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MT 107 Field Specifications

11. Field 71A: Details of Charges

FORMAT

Option A 3!a (Code)

PRESENCE

Conditional (see rule C2) in mandatory sequence A

DEFINITION

This field specifies which party will bear the charges for all transactions in the message.

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 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 107.