MT 707 Field Specifications
12. Field 40A: Form of Documentary Credit
FORMAT
PRESENCE
Conditional (see rule C1)
DEFINITION
This field specifies the type of credit, if changed.
CODES
Type must contain one of the following codes (Error code(s): T60):
IRREVOCABLE |
The documentary credit is irrevocable |
IRREVOCABLE TRANSFERABLE |
The documentary credit is irrevocable and transferable |
IRREVOCABLE STANDBY
|
The standby letter of credit is irrevocable
|
IRREVOC TRANS STANDBY
|
The standby letter of credit is irrevocable and transferable
|