12.2.15 MT732 (Reserve Release)
MSG TYPE: RESERVE_RELEASE event for Import Bills Under LC – Sight & Usance
Generated: When Discrepancies are accepted by the drawee, the negotiating
bank is informed.
Table 12-16 MT732 - Reserve Release
| Field | Description | M/O | FCC Y/N | Field Name in Oracle Banking Trade Finance | Remarks |
|---|---|---|---|---|---|
| 20 | Sending Bank’s TRN | M | Y | User Reference Contract Reference Number Our Letter of Credit Reference | User Reference Number, if the flag at the branch parameter = “Y” (bctms_branch_parameters. use_userref_in_msgs) else Contract_Ref_no OR our lc ref, If at the contract level the “use lc ref no.in msg “(tms_contract_master.USE_ LCREF_IN_MSG) is checked then our_lc_Ref is used |
| 21 | Related Reference | M | Y | Their Letter of Credit Reference Reference (Parties tab) | if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from parties tab |
| 30 | Date of Advice of Payment/Ac ceptance/Negotiation | M | Y | Covering Letter Date | As entered under ship/docs tab under Covering letter date |
| 32B | Amount of Utilization | M | Y | Bill Currency
Bill Amount |
|
| 72 | Sender to Receiver Information | O | Y | Free Format Text | FFT are populated where fft_code = SND2RECMT422 |
MT734 (Payment Refusal)
MSG TYPE: PAYMENT_REFUSAL event for Import Bills Under LC – Sight
Generated: When Bills are received with discrepancies, the negotiating bank
is refused payment.
Table 12-17 MT734 - Payment Refusal
| Field | Description | M/O | FCC Y/N | Field Name in Oracle Banking Trade Finance | Remarks |
|---|---|---|---|---|---|
| 20 | Sending Bank’s TRN | M | Y | User Reference Contract Reference Number Our Letter of Credit Reference | User Reference Number, if the flag at the branch parameter = “Y” (bctms_branch_parameters. use_userref_in_msgs) else Contract_Ref_no OR our lc ref, If at the contract level the “use lc ref no.in msg “ (bctms_contract_master.US E_LCREF_IN_MSG) is checked then our_lc_Ref is used |
| 21 | Presenting Bank’s Reference | M | Y | Their Letter of Credit Reference Reference (Parties tab) | if use_lcref_in_msg = 'Y' then their_lc_ref else Party Reference of Receiver.Their LC ref from contract main screen and party ref from parties tab |
| 32A | Date and Amount of Utilization | M | Y | Bill Currency Bill Amount Covering Letter Date | As entered in the front end through contract input screen |
| 73 | Charges Claimed | O | Y | Free Format Text | FFT are populated where fft_code = 73CHGCLAIMED |
| 33a | Total Amount Claimed | O | Y | Free Format Text | FFT are populated where fft_code = 33TOTAMTCLMD |
| 57a | Account With Bank | O | Y | Free Format Text | FFT are populated where fft_code = 57ACWITHBANK |
| 72 | Sender to Receiver Information | O | Y | Free Format Text | FFT are populated where fft_code = SND2RECMT422 |
| 77J | Discrepancies | M | Y | Discrepancy Description | |
| 77B | Disposal of Documents | M | Y | Free Format Text | FFT are populated where fft_code = 77APAYREFUSL |
Parent topic: Details of SWIFT Messages for Bills and Collections