Narrative
On 22 January 1991, BM Investments Ltd., London, instructs its gold account servicing institution, Morgan Guaranty Trust Company of New York, London, to deliver 2000 fine ounces of gold, good delivery bars to Samuel Montagu & Co., London, to the account of Deutsche Bank AG, Frankfurt, on 24 January 1991.
On 24 January 1991, Morgan Guaranty Trust Company of New York, London, delivers the gold to Samuel Montagu & Co., Ltd., London, for the account of Deutsche Bank AG, Frankfurt.
On 24 January 1991, Samuel Montagu sends a Commodity Credit Advice (MT 607) to Deutsche Bank AG, Frankfurt, advising that its gold account has been credited.
Information Flow
SWIFT Message
 Explanation |
Format |
|---|---|
| Sender |
|
| Message Type |
|
| Receiver |
|
| Message Text |
|
| Transaction Reference Number |
|
| Related Reference |
|
| The Commodity and Commodity Account
(1) |
|
| Value Date
(2) |
|
| Quantity of the Commodity
(3) |
|
| Instructing Party
(4) |
|
| Deliverer of the Commodity
(5) |
|
| End of Message Text/Trailer |
|
(1) The identification of the commodity account to which the commodity has been credited.
(2) The date on which the commodity was credited.
(3) The type and quantity of commodity credited.
(4) The party which instructed the deliverer of the commodity to deliver the commodity to the Sender in favour of the Receiver.
(5) The financial institution from which the commodity was received.
