18. Annexure C - SWIFT Category 7 Messages

This chapter contains the following details:

• Section 18.1, "List of SWIFT Messages"
• Section 18.2, "SWIFT Advices "
• Section 18.3, "Details of MT202 (General Financial Institution Transfer)"

18.1 List of SWIFT Messages

The following messages are supported in the LC module.

Message	Event	Message Type in FLEXCUBE	Message Description	Generated On	Message Information
MT 700	BISS, REIN, REIS, AMND, ROPN	LC_IN­STRU­MENT	L/C Instru­ment	On open­ing Import LC	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 by the issuing bank to the advising bank.
MT 701	BISS, REIN, REIS, AMND, ROPN	LC_IN­STRU­MENT	L/C Instru­ment - Con­tinuation	On open­ing Import LC	Continuation of an MT 700 for fields 45a, 46a and 47a This message is sent by the issuing bank to the advising bank.
MT 705	BISS, REIS	LC_PRE_ADVICE	L/C Pre-Advice	On open­ing Import LC	It is a brief advice of a doc­umentary credit, the full details of which will follow. The pre-advice is not an operative credit instrument. Unless otherwise stated, the issuing bank must for­ward the operative credit instrument, that is, MT 700 Issue of a Documentary credit, without delay. This message is sent by the issuing bank to the advising bank.
MT 707	AMND, REIN, AMND	LC_AMN­D_INSTR	LC Amend­ment Instru­ment	Import LC Amend­ment	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, unless the MT 707 is used to con­vey only brief details of the amendment, details of which are to follow. 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.
MT 710	BADV, BANC	ADV_THIRD_BANK	Advice of a Third Bank's Documen­tary Credit	Export LC Advise	It is used to advise the Receiver of the terms and conditions of a documen­tary credit issued by a third bank.
MT 711	BADV, BANC	ADV_THIRD_BANK	Advice of a Third Bank's Documen­tary Credit - Continuation	Export LC Advise	Continuation of an MT 710 for fields 45a, 46a and 47a
MT 720	TRNF	TRANS­FER_LC	Transfer of a Documen­tary Credit	Export LC Advise	It is used to advise the transfer of a documentary credit, or part thereof, to the bank advising the sec­ond beneficiary.
MT 721	TRNF	TRANS­FER_LC	Transfer of a Documen­tary Credit - Continuation	Export LC Advise	Continuation of an MT 720 for fields 45a, 46a and 47a
MT 730	BPRE, BADV, BANC, BCFM, AMND, APAD,APAC & AATC	LC_ACK_ADVICE	Acknowl­edgement	Export LC Advise	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
MT 732	INIT	RESERVE_RE­LEASE	Advice of Discharge	When Dis­crepan­cies are accepted by the drawee, the negoti­ating bank is informed.	It is used to advise that documents received with discrepancies have been taken up.
MT 734	REFP	PAY­MENT_REFUSAL / ACCEPT_REFUSAL	Advice of Refusal	When Bills are received with dis­crepan­cies, the negotiat­ing bank is refused payment/accept­ance	It is used to advise the refusal of documents that are not in accordance with the terms and conditions of a documentary credit.
MT 740	BISS	LC_AU­TH_RE­IMB	Authoriza­tion to Reim­burse, Amendment to Authoriza­tion to Reim­burse	Import LC Opening	It is used to request the Receiver to honour claims for reimbursement of pay­ment(s) or negotiation(s) under a documentary credit. The MT 740 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 MT 740. This message is sent by the issuing bank to the reimbursing bank.
MT 742	INIT	REIM­BRSMNT_CLM	Reimburse­ment Claim	When Export Bills are negoti­ated, a claim is sent to the Reimburs­ing bank.	It is used to provide a reim­bursement claim to the bank authorized to reim­burse the Sender or its branch for its payments/negotiations.
MT 747	BISS	LC_AM­D_AU­TH_REB	Amendment to an Authorisa­tion to Reim­burse	Import LC Amend­ment	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. This message is sent by the bank which has issued an authorisation to reim­burse (issuing bank) to the reimbursing bank.
MT 750	BOOK	DISCREP­ANCY_REQ	Advice of Discrepancy	When Export Bills are negoti­ated, and if the same contains discrepan­cies, request for approval is sent to the LC open­ing bank	It is used to advise of dis­crepancies and request authorisation to honour documents presented that are not in accordance with the terms and conditions of the documentary credit.
MT 752	INIT	DISCREP­ANCY_AUT	Authorisa­tion to Pay, Accept or Negotiate	When an import LC is booked	It is used to advise a bank which has requested authorisation to pay, accept, negotiate or incur a deferred payment under­taking that the presentation of the documents may be honoured, notwithstanding the discrepancies, pro­vided they are otherwise in order.
MT 754	INIT	ADV_P­MT_ACPT	Advice of Payment/Acceptance/Negotiation	During ini­tiation of Export Bill	It is used to advise that documents have been pre­sented in accordance with the terms of a documentary credit and are being for­warded as instructed. This message type also handles the payment/negotiation.
MT 756	LIQD	REIM_PAY_ADV	Advice of Reimburse­ment or Pay­ment	On liquida­tion of an import Bill	It is used to advise of the reimbursement or pay­ment for a drawing under a documentary credit in which no specific reim­bursement instructions or payment provisions were given.
MT 760	BISS, REIS, ROPN	GUARAN­TEE	Guarantee Instrument	1.  Request another bank to issue a guaran­tee. 2. Issue a guarantee through another bank.	This message is sent between banks involved in the issuance of a guaran­tee. It is used to issue a guar­antee or to request the Receiver to issue a guar­antee.
MT 767	AMND	GUA_AM­D_INSTR	Guarantee Amendment	1.  Request another bank to amend a guaran­tee. 2. Amend a guaran­tee through another bank	It is used to amend or request the amendment of the guarantee. This message is sent by a bank which has issued a guarantee to the bank to which the guarantee was issued. It may also be sent by a bank which has requested the issuance of a guarantee to the bank to which the request for a guarantee was sent.
MT 768	BPRE, BADV, BANC,AMND, APAD,APAC & AATC, BISS, AMND	GUA_ACK_AD­VICE	Acknowl­edgement of a Guaran­tee Message		It is used to acknowledge receipt of any message relating to a guarantee and, where applicable, to indicate that action has been taken according to the instructions. The Sender’s charges may also be accounted for in this message. This message type is sent by a bank which has received a guarantee to the bank which issued the guarantee or an amend­ment thereto. It may also be sent by a bank which has been requested to issue a guarantee to the bank which requested the guarantee or an amend­ment thereto. The charges amount and the charges details of the issuing bank are also pop­ulated in the MT768 mes­sage.
MT 790	N.A.	N.A.	Request for Payment of Charges, Interest and Other Expenses	Gener­ated using Common Group Messages Option (MSD­COMMS)	Requests payment of charges, interest or other expenses
MT 791	N.A.	N.A.	Request for cancellation of the mes­sage	Gener­ated using Common Group Messages Option (MSD­COMMS)	Requests the Receiver to consider cancellation of the message identified in the request
MT 792	N.A.	N.A.	Queries	Gener­ated using Common Group Messages Option (MSD­COMMS)	Requests information relat­ing to a previous message or amendment to a previ­ous message
MT 795	N.A.	N.A.	Answers	Gener­ated using Common Group Messages Option (MSD­COMMS)	Responds to a MT 795 Queries message or MT 792 Request for Can­cellation or other mes­sages where no specific message type has been provided for the response
MT 796	N.A.	N.A.	Proprietary Message	Gener­ated using Common Group Messages Option (MSD­COMMS)	Contains formats defined and agreed to between users and for those mes­sages not yet live
MT 799	N.A.	N.A.	Free format message	Gener­ated using Common Group Messages Option (MSD­COMMS)
MT799	GCLM	GUA_­CLAIM_ADV	Guarantee Claim Advice	Guarantee Claim Advice	It is used to advice the claim details

18.2 SWIFT Advices

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

EVENT	EVENT DESCRIPTION	SWIFT MT	Tag	Advice Description
BISS	Issue of a Doc­umentary Credit	MT 700	LC_IN­STRU­MENT	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).
BISS	Pre-Advice of a Documentary Credit	MT 705	LC_PRE_ADVICE	This message is sent by the issuing bank to the advising bank. It is a brief advice of a documentary credit, the full details of which will follow. The pre-advice is not an operative credit instrument. Unless otherwise stated, the issuing bank must for­ward the operative credit instru­ment, ie, MT 700 Issue of a Documentary credit, without delay.
AMND	Amendment to a Documen­tary Credit	MT 707	LC_AMN­D_INSTR	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, unless the MT 707 is used to convey only brief details of the amendment, details of which are to follow.
BPRE, BADV, BANC,AMND, APAD,APAC & AATC	Acknowledge­ment	MT 730	LC_ACK_ADVICE	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.
BISS	Authorisation to Reimburse	MT 740	LC_AU­TH_RE­IMB	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 MT 740 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 MT 740.
BISS	Amendment to an Authorisa­tion to Reim­burse	MT 747	LC_AM­D_AU­TH_REB	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.
BISS	Guarantee	MT 760	GUARAN­TEE	This message is sent between banks involved in the issuance of a guarantee. It is used to issue a guarantee or to request the Receiver to issue a guarantee.
AMND	Guarantee Amendment	MT 767	GUA_AM­D_INSTR	This message is sent by a bank which has issued a guarantee to the bank to which the guarantee was issued. It may also be sent by a bank which has requested the issuance of a guarantee to the bank to which the request for a guaran­tee was sent. It is used to amend or request the amendment of the guarantee.
BPRE, BADV, BANC,AMND, APAD,APAC & AATC, BISS	Acknowledge­ment of a Guar­antee Message	MT 768	GUA_ACK_ADVICE	This message type is sent by a bank which has received a guaran­tee to the bank which issued the guarantee or an amendment thereto. It may also be sent by a bank which has been requested to issue a guarantee to the bank which requested the guarantee or an amendment thereto. It is used to acknowledge receipt of any message relating to a guaran­tee and, where applicable, to indi­cate that action has been taken according to the instructions. The Sender’s charges may also be accounted for in this message. MT768 during guarantee issuance is generated only when the coun­terparty in the guarantee contract is an applicant bank.
ALL	Free format Message	MT 799	NOT SUP­PORTED AT THE PROD­UCT LEVEL. CAN BE INPUT FROM MESSAG­ING MOD­ULE.	Free format messages for LC which is not covered in any of the 10xx series.

18.3 Details of MT202 (General Financial Institution Trans­fer)

This section deals with the mapping between the fields in the SWIFT message MT202 and the corresponding fields in Oracle FLEXCUBE.

Field in SWIFT	Description	Mandatory/Optional	Field in Oracle FLEXCUBE	Remarks
20	Transaction Reference Number	M	Reference Number	contract_ref_no for all module expect LC & BC. For LC & BC LCTMS_BRANCH_PARAME­TERS & BCTMS_BRANCH_PARAME­TERS
21	Related Ref­erence	M	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
32A	Value Date, Currency Code, Amount	M	Value Date / Account Currency / Settlement Amount	As entered in the front end as transfer amount
52a	Ordering Institution	O	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	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	Receiver's Correspond­ent 1 to 5	Receiver's Correspondent field, this is normally null, unless filled through front end.
56a	Intermediary	O	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	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	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	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.