This field further qualifies the documentary credit amount.
A nominated bank acting on its nomination, a confirming bank, if any, or the issuing bank may accept a commercial invoice issued for an amount in excess of the amount permitted by the credit, and its decision will be binding upon all parties, provided the bank in question has not honoured or negotiated for an amount in excess of that permitted by the credit.
The amount in words must accurately reflect the amount in figures if both are shown, and indicate the currency, as stated in the credit.
The amount must agree with that of the invoice, unless as a result of UCP 600 sub-article 18(b).
Keywords : Maximum credit amount, mt 700 swift, Standards MT Messages Implementation Guidelines - Swift, SWIFT MT700 codes, SWIFTStandards - Category 7 - Documentary Credits, What is swift mt 700 in banking, MT 700 sender definately is a LC issuing bank, MT 700 Series, Complete MT700, MT700 codes, Mt700 swift format in doc, MT700 or MT760 or ISO 20022