SWIFT ISO15022 Standard
Detail view for message MT416 - Advice of Non-Payment/Non-Acceptance
Financial acronyms
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Purpose of the message MT416
Advises of the non-payment or non-acceptance under a previously received collection
Scope of the message MT416
This message type is sent by the collecting bank to the remitting bank.
It may also be sent:
- to the remitting bank via another financial institution.
- by a presenting bank to a collecting bank.
It is used to advise of non-payment or non-acceptance under a previously received collection or part thereof.
Structure of the message MT416
Sequence A - General information [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
1
20
Sender's Reference
M
2
21
Related Reference
M
3
23E
Advice Type
C
4
51A
Sending Institution
O
5
53a
A
Sender's Correspondent
O
B
6
71F
Sender's Charges
O
7
77A
Reason for Non-Payment/Non-Acceptance
O
Sequence B - Non-Payment/Non-Acceptance Details [ mandatory, repetitive ]
No.
Tag
Option
Name
Status
8
21A
Related Sequence Reference
M
9
23E
Advice Type
C
10
21C
Principal's Reference
O
11
32a
A
Face Amount of Document(s)
M
B
K
12
50D
Principal
O
13
59
Drawee
O
14
71F
Sender's Charges
C
15
77A
Reason for Non-Payment/Non-Acceptance
C