What is Field 71B: Charges?
Field 71B: Charges is a field in MT 700 swift message type that is used to specify charges to be borne by the beneficiary.

MT 700 
Field 71B: Charges :
This field may be used only to specify charges to be borne by the beneficiary.
  • In the absence of this field, all charges, except negotiation and transfer charges, are to be borne by the applicant.
  • Any code used in this field must be between slashes and must appear at the beginning of a line.
  • Narrative text must not begin with a slash and, if used, must begin on a new line and be the last information in the field.

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  • Field 71B: Charges :

  • This field may be used only to specify charges to be borne by the beneficiary.
Option B (Narrative)
In addition to narrative text, the following line formats may be used:
  • CODES One or more of the following codes may be used, followed by the currency code and amount:
AGENT Agent's commission
COMM Our commission
CORCOM Our correspondent's commission
DISC Commercial discount
INSUR Insurance premium
POST Our postage
STAMP Stamp duty
TELECHAR Teletransmission charges
WAREHOUS Wharfing and warehouse
Sample Field 71B: Charges
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