{"id":2572,"date":"2018-09-19T04:46:17","date_gmt":"2018-09-19T08:46:17","guid":{"rendered":"http:\/\/www.letterofcredit.biz\/?p=2572"},"modified":"2023-09-03T09:16:33","modified_gmt":"2023-09-03T13:16:33","slug":"field-42p-deferred-payment-details","status":"publish","type":"post","link":"https:\/\/www.letterofcredit.biz\/index.php\/2018\/09\/19\/field-42p-deferred-payment-details\/","title":{"rendered":"Field 42P: Negotiation\/Deferred Payment Details"},"content":{"rendered":"<p><strong>What is Field 42P: Negotiation\/Deferred Payment Details?<\/strong><\/p>\n<p>Field 42P: Negotiation\/Deferred Payment Details is a field in MT 700 swift message type that is used to specify the payment date or method for its determination in a documentary credit which is available by deferred payment or negotiation only.<\/p>\n<p>This is an optional field.<\/p>\n<p>A credit must state whether it is available by sight payment, deferred payment, acceptance or negotiation.<\/p>\n<p>By nominating a bank to accept a draft or incur a deferred payment undertaking, an issuing bank authorizes that nominated bank to prepay or purchase a draft accepted or a deferred payment undertaking incurred by that nominated bank.<\/p>\n<p><strong>MT 700<\/strong><br \/>\n<strong>Field 42P: Negotiation\/Deferred Payment Details:<\/strong><\/p>\n<p><strong>DEFINITION<\/strong><br \/>\nThis field specifies the payment date or method for its determination in a documentary credit which is available by deferred payment or negotiation only.<\/p>\n<p><strong>CONDITIONAL RULES<\/strong><br \/>\nEither fields 42C and 42a together, or field 42M alone, or field 42P alone may be present. No other combination of these fields is allowed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is Field 42P: Negotiation\/Deferred Payment Details? Field 42P: Negotiation\/Deferred Payment Details is a field in MT 700 swift message type that is used to specify the payment date or method for its determination in a documentary credit which is<\/p>\n","protected":false},"author":1,"featured_media":2575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[273,231],"tags":[294,276,238,239],"class_list":["post-2572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mt-700-issue-of-a-documentary-credit","category-swift-messages","tag-field-42p-deferred-payment-details","tag-mt-700-issue-of-a-documentary-credit","tag-swift","tag-swift-messages"],"_links":{"self":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/2572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/comments?post=2572"}],"version-history":[{"count":0,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/2572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media\/2575"}],"wp:attachment":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}