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MT 750 Advice of Discrepancy :











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 750 Advice of Discrepancy in trade finance?
MT 750 is a special swift message type that is sent by the bank to which documents have been presented, to the issuing bank. It may also be sent to a bank nominated to pay/accept/negotiate/incur a deferred payment undertaking. It is used to advise the Receiver that documents which have been presented are not in accordance with the terms and conditions of the credit. 

The MT 750 is a request for authorisation to take up documents. Authorisation may be provided using an MT 752 Authorisation to Pay, Accept or Negotiate; a negative reply to the request may be provided using an MT 796 Answers. On below table you can find detailed explanations of fields used under  MT 750 Advice of Discrepancy swift messages
















MT 750 Network Validated Rules
  • C1 If field 33B and/or field 71B and/or field 73 is/are present, field 34B must also be present.
  • C2 The currency code in the amount fields 32B and 34B must be the same.
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What does MT 750 Advice of Discrepancy swift message mean? 
MT 750 is a special swift message type that is sent by the bank to which documents have been presented, to the issuing bank. It is used to advise the Receiver that documents which have been presented are not in accordance with the terms and conditions of the credit. The MT 750 is a request for authorisation to take up documents.



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Keywords


  • an issuing bank should discourage any attempt bythe applicant to include copies of contract as integral part of leter of credit
  • international contract of sale
  • international contract letter of credit
  • international sales contract real example
  • sale contract and sale invoices
  • sales contract with lc
  • letter of credit format for construction contract




  MT 750 Advice of Discrepancy
Status
Tag
Field Name
M
20
Sender's Reference
M
21
Related Reference
M
32B
Principal Amount
O
33B
Additional Amount
O
71B
Charges to be Deducted
O
73
Charges to be Added
O
34B
Total Amount to be Paid
O
57a
Account With Bank
O
72
Sender to Receiver Information
M
77J
Discrepancies
O : Optinal           M : Mandatory
Sample 1 : MT 750 Advice of Discrepancy SWIFT Message
SWIFT Message
Sender   : AMCONL2A
Message Type : 750
Receiver : OELBATSW
Message Text
20 : Sender's Reference
LC543217890
21 : Related Reference
IM-DOC 123/2563789
32B : Principal Amount Claimed
EUR45000
77J : Discrepancies
COPY CONSULAR CERTIFICATE OF ORIGIN NOT PRESENTED AND COPY LETTER OF DECLARATION FROM BENEFICIARY'S TO APPLICANT DOES NOT SHOW ORIGINAL CONSULAR INVOICE AND CERTIFICATE OF ORIGIN AIRMAILED TO APPLICANT.
End of Message Text/Trailer