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MT 752 Authorisation to Pay, Accept or Negotiate :












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 752 Authorisation to Pay, Accept or Negotiate in trade finance?

MT 752 is a special swift message type that is sent by the issuing bank, or the nominated bank if so authorised by the issuing bank, to a paying/accepting/negotiating bank in response to a request for authorisation to pay/accept/negotiate/incur a deferred payment undertaking previously requested via an MT 750 Advice of Discrepancy or otherwise. 

It is used to advise the Receiver that documents may be taken up, notwithstanding the discrepancies, provided they are otherwise in order. On below table you can find detailed explanations of fields used under MT 752 Authorisation to Pay, Accept or Negotiate swift messages















MT 752 Network Validated Rules

  • C1 If fields 32B and 71B are both present, then field 33a must also be present.
  • C2 The currency code in the amount fields 32B and 33a must be the same.
MT 752 Usage Rules

  • When cover is to be remitted via other banks, these banks are specified in fields 53a and 54a.
  • The code RCB may only be used in field 72 if both fields 53a and 54a are present in the message.
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What does MT 752 Authorisation to Pay, Accept or Negotiate swift message mean? 
MT 752  is sent by the issuing bank, or the nominated bank if so authorised by the issuing bank, to a paying/accepting/negotiating bank in response to a request for authorisation to pay/accept/negotiate/incur a deferred payment undertaking previously requested via an MT 750 Advice of Discrepancy or otherwise.



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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




Sample 1 : MT 752 Authorisation to Pay, Accept or Negotiate
SWIFT Message
Sender   : AMCONL2A
Message Type : 752
Receiver : OELBATSW
Message Text
20 : Documentary Credit Number
LC543217890
21 : Presenting Bank's Reference
LIS22312
23 : Further Identification
ACCEPT
30 : Date of Advice of Discrepancy
130815
End of Message Text/Trailer
MT 752 Authorisation to Pay, Accept or Negotiate
Status
Tag
Field Name
M
20
Documentary Credit Number
M
21
Presenting Bank's Reference
M
23
Further Identification
M
30
Date of Advice of Discrepancy or Mailing
O
32B
Total Amount Advised
O
71B
Charges Deducted
O
33a
Net Amount
O
53a
Sender's Correspondent
O
54a
Receiver's Correspondent
O
72
Sender to Receiver Information
O : Optinal           M : Mandatory