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MT 730 Acknowledgement :











Swift is a provider of secure message platform for financial institutions mainly for banks. Swift messages send and received by banks in encrypted forms. As a result swift messages are accepted as a valid and reliable way of communication between banks. For example, an issuing bank send a swift message to an advising bank in order to inform issuance of a documentary credit. Similarly advising banks send their acknowledgement via a swift message. Swift messages play a key role not only in letters of credit but also other payment methods in international trade such as cash in advance paymentdocumentary collections, open accounts and bank payment obligations.

What is MT 730 Acknowledgement in trade finance?
MT 730 is a special swift message type that is used used to acknowledge receipt of any documentary credit message. When applicable, it may also explicitly indicate that the message has been forwarded according to instructions. This message type may also be used : to account for bank charges and to advise of acceptance or rejection of an amendment of a credit.  On below table you can find detailed explanations of fields used under MT 730 swift messages












MT 730 Network Validated Rules
  • C1 Either field 25 or 57a, but not both, may be present.
  • C2 If field 32D is presentfield 57a must not be present.
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What does MT 730 Acknowledgement swift message mean? 
MT 730 is a special swift message type that is used used to acknowledge receipt of any documentary credit message. When applicable, it may also explicitly indicate that the message has been forwarded according to instructions.



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Keywords


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Status
Tag
Field Name
M
20
Sender's Reference
M
21
Receiver's Reference
O
25
Account Identification
M
30
Date of Message Being Acknowledged
O
32a
Amount of Charges
O
57a
Account With Bank
O
71B
Charges
O
72
Sender to Receiver Information
O : Optinal           M : Mandatory
Sample 1 : MT 730 Acknowledgement SWIFT Message
SWIFT Message
Sender   : EXPOBA2L
Message Type : 730
Receiver : IMBANL2A
Message Text
20 : Sender's Reference
IMP125658
21 : Receiver's Reference
ZAP82123
30 : Date of Message Acknowledged
020621
72 : Sender to Receiver Information
AT BENEFICIARY'S REQUEST WE ADDED OUR CONFIRMATION WE SHALL SETTLE OUR CHARGES LATER.
End of Message Text/Trailer
Sample 2 : MT 730 Acknowledgement SWIFT Message
SWIFT Message
Sender   : AMCONL2A
Message Type : 730
Receiver : OELBATSW
Message Text
20 : Sender's Reference
IMP145322
21 : Receiver's Reference
EXP54321
30 : Date of Message Acknowledged
130821
32B : Amount of Charges
EUR420
57A : Account With Bank
CORBATSW
71B : Charges
/COMM/EUR400,/CABLE/EUR20,
72 : Sender to Receiver Information
WE ADDED OUR CONFIRMATION PLEASE PAY FOR ACCOUNT NUMBER 75016375 AT CORBATSW.
End of Message Text/Trailer