MT 416 Format Specifications

The MT 416 consists of two 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 Non-Payment/Non-Acceptance Details, is a repetitive mandatory sequence; each occurrence provides details of one individual document which was non-paid/non-accepted.

MT 416 Advice of Non-Payment/Non-Acceptance Acceptance

Status	Tag	Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	20	Sender's Reference	16x	1
M	21	Related Reference	16x	2
O	23E	Advice Type	4!c[/30x]	3
O	51A	Sending Institution	[/1!a][/34x] 4!a2!a2!c[3!c]	4
O	53a	Sender's Correspondent	A or B	5
O	71F	Sender's Charges	3!a15d	6
O	77A	Reason for Non-Payment/Non-Acceptance	20*35x	7
-----> Mandatory Repetitive Sequence B Non-Payment/Non-Acceptance Details
M	21A	Related Sequence Reference	16x	8
O	23E	Advice Type	4!c[/30x]	9
O	21C	Principal's Reference	35x	10
M	32a	Face Amount of Document(s)	A, B or K	11
O	50D	Principal	[/1!a][/34x] 4*35x	12
O	59	Drawee	[/34x] 4*35x	13
O	71F	Sender's Charges	3!a15d	14
O	77A	Reason for Non-Payment/Non-Acceptance	20*35x	15
-----|
M = Mandatory O = Optional