Field 31C: Date of Issue

Article 31C: Date of Issue is a field under the MT 700 Issue of a Documentary Credit swift message. This field indicates the letter of credit issuance date.

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What is Field 31C: Date of Issue?

Field 31C: Date of Issue is a field in MT 700 swift message that is used to indicate the letter of credit issuance date.

This is a mandatory field.

This field specifies the date on which the issuing bank (Sender) considers the documentary credit as being issued.

Date must contain a valid date expressed as YYMMDD.

An issuing bank is irrevocably bound to honour as of the time it issues the credit.

The commitment of the issuing bank to honour begins with the issue of the credit.

MT 700
Field 31C: Date of Issue
USAGE RULES
This field specifies the date on which the issuing bank (Sender) considers the documentary credit as being issued.