MT 405 Field Specifications

35. Field 71A: Details of Charges

FORMAT

Option A

3!a

PRESENCE

Conditional (C2)

DEFINITION

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

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.