MT 754 Advice of Payment/Acceptance/Negotiation

2023-04-13 19:11| 来源: 网络整理| 查看: 265

Swift is a provider of secure message platform for financial institutions mainly for banks.

Swift messages are being sent and received by banks in encrypted forms. As a result swift messages are accepted as a valid and reliable way of communication between banks.

For example, an issuing bank sends a swift message to an advising bank in order to inform issuance of a documentary credit. Similarly the advising bank sends its acknowledgement via a swift message.

Swift messages play a key role not only in letters of credit but also other payment methods in international trade such as cash in advance payment, documentary collections, open accounts and bank payment obligations.

What is MT 754 Advice of Payment/Acceptance/Negotiation?

MT 754 is a special swift message type that 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.

MT 754 Advice of Payment/Acceptance/NegotiationStatusTagField NameM20Sender's ReferenceM21Related ReferenceM32aPrincipal Amount Paid/Accepted/NegotiatedO33BAdditional AmountsO71BCharges DeductedO73Charges AddedO34aTotal Amount ClaimedO53aReimbursing BankO57aAccount With BankO58aBeneficiary BankO72Sender to Receiver InformationO77ANarrativeO : Optinal M : Mandatory

MT 754 Network Validated Rules

C1 Either field 72 or 77A may be present, but not both. C2 Either field 53a or 57a may be present, but not both. C3 The currency code in the amount fields 32a and 34a must be the same.

Sample: MT 754 Advice of Payment/Acceptance/Negotiation SWIFT Message

SWIFT Message Sender : AMCONL2A Message Type : 754 Receiver : OELBATSW Message Text

20 : Sender’s Reference LC543217890

21 : Related Reference IMLC 123/25544

32A : Principal Amount Paid 130817EUR45000

73 : Charges Added COMMISSION EUR250

34A : Total Amount Claimed 130817EUR45250

53A : Reimbursing Bank DELBATSW End of Message Text/Trailer

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