SWIFT 2018

MT 700 Series Standards Release Guide

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) organization provides the
global standardized messaging service within a secure environment in which Wells Fargo and our
correspondent banks send and receive payments, letters of credit (L/Cs), and other banking products.

In November 2018, the SWIFT organization is implementing the 2018 Standards Release (SR2018),
affecting a majority of the documentary credit message category (standby L/Cs are not impacted),
including the MT 700/701 (issuance), MT 707/708 (amendment), and other message types. We are
updating our systems to accommodate the changes, which will help us improve the processing of your
trade transactions.

Beginning November 18, 2018, you will see the changes in the SWIFT messages you receive from Wells
Fargo containing information sent to us by other banks. This guide provides an overview of the changes.

Message Types
Message MT Name Purpose
MT 700 Issue of a Documentary Credit This message is sent by the issuing bank to the advising
bank. It is used to indicate the terms and conditions of a
documentary credit that has been originated by the
Sender (issuing bank).
MT 701 Issue of a Documentary Credit This message is sent in addition to an MT 700 Issue of a
(continuation) Documentary Credit, when the information in the
documentary credit exceeds the maximum input message
length of the MT 700.
MT 707 Amendment to a Documentary Credit This message is sent by the issuing bank to the advising
bank. It may also be sent by an advising bank to another
advising bank or by a transferring bank to an advising
bank.

It is used to inform the Receiver about amendments to the

terms and conditions of a documentary credit issued by
the Sender or by a third bank.

The amendment is to be considered as part of the

documentary credit, unless the MT 707 is used to convey
only brief details of the amendment, details of which are
to follow.
MT 708 Amendment to a Documentary Credit This message is sent in conjunction with the MT 707
(continuation) message by the party that issues the amendment and
specifies the wording of the amendment.
MT 710 Advice of a Third Bank's Documentary This message is sent by an advising bank, which has
Credit received a documentary credit from the issuing bank or
the non-bank issuer, to the bank advising the beneficiary
or another advising bank.

© 2018 Wells Fargo Bank, N.A. All rights reserved. For public use. CEC_GEN-DOC_180323
SWIFT information is copyright S.W.I.F.T. SCRL.
 Message MT Name Purpose
It is used to advise the Receiver about the terms and
conditions of a documentary credit.
MT 711 Advice of a Third Bank's Documentary This message is sent in addition to an MT 710 Advice of a
Credit (continuation) Third Bank's or a Non-Bank's Documentary Credit, when
the information in the documentary credit exceeds the
maximum input message length of the MT 710.
MT 720 Transfer of a Documentary Credit When a beneficiary has requested the transfer of a
documentary credit – originally issued by a bank or a non-
bank – to a second beneficiary, this message is sent by
the bank authorized to advise the transfer of the
documentary credit to the bank advising the second
beneficiary.

It is used to advise the Receiver about the terms and

conditions of the transferred documentary credit, or part
thereof.
MT 721 Transfer of a Documentary Credit This message is sent in addition to an MT 720 Transfer of
(continuation) a Documentary Credit, when the information in the
documentary credit exceeds the maximum input message
length of the MT 720.

Notes
 New “Z” character set includes the following characters (the new permitted are characters are
highlighted in yellow):
o a b c d e f g h i j k l m n o p q r s t u v w x y z
o A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
o 0 1 2 3 4 5 6 7 8 9
o . , - ( ) / = ' + : ? ! “ % & * < > ; {
o @ # _
o CrLf Space
 Message Type Number (MT 7XX) and name are provided at the top of each table.
 Status indicates if the field is
o M = Mandatory
o O = Optional

 Tag is the field identification.

 Field Name is the detailed name of the tag for a particular message type.

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Details of Message Types and Tags

MT 700 – Issue of a Documentary Credit

Status Tag Number Tag Name Comments

M 27 Sequence of Total Sequence must be 1 and total not zero
M 40A Form of Documentary Credit Must contain one of the following codes:
 IRREVOCABLE
 IRREVOCABLE TRANSFERABLE
 IRREVOCABLE STANDBY
 IRREVOC TRANS STANDBY
Note: All codes that previously related to REVOCABLE
documentary credits have been removed.
M 20 Documentary Credit Number No change.
O 23 Reference to Pre-Advice No change.

MO 31C Date of Issue Field is now mandatory.

M 40E Applicable Rules No change.

M 31D Date and Place of Expiry No change.

O 51A Applicant Bank No change.

M 50 Applicant No change.

M 59 Beneficiary No change.

M 32B Currency Code, Amount No change.

O 39A Percentage Credit Amount No change.

Tolerance

O 39B Maximum Credit Amount Field has been removed.

O 39C Additional Amounts Covered No change.

M 41A Available With ... By ... No change.

O 42C Drafts at ... No change.

O 42A Drawee No change.

O 42M Mixed Payment Details No change.

O 42P Negotiation/DeferredDeferred Tag name has been re-labeled from “Deferred Payment
Payment Details Details.”

O 43P Partial Shipments Options today are:

 Permitted
 Not Permitted
After SWIFT 2018 changes the following codes will be
valid:
 Allowed
 Not Allowed
 Conditional (if Conditional, these will be specified
elsewhere in the message)

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 MT 700 – Issue of a Documentary Credit

Status Tag Number Tag Name Comments

O 43T TranshipmentTransshipment Options today are:
 Permitted
 Not Permitted
After SWIFT 2018 changes the following codes will be
valid:
 Allowed
 Not Allowed
 Conditional (if Conditional, these will be specified
elsewhere in the message)
O 44A Place of Taking in No change.
Charge/Dispatch from
.../Place of Receipt
O 44E Port of Loading/Airport of No change.
Departure

O 44F Port of Discharge/Airport of No change.

Destination

O 44B Place of Final Destination/For No change.

Transportation to …/Place of
Delivery
O 44C Latest Date of Shipment No change.

O 44D Shipment Period No change.

O 45A Description of Goods and/or Introduction of the “Z” character set.

Services

O 46A Documents Required Introduction of the “Z” character set.

O 47A Additional Conditions Introduction of the “Z” character set.

O 49G Special Payment Conditions New tag. Specifies any special payment conditions
for Beneficiary applicable to the beneficiary.
O 49H Special Payment Conditions New tag. Specifies special payment conditions applicable
for Receiving Bank to the receiving bank without disclosure to the beneficiary;
for example, post-financing request/conditions for
receiving bank only.
O 71D Charges Introduction of the “Z” character set.
O 48 Period for Presentation in Specifies the number of calendar days after the date of
Days shipment within which the documents must be presented
for payment, acceptance, or negotiation.

The narrative must only be used to specify another type of

date than a shipment date (for example, invoice date)
from which the period for presentation begins.
M 49 Confirmation Instructions No change.
O 58a Requested Confirmation Party New tag. Stipulates the bank that is requested to add its
confirmation or may add its confirmation.
O 53a Reimbursing Bank No change.

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 MT 700 – Issue of a Documentary Credit

Status Tag Number Tag Name Comments

O 78 Instructions to the No change.
Paying/Accepting/Negotiating
Bank

O 57A Advise Through Bank No change.

O 72Z72 Sender to Receiver Introduction of the 'Z' character set

Information

MT 701 – Issue of a Documentary Credit (MT 700 Continuation Message)

Status Tag Number Tag Name Comments

M 27 Sequence of Total No change.
M 20 Documentary Credit Number No change.
O 45A 45B Description of Goods and/or Introduction of the “Z” character set.
Services
O 46A 46B Documents Required Introduction of the “Z” character set.
O 47A 47B Additional Conditions Introduction of the “Z” character set.

O 49G Special Payment Conditions New Tag. Specifies special payment conditions applicable
for Beneficiary to the beneficiary.
O 49H Special Payment Conditions New Tag. Specifies special payment conditions applicable
for Receiving Bank to the receiving bank without disclosure to the beneficiary.

MT 707 – Amendment to a Documentary Credit

Status Tag Number Tag Name Comments
M 27 Sequence of Total No change.
M 20 Sender's Reference No change.
M 21 Receiver's Reference No change.
MO 23 Issuing Bank's Reference Field is now mandatory and will be carried forward from
issuance event.
M 26E Number of Amendment Field change. Amendment count incremented to allow up
to 999 amendments.
O 52a Issuing Bank No change.
O 50B Non-Bank Issuer No change.
MO 31C Date of Issue Field is now mandatory and will be carried forward from
issuance event.
M 26E Number of Amendment Field change. Amendment count incremented to allow up
to 999 amendments.
MO 30 Date of Amendment No change.
M 22A Purpose of Message Introduction of three codes:
 ACNF: Advice and confirmation of the credit
amendment.
 ADVI: Advice of the credit amendment
 ISSU: Issuance of the credit amendment

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 MT 707 – Amendment to a Documentary Credit
Status Tag Number Tag Name Comments
O 23S Cancellation Request Introduction of code CANCEL. It is a request to cancel
the instrument.
O 40A Form of Documentary Credit This field specifies the type of credit, if changed. May
contain one of the following:
 IRREVOCABLE
 IRREVOCABLE TRANSFERABLE
 IRREVOCABLE STANDBY
 IRREVOC TRANS STANDBY
Note: All codes that previously related to REVOCABLE
documentary credits have been removed.
O 40E Applicable Rules This field specifies the rules the credit is subject to, if
changed. Should contain one of the following codes:
 EUCP LATEST VERSION
 EUCPURR LATEST VERSION
 ISP LATEST VERSION
 OTHR
 UCP LATEST VERSION
 UCPURR LATEST VERSION
O 31D Date and Place of Expiry Label change. This field specifies the latest date for
presentation under the documentary credit and the place
where documents may be presented, if changed.
O 50 Changed Applicant Details This field specifies the party on behalf of which the
documentary credit is being issued, if details have
changed.
OM 59 Beneficiary (before this Label change. This field specifies the new party in favor
amendment) of which the documentary credit is issued, if changed.
Field is now optional (previously mandatory).
O 31E New Date of Expiry Field has been removed.
O 32B Increase of Documentary Credit No change.
Amount
O 33B Decrease of Documentary No change.
Credit Amount

O 34B New Documentary Credit Field has been removed.

Amount After Amendment
O 39A Percentage Credit Amount No change.
Tolerance

O 39B Maximum Credit Amount Field has been removed.

O 39C Additional Amounts Covered No change.
O 41A Available With ... By ... This field identifies the bank with which the credit is
available (the place for presentation) and an indication of
how the credit is available, if these elements have
changed.
O 42C Drafts at ... This field specifies the tenor of drafts to be drawn under
the documentary credit, if changed.
O 42a Drawee This field identifies the drawee of the drafts to be drawn
under the documentary credit, if changed.

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 MT 707 – Amendment to a Documentary Credit
Status Tag Number Tag Name Comments
O 42M Mixed Payment Details This field specifies the payment dates, amounts, and/or
method for their determination in a documentary credit
that is available by mixed payment, if these elements
have changed.
O 42P Negotiation/Deferred Payment Tag name has been re-labeled from “Deferred Payment
Details Details.”

O 43P Partial Shipments Options today are:

 Permitted
 Not Permitted
After SWIFT 2018 changes the following codes will be
valid:
 Allowed
 Not Allowed
 Conditional (if Conditional, these will be specified
elsewhere in the message)
O 43T Transhipment Options today are:
 Permitted
 Not Permitted
After SWIFT 2018 changes the following codes will be
valid:
 Allowed
 Not Allowed
 Conditional (if Conditional, these will be specified
elsewhere in the message)
O 44A Place of Taking in No change.
Charge/Dispatch from .../Place
of Receipt
O 44E Port of Loading/Airport of No change.
Departure
O 44F Port of Discharge/Airport of No change.
Destination
O 44B Place of Final Destination/For No change.
Transportation to …/Place of
Delivery
O 44C Latest Date of Shipment No change.
O 44D Shipment Period No change.
O 45B Description of Goods and/or Tag expanded to adopt the extended “Z’” character set.
Services One or more of the following codes can appear on this
field:
 ADD: Will be followed by the text to be added (a
sentence, paragraph, or line item).
 DELETE: Will be followed by the text to be deleted
(a sentence, paragraph, or line item).
 REPALL: Will be followed by the text that replaces
all text in same field from all previous
amendments.

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 MT 707 – Amendment to a Documentary Credit
Status Tag Number Tag Name Comments
O 46B Documents Required Tag expanded to adopt the extended “Z’” character set.
One or more of the following codes can appear on this
field:
 ADD: Will be followed by the text to be added (a
sentence, paragraph, or line item).
 DELETE: Will be followed by the text to be deleted
(a sentence, paragraph, or line item).
 REPALL: Will be followed by the text that replaces
all text in same field from all previous amendments.
O 47B Additional Conditions Tag expanded to adopt the extended “Z’” character set.
One or more of the following codes can appear on this
field:
 ADD: Will be followed by the text to be added (a
sentence, paragraph, or line item).
 DELETE: Will be followed by the text to be deleted
(a sentence, paragraph, or line item).
 REPALL: Will be followed by the text that replaces
all text in same field from all previous amendments.
O 49M Special Payment Conditions for New tag. Specifies special payment conditions applicable
Beneficiary to the beneficiary. One or more of the following codes
can appear on this field:
 ADD: Will be followed by the text to be added (a
sentence, paragraph, or line item).
 DELETE: Will be followed by the text to be deleted
(a sentence, paragraph, or line item).
 REPALL: Will be followed by the text that replaces
all text in same field from all previous amendments.
O 49N Special Payment Conditions for New tag. Specifies special payment conditions applicable
Receiving Bank to the receiving bank without disclosure to the
beneficiary. One or more of the following codes can
appear on this field:
 ADD: Will be followed by the text to be added (a
sentence, paragraph, or line item).
 DELETE: Will be followed by the text to be deleted
(a sentence, paragraph, or line item).
 REPALL: Will be followed by the text that replaces
all text in same field from all previous amendments.
O 71D Charges Introduction of the “Z” character set. It may also contain
one or more of the following codes:
 AGENT: Agent's Commission
 COMM: Our Commission
 CORCOM: Our Correspondent's Commission
 DISC: Commercial Discount
 INSUR: Insurance Premium
 POST: Our Postage
 STAMP: Stamp Duty

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 MT 707 – Amendment to a Documentary Credit
Status Tag Number Tag Name Comments
 TELECHAR: Tele-transmission Charges
 WAREHOUS: Wharfing and Warehouse
O 71N Amendment Charge Payable By This field specifies the party responsible for this
amendment charge. It must contain one of the following
codes:
 APPL: Applicant
 BENE: Beneficiary
 OTHR: Other party
O 48 Period for Presentation in Days Specifies the number of calendar days after the date of
shipment within which the documents must be presented
for payment, acceptance or negotiation.

The narrative must only be used to specify another type

of date than a shipment date (for example, invoice date)
from which the period for presentation begins.
O 49 Confirmation Instructions This field contains confirmation instructions for the
requested confirmation party, if changed.
O 58a Requested Confirmation Party New tag. Stipulates the bank that is requested to add its
confirmation or may add its confirmation. It must contain
one of the following codes:
 CONFIRM: The requested confirmation party is
requested to confirm the credit
 MAY ADD: The requested confirmation party may
add its confirmation to the credit
 WITHOUT: No confirmation is requested
O 53a Reimbursing Bank This field specifies the name of the bank that has been
authorized by the Sender to reimburse drawings under
the documentary credit, if changed. This may be a
branch of the Sender or the Receiver, or an entirely
different bank.
O 78 79 Instructions to the This field specifies instructions to the paying, accepting,
Paying/Accepting/Negotiating or negotiating bank, if changed.
Bank
O 57A Advise Through' Bank This field identifies the bank, if different from the
Receiver, through which the documentary credit
amendment is to be advised to the beneficiary.
O 72Z72 Sender to Receiver Information Introduction of the “Z” character set. One or more of the
following codes may be used:
 PHONBEN: Telephone beneficiary. Please
advise/contact beneficiary by phone.
 TELEBEN: Telecommunication. Please advise the
beneficiary by the most efficient means of
telecommunication.

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 MT 708 – Amendment to a Documentary Credit (MT 707 Continuation Message)
Status Tag Number Tag Name Comments
M 27 Sequence of Total Specifies the MT 708 sequence number in a series of
continuation messages, up to a maximum of seven
messages total. For example, 2/5 indicates that this is
the second message in a series of five.
M 20 Sender's Reference Specifies the reference assigned by the Sender to
unambiguously identify the message.
M 23 Issuing Bank's Reference Specifies the documentary credit number assigned by the
issuing bank.
M 26E Number of Amendment Specifies the sequence number of the amendment.
M 30 Date of Amendment Date when amendment was issued.
O 45B Description of Goods and/or One or more of the following codes can appear on this
Services field:
 ADD: Will be followed by the text to be added (a
sentence, paragraph, or line item).
 DELETE: Will be followed by the text to be deleted
(a sentence, paragraph, or line item).
 REPALL: Will be followed by the text that replaces
all text in same field from all previous amendments.
Field allows for the extended “Z” character set as
described above.
O 46B Documents Required One or more of the following codes can appear on this
field:
 ADD: Will be followed by the text to be added (a
sentence, paragraph, or line item).
 DELETE: Will be followed by the text to be deleted
(a sentence, paragraph, or line item).
 REPALL: Will be followed by the text that replaces
all text in same field from all previous amendments.
Field allows for the extended “Z” character set as
described above.
O 47B Additional Conditions One or more of the following codes can appear on this
field:
 ADD: Will be followed by the text to be added (a
sentence, paragraph, or line item).
 DELETE: Will be followed by the text to be deleted
(a sentence, paragraph, or line item).
 REPALL: Will be followed by the text that replaces
all text in same field from all previous amendments.
Field allows for the extended “Z” character set as
described above.
O 49M Special Payment Conditions for One or more of the following codes can appear on this
Beneficiary field:
 ADD: Will be followed by the text to be added (a
sentence, paragraph, or line item).
 DELETE: Will be followed by the text to be deleted
(a sentence, paragraph, or line item).

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 MT 708 – Amendment to a Documentary Credit (MT 707 Continuation Message)
Status Tag Number Tag Name Comments
 REPALL: Will be followed by the text that replaces
all text in same field from all previous amendments.
Field allows for the extended “Z” character set as
described above.
O 49N Special Payment Conditions for Specifies special payment conditions applicable to the
Receiving Bank receiving bank without disclosure to the beneficiary.

MT 710 - Advice of a Third Bank's Documentary Credit

Status Tag Number Tag Name Comments

M 27 Sequence of Total No change.
M 40B Form of Documentary Credit This field specifies the type of credit, if changed. May
contain one of the following:
 IRREVOCABLE
 IRREVOCABLE TRANSFERABLE
 IRREVOCABLE STANDBY
 IRREVOC TRANS STANDBY
Note: All codes that previously related to REVOCABLE
documentary credits have been removed.
M 20 Sender's Reference No change.
M 21 Documentary Credit Number No change.
M 23 Reference to Pre-Advice No change.
MO 31C Date of Issue Field is now mandatory.
M 40E Applicable Rules No change.
M 31D Date and Place of Expiry No change.
O 52a Issuing Bank No change.
O 50B Non-Bank Issuer No change.
O 51a Applicant Bank No change.
M 50 Applicant No change.

M 59 Beneficiary No change.
M 32B Currency Code, Amount No change.

O 39A Percentage Credit Amount No change.

Tolerance
O 39B Maximum Credit Amount Field has been removed.
O 39C Additional Amounts Covered No change.
M 41a Available With ... By ... No change.
O 42C Drafts at ... No change.

O 42a Drawee No change.

O 42M Mixed Payment Details No change.
O 42P Negotiation/DeferredDeferred Field has been re-labeled.
Payment Details

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 MT 710 - Advice of a Third Bank's Documentary Credit

Status Tag Number Tag Name Comments

O 43P Partial Shipments Options today are:
 Permitted
 Not Permitted
After SWIFT 2018 changes the following codes will be valid:
 Allowed
 Not Allowed
 Conditional (if Conditional, these will be specified
elsewhere in the message)
O 43T TranshipmentTransshipment Options today are:
 Permitted
 Not Permitted
After SWIFT 2018 changes the following codes will be valid:
 Allowed
 Not Allowed
 Conditional (if Conditional, these will be specified
elsewhere in the message)
O 44A Place of Taking in No change.
Charge/Dispatch from
.../Place of Receipt
O 44E Port of Loading/Airport of No change.
Departure
O 44F Port of Discharge/Airport of No change.
Destination
O 44B Place of Final Destination/For No change.
Transportation to …/Place of
Delivery
O 44C Latest Date of Shipment No change.

O 44D Shipment Period No change.

O 45A Description of Goods and/or Tag expanded to adopt the extended “Z’” character set.
Services
O 46A Documents Required Tag expanded to adopt the extended “Z’” character set.
One or more of the following codes can appear on this field:
 ADD: Will be followed by the text to be added (a
sentence, paragraph, or line item).
 DELETE: Will be followed by the text to be deleted (a
sentence, paragraph, or line item).
 REPALL: Will be followed by the text that replaces all
text in same field from all previous amendments.
O 47A Additional Conditions Tag expanded to adopt the extended “Z’” character set.
One or more of the following codes can appear on this field:
 ADD: Will be followed by the text to be added (a
sentence, paragraph, or line item).
 DELETE: Will be followed by the text to be deleted (a
sentence, paragraph, or line item).
 REPALL: Will be followed by the text that replaces all
text in same field from all previous amendments.

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 MT 710 - Advice of a Third Bank's Documentary Credit

Status Tag Number Tag Name Comments

O 49G Special Payment Conditions New Tag. Specifies special payment conditions applicable to
for Beneficiary the beneficiary.
O 49H Special Payment Conditions New Tag. Specifies special payment conditions applicable to
for Receiving Bank the receiving bank without disclosure to the beneficiary.
O 71D 71B Charges Introduction of the “Z” character set. This field may be used
only to specify charges to be borne by the beneficiary.
O 48 Period for Presentation in Specifies the number of calendar days after the date of
Days shipment within which the documents must be presented.
M 49 Confirmation Instructions This field contains confirmation instructions from the issuing
bank for the requested confirmation party. Instruction must
contain one of the following codes.
 CONFIRM: The requested confirmation party is
requested to confirm the credit
 MAY ADD: The requested confirmation party may
add its confirmation to the credit
 WITHOUT: No confirmation is requested
O 58a Requested Confirmation Party New Tag. Stipulates Bank which is requested to add its
confirmation or may add its confirmation.
O 53a Reimbursing Bank No change.
O 78 Instructions to the No change.
Paying/Accepting/Negotiating
Bank
O 57a Advise Through' Bank No change.
O 72Z72 Sender to Receiver Introduction of the “Z” character set.
Information

MT 711 - Advice of a Third Bank's Documentary Credit (MT 710 Continuation Message)

Status Tag Number Tag Name Comments

M 27 Sequence of Total Sequence must be 2 or higher, up to 8 continuation
messages now officially allowed.

M 20 Sender's Reference No change.

M 21 Documentary Credit Number No change.
O 45A 45B Description of Goods and/or Tag 45A replaces tag 45B and introduces “Z” character set.
Services
O 46A 46B Documents Required Introduction of the “Z” character set.

O 47A 47B Additional Conditions Introduction of the “Z” character set.

O 49G Special Payment Conditions for New Tag. Specifies special payment conditions applicable to
Beneficiary the beneficiary.
O 49H Special Payment Conditions for New Tag. Specifies special payment conditions applicable to
Receiving Bank the receiving bank without disclosure to the beneficiary.

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 MT 720 - Transfer of a Documentary Credit

Status Tag Number Tag Name Comments

M 27 Sequence of Total No change.
M 40B Form of Documentary Credit This field specifies the type of credit, if changed. May
contain one of the following:
 IRREVOCABLE
 IRREVOCABLE TRANSFERABLE
 IRREVOCABLE STANDBY
 IRREVOC TRANS STANDBY
Note: All codes that previously related to REVOCABLE
documentary credits have been removed.
M 20 Transferring Bank's Reference No change.

M 21 Documentary Credit Number No change.

MO 31C Date of Issue Field is now mandatory.

M 40E Applicable Rules No change.
M 31D Date and Place of Expiry No change.
O 52a Issuing Bank of the Original No change.
Documentary Credit

O 50B Non-Bank Issuer of the No change.

Original Documentary Credit

M 50 First Beneficiary No change.

M 59 Second Beneficiary No change.

M 32B Currency Code, Amount No change.

O 39A Percentage Credit Amount No change.

Tolerance
O 39B Maximum Credit Amount Field has been removed.
O 39C Additional Amounts Covered No change.
M 41a Available With ... By ... No change.
O 42C Drafts at ... No change.

O 42a Drawee No change.

O 42M Mixed Payment Details No change.
O 42P Negotiation/DeferredDeferred Field has been relabeled.
Payment Details

O 43P Partial Shipments Options today are:

 Permitted
 Not Permitted
After SWIFT 2018 changes the following codes will be
valid:
 Allowed
 Not Allowed

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 MT 720 - Transfer of a Documentary Credit

Status Tag Number Tag Name Comments

 Conditional (if Conditional, these will be specified
elsewhere in the message)
O 43T TranshipmentTransshipment Options today are:
 Permitted
 Not Permitted
After SWIFT 2018 changes the following codes will be
valid:
 Allowed
 Not Allowed
 Conditional (if Conditional, these will be specified
elsewhere in the message)
O 44A Place of Taking in No change.
Charge/Dispatch from .../Place
of Receipt
O 44E Port of Loading/Airport of No change.
Departure
O 44F Port of Discharge/Airport of No change.
Destination
O 44B Place of Final Destination/For No change.
Transportation to …/Place of
Delivery
O 44C Latest Date of Shipment No change.
O 44D Shipment Period No change.
O 45A Description of Goods and/or Introduction of the “Z” character set.
Services
O 46A Documents Required Introduction of the “Z” character set.
O 47A Additional Conditions Introduction of the “Z” character set.
O 49G Special Payment Conditions for New Tag. Specifies special payment conditions
Beneficiary applicable to the beneficiary.
O 49H Special Payment Conditions for New Tag. Specifies special payment conditions
Receiving Bank applicable to the receiving bank without disclosure to
the beneficiary.
O 71D 71B Charges Introduction of the “Z” character set.
O 48 Period for Presentation in Days Specifies the number of calendar days after the date of
shipment within which the documents must be
presented.
M 49 Confirmation Instructions No change.
O 58a Requested Confirmation Party New Tag. Stipulates Bank which is requested to add its
confirmation or may add its confirmation.
O 78 Instructions to the No change.
Paying/Accepting/Negotiating
Bank
O 57a Advise Through' Bank No change.
O 72Z72 Sender to Receiver Introduction of the “Z” character set. Involves bank-to-
Information bank information.

SWIFT 2018 MT 700 Series Standards Release Guide page 15 of 16

SWIFT information is copyright S.W.I.F.T. SCRL.
 MT 721- Transfer of a Documentary Credit (continuation)

Status Tag Number Tag Name Comments

M 27 Sequence of Total Sequence must be 2 or higher, up to 8 continuation
messages now officially allowed.
M 20 Transferring Bank’s Reference No change.
M 21 Documentary Credit Number No change.
O 45A 45B Description of Goods and/or Introduction of the “Z” character set.
Services
O 46A 46B Documents Required Introduction of the “Z” character set.

O 47A 47B Additional Conditions Introduction of the “Z” character set.

O 49G Special Payment Conditions for New Tag. Specifies special payment conditions
Beneficiary applicable to the beneficiary.
O 49H Special Payment Conditions for New Tag. Specifies special payment conditions
Receiving Bank applicable to the receiving bank without disclosure to
the beneficiary.

SWIFT 2018 MT 700 Series Standards Release Guide page 16 of 16

SWIFT information is copyright S.W.I.F.T. SCRL.