12.1.4 MT 416 Advice of Non-Payment/Non-Acceptance
This message type is sent by the collecting bank to the remitting bank.
It may also be sent:
- to the remitting bank via another financial institution
- by a presenting bank to a collecting bank.
It is used to advise of non-payment or non-acceptance under a previously received collection or part thereof.
Maximum Length: 10000
Parent topic: Collections and Cash Letters