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MT 754 Advice of Payment/Acceptance/Negotiation :











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 754 Advice of Payment/Acceptance/Negotiation in trade finance?

MT 754 is a special swift message type that is sent by the paying, accepting or negotiating bank, or the bank incurring a deferred payment undertaking, to the issuing bank. It may also be sent by the bank to which documents have been presented to a bank that has been nominated to pay/accept. It is used to advise the Receiver that documents were presented in accordance with the credit terms and are being forwarded as instructed.
The MT 754 may also be used:
• for the settlement of the payment/negotiation
• as a pre-notification of a reimbursement claim from the claiming bank to the issuing bank
• as a pre-debit notification from the claiming bank to the issuing bank.

Note: Where a pre-debit notification from the reimbursing bank to the issuing bank is required, banks should use the MT 799 Free Format message, specifying the future date of debit. 

On below table you can find detailed explanations of fields used under MT 754 Advice of Payment/Acceptance/Negotiation swift messages
















MT 754 Network Validated Rules
  • C1 Either field 72 or 77A may be present, but not both.
  • C2 Either field 53a or 57a may be present, but not both.
  • C3 The currency code in the amount fields 32a and 34a must be the same.
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What does MT 754 Advice of Payment/Acceptance/Negotiation swift message mean? 
MT754 is a special swift message type that is is sent by the paying, accepting or negotiating bank, or the bank incurring a deferred payment undertaking, to the issuing bank.



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Keywords


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Sample 1 : MT 754 Advice of Payment/Acceptance/Negotiation SWIFT Message
SWIFT Message
Sender   : AMCONL2A
Message Type : 754
Receiver : OELBATSW
Message Text
20 : Sender's Reference
LC543217890
21 : Related Reference
IMLC 123/25544
32A : Principal Amount Paid
130817EUR45000
73 : Charges Added
COMMISSION EUR250
34A : Total Amount Claimed
130817EUR45250
53A : Reimbursing Bank
DELBATSW
End of Message Text/Trailer
MT 754 Advice of Payment/Acceptance/Negotiation
Status
Tag
Field Name
M
20
Sender's Reference
M
21
Related Reference
M
32a
Principal Amount Paid/Accepted/Negotiated
O
33B
Additional Amounts
O
71B
Charges Deducted
O
73
Charges Added
O
34a
Total Amount Claimed
O
53a
Reimbursing Bank
O
57a
Account With Bank
O
58a
Beneficiary Bank
O
72
Sender to Receiver Information
O
77A
Narrative
O : Optinal           M : Mandatory