12.3.7 MT 711 Advice of a Third Bank’s or a Non-Bank’s Documentary Credit
This message is sent by an advising bank, which has received a documentary credit from the issuing bank or the non-bank issuer, to the bank advising the beneficiary or another advising bank.
It is used to advise the Receiver about the terms and conditions of a documentary credit.
This message is sent in addition to an MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit, when the information in the documentary credit exceeds the maximum input message length of the MT 710.
Maximum Length: 10000
"As per SWIFT November 2018, system should support below specifications for extension messages ( MT711 ):
- Maximum of 7 extension messages can be generated
- Tag 45A can appear in more than one message (either in MT700 or in multiple MT701s).
- Tag 45A should not repeat more than once in a single message
- Tag 45A can have 6500 characters (100*65z)
- Size limitation of Tag 45A, in theory, could be 8 x 100 x 65, some 52,000 characters.
- If details provided for Description of goods, Description of documents, Additional conditions, Special Payment conditions for Beneficiary and Special Payment conditions for Receiving Bank exceeds 80000 characters, all messages ( MT700 and MT701s) should go in repair.
- Adoption of the extended Z Character Set for long fields, includes fields 45, 46, 47 and 49
Parent topic: Documentary Credits