SWIFT ISO15022 Standard
Detail view for message MT400 - Advice of Payment
Financial acronyms
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Purpose of the message MT400
Advises of a payment under a collection or part thereof. It also handles the settlement of proceeds
Scope of the message MT400
This message type is sent by the collecting bank to the remitting bank.
It may also be sent:
- on behalf of the collecting bank by its branch/affiliate bank to the remitting bank or branch/affiliate of that bank
- by a collecting bank to another collecting bank
It is used to advise a payment under a collection or a part thereof and may also be used for the settlement of proceeds. The account relationship between the Sender and the Receiver is used, unless expressly stated otherwise in the message.
This message must never be sent to a bank acting solely as a reimbursement bank. In this case, the appropriate message type is an MT 202 Financial Institution Transfer.
Structure of the message MT400
Message fields
1
20
Sending Bank's TRN
M
2
21
Related Reference
M
3
32a
A
Amount Collected
M
B
K
4
33A
Proceeds Remitted
M
5
52a
A
Ordering Bank
O
D
6
53a
A
Sender's Correspondent
O
B
D
7
54a
A
Receiver's Correspondent
O
B
D
8
57a
A
Account With Bank
C
D
9
58a
A
Beneficiary Bank
O
B
D
10
71B
Details of Charges
O
11
72
Sender to Receiver Information
O
12
73
Details of Amounts Added
O