MT 752 Examples

Example 1 Message A Advice of Discrepancy MT 750

Narrative

On 7 June 2003, Chemical Bank, New York issues its documentary credit number IMP 693/70224 to Deutsche Bank, Munich.

(To review the details of this credit, see the Example section of MT 742.)

The mugs were delivered to the forwarding agent and a sight draft was presented to Deutsche Bank, Munich. On 15 August 2003, after examining the documents, Deutsche Bank sends an MT 750 Advice of Discrepancy to Chemical Bank, New York, advising that the documents have been presented with the following discrepancy:

Deutsche Bank, Munich, requests authorisation (Reference DIS93708) to pay the draft for the full credit amount.

Information Flow

SWIFT Message

Explanation Format
Sender DEUTDEMM
Message Type 750
Receiver CHEMUS33
Message Text
Presenting Bank's Reference :20:DIS93708
Related Reference :21:IMP 693/70224
Principal Amount :32B:EUR95000,
Discrepancies :77A:THREE (3) COMMERCIAL INVOICES
INSTEAD OF FIVE (5) PRESENTED
End of Message Text/Trailer

Message B Authorisation to Pay, Accept or Negotiate

Narrative

On 16 August 2003, Chemical Bank, New York, sends Deutsche Bank, Munich an MT 752 Authorisation to Pay, Accept or Negotiate, advising it to pay and accept the draft.

Information Flow

SWIFT Message

Explanation Format
Sender CHEMUS33
Message Type 752
Receiver DEUTDEMM
Message Text
Documentary Credit Number :20:IMP 693/70224
Presenting Bank's Reference :21:DIS93708
Further Identification :23:ACCEPT
Date of Adv of Discrepancy :30:030815
End of Message Text/Trailer

Example 2 Message A Authorisation to Pay, Accept or Negotiate

Narrative

On 17 May 2002, Skandinaviska Enskilda Banken issues its documentary credit number DC.IMP 3410/3444 to Generale Bank, Brussels.

On 23 August 2003, Generale Bank request authorisation to accept the draft for the full credit amount.

(To review the MT 700, 701, 707 and 750 relating to this documentary credit, see the respective Example sections.)

On 25 August 2003, Skandinaviska Enskilda Banken authorises Generale Bank to accept the draft.

Information Flow

SWIFT Message

Explanation Format
Sender ESSESESS
Message Type 752
Receiver GEBABEBB
Message Text
Documentary Credit Number :20:DC.IMP 3410/3444
Presenting Bk's Reference :21:EXP98734
Further Identification :23:ACCEPT
Date of Advice of Discrep. :30:030823
End of Message Text/Trailer

Message B Reimbursement Claim

Narrative

On the maturity date of the draft, Generale Bank requests Manufacturers Hanover Trust Company to credit its account in reimbursement.

Commission charges of USD 36 have been added to the total amount of the credit.

Information Flow

SWIFT Message

Explanation Format
Sender GEBABEBB
Message Type 742
Receiver MAHAUS33
Message Text
Claiming Bank's Reference :20:EXP98734
Documentary Credit Number :21:DC.IMP 3410/3444
Issue Date of D/C :31C:030517
Issuing Bank :52A:ESSESESS
Principal Amount Claimed :32B:USD34750,
Charges :71B:/COMM/USD36,
Total Amount Claimed :34A:030918USD34786,
End of Message Text/Trailer