12.3.42 MT 737 - Response to Documentary Credit Presentation
The Response to Documentary Credit presentation is sent to the corporate (beneficiary) by its bank (Negotiating Bank) and comprises one MT 798 message.
It is used by the bank to acknowledge the receipt of documents under a documentary presentation from the beneficiary, and at the same time, to report discrepancies if any and/or provide further instructions and/or information as appropriate. This message is generated in BOOK Event.
When MT737 is generated along with MT750, Description of FFT - 72ZDISCSNDRC will be auto populated during advices pickup and populated against tag 72Z along with the description of existing FFT(72ZBNKCRPINF) details. FFT - 72ZDISCSNDRC is applicable on save only when MT750 is not suppressed.
Parent topic: Documentary Credits