MT 740 Field Specifications
3. Field 40F: Applicable Rules
FORMAT
| Option F |
30x |
(Applicable Rules) |
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).
| URR LATEST VERSION |
The reimbursement under the credit is subject to the version of the ICC Uniform Rules for Bank-to-Bank Reimbursement, which is in effect on the date of issue. |
| NOTURR |
The reimbursement under the credit is not subject to the ICC Uniform Rules for Bank-to-Bank Reimbursement. |
