MT 405 Format Specifications

The MT 405 consists of three sequences:

• Sequence A General Information is a single occurrence mandatory sequence and contains information to be applied to all individual transactions detailed in sequence B.

• Sequence B Financial Document Details is a repetitive mandatory sequence; each occurrence provides details of one individual financial document to be collected.

• Sequence C Settlement Details, is a single occurrence optional sequence and provides further settlement information applicable to all transactions detailed in sequence B.

MT 405 Clean Collection

Status	Tag	Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	20	Sender's Reference	16x	1
O	23E	Collection Type	4!c[/30x]	2
O	22D	Collection Instructions	4!c	3
O	22E	Protest Instructions	4!c	4
O	50L	Instructing Party	35x	5
O	50D	Principal	[/1!a][/34x] 4*35x	6
O	52a	Remitting Bank	A, C or D	7
O	51A	Sending Institution	[/1!a][/34x] 4!a2!a2!c[3!c]	8
O	26T	Transaction Type Code	3!c	9
O	77B	Regulatory Reporting	3*35x	10
O	71A	Details of Charges	3!a	11
O	17A	Charges Indicator	1!a	12
O	72	Sender to Receiver Information	6*35x	13
Optional Subsequence A1 Avalisation Details
M	50K	Avalising Party	[/34x] 4*35x	14
M	23C	Aval for Account of ...	4!c[/30x]	15
-----> Mandatory Repetitive Sequence B Financial Document Details
M	21A	Transaction Reference	16x	16
O	23E	Collection Type	4!c[/30x]	17
O	22D	Collection Instructions	4!c	18
O	22E	Protest Instructions	4!c	19
O	21C	Principal's Reference	35x	20
O	21D	Remitting Bank's Reference	35x	21
O	21E	Drawee's Reference	35x	22
M	32a	Face Amount of Financial Document	A or K	23
M	30	Issue Date	6!n	24
M	29C	Issue Place	35x	25
O	82S	Place of Presentation	2!a[/34x] [4*35x]	26
O	50L	Instructing Party	35x	27
O	50D	Principal	[/1!a][/34x] 4*35x	28
O	52a	Remitting Bank	A, C or D	29
O	57a	Presenting Bank	A, C or D	30
M	59	Drawee	[/34x] 4*35x	31
O	38A	Action Requested Within...	3n	32
O	26T	Transaction Type Code	3!c	33
O	77B	Regulatory Reporting	3*35x	34
O	71A	Details of Charges	3!a	35
O	17A	Charges Indicator	1!a	36
O	71F	Sender's Charges	3!a15d	37
O	71G	Receiver's Charges	3!a15d	38
O	72	Sender to Receiver Information	6*35x	39
Optional Subsequence B1 Avalisation Details
M	50K	Avalising Party	[/34x] 4*35x	40
M	23C	Aval for Account of ...	4!c[/30x]	41
Optional Subsequence B2 Interest Calculation Details
M	37J	Interest Rate	12d	42
M	38B	Interest Payment Schedule	4!c/4!c[/2!n]	43
M	23F	Interest Calculation Basis	4!c[/30x]	44
M	17F	Interest Indicator	1!a	45
Optional Subsequence B3 Financial Document Settlement Details
M	32a	Proceeds to be Remitted	C or G	46
O	56a	Settlement Institution	A, C or D	47
O	53a	Sender's Correspondent	A or B	48
-----| Optional Sequence C Settlement Details
M	32a	Proceeds to be Remitted	B or D	49
O	19	Sum of Face Amounts of Financial Documents	17d	50
O	71F	Sum of Sender's Charges	3!a15d	51
O	71G	Sum of Receiver's Charges	3!a15d	52
O	56a	Settlement Institution	A, C or D	53
O	53a	Sender's Correspondent	A or B	54
M = Mandatory O = Optional