MT 710 Advice of a Third Bank’s or a Non-Bank’s Documentary Credit

MT 710 Scope

This message is sent by an advising bank, which has received a documentary credit from the issuing bank or the non-bank issuer, to the bank advising the beneficiary or another advising bank.

It is used to advise the Receiver about the terms and conditions of a documentary credit.

MT 710 Format Specifications

StatusTagField NameContent/OptionsNo.
M27Sequence of Total1!n/1!n1
M40BForm of Documentary Credit24x
24x
2
M20Sender’s Reference16x3
M21Documentary Credit Number16x4
O23Reference to Pre-Advice16x5
M31CDate of Issue6!n6
M40EApplicable Rules30x[/35x]7
M31DDate and Place of Expiry6!n29x8
O52aIssuing BankA or D9
O50BNon-Bank Issuer4*35x10
O51aApplicant BankA or D11
M50Applicant4*35x12
M59Beneficiary[/34x]
4*35x
13
M32BCurrency Code, Amount3!a15d14
O39APercentage Credit Amount Tolerance2n/2n15
O39BMaximum Credit Amount13x16
O39CAdditional Amounts Covered4*35x17
M41aAvailable With … By …A or D18
O42CDrafts at …3*35x19
O42aDraweeA or D20
O42MMixed Payment Details4*35x21
O42PDeferred Payment Details4*35x22
O43PPartial Shipments35x23
O43TTransshipment35x24
O44APlace of Taking in Charge/Dispatch from …/Place of Receipt65x25
O44EPort of Loading/Airport of Departure65x26
O44FPort of Discharge/Airport of Destination65x27
O44BPlace of Final Destination/For Transportation to …/Place of Delivery65x28
O44CLatest Date of Shipment6!n29
O44DShipment Period6*65x30
O45ADescription of Goods and/or Services100*65x31
O46ADocuments Required100*65x32
O47AAdditional Conditions100*65x33
O71BCharges6*35x34
O48Period for Presentation4*35x35
M49Confirmation Instructions7!x36
O53aReimbursing BankA or D37
O78Instructions to the Paying/Accepting/Negotiating Bank12*65x38
O57a‘Advise Through’ BankA, B, or D39
O72Sender to Receiver Information6*35x40

MT 710 Network Validated Rules

  • C1 Either field 39A or 39B, but not both, may be present (Error code(s): D05).
  • C2 When used, fields 42C and 42a must both be present (Error code(s): C90).
  • C3 Either fields 42C and 42a together, or field 42M alone, or field 42P alone may be present. No other combination of these fields is allowed (Error code(s): C90).
  • C4 Either field 44C or 44D, but not both, may be present (Error code(s): D06).
  • C5 Either field 52a “Issuing Bank” or field 50B “Non-Bank Issuer”, but not both, must be present (Error code(s): C06).

MT 710 Usage Rules

  • When the documentary credit message exceeds the maximum input message length, additional documentary credit information should be transmitted via one or more MT 711s. Up to three MT 711s may be sent in addition to the MT 710.
  • Unless otherwise specified, a documentary credit advised to the beneficiary or another advising bank based on a SWIFT message constitutes an operative credit instrument.
  • For freely negotiable documentary credits, if the Receiver does not further transmit the credit by another MT 710, it must add sentences to the effect that:
    • The advice to the beneficiary must be presented at each negotiation.
    • The negotiating bank must note each negotiation on that advice.
  • To avoid misunderstandings, where possible, banks are to use Identifier Codes rather than expressions such as ourselvesyourselvesus, or you.
  • If this message is used to advise a non-bank issued documentary credit, field 50B must be present.
  • The advising bank must advise a documentary credit, including all its details, in a way that is clear and unambiguous to the beneficiary