13. Annexure D - SWIFT Message Fields

This chapter contains the following sections:

13.1 SWIFT Advices in BC Module

This section contains the list of the SWIFT advices supported in the BC module.

EVENT EVENT DESCRIPTION SWIFT MT Tag Advice Description
LIQD Advice of Payment MT400 COL­L_PAY_ADV This message type is sent by the collecting bank to the remitting bank. It may also be sent: on behalf of the collecting bank by its branch/affiliate bank to the remitting bank or branch/affiliate of that Bank by a collecting bank to another collecting bank It is used to advise a payment under a collection or a part thereof and may also be used for the settlement of proceeds. The account relationship between the Sender and the Receiver is used, unless expressly stated otherwise in the message. This message must never be sent to a bank acting solely as a reimbursement bank. In this case, the appropriate mes­sage type is an MT 202 Finan­cial Institution Transfer.
BOOK & INIT Acknowl­edgement MT410 ACKNOWL­EDGEMENT This message type is sent by a collecting bank to a remitting bank to acknowledge the receipt of a collection. It may also be sent by a col­lecting bank to another collect­ing bank. Unless otherwise expressly stated, this message type states that the collecting bank intends to act in accordance with the collection instruction.
BACP Advice of acceptance MT412 ACCEPT­ANCE_ADV This message type is sent by the collecting bank to the remitting bank. It may also be sent by a col­lecting bank to another collect­ing bank. It is used to inform the Receiver of the acceptance of one or more drafts under one collection instruction.
PRNA & PRNP Advice of Non-Pay­ment/Non-Acceptance MT 416 PRO­TEST_NON­ACPT   PRO­TEST_NON­PAY This message type is sent by the collecting bank to the remitting bank. It may also be sent: to the remitting bank via another financial institution. by a presenting bank to a col­lecting bank. It is used to advise of non-pay­ment or non-acceptance under a previously received collec­tion or part thereof.
TACP Tracer MT 420 ACCEPT­ANCE_TRCR PAY­MENT_TRCR DISCAPPRV­L_TRCR REL_OF_RES_TRCR PAYMNT­FATE_TRCR ACCPT_­FATE_TRCR This message type is sent by the remitting bank to the col­lecting bank. It may also be sent by a col­lecting bank to another collect­ing bank. It is used to enquire about the fate of documents sent for col­lection.
PFAT & AFAT Advice of Fate and Request for Instructions MT 422 PRINCIPAL_­FATE ACCEPT­ANCE_FATE This message type is sent by the collecting bank to the remitting bank. It may also be sent by a col­lecting bank to another collect­ing bank. It is used to advise the Receiver of the status of col­lection documents received by the collecting bank. Since an advice of fate generally includes one or more ques­tions or requests, the two func­tions are included in this one message type.
AMND Amendment of Instruc­tions MT430 AMND­MNT_OF_INS This message type is sent by the remitting bank to the col­lecting bank. It may also be sent by a col­lecting bank to another collect­ing bank. This message is used to amend instructions contained in the collection.
INIT Advice of Discharge MT 732 RESERVE_RELEASE 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.
INIT Advice of Refusal MT 734 PAY­MENT_RE­FUSAL ACCEPT_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.
BOOK Reimburse­ment Claim MT 742 REIM­BRSMNT_­CLM 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.
BOOK Advice of Discrepancy MT 750 DISCREPAN­CY_REQ 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. The MT 750 is a request for authorisation to honour pres­entation. 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.
INIT Advice of Payment/Acceptance/Negotiation MT 754 ADV_P­MT_ACPT 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.
INIT & LIQD Advice of Reimburse­ment or Pay­ment MT 756 REIM_PAY_ADV 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.

 

13.2 Details of SWIFT Messages for Bills and Collections

This chapter contains the following sections:

13.2.1 MT202 (General Financial Institution Transfer)

This section deals with the mapping between the fields in SWIFT messages and the corresponding fields in Oracle FLEXCUBE.

MSG TYPE: PAYMENT_MESSAGE

Generation: When PAYMENT MSG is linked, and at the prod lvl , either bank transfer is selected or customer transfer with cover regd flag checked.

Field in SWIFT Description Mandatory/Optional FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Transaction Ref­erence Number M Y Reference Number contract_ref_no for all module expect LC & BC. For LC & BC LCTMS_BRANCH_PARAMETERS & BCTMS_BRANCH_PARAMETERS
21 Related Refer­ence M Y Source Ref­erence no, user Refer­ence Num­ber, NON REF For uploaded con­tracts it is source_ref and this should not be equal to user_ref_­number. For normal con­tracts user_ref_­number. Again if user_ref = con­tract_Ref then "NONREF"
13C Time Indication O N    
32A Value Date, Cur­rency Code, Amount M Y Value Date / Account Cur­rency / Set­tlement Amount As entered in the front end as trans­fer amount
52a Ordering Institu­tion O Y Ordering Institution 1 to 5 Only if sender is different than that of the Ordering insitution. The vali­dation is done for A and B. If the value in Order­ing_instution1 is BIC code then A else B.
53a Sender's Corre­spondent O Y BIC Code , Address1 Is populated only when receiver <> sender's corres. It is normally the BIC code of the cus­tomer (selected based on the nos­tro account). This populates :53A:. If there is a mainte­nance in the Recon module for Class "NOST" under external account mainte­nance (exter­nal_account from RETMS_EXTAC­C_ACCGL_­DEFN), then 53B will be populated with acc number and swift address
54a Receiver's Cor­respondent O Y Receiver's Correspond­ent 1 to 5 Receiver's Corre­spondent field, this is normally null, unless filled through front end.
56a Intermediary O Y Intermediary 1 to 5 Intermediary field, this is normally null, unless filled through front end. Under "S" button third tab
57a Account With Institution O Y Account With Institu­tion 1 to 5 Is populated only when receiver <> AWI. It is normally the BIC code as entered through front end
58a Beneficiary Insti­tution M Y Beneficiary Institution 1 for cover to 5 As entered in the front end, if this only a bank trans­fer. If 202 is fired as a part of "cover" to a customer then this value would be the "reciver" of 100 or 103
72 Sender to Receiver Infor­mation O Y Sender to Receiver Information 1 to 6 In FT, Sender to receiver Info. from front end, for other module under "S" button and under message details tab. If this a part of cover then the val­ues starting with /OCMT,/PHON­BEN or /TELEIBK will form part of the this field.

13.2.2 MT752 (Authorization to Pay/Accept/Negotiate)

MT752 is used to advise a bank which has requested authorization 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.

The system maps the SWIFT tags in MT752 and the fields in BC contract as depicted below:

SWIFT Tag Mandatory (M) / Optional (O) Field / FFT Code Field / FFT Code name in Flexcube
20 M Field User Reference Number
21 M Field For Negotiating party in others tab  reference no.
23 M Defaulted by System  
30 M Field Resolution date / Discrepancy Date
32B O Field Bill Ccy, Bill Amt
33A O FFT Net Amount; the FFT are populated where fft_code = 33BADDLAMNT
71B O FFT the FFT are populated where fft_code = 71BCHARGES
53A O PARTY/Media SWIFT Negotiating Bank BIC
54A O PARTY/Media SWIFT Reimbursing Bank BIC
72 O FFT the FFT are populated where fft_code = SNDRRCVRINFO

13.2.3 MT400 (Advice of Payment)

MSG TYPE: COLL_PAY_ADV; Event LIQD for Collection Bill

Generated: On Initiation and Liquidation

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sending Bank's TRN M Y User Reference Contract Refer­ence Number Our Letter of Credit Reference User Reference Number, if the flag at the branch parame­ter = "Y" ( bctms_branch_pa­rameters.use_user­ref_in_msgs) else Contract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_con­tract_master.USE_L­CREF_IN_MSG) is checked then our_l­c_Ref is used
21 Related Reference M Y Their Letter of Credit Reference Reference (Par­ties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from "par­ties" tab
32a Amount Collected M Y Maturity Date (for 32A) or Tenor Days (for 32 K) Bill Currency Bill Amount Liquidation Bill Amount 32B if maturity date is not given or else 32A with maturity date. Bill amt when event = INIT, and amt liqui­dAted if event = LIQD
33A Proceeds Remitted M Y Value Date Bill Currency Bill Amount Settlement Amount Value Date, Billccy and bill amt liqd – chg deducted +chg collected. The charge amount is taken from istb_­contractis and the bill amt is taken form base table. For LIQD event, bill_amt_liq is used and for INIT bill_amt is used
52a Ordering Bank O Y Ordering Institu­tion 1 to 5 Ordering Institution
53a Sender's Correspondent O Y Derived nostro accounts bic code
54a Receiver's Correspond­ent O Y INT_RE­IM_INST1 to INT_RE­IM_INST5 or intermediary1 to intermediary5 This is same as the intermediary in MT202
57a Account With Bank O Y Account With Institution 1 to 5  
58a Beneficiary Bank O Y Beneficiary Insti­tution 1 and Free Format Text the FFT are popu­lated where fft_code = 58BENFICBANK
71B Details of Charges O Y Free Format Text the FFT are popu­lated where fft_code in 71CHARGE­DESC, 71CHG­TOBEDED
72 Sender to Receiver Infor­mation O Y B.our_charg­es_refused, B.their_charg­es_refused Based on the flag 'ALCHA­REF',OUCHA­REF,UCHAREF will be added
73 Details of Amounts Added O Y Free Format Text the FFT are popu­lated where fft_code in 73CHARGE­DESC, 73CHGTO­BEADD

13.2.4 MT410 (Acknowledgement)

MSG TYPE: ACKNOWLEDGEMENT; Event: BOOK, INIT for Import Bill – Sight & Usance

Generated: On Receipt of Import Bill

Field Description M/O FCC Y/N Field Name in Oracle FLEXCUBE Remarks
20 Sending Bank’s TRN M Y User Reference Contract Refer­ence Number Our Letter of Credit Reference User Reference Num­ber, if the flag at the branch parameter = "Y" ( bctms_branch_parame­ters.use_user­ref_in_msgs) else Contract_Ref_no   OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_­contract_master.USE_L­CREF_IN_MSG) is checked then our_l­c_Ref is used
21 Related Refer­ence M Y Their Letter of Credit Reference Reference (Par­ties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from "parties" tab
32a Amount Collected M Y Maturity Date (for 32A) or Tenor Days (for 32 K) Bill Currency Bill Amount 32B if maturity date is not given or else 32K with tenor days
72 Sender to Receiver Informa­tion O Y Free Format Text where fft_code = SNDRRCVRINFO the FFT are populated where fft_code = SNDRRCVRINFO

13.2.5 MT412 (Advice of Acceptance)

MSG TYPE: ACCEPTANCE_ADV; Event BACP for Import Collection Bill – Usance

Generated: Upon Acceptance of Collection bill by drawee

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sending Bank’s TRN M Y User Reference Contract Refer­ence Number Our Letter of Credit Reference User Reference Number, if the flag at the branch parameter = "Y" ( bctms_branch_parame­ters.use_user­ref_in_msgs) else Con­tract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_con­tract_mas­ter.USE_LCREF_IN_MSG) is checked then our_lc_Ref is used
21 Related Reference M Y Their Letter of Credit Reference Reference (Parties tab) if use_l­cref_in_msg = 'Y' then their_lc_ref else Party Refer­ence of Receiver.Their LC ref from con­tract main screen and party ref from "parties" tab
32a Amount Collected M Y Maturity Date (for 32A) or Tenor Days (for 32 K) Bill Currency Bill Amount 32A, based on what is entered at the time of con­tract input
72 Sender to Receiver Information O Y Free Format Text where fft_code = SNDRRCVRINFO the FFT are pop­ulated where fft_code = SNDRRCVRINFO

13.2.6 MT416 (Advice of Non-Payment/Non-Acceptance)

MSG TYPE: NONPAY_NONACCP; Event PRNA & PRNP for Import Collection Bill – Sight & Usance

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sender’s Refer­ence M Y User Reference Contract Reference Number Our Letter of Credit Reference User Reference Number, if the flag at the branch parameter = "Y" ( bctms_branch_pa­rameters.use_user­ref_in_msgs) else Contract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_con­tract_mas­ter.USE_LCREF_IN_MSG) is checked then our_lc_Ref is used
21 Related Refer­ence M Y Their Letter of Credit Reference Reference (Parties tab) if use_l­cref_in_msg = 'Y' then their_lc_ref else Party Refer­ence of Receiver.Their LC ref from contract main screen and party ref from "par­ties" tab or NONE
23E Advice Type O Y Non Pay Message Date Non Acceptance Message Date if payment date not null then NPAY, if acceptance date is not null then NACC otherwise OTHR
51A Sending Institu­tion O N    
53a Sender’s Corre­spondent O N    
71F Sender’s Charges O N    
77A Reason for Non-Payment/Non-Acceptance O Y Free Format Text where fft_code = REFPAYACC the FFT are popu­lated where fft_code = REF­PAYACC
Sequence B Non-Payment/Non-Acceptance Details-rep 
21A Related Sequence Refer­ence M Y Their Letter of Credit Reference Reference (Parties tab)  
23E Advice Type O Y Non Pay Message Date Non Acceptance Message Date  
21C Principal’s Refer­ence O N    
32a Face Amount of Document(s) M Y Maturity Date (for 32A) or Tenor Days (for 32 K) Bill Currency Bill Amount 32B if maturity date is not given or else 32K with tenor days
50D Principal O N    
59 Drawee O N    
71F Sender’s Charges O N    
77A Reason for Non-Payment/Non-Acceptance O Y Free Format Text where fft_code = REFPAYACC the FFT are popu­lated where fft_code = REF­PAYACC

13.2.7 MT420 ( Acceptance Tracer)

MSG TYPE: ACCEPTANCE_TRCR; Event TACP for Import Collection Bill – Usance

Generated: From Intermediary bank to another collecting bank, when acceptance is not received from the collecting bank

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sending Bank’s TRN M Y User Reference Contract Reference Number Our Letter of Credit Reference User Reference Number, if the flag at the branch parameter = "Y" ( bctms_branch_pa­rame­ters.use_userref_in_msgs) else Con­tract_Ref_no   OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_con­tract_mas­ter.USE_LCREF_IN_MSG) is checked then our_lc_Ref is used
21 Related Refer­ence M Y Their Letter of Credit Reference Reference (Parties tab) if use_lcref_in_msg = 'Y' then their_l­c_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from "par­ties" tab
32a Amount Col­lected M Y Bill Currency Bill Amount Maturity Date 32A, based on what is entered at the time of con­tract input
30 Date of Collec­tion Instruction O Y Covering Letter Date As entered under ship/docs tab under Covering let­ter date
59 Drawee O Y Party Name Address1 to 4 for party_­type='DRAWEE'
72 Sender to Receiver Infor­mation O Y Free Format Text where fft_code = SNDRRCVRINFO the FFT are popu­lated where fft_code = SNDRRCVRINFO

13.2.8 MT420 (Payment Tracer)

MSG TYPE: PAYMENT_TRCR; Event TPAY for Import Collection Bill – Sight & Usance

Generated: From Intermediary bank to another collecting bank, when payment is not received from the collecting bank

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sending Bank’s TRN M Y User Reference Contract Reference Number Our Letter of Credit Reference User Reference Number, if the flag at the branch parameter = "Y" ( bctms_branch_pa­rame­ters.use_userref_in_msgs) else Con­tract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_con­tract_mas­ter.USE_LCREF_IN_MSG) is checked then our_lc_Ref is used
21 Related Refer­ence M Y Their Letter of Credit Reference Reference (Parties tab) if use_l­cref_in_msg = 'Y' then their_lc_ref else Party Refer­ence of Receiver.Their LC ref from contract main screen and party ref from "par­ties" tab
32a Amount Col­lected M Y Maturity Date (for 32A) or Tenor Days (for 32 K) Bill Currency Bill Amount . 32B if maturity date is not given or else 32A with maturity date.
30 Date of Collec­tion Instruction O Y Covering Letter Date As entered under ship/docs tab under Covering let­ter date
59 Drawee O Y Party Name Address1 to 4 for party_­type='DRAWEE'
72 Sender to Receiver Infor­mation O Y Free Format Text where fft_code = SNDRRCVRINFO the FFT are popu­lated where fft_code = SNDRRCVRINFO

13.2.9 MT420 (Rel of Res Tracer)

MSG TYPE: REL_OF_RES_TRCR; Event TRES for Export Bill under LC

Generated: When Discrepancy is advised and request for approval is sought for an export bill.

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sending Bank’s TRN M Y User Reference Contract Reference Number Our Letter of Credit Ref­erence User Reference Num­ber, if the flag at the branch parameter = "Y" ( bctms_branch_pa­rameters.use_user­ref_in_msgs) else Contract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_contract_mas­ter.USE_L­CREF_IN_MSG) is checked then our_l­c_Ref is used
21 Related Reference M Y Their Letter of Credit Reference Reference (Parties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from "parties" tab
32a Amount Collected M Y Maturity Date (for 32A) or Tenor Days (for 32 K) Bill Currency Bill Amount 32B if maturity date is not given or else 32A with maturity date else 32K with tenor days
30 Date of Collection Instruction O Y Covering Letter Date As entered under ship/docs tab under Cover­ing letter date
59 Drawee O Y Party Name Address1 to 4 for party_­type='DRAWEE'
72 Sender to Receiver Informa­tion O Y Free Format Text where fft_code = SNDRRCVRINFO the FFT are popu­lated where fft_code = SNDRRCVRINFO

13.2.10 MT420 (Payment Fate Tracer)

MSG TYPE: PAYMNTFATE_TPFT; Event TRES for Export Collection Bill – Sight & Usance

Generated: When Payment is not received by the remitting bank from collecting bank.

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sending Bank’s TRN M Y User Reference Contract Reference Number Our Letter of Credit Reference User Reference Number, if the flag at the branch parameter = "Y" ( bctms_branch_pa­rame­ters.use_userref_in_msgs) else Con­tract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_con­tract_mas­ter.USE_LCREF_IN_MSG) is checked then our_lc_Ref is used
21 Related Refer­ence M Y Their Letter of Credit Reference Reference (Parties tab) if use_l­cref_in_msg = 'Y' then their_lc_ref else Party Refer­ence of Receiver.Their LC ref from contract main screen and party ref from "par­ties" tab
32a Amount Col­lected M Y Maturity Date (for 32A) or Tenor Days (for 32 K) Bill Currency Bill Amount 32B if maturity date is not given or else 32A with maturity date else 32K with tenor days
30 Date of Collec­tion Instruction O Y Covering Letter Date As entered under ship/docs tab under Covering letter date
59 Drawee O Y Party Name Address1 to 4 for party_­type='DRAWEE'
72 Sender to Receiver Infor­mation O Y Free Format Text where fft_code = SNDRRCVRINFO the FFT are popu­lated where fft_code = SNDRRCVRINFO

13.2.11 MT420 (Acceptance Fate Tracer)

MSG TYPE: ACCPT_FATE_TRCR; Event TAFT for Export Collection Bill – Sight

Generated: When Acceptance is not received by remitting bank from collecting bank.

Field Description M/O FCC Y/N Field Name in Oracle FLEXCUBE Remarks
20 Sending Bank’s TRN M Y User Reference Contract Reference Number Our Letter of Credit Reference User Reference Number, if the flag at the branch parameter = "Y" ( bctms_branch_pa­rameters.use_user­ref_in_msgs) else Contract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_con­tract_mas­ter.USE_LCREF_IN_MSG) is checked then our_l­c_Ref is used
21 Related Refer­ence M Y Their Letter of Credit Reference Reference (Parties tab) if use_l­cref_in_msg = 'Y' then their_lc_ref else Party Refer­ence of Receiver.Their LC ref from contract main screen and party ref from "par­ties" tab
32a Amount Col­lected M Y Maturity Date (for 32A) or Tenor Days (for 32 K) Bill Currency Bill Amount . 32B if maturity date is not given or else 32A with matu­rity date else 32K with tenor days
30 Date of Collec­tion Instruction O Y Covering Letter Date As entered under ship/docs tab under Covering letter date
59 Drawee O Y Party Name Address1 to 4 for party_­type='DRAWEE'
72 Sender to Receiver Infor­mation O Y Free Format Text where fft_code = SNDRRCVRINFO the FFT are popu­lated where fft_code = SNDRRCVRINFO

 

13.2.12 MT420 (Discrepancy Approval Tracer)

MSG TYPE: DISCAPPRVL_TRCR; Event TDIS for Import Bill under LC

Generated: When acting as an intermediary and when discrepancy is advised, a request for approval is sought.

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sending Bank’s TRN M Y User Reference Contract Reference Number Our Letter of Credit Reference User Reference Number, if the flag at the branch parameter = "Y" ( bctms_branch_pa­rameters.use_user­ref_in_msgs) else Contract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_con­tract_mas­ter.USE_LCREF_IN_MSG) is checked then our_lc_Ref is used
21 Related Refer­ence M Y Their Letter of Credit Reference Reference (Parties tab) if use_l­cref_in_msg = 'Y' then their_lc_ref else Party Refer­ence of Receiver.Their LC ref from contract main screen and party ref from "par­ties" tab
32a Amount Col­lected M Y Maturity Date (for 32A) or Tenor Days (for 32 K) Bill Currency Bill Amount . 32B if maturity date is not given or else 32A with matu­rity date else 32K with tenor days
30 Date of Collec­tion Instruction O Y Covering Letter Date As entered under ship/docs tab under Covering letter date
59 Drawee O Y Party Name Address1 to 4 for party_­type='DRAWEE'
72 Sender to Receiver Infor­mation O Y Free Format Text where fft_code = SNDRRCVRINFO the FFT are popu­lated where fft_code = SNDRRCVRINFO

13.2.13 MT422 (Principal Fate - Advice of Fate and Request for Instructions)

MSG TYPE: PRINCIPAL_FATE event PFAT for Import Collection Bill – Sight

Generated: When payment is not received by the remitting bank from collecting bank.

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sending Bank’s TRN M Y Contract Refer­ence Number Our Letter of Credit Refer­ence User Refer­ence User Reference Number, if the flag at the branch param­eter = "Y" ( bctms_branch_parame­ters.use_userref_in_msgs) else Contract_Ref_no OR our LC ref, If at the contract level the "use lc ref no.in msg" (bctms_con­tract_master.USE_L­CREF_IN_MSG) is checked then our_lc_Ref is used
21 Related Ref­erence M Y Their Letter of Credit Refer­ence Reference (Parties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from "parties" tab
32a Amount Col­lected M Y Maturity Date (for 32A) or Tenor Days (for 32 K) Bill Currency Bill Amount 32B if maturity date is not given or else 32K with tenor days
72 Sender to Receiver Information O Y Free Format Text the FFT are populated where fft_code = SNDRRCVRINFO
75 Queries O Y Free Format Text the FFT are populated where fft_code = ADVFATEPQRY
76 Answer O Y Free Format Text the FFT are populated where fft_code = ADVFATEPANS

13.2.14 MT422 (Acceptance Fate)

MSG TYPE: ACCEPTANCE_FATE event AFAT for Import Collection Bill – Sight and Usance

Generated: When advising the fate of acceptance of an import bill to the remitting bank.

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sending Bank’s TRN M Y Contract Ref­erence Num­ber Our Letter of Credit Refer­ence User Refer­ence User Reference Number, if the flag at the branch param­eter = "Y" (bctms_branch_parame­ters.use_userref_in_msgs) else Contract_Ref_no OR our lc ref, If at the con­tract level the "use lc ref no.in msg " (bctms_con­tract_master.USE_L­CREF_IN_MSG) is checked then our_lc_Ref is used
21 Related Reference M Y Their Letter of Credit Refer­ence Reference (Parties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from "parties" tab
32a Amount Collected M Y Maturity Date (for 32A) or Tenor Days (for 32 K) Bill Currency Bill Amount 32B if maturity date is not given or else 32K with tenor days
72 Sender to Receiver Information O Y Free Format Text the FFT are populated where fft_code = SNDRRCVRINFO
75 Queries O Y Free Format Text the FFT are populated where fft_code = ADVFATEPQRY
76 Answer O Y Free Format Text the FFT are populated where fft_code = ADVFATEAANS

13.2.15 MT430 (Amendment of Instructions)

MSG TYPE: AMNDMNT_OF_INS event AMND for Export Collection Bill – Sight & Usance

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sending Bank’s TRN M Y Contract Reference Number Our Letter of Credit Refer­ence User Refer­ence User Reference Number, if the flag at the branch parameter = "Y" (bctms_branch_parame­ters.use_userref_in_msgs) else Contract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_contract_master.USE_L­CREF_IN_MSG) is checked then our_lc_Ref is used
21 Related Ref­erence M Y Their Letter of Credit Reference Reference (Parties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from con­tract main screen and party ref from "parties" tab or NONE
32a Existing Maturity Date, Cur­rency Code, Amount O Y Bill Currency Bill Amount Maturity Date (for 32A) or Tenor Days (for 32 K) if maturity date exists then 32A with maturity date else 32K with tenor days. Info gath­ered for previous ESN no that is for contract amount before amendment
33a Amended Maturity Date, Cur­rency Code, Amount O Y Bill Currency Bill Amount Maturity Date (for 32A) or Tenor Days (for 32 K) if maturity date exists then 33A wiith maturity date else 33K with tenor days.
59 Drawee O Y Party Name Address1 to 4 for party_type='DRAWEE' for contract before amendment that is for previous ESN no
72 Sender to Receiver Information O Y Free Format Text the FFT are populated where fft_code = SNDRRCVRINFO
74 Amendments O Y INS - ins_code = 'INSTRUC­TIONS' Party Name Address1 to 4 the INS are populated where ins_code = 'INSTRUCTIONS' also if there is a change in the Drawee the new drawee informa­tion will also be provided

13.2.16 MT732 (Reserve Release)

MSG TYPE: RESERVE_RELEASE event INIT for Import Bills Under LC – Sight & Usance

Generated: When Discrepancies are accepted by the drawee, the negotiating bank is informed.

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sender’s TRN M Y Contract Refer­ence Number Our Letter of Credit Refer­ence User Refer­ence User Reference Number, if the flag at the branch parame­ter = "Y" ( bctms_branch_pa­rameters.use_user­ref_in_msgs) else Contract_Ref_no   OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_con­tract_master.USE_L­CREF_IN_MSG) is checked then our_l­c_Ref is used
21 Presenting Bank’s Refer­ence M Y Their Letter of Credit Refer­ence Reference (Parties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Refer­ence of Receiver.Their LC ref from contract main screen and party ref from "parties" tab or NONE
30 Date of Advice of Payment/Acceptance/Negotiation M Y Covering Letter Date As entered under ship/docs tab under Covering letter date
32B Amount of Utili­sation M   Bill Currency Bill Amount  
72 Sender to Receiver Infor­mation O Y Free Format Text the FFT are popu­lated where fft_code = SNDRRCVRINFO

13.2.17 MT734 (Payment Refusal)

MSG TYPE: PAYMENT_REFUSAL event INIT for Import Bills Under LC – Sight

Generated: When Bills are received with discrepancies, the negotiating bank is refused payment.

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sender’s TRN M Y Contract Reference Number Our Letter of Credit Reference User Reference User Reference Number, if the flag at the branch parameter = "Y" (bctms_branch_parame­ters.use_user­ref_in_msgs) else Contract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_­contract_master.USE_L­CREF_IN_MSG) is checked then our_lc_Ref is used
21 Present­ing Bank’s Refer­ence M Y Their Letter of Credit Reference Reference (Parties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from "parties" tab or NONE
32A Date and Amount of Utili­sation M Y Bill Currency Bill Amount Covering Letter Date As entered in the front end through contract input screen
73 Charges Claimed O Y Free Format Text the FFT are populated where fft_code = 73CHGCLAIMED
33a Total Amount Claimed O Y Free Format Text the FFT are populated where fft_code = 33TO­TAMTCLMD
57a Account With Bank O Y Free Format Text the FFT are populated where fft_code = 57ACWITHBANK
72 Sender to Receiver Infor­mation O Y Free Format Text the FFT are populated where fft_code = SNDRRCVRINFO
77J Discrep­ancies M Y Discrepancy Description  
77B Dis­posal of Docu­ments M Y Free Format Text the FFT are populated where fft_code = 77APA­YREFUSL

 

13.2.18 MT734 (Accept Refusal)

MSG TYPE: ACCEPT_REFUSAL event INIT for Import Bills Under LC – Usance

Generated: When Bills are received with discrepancies, the negotiating bank is refused payment.

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sender’s TRN M Y Contract Refer­ence Number Our Letter of Credit Refer­ence User Reference User Reference Number, if the flag at the branch parameter = "Y" ( bctms_branch_parame­ters.use_user­ref_in_msgs) else Contract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_­contract_master.USE_L­CREF_IN_MSG) is checked then our_lc_Ref is used
21 Present­ing Bank’s Refer­ence M Y Their Letter of Credit Refer­ence Reference (Par­ties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from "par­ties" tab or NONE
32A Date and Amount of Utilisa­tion M Y Bill Currency Bill Amount Covering Letter Date As entered in the front end through contract input screen
73 Charges Claimed O Y Free Format Text the FFT are populated where fft_code = 73CHG­CLAIMED
33a Total Amount Claimed O Y Free Format Text the FFT are populated where fft_code = 33TO­TAMTCLMD
57a Account With Bank O Y Free Format Text the FFT are populated where fft_code = 57ACWITHBANK
72 Sender to Receiver Informa­tion O Y Free Format Text the FFT are populated where fft_code = SNDRRCVRINFO
77J Discrep­ancies M Y Free Format Text the FFT are populated where fft_code = 77AACPREFUSL
77B Disposal of Docu­ments M Y INS - ins_code = 'INSTRUC­TIONS' the INS are populated where ins_code = 'INSTRUCTIONS'

13.2.19 MT742 ( Reimbursement Claim)

MSG TYPE: DISCREPANCY_REQ event BOOK for Export Bills under LC – Sight & Usance

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Claiming Bank’s Reference M Y Contract Refer­ence Number Our Letter of Credit Reference User Reference User Reference Number, if the flag at the branch parameter = "Y" ( bctms_branch_parame­ters.use_user­ref_in_msgs) else Con­tract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_­contract_master.USE_L­CREF_IN_MSG) is checked then our_lc_Ref is used
21 Documen­tary Credit Number M Y Their Letter of Credit Reference Reference (Par­ties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from "parties" tab or NONE
31C Date of Issue O Y Issue Date  
52a Issuing Bank M   Party Name Address1 to 4 as entereed in parties tab under issueing bank party_type='ISSUING BANK'
32B Principal Amount Claimed M Y Value Date Bill Currency Bill Amount  
33B Additional Amount Claimed as Allowed for in Excess of Principal Amount O   Free Format Text the FFT are populated where fft_code = 33ADDAMTCLMD
71B Charges O   Free Format Text the FFT are populated where fft_code = 71BCHARGES
34a Total Amount Claimed M   Value Date, Bill Currency Liquidation Bill Amount + Charges Value Date, Billccy and bill amt liqd – chg deducted +chg collected.
57a Account With Bank O   Free Format Text - fft_code = 57ACWITHBANK the FFT are populated where fft_code = 57ACWITHBANK
58a Benefi­ciary Bank O   Free Format Text - fft_code = 58BEN­FICBANK the FFT are populated where fft_code = 58BENFICBANK
72 Sender to Receiver Informa­tion O   Free Format Text fft_code = SNDRRCVRINFO the FFT are populated where fft_code = SNDRRCVRINFO

13.2.20 MT750 (Advice of Discrepancy )

MSG TYPE: DISCREPANCY_REQ event BOOK for Export Bills under LC – Sight & Usance

Generated: When Export Bills are negotiated, and if the same contains discrepancies, request for approval is sent to the LC opening bank.

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Pre­senting Bank’s Refer­ence M Y Contract Ref­erence Num­ber Our Letter of Credit Refer­ence User Refer­ence User Reference Number, if the flag at the branch parameter = "Y" ( bctms_branch_parame­ters.use_userref_in_msgs) else Contract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_con­tract_master.USE_L­CREF_IN_MSG) is checked then our_lc_Ref is used
21 Related Refer­ence M Y Their Letter of Credit Refer­ence Reference (Parties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from "parties" tab or NONE
32B Princi­pal Amount M Y Value Date Bill Currency Bill Amount As entered in the front end through contract input screen
33B Addi­tional Amount O Y Free Format Text the FFT are populated where fft_code = 33BAD­DLAMNT
71B Charges to be Deducted O Y Free Format Text the FFT are populated where fft_code = 71CHG­TOBEDED
73 Charges to be Added O Y Free Format Text the FFT are populated where fft_code = 73CHG­TOBEADD
34B Total Amount to be Paid O Y Free Format Text the FFT are populated where fft_code = 34BTO­TAMTPD
57a Account With Bank O Y Free Format Text the FFT are populated where fft_code = 57ACWITHBANK
72 Sender to Receiver Infor­mation O Y Free Format Text the FFT are populated where fft_code = SNDRRCVRINFO
77A Dis­crepan­cies M   Discrepancy Description  

13.2.21 MT754 (Advice Payment Accepted)

MSG TYPE: ADV_PMT_ACPTEvent INIT Export Bills under LC – Sight & Usance

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sender’s Refer­ence M Y Contract Refer­ence Number Our Letter of Credit Reference User Reference User Reference Number, if the flag at the branch parameter = "Y" ( bctms_branch_parame­ters.use_user­ref_in_msgs) else Con­tract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_­contract_master.USE_L­CREF_IN_MSG) is checked then our_lc_Ref is used
21 Related Refer­ence M Y Their Letter of Credit Reference Reference (Par­ties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from "parties" tab or NONE
32a Principal Amount Paid/Accepted/Negoti­ated M Y Value Date Bill Currency Bill Amount As entered in front end, in contract online screen
33B Addi­tional Amounts O   Free Format Text the FFT are populated where fft_code = 33ADD­AMTCLMD
71B Charges Deducted O   Free Format Text the FFT are populated where fft_code =71BCHARGES
73 Charges Added O   Free Format Text the FFT are populated where fft_code = 73CHG­CLAIMED
34a Total Amount Claimed O   Value Date Bill Currency Bill Amount Set­tlement Amount Value Date, Billccy and bill amt liqd – chg deducted +chg collected.
53a Reim­bursing Bank O   Address1 to 4 PARTY_TYPE = 'REIM­BURSING BANK'
57a Account With Bank O   Free Format Text the FFT are populated where fft_code = 57ACWITHBANK
58a Benefi­ciary Bank O   Free Format Text the FFT are populated where fft_code = 58BEN­FICBANK
72 Sender to Receiver Informa­tion O   Free Format Text the FFT are populated where fft_code = SNDRRCVRINFO
77A Narrative O   Free Format Text the FFT are populated where fft_code = 77NAR­RATIVE

13.2.22 MT756 (Reimbursement Payment Advice)

MSG TYPE:'REIM_PAY_ADV Event INIT & LIQD Export Bills under LC – Sight & Usance

Field Description M/O FCC Y/N Field in Oracle FLEXCUBE Remarks
20 Sender’s Ref­erence M Y Contract Refer­ence Number Our Letter of Credit Reference User Reference User Reference Number, if the flag at the branch parameter = "Y" ( bctms_branch_parame­ters.use_user­ref_in_msgs) else Contract_Ref_no OR our lc ref, If at the contract level the "use lc ref no.in msg " (bctms_­contract_master.USE_L­CREF_IN_MSG) is checked then our_lc_Ref is used
21 Related Refer­ence M Y Their Letter of Credit Reference Reference (Par­ties tab) if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from "parties" tab or NONE
32a Total Amount Claimed M Y LC Amount LC Currency Bill Currency Bill Amount if use_lcref_in_msg = 'Y' , lc_ccy, lc_amt and mat. Date else, bill_ccy, bill_amt
33A Amount Reim­bursed or Paid O Y Liquidation Date Value Date Bill Currency Liquidation Amount if liqd date is null then value date
53a Sender’s Cor­respondent O N BIC in General Details in Branch Parameters  
54a Receiver’s Correspond­ent O N  Receiver’s Cor­respondent 1 -5  
72 Sender to Receiver Information O Y Free Format Text the FFT are populated where fft_code = SNDRRCVRINFO