MT 754

MT-754 - FIELD DESCRIPTION AND MEANING OF CODES

Field Definition

This field contains the reference number which has been assigned by the Sender.

Abbreviation of codes / Related conditions

serial number of message / total number of message for this LC

Field Definition

If the MT 754 is sent to the Issuing Bank, this field contains the documentary credit number assigned by the issuing bank.
If the message is sent to a bank other than the issuing bank, this field contains either the documentary credit number assigned by the issuing bank, or another reference meaningful to the Receiver.

Field Definition

This field contains the currency code and amount which has been paid, accepted or negotiated by the Sender

Abbreviation of codes / Related conditions

NONREF: Receiver's reference is not known

Field Definition

This field specifies the currency code and amount of any additional amounts allowed for in the credit, such as insurance.

Field Definition

This field is used to specify the charges which have been deducted from the amount paid/accepted/negotiated.

Field Definition

This field is used to specify any charges which have been added to the amount paid/accepted/negotiated

Field Definition

This field specifies the currency code and total amount claimed or to be remitted. The date, if present, will represent the value date of the amount.

Abbreviation of codes / Related conditions

YYMMDD

Field Definition

This field specifies the bank from which the Sender has claimed reimbursement, in accordance with the terms of the documentary credit. This may be a branch of the Sender or the Receiver or an entirely different bank.

Field Definition

This field identifies the bank at which the Receiver is requested to remit the total amount claimed in favour of the Sender of this message, or its branch or affiliate bank as specified in field 58a.

Abbreviation of codes / Related conditions

YYMMDD

Field Definition

This field identifies the branch or affiliate bank of the Sender, in favour of which the total amount claimed is to be transferred.

Field Definition

This field contains additional information for the Receiver or account with bank.

Abbreviation of codes / Related conditions

Any bank in ... (city or country) the credit is to be freely negotiable by any bank (that city / country)
BY PAYMENT mean payment at sight
BY DEF PAYMENT the specific details of the payment termsmust be specified in field 42P
BY MIXED PYMT the specific details of the payment termsmust be specified in field 42M
BY NEGOTIATION Documents can be negotiated at allowed bank counters
BY ACCEPTANCE payment commitment will be made at some future date as per LC terms

Field Definition

This field contains additional information for which no other field has been defined within the message.

M = Mandatory, O = Optional