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SWIFT ISO15022 Standard
Detail view for message MT720 - Transfer of a Documentary Credit

 Purpose of the message MT720

Advises the transfer of a documentary credit, or part thereof, to the bank advising the second beneficiary

 Scope of the message MT720

When a beneficiary has requested the transfer of a documentary credit - originally issued by a bank or a non-bank - to a second beneficiary, this message is sent by the bank authorised to advise the transfer of the documentary credit, to the bank advising the second beneficiary.

It is used to advise the Receiver about the terms and conditions of the transferred documentary credit, or part thereof.

  Structure of the message MT720

Message fields
1
27 
 
Sequence of Total
M
2
40B
 
Form of Documentary Credit
M
3
20 
 
Transferring Bank's Reference
M
4
21 
 
Documentary Credit Number
M
5
31C
 
Date of Issue
O
6
40E
 
Applicable Rules
M
7
31D
 
Date and Place of Expiry
M
8
52a
A
Issuing Bank of the Original Documentary Credit
C
 
 
D
 
 
9
50B
 
Non-Bank Issuer of the Original Documentary Credit
C
10
50 
 
First Beneficiary
M
11
59 
 
Second Beneficiary
M
12
32B
 
Currency Code, Amount
M
13
39A
 
Percentage Credit Amount Tolerance
C
14
39B
 
Maximum Credit Amount
C
15
39C
 
Additional Amounts Covered
O
16
41a
A
Available With ... By ...
M
 
 
D
 
 
17
42C
 
Drafts at ...
C
18
42a
A
Drawee
C
 
 
D
 
 
19
42M
 
Mixed Payment Details
C
20
42P
 
Deferred Payment Details
C
21
43P
 
Partial Shipments
O
22
43T
 
Transshipment
O
23
44A
 
Place of Taking in Charge/Dispatch from .../Place of Receipt
O
24
44E
 
Port of Loading/Airport of Departure
O
25
44F
 
Port of Discharge/Airport of Destination
O
26
44B
 
Place of Final Destination/For Transportation to .../Place of Delivery
O
27
44C
 
Latest Date of Shipment
C
28
44D
 
Shipment Period
C
29
45A
 
Description of Goods and/or Services
O
30
46A
 
Documents Required
O
31
47A
 
Additional Conditions
O
32
71B
 
Charges
O
33
48 
 
Period for Presentation
O
34
49 
 
Confirmation Instructions
M
35
78 
 
Instructions to the Paying/Accepting/Negotiating Bank
O
36
57a
A
'Advise Through' Bank
O
 
 
B
 
 
 
 
D
 
 
37
72 
 
Sender to Receiver Information
O