12.3.8 MT 720 Transfer of a Documentary Credit
When a beneficiary has requested the transfer of a documentary credit - originally issued by a bank or a non-bank - to a second beneficiary, this message is sent by the bank authorized to advise the transfer of the documentary credit, to the bank advising the second beneficiary.
It is used to advise the Receiver about the terms and conditions of the transferred documentary credit, or part thereof.
Maximum Length: 10000
The system follows the below STP process for MT720 message:
- Upto 8 MT721 can be sent in additional to MT 720 messages.
- Information related to designated field in this message should not repeat in the field related to MT 720.
- Information message should not conflict with the information present related to MT 720.
Parent topic: Documentary Credits