DOCUMENTARY CREDIT SWIFT

MESSAGE TYPES & THE FIELDS

Presented By
Md. Nazir Hossain CDCS
SAVP, Trade Services Division
ONE Bank Limited
 S.W.I.F.T. AND ITS CUSTOMERS
S.W.I.F.T. stands for Society for Worldwide Inter-bank
Financial Telecommunications. Financial institutions around
the world use S.W.I.F.T. to exchange confidential data.
More than 11,000 banking organizations, securities
institutions and corporate customers in over 200 countries
trust SWIFT every day to exchange millions of standardized
financial messages. In 1973 S.W.I.F.T. was founded by 239
banks in 15 countries. The first message was sent in 1977.
On Thursday 30June16, SWIFT had the peak day of 2016
(till now) with 30,392,943 messages. It is the 1st time
S.W.I.F.T reached volumes above 30 million. India adopted
S.W.I.F.T. in 1991, Sri Lanka in 1994, Nepal & Bangladesh
in 1999.

2
 SWIFT BIC (8 or 11 character)

Bank Identifier Code

4!a 2!a 2!c (3!c)

bank code country code location code branch code

The Bank Identifier Code (BIC) is a structured

address that clearly identifies partners in financial
transactions. It is used worldwide by financial
institutions and S.W.I.F.T. eg. ONEBBDDH001

It facilitates automated processing of

telecommunication messages in banking and
related environments.

3
 S.W.I.F.T. Messages
 User to User messages
Messages between users to process
their financial transactions

 System Messages
Messages between the S.W.I.F.T.
system and the users

4
Categories of Messages
0. System Messages
1. Customer Payments & Cheques
2. Financial Institution Transfers
3. Foreign Exchange, Money Markets &
Derivatives
4. Collections & Cash Letters
5. Securities Markets
6. Precious Metals & Syndications
7. Documentary Credits & Guaranties
8. Travelers Cheques
9. Cash Management & Customer Status

5
Authentication & RMA requirement
 Category 1,2,4,5,7 & 8: All messages
require authentication

 Category 3: Major do not require

authentication

 Category 6: Major do require

authentication

 Common Group Messages: n90, n91,

n95, n96 & n99

6
S.W.I.F.T. Character Set
abcdefghijklmnopqrstuvwxyz
ABCDEFGHIJKLMNOPQRSTUVWXYZ

0123456789
/ - ? : () . , ‘ +
Space character

7
 S.W.I.F.T. Format Amount
In swift messages an amount has the
following characteristics:
 The integer part must contain at least one digit.
 A decimal comma shall only precede the decimal
part.
 The maximum length includes the decimal
comma.
 The fractional part may be absent, but the
decimal comma must always be present.
 Blank spaces and any symbols other than the
decimal comma are not permitted.
 Numbers must not begin with zeros, except the
integer zero before the decimal comma.
8
 How does a S.W.I.F.T. message look like?
 --------------------- Instance Type and Transmission --------------
 Original received from SWIFT
 Priority : Normal
 Message Output Reference : 1010 150607ONEBBDDHA0015476244602
 Correspondent Input Reference : 0240 150604ICICINBBACTS9376415974
 --------------------------- Message Header -------------------------
 Swift Output : FIN 730 Acknowledgement
 Sender : ICICINBBCTS
 ICICI BANK LIMITED
 (GLOBAL TRADE SERVICES UNIT-MUMBAI)
 MUMBAI IN
 Receiver : ONEBBDDH001
 ONE BANK LTD.
 PRINCIPAL BRANCH
DHAKA BD
 --------------------------- Message Text ---------------------------
 20: Sender's Reference
 006XLC1726108
 21: Receiver's Reference
 18771501….
 30: Date of Msg Being Acknowledged
 150604
 72: Sender to Receiver Information
 The subject letter of credit has
 been advised to the beneficiary as
 per UCPDC latest version
 Please quote our reference no.
 in all your future communication.
 We thank you for the business.
 --------------------------- Message Trailer ------------------------
 {CHK:649430A1C497}
 PKI Signature: MAC-Equivalent

9
FIN103 Single Customer Credit Transfer

 This message is sent by or on behalf of the financial

institution of the ordering customer, directly or
through (a) correspondent(s), to the financial
institution of the beneficiary customer.
 It is used to convey a funds transfer instruction in
which the ordering customer or the beneficiary
customer, or both, are non-financial institutions from
the perspective of the Sender.

 C14: If field 71A contains OUR, then field 71F is not

allowed (Error code(s): E13). If field 71A contains
BEN, then at least one occurrence of field 71F is
mandatory (Error code(s): E15).

10
 FIN103 Single Customer Credit Transfer
Status Tag Field Name Content/Options
M 20 Sender’s reference 16x
M 23B Bank Operation Code 4!c
O 23E Instruction Code 4!c[/30x]
M 32A Value Date/Currency/Interbank Settled Amount 6!n3!a15d
O 33B Currency/Instructed Amount 3!a15d
O 36 Exchange Rate 12d
M 50a Ordering Customer A or K
O 52a Ordering Institution A or D
O 53a Sender’s Correspondent A or D
O 54a Receiver’s Correspondent A or D
O 57a Account With Institution A or D
M 59 Beneficiary Customer 4*35x[/34x]
O 70 Remittance Information 4*35x
M 71A Details of Charges 3!a

O 71F Sender's Charges 3!a15d

O 72 Sender to Receiver Information 6*35x

11
 FIN202 General Financial Institution Transfer
 This message is sent by or on behalf of the
ordering institution directly, or through
correspondents, to the financial institution of the
beneficiary institution.

 It is used to order the movement of funds to the

beneficiary institution.

 This message may also be sent to a financial

institution servicing multiple accounts for the
Sender to transfer funds between these accounts.
In addition it can be sent to a financial institution
to debit an account of the Sender serviced by the
Receiver and to credit an account, owned by the
Sender at an institution specified in field 57.
12
FIN202 General Financial Institution Transfer
Status Tag Field Name Content/Options

M 20 Transaction Reference Number 16x

M 21 Related Reference 16x

M 32A Value Date, Currency Code, Amount 6!n3!a15d

O 52a Ordering Institution A or D

O 53a Sender’s Correspondent A or D

O 54a Receiver’s Correspondent A or D

O 56a Intermediary A or D

O 57a Account With Institution A or D

M 58a Beneficiary Institution A or D

O 72 Sender to Receiver Information 6*35x

13
 Documentary Credit Message Types
MT MT Name Purpose Maximum
Length
700 Issue of a Documentary Indicates the terms and conditions of a DC 10,000
Credit
701 Issue of a Documentary Continuation of an MT 700 for fields 45a, 10,000
Credit 46a and 47a

705 Pre-Advice of a Brief advice of a DC for which full details 2,000

Documentary Credit will follow

707 Amendment to a amendments to the terms and conditions of 10,000

Documentary Credit a DC

710 Advice of a Third Advises the Receiver of the terms and 10,000
Bank's DC conditions of a DC

711 Advice of a Third Continuation of an MT 710 for fields 45a, 10,000

Bank's DC 46a and 47a

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

Documentary Credit DC, or part thereof, to the bank advising
the second Beneficiary

721 Transfer of a Continuation of an MT 720 for fields 45a, 10,000

Documentary Credit 46a and 47a

730 Acknowledgement Acknowledges the receipt of a DC msg and 2,000

may indicate that the msg 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 DC
14
MT MT Name Purpose Max.
Length
732 Advice of Discharge Advises that documents received with discrepancies have 2,000
been taken up

734 Advice of Refusal Advises the refusal of documents that are not in accordance 10,000
with the terms & conditions of a DC

740 Authorisation to Requests the receiver to honor claims for reimbursement of 2,000
Reimburse payment(s) or negotiation(s) under a DC
742 Reimbursement Provides reimbursement claim to the bank authorised to 2,000
Claim reimburse the sender or its br. for its payments/negotiations
747 Amendment to an Informs the reimbursing bank amendments to the terms & 2,000
Authorisation to conditions of a DC, relative to the RA
Reimburse
750 Advice of Advises discrepancies & requests authorisation to honour 10,000
Discrepancy documents presented that are not in accordance with the
terms and conditions of the DC
752 Authorisation to Pay, Advises a bank which requested authorisation to pay, accept, 2,000
Accept or Negotiate negotiate or incur a def payment undertaking that the
presentation of docs may be honoured, notwithstanding the
discrepancies, provided they are otherwise in order
754 Advice of Payment/ Advises that documents have been presented in accordance 10,000
Acceptance/ with the terms of a DC & are being forwarded as instructed.
Negotiation This message also handles the payment/negotiation

756 Advice of Advises of the reimbursement or payment for a drawing 10,000

Reimbursement or under a DC in which no specific reimbursement instructions
Payment or payment provisions were given
15
799 Free Format Message Miscellaneous 2,000
FIN700 Issue of a Documentary Credit

 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).

16
 FIN700 Issue of a Documentary Credit
Status Tag Field Name Content/Options

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

M 40A Form of Documentary Credit 24x
M 20 Documentary Credit Number 16x
O 23 Reference to Pre-Advice 16x
O 31C Date of Issue 6!n
M 40E Applicable Rules 30x
M 31D Date and Place of Expiry 6!n29x
O 51a Applicant Bank A or D
M 50 Applicant 4*35x
M 59 Beneficiary [/34x]4*35x
M 32B Currency Code, Amount 3!a15d
O 39A Percentage Credit Amount Tolerance 2n/2n
O 39B Maximum Credit Amount 13x
O 39C Additional Amounts Covered 4*35x
M 41a Available With … By … A or D
17
 FIN700 Issue of a Documentary Credit
Status Tag Field Name Content/Options
O 42C Drafts at … 3*35x
O 42a Drawee A or D
O 42M Mixed Payment Details 4*35x
O 42P Deferred Payment Details 4*35x
O 43P Partial Shipments 35x
O 43T Transshipment 35x
O 44A Place of Taking in Charge/Dispatch from 65x
.../Place of Receipt
O 44E Port of Loading/Airport of Departure 65x
O 44F Port of Discharge/Airport of Destination 65x
O 44B Place of Final Destination/For Transportation to .../ 65x
Place of Delivery

O 44C Latest Date of Shipment 6!n

O 44D Shipment Period 6*65x
O 45A Description of Goods and/or Services 100*65x

18
 FIN700 Issue of a Documentary Credit
Status Tag Field Name Content/Options
O 46A Documents Required 100*65x
O 47A Additional Conditions 100*65x
O 71B Charges 6*35x
O 48 Period for Presentation 4*35x
M 49 Confirmation Instructions 7!x
O 53a Reimbursing Bank A or D
O 78 Instructions to the 12*65x
Paying/Accepting/Negotiating Bank
O 57a ‘Advice Through’ Bank A, B, or D
O 72 Sender to Receiver Information 6*35x

19
FIN700 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).

20
FIN701 Issue of a Documentary Credit

 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).
 This message is sent in addition to a FIN700
Issue of a Documentary Credit, when the
information in the documentary credit
exceeds the maximum input message length
of the FIN700.

21
 FIN701 Issue of a Documentary Credit
Status Tag Field Name Content/Options
M 27 Sequence of Total 1!n/1!n
M 20 Documentary Credit Number 16x
O 45B Description of Goods and/or Services 100*65x
O 46B Documents Required 100*65x
O 47B Additional Conditions 100*65x
To cater for lengthy documentary credits, up to six MT 701s may be
sent in addition to an MT 700. 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.
Some examples of valid combinations:
 MT 700 contains field 47A; the subsequent MT 701 contains fields 45B and
46B.
 MT 700 contains field 46A; the subsequent MT 701 contains fields 45B 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. 22
 FIN707 Amendment to a Documentary Credit
 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.

23
 FIN707 Amendment to a Documentary Credit
Status Tag Field Name Content/Options

M 20 Sender’s Reference 16x

M 21 Receiver’s Reference 16x
O 23 Issuing Bank’s Reference 16x
O 52a Issuing Bank A or D
O 31C Date of Issue 6!n
O 30 Date of Amendment 6!n
O 26E Number of Amendment 2n
M 59 Beneficiary (before this amendment) 4*35x
M 59 Beneficiary 4*35x
O 31E New Date of Expiry 6!n
O 32B Increase of Documentary Credit Amount 3!a15d
O 33B Decrease of Documentary Credit Amount 3!a15d
O 34B New Documentary Credit Amount After 3!a15d
Amendment

24
 FIN707 Amendment to a Documentary Credit
Status Tag Field Name Content/Options
O 39A Percentage Credit Amount Tolerance 2n/2n
O 39B Maximum Credit Amount 13x
O 39C Additional Amounts Covered 4*35x
O 44A Place of Taking in Charge/Dispatch from 65x
.../Place of Receipt
O 44E Port of Loading/Airport of Departure 65x
O 44F Port of Discharge/Airport of Destination 65x
O 44B Place of Final Destination/For Transportation to .../ 65x
Place of Delivery

O 44C Latest Date of Shipment 6!n

O 44D Shipment Period 6*65x
O 79 Narrative 35*50x
O 72 Sender to Receiver Information 6*35x

25
 FIN707 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).
 C5: Either field 52a "Issuing Bank" or field 50B "Non-Bank
Issuer", but not both, must be present (Error code(s):
C06)
 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) 26
FIN710 Advice of a 3rd Bank’s Documentary Credit

 This message is sent by an Advising Bank,

which has received a documentary credit from
the Issuing Bank, 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.

27
 FIN710 Advice of a 3rd Bank’s Documentary Credit
Status Tag Field Name Content/Options
M 27 Sequence of Total 1!n/1!n
M 40B Form of Documentary Credit (Type) (Code) [24x] 24x
M 20 Sender’s Reference 16x
M 21 Documentary Credit Number 16x
O 23 Reference to Pre-Advice 16x
O 31C Date of Issue 6!n
M 40E Applicable Rules 30x
M 31D Date and Place of Expiry 6!n29x
O 52a Issuing Bank A or D
O 50B Non-Bank Issuer 4*35x
O 51a Applicant Bank A or D
M 50 Applicant 4*35x
M 59 Beneficiary [/34x]4*35x
M 32B Currency Code, Amount 3!a15d
O 39A Percentage Credit Amount Tolerance 2n/2n
O 39B Maximum Credit Amount 13x
O 39C Additional Amounts Covered 4*35x
M 41a Available With … By … A or D
FIN710 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).
 C5: Either field 52a "Issuing Bank" or field 50B
"Non-Bank Issuer", but not both, must be
present (Error code(s): C06)

29
FIN720 Transfer of a Documentary Credit
 When a beneficiary has requested the transfer
of a documentary credit - originally issued by
a 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.

30
 FIN720 Transfer of a Documentary Credit
Status Tag Field Name Content/Options
M 27 Sequence of Total 1!n/1!n
M 40B Form of Documentary Credit (Type) (Code) [24x] 24x
M 20 Sender’s Reference 16x
M 21 Documentary Credit Number 16x
O 31C Date of Issue 6!n
M 40E Applicable Rules 30x
M 31D Date and Place of Expiry 6!n29x
O 52a Issuing Bank of the Original Documentary Credit A or D
O 50B Non-Bank Issuer of the Original Documentary 4*35x
Credit
O 51a Applicant Bank A or D
M 50 First Beneficiary 4*35x
M 59 Second Beneficiary [/34x]4*35x
M 32B Currency Code, Amount 3!a15d
O 39A Percentage Credit Amount Tolerance 2n/2n
O 39B Maximum Credit Amount 13x
O 39C Additional Amounts Covered 4*35x
M 41a Available With … By … A or D
FIN720 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).
 C5: Either field 52a "Issuing Bank" or field 50B
"Non-Bank Issuer", but not both, must be
present (Error code(s): C06)

32
 FIN730 Acknowledgement
 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.

33
 FIN730 Acknowledgement
Status Tag Field Name Content/Options

M 20 Sender’s Reference 16x

M 21 Receiver’s Reference 16x

O 25 Account Identification 35x

M 30 Date of Message Being 6!n

Acknowledged

O 32a Amount of Charges B or D

O 57a Account With Bank A or D

O 71B Charges 6*35x

O 72 Sender to Receiver Information 6*35x

34
FIN732 Advice of Discharge
 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.

35
FIN732 Advice of Discharge
Status Tag Field Name Content/Options

M 20 Sender’s TRN 16x

M 21 Presenting Bank’s Reference 16x

M 30 Date of Advice of 6!n

Payment/Acceptance/Negotiation

M 32B Amount of Utilization 3!a15d

O 72 Sender to Receiver Information 6*35x

36
 FIN734 Advice of Refusal
 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.
37
 FIN734 Advice of Refusal
Status Tag Field Name Content/Options
M 20 Sender’s TRN 16x
M 21 Presenting Bank’s Reference 16x
M 32A Date and Amount of Utilization 6!n3!a15d
O 73 Charges Claimed 6*35x
O 33a Total Amount Claimed A or B
O 57a Account With Bank A or D
O 72 Sender to Receiver Information 6*35x
M 77J Discrepancies 40*35x
M 77B Disposal of Documents 3*35x
Field 77B contains information regarding the disposal of the documents. One of
the following codes may be used in Code:

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 38
FIN740 Authorisation to Reimburse
 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 FIN740 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 FIN740.

39
 FIN740 Authorization to Reimburse
Status Tag Field Name Content/Options
M 20 Documentary Credit Number 16x
O 25 Account Identification 35x
O 31D Date and Place of Expiry 6!n29x
O 58a Negotiating Bank A or D
O 59 Beneficiary 4*35x
M 32B Currency Code, Amount 3!a15d
O 39A Percentage Credit Amount Tolerance 2n/2n
O 39B Maximum Credit Amount 13x
O 39C Additional Amounts Covered 4*35x
M 41a Available With … By … A or D
O 42C Drafts at … 3*35x
O 42a Drawee A or D
O 42M Mixed Payment Details 4*35x
O 42P Deferred Payment Details 4*35x
O 71A Reimbursing Bank’s Charges 3!a
O 71B Other Charges 6*35x
O 72 Sender to Receiver Information 6*35x
40
FIN742 Reimbursement Claim

 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.

41
 FIN742 Reimbursement Claim
Status Tag Field Name Content/Options

M 20 Claiming Bank’s Reference 16x

M 21 Documentary Credit Number 16x

O 31C Date of Issue 6!n

M 52a Issuing Bank A or D

M 32B Principal Amount Claimed 3!a15d

O 33B Additional Amount Claimed as allowed for 3!a15d

in Excess of Principal Amount

O 71B Other Charges 6*35x

M 34a Total Amount Claimed A or B

O 57a Account With Bank A or D

O 58a Beneficiary Bank A or D

O 72 Sender to Receiver Information 6*35x

42
FIN747 Amendment to Authorisation to Reimb
 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.

43
 FIN747 Amendment to an Authorisation to Reimb
Status Tag Field Name Content/Options

M 20 Documentary Credit Number 16x

O 21 Reimbursing Bank’s Reference 16x

M 30 Date of the Original Authorization to 6!n

Reimburse
O 31E New Date of Expiry 6!n

O 32B Increase of Documentary Credit Amount 3!a15d

O 33B Decrease of Documentary Credit Amount 3!a15d

O 34B New Documentary Credit Amount After 3!a15d
Amendment
O 39A Percentage Credit Amount Tolerance 2n/2n

O 39B Maximum Credit Amount 13x

O 39C Additional Amounts Covered 4*35x

O 72 Sender to Receiver Information 6*35x

O 77A Narrative 20*35x

44
FIN750 Advice of Discrepancy
 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 FIN750 is a request for authorisation to take

up documents. Authorisation may be provided
using a FIN752 Authorisation to Pay, Accept or
Negotiate; a negative reply to the request may be
provided using a FIN796 Answers.
45
 FIN750 Advice of Discrepancy
Status Tag Field Name Content/Options

M 20 Sender’s Reference 16x

M 21 Related Reference 16x
M 32B Principal Amount 3!a15d
O 33B Additional Amount 3!a15d
O 71B Charges to be Deducted 6*35x

O 73 Charges to be Added 6*35x

O 34B Total Amount to be Paid 3!a15d

O 57a Account With Bank A or D

O 72 Sender to Receiver Information 6*35x

M 77J Discrepancies 40*35x

46
FIN752 Authorisation to Pay, Accept or Negotiate

 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 a FIN750 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.

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FIN752: Authorisation to Pay, Accept or Negotiate
Status Tag Field Name Content/Options

M 20 Documentary Credit Number 16x

M 21 Presenting Bank’s Reference 16x
M 23 Further Identification 16x
M 30 Date of Advice of Discrepancy or 6!n
Mailing
O 32B Total Amount Advised 3!a15d

O 71B Charges Deducted 6*35x

O 33a Net Amount A or B

O 53a Sender’s Correspondent A or D

O 54a Receiver’s Correspondent A or D

O 72 Sender to Receiver Information 6*35x

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FIN754 Advice of Payment/Acceptance/Negotiation

 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 FIN754 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.

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 FIN754: Advice of Payment/Acceptance/Negotiation
Status Tag Field Name Content/Options

M 20 Sender’s Reference 16x

M 21 Related Reference 16x
M 32a Principal Amount A or B
Paid/Accepted/Negotiated
O 33B Additional Amounts 3!a15d
O 71B Charges Deducted 6*35x
O 73 Charges Added 6*35x
O 34a Total Amount Claimed A or B

O 53a Reimbursing Bank A or D

O 57a Account With Bank A or D

O 58a Beneficiary Bank A or D

O 72 Sender to Receiver Information 6*35x

O 77A Narrative 20*35x

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 FIN756 Advice of Reimbursement or Payment
 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.

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FIN756: Advice of Reimbursement or Payment
Status Tag Field Name Content/Options

M 20 Sender’s Reference 16x

M 21 Presenting Bank’s Reference 16x

M 32B Total Amount Claimed 3!a15d

M 33A Amount Reimbursed or Paid 6!n3!a15d

O 53a Sender’s Correspondent A or D

O 54a Receiver’s Correspondent A or D

O 72 Sender to Receiver Information 6*35x

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 Documentary Collection Message Types
FIN Name Purpose
400 Advice of Payment Advises of a of payment under a collection. Sent by
the CB to the RB
410 Acknowledgement Acknowledge receipt of a collection. Sent by the CB to
the RB
412 Advice of Acceptance Informs the remitting bank of the acceptance of one
or more drafts under one collection instruction. Sent
by the CB to the RB
416 Advice of Non-Payment Advises of the non-payment or non-acceptance under
a previously received collection. Sent by the CB to the
RB
420 Tracer Enquires about documents sent for collection. Sent by
the RB to the CB

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