank
O 57a 'Advise Through' Bank A, B, or D 36
M = Mandatory, O = Optional
MT 700 Network Validated Rules

C1 Either field 39A or 39B, but not both, may be present (Error code(s): D05).
C2 When used, fields 42C and 42a must both be present (Error code(s): C90).
C3 Either fields 42C and 42a together, or field 42M alone, or field 42P alone may be present. No other
combination of these fields is allowed (Error code(s): C90).
C4 Either field 44C or 44D, but not both, may be present (Error code(s): D06).
MT 700 Usage Rules

• When the documentary credit message exceeds the maximum input message length, additional
documentary credit information should be transmitted via one or more MT 701s. Up to three MT 701s may
be sent in addition to the MT 700.
• Unless otherwise specified, a documentary credit advised to the beneficiary or another advising bank
based on a SWIFT message constitutes an operative credit instrument.
• For freely negotiable documentary credits, if the Receiver does not further transmit the credit by MT 710, 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.
• To avoid misunderstandings, where possible, banks are to use Bank Identifier Codes rather than
expressions such as ourselves, yourselves, us, or you.
• The advising bank must advise a documentary credit, including all its details, in a way that is clear and
unambiguous to the beneficiary.
MT 700 Field Specifications

1. Field 27: Sequence of Total
FORMAT
1!n/1!n (Number)(Total)
PRESENCE
Mandatory
DEFINITION
This field specifies the number of this message in the series of messages sent for a documentary credit, and
the total number of messages in the series.
2. Field 40A: Form of Documentary Credit

FORMAT
Option A 24x (Type)
PRESENCE
Mandatory
DEFINITION
This field specifies the type of credit.
CODES
One of the following codes must be used (Error code(s): T60):
IRREVOCABLE The documentary credit is irrevocable.
REVOCABLE The documentary credit is revocable.
IRREVOCABLE TRANSFERABLE The documentary credit is irrevocable and transferable.
REVOCABLE TRANSFERABLE The documentary credit is revocable and transferable.
IRREVOCABLE STANDBY The standby letter of credit is irrevocable.
REVOCABLE STANDBY The standby letter of credit is revocable.
IRREVOC TRANS STANDBY The standby letter of credit is irrevocable and transferable.

USAGE RULES
Details of any special conditions applying to the transferability of the credit and/or the bank authorised to
transfer the credit in a freely negotiable credit should be included in field 47A Additional Conditions.
3. Field 20: Documentary Credit Number

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field specifies the documentary credit number which has been assigned by the Sender.
NETWORK VALIDATED RULES
This field must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s):
T26).
4. 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, for
example, by date.
5. Field 31C: Date of Issue

FORMAT
Option C 6!n (Date)
PRESENCE
Optional
DEFINITION
This field specifies the date on which the issuing bank (Sender) considers the documentary credit as being
issued.
Date must contain a valid date expressed as YYMMDD (Error code(s): T50).
USAGE RULES
The absence of this field implies that the date of issue is the date this message is sent.
6. Field 40E: Applicable Rules

FORMAT
Option E 30x[/35x] (Applicable Rules)(Narrative)
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)
EUCP LATEST VERSION The credit is subject to the version of the Supplement of the
ICC Uniform Customs and Practice for Documentary Credits
for Electronic Presentations, International Chamber of
Commerce, Paris, France, which is in effect on the date of
issue.
EUCPURR LATEST VERSION The credit is subject to the version of the Supplement of the
issue. The reimbursement is subject to the version of the
Uniform Rules for Bank-to-Bank Reimbursements,
International Chamber of Commerce, Paris, France, which is in
effect on the date of issue.
ISP LATEST VERSION The standby letter of credit is subject to the version of the ICC
International Standby Practices, International Chamber of
issue.
OTHR The credit is subject to any other rules.
UCP LATEST VERSION The credit is subject to the version of the ICC Uniform
Customs and Practice for Documentary Credits, International
Chamber of Commerce, Paris, France, which is in effect on the
date of issue.

UCPURR LATEST VERSION The credit is subject to the version of the ICC Uniform
date of issue. The reimbursement is subject to the version of
the Uniform Rules for Bank-to-Bank Reimbursements under
documentary credits, International Chamber of Commerce,
Paris, France, which is in effect on the date of issue.
Subfield 2 of field 40E, that is, "/"35x, is only allowed when subfield 1 of this field consists of OTHR (Error
code(s): D81).
7. Field 31D: Date and Place of Expiry

FORMAT
Option D 6!n29x (Date)(Place)
PRESENCE
Mandatory
DEFINITION
This field specifies the latest date for presentation under the documentary credit and the place where
documents may be presented.
8. Field 51a: Applicant Bank

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

4!a2!a2!c[3!c] (Identifier Code)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name & Address)
PRESENCE
Optional
DEFINITION
This field specifies the bank of the applicant customer, if different from the issuing bank.
Identifier Code must be a registered BIC (Error code(s): T27,T28,T29,T45).
Identifier Code must not be a BEI. See 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).
9. Field 50: Applicant

FORMAT
PRESENCE
Mandatory
DEFINITION
This field specifies the party on behalf of which the documentary credit is being issued.
10. Field 59: Beneficiary

FORMAT
[/34x] (Account)
PRESENCE
Mandatory
DEFINITION
This field specifies the party in favour of which the documentary credit is being issued.
11. Field 32B: Currency Code, Amount

FORMAT
Option B 3!a15d (Currency)(Amount)
PRESENCE
Mandatory
DEFINITION
This field contains the currency code and amount of the documentary credit.
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).

USAGE RULES
Special information relative to the amount of the credit must be specified in field 39A Percentage Credit
Amount Tolerance, field 39B Maximum Credit Amount or field 39C Additional Amounts Covered.
12. Field 39A: Percentage Credit Amount Tolerance

FORMAT
Option A 2n/2n (Tolerance 1)(Tolerance 2)
PRESENCE
Conditional (see rule C1)
DEFINITION
This field specifies the tolerance relative to the documentary credit amount as a percentage plus and/or minus
that amount.
USAGE RULES
Tolerance 1 specifies a positive tolerance, the Tolerance 2 specifies a negative tolerance.
13. Field 39B: Maximum Credit Amount

FORMAT
Option B 13x
PRESENCE
DEFINITION
This field further qualifies the documentary credit amount.
CODES
The following code must be used (Error code(s): T01):
NOT EXCEEDING Qualifies the documentary credit amount.
14. Field 39C: Additional Amounts Covered

FORMAT
Option C 4*35x (Narrative)
PRESENCE
Optional
DEFINITION
This field specifies any additional amounts available to the beneficiary under the terms of the credit, such as
insurance, freight, interest, etc.
15. Field 41a: Available With ... By ...

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

14x (Code)
Option D 4*35x (Name and Address)
14x (Code)
PRESENCE
Mandatory
DEFINITION
This field identifies the bank with which the credit is available (the place for presentation) and an indication of
how the credit is available.
CODES
In option A, or D, Code must contain one of the following codes (Error code(s): T68)
BY ACCEPTANCE
BY DEF PAYMENT
BY MIXED PYMT
BY NEGOTIATION
BY PAYMENT
code(s): C05).
USAGE RULES
For credits subject to eUCP:
• If presentation of both electronic records and paper documents is allowed, the place for presentation of the
electronic records (that is, the electronic address to which presentation must be made) as well as the place
for presentation of the paper documents must be specified in field 47A and not in this field.
• If presentation of only electronic records is allowed, the place for presentation of the electronic records
(that is, the electronic address to which presentation must be made) must be specified in field 47A and not
in this field.

If the credit is to be freely negotiable by any bank, option D must be used with the phrase Any bank in ... (city
or country). If the credit is to be freely negotiable by any bank anywhere in the world, an indication of country
is not required.
When Code contains either BY DEF PAYMENT or BY MIXED PYMT, the specific details of the payment terms
must be specified in field 42P and 42M respectively.
When Code contains BY PAYMENT, this should be understood to mean payment at sight.
16. Field 42C: Drafts at ...

FORMAT
PRESENCE
Conditional (see rules C2 and C3)
DEFINITION
This field specifies the tenor of drafts to be drawn under the documentary credit.
17. Field 42a: Drawee

FORMAT

PRESENCE
DEFINITION
This field identifies the drawee of the drafts to be drawn under the documentary credit.
code(s): C05).
USAGE RULES
The drawee must be a bank. If drafts on the applicant are required, they are to be listed as documents in field
46A.
The Party Identifier must not be present.
18. Field 42M: Mixed Payment Details

FORMAT
Option M 4*35x (Narrative)
PRESENCE
DEFINITION
This field specifies the payment dates, amounts and/or method for their determination in a documentary credit
which is available by mixed payment.
19. Field 42P: Deferred Payment Details

FORMAT
Option P 4*35x (Narrative)
PRESENCE
DEFINITION
This field specifies the payment date or method for its determination in a documentary credit which is available
by deferred payment only.
20. Field 43P: Partial Shipments

FORMAT
PRESENCE
Optional
DEFINITION
This field specifies whether or not partial shipments are allowed under the documentary credit.
21. Field 43T: Transshipment

FORMAT
Option T 1*35x (Narrative)
PRESENCE
Optional

DEFINITION
This field specifies whether or not transshipment is allowed under the documentary credit.
22. Field 44A: Place of Taking in Charge/Dispatch from .../Place of

Receipt
FORMAT
Option A 1*65x (Narrative)
PRESENCE
Optional
DEFINITION
This field specifies the place of taking in charge (in case of a multimodal transport document), the place of
receipt (in case of a road, rail or inland waterway transport document or a courier or expedited delivery service
document), the place of dispatch or the place of shipment to be indicated on the transport document.
23. Field 44E: Port of Loading/Airport of Departure

FORMAT
Option E 1*65x (Narrative)
PRESENCE
Optional
DEFINITION
This field specifies the port of loading or airport of departure to be indicated on the transport document.
24. Field 44F: Port of Discharge/Airport of Destination

FORMAT
Option F 1*65x (Narrative)
PRESENCE
Optional
DEFINITION
This field specifies the port of discharge or airport of destination to be indicated on the transport document.
25. Field 44B: Place of Final Destination/For Transportation to .../Place

of Delivery
FORMAT
Option B 1*65x (Narrative)
PRESENCE
Optional
DEFINITION
This field specifies the final destination or place of delivery to be indicated on the transport document.
26. Field 44C: Latest Date of Shipment

FORMAT
Option C 6!n (Date)
PRESENCE
DEFINITION
This field specifies the latest date for loading on board/dispatch/taking in charge.
Date must be a valid date expressed as YYMMDD (Error code(s): T50).
27. Field 44D: Shipment Period

FORMAT
Option D 6*65x (Narrative)
PRESENCE
DEFINITION
This field specifies the period of time during which the goods are to be loaded on board/despatched/taken in
charge.
28. Field 45A: Description of Goods and/or Services

FORMAT

PRESENCE
Optional
DEFINITION
This field contains a description of the goods and/or services.
USAGE RULES
Terms such as FOB, CIF, etc. should be specified in this field.
To cater for lengthy documentary credits, up to three MT 701s may be sent in addition to an MT 700.
However, field 45a may appear in only one message, that is, either in the MT 700 or in one MT 701.
This means that in any documentary credit, there is a limit of 100 lines of 65 characters to specify the
description of goods and/or services.
Some examples of valid combinations:
• MT 700 contains field 45A, 46A, and 47A.
• MT 700 contains field 45A; the subsequent MT 701 contains fields 46B and 47B.
• MT 700 contains field 46A; the first MT 701 contains field 45B; the second MT 701 contains field 47B.
• MT 700 does not contain fields 45A, 46A or 47A; the first MT 701 contains field 45B; the second MT 701
contains field 46B; the third MT 701 contains field 47B.
Some examples of invalid combinations:
• MT 700 contains field 45A; the first MT 701 contains fields 45B and 46B; the second MT 701 contains field
47B (INVALID because there are two fields 45a).
• MT 700 contains field 45A; the first MT 701 contains field 45B; the second MT 701 contains fields 45B,
46B and 47B (INVALID because there are three fields 45a).
The specification of each new item should begin on a new line, preceded by the sign '+'.
29. Field 46A: Documents Required

FORMAT
PRESENCE
Optional
DEFINITION
This field contains a description of any documents required.
USAGE RULES
When the ultimate date of issue of a transport document is specified, it is to be specified with the relative
document in this field.
For credits subject to eUCP, the format in which electronic records are to be presented must be specified in
this field.
documents required.
30. Field 47A: Additional Conditions

FORMAT
PRESENCE
Optional
DEFINITION
This field contains a description of further conditions of the documentary credit.
USAGE RULES
In case the documentary credit is subject to any rules for which no code words are provided in field 40E,
further details should be specified in this field.
However, field 47a may appear in only one message, that is, either in the MT 700 or in one MT 701. This
means that in any documentary credit, there is a limit of 100 lines of 65 characters to specify the additional
conditions.

Where applicable, for credits subject to eUCP:
for presentation of the paper documents must be specified in this field.
(that is, the electronic address to which presentation must be made) must be specified in this field.
• If not already part of the original documentary credit, the advising bank, that is, the receiver of the
message, must provide the beneficiary or another advising bank with the electronic address of the issuing
bank. Furthermore, the advising bank must provide the beneficiary or another advising bank with the
electronic address where they wish the electronic records to be presented.
• In case the electronic address contains the "@" sign, the latter should be replaced by "(AT)".
In case the electronic address contains the "_", the latter should be replaced by "(UNDERSCORE)".
Examples:
◦ [email protected] should be shown as
EUCP(AT)DRESDNER-BANK.COM
EUCP(UNDERSCORE)RECS(AT)DRESDNER-BANK.COM
EXAMPLE
:47A:+NOT SUBJECT TO ICC UCP500
:47A:+SUBJECT TO ICC EUCP VERSION 1.0
31. Field 71B: Charges

FORMAT
In addition to narrative text, the following line formats may be used:
Line 1 /8a/[3!a13d][additional (Code)(Currency)(Amount)(Narrative)

information]
Lines 2-6 [//continuation of additional
information]
PRESENCE
Optional
DEFINITION
This field may be used only to specify charges to be borne by the beneficiary.
CODES
One or more of the following codes may be used, followed by the currency code and amount:
AGENT Agent's commission
COMM Our commission
CORCOM Our correspondent's commission
DISC Commercial discount
INSUR Insurance premium
POST Our postage
STAMP Stamp duty
TELECHAR Teletransmission charges
WAREHOUS Wharfing and warehouse
USAGE RULES
In the absence of this field, all charges, except negotiation and transfer charges, are to be borne by the
applicant.
Any code used in this field must be between slashes and must appear at the beginning of a line.
Narrative text must not begin with a slash and, if used, must begin on a new line and be the last information in
the field.
32. Field 48: Period for Presentation

FORMAT
4*35x (Narrative)
PRESENCE
Optional

DEFINITION
This field specifies the period of time after the date of shipment within which the documents must be
presented for payment, acceptance or negotiation.
USAGE RULES
The period of time is expressed in number of days.
The absence of this field means that the presentation period is 21 days, where applicable.
33. Field 49: Confirmation Instructions

FORMAT
7!x (Instruction)
PRESENCE
Mandatory
DEFINITION
This field contains confirmation instructions for the Receiver.
CODES
CONFIRM The Receiver is requested to confirm the credit.
MAY ADD The Receiver may add its confirmation to the credit.
WITHOUT The Receiver is not requested to confirm the credit.
34. Field 53a: Reimbursing Bank

FORMAT

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. This may be a branch of the Sender or the Receiver, or an entirely different
bank.
code(s): C05).
USAGE RULES
With the exception of a credit valid for negotiation, if there is a single direct account relationship, in the
currency of the credit, between the Sender and the Receiver, the absence of field 53a means that this account
relationship will be used for reimbursement.
35. Field 78: Instructions to the Paying/Accepting/Negotiating Bank

FORMAT
12*65x (Narrative)
PRESENCE
Optional
DEFINITION
This field specifies instructions to the paying, accepting or negotiating bank. It may also indicate if pre-
notification of a reimbursement claim or pre-debit notification to the issuing bank is required.
USAGE RULES
When used to indicate pre-notification of a reimbursement claim or pre-debit notification to the issuing bank is
required, the number and type, that is, banking or calendar, of days within which the issuing bank has to be
notified should also be indicated.
36. Field 57a: 'Advise Through' Bank

FORMAT

Option B [/1!a][/34x] (Party Identifier)
[35x] (Location)
PRESENCE
Optional
DEFINITION
This field identifies the bank, if different from the Receiver, through which the documentary credit is to be
advised/confirmed to the beneficiary.

code(s): C05).
37. 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 /8c/[additional information]

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:
PHONBEN Please advise/contact beneficiary by phone.
TELEBEN Please advise the beneficiary by the most efficient means of telecommunication.
USAGE RULES
Any code must be between slashes and must appear at the beginning of a line.
the field.
MT 700 Examples
Narrative
ABC Company, Kaerntnerstrasse 3, Vienna, imports beer from Amdam Company, PO Box 123, Amsterdam,
under a documentary credit.
ABC Co.'s bank is Oesterreichische Laenderbank, Vienna. Amdam Co.'s bank is Bank Mees en Hope,
Amsterdam.
In addition to the above information, the documentary credit is comprised of the following:
Type of Credit: IRREVOCABLE
Documentary Credit Number: 12345
Date of Issue: 17 May 2003
Expiry Date: 30 July 2003
Place of Expiry: Advising Bank
Amount: Euro 100,000
Advising Bank: Amsterdam-Rotterdam Bank

Amsterdam
Available With: Advising Bank

By sight payment
Shipment: 400,000 Bottles of beer

Packed 12 to an export carton
FCA Amsterdam
Against presentation of the following documents Signed Commercial Invoice in Quintuplicate

through the Advising Bank: Forwarding Agent's Certificate of Receipt, showing
goods addressed to Applicant.
Documents are to be presented within 6 days after the date of issuance of the Forwarding Agent's Certificate
of Receipt (FCR).
Confirmation is requested.
Taking in charge at Amsterdam for transportation to Vienna.
Transshipment and partial shipments are permitted.
The documentary credit has been pre-advised on 10 May 2003.

Information Flow
SWIFT Message
Explanation Format
Sender OELBATWW
Message Type 700
Receiver AMRONL2A
Message Text
Sequence of Total :27:1/1
Form of Documentary Credit :40A:IRREVOCABLE
Documentary Credit Number :20:12345
Reference to Pre-Advice :23:PREADV/030510
Date of Issue :31C:030517
Applicable Rules :40E:UCP LATEST VERSION
Date and Place of Expiry :31D:030730AMSTERDAM
Applicant :50:ABC COMPANY

KAERNTNERSTRASSE 3
VIENNA
Explanation Format
Beneficiary :59:AMDAM COMPANY

PO BOX 123
AMSTERDAM
Currency Code/Amount :32B:EUR100000,
Available With ... By ... :41A:AMRONL2A

BY PAYMENT
Partial Shipments :43P:ALLOWED
Transshipment :43T:ALLOWED
Taking in Charge ... :44A:AMSTERDAM
For Transportation to ... :44B:VIENNA
Description of Goods :45A:+400,000 BOTTLES OF BEER

PACKED 12 TO AN EXPORT CARTON
+FCA AMSTERDAM
Documents Required :46A:+SIGNED COMMERCIAL INVOICE IN

QUINTUPLICATE
+ FORWARDING AGENTS CERTIFICATE OF RECEIPT
SHOWING GOODS ADDRESSED TO THE APPLICANT
Period for Presentation :48:WITHIN 6 DAYS OF ISSUANCE OF FCR
Confirmation Instructions :49:CONFIRM
'Advise Through' Bank :57A:MEESNL2A
End of Message Text/Trailer

MT 701 Scope
It is used to indicate the terms and conditions of a documentary credit which has been originated by the
Sender (issuing bank).
This message is sent in addition to an MT 700 Issue of a Documentary Credit, when the information in the
documentary credit exceeds the maximum input message length of the MT 700.

O 45B Description of Goods and/or Services 100*65x 3
O 46B Documents Required 100*65x 4
O 47B Additional Conditions 100*65x 5

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, if the Receiver does not further transmit the credit by MT 710, it
must add sentences to the effect that:
expressions such as ourselves, yourselves , us, or you.

FORMAT
PRESENCE
Mandatory
DEFINITION

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
T26).
3. Field 45B: Description of Goods and/or Services

FORMAT
PRESENCE
Optional
DEFINITION
USAGE RULES

4. Field 46B: Documents Required

FORMAT
PRESENCE
Optional
DEFINITION
USAGE RULES
this field.
documents required.
5. Field 47B: Additional Conditions

FORMAT
PRESENCE
Optional
DEFINITION
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, further details should be specified in this field.
conditions.

Examples:
EXAMPLE
:47B:+NOT SUBJECT TO ICC UCP500
:47B:+SUBJECT TO ICC EUCP VERSION 1.0
MT 701 Examples
There are no examples for this message type.
MT 705 Pre-Advice of a Documentary Credit
MT 705 Scope
It is a brief advice of a documentary credit, the full details of which will follow.
The pre-advice is not an operative credit instrument. Unless otherwise stated, the issuing bank must forward
the operative credit instrument, that is, MT 700 Issue of a Documentary credit, without delay.

M 40A Form of Documentary Credit 24x 1
4*35x
O 41a Available With ... By ... A or D 10

of Receipt

Place of Delivery
O 79 Narrative 35*50x 19



1. Field 40A: Form of Documentary Credit
FORMAT
Option A 24x (Type)
PRESENCE
Mandatory
DEFINITION
This field specifies the type of credit.
CODES

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
T26).

FORMAT
PRESENCE
Mandatory
DEFINITION

FORMAT
4*35x (Narrative)
PRESENCE
Mandatory
DEFINITION
This field specifies the party on behalf of which the documentary credit is being issued.

FORMAT
[/34x] (Account)
PRESENCE
Mandatory
DEFINITION
This field specifies the party in favour of which the documentary credit is being issued.


FORMAT
PRESENCE
Mandatory
DEFINITION
This field contains the currency and amount of the documentary credit.
USAGE RULES

FORMAT
PRESENCE
DEFINITION
that amount.
USAGE RULES
Tolerance 1 specifies a positive tolerance, Tolerance 2 specifies a negative tolerance.

FORMAT
Option B 13x (Code)
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
Optional
DEFINITION
This field specifies any additional amounts covered such as insurance, freight, interest, etc.

FORMAT

14x (Code)
Option D 4*35x (Name & Address)
14x (Code)
PRESENCE
Optional
DEFINITION
CODES
In option A, or D, Code must contain one of the following codes (Error code(s): T68):
BY ACCEPTANCE
BY DEF PAYMENT
BY MIXED PYMT
BY NEGOTIATION
BY PAYMENT

code(s): C05).
USAGE RULES
or country).
If the credit is to be freely negotiable by any bank anywhere in the world, an indication of country is not
required.

Receipt
FORMAT
PRESENCE
Optional
DEFINITION

FORMAT
PRESENCE
Optional
DEFINITION

FORMAT
PRESENCE
Optional
DEFINITION

of Delivery
FORMAT
PRESENCE
Optional
DEFINITION

FORMAT
Option C 6!n (Date)
PRESENCE
DEFINITION

FORMAT

PRESENCE
DEFINITION
charge.

FORMAT
PRESENCE
Optional
DEFINITION
This field contains a description of the goods or services.
USAGE RULES

FORMAT

[35x] (Location)
PRESENCE
Optional
DEFINITION
This field identifies the bank, if different from the Receiver, through which the pre-advice of a documentary
credit is to be advised to the beneficiary.
code(s): C05).
19. Field 79: Narrative

FORMAT
35*50x (Narrative)
PRESENCE
Optional
DEFINITION
This field specifies additional information concerning the documentary credit.

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION
CODES
USAGE RULES
the field.

MT 705 Examples
Narrative
Oesterreichische Laenderbank, Vienna, is going to issue its irrevocable documentary credit 12345, for Euro
100,000 on behalf of ABC Company, Kaerntnerstrasse 3, Vienna.
The credit is in favour of Amdam Company, PO Box 123, Amsterdam, covering 400,000 bottles of beer. It is
valid until 30 July 2003.
Amdam Company is to be advised through Bank Mees en Hope, Amsterdam.
Oesterreichische Laenderbank sends a pre-advice of the credit to the advising bank, Amsterdam-Rotterdam
Bank, Amsterdam.
(To review the issue of the documentary credit with all of the credit details, see the Example Section of the
MT 700).
Information Flow
SWIFT Message
Explanation Format
Sender OELBATWW
Message Type 705
Receiver AMRONL2A
Message Text
Explanation Format

KAERNTNERSTRASSE 3
VIENNA

PO BOX 123
AMSTERDAM
'Advise Through' Bank :57A:MEESNL2A

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

M 20 Sender's Reference 16x 1
M 21 Receiver's Reference 16x 2
O 23 Issuing Bank's Reference 16x 3
O 52a Issuing Bank A or D 4
O 30 Date of Amendment 6!n 6
O 26E Number of Amendment 2n 7
M 59 Beneficiary (before this amendment) [/34x] 8

4*35x
O 31E New Date of Expiry 6!n 9
O 32B Increase of Documentary Credit Amount 3!a15d 10
O 33B Decrease of Documentary Credit Amount 3!a15d 11
O 34B New Documentary Credit Amount After 3!a15d 12

Amendment

of Receipt

Place of Delivery
----->
O 79 Narrative 35*50x 22
-----|

C1 If either field 32B or 33B is present, field 34B must also be present (Error code(s): C12).
C2 If field 34B is present, either field 32B or 33B must also be present (Error code(s): C12).
C3 If field 23 is present, field 52a must also be present (Error code(s): C16).
C6 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).
C7 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, that is, 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.


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.
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.
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, that is, it is sent by an
advising bank.
4. Field 52a: Issuing Bank

FORMAT

PRESENCE
DEFINITION
This field is used to identify the issuing bank, when different from the Sender of the message.
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.

FORMAT
Option C 6!n (Date)
PRESENCE
Optional
DEFINITION
This field specifies the date of the original issue of the documentary credit, that is, the date on which the
issuing bank considers the credit as being issued.

6. Field 30: Date of Amendment

FORMAT
6!n (Date)
PRESENCE
Optional
DEFINITION
This field specifies the date on which the issuing bank considers the credit as being amended.
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 2n (Number)
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.
8. Field 59: Beneficiary (before this amendment)

FORMAT
[/34x] (Account)
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, for example, the name and address of the new beneficiary.
9. Field 31E: New Date of Expiry

FORMAT
Option E 6!n (Date)
PRESENCE
DEFINITION
This field specifies the new, that is, revised, expiry date for presentation under the documentary credit.
10. Field 32B: Increase of Documentary Credit Amount

FORMAT
PRESENCE
DEFINITION
This field contains the currency and amount of an increase in the documentary credit amount.

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.
11. Field 33B: Decrease of Documentary Credit Amount

FORMAT
PRESENCE
DEFINITION
This field contains the currency code and amount of a decrease in the documentary credit amount.
USAGE RULES
The currency of any decrease in the credit amount must be in the same currency as that of the original credit
amount.
12. Field 34B: New Documentary Credit Amount After Amendment

FORMAT
PRESENCE
DEFINITION
This field contains the currency code and total amount of the documentary credit after the amendment,
disregarding any drawings.

FORMAT
PRESENCE
DEFINITION
When the credit amount tolerance is being amended, this field specifies the new tolerance relative to the
documentary credit amount as a percentage plus and/or minus that amount.
USAGE RULES

FORMAT
Option B 13x (Code)
PRESENCE
DEFINITION
This field specifies the amended qualification of the documentary credit amount.
CODES

FORMAT

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

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

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

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

of Delivery
FORMAT
PRESENCE
DEFINITION
This field specifies amendments to the final destination or place of delivery to be indicated on the transport
document.

FORMAT
Option C 6!n (Date)
PRESENCE
DEFINITION
This field specifies amendments to the latest date for loading on board/dispatch/taking in charge.

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


FORMAT
35*50x (Narrative)
PRESENCE
DEFINITION
This field specifies amendments to the documentary credit for which there is no other specific field.
CODES
The following code may be used:
CANCEL The documentary credit is cancelled for the unutilized portion.
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.
When an MT 707 is used to convey only brief details which are not intended to form part of the operative
instrument, this field must contain the phrase DETAILS TO FOLLOW.
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. The number and type, that is, banking or calendar, of days within which the
issuing bank has to be notified is also to be indicated.
In case the name of the beneficiary is being amended by this message, the new name and address of the
beneficiary should be explicitly indicated in this field. The new name and address of the beneficiary applies
wherever the original name and address of the beneficiary appeared in the original credit.
This field may occur up to two times.

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
DEFINITION
CODES
BENCON The Receiver is requested to advise the beneficiary's acceptance or non-acceptance

of the terms and conditions contained in the amendment.
USAGE RULES
the field.
MT 707 Examples
Example 1: Issue of a Documentary Credit
Narrative
Solvia AB. PO Box 123, Upsala, Sweden, imports computer and electrical parts from Proquinal S.A., 48 rue de
la Bourse, Brussels, under a documentary credit, issued on 17 May 2003.
The documentary credit is in US dollars.
Solvia AB banks with Skandinaviska Enskilda Banken, Stockholm.
Proquinal S.A. banks with Generale Bank, Brussels.
The following information comprises the documentary credit:
Type of Credit: IRREVOCABLE
Documentary credit Number: DC.IMP 3410/3444
Place of Expiry: Brussels
Amount: US Dollars 31,500
Available With: Advising Bank by acceptance of Beneficiary's draft

drawn at 30 days after bill of lading date on
Generale Bank
Shipment of:
1 2209 b-4, cpu 16k memory 6 i/o slots 177-2200-74

1 2219 b-gr, 12" 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" crt (64 x 16) u/l keyboard console with contr.
1 2291 w-2 - gr. line printer
1 2269d 1/2, 2,5 mb-p + 2,5 mb-r disk drive
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
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, 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
• 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.
Transshipment 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
SWIFT Message
Message A MT 700
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 Format
Sender ESSESESS
Message Type 700
Receiver GEBABEBB
Message Text
Form of D/C :40A:IRREVOCABLE
D/C Number :20:DC.IMP 3410/3444

Explanation Format
Date and Place of Expiry :31D:030730BRUSSELS
Applicant :50:SOLVIA AB
PO BOX 123
UPSALA, SWEDEN
Beneficiary :59:PROQUINAL S.A.

48 RUE DE LA BOURSE
BRUSSELS
Curr/Amount :32B:USD31500,
Available With ... :41A:GEBABEBB

By ... BY ACCEPTANCE
Drafts at ... :42C:30 DYS AFTER BLADING
Drawn on ... :42A:GEBABEBB36A
Partial Shipment :43P:NOT ALLOWED
Transshipment :43T:NOT ALLOWED
Loading ... :44A:ANTWERP
Transport ... :44B:STOCKHOLM
Additional Conditions :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
Charges :71B:ALL CHARGES FOR THE BENEFICIARY'S

ACCOUNT EXCEPT
COMMISSION RELATED TO THE ACCEPTANCE OF THE
DRAFT
Period for Presentation :48:DOCUMENTS MUST BE PRESENTED WITHIN 10

DAYS AFTER BILL OF LADING DATE
Confirm Inst. :49:CONFIRM
Reimbursement :53A:MAHAUS33
Instructions :78:ALL DOCUMENTS MUST BE FORWARDED TO US

IN ONE LOT
Message B MT 701
Explanation Format
Sender ESSESESS
Message Type 701
Receiver GEBABEBB
Explanation Format
Message Text
Description :45B:+1 2209 B-4,CPU 16K MEMORY 6 I/O SLOTS

of Goods 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
Message C MT 701
Explanation Format
Sender ESSESESS
Message Type 701
Receiver GEBABEBB
Message Text

Explanation Format
Documents Required :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
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.
• The bill of lading is to be issued not later than 20 September 2003.
Information Flow
SWIFT Message
Explanation Format
Sender ESSESESS
Message Type 707
Receiver GEBABEBB
Message Text
Sender's Reference :20:DC.IMP 3410/3444
Receiver's Reference :21:NONREF
Date of Amendment :30:030521
Number of Amendment :26E:01
Beneficiary :59:PROQUINAL S.A.

48 RUE DE LA BOURSE
BRUSSELS
New Date of Expiry :31E:030930
Increase of D/C :32B:USD3250,
New D/C Amount :34B:USD34750,
Narrative :79:BILLS OF LADING TO BE ISSUED NOT LATER

THAN 20 SEPTEMBER 2003

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

Documentary Credit
MT 710 Scope
This message is sent by an advising bank, 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.
It is used to advise the Receiver about the terms and conditions of a documentary credit.

M 40B Form of Documentary Credit 24x 2

24x
O 23 Reference to Pre-Advice 16x 5
M 31C Date of Issue 6!n 6
O 52a Issuing Bank A or D 9
O 50B Non-Bank Issuer 4*35x 10
O 51a Applicant Bank A or D 11
4*35x
O 42C Drafts at ... 3*35x 19

of Receipt

Place of Delivery
O 53a Reimbursing Bank A or D 37

Bank

C5 Either field 52a "Issuing Bank" or field 50B "Non-Bank Issuer", but not both, must be present (Error
code(s): C06).

MT 710 Usage Rules

• For freely negotiable documentary credits, if the Receiver does not further transmit the credit by another
MT 710, it must add sentences to the effect that:
• If this message is used to advise a non-bank issued documentary credit, field 50B must be present.

FORMAT
PRESENCE
Mandatory
DEFINITION
2. Field 40B: Form of Documentary Credit

FORMAT
Option B 24x (Type)

24x (Code)
PRESENCE
Mandatory
DEFINITION
This field specifies the type of credit and whether or not the Sender is adding its confirmation to the credit.
CODES
Type must contain one of the following codes (Error code(s): T64):
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.
WITHOUT OUR CONFIRMATION The Sender is not 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.

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field contains the reference number which the Sender has assigned to the documentary credit.
T26).

FORMAT
16x

PRESENCE
Mandatory
DEFINITION
This field specifies the documentary credit number which has been assigned by the issuing bank.
T26).
5. 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, for
example, by date.

FORMAT
Option C 6!n (Date)
PRESENCE
Mandatory
DEFINITION
This field specifies the date on which the issuing bank considers the documentary credit as being issued.
USAGE RULES
If this field was not present in the MT 700/701 Issue of a Documentary Credit, the date of issue is the date on
which the MT 700/701 was sent.

FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
issue.
issue.
date of issue.
Subfield 2 of field 40E, that is, "/"35x, is only allowed when subfield 1 of this field consists of OTHR (Error
code(s): D81).


FORMAT
PRESENCE
Mandatory
DEFINITION

FORMAT

Option D [/1!a][/34x] (Party Identifier)(Name & Address)
4*35x
PRESENCE
DEFINITION
This field specifies the issuing bank of the credit.
code(s): C05).
10. Field 50B: Non-Bank Issuer

FORMAT
Option B 4*35x (Name & Address)
PRESENCE
DEFINITION
This field specifies the non-bank issuer of the credit.
11. Field 51a: Applicant Bank

FORMAT

PRESENCE
Optional
DEFINITION
This field specifies the bank of the applicant customer, if different from the issuing bank.
code(s): C05).

FORMAT
PRESENCE
Mandatory
DEFINITION
This field specifies the party on behalf of which the documentary credit has been issued.

FORMAT
[/34x] (Account)
PRESENCE
Mandatory

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

FORMAT
PRESENCE
Mandatory
DEFINITION
USAGE RULES
Special information relative to the amount of the credit must be specified in field 39B Maximum Credit Amount.

FORMAT
PRESENCE
DEFINITION
that amount.
USAGE RULES

FORMAT
Option B 13x (Code)
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
Optional
DEFINITION

FORMAT

14x (Code)
14x (Code)
PRESENCE
Mandatory
DEFINITION
CODES
BY ACCEPTANCE
BY DEF PAYMENT
BY MIXED PYMT

BY NEGOTIATION
BY PAYMENT
code(s): C05).
USAGE RULES
in this field.
or country).
required.
must be specified in fields 42P and 42M respectively.

FORMAT
PRESENCE
DEFINITION

FORMAT


PRESENCE
DEFINITION
code(s): C05).
USAGE RULES
46A.

FORMAT
PRESENCE
DEFINITION

FORMAT
PRESENCE

DEFINITION

FORMAT
PRESENCE
Optional
DEFINITION

FORMAT
PRESENCE
Optional
DEFINITION

Receipt
FORMAT
PRESENCE
Optional
DEFINITION

FORMAT
PRESENCE
Optional
DEFINITION

FORMAT
PRESENCE
Optional
DEFINITION

of Delivery
FORMAT
PRESENCE
Optional
DEFINITION

FORMAT
Option C 6!n (Date)
PRESENCE

DEFINITION

FORMAT
PRESENCE
DEFINITION
charge.

FORMAT
PRESENCE
Optional
DEFINITION
USAGE RULES

FORMAT
PRESENCE
Optional
DEFINITION
USAGE RULES
this field.
documents required.


FORMAT
PRESENCE
Optional
DEFINITION
USAGE RULES
conditions.
Examples:
EXAMPLE

FORMAT

information]
information]
PRESENCE
Optional
DEFINITION
CODES
COMM Our commission

POST Our postage
STAMP Stamp duty
USAGE RULES
applicant.
the field.

FORMAT
4*35x (Narrative)
PRESENCE
Optional
DEFINITION
USAGE RULES
The period for presentation is expressed in number of days.

FORMAT
7!x (Instruction)
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT

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.
code(s): C05).
USAGE RULES
The absence of this field does not imply authority to debit the Sender.

FORMAT
12*65x (Narrative)
PRESENCE
Optional
DEFINITION

USAGE RULES

FORMAT

[35x] (Location)
PRESENCE
Optional
DEFINITION
code(s): C05).

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION
CODES
USAGE RULES
the field.
MT 710 Examples
Narrative
ABC Company in Austria imports beer from Amdam Company in the Netherlands under a documentary credit.
ABC Co.'s bank is Oesterreichische Laenderbank, Vienna. Amdam Co.'s bank is Bank Mees en Hope,
Amsterdam.
Oesterreichische Laenderbank issues its documentary credit, number 12345, through its correspondent in
Amsterdam, Amsterdam-Rotterdam Bank. (To review the terms and conditions of the documentary credit, see
MT 700 Issue of a Documentary Credit.)
Amsterdam-Rotterdam Bank advises the credit (reference 606487) through Bank Mees en Hope, Amsterdam.

Information Flow
SWIFT Message
Explanation Format
Sender AMRONL2A
Message Type 710
Receiver MEESNL2A
Message Text
Form of Documentary Credit :40B:IRREVOCABLE

ADDING OUR CONFIRMATION
Sender's Reference :20:606487
Reference to Pre-Advice :23:PREADV/030510
Date of Issue (Original D/C) :31C:030517
Issuing Bank :52A:OELBATWW
Explanation Format

KAERNTNERSTRASSE 3
VIENNA

PO BOX 123
AMSTERDAM

BY PAYMENT
Partial Shipments :43P:ALLOWED

+PACKED 12 TO AN EXPORT CARTON
+FCA AMSTERDAM

QUINTUPLICATE
+FORWARDING AGENTS CERTIFICATE OF RECEIPT
Period for Presentation :48:WITHIN 6 DAYS OF ISSUANCE OF FCR
Confirmation Instructions :49:WITHOUT

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, 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.
It is used to advise the Receiver about the terms and conditions of a documentary credit.
This message is sent in addition to an MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit,
when the information in the documentary credit exceeds the maximum input message length of the MT 710.


MT 711 Usage Rules

• For freely negotiable documentary credits, if the Receiver does not further transmit the credit by another
MT 710, it must add sentences to the effect that:

FORMAT
PRESENCE
Mandatory
DEFINITION

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field contains the reference number which the Sender has assigned to the documentary credit.
T26).

FORMAT
16x
PRESENCE
Mandatory
DEFINITION

T26).

FORMAT
PRESENCE
Optional
DEFINITION
USAGE RULES

FORMAT
PRESENCE
Optional
DEFINITION
USAGE RULES
this field.
documents required.

FORMAT
PRESENCE
Optional
DEFINITION

USAGE RULES
conditions.
Examples:
EXAMPLE
MT 720 Transfer of a Documentary Credit
MT 720 Scope
When a beneficiary has requested the transfer of a documentary credit - originally issued by a bank or a non-
bank - to a second beneficiary, this message is sent by the bank authorised to advise the transfer of the
documentary credit, to the bank advising the second beneficiary.
It is used to advise the Receiver about the terms and conditions of the transferred documentary credit, or part
thereof.

M 40B Form of Documentary Credit 24x 2

24x
M 20 Transferring Bank's Reference 16x 3
O 52a Issuing Bank of the Original Documentary Credit A or D 8
O 50B Non-Bank Issuer of the Original Documentary 4*35x 9

Credit
M 50 First Beneficiary 4*35x 10
M 59 Second Beneficiary [/34x] 11

4*35x
O 42C Drafts at ... 3*35x 17


of Receipt

Place of Delivery

Bank

C5 Either field 52a "Issuing Bank" or field 50B "Non-Bank Issuer", but not both, must be present (Error
code(s): C06).
MT 720 Usage Rules


• For freely negotiable documentary credits, the Receiver must add sentences to the effect that:
• If this message is used to transfer a non-bank issued documentary credit, field 50B must be present.
• The transferring bank must transfer the documentary credit, including all its details, in a way that is clear
and unambiguous to the beneficiary.

FORMAT
PRESENCE
Mandatory
DEFINITION
2. Field 40B: Form of Documentary Credit

FORMAT
Option B 24x (Type)

24x (Code)
PRESENCE
Mandatory
DEFINITION
This field specifies the type of credit and whether or not the Sender is adding its confirmation to the credit.
CODES
IRREVOCABLE The documentary credit/standby letter of credit is irrevocable.

REVOCABLE The documentary credit/standby letter of credit is revocable.
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.
WITHOUT OUR CONFIRMATION The Sender is not adding its confirmation to the credit.
3. 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.
T26).

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
T26).


FORMAT
Option C 6!n (Date)
PRESENCE
Optional
DEFINITION
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.
It is strongly recommended that this field be included in the MT 720.

FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
issue.

issue.
date of issue.
Subfield 2 of field 40E, that is "/"35x, is only allowed when subfield 1 of this field consists of OTHR (Error
code(s): D81).

FORMAT
PRESENCE
Mandatory
DEFINITION

8. Field 52a: Issuing Bank of the Original Documentary Credit

FORMAT

PRESENCE
DEFINITION
This field specifies the issuing bank of the original documentary credit.
code(s): C05).
USAGE RULES
In the absence of this field, the Sender of the message is the issuing bank of the original documentary credit.
9. Field 50B: Non-Bank Issuer of the Original Documentary Credit

FORMAT
Option B 4*35x (Name & Address)
PRESENCE
DEFINITION
This field specifies the non-bank issuer of the original documentary credit.
10. Field 50: First Beneficiary

FORMAT
PRESENCE
Mandatory

DEFINITION
This field specifies the party on behalf of which the documentary credit has been issued/transferred.
11. Field 59: Second Beneficiary

FORMAT
[/34x] (Account)
PRESENCE
Mandatory
DEFINITION
This field specifies the name of the beneficiary of the transferred credit, referred to in the UCP as the second
beneficiary.

FORMAT
PRESENCE
Mandatory
DEFINITION
USAGE RULES
Special information relative to the amount of the credit must be specified in field 39B Maximum Credit Amount.

FORMAT

PRESENCE
DEFINITION
that amount.
USAGE RULES

FORMAT
Option B 13x (Code)
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
Optional
DEFINITION

FORMAT

14x (Code)


14x (Code)
PRESENCE
Mandatory
DEFINITION
CODES
BY ACCEPTANCE
BY DEF PAYMENT
BY MIXED PYMT
BY NEGOTIATION
BY PAYMENT
code(s): C05).
USAGE RULES
in this field.
or country).
required.
must be specified in field 42P and 42M.


FORMAT
PRESENCE
DEFINITION

FORMAT

PRESENCE
DEFINITION
code(s): C05).
USAGE RULES
46A.

FORMAT

PRESENCE
DEFINITION

FORMAT
PRESENCE
DEFINITION

FORMAT
PRESENCE
Optional
DEFINITION

FORMAT
PRESENCE
Optional
DEFINITION


Receipt
FORMAT
PRESENCE
Optional
DEFINITION

FORMAT
PRESENCE
Optional
DEFINITION

FORMAT
PRESENCE
Optional
DEFINITION

of Delivery
FORMAT

PRESENCE
Optional
DEFINITION

FORMAT
Option C 6!n (Date)
PRESENCE
DEFINITION

FORMAT
PRESENCE
DEFINITION
charge.

FORMAT
PRESENCE
Optional
DEFINITION

USAGE RULES

FORMAT
PRESENCE
Optional
DEFINITION
USAGE RULES
this field.
documents required.


FORMAT
PRESENCE
Optional
DEFINITION
USAGE RULES
conditions.

Examples:
EXAMPLE

FORMAT

information]
information]
PRESENCE
Optional

DEFINITION
CODES
COMM Our commission
POST Our postage
STAMP Stamp duty
USAGE RULES
applicant.
the field.

FORMAT
4*35x (Narrative)
PRESENCE
Optional
DEFINITION
USAGE RULES
The period for presentation is expressed in number of days.


FORMAT
7!x (Instruction)
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
12*65x (Narrative)
PRESENCE
Optional
DEFINITION
USAGE RULES

FORMAT

[35x] (Location)


PRESENCE
Optional
DEFINITION
code(s): C05).

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION
CODES
USAGE RULES

the field.
MT 720 Examples
Narrative
Motoimport, PO Box 9, Amsterdam, orders motor cycle and car parts from London Motospares Ltd., 12 Cycle
Square, London.
London Motospares Ltd. will obtain these parts from Cyclist Ltd., Singapore. It therefore requests a
transferable documentary credit in its own favour and transfers it in favour of Cyclist Ltd.
Motoimport banks with Nederlandsche Middenstandsbank, Amsterdam.
London Motospares Ltd. banks with Royal Bank of Scotland, London.
Cyclist Ltd. banks with the Hong Kong and Shanghai Banking Corporation, Singapore.
The documentary credit is comprised of the following:
Type of Credit: IRREVOCABLE/TRANSFERABLE
Documentary Credit Number: DAE74568
Date of Issue: 21 July 2003
Expiry Date: 30 September 2003
Place of Expiry: London
Amount: Pounds Sterling 123,675
Available With: Advising Bank

By payment
Shipment:
400 Fuel tanks model 1320 AA cont, 10 gall.
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.
The advising bank may add its confirmation to the credit.
Shipment will be from Singapore to Port of Rotterdam.
Transshipment is permitted.
Partial shipments are not permitted.
Information Flow
SWIFT Message MT 700
Explanation Format
Sender NMBANL2A
Message Type 700
Receiver RBOSGB2L
Message Text
Form of D/C :40A:IRREVOCABLE TRANSFERABLE

Explanation Format
D/C Number :20:DAE74568
Date and Place of Expiry :31D:030930LONDON
Applicant :50:MOTOIMPORT
PO BOX 9
AMSTERDAM
Beneficiary :59:LONDON MOTOSPARES LTD

12 CYCLE SQUARE
LONDON
Curr/Amount :32B:GBP123675,
Additional Amounts Covered :39C:FREIGHT MAY BE PAID IN EXCESS OF

CREDIT AMOUNT AGAINST FREIGHTNOTE IN WHICH
CASE CTD TO BE STAMPED FREIGHT PREPAID
Available With ... :41A:RBOSGB2L

By ... BY PAYMENT
Partial Ship. :43P:NOT ALLOWED
Taking in charge :44A:SINGAPORE
Transport ... :44B:ROTTERDAM
Description of Goods :45A:+400 FUEL TANKS MODEL 1320 AA CONT. 10

GALL.
+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
Documents Required :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

DAYS AFTER DATE OF ISSUE OF CTD

Explanation Format
Confirm Instructions :49:MAY ADD
Example 2: Transfer of a Documentary Credit

Narrative
On the instructions of London Motospares Ltd., Royal Bank of Scotland transfers the documentary credit
(reference IMP124678) to Hong Kong and Shanghai Banking Corporation, Singapore, in favour of Cyclists
Ltd., 498 Wheeler St., Singapore.
The amount of the transferred credit is Pounds Sterling 100,000.
Information Flow
Explanation Format
Sender RBOSGB2
Message Type 720
Receiver HSBCSGSG
Message Text
Form of D/C :40B:IRREVOCABLE ADDING OUR CONFIRMATION
Transferring Bk Ref :20:IMP124678

Explanation Format
D/C Number :21:DAE74568
Date and Place of Expiry :31D:030930LONDON
Applicant :50:LONDON MOTOSPARES LTD

12 CYCLE SQUARE
LONDON
Beneficiary :59:CYCLIST LTD

498 WHEELER ST
SINGAPORE
Currency/Amount :32B:GBP100000,
Additional Amounts Covered :39C: FREIGHT MAY BE PAID IN EXCESS OF

CREDIT AMOUNT AGAINST FREIGHTNOTE IN WHICH
CASE CTD TO BE STAMPED FREIGHT PREPAID
Available With ... By ... :41A:RBOSGB2L BY PAYMENT
Partial Ship. :43P:NOT ALLOWED
Taking in charge :44A:SINGAPORE
Transport ... :44B:ROTTERDAM
Description of the Goods :45A:+400 FUEL TANKS MODEL 1320 AA CONT. 10

GALL.
+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
Documents Required :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

DAYS AFTER DATE OF ISSUE OF CTD

Explanation Format
Confirm Instructions :49:WITHOUT

MT 721 Scope
When a beneficiary has requested the transfer of a documentary credit - originally issued by a bank or a non-
bank - to a second beneficiary, this message is sent by the bank authorised to advise the transfer of the
documentary credit, to the bank advising the second beneficiary.
It is used to advise the Receiver about the terms and conditions of the transferred documentary credit, or part
thereof.
This message is sent in addition to an MT 720 Transfer of a Documentary Credit, when the information in the
documentary credit exceeds the maximum input message length of the MT 720.

M 20 Transferring Bank's Reference 16x 2

MT 721 Usage Rules

• For freely negotiable documentary credits, the Receiver must add sentences to the effect that:

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

FORMAT
PRESENCE
Mandatory
DEFINITION
2. 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.
T26).

FORMAT
16x
PRESENCE
Mandatory
DEFINITION

T26).

FORMAT
PRESENCE
Optional
DEFINITION
USAGE RULES

FORMAT

PRESENCE
Optional
DEFINITION
USAGE RULES
this field.
documents required.

FORMAT
PRESENCE
Optional
DEFINITION

USAGE RULES
conditions.
Examples:
EXAMPLE

MT 721 Examples
There are no examples for this message type.

MT 730 Acknowledgement
MT 730 Scope
This message is used to acknowledge receipt of any documentary credit message. When applicable, it may
also explicitly indicate that the message has been forwarded according to instructions.
This message type may also be used:
• to account for bank charges
• to advise of acceptance or rejection of an amendment of a credit.

M 21 Receiver's Reference 16x 2
O 25 Account Identification 35x 3
M 30 Date of Message Being Acknowledged 6!n 4
O 32a Amount of Charges B or D 5
O 57a Account With Bank A or D 6

C1 Either field 25 or 57a, but not both, may be present (Error code(s): C77).
C2 If field 32D is present, field 57a must not be present (Error code(s): C78).

FORMAT
16x

PRESENCE
Mandatory
DEFINITION
This field contains the reference assigned by the Sender to unambiguously identify the message.
T26).
2. 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.
T26).
USAGE RULES
If the related message was not sent via SWIFT, this field will contain a reference to that message which is
meaningful to the Receiver.
3. Field 25: Account Identification

FORMAT
35x (Account)
PRESENCE
DEFINITION
This field identifies the number of the account which has been used for the settlement of charges, on the
books of the Sender.

4. Field 30: Date of Message Being Acknowledged

FORMAT
6!n (Date)
PRESENCE
Mandatory
DEFINITION
When this message is acknowledging an MT 700 Issue of a Documentary Credit, this field specifies the date
of issue.
In all other cases, this field specifies the date on which the message being acknowledged was sent.
5. Field 32a: Amount of Charges

FORMAT

Option D 6!n3!a15d (Date)(Currency)(Amount)
PRESENCE
Optional
DEFINITION
This field contains the currency code and total amount of charges claimed by the Sender of the message.
In option D, Date must be a valid date expressed as YYMMDD (Error code(s): T50).
USAGE RULES
When the charges have been debited, option D must be used specifying the value date of the debit, in addition
to the currency code and amount.
When reimbursement for charges is requested, option B must be used.

6. Field 57a: Account With Bank

FORMAT

PRESENCE
DEFINITION
This field identifies the bank to which the amount of charges is to be remitted in favour of the Sender.
code(s): C05).

FORMAT

information]
information]
PRESENCE
Optional
DEFINITION
This field specifies the charges to be claimed.
CODES
COMM Our commission

POST Our postage
STAMP Stamp duty
USAGE RULES
the field.

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION
CODES
BENACC The beneficiary has accepted the amendment of the credit.
BENREJ The beneficiary has rejected the amendment of the credit.
USAGE RULES
When this message is used to advise of acceptance or rejection of an amendment of a credit, the confirmation
of the beneficiary must be indicated in this field.

the field.
MT 730 Examples
Narrative
Royal Bank of Scotland, London, receives documentary credit number DAE74568 from Nederlandsche
Middenstandsbank, Amsterdam, issued on 21 July 2003.
Royal Bank of Scotland acknowledges receipt of the credit with its reference IMP124678, indicating that it has
added its confirmation. Its charges are to be settled at a later date.
(To review the MT 700 which is being acknowledged see the Example section of the MT 700.)
Information Flow
SWIFT Message
Explanation Format
Sender RBOSGB2L
Message Type 730
Receiver NMBANL2A
Message Text
Sender's Reference :20:IMP124678
Receiver's Reference :21:DAE74568
Date of Message Acknowledged :30:030721
Sender to Receiver Information :72:AT BENEFICIARY'S REQUEST WE ADDED OUR

CONFIRMATION WE SHALL SETTLE OUR CHARGES
LATER


Narrative
On 18 May 2002, Oesterreichische Laenderbank, Vienna, issues, and transmits via SWIFT, its documentary
credit number 12345. The applicant is Floral Encounters, Kruegerstrasse 12, Vienna; the beneficiary, Glory
Bulbs, Box 309, Lisse, The Netherlands. The amount of the credit is Euro 5,000. Amsterdam-Rotterdam Bank,
Amsterdam, is the advising and confirming bank for the credit.
The credit covers the purchase of 10,000 tulip bulbs, packed in cartons of 500 bulbs each, with each carton
being of one colour as per the purchase order. Partial shipments are not allowed. The following documents
are required:
• signed commercial invoice, in triplicate
• the forwarding agent's certificate, showing the goods addressed to the applicant.
Information Flow
SWIFT Message
Explanation Format
Sender OELBATWW
Message Type 700
Receiver AMRONL2A
Message Text

Explanation Format
Applicant :50:FLORAL ENCOUNTERS

KRUEGERSTRASSE 12
VIENNA
Beneficiary :59:GLORY BULBS

PO BOX 309
LISSE

BY PAYMENT
Partial Shipments :43P:NOT ALLOWED
Description of Goods :45A:10,000 TULIP BULBS IN CARTONS OF 500

BULBS EACH, EACH CARTON BEING OF ONE COLOUR

TRIPLICATE
Confirmation Instructions :49:CONFIRM
Example 2: Acknowledgement
Narrative
When it receives the documentary credit, Amsterdam-Rotterdam Bank sends the credit to the beneficiary,
including its confirmation. Amsterdam-Rotterdam Bank acknowledges receipt of the credit, with its reference
745322IMP, indicating that it has added its confirmation as requested. Charges are claimed in the amount of
EUR 300 for its confirmation and EUR 20 for cable costs.
Amsterdam-Rotterdam Bank requests Oesterreichische Laenderbank to pay total charges of EUR 320 to its
account number 75016375, at Creditanstalt Bankverein, Vienna.

Information Flow
SWIFT Message
Explanation Format
Sender AMRONL2A
Message Type 730
Receiver OELBATWW
Message Text
Sender's Reference :20:745322IMP
Receiver's Reference :21:12345
Date of Message Acknowledged :30:020518
Amount of Charges :32B:EUR320,
Account With Bank :57A:CABVATWW
Charges :71B:/COMM/EUR300,
/CABLE/EUR20,
Sender to Receiver Information :72:WE ADDED OUR CONFIRMATION PLEASE PAY

FOR ACCOUNT NUMBER 75016375 AT CABVATWW

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.
It is used to advise the Receiver that the documents received with discrepancies have been taken up.

M 20 Sender's TRN 16x 1
M 21 Presenting Bank's Reference 16x 2
M 30 Date of Advice of Payment/Acceptance/ 6!n 3

Negotiation
M 32B Amount of Utilisation 3!a15d 4


1. Field 20: Sender's TRN
FORMAT
16x
PRESENCE
Mandatory
DEFINITION
If the message is sent by the issuing bank, this field specifies the documentary credit number assigned by the
issuing bank.
If the message is sent by a bank other than the issuing bank, this field specifies either the documentary credit
number assigned by the issuing bank or another reference assigned by the Sender.

T26).
2. Field 21: Presenting Bank's Reference

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field specifies the reference which has been assigned by the presenting bank, that is, the Receiver of this
message.
T26).
3. Field 30: Date of Advice of Payment/Acceptance/Negotiation

FORMAT
6!n (Date)
PRESENCE
Mandatory
DEFINITION
This field specifies the date of the covering letter under which the documents were sent.
4. Field 32B: Amount of Utilisation

FORMAT
PRESENCE
Mandatory

DEFINITION
This field contains the currency code and amount of the drawing, excluding any charges or deductions.

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION
USAGE RULES
The structured line format may be used for bilaterally agreed codes.
the field.
MT 732 Examples
Example 1: Advice of Payment/Acceptance/Negotiation
Narrative
Oesterreichische Laenderbank issues its documentary credit number 12345 on behalf of ABC Company,
Vienna.
The advising bank for the credit is Amsterdam-Rotterdam Bank, Amsterdam; the beneficiary, Amdam
Company, Amsterdam, banks with Bank Mees en Hope, Amsterdam.

(To review the MT 700, 705 and 710 related to this documentary credit, see the respective Example sections.)
On July 26, 2003, Amsterdam-Rotterdam Bank, Amsterdam, advises Oesterreichische Laenderbank that
documents have been presented by Bank Mees en Hope, and that they have been paid subject to one minor
discrepancy (Oesterreichische Laenderbank shown as consignee).
Amsterdam-Rotterdam Bank has debited the account of Oesterreichische Laenderbank (number 311248123)
for Euro 100,383.75 (being EUR 100,000 plus charges totalling EUR 383.75) and requests its discharge.
The documents are sent to Vienna by mail.
Information Flow
SWIFT Message
Explanation Format
Sender AMRONL2A
Message Type 754
Receiver OELBATWW
Message Text
Sender's Reference :20:606487
Principal Amount Paid :32B:EUR100000,
Charges Added :73:CONFIRMATION FEE EUR250,

PAYMENT COMM EUR125,
POSTAGE EUR8,75
Total Amount Claimed :34A:030726NLG100383,75
Reimbursement Bank :53B:/311248123
Sender to Receiver Info :72:WE NOTED FCR SHOWING

YOURSELVES AS CONSIGNEE
PLEASE DISCHARGE US SOONEST

Example 2: Advice of Discharge

Narrative
On receipt of the above message and the mailed documents, Oesterreichische Laenderbank advises
Amsterdam-Rotterdam Bank that the documents have been taken up and that Amsterdam-Rotterdam Bank is
now discharged.
Information Flow
SWIFT Message
Explanation Format
Sender OELBATWW
Message Type 732
Receiver AMRONL2A
Message Text
Presenting Bank's Reference :21:606487
Date of Advice of Payment :30:030726
Amount of Utilisation :32B:EUR100000,

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. 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 that the Sender considers the documents, as they appear on their face, not to
be in accordance with the terms and conditions of the credit and that, consequently, it refuses them for the
discrepancies stated. The Sender also provides the Receiver with details regarding the disposal of the
documents.
This message type may also be used for claiming a refund.

M 20 Sender's TRN 16x 1
M 32A Date and Amount of Utilisation 6!n3!a15d 3
O 73 Charges Claimed 6*35x 4
O 33a Total Amount Claimed A or B 5
O 57a Account With Bank A, B, or D 6
M 77J Discrepancies 70*50x 8
M 77B Disposal of Documents 3*35x 9

C1 If field 73 is present, field 33a must also be present (Error code(s): C17).
C2 The currency code in the amount fields 32A and 33a must be the same (Error code(s): C02).


1. Field 20: Sender's TRN
FORMAT
16x
PRESENCE
Mandatory
DEFINITION
If the message is sent by the issuing bank, this field specifies the documentary credit number assigned by the
issuing bank.
If the message is sent by a bank other than the issuing bank, this field specifies either the documentary credit
number assigned by the issuing bank or another reference assigned by the Sender.
T26).

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.
T26).
3. Field 32A: Date and Amount of Utilisation

FORMAT
Option A 6!n3!a15d (Date)(Currency)(Amount)
PRESENCE
Mandatory

DEFINITION
This field specifies the date of the covering letter under which the documents were sent, followed by the
currency code and amount of the drawing.
Currency in fields 32A, and 33a must be the same (Error code(s): C02).
4. Field 73: Charges Claimed

FORMAT
6*35x (Narrative)
Line 1 /8a/[3!a13d] [additional (Code)(Currency)(Amount)(Narrative)

information]
information]
PRESENCE
Optional
DEFINITION
This field specifies the charges claimed by the Sender, if any.
USAGE RULES
the field.
5. Field 33a: Total Amount Claimed

FORMAT


PRESENCE
DEFINITION
This field contains the currency code and amount claimed, including charges, by the Sender of the message.
In option A, Date must be a valid date expressed as YYMMDD (Error code(s): T50).
Currency in fields 32A, and 33a must be the same (Error code(s): C02).
USAGE RULES
When the amount claimed has been debited, option A must be used, specifying the value date of the debit.
When reimbursement of the amount claimed is requested, option B must be used.

FORMAT

[35x] (Location)
PRESENCE
Optional
DEFINITION
This field specifies the financial institution at which the amount claimed is to be remitted in favour of the
Sender.
code(s): C05).

USAGE RULES
Where the message also represents a claim for refund, the absence of this field implies that the account
relationship between the Sender and the Receiver is to be used.

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION
USAGE RULES
the field.
8. Field 77J: Discrepancies

FORMAT
Option J 70*50x (Narrative)
PRESENCE
Mandatory
DEFINITION
This field specifies the reason(s) for refusal of the document(s), for example, discrepancies. It may contain any
type of instruction or information.

9. Field 77B: Disposal of Documents

FORMAT
Line 1 /8c/[add'l information] (Code)(Narrative)

Lines 2-3 [//add'l information] (Narrative)
PRESENCE
Mandatory
DEFINITION
This field contains information regarding the disposal of the documents.
CODES
One of the following codes may be used:
HOLD Documents held at your disposal.
NOTIFY Documents held until the issuing bank receives a waiver from the applicant and
agrees to accept it, or receives further instructions from the presenter prior to
agreeing to accept a waiver.
PREVINST Acting in accordance with instructions previously received from the presenter.
RETURN Documents being returned to you.
USAGE RULES
the field.
MT 734 Examples
Narrative
Royal Bank of Scotland, London, receives documentary credit number DAE74568 from Nederlandsche
Middenstandsbank, Amsterdam, issued on July 21, 2003.
Royal Bank of Scotland acknowledges the receipt of the credit with its reference IMP124678, indicating that it
has added its confirmation to the credit. Its charges are to be settled at a later date.
(To review the MTs 700, 730, 720 relating to this documentary credit, see the respective Example sections)
Royal Bank of Scotland negotiates the credit, determines the documents are in order and debits the account it
services for Nederlandsche Middenstandsbank.

Nederlandsche Middenstandsbank, Amsterdam disagrees and claims a refund. It advises Royal Bank of
Scotland (September 21, 2003, reference IMP124678) that the documents presented have been refused
owing to discrepancies:
1. Partial shipment was effected.
2. Declaration that vessel is running regular line service not presented.
The documents are being held by Nederlandsche Middenstandsbank pending further instructions. Charges
and drawings totalling GBP 123,798 (Drawings of 123,675 + Cable 10 + Royal Bank of Scotland charges 95 +
Interest 18) are to be credited to Nederlandsche Middenstandsbank's account value September 27, 2003.
Information Flow
SWIFT Message
Explanation Format
Sender NMBANL2A
Message Type 734
Receiver RBOSGB2L
Message Text
Sender's TRN :20:DAE74568
Presenting Bank's Reference :21:IMP124678
Date/Amt of Utilisation (1) :32A:030921GBP123675,
Charges Claimed :73:YOUR CHARGES GBP 95,

CABLE GBP10,
INTEREST GBP18,
Total Amount Claimed :33A:030927GBP123798,
Discrepancies :77J:PARTSHIPMENT EFFECTED

DECLARATION THAT VESSEL IS RUNNING
IN REGULAR LINE SERVICE NOT PRESENTED
Disposal of Documents :77B:/HOLD/
(1) The date of the covering letter of the received documents and the amount of the drawing, excluding charges
or deductions.

MT 740 Authorisation to Reimburse
MT 740 Scope
This message is sent by the issuing bank to the reimbursing bank.
It is used to request the Receiver to honour claims for reimbursement of payment(s) or negotiation(s) under a
documentary credit.
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.

M 40F Applicable Rules 30x 3
O 31D Date and Place of Expiry 6!n29x 4
O 58a Negotiating Bank A or D 5
O 59 Beneficiary [/34x] 6
4*35x
M 32B Credit Amount 3!a15d 7
O 42C Drafts at ... 3*35x 12
O 71A Reimbursing Bank's Charges 3!a 16
O 71B Other Charges 6*35x 17


C4 Either field 58a or 59, but not both, may be present (Error code(s): D84).

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
T26).

FORMAT
35x (Account)
PRESENCE
Optional
DEFINITION
This field identifies the account which is to be debited for reimbursements.
USAGE RULES
The account specified may also be that of a branch of the Sender.

3. Field 40F: Applicable Rules

FORMAT
Option F 30x (Applicable Rules)
PRESENCE
Mandatory
DEFINITION
This field specifies the rules the reimbursement is subject to.
CODES
One of the following codes must be used (Error code(s): T59).
NOTURR The reimbursement under the credit is not subject to the ICC
Uniform Rules for Bank-to-Bank Reimbursement.
URR LATEST VERSION The reimbursement under the credit is subject to the version of
the ICC Uniform Rules for Bank-to-Bank Reimbursement,
which is in effect on the date of issue.

FORMAT
PRESENCE
Optional
DEFINITION
USAGE RULES
This field should not be used to specify the latest date for presentation of a reimbursement claim or an expiry
date for the reimbursement authorisation.

5. Field 58a: Negotiating Bank

FORMAT

PRESENCE
DEFINITION
This field identifies the drawer of the drafts to be drawn on the reimbursing bank, when the drawer is the
negotiating bank.
code(s): C05).
USAGE RULES
Option A is the preferred option. Option D is only allowed when it is necessary to indicate a name and address
or to indicate negotiating bank under freely negotiable credits.

FORMAT
[/34x] (Account)
PRESENCE
DEFINITION
This field identifies the drawer of the drafts to be drawn on the reimbursing bank, when the drawer is the
beneficiary.
USAGE RULES
Account must not be present.
The name of the drawer is mandatory but can also be indicated as beneficiary in case of a transferable credit.
The drawer's address is optional.

7. Field 32B: Credit Amount

FORMAT
PRESENCE
Mandatory
DEFINITION
Currency must be a valid ISO4217 currency code (Error code(s): T52).
USAGE RULES

FORMAT
PRESENCE
DEFINITION
that amount.
USAGE RULES

FORMAT
Option B 13x (Code)
PRESENCE

DEFINITION
CODES

FORMAT
PRESENCE
Optional
DEFINITION

FORMAT

14x (Code)
14x (Code)
PRESENCE
Mandatory
DEFINITION
This field identifies the bank(s) authorised to claim reimbursement. It is followed by how the credit is available
for example, by payment, by acceptance, etc.
CODES
One of the following codes must be used in subfield 2, that is, 14x (Error code(s): T68):
BY ACCEPTANCE
BY DEF PAYMENT
BY MIXED PYMT
BY NEGOTIATION
BY PAYMENT

code(s): C05).
USAGE RULES
or country).
required.
must be specified in fields 42P and 42M.

FORMAT
PRESENCE
DEFINITION

FORMAT

PRESENCE
DEFINITION

code(s): C05).
USAGE RULES
Party Identifier must not be present.

FORMAT
PRESENCE
DEFINITION

FORMAT
PRESENCE
DEFINITION
16. Field 71A: Reimbursing Bank's Charges

FORMAT
Option A 3!a (Code)
PRESENCE
Optional
DEFINITION
This field specifies by which party the reimbursing bank's charges are to be borne.

CODES
One of the following codes may be used (Error code(s): T08):
CLM Charges are for the account of the bank claiming reimbursement.
OUR Charges are to be borne by the Sender.
USAGE RULES
The absence of this field implies that charges will be borne by the Sender of this message.
17. Field 71B: Other Charges

FORMAT

information]
information]
PRESENCE
Optional
DEFINITION
This field may only be used to indicate whether acceptance and/or discount charges are applicable and, if so,
by which party these charges are to be borne.
CODES
ACCECHGS Acceptance Charges.
DISCCHGS Discount Charges.
USAGE RULES
the field.

FORMAT
6*35x (Narrative)


information]
or
PRESENCE
Optional
DEFINITION
This field contains any specific instructions for the reimbursing bank. It may also be used to indicate if pre-
debit notification from the reimbursing bank to the issuing bank is required.
USAGE RULES
Any latest date for a reimbursement claim or an expiry date for the reimbursement authorisation should be
indicated in this field and not in field 31D.
When this field is used to indicate if pre-debit notification from the reimbursing bank to the issuing bank is
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.
the field.
MT 740 Examples
Narrative
Skandinaviska Enskilda Banken issues its documentary credit number DC.IMP 3410/3444, to Generale Bank,
Brussels, the advising bank, including the following details:
Place of Expiry: Brussels
Amount: US Dollars 31,500
The credit is available with Generale Bank, Brussels, by acceptance, with all charges to be paid by the
claiming bank.
At maturity of the draft, reimbursement is to be claimed at Manufacturers Hanover Trust Company, New York.
(To review the MT 700/701 issuing this documentary credit see MT 700 and MT 701 Issue of a documentary
credit.)

At the time the MT 700 is issued, Skandinaviska sends an MT 740 Authorisation to Reimburse to
Manufacturers Hanover Trust Company, New York, indicating that authorisation to reimburse is restricted to
the credit amount and the claiming bank's acceptance commission.
Information Flow
SWIFT Message
Explanation Format
Sender ESSESESS
Message Type 740
Receiver MAHAUS33
Message Text
Documentary Credit Number :20:DC.IMP 3410/3444
Applicable Rules :40F:URR LATEST VERSION
Credit Amount :32B:USD31500,
Available With ... By ... :41A:GEBABEBB BY ACCEPTANCE
Reimbursing Bk's Charges :71A:CLM
Sender to Receiver Information :72:RESTRICTED TO CLAIMING BANK'S

ACCEPTANCE COMMISSION

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.
It is used to claim reimbursement of payment(s) or negotiation(s) under a documentary credit, as relevant to

the reimbursing bank.

M 20 Claiming Bank's Reference 16x 1
M 52a Issuing Bank A or D 4
M 32B Principal Amount Claimed 3!a15d 5
O 33B Additional Amount Claimed as Allowed for in 3!a15d 6

Excess of Principal Amount
M 34a Total Amount Claimed A or B 8
O 58a Beneficiary Bank A or D 10


1. Field 20: Claiming Bank's Reference
FORMAT
16x

PRESENCE
Mandatory
DEFINITION
This field contains the reference which has been assigned to the transaction by the Sender.
T26).

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).
T26).

FORMAT
Option C 6!n (Date)
PRESENCE
Optional
DEFINITION


FORMAT

PRESENCE
Mandatory
DEFINITION
This field identifies the bank which has given the authorisation to reimburse.
code(s): C05).
5. Field 32B: Principal Amount Claimed

FORMAT
PRESENCE
Mandatory
DEFINITION
This field contains the currency code and amount of principal claimed by the Sender of the message. It is the
amount which is to be deducted from the outstanding balance of the documentary credit.
USAGE RULES
If the amount claimed is in a currency other than the currency of the credit, this field must indicate the currency
of the amount claimed. Details of the conversion and the amount deducted from the outstanding balance of
the documentary credit must be given in field 72.

6. Field 33B: Additional Amount Claimed as Allowed for in Excess of

Principal Amount
FORMAT
PRESENCE
Optional
DEFINITION
This field specifies any additional amount(s) paid/negotiated on the strength of special authorisation, 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, then this field must indicate the
currency of the amount claimed.
Details of the conversion and the amount deducted from the outstanding balance of the documentary credit
must be given in field 72.

FORMAT

information]
information]
PRESENCE
Optional
DEFINITION
This field is used to identify charges which have been added or deducted by the Sender.

CODES
COMM Our commission
POST Our postage
STAMP Stamp duty
USAGE RULES
the field.

FORMAT

PRESENCE
Mandatory
DEFINITION
This field specifies the currency code and total amount claimed from the reimbursing bank.
USAGE RULES
This field is the total of the amounts in fields 32B and 33B, and any charges specified in field 71B.


FORMAT

[35x] (Location)
PRESENCE
Optional
DEFINITION
This field identifies the bank, if different from the Receiver, at which the Receiver is requested to remit the total
amount claimed, in favour of the Sender of this message, or its branch or affiliate bank, as specified in field
58a.
code(s): C05).
10. Field 58a: Beneficiary Bank

FORMAT

PRESENCE
Optional
DEFINITION
This field identifies the branch or affiliate bank of the Sender, in favour of which the total amount claimed is to
be transferred.

code(s): C05).
USAGE RULES
If the account of a branch or an affiliate of the Sender is to be credited by the Receiver, this field will be used
to identify that branch or affiliate and its account serviced by the Receiver. In this case, field 57a should not be
present.
Additionally, where there are multiple account relationships between the Sender and the Receiver or the
account with bank, this field shall specify the Sender's SWIFT address, that is, option A, and in the account
number line, the specific account to be credited.

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION
This field contains instructions or additional information for the Receiver.
CODES
REIMBREF Reimbursing bank's reference.
USAGE RULES
the field.

MT 742 Examples
Narrative
On 7 June 2003, Chemical Bank, New York, issues its documentary credit number IMP 693/70224 to
Deutsche Bank AG, Munich.
This credit is issued on behalf of Macy's, 724 Seventh Avenue, New York, in the amount of Euro 95,000. The
credit is in favour of Deutsche Steins AG, Muenchering, Munich, covering 10,000 beer mugs:
5,000 of model B337
5,000 of model B324
The credit expires on 7 September 2003.
The following documents are required:
Signed commercial invoice in quintuplicate
Forwarding Agent's Certificate of Receipt, showing goods addressed to Macy's
Reimbursement will be provided through Chemical Bank, Frankfurt.
Information Flow
SWIFT Messages
Message A (MT 700)
Explanation Format
Sender CHEMUS33

Explanation Format
Message Type 700
Receiver DEUTDEMM
Message Text
Documentary Credit Number :20:IMP 693/70224
Date and Place of Expiry :31D:030907MUNICH
Applicant :50:MACY'S
724 SEVENTH AVENUE
NEW YORK
Beneficiary :59:DEUTSCHE STEINS AG

MUENCHERING
MUNICH
Available With ... By ... :41A:DEUTDEMM BY PAYMENT
Taking in Charge ... :44A:MUNICH
For Transportation to ... :44B:NEW YORK
Description of Goods :45A:5,000 BEER MUGS MODEL B337

+5,000 BEER MUGS MODEL B324

QUINTUPLICATE
SHOWING GOODS ADDRESSED TO MACYS
Reimbursement Bank :53A:CHEMDEFF
Message B (MT 740)

Explanation Format
Sender CHEMUS33
Message Type 740
Receiver CHEMDEFF
Message Text
Credit Amount :32B:EUR95000,

Explanation Format
Available With ... :41A:DEUTDEMM

By ... BY PAYMENT
Example 2: Reimbursement Claim

Narrative
On 23 August 2003, Deutsche Bank, Munich, requests reimbursement from Chemical Bank, Frankfurt, asking
that it pay Deutsche Bank, Munich's account number 700-373473 at Deutsche Bank, Frankfurt.
The amount claimed includes the total credit amount of EUR 95,000 and EUR 200 charges for commission.
Information Flow
SWIFT Message (MT 742)
Explanation Format
Sender DEUTDEMMA
Message Type 742
Receiver CHEMDEFF
Message Text

Explanation Format
Claiming Bank's Reference :20:CL934372
Issuing Bank :52A:CHEMUS33
Principal Amount Claimed :32B:EUR95000,
Charges :71B:/COMM/EUR200,
Total Amount Claimed :34B:EUR95200,
Account With Bank :57A:DEUTDEFF
Beneficiary Bank :58A:/700-373473

DEUTDEMM

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.
It is used to inform the Receiver about amendments to the terms and conditions of the credit relevant to the
authorisation to reimburse.
The amendment is to be considered as part of the authorisation to reimburse.

O 21 Reimbursing Bank's Reference 16x 2
M 30 Date of the Original Authorisation to Reimburse 6!n 3
O 31E New Date of Expiry 6!n 4
O 32B Increase of Documentary Credit Amount 3!a15d 5
O 33B Decrease of Documentary Credit Amount 3!a15d 6
O 34B New Documentary Credit Amount After 3!a15d 7

Amendment
O 77A Narrative 20*35x 12

C1 At least one of the fields 31E, 32B, 33B, 34B, 39A, 39B, 39C, 72 or 77A must be present (Error
code(s): C15).
C2 If either field 32B or 33B is present, then field 34B must also be present (Error code(s): C12).
C3 If field 34B is present, either field 32B or 33B must also be present (Error code(s): C12).
C5 The currency code in the amount fields 32B, 33B and 34B must be the same (Error code(s): C02).

MT 747 Usage Rules

• Terms and conditions which are not mentioned in the amendment message remain unchanged.
• The cancellation of an MT 740 Authorisation to Reimburse takes the form of an amendment. The MT 747
must therefore be used.
• There are special fields for amendments to the date of expiry and for increases or decreases in the amount
of the documentary credit. All other amendments must be specified in field 77A.

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field contains the documentary credit number which has been assigned by the issuing bank.
T26).
2. Field 21: Reimbursing Bank's Reference

FORMAT
16x
PRESENCE
Optional
DEFINITION
This field contains the reference number, assigned by the Receiver of the message.
T26).

3. Field 30: Date of the Original Authorisation to Reimburse

FORMAT
6!n (Date)
PRESENCE
Mandatory
DEFINITION
This field specifies the date on which the original authorisation to reimburse was sent.
4. Field 31E: New Date of Expiry

FORMAT
Option E 6!n (Date)
PRESENCE
DEFINITION
This field specifies the new, that is, revised, expiry date for presentation under the documentary credit.
USAGE RULES
This field should not be used to specify a new latest date for presentation of a reimbursement claim or a new
expiry date for the reimbursement authorisation.
5. Field 32B: Increase of Documentary Credit Amount

FORMAT
PRESENCE
Conditional (see rules C1, C3, and C5)

DEFINITION
This field contains the currency code and amount by which the documentary credit amount has been
increased.
Currency in fields 32B, 33B and 34B must be the same (Error code(s): C02).
USAGE RULES
Currency of any increase in the credit must be in the same currency as that of the original credit.
6. Field 33B: Decrease of Documentary Credit Amount

FORMAT
PRESENCE
DEFINITION
This field contains the currency code and amount by which the documentary credit amount has been
decreased.
USAGE RULES
Currency of any decrease in the credit must be in the same currency as that of the original credit.
7. Field 34B: New Documentary Credit Amount After Amendment

FORMAT

PRESENCE
DEFINITION
This field contains the currency code and total amount of the documentary credit after the amendment,
disregarding any drawings on the credit.
USAGE RULES
Currency of the new documentary credit must be in the same currency as that of the original credit.

FORMAT
PRESENCE
DEFINITION
Where the credit amount tolerance is being amended, this field specifies the new tolerance relative to the
documentary credit amount as a percentage plus and/or minus that amount.
USAGE RULES

FORMAT
Option B 13x (Code)
PRESENCE
DEFINITION

CODES

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

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
DEFINITION
CODES
CANC The reimbursement authorisation is cancelled for the unutilised portion of the credit to which
it refers.
USAGE RULES
Any new latest date for a reimbursement claim or a new expiry date for the reimbursement authorisation
should be indicated in this field and not in field 31E.

When this field is used to indicate if pre-debit notification from the reimbursing bank to the issuing bank is
required, the number and type, that is, banking or calendar, of days within which the issuing bank must be
the field.
12. Field 77A: Narrative

FORMAT
PRESENCE
DEFINITION
This field specifies amendments for which no other specific field has been included in the message.
MT 747 Examples
Narrative
On 17 May 2003, Skandinaviska Enskilda Banken issues its documentary credit number DC.IMP 3410/3444,
to Generale Bank, Brussels, the advising bank, and its authorisation to reimburse to Manufacturers Hanover
Trust Company, New York.
(To review the MT 700/701 issuing this documentary credit and the MT 740 authorising reimbursement, see
the respective Example sections.)
On 21 May 2003, Skandinaviska Enskilda Banken notifies Manufacturers Hanover Trust Company, 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.
• The amount of the credit has been increased by USD 3,250 to USD 34,750.
Information Flow

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

MT 750 Advice of Discrepancy
MT 750 Scope
This message is sent by the bank to which documents have been presented, to the issuing bank. It may also
be sent to a bank nominated to pay/accept/negotiate/incur a deferred payment undertaking.
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; a negative reply to the request may be provided using an
MT 796 Answers.

M 32B Principal Amount 3!a15d 3
O 33B Additional Amount 3!a15d 4
O 71B Charges to be Deducted 6*35x 5
O 73 Charges to be Added 6*35x 6
O 34B Total Amount to be Paid 3!a15d 7
M 77J Discrepancies 70*50x 10

C1 If field 33B and/or field 71B and/or field 73 is/are present, field 34B must also be present (Error
code(s): C13).
C2 The currency code in the amount fields 32B and 34B must be the same (Error code(s): C02).


FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field contains the reference number which has been assigned by the Sender.
T26).
2. Field 21: Related Reference

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
If the message is sent to the issuing bank, this field contains the documentary credit number assigned by the
issuing bank.
If the message is sent to a bank other than the issuing bank, this field contains either the documentary credit
number assigned by the issuing bank, or another reference meaningful to the Receiver.
T26).
3. Field 32B: Principal Amount

FORMAT
PRESENCE
Mandatory

DEFINITION
This field contains the currency code and amount to be deducted from the outstanding balance of the
documentary credit.
number allowed for the specified currency (Error code(s): C03).
Currency in fields 32B and 34B must be the same (Error code(s): C02).
4. Field 33B: Additional Amount

FORMAT
PRESENCE
Optional
DEFINITION
This field specifies any additional amount(s) as allowed for in the credit, for example, insurance.
USAGE RULES
Currency may be different from the currency in field 32B. In this event, an explanation of any currency
conversion(s) must be specified in field 72.
5. Field 71B: Charges to be Deducted

FORMAT

information]
information]

PRESENCE
Optional
DEFINITION
This field specifies charges which have been deducted from the amount of the drawing.
CODES
COMM Our commission
POST Our postage
STAMP Stamp duty
USAGE RULES
the field.
6. Field 73: Charges to be Added

FORMAT
6*35x (Narrative)

information]
information]
PRESENCE
Optional
DEFINITION
This field specifies the charges which have been added to the amount of the drawing.

USAGE RULES
The structured format may be used with bilaterally agreed codes.
the field.
7. Field 34B: Total Amount to be Paid

FORMAT
PRESENCE
DEFINITION
This field contains the currency code and total amount to be remitted to the Sender of the message.

FORMAT

[35x] (Location)
PRESENCE
Optional
DEFINITION
This field identifies the bank at which any amounts due are to be remitted in favour of the Sender.

code(s): C05).
USAGE RULES
If there is a direct account relationship in the currency of the claim between the Sender and the Receiver, the
absence of field 57a implies that this account relationship will be used in settlement of the amount to be
remitted to the Sender.

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION
USAGE RULES
the field.
10. Field 77J: Discrepancies

FORMAT
Option J 70*50x (Narrative)
Line 1 /8a/[add'l information] (Code)(Narrative)

or
/8a/[add'l information] (Code)(Narrative)

PRESENCE
Mandatory
DEFINITION
This field specifies the discrepancy(ies) of the document(s).
USAGE RULES
the field.
MT 750 Examples
Narrative
On 17 May 2003, Skandinaviska Enskilda Banken issues its documentary credit number DC.IMP 3410/3444,
to Generale Bank, Brussels, the advising bank, and its authorisation to reimburse to Manufacturers Hanover
Trust Company, New York.
On 21 May 2003, 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 34,750.
(To review the MT 700/701 issuing this documentary credit and the MT 707 amending it see the respective
Example sections.)
On 23 August 2003, 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.
Generale Bank requests authorisation (reference EXP98734) to accept a draft for the full credit amount due 18
September 2003.
Information Flow

SWIFT Message
Explanation Format
Sender GEBABEBB
Message Type 750
Receiver ESSESESS
Message Text
Sender's Reference :20:EXP98734
Related Reference :21:DC.IMP 3410/3444
Principal Amount :32B:USD34750,
Discrepancies :77J:COPY CONSULAR INVOICE NOT

PRESENTED AND COPY LETTER FROM
BENEFICIARY'S TO APPLICANT DOES NOT
SHOW ORIGINAL CONSULAR INVOICE
AIRMAILED TO APPLICANT

MT 752 Authorisation to Pay, Accept or Negotiate
MT 752 Scope
This message is sent by the issuing bank, or the nominated bank if so authorised by the issuing bank, to a
paying/accepting/negotiating bank in response to a request for authorisation to pay/accept/negotiate/incur a
deferred payment undertaking previously requested via an MT 750 Advice of Discrepancy or otherwise.
It is used to advise the Receiver that documents may be taken up, notwithstanding the discrepancies,
provided they are otherwise in order.

M 23 Further Identification 16x 3
M 30 Date of Advice of Discrepancy or Mailing 6!n 4
O 32B Total Amount Advised 3!a15d 5
O 71B Charges Deducted 6*35x 6
O 33a Net Amount A or B 7
O 53a Sender's Correspondent A, B, or D 8
O 54a Receiver's Correspondent A, B, or D 9

C1 If fields 32B and 71B are both present, then field 33a must also be present (Error code(s): C18).
C2 The currency code in the amount fields 32B and 33a must be the same (Error code(s): C02).
MT 752 Usage Rules

• When cover is to be remitted via other banks, these banks are specified in fields 53a and 54a.
• The code RCB may only be used in field 72 if both fields 53a and 54a are present in the message.


FORMAT
16x
PRESENCE
Mandatory
DEFINITION
T26).

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field contains the reference number which has been assigned by the presenting bank (Receiver).
T26).
3. 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:
ACCEPT Conveys an authorisation to accept a draft.
DEBIT Conveys an authorisation to debit the account of the issuing bank.
NEGOTIATE Conveys an authorisation to negotiate the documents with discrepancies in those

cases where the original credit provides no specific reimbursement instructions or
payment provisions.
REIMBURSE Conveys an authorisation to the presenting bank to claim reimbursement.
REMITTED Is used to pay the presenting bank.
SEE72 Conveys an authorisation and/or payment which is a mixture of the above, or a

special version of one of them and the conditions are explained in field 72.
USAGE RULES
When code is REMITTED, field 33A must be present, specifying the value date of the remittance and the
amount.
4. Field 30: Date of Advice of Discrepancy or Mailing

FORMAT
6!n (Date)
PRESENCE
Mandatory
DEFINITION
This field specifies the date on which the advice of discrepancy was sent, either electronically or by mail.
5. Field 32B: Total Amount Advised

FORMAT
PRESENCE
Optional
DEFINITION
This field contains the currency code and total amount advised by the presenting bank, for example, field 34B
from the MT 750.

Currency in fields 32B and 33a must be the same (Error code(s): C02).
6. Field 71B: Charges Deducted

FORMAT

information]
information]
PRESENCE
Optional
DEFINITION
This field is used to specify the charges which have been deducted, by the Sender of the message, from the
total amount advised.
CODES
COMM Our commission
POST Our postage
STAMP Stamp duty
USAGE RULES

the field.
7. Field 33a: Net Amount

FORMAT

PRESENCE
DEFINITION
This field specifies the currency code and net amount that was or will be remitted or is to be claimed, and
possibly a value date.
Currency in fields 32B and 33a must be the same (Error code(s): C02).
USAGE RULES
When REMITTED is specified in field 23, option A must be used, specifying the value date on which the net
amount was or will be remitted.
When DEBIT is specified in field 23, option A must be used, specifying the value date on which the account of
the issuing bank is to be debited with the net amount.
8. Field 53a: Sender's Correspondent

FORMAT

[35x] (Location)
PRESENCE
Optional

DEFINITION
Where required, this field specifies the account or branch of the Sender or another bank through which the
Sender will reimburse the Receiver.
code(s): C05).
9. Field 54a: Receiver's Correspondent

FORMAT

[35x] (Location)
PRESENCE
Optional
DEFINITION
Where required, this field specifies the branch of the Receiver or another financial institution at which the
funds will be made available to the Receiver.
code(s): C05).
USAGE RULES
In those cases where funds will be made available to the Receiver at its branch or another bank, through a
financial institution other than the one indicated in field 53a, this financial institution, that is, the intermediary
institution, should be specified in field 54a. Field 72 must in this case contain the code RCB (Receiver's
Correspondent Bank), followed by the BIC of the Receiver's branch or other bank.

FORMAT
6*35x (Narrative)


information]
or
PRESENCE
Optional
DEFINITION
CODES
RCB Receiver's Correspondent Bank
USAGE RULES
The structured line format may also be used for bilaterally agreed codes.
the field.
When there is an intermediary bank between the Sender's and Receiver's correspondent, this field should
contain the code RCB, followed by the BIC code (or narrative name and address) of the Receiver's
correspondent. Remark that the code RCB may only be used if both fields 53a and 54a are present.
This field may include ERI, as specified in the chapter entitled "Euro - Impact on SWIFT Message Standards".
MT 752 Examples
Example 1: Message A Advice of Discrepancy MT 750
Narrative
On 7 June 2003, Chemical Bank, New York issues its documentary credit number IMP 693/70224 to Deutsche
Bank, Munich.
(To review the details of this credit, see the Example section of MT 742.)
The mugs were delivered to the forwarding agent and a sight draft was presented to Deutsche Bank, Munich.
On 15 August 2003, after examining the documents, Deutsche Bank sends an MT 750 Advice of Discrepancy
to Chemical Bank, New York, advising that the documents have been presented with the following
discrepancy:
• Three (3) versus five (5) commercial invoices were presented.

Deutsche Bank, Munich, requests authorisation (Reference DIS93708) to pay the draft for the full credit
amount.
Information Flow
SWIFT Message
Explanation Format
Sender DEUTDEMM
Message Type 750
Receiver CHEMUS33
Message Text
Presenting Bank's Reference :20:DIS93708
Related Reference :21:IMP 693/70224
Principal Amount :32B:EUR95000,
Discrepancies :77A:THREE (3) COMMERCIAL INVOICES

INSTEAD OF FIVE (5) PRESENTED
Message B Authorisation to Pay, Accept or Negotiate

Narrative
On 16 August 2003, Chemical Bank, New York, sends Deutsche Bank, Munich an MT 752 Authorisation to
Pay, Accept or Negotiate, advising it to pay and accept the draft.

Information Flow
SWIFT Message
Explanation Format
Sender CHEMUS33
Message Type 752
Receiver DEUTDEMM
Message Text
Presenting Bank's Reference :21:DIS93708
Further Identification :23:ACCEPT
Date of Adv of Discrepancy :30:030815
Example 2: Message A Authorisation to Pay, Accept or Negotiate

Narrative
On 17 May 2002, Skandinaviska Enskilda Banken issues its documentary credit number DC.IMP 3410/3444
to Generale Bank, Brussels.
On 23 August 2003, Generale Bank request authorisation to accept the draft for the full credit amount.
(To review the MT 700, 701, 707 and 750 relating to this documentary credit, see the respective Example
sections.)
On 25 August 2003, Skandinaviska Enskilda Banken authorises Generale Bank to accept the draft.

Information Flow
SWIFT Message
Explanation Format
Sender ESSESESS
Message Type 752
Receiver GEBABEBB
Message Text
Presenting Bk's Reference :21:EXP98734
Further Identification :23:ACCEPT
Date of Advice of Discrep. :30:030823
Message B Reimbursement Claim

Narrative
On the maturity date of the draft, Generale Bank requests Manufacturers Hanover Trust Company to credit its
account in reimbursement.
Commission charges of USD 36 have been added to the total amount of the credit.

Information Flow
SWIFT Message
Explanation Format
Sender GEBABEBB
Message Type 742
Receiver MAHAUS33
Message Text
Claiming Bank's Reference :20:EXP98734
Issue Date of D/C :31C:030517
Issuing Bank :52A:ESSESESS
Principal Amount Claimed :32B:USD34750,
Charges :71B:/COMM/USD36,
Total Amount Claimed :34A:030918USD34786,

MT 754 Advice of Payment/Acceptance/Negotiation
MT 754 Scope
This message is sent by the paying, accepting or negotiating bank, or the bank incurring a deferred payment
undertaking, to the issuing bank. It may also be sent by the bank to which documents have been presented to
a bank that has been nominated to pay/accept.
It is used to advise the Receiver that documents were presented in accordance with the credit terms and are
being forwarded as instructed.
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.
Note: Where a pre-debit notification from the reimbursing bank to the issuing bank is required, banks
should use the MT 799 Free Format message, specifying the future date of debit.

M 32a Principal Amount Paid/Accepted/Negotiated A or B 3
O 33B Additional Amounts 3!a15d 4
O 71B Charges Deducted 6*35x 5
O 73 Charges Added 6*35x 6
O 34a Total Amount Claimed A or B 7
O 53a Reimbursing Bank A, B, or D 8
O 58a Beneficiary Bank A or D 10
O 77A Narrative 20*35x 12

C1 Either field 72 or 77A may be present, but not both (Error code(s): C19).

C2 Either field 53a or 57a may be present, but not both (Error code(s): C14).
C3 The currency code in the amount fields 32a and 34a must be the same (Error code(s): C02).

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field contains the reference number which has been assigned by the Sender.
T26).

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
If the MT 754 is sent to the Issuing Bank, this field contains the documentary credit number assigned by the
issuing bank.
If the message is sent to a bank other than the issuing bank, this field contains either the documentary credit
number assigned by the issuing bank, or another reference meaningful to the Receiver.
T26).

3. Field 32a: Principal Amount Paid/Accepted/Negotiated

FORMAT

PRESENCE
Mandatory
DEFINITION
This field contains the currency code and amount which has been paid, accepted or negotiated by the Sender.
Currency in fields 32a and 34a must be the same (Error code(s): C02).
USAGE RULES
The amount will be deducted from the outstanding balance of the documentary credit.
4. Field 33B: Additional Amounts

FORMAT
PRESENCE
Optional
DEFINITION
This field specifies the currency code and amount of any additional amounts allowed for in the credit, such as
insurance.

USAGE RULES
Currency may be different from that in field 32a. When this is the case, an explanation of any currency
conversion(s) must be provided in field 72 (or field 77A).
5. Field 71B: Charges Deducted

FORMAT

information]
information]
PRESENCE
Optional
DEFINITION
This field is used to specify the charges which have been deducted from the amount paid/accepted/
negotiated.
CODES
COMM Our commission
POST Our postage
STAMP Stamp duty
USAGE RULES
the field.

6. Field 73: Charges Added

FORMAT
6*35x (Narrative)

information]
information]
PRESENCE
Optional
DEFINITION
This field is used to specify any charges which have been added to the amount paid/accepted/negotiated.
CODES
ACCPTCOM Acceptance commission.
ADVCOM Advising commission.
AMNDCOM Amendment commission.
CONFCOM Confirmation commission.
CORCOM Correspondent charges.
DEFCOM Deferred payment commission.
DSCRPCOM Discrepancies commission.
HANDLCOM Handling commission.
INTEREST Any interest including discount charges.
MISC Miscellaneous.
NEGCOM Negotiation commission.
NOTFCOM Notification commission.
PAYCOM Payment commission.
POST Postal/Courier charges.
PREADCOM Preadvice commission.
SEE72 Additional details are provided in field 72.
SEE77A Additional details are provided in field 77A.
STAMP Stamp duty.
TELECHAR Teletransmission charges.

USAGE RULES
the field.

FORMAT

PRESENCE
Optional
DEFINITION
This field specifies the currency code and total amount claimed or to be remitted, and possibly a value date.
In option A, Date must be a valid date, expressed as YYMMDD (Error code(s): T50).
Currency in fields 32a and 34a must be the same (Error code(s): C02).
USAGE RULES
Depending on how the MT 754 is used, the following table provides additional information about the use of this
field:
If MT 754 is used as ... then ... where the date in 34A is ...
Pre-debit Notification always use field 34A future date of debit
Reimbursement Advice use field 34A requested execution date

or field 34B
Request for Reimbursement use field 34A requested execution date

or field 34B

FORMAT



[35x] (Location)
PRESENCE
DEFINITION
This field specifies the bank from which the Sender has claimed reimbursement, in accordance with the terms
of the documentary credit. This may be a branch of the Sender or the Receiver or an entirely different bank.
code(s): C05).

FORMAT

[35x] (Location)
PRESENCE
DEFINITION
This field identifies the bank at which the Receiver is requested to remit the total amount claimed in favour of
the Sender of this message, or its branch or affiliate bank as specified in field 58a.
code(s): C05).

10. Field 58a: Beneficiary Bank

FORMAT

PRESENCE
Optional
DEFINITION
This field identifies the branch or affiliate bank of the Sender, in favour of which the total amount claimed is to
be transferred.
code(s): C05).
USAGE RULES
If the account of a branch or an affiliate of the Sender is to be credited by the Receiver, this field will be used
to identify that branch or affiliate and its account serviced by the Receiver. In this case, field 57a should not be
present.
Additionally, in those cases where there are multiple account relationships between the Sender and the
Receiver or the account with bank, this field shall specify the Sender's SWIFT BIC, that is, option A, and, in
the account number line, the specific account to be credited.

FORMAT
6*35x (Narrative)

information]
or
PRESENCE

DEFINITION
This field contains additional information for the Receiver or account with bank.
CODES
ACC Instructions following are for the account with bank
PHONBEN Please advise/contact beneficiary by phone
REC Instructions following are for the Receiver
TELEBEN Please advise the beneficiary by the most efficient means of telecommunication
USAGE RULES
the field.
12. Field 77A: Narrative

FORMAT
Line 1 /8a/[add'l information] (Code)(Narrative)

PRESENCE
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 field.

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).
Information Flow
SWIFT Message
Explanation Format
Sender DEUTDEMM
Message Type 754
Receiver CHEMUS33
Message Text
Sender's Reference :20:CL934372
Related Reference :21:IMP 693/70224
Principal Amount Paid :32A:030817EUR95000,
Charges Added :73:COMMISSION EUR200,
Total Amount Claimed :34A:030817EUR95200,
Reimbursing Bank :53A:CHEMDEFF

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.

M 32B Total Amount Claimed 3!a15d 3
M 33A Amount Reimbursed or Paid 6!n3!a15d 4
O 53a Sender's Correspondent A, B, or D 5
O 54a Receiver's Correspondent A, B, or D 6

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.

FORMAT
16x

PRESENCE
Mandatory
DEFINITION
When this message is sent by the Issuing Bank, or the bank nominated to pay/accept/negotiate, this field
specifies the documentary credit number which has been assigned by the issuing bank.
In all other cases this field contains a reference meaningful to the Sender.
T26).

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field contains the reference number which has been assigned by the presenting bank.
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
PRESENCE
Mandatory
DEFINITION
This field contains the currency code and total amount claimed by the bank from which documents have been
received.

Currency in fields 32B and 33A must be the same (Error code(s): C02).
4. Field 33A: Amount Reimbursed or Paid

FORMAT
PRESENCE
Mandatory
DEFINITION
This field specifies the value date, currency code and net amount to be reimbursed or paid.
Currency in fields 32B and 33A must be the same (Error code(s): C02).
USAGE RULES
If there is a difference between this amount and the amount specified in field 32B, this must be explained in
field 72.
5. Field 53a: Sender's Correspondent

FORMAT

[35x] (Location)
PRESENCE
Optional

DEFINITION
Where required, this field specifies the account or branch of the Sender or another financial institution through
which the Sender will reimburse the Receiver.
code(s): C05).
USAGE RULES
The absence of fields 53a and/or 54a implies that the single direct account relationship between the Sender
and Receiver, in the currency of the credit, will be used.
6. Field 54a: Receiver's Correspondent

FORMAT

[35x] (Location)
PRESENCE
Optional
DEFINITION
Where required, this field specifies the branch of the Receiver or another financial institution at which the
funds will be made available to the Receiver.
code(s): C05).
USAGE RULES
The absence of fields 53a and/or 54a implies that the single direct account relationship between the Sender
and Receiver, in the currency of the credit, will be used.
In those cases where funds will be made available to the Receiver at its branch or another bank, through a
financial institution other than the one indicated in field 53a, this financial institution, that is, the intermediary
institution, should be specified in field 54a. Field 72 must in this case contain the code RCB (Receiver's
Correspondent Bank), followed by the BIC of the Receiver's branch or other bank.


FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION
This field contains additional information for the Receiver.
CODES
RCB Receiver's Correspondent Bank
USAGE RULES
The structured line format may also be used for bilaterally agreed codes.
the field.
When there is an intermediary bank between the Sender's and Receiver's correspondent, this field should
contain the code RCB, followed by the BIC code (or narrative name and address) of the Receiver's
correspondent. Note that, the code RCB may only be used if both fields 53a and 54a are present.
MT 756 Examples
Narrative
On 23 September 2003, Midland Bank, London, issues its documentary credit number DC86411891 to The
Fuji Bank, Osaka.
This credit is issued on behalf of Harrod's, Knightsbridge, London, in the amount of Pounds Sterling 38,000.
The credit is in favour of Tsashubi, 11-4 Kyodan-ku, Osaka covering 250 hand-painted bamboo screens:

100 3H number 6481
150 Single number 2219
The credit expires on 23 December 2003.
The following documents are required:
Signed commercial invoice in quadruplicate
Forwarding Agent's Certificate of Receipt, showing goods addressed to Harrod's
Information Flow
SWIFT Message (MT 700)
Explanation Format
Sender MIDLGB22
Message Type 700
Receiver FUJIJPJS
Message Text
Documentary Credit Number :20:DC86411891
Date and Place of Expiry :31D:031223OSAKA

Explanation Format
Applicant :50:HARROD'S
KNIGHTSBRIDGE
LONDON
Beneficiary :59:TSASHUBI
11-4 KYODAN-KU
OSAKA
Currency Code/Amount :32B:GBP38000,
Available With ... :41A:MIDLGB22

By ... BY PAYMENT
Taking in Charge ... :44A:OSAKA
For Transportation to ... :44B:LONDON
Description of Goods :45A:+250 HAND PAINTED BAMBOO SCREENS

+100 3H NO 6481
+150 SINGLE NO 2219

QUADRUPLICATE
+FORWARDING AGENTS CERTIFICATE
OF RECEIPT SHOWING GOODS
ADDRESSED TO HARROD'S
Example 2: Advice of Reimbursement or Payment

Narrative
On 6 November 2003, Midland Bank, London, advises The Fuji Bank, Osaka, that full reimbursement will be
credited to them, for payment of the documentary credit plus charges, at the Fuji Bank Limited's London
branch.
Information Flow

SWIFT Message
Explanation Format
Sender MIDLGB22
Message Type 756
Receiver FUJIJPJS
Message Text
Sender's Reference :20:DC86411891
Presenting Bank's Reference :21:PT93118428
Total Amount Claimed :32B:GBP38078,
Amount Reimbursed or Paid :33A:031105GBP38078,
Sender's Correspondent :53A:FUJIGB2L
Example 3: General Financial Institution Transfer

Narrative
Midland Bank, London sends a payment request to Fuji Bank Limited, London, in cover of the documentary
credit.
Information Flow
SWIFT Message
Explanation Format
Sender MIDLGB22
Message Type 202

Explanation Format
Receiver FUJIGB2L
Message Text
Transaction Reference Number :20:DC86411891
Related Reference :21:PT93118428
Value Date/Curr. Code/Amount :32A:031105GBP38078,
Beneficiary Institution :58A:FUJIJPJS

Part 2 Guarantees
Part 2
Guarantees

Guarantee Message Types

The following table lists all Guarantee message types defined in Category 7.
MT MT Name Purpose Authen. Max. MUG

Length
760 Guarantee / Standby Issues or requests the issue of a Y 10,000 N

Letter of Credit guarantee or standby letter of credit
767 Guarantee / Standby Amends a guarantee or standby Y 10,000 N

Letter of Credit letter of credit which has been
Amendment previously issued or requests the
amendment of a guarantee which
the Sender has previously
requested to be issued
768 Acknowledgement of Acknowledges the receipt of a Y 2,000 N

a Guarantee / Standby guarantee or standby letter of credit
Message message and may indicate that
action has been taken according to
instructions
769 Advice of Reduction or Advises that a bank has been Y 2,000 N

Release released of its liability for a specified
amount under its guarantee or
standby letter of credit
column MUG.

MT 760 Guarantee / Standby Letter of Credit
MT 760 Scope
This message is sent between banks involved in the issuance of a guarantee.
It is used to issue a guarantee or to request the Receiver to issue a guarantee.
This message may also be used for Standby Letters of Credit.

O 30 Date 6!n 4
M 40C Applicable Rules 4!a[/35x] 5
M 77C Details of Guarantee 150*65x 6

MT 760 Usage Rules

• Any applicable rules must be indicated in field 40C. If no rules are applicable, this must also be indicated
(code "NONE"). If the guarantee is subject to rules other than URDG (Uniform Rules for Demand
Guarantees, International Chamber of Commerce, Paris, France) or ISP (International Standby Practices,
International Chamber of Commerce, Paris, France) it must be indicated in field 40C using the code
OTHR.
• The definition of this message type does not specify any characteristics or underlying agreements of the
actual guarantee. Therefore, all specific terms, conditions and details of the guarantee are to be specified
in field 77C.
• Since a SWIFT message is restricted to the maximum input message length, more than one MT 760 may
be required to accommodate all the details of the guarantee.


FORMAT
PRESENCE
Mandatory
DEFINITION
This field specifies the number of this message in the series of messages sent for a guarantee, and the total
number of messages in the series.
2. Field 20: Transaction Reference Number

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
When the message is sent to issue a guarantee, this field must specify the guarantee number.
When the message is sent to request the Receiver to issue a guarantee, this field must contain the reference
of the request, as assigned by the Sender.
T26).

FORMAT
16x
PRESENCE
Mandatory
DEFINITION

CODES
ISSUE The message is an issue of a guarantee.
REQUEST The message is requesting the issuance of a guarantee.
4. Field 30: Date

FORMAT
6!n (Date)
PRESENCE
Optional
DEFINITION
When the message is sent to issue a guarantee, this field specifies the issue date of the guarantee.
When the message is sent to request the Receiver to issue a guarantee, this field specifies the date of the
request.
USAGE RULES
In the absence of this field, the issue date or request date is the date on which the message was sent.
5. Field 40C: Applicable Rules

FORMAT
Option C 4!a[/35x] (Type)(Narrative)
PRESENCE
Mandatory
DEFINITION
This field specifies the rules the guarantee is subject to. Unless otherwise specified in field 77C, it is also the
rules the counter-guarantee is subject to.
CODES
ISPR The guarantee is subject to International Standby Practices.
NONE The guarantee is not subject to any rules.

OTHR The guarantee is subject to another set of rules, which must be specified in Narrative (2nd
subfield).
URDG The guarantee is subject to the ICC Uniform Rules for Demand Guarantees.
Subfield 2 of field 40C, that is "/"35x, is only allowed when subfield 1 of this field consists of OTHR (Error
code(s): D81).
USAGE RULES
Unless otherwise specified, the applicable version of the rules (International Standby Practices/Uniform Rules
for Demand Guarantees, International Chamber of Commerce, Paris, France) is the one which is in effect on
the date of the issue.
If the code OTHR is used, the applicable rule should be mentioned in the narrative field.
6. Field 77C: Details of Guarantee

FORMAT
PRESENCE
Mandatory
DEFINITION
This field contains all terms, conditions and details of the guarantee.

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION

CODES

of the terms and conditions contained in the guarantee.
PHONBEN Please advise/contact the beneficiary by phone.
TELEBEN Please advise/contact the beneficiary by the most efficient means of

telecommunication.
USAGE RULES
the field.
MT 760 Examples
Narrative
Video, Inc, San Francisco, has signed a contract with Sound and Image Productions, London, regarding the
production of the film The Video Story.
The contract is in US Dollars.
Video, Inc. banks with Swiss Bank Corporation, San Francisco.
Sound and Image Productions banks with National Westminster Bank Plc., London.
On 1 May 2002, National Westminster Bank Plc, London, issues a guarantee in favour of Video, Inc., and
advises Swiss Bank Corporation, San Francisco.
The content of the guarantee is as follows:
Issue of Performance Guarantee no. PG8761234
We, National Westminster Bank, London, 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), representing
5% of the total order/contract price on receipt by us at this office of your first demand on us in writing,
complying with all the requirements hereof, quoting our reference overseas division guarantee No.
PG8761234. The signatures appearing thereon to be duly confirmed by your bankers, stating the amount
payable and that Sound and Image have failed to perform the terms of the order/contract No. S556VSF for the
supply of a film The Video Story.
Always provided that
1. This undertaking is personal to you and is not assignable.
2. 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).
3. 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, after which date this undertaking shall become null and void whether returned to us or not.
4. Our liability under this undertaking shall be reduced by any amounts demanded in accordance with the
terms hereof.

5. This undertaking shall be governed by and construed according to the Laws of England, 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.
Information Flow
SWIFT Message
* Format
1 NWBKGB2L
2 760
3 SBCOUS66
Message Text
4 :27:1/1
5 :20:PG8761234
6 :23:ISSUE
7 :30:020501
8 :40C:NONE

* Format
9 :77C:WE, NATIONAL WESTMINSTER BANK, LONDON, 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),
REPRESENTING 5 PCT OF THE TOTAL ORDER/CONTRACT PRICE ON RECEIPT BY US AT
THIS OFFICE OF YOUR FIRST DEMAND ON US IN WRITING, COMPLYING WITH ALL THE
REQUIREMENTS HEREOF, QUOTING OUR REFERENCE OVERSEAS DIVISION GUARANTEE NO.
PG8761234. THE SIGNATURES APPEARING THEREON TO BE DULY CONFIRMED BY YOUR
BANKERS, STATING THE AMOUNT PAYABLE AND THAT SOUND AND IMAGE HAVE FAILED TO
PERFORM THE TERMS OF THE ORDER/CONTRACT NO. S556VSF FOR THE SUPPLY OF A FILM
THE VIDEO STORY
ALWAYS PROVIDED THAT
1. THIS UNDERTAKING IS PERSONAL TO YOU AND IS NOT ASSIGNABLE.
2. 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).
3. 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, AFTER WHICH DATE THIS UNDERTAKING SHALL BECOME NULL AND VOID
WHETHER RETURNED TO US OR NOT.
4. OUR LIABILITY UNDER THIS UNDERTAKING SHALL BE REDUCED BY ANY AMOUNTS

DEMANDED IN ACCORDANCE WITH THE TERMS HEREOF.
5. THIS UNDERTAKING SHALL BE GOVERNED BY AND CONSTRUED ACCORDING TO THE LAWS

OF ENGLAND, 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.
1. Sender of the message
2. Message type
3. Receiver of the message
4. Sequence of total (1 of 1 page)
5. Transaction Reference Number
6. Further Identification (ISSUE of a guarantee)
7. Date of issue
8. Applicable rules
9. Terms and conditions of the 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.
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.
It is used to amend or request the amendment of the guarantee.

MT 767 Guarantee / Standby Letter of Credit Amendment
O 30 Date 6!n 5
O 26E Number of Amendment 2n 6
M 31C Date of Issue or Request to Issue 6!n 7
M 77C Amendment Details 150*65x 8

MT 767 Usage Rules

• The guarantee amendment is to be considered as part of the guarantee.
• The terms and conditions of the original guarantee or instruction(s) not mentioned in the message remain
the same.
• The cancellation of a guarantee, that is, MT 760, takes the form of an amendment. The MT 767 must
therefore be used.
• Since a SWIFT message is restricted to the maximum input message length, more than one MT 767 may
need be required to accommodate all the details of the guarantee amendment.


FORMAT
PRESENCE
Mandatory
DEFINITION
This field specifies the number of this message in the series of messages sent for a guarantee, and the total
number of messages in the series.

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field contains a reference assigned by the Sender to unambiguously identify the message.
T26).

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, this field contains the contents of field 20 Transaction Reference Number of the
acknowledgement.
If no acknowledgement has been previously received, this field will contain a reference which is meaningful to
the Receiver, for example, the guarantee number.

T26).
USAGE RULES
If no meaningful reference is available, the code NONREF must be used.

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
CODES
ISSUE The message is an amendment to a guarantee which the Sender previously issued.
REQUEST The message is requesting the amendment to a guarantee which the Sender
previously requested to be issued.
5. Field 30: Date

FORMAT
6!n (Date)
PRESENCE
Optional
DEFINITION
When the message is sent to amend a guarantee, this field specifies the date of the amendment.
When the message is sent to request the Receiver to amend a guarantee, this field specifies the date of the
request for the amendment.

USAGE RULES
In the absence of this field, the amendment date or request for amendment date of the guarantee is the date
on which this MT 767 was sent.
6. Field 26E: Number of Amendment

FORMAT
Option E 2n (Number)
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.
7. Field 31C: Date of Issue or Request to Issue

FORMAT
Option C 6!n (Date)
PRESENCE
Mandatory
DEFINITION
When the message is sent to amend a guarantee, this field must specify the original issue date of the
guarantee.
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.
8. Field 77C: Amendment Details

FORMAT

PRESENCE
Mandatory
DEFINITION
This field specifies all amended terms, conditions and details of the guarantee.
CODES
CANCEL The guarantee is cancelled for the unutilized portion.
USAGE RULES
The terms and conditions of the original guarantee which are not mentioned in this field, remain the same.

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION
CODES

of the terms and conditions contained in the guarantee.
PHONBEN Please advise/contact the beneficiary by phone.
TELEBEN Please advise/contact the beneficiary by the most efficient means of

telecommunication.
USAGE RULES

the field.
MT 767 Examples
Narrative
On 15 May 2002, National Westminster Bank, London, sends Swiss Bank Corporation, San Francisco, an
amendment (reference AG5559823) to its issue of Performance Guarantee No. PG8761234.
(To review the guarantee, see the Example section of the MT 760.)
The amendment states:
"We hereby advise you of the amendments made to the referenced performance guarantee.
Our liability is valid as at 1 July 2002 and shall expire on 30 June 2003.
All other terms and conditions remain unchanged as agreed upon in the initial issue of this guarantee.
Please confirm the beneficiary's acceptance of this amendment."
Information Flow
SWIFT Message
Explanation Format
Sender NWBKGB2L
Message Type 767
Receiver SBCOUS66

Explanation Format
Message Text
TRN :20:AG5559823
Related Ref (1) :21:PG8761234
Further ID (2) :23:ISSUE
Amendment Details :77C:WE HEREBY ADVISE YOU OF AMENDMENTS

MADE TO THE REFERENCED PERFORMANCE
GUARANTEE. OUR LIABILITY IS VALID AS AT 1
JULY 2002 AND SHALL EXPIRE ON 30 JUNE 2003.
S to R Info (3) :72:/BENCON/
(1) The reference meaningful to the Receiver, which is the reference initially assigned to the issue of the
guarantee.
(2) Further identification of the purpose of the message - this message is an amendment to a guarantee
originally issued by the Sender.
(3) The Sender is requesting that the beneficiary confirm acceptance of the terms of the amendment.

MT 768 Acknowledgement of a Guarantee / Standby Message
MT 768 Acknowledgement of a Guarantee / Standby

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. 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.
It is used to acknowledge receipt of any message relating to a guarantee and, where applicable, to indicate
that action has been taken according to the instructions.
The Sender's charges may also be accounted for in this message.

M 30 Date of Message Being Acknowledged 6!n 4
O 71B Details of Charges 6*35x 7

C2 If field 32D is present, field 57a must not be present (Error code(s): C78).
C3 If field 71B is present, field 32a must also be present (Error code(s): C33).


FORMAT
16x
PRESENCE
Mandatory
DEFINITION
T26).

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field contains the reference of the message which is being acknowledged.
T26).
USAGE RULES
If the related message was not sent via SWIFT, this field contains a reference which is meaningful to the
Receiver.
If no such reference is available, this field must contain the code NONREF.

FORMAT
35x (Account)

PRESENCE
DEFINITION
This field identifies, where necessary, the account which is used for settlement of charges.
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.
4. Field 30: Date of Message Being Acknowledged

FORMAT
6!n (Date)
PRESENCE
Mandatory
DEFINITION
This field specifies the date on which the message being acknowledged was sent.

FORMAT

PRESENCE
DEFINITION
This field specifies the currency code and total amount of charges claimed by the Sender of the message.

USAGE RULES
If the Sender services an account for the Receiver in the currency of the charges, and this account has been
debited in reimbursement, Option D must be used, specifying the value date of the debit.
In all other cases, Option B must be used.

FORMAT

[35x] (Location)
PRESENCE
DEFINITION
This field specifies the bank at which the Sender wishes to receive credit for charges claimed in field 32a.
code(s): C05).
7. Field 71B: Details of Charges

FORMAT

information]
information]
PRESENCE
Optional
DEFINITION
This field contains the specific details of commission and charges claimed by the Sender in field 32a.

CODES
COMM Our commission
POST Our postage
STAMP Stamp duty
USAGE RULES
the field.

FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION
CODES
One of the following codes may be used.
BENACC The beneficiary has accepted the amendment of the guarantee.
BENREJ The beneficiary has rejected the amendment of the guarantee.

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.
the field.
MT 768 Examples
Example 1: Acknowledgement of a Guarantee Message
Narrative
On 20 May 2002, Swiss Bank Corporation, San Francisco, acknowledges to National Westminster Bank Plc,
London (reference 1PG8761234), receipt of the amendment to the issue of Performance Guarantee No.
PG8761234, as well as the beneficiary's acceptance of the amendment.
(To review the guarantee amendment for this example, see the Example section of the MT 767.)
Information Flow

SWIFT Message
Explanation Format
Sender SBCOUS66
Message Type 768
Receiver NWBKGB2L
Message Text
TRN :20:1PG8761234
Related Ref (1) :21:AG5559823
Date of Msg (2) :30:020515
S to R Info (3) :72:AMENDMENTS HAVE BEEN ACCEPTED BY

BENEFICIARY
(1) The reference of the message being acknowledged.

(2) Date of the message being acknowledged.
(3) Sender to receiver information, indicating beneficiary acceptance of the amendment.
Example 2: Guarantee
Narrative
Shining Star Jewellers, New York, has signed a contract with Fine Gems Company, Antwerp, covering the
purchase of 1,000 carats of quality diamonds.
The contract is in Belgian Francs.
Shining Star Jewellers banks with Bank Leumi Trust Co. of New York.
Fine Gems Company banks with Kredietbank, N.V., Antwerp.
On 10 February 2003, Bank Leumi Trust Co. of New York issues a guarantee in favour of Fine Gems
Company, and advises Kredietbank, N.V., Antwerp.
The content of the guarantee is as follows:
Issue of Performance Guarantee No. PG378556
We, Bank Leumi Trust Company of NY, New York, hereby undertake to pay to Fine Gems Company, Antwerp,
any sum or sums not exceeding an aggregate of EUR 20,000,000 (Euro twenty million), representing the
purchase of 1000 VVVF diamonds, on receipt by us at this office of your first demand on us in writing,
complying with all the requirements hereof, quoting our reference Performance Guarantee No. PG378556.
The signatures appearing thereon to be duly confirmed by your bankers.
Always provided that:
• This undertaking is personal to you and is not assignable.
• Our liability hereunder shall be limited to a sum or sums not exceeding in aggregate EUR 20,000,000
(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.
• This undertaking shall be governed by and construed according to the Laws of the State of New York,
U.S.A., 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.
Information Flow
* Format
1 LUMIUS3N
2 760
3 KREDBE22
4 :27:1/1
Message Text
5 :20:PG378556
6 :23:ISSUE
7 :30:030210

* Format
8 :77C:WE, BANK LEUMI TRUST COMPANY OF NY, NEW YORK, HEREBY UNDERTAKE TO PAY
TO FINE GEMS COMPANY, ANTWERP, ANY SUM OR SUMS NOT EXCEEDING AN AGGREGATE OF
EUR 20,000,000 (EURO TWENTY MILLION), REPRESENTING THE PURCHASE OF 1000 VVVF
DIAMONDS, ON RECEIPT BY US AT THIS OFFICE OF YOUR FIRST DEMAND ON US IN
WRITING, COMPLYING WITH ALL THE REQUIREMENTS HEREOF, QUOTING OUR REFERENCE
PERFORMANCE GUARANTEE NO. PG378556. THE SIGNATURES APPEARING THEREON TO BE
DULY CONFIRMED BY YOUR BANKERS.
ALWAYS PROVIDED THAT:
1. THIS UNDERTAKING IS PERSONAL TO YOU AND IS NOT ASSIGNABLE.
2. OUR LIABILITY HEREUNDER SHALL BE LIMITED TO A SUM OR SUMS NOT EXCEEDING

IN AGGREGATE EUR 20,000,000 (EURO TWENTY MILLION).
3. 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.
4. THIS UNDERTAKING SHALL BE GOVERNED BY AND CONSTRUED.
5. ACCORDING TO THE LAWS OF THE STATE OF NEW YORK, 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.
* 1. Sender of the message

2. Message Type/Priority
3. Receiver of the message
4. Sequence of Total
5. Transaction Reference Number
6. Further Identification (ISSUE of a Guarantee)
7. Date of Issue
8. Terms and conditions of the Guarantee
Example 3: Acknowledgement of a Guarantee Message

Narrative
On 11 February 2003, Kredietbank forwards the guarantee to its customer, Fine Gems Company. On
acceptance of the terms of the guarantee by Fine Gems, Kredietbank acknowledges to Bank Leumi and
requests that its advising commission of EUR 4,000 be paid to its account at Kredietbank's main office in
Brussels.

Information Flow
SWIFT Message
Explanation Format
Sender KREDBE22
Message Type 768
Receiver LUMIUS3N
Message Text
TRN :20:GA7326
Related Ref (1) :21:PG378556
Date of Msg (2) :30:030210
Amt of Charges :32B:EUR4000,
Acct With Bank :57A:KREDBEBB
S to R Info (3) :72:BENEFICIARY RECD AND ACCEPTED THE TERMS

AND CONDITIONS OF GUARANTEE
(1) The reference of the message being acknowledged.

(2) Date of the message being acknowledged.
(3) Sender to receiver information, indicating beneficiary acceptance of the terms and conditions of the
guarantee.

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.
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.
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.
The Sender's charges may also be accounted for in this message.

O 30 Date of Reduction or Release 6!n 4
O 33B Amount Reduced or Released 3!a15d 6
O 34B Amount Outstanding 3!a15d 7
O 39C Amount Specification 4*35x 8
O 71B Details of Charges 6*35x 10

C2 Either field 33B or field 39C, but not both, must be present (Error code(s): C34).
C3 If field 32D is present, then field 57a must not be present (Error code(s): C78).
C4 If field 71B is present, then field 32a must also be present (Error code(s): C33).
C5 The currency code in the amount fields 33B and 34B must be the same (Error code(s): C02).


FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field contains the reference assigned by the Sender to unambiguously identify the message.
T26).

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.
T26).
USAGE RULES
If the related message was not sent via SWIFT, this field contains a reference which is meaningful to the
Receiver.

FORMAT
35x (Account)

PRESENCE
DEFINITION
When the Sender has debited the account of the Receiver for its charges, that is, field 32D is used, this field
identifies the number of the account which has been debited.
4. Field 30: Date of Reduction or Release

FORMAT
6!n (Date)
PRESENCE
Optional
DEFINITION
This field specifies the date as of which the bank which has issued or requested the issuance of the
guarantee, that is, the Receiver, is released of all its liability under the specified guarantee for the amount
specified in field 33B or 39C.
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.

FORMAT

PRESENCE
DEFINITION
This field specifies the currency code and total amount of charges claimed by the Sender of the message.

USAGE RULES
If the Sender services an account for the Receiver in the currency of the charges, and this account has been
debited in reimbursement, Option D must be used, specifying the value date of the debit.
In all other cases, Option B must be used.
6. Field 33B: Amount Reduced or Released

FORMAT
PRESENCE
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.
USAGE RULES
Where the amount of the guarantee and, consequently, the amount released, cannot be expressed in terms of
a specific amount, field 39C must be used instead of field 33B.
7. Field 34B: Amount Outstanding

FORMAT
PRESENCE
Optional
DEFINITION
When the liability under the specified guarantee is not to be released in its entirety, this field specifies the
currency code and amount outstanding.

8. Field 39C: Amount Specification

FORMAT
PRESENCE
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.
USAGE RULES
This field must be used in those instances where the amount of the guarantee and, consequently, the amount
released, cannot be expressed in terms of a specific amount.

FORMAT

[35x] (Location)
PRESENCE
DEFINITION
This field specifies the bank at which the Sender wishes to receive credit for charges claimed in field 32a.

code(s): C05).
10. Field 71B: Details of Charges

FORMAT

information]
information]
PRESENCE
Optional
DEFINITION
This field contains the specific details of commission and charges claimed by the Sender in field 32a.
CODES
COMM Our commission
POST Our postage
STAMP Stamp duty
USAGE RULES
the field.


FORMAT
6*35x (Narrative)

information]
or
PRESENCE
Optional
DEFINITION
USAGE RULES
This field may include ERI, as specified in the chapter entitled "Euro - Impact on SWIFT Message Standards"
the field.
MT 769 Examples
Narrative
On 12 January 2003, Swiss Bank Corporation, San Francisco, advises National Westminster Bank Plc,
London (reference 2PG8761234), that it has been released of all liability for an amount of US Dollars 14,000.
The outstanding obligation under the guarantee is US Dollars 13,240.
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, New York.
(To review the guarantee for this example, see the Example section of the MT 760.)

Information Flow
SWIFT Message
Explanation Format
Sender SBCOUS66
Message Type 769
Receiver NWBKGB2L
Message Text
Transaction Reference Number :20:2PG8761234
Related Reference (1) :21:PG8761234
Date of Release :30:030112
Amount of Charges (2) :32B:USD35,
Amount Reduced (3) :33B:USD14000,
Amount Outstanding (4) :34B:USD13240,
Account With Bank (5) :57A:BONYUS33
Details of Charges (6) :71B:/TELECHAR/USD21,

/COMM/USD14,
(1) The reference of the guarantee.

(2) The Sender's charges for the transaction.
(3) The amount by which National Westminster Bank's liability has been reduced.
(4) The amount of liability remaining under the guarantee.
(5) The bank (Bank of New York) at which the Sender wishes to receive payment of its charges.
(6) An explanation of the charges specified in field 32B.

Part 3 Common Group
Part 3
Common Group

Common Group Message Types

The following table lists all Common Group message types defined in Category 7.

Length
790 Advice of Charges, Advises an account owner of Y 2,000 N

Interest and Other charges, interest or other
Adjustments adjustments to its account
791 Request for Payment Requests payment of charges, Y 2,000 N

of Charges, Interest interest or other expenses
and Other Expenses
792 Request for Requests the Receiver to consider Y 2,000 N

Cancellation cancellation of the message
identified in the request
795 Queries Requests information relating to a Y 2,000 N

previous message or amendment to
a previous message
796 Answers Responds to a MT 795 Queries Y 2,000 N

message or MT 792 Request for
Cancellation or other messages
where no specific message type has
been provided for the response
798 Proprietary Message Contains formats defined and Y 10,000 N

agreed to between users and for
those messages not yet live
799 Free Format Message Contains information for which no Y 10,000 N

other message type has been
defined
column MUG.

MT 790 Advice of Charges, Interest and Other Adjustments
MT 790 Advice of Charges, Interest and Other

Adjustments
See Category n - Common Group Messages, Chapter n90 Advice of Charges, Interest and Other Adjustments
for details concerning this message type.

MT 791 Request for Payment of Charges, Interest and

Other Expenses
See Category n - Common Group Messages, Chapter n91 Request for Payment of Charges, Interest or Other
Expenses for details concerning this message type.

MT 792 Request for Cancellation
MT 792 Request for Cancellation

See Category n - Common Group Messages, Chapter n92 Request for Cancellation for details concerning this
message type.

MT 795 Queries
See Category n - Common Group Messages, Chapter n95 Queries for details concerning this message type.

MT 796 Answers
MT 796 Answers
See Category n - Common Group Messages, Chapter n96 Answers for details concerning this message type.

MT 798 Proprietary Message

See Category n - Common Group Messages, Chapter n98 Proprietary Message for details concerning this
message type.

MT 799 Free Format Message
MT 799 Scope
This message type is used by financial institutions to send or receive information for which another message
type is not applicable.

O 21 Related Reference 16x 2
----->
M 79 Narrative 35*50x 3
-----|


FORMAT
16x
PRESENCE
Mandatory
DEFINITION
T26).


FORMAT
16x
PRESENCE
Optional
DEFINITION
This field contains a reference to the related message.
T26).

FORMAT
35*50x (Narrative)
PRESENCE
Mandatory
DEFINITION
This field contains the free format message. This field may be repeated.
MT 799 Examples
As any free format information may be provided in this message type, no message examples will be provided.

Glossary of Terms
Glossary of Terms
In addition to the definitions which appear in the Glossary of Terms in SWIFTStandards MT General
Information, the following terms apply to category 7 message types.
For any additional definitions or details, see the Uniform Rules for Bank-to-Bank Reimbursements under
documentary credits (URR) and the Uniform Customs and Practice for documentary credits (UCP),
International Chamber of Commerce, Paris, France.
Advising Bank The bank requested to advise the documentary credit.
Advising Instruction An instruction to the Advising Bank regarding confirmation of the

documentary credit.
Amendment Date The date on which an amendment was issued.
Amendment Statement A standard phrase linking the amendment to the original documentary
credit.
Amount Claimed The total claimed for reimbursement in a documentary credit, optionally
followed by the date on which the Claiming Bank requests the amount to
be placed at its disposal.
Applicant The party at whose request a transaction or service is to be undertaken.
Charges Authorisation Issuing Bank's approval to the Reimbursement Bank to honour charges.
Charges Claimed The charges and commissions in addition to a principal amount claimed
under a documentary credit.
Claiming Bank's Reference The reference assigned by the Claiming Bank which unambiguously
Number identifies a particular transaction.
Credit Available by The method by which a documentary credit will be made available.
Credit Available With The identification of the nominated bank at which the credit is available.
Draft Details Information pertaining to the draft(s) required under a documentary credit.
Endorsement of Drawings A record of a specific drawing on a documentary credit.
Expiry Date and Place The latest date and place for presentation of documents for payment,
acceptance, or negotiation.
Issue Date and Place The date of issue of a documentary credit.
Partial Shipments An incomplete shipment of goods.
Place for presentation Under a credit subject to UCP, this means an address where the paper
documents should be presented. Under a credit subject to eUCP, this
means an electronic address where the electronic records should be
presented.
Presentation Period The period of time after the date of the issuance of the transport document
within which documents must be presented for action.
Shipping Information as to where the goods must be shipped/loaded on board/

dispatched/taken in charge and to which destination they must be
transported.

Transshipment The shipment of goods between two points other than the original point of
shipment.
Transport Details The method whereby the goods were loaded on board, dispatch and taken
in charge, and to which destination they have been transported.

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Standards

Category 7 - Documentary Credits and Guarantees

For Standards MT November 2008

Message Reference Guide

SWIFTStandards Intellectual Property Rights (IPR) Policy - End-User License Agreement

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

Trademarks and Patents

SWIFT is the trading name of S.W.I.F.T. SCRL.

2 Message Reference Guide

MT 711 Advice of a Third Bank's or a Non-Bank's Documentary Credit ............................................95

4 Message Reference Guide

MT 742 Scope.............................................................................................................................. 164

MT 760 Field Specifications .........................................................................................................224

6 Message Reference Guide

• MT 760, addition of code ISPR and removal of code URCG

• MT 799, 707, field 79 becomes repetitive

• MT 734, extension of field 77J to 70*50x

• alignment of party identifier specification for use of BIC and BEIs

• some editorial enhancements throughout the document

Volume Formatting Explanation

Message Type Scope

Message Type Format Specifications

MT nnn (Message Type Name)

M 20 Transaction Reference Number 16x 1

M 21 Related Reference 16x 2

Mandatory Sequence A (Sequence Name)

M 25 Account Identification 35x 3

M 32a Value Date, Currency Code, Amount C or D 4

-----> Optional Repetitive Sequence B (Sequence Name)

O 52a Ordering Institution A or D 5

M 71B Details of Charges 6*35x 6

O 72 Sender to Receiver Information 6*35x 7

• Status indicates if the field is

• Tag is the field identification.

MT Network Validated Rules

8 Message Reference Guide

• PRESENCE indicates if the field is mandatory, optional or conditional in its sequence.

• DEFINITION specifies the definition of the field in the message type.

• EXAMPLES provides one or more examples of the field as it will be formatted/used.

• Narrative provides a brief description of a transaction

Euro - Impact on Category Message Standards

10 Message Reference Guide

Documentary Credit Message Types

MT MT Name Purpose Authen Max MUG

700 Issue of a Indicates the terms and conditions Y 10,000 N

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

705 Pre-Advice of a Provides brief advice of a Y 2,000 N

707 Amendment to a Informs the Receiver of Y 10,000 N

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

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

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

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

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

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

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

12 Message Reference Guide

MT MT Name Purpose Authen Max MUG

740 Authorisation to Requests the Receiver to honour Y 2,000 N

742 Reimbursement Claim Provides a reimbursement claim to Y 2,000 N