13. Annexure D - SWIFT Message Fields

This chapter contains the following sections:

• Section 13.1, "SWIFT Advices in BC Module"
• Section 13.2, "Details of SWIFT Messages for Bills and Collections"

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:

• Section 13.2.1, "MT202 (General Financial Institution Transfer)"
• Section 13.2.2, "MT752 (Authorization to Pay/Accept/Negotiate)"
• Section 13.2.3, "MT400 (Advice of Payment)"
• Section 13.2.4, "MT410 (Acknowledgement)"
• Section 13.2.5, "MT412 (Advice of Acceptance)"
• Section 13.2.6, "MT416 (Advice of Non-Payment/Non-Acceptance)"
• Section 13.2.7, "MT420 ( Acceptance Tracer)"
• Section 13.2.8, "MT420 (Payment Tracer)"
• Section 13.2.9, "MT420 (Rel of Res Tracer)"
• Section 13.2.10, "MT420 (Payment Fate Tracer)"
• Section 13.2.11, "MT420 (Acceptance Fate Tracer)"
• Section 13.2.12, "MT420 (Discrepancy Approval Tracer)"
• Section 13.2.13, "MT422 (Principal Fate - Advice of Fate and Request for Instructions)"
• Section 13.2.14, "MT422 (Acceptance Fate)"
• Section 13.2.15, "MT430 (Amendment of Instructions)"
• Section 13.2.16, "MT732 (Reserve Release)"
• Section 13.2.17, "MT734 (Payment Refusal)"
• Section 13.2.18, "MT734 (Accept Refusal) "
• Section 13.2.19, "MT742 ( Reimbursement Claim)"
• Section 13.2.20, "MT750 (Advice of Discrepancy )"
• Section 13.2.21, "MT754 (Advice Payment Accepted)"
• Section 13.2.22, "MT756 (Reimbursement Payment Advice)"

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 = SND2RECMT752

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 = SND2RECMT410	the FFT are populated where fft_code = SND2RECMT410

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 = SND2RECMT412	the FFT are pop­ulated where fft_code = SND2REC­MT412

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 = SND2RECMT420	the FFT are popu­lated where fft_code = SND2RECMT420

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 = SND2RECMT420	the FFT are popu­lated where fft_code = SND2RECMT420

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 = SND2RECMT420	the FFT are popu­lated where fft_code = SND2RECMT420

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 = SND2RECMT420	the FFT are popu­lated where fft_code = SND2RECMT420

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 = SND2RECMT420	the FFT are popu­lated where fft_code = SND2RECMT420

 

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 = SND2RECMT420	the FFT are popu­lated where fft_code = SND2RECMT420

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 = SND2RECMT422
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 = SND2RECMT422
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 = SND2RECMT430
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 = SND2RECMT732

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 = SND2RECMT734
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 = SND2RECMT734
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 = SND2RECMT742	the FFT are populated where fft_code = SND2RECMT742

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 = SND2RECMT750
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 = SND2RECMT754
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 = SND2RECMT756