12.3.12 MT 734 Advice of Refusal
Advises the refusal of documents that are not in accordance with the terms and conditions of a documentary credit
MT 734 message is generated on bill booking. During book of an import bill under LC with stage as initial, the system allows the input of Non-acceptance message date or Non-Pay message date based on the operation. Corresponding message Acceptance Refusal or Payment Refusal (MT 734) message is generated against the corresponding event REFA or REFP. Advices associated with BOOK event will also be picked up.
Maximum Length: 10000
Parent topic: Documentary Credits