What is Field 42M: Mixed Payment Details?
Field 42M: Mixed Payment Details is a field in MT 700 swift message type that is used to specify the payment dates, amounts and/or method for their determination in a documentary credit which is available by mixed payment.

 





























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MT 700 
Field 42M: Mixed Payment Details :
USAGE RULES
This field specifies the payment dates, amounts and/or method for their determination in a documentary credit which is available by mixed payment.
CONDITIONAL RULES
  • Either fields 42C and 42a together, or field 42M alone, or field 42P alone may be present. No other combination of these fields is allowed


letterofcredit.biz is your gateway to International Trade Finance World designed & developed by a Certified Documentary Credit Specialist.

  • Field 42M: Mixed Payment Details :

  • This field specifies the payment dates, amounts and/or method for their determination in a documentary credit which is available by mixed payment.
  • Mixed payment is not covered under UCP 600 with a direct referance but parties can use mixed payments under letters of credit. 
  • Mixed payment example is as follows:
* %25 proforma invoice will be paid via advance payment outside l/c, %75 proforma invoice amount will be paid by at sight letter of credit.
 

Sample Field 42M: Mixed Payment Details
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