MT 730 Acknowledgement

MT 730 is a special swift message type that is used used to acknowledge receipt of any documentary credit message. When applicable, it may also explicitly indicate that the message has been forwarded according to instructions.

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Swift is a provider of secure message platform for financial institutions mainly for banks.

Swift messages are being sent 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 sends a swift message to an advising bank in order to inform issuance of a documentary credit. Similarly the advising bank sends its 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 payment, documentary collections, open accounts and bank payment obligations.

What is MT 730 Acknowledgement?

MT 730 is a special swift message type that is used used to acknowledge receipt of any documentary credit message.

When applicable, it may also explicitly indicate that the message has been forwarded according to instructions.

This message type may also be used: to account for bank charges and to advise of acceptance or rejection of an amendment of a credit.

MT 730 Acknowledgement

StatusTagField Name
M20Sender's Reference
M21Receiver's Reference
O25Account Identification
M30Date of Message Being Acknowledged
O32aAmount of Charges
O57aAccount With Bank
O71BCharges
O72Sender to Receiver Information
O : Optinal           M : Mandatory

MT 730 Network Validated Rules

  • C1 Either field 25 or 57a, but not both, may be present.
  • C2 If field 32D is present, field 57a must not be present.

Sample 1: MT 730 Acknowledgement SWIFT Message

SWIFT Message

Sender : EXPOBA2L

Message Type : 730

Receiver : IMBANL2A
Message Text

20: Sender’s Reference
IMP125658

21: Receiver’s Reference
ZAP82123

30: Date of Message Acknowledged
020621

72: Sender to Receiver Information
AT BENEFICIARY’S REQUEST WE ADDED OUR CONFIRMATION WE SHALL SETTLE OUR CHARGES LATER.
End of Message Text/Trailer

Sample 2 : MT 730 Acknowledgement SWIFT Message

SWIFT Message

Sender : AMCONL2A

Message Type : 730

Receiver : OELBATSW

Message Text

20 : Sender’s Reference
IMP145322

21 : Receiver’s Reference
EXP54321

30 : Date of Message Acknowledged
130821

32B : Amount of Charges
EUR420

57A : Account With Bank
CORBATSW

71B : Charges
/COMM/EUR400,/CABLE/EUR20,

72 : Sender to Receiver Information
WE ADDED OUR CONFIRMATION PLEASE PAY FOR ACCOUNT NUMBER 75016375 AT CORBATSW.
End of Message Text/Trailer

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