SWIFT ISO15022 Standard
Detail view for message MT721 - Transfer of a Documentary Credit
Financial acronyms
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Purpose of the message MT721
Continuation of an MT 720 for fields 45a, 46a and 47a
Scope of the message MT721
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.
This message is sent in addition to an MT 720 Transfer of a Documentary Credit, when the information in the documentary credit exceeds the maximum input message length of the MT 720.
Structure of the message MT721
Message fields
1
27
Sequence of Total
M
2
20
Transferring Bank's Reference
M
3
21
Documentary Credit Number
M
4
45B
Description of Goods and/or Services
O
5
46B
Documents Required
O
6
47B
Additional Conditions
O