FFT codes SND2RECMTxxx will be used to pick up the sender to receiver information in various swift messages. In the FFT code MTxxx stands for the SWIFT message type which picks the FFT code. This facilitates defining a separate FFT code for each of the SWIFT messages.

This will be applicable for the following swift messages: MT700, 707, 705, 710, 720, 730, 740, 747, 760, 767, 768, 400, 410, 412, 420,422, 430, 734, 732, 742, 756, 750, 752, 754,760,765,768,769,785,786,787,767.

Maintain the various FFT codes for SND2RECMTxxx in the Free Format Code maintenance screen. During contract processing, based on the event being processed system defaults the advice maintained for the particular event. For messages of SWIFT type, select the corresponding SND2RECMTxxx FFT code from the list of values.

In the SWIFT message generated, the tag 72z populated with the text associated with the FFT code SND2RECMTxxx attached for the advice at the contract level. The system will not validate the FFT code SND2RECMTxxx attached with the advice. This has to be operationally controlled.

During advice generation, if the FFT code SND2RECMTxxx corresponding to the advice is not attached or if a different SND2RECMTxxx is attached, the system will not populate the tag 72z in the advice generated.