MT 700 Field Specifications
6. Field 40E: Applicable Rules
FORMAT
| Option E |
30x[/35x] |
(Applicable Rules) (Narrative) |
PRESENCE
Mandatory
DEFINITION
This field specifies the rules the credit is subject to.
CODES
One of the following codes must be used (Error code(s): T59)
| UCP LATEST VERSION |
The documentary credit is subject to the version of the ICC Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce, Paris, France, which is in effect on the date of issue. |
| EUCP LATEST VERSION |
The documentary credit is subject to the version of the Supplement of the ICC Uniform Customs and Practice for Documentary Credits for Electronic Presentations, International Chamber of Commerce, Paris, France, which is in effect on the date of issue. |
| UCPURR LATEST VERSION |
The documentary credit is subject to the version of the ICC Uniform Customs and Practice for Documentary Credits and the version of the Uniform Rules for Bank-to-Bank Reimbursements under documentary credits, International Chamber of Commerce, Paris, France, which are in effect on the date of issue. |
| EUCPURR LATEST VERSION |
The documentary credit is subject to the version of the Supplement of the ICC Uniform Customs and Practice for Documentary Credits for Electronic Presentations and the version of the Uniform Rules for Bank-to-Bank Reimbursements, International Chamber of Commerce, Paris, France, which are in effect on the date of issue. |
| ISP LATEST VERSION |
The standby letter of credit is subject to the version of the ICC International Standby Practices, International Chamber of Commerce, Paris, France, which is in effect on the date of issue. |
| OTHR |
The credit is subject to any other rules. |
NETWORK VALIDATED RULES
Subfield 2 of field 40E, ie, "/"35x, is only allowed when subfield 1 of this field consists of OTHR (Error code(s): D81).
