MT 740 Field Specifications

16. Field 71A: Reimbursing Bank's Charges

FORMAT

Option A

3!a

(Code)

PRESENCE

Optional

DEFINITION

This field specifies by which party the reimbursing bank's charges are to be borne.

CODES

One of the following codes may be used (Error code(s): T08):

CLM	Charges are for the account of the bank claiming reimbursement.
OUR	Charges are to be borne by the Sender.

USAGE RULES

The absence of this field implies that charges will be borne by the Sender of this message.