What is field 40A: Form of Documentary Credit?
Field 40A: Form of Documentary Credit is a field in MT 700 swift message type that is used to indicate the form of the letter of credit. 

 





























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MT 700 
Field 40A: Form of Documentary Credit 
USAGE RULES
Details of any special conditions applying to the transferability of the credit and/or the bank authorised to transfer the credit in a freely negotiable credit should be included in field 47A Additional Conditions




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  • Field 40A: Form of Documentary Credit

  • This field specifies the type of credit.
  • Codes : One of the following codes must be used 
IRREVOCABLE The documentary credit is irrevocable.
REVOCABLE The documentary credit is revocable.
IRREVOCABLE TRANSFERABLE The documentary credit is irrevocable and transferable.
REVOCABLE TRANSFERABLE The documentary credit is revocable and transferable.
IRREVOCABLE STANDBY The standby letter of credit is irrevocable.
REVOCABLE STANDBY The standby letter of credit is revocable.
IRREVOC TRANS STANDBY The standby letter of credit is irrevocable and transferable.

Sample Field 40A: Form of Documentary Credit
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