Scribd
Upload
3K views

MT700 Format Specifications

This document provides specifications for the MT 700 format used for issuing documentary credits. It lists the status and name of each field in the format. The fields capture information about the documentary credit number, dates, applicable rules, amounts, currencies, details of the goods and documents required, and instructions for banks involved. A total of 78 fields are specified to provide the essential details of the documentary credit transaction in a standardized format.

Uploaded by

Iris Lai
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
3K views

MT700 Format Specifications

This document provides specifications for the MT 700 format used for issuing documentary credits. It lists the status and name of each field in the format. The fields capture information about the documentary credit number, dates, applicable rules, amounts, currencies, details of the goods and documents required, and instructions for banks involved. A total of 78 fields are specified to provide the essential details of the documentary credit transaction in a standardized format.

Uploaded by

Iris Lai
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 1

MT 700 Format Specifications

MT 700 Issue of a Documentary Credit


Status Tag Field Name Status Tag Field Name

M M M O O M M O M M M O O O M O O O O

27 40A 20 23 31C 40E 31D 51a 50 59 32B 39A 39B 39C 41a 42C 42a 42M 42P

Sequence of Total Form of Documentary Credit Documentary Credit Number Reference to Pre-Advice Date of Issue Applicable Rules Date and Place of Expiry Applicant Bank Applicant Beneficiary Currency Code, Amount Percentage Credit Amount Tolerance Maximum Credit Amount Additional Amounts Covered Available With ... By ... Drafts at ... Drawee Mixed Payment Details Deferred Payment Details

O O O O O O O O O O O O O M O O O O

43P 43T 44A 44E 44F 44B 44C 44D 45A 46A 47A 71B 48 49 53a 78 57a 72

Partial Shipments Transhipment Place of Taking in Charge/Dispatch from.../Place of Receipt Port of Loading/Airport of Departure Port of Discharge/Airport of Destination Place of Final Destination/For Transportation to.../Place of Delivery Latest Date of Shipment Shipment Period Description of Goods and/or Services Documents Required Additional Conditions Charges Period for Presentation Confirmation Instructions Reimbursing Bank Instructions to the Paying/Accepting/Negotiating Bank Advise Through Bank Sender to Receiver Information

M = Mandatory O = Optional

Excerpt from Documentary Credits and Guarantees for SWIFT Standards MT October 2007

You might also like