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Documentary Credit Message Types

The following table lists all Documentary Credit message types defined in Category 7.

For each message type, there is a short description, an indicator whether the message type is signed (Y or N), the maximum message length for input (2,000 or 10,000 characters) and whether the use of the message requires registration with SWIFT for use in a message user group (Y or N).

MT MT Name Purpose Signed  (1)  Max Length MUG
700 Issue of a Documentary Credit Indicates the terms and conditions of a documentary credit Y 10,000 N
701 Issue of a Documentary Credit Continuation of an MT 700 Y 10,000 N
705 Pre-Advice of a Documentary Credit Provides brief advice of a documentary credit for which full details will follow Y 2,000 N
707 Amendment to a Documentary Credit Informs the Receiver of amendments to the terms and conditions of a documentary credit Y 10,000 N
708 Amendment to a Documentary Credit Continuation of an MT 707 Y 10,000 N
710 Advice of a Third Bank's Documentary Credit Advises the Receiver of the terms and conditions of a documentary credit Y 10,000 N
711 Advice of a Third Bank's Documentary Credit Continuation of an MT 710 Y 10,000 N
720 Transfer of a Documentary Credit Advises the transfer of a documentary credit, or part thereof, to the bank advising the second beneficiary Y 10,000 N
721 Transfer of a Documentary Credit Continuation of an MT 720 Y 10,000 N
730 Acknowledgement Acknowledges the receipt of a documentary credit message and may indicate that the message has been forwarded according to instructions. It may also be used to account for bank charges or to advise of acceptance or rejection of an amendment of a documentary credit Y 2,000 N
732 Advice of Discharge Advises that documents received with discrepancies have been taken up Y 2,000 N
734 Advice of Refusal Advises the refusal of documents that are not in accordance with the terms and conditions of a documentary credit Y 10,000 N
740 Authorisation to Reimburse Requests the Receiver to honour claims for reimbursement of payment(s) or negotiation(s) under a documentary credit Y 2,000 N
742 Reimbursement Claim Provides a reimbursement claim to the bank authorised to reimburse the Sender or its branch for its payments/negotiations Y 2,000 N
744 Notice of Non-Conforming Reimbursement Claim Notifies the Receiver that the Sender considers the claim, on the face of it, as not to be in accordance with the instruction in the Reimbursement Authorisation for the reason(s) as stated in this message Y 2,000 N
747 Amendment to an Authorisation to Reimburse Informs the reimbursing bank of amendments to the terms and conditions of a documentary credit, relative to the authorisation to reimburse Y 2,000 N
750 Advice of Discrepancy Advises of discrepancies and requests authorisation to honour documents presented that are not in accordance with the terms and conditions of the documentary credit Y 10,000 N
752 Authorisation to Pay, Accept or Negotiate Advises 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 Y 2,000 N
754 Advice of Payment/Acceptance/Negotiation Advises 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 Y 2,000 N
756 Advice of Reimbursement or Payment Advises of the reimbursement or payment for a drawing under a documentary credit in which no specific reimbursement instructions or payment provisions were given Y 2,000 N
759 Ancillary Trade Structured Message Requests or provides information, such as a fraud alert or a financing request, concerning an existing trade transaction such as a documentary credit, demand guarantee, standby letter of credit or an undertaking (for example, a guarantee, surety, etc.). Y 10,000 N

(1)  A Relationship Management Application (RMA) authorisation is required in order to sign a message.

Note: 

A Message User Group (MUG), for the purposes of this book, is a group of users who have voluntarily agreed to support the specified message type and have registered with SWIFT to send or receive the specified message type. These messages are indicated in the preceding table in the column MUG.

Registration is free of charge. To register to use one or more message types, submit a registration request (Order Message User Group) through the forms available on www.swift.com > Ordering & Support > Ordering > Order Products and Services > Message User Group (MUG).

To withdraw from a MUG, use the Terminate your MUG subscription request. These forms are available at www.swift.com > Ordering & Support > Ordering > Terminate and deactivate > Message User Group (MUG).

To get the list of other members of a particular MUG, send an MT 999 to the Customer Implementation team (SWHQBEBBCOS).