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.