MT 104 Field Specifications

29. Field 71A: Details of Charges

FORMAT

Option A

3!a

(Code)

PRESENCE

Conditional (see rule C3) in mandatory sequence B

DEFINITION

This field specifies which party will bear the charges:

• under the Direct Debit scenario, for the direct debit transaction in this particular occurrence of sequence B.

• under the Request for Direct Debit scenario, for the subsequent direct debit transaction in this particular occurrence of sequence B.

CODES

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

BEN	Debtor	All transaction charges are to be borne by the debtor.
OUR	Our customer charged	All transaction charges are to be borne by the creditor.
SHA	Shared charges	Under the Direct Debit scenario, the following definition applies: Transaction charges on the Sender's side are to be borne by the creditor, transaction charges on the Receiver's side are to be borne by the debtor. The Sender and the Receiver should be understood as the Sender and the Receiver of the MT 104. Under the Request for Direct Debit scenario, the following definition applies: All transaction charges other than the charges of the Receiver servicing the creditor's account are borne by the debtor. Receiver should be understood as Receiver of the MT 104 (RFDD).