SWIFT ISO15022 Standard
Detail view for message MT740 - Authorisation to Reimburse
Financial acronyms
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Purpose of the message MT740
Requests the Receiver to honour claims for reimbursement of payment(s) or negotiation(s) under a documentary credit
Scope of the message MT740
This message is sent by the issuing bank to the reimbursing bank.
It is used to request the Receiver to honour claims for reimbursement of payment(s) or negotiation(s) under a documentary credit.
The MT 740 authorises the reimbursing bank to debit the account of the Sender, or one of the Sender's branches if so indicated, for reimbursements effected in accordance with the instructions in the MT 740.
Structure of the message MT740
Message fields
1
20
Documentary Credit Number
M
2
25
Account Identification
O
3
40F
Applicable Rules
M
4
31D
Date and Place of Expiry
O
5
58a
A
Negotiating Bank
C
D
6
59
Beneficiary
C
7
32B
Credit Amount
M
8
39A
Percentage Credit Amount Tolerance
C
9
39B
Maximum Credit Amount
C
10
39C
Additional Amounts Covered
O
11
41a
A
Available With ... By ...
M
D
12
42C
Drafts at ...
C
13
42a
A
Drawee
C
D
14
42M
Mixed Payment Details
C
15
42P
Deferred Payment Details
C
16
71A
Reimbursing Bank's Charges
O
17
71B
Other Charges
O
18
72
Sender to Receiver Information
O