Narrative
On 22 January 1991, Deutsche Bank AG, Frankfurt, buys 2000 fine ounces of gold in 9999 bars, loco London from Crédit Suisse, Zürich.
On 24 January 1991, Crédit Suisse, Zürich, requests the transfer of the gold from its gold account with Morgan Guaranty Trust Company of New York, London, to the gold account of Deutsche Bank AG, Frankfurt, with Samuel Montagu & Co. Ltd., London.
(To review the MTs 600 and 604 related to this message, see the respective Example sections.)
On 22 January 1991, Deutsche Bank AG, Frankfurt, sends a Commodity Notice to Receive to Samuel Montagu & Co., Ltd., London, providing notification of the pending transfer of gold to its account.
Information Flow
SWIFT Message
 Explanation |
Format |
|---|---|
| Sender |
|
| Message Type |
|
| Receiver |
|
| Message Text |
|
| Transaction Reference Number |
|
| Commodity and Commodity Account |
|
| Value Date
(1) |
|
| Related Reference
(2) |
|
| Further Identification
(3) |
|
| Quantity of the Commodity |
|
| Instructing Party
(4) |
|
| Deliverer of the Commodity
(5) |
|
| End of Message Text/Trailer |
|
(1) The date on which the Receiver is to receive the commodity.
(2) The common reference of the related MT 600.
(3) The code indicating that the commodity is to be transferred.
(4) The financial institution instructing the deliverer of the commodity to transfer the commodity to the Receiver.
(5) The financial institution which is to transfer the commodity to the Receiver in favour of the Sender.
