MT 102 Field Specifications

20. Field 71A: Details of Charges

FORMAT

Option A

3!a

(Code)

PRESENCE

Conditional (C4)

DEFINITION

This field specifies which party will bear the charges for the transaction in the same occurrence of sequence B.

CODES

One of the following codes must be used (Error code(s): T08):

BEN	The transaction charges are to be borne by the beneficiary customer.
OUR	The transaction charges are to be borne by the ordering customer.
SHA	The transaction charges on the Sender's side are to be borne by the ordering customer and the transaction charges on the Receiver's side are to be borne by the beneficiary customer.