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SWIFT ISO15022 Standard
Detail view for message MT416 - Advice of Non-Payment/Non-Acceptance

 Purpose of the message MT416

Advises of the non-payment or non-acceptance under a previously received collection

 Scope of the message MT416

This message type is sent by the collecting bank to the remitting bank.

It may also be sent:

  • to the remitting bank via another financial institution.
  • by a presenting bank to a collecting bank.
  • It is used to advise of non-payment or non-acceptance under a previously received collection or part thereof.

  Structure of the message MT416

Sequence A - General information  [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
1
20 
 
Sender's Reference
M
2
21 
 
Related Reference
M
3
23E
 
Advice Type
C
4
51A
 
Sending Institution
O
5
53a
A
Sender's Correspondent
O
 
 
B
 
 
6
71F
 
Sender's Charges
O
7
77A
 
Reason for Non-Payment/Non-Acceptance
O
Sequence B - Non-Payment/Non-Acceptance Details  [ mandatory, repetitive ]
No.
Tag
Option
Name
Status
8
21A
 
Related Sequence Reference
M
9
23E
 
Advice Type
C
10
21C
 
Principal's Reference
O
11
32a
A
Face Amount of Document(s)
M
 
 
B
 
 
 
 
K
 
 
12
50D
 
Principal
O
13
59 
 
Drawee
O
14
71F
 
Sender's Charges
C
15
77A
 
Reason for Non-Payment/Non-Acceptance
C