Free Format Text instructions (FFTs) are a set of instructions or statements that are applicable to the Islamic LC that you process. It is used to enter additional details related to the Islamic LC you are processing. In the Islamic LC Contract - Advices screen you can specify the FFTs that should accompany an advice, generated for an Islamic LC. When you select an advice code on this screen, the advice code together and the party type, to which it is to be sent, is displayed in the FFT section. This indicates that the FFTs that you specify will appear on the advice, which is displayed and is sent to the party type that is displayed.

All the FFTs defined for the advice, at the product level will also be displayed. You have the option to add to or delete from the list of FFTs defaulted for an advice. To add an FFT to the list, click on add in the screen and then on the option list.

Select an FFT code from the option list that is displayed. After selecting the code that identifies the FFT you wish to attach to the advice, its description is automatically picked up and displayed. The FFT description is changed to suit the requirements of the Islamic LC you are processing.

Sender to Receiver Info Tag

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

This is 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

The various FFT codes for SND2RECMTxxx are maintained in the Free Format Code maintenance screen. During contract processing, based on the event being processed system defaults the advices maintained for the particular event. For messages of SWIFT type, you can select the corresponding SND2RECMTxxx FFT code from the list of values In the SWIFT message generated, the tag 72 is populated with the text associated with the FFT code SND2RECMTxxx attached for the advice at the contract level.System will not validate the FFT code SND2RECMTxxx being 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, system will not populate the tag 72 in the advice generated.