MT 102+ Field Specifications

7. 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 all transactions described in sequence B.

CODES

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

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