The Notification of Advice of Refusal is sent to the corporate (applicant or beneficiary) by its bank (Issuing Bank or Negotiating Bank) and comprises two MT 798 messages.

They are used to notify (with a copy of the MT 734 message) the corporate that the documents received with discrepancies have been refused by the issuing bank. This message is generated in REFA or REFP Event.

• Format Specifications