SWIFT ISO15022 Standard
Detail view for message MT734 - Advice of Refusal
Purpose of the message MT734
Advises the refusal of documents that are not in accordance with the terms and conditions of a documentary credit
Scope of the message MT734
This message is sent by the issuing bank to the bank from which it has received documents related to a documentary credit. It may also be sent by the bank nominated to pay/accept/negotiate/incur a deferred payment undertaking to the bank from which it has received documents.
It is used to advise the Receiver that the Sender considers the documents, as they appear on their face, not to be in accordance with the terms and conditions of the credit and that, consequently, it refuses them for the discrepancies stated. The Sender also provides the Receiver with details regarding the disposal of the documents.
This message type may also be used for claiming a refund.
Structure of the message MT734
Message fields
1
20
Sender's TRN
M
2
21
Presenting Bank's Reference
M
3
32A
Date and Amount of Utilisation
M
4
73
Charges Claimed
O
5
33a
A
Total Amount Claimed
C
B
6
57a
A
Account With Bank
O
B
D
7
72
Sender to Receiver Information
O
8
77J
Discrepancies
M
9
77B
Disposal of Documents
M