12.2.16 MT734 (Accept Refusal)
MSG TYPE: ACCEPT_REFUSAL event for Import Bills Under LC – Usance
Generated: When Bills are received with discrepancies, the negotiating bank is refused
payment
Table 12-18 MT734 - Accept Refusal
| Field | Description | M/O | FCC Y/N | Field Name in Oracle Banking Trade Finance | Remarks |
|---|---|---|---|---|---|
| 20 | Sender’s TRN | M | Y | Contract Reference Number Our Letter of Credit Reference User 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 or NONE |
| 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 = SND2RECMT734 |
| 77J | Discrepancies | M | Y | Free Format Text | FFT are populated where fft_code = 77AACPREFUSL |
| 77B | Disposal of Documents | M | Y | INS - ins_code= 'INSTRUCTIONS | the INS are populated where ins_code = |
Parent topic: Details of SWIFT Messages for Bills and Collections