Narrative
On 22 January 1991, Deutsche Bank AG, Frankfurt, purchases 2000 fine ounces of gold from Crédit Suisse, Zürich. Subsequently, Crédit Suisse, Zürich, sends a Commodity Transfer Order to Samuel Montagu & Co. Ltd., London, to transfer the gold to the gold account of Deutsche Bank AG, Frankfurt, on 24 January 1991.
(To review the MTs 600 and 604 related to this message, see the respective Example sections.)
Samuel Montagu & Co., Ltd., London, sends a Commodity Debit Advice (MT 606) to advise Crédit Suisse, Zürich, that the gold has been debited and that the gold has been transferred to the gold account of Deutsche Bank AG, Frankfurt.
Information Flow
SWIFT Message
 Explanation |
Format |
|---|---|
| Sender |
|
| Message Type |
|
| Receiver |
|
| Message Text |
|
| Transaction Reference Number |
|
| Related Reference
(1) |
|
| The Commodity and Commodity Account
(2) |
|
| Value Date
(3) |
|
| Quantity of the Commodity
(4) |
|
| Beneficiary of the Commodity
(5) |
|
| End of Message Text/Trailer |
|
(1) The reference of the related MT 604.
(2) The identification of the commodity account which has been debited.
(3) The date on which the commodity account was debited.
(4) The unit and quantity of the commodity which was debited from the commodity account.
(5) The financial institution in favour of which the commodity was transferred.
