SWIFT ISO15022 Standard
Detail view for message MT720 - Transfer of a Documentary Credit
Financial acronyms
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Purpose of the message MT720
Advises the transfer of a documentary credit, or part thereof, to the bank advising the second beneficiary
Scope of the message MT720
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 authorised 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.
Structure of the message MT720
Message fields
1
27
Sequence of Total
M
2
40B
Form of Documentary Credit
M
3
20
Transferring Bank's Reference
M
4
21
Documentary Credit Number
M
5
31C
Date of Issue
O
6
40E
Applicable Rules
M
7
31D
Date and Place of Expiry
M
8
52a
A
Issuing Bank of the Original Documentary Credit
C
D
9
50B
Non-Bank Issuer of the Original Documentary Credit
C
10
50
First Beneficiary
M
11
59
Second Beneficiary
M
12
32B
Currency Code, Amount
M
13
39A
Percentage Credit Amount Tolerance
C
14
39B
Maximum Credit Amount
C
15
39C
Additional Amounts Covered
O
16
41a
A
Available With ... By ...
M
D
17
42C
Drafts at ...
C
18
42a
A
Drawee
C
D
19
42M
Mixed Payment Details
C
20
42P
Deferred Payment Details
C
21
43P
Partial Shipments
O
22
43T
Transshipment
O
23
44A
Place of Taking in Charge/Dispatch from .../Place of Receipt
O
24
44E
Port of Loading/Airport of Departure
O
25
44F
Port of Discharge/Airport of Destination
O
26
44B
Place of Final Destination/For Transportation to .../Place of Delivery
O
27
44C
Latest Date of Shipment
C
28
44D
Shipment Period
C
29
45A
Description of Goods and/or Services
O
30
46A
Documents Required
O
31
47A
Additional Conditions
O
32
71B
Charges
O
33
48
Period for Presentation
O
34
49
Confirmation Instructions
M
35
78
Instructions to the Paying/Accepting/Negotiating Bank
O
36
57a
A
'Advise Through' Bank
O
B
D
37
72
Sender to Receiver Information
O