MT 405 Field Specifications

36. Field 17A: Charges Indicator

FORMAT

Option A

1!a

PRESENCE

Conditional (C7)

DEFINITION

This field indicates, for the individual transaction in this occurrence of sequence B, whether the presenting bank may waive collection charges and/or expenses should the drawee refuse to pay these.

CODES

One of the following codes must be used (Error code(s): T36):

Y	The presenting bank may waive collection charges and/or expenses.
N	The presenting bank may not waive collection charges and/or expenses.