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MT 756 Advice of Reimbursement or Payment :











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 756 Advice of Reimbursement or Payment in trade finance?

MT 756 is a special swift message type that is sent by the issuing bank to the bank from which it has received documents or by the reimbursing bank to the bank from which it has received a reimbursement claim. 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 about reimbursement or payment, to that bank, for a drawing under a documentary credit for which no specific reimbursement instructions or payment provisions were provided. The account relationship between the Sender and the Receiver is used unless otherwise expressly stated in the message. On below table you can find detailed explanations of fields used under MT 756 Advice of Reimbursement or Payment swift messages













MT 756 Network Validated Rules

  • C1 The currency code in the amount fields 32B and 33A must be the same.
MT 756 Usage Rules

  • 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 756 Advice of Reimbursement or Payment swift message mean? 
MT 756 is a special swift message type that is sent by the issuing bank to the bank from which it has received documents or by the reimbursing bank to the bank from which it has received a reimbursement claim.



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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 756 Advice of Reimbursement or Payment
Status
Tag
Field Name
M
20
Sender's Reference
M
21
Presenting Bank's Reference
M
32B
Total Amount Claimed
M
33A
Amount Reimbursed or Paid
O
53a
Sender's Correspondent
O
54a
Receiver's Correspondent
O
72
Sender to Receiver Information
O : Optinal           M : Mandatory
Sample 1 : MT 756 Advice of Reimbursement or Payment SWIFT Message
SWIFT Message
Sender   : AMCONL2A
Message Type : 756
Receiver : OELBATSW
Message Text
20 : Sender's Reference
LC543217890
21 : Presenting Bank's Reference
IMLC 123/25544
32B : Total Amount Claimed
EUR45000
33A : Amount Reimbursed or Paid
131230EUR45000
53A : Sender's Correspondent
OELBAT2L
End of Message Text/Trailer