MT 107 Field Specifications
11. Field 71A: Details of Charges
FORMAT
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. |