MT 405 Field Specifications
11. Field 71A: Details of Charges
FORMAT
Option A |
3!a |
PRESENCE
Optional
DEFINITION
This field specifies which party will bear the charges for all the transactions contained in this message.
CODES
One of the following codes must be used (Error code(s): T08):
OUR |
All transaction charges are to be borne by the principal |
SHA |
Transaction charges on the Sender's side are to be borne by the principal, transaction charges on the Receiver's side are to be borne by the drawee. Sender and Receiver should be understood as Sender and Receiver of the MT 405. |
BEN |
All transaction charges are to be borne by the drawee. |