MT 700 Field Specifications

31. Field 71B: Charges

FORMAT

Option B 6*35x (Narrative)

In addition to narrative text, the following line formats may be used:

Line 1 /8a/[3!a13d][additional information] (Code) (Currency) (Amount) (Narrative)
Lines 2-6 [//continuation of additional information]  

PRESENCE

Optional

DEFINITION

This field may be used only to specify charges to be borne by the beneficiary.

CODES

One or more of the following codes may be used, followed by the currency code and amount:

AGENT Agent's commission
TELECHAR Teletransmission charges
COMM Our commission
CORCOM Our correspondent's commission
DISC Commercial discount
INSUR Insurance premium
POST Our postage
STAMP Stamp duty
WAREHOUS Wharfing and warehouse

USAGE RULES

In the absence of this field, all charges, except negotiation and transfer charges, are to be borne by the applicant.

Any code used in this field must be between slashes and must appear at the beginning of a line.

Narrative text must not begin with a slash and, if used, must begin on a new line and be the last information in the field.