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Message Types

The document outlines various message types related to documentary credits and guarantees, including issuance, amendments, transfers, and reimbursements. Each message type, such as MT 700 for issuing a documentary credit and MT 750 for advising discrepancies, serves specific purposes in the communication between banks. This structured format facilitates the management and processing of documentary credits in international trade.

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PRATYUSH RAVI
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30 views4 pages

Message Types

The document outlines various message types related to documentary credits and guarantees, including issuance, amendments, transfers, and reimbursements. Each message type, such as MT 700 for issuing a documentary credit and MT 750 for advising discrepancies, serves specific purposes in the communication between banks. This structured format facilitates the management and processing of documentary credits in international trade.

Uploaded by

PRATYUSH RAVI
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Category 7 Documentary Credits and Guarantees / Standby Letters

Messages of Credit

MT 700 Issue of a Documentary Credit

MT 701 Issue of a Documentary Credit

MT 705 Pre-Advice of a Documentary Credit

MT 707 Amendment to a Documentary Credit

MT 710 Advice of a Third Bank’s Documentary Credit

MT 711 Advice of a Third Bank’s Documentary Credit

MT 720 Transfer of a Documentary Credit

MT 721 Transfer of a Documentary Credit

MT 730 Acknowledgment

MT 732 Advice of Discharge

MT 734 Advice of Refusal

MT 740 Authorization to Reimburse

MT 742 Reimbursement Claim

MT 747 Amendment to an Authorization to Reimburse

MT 750 Advice of Discrepancy


MT 752 Authorization to Pay, Accept or Negotiate

MT 754 Advice of Payment/Acceptance/Negotiation

MT 756 Advice of Reimbursement or Payment


Purpose

Indicates the terms and conditions of a documentary


credit.

Continuation of an MT 700 for fields 45a, 46a, and 47a.

Provides brief advice of a documentary credit for which


full details will follow.
Informs the receiver of amendments to the terms and
conditions of a documentary credit.
Advises the receiver of the terms and conditions of a
documentary credit.

Continuation of an MT 710 for fields 45a, 46a, and 47a.

Advises the transfer of a documentary credit, or part


thereof, to the bank advising the second beneficiary.

Continuation of an MT 720 for fields 45a, 46a, and 47a.

Acknowledges the receipt of a 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.

Advises that documents received with discrepancies have


been taken up.
Advises the refusal of documents that are not in
accordance with the terms and conditions of a
documentary credit.
Requests the receiver to honour claims for reimbursement
of payment(s) or negotiation(s) under a documentary
credit.
Provides a reimbursement claim to the bank authorised to
reimburse the sender or its branch for its payments/
negotiations.
Informs the reimbursing bank of amendments to the terms
and conditions of a documentary credit, relative to the
authorisation to reimburse.

Advises of discrepancies and requests authorisation to


honour documents presented that are not in accordance
with the terms and conditions of the documentary credit.
Advises a bank which has requested authorisation to pay,
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.
Advises that documents have been presented in
accordance with the terms of a documentary credit and
are being forwarded as instructed. This message type
also handles the payment/ negotiation.
Advises of the reimbursement or payment for a drawing
under a documentary credit in which no specific
reimbursement instructions or payment provisions were
given.

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