Best Trade Solution

hi all,
I have a question about following "SWIFT MT 734 "

MT734
M 20 Sender's TRN 16x 1
M 21 Presenting Bank's Reference 16x 2
M 32A Date and Amount of Utilisation 6!n3!a15d 3
O 73 Charges Claimed 6*35x 4
O 33a Total Amount Claimed A or B 5
O 57a Account With Bank A, B, or D 6
O 72 Sender to Receiver Information 6*35x 7
M 77J Discrepancies 40*35x 8
M 77B Disposal of Documents 3*35x 9

first scenario : nominated bank has honoured docs and debited issuing bank acc.for EUR100000.00 and sent docs. to issuing bank.issung bank found DOCs. discrepant and refused it by MT 734. this bank, by the way, claimed EUR 50 beeing discrepancy charges as per L/C terms.

second scenario: nominated bank has sent docs. for EUR100000.00 to issuing bank without payment (by approval) and asked issuing bank to authorize it for payment.issung bank found DOCs. discrepant and refused it by MT 734. this bank, by the way, claimed EUR 50 beeing discrepancy charges as per L/C terms.
I would appretiate any one to fill the feilds 32a , 73 , 33a or 33b in MT 734 for both scenario.

ISN,T THERE ANY BODY TO HELP ME?

dont get angry dear i was just waiting for picant to answer this question. he can give you the perfect answer. i have tried this series few times though

32a: 090203 USD 100000
73: PLEASE REMIT USD 50 AS DISCREPANCY CHARGES AND USD 25
AS POSTAGE CHARGES IN OUR FAVOR URGENTLY
(if 73 is there, 33 must be there)
33a:Option B: USD 75,00

Hi Pals,

I thank ILC being confident in my answer: In effect I had some problems during last week and I could not concentrate in Forum post:
Tomorrow I will check the Swift book 7, about this message.
Please wait a little.

Ciao

Hi all,

According to Swift user handbook, those fields are defined as below:

F32a: This field specifies the date of the covering letter under which the docs were sent, followed by the currency code and amount of the drawing.
So, + first scenario: F32a: yymmdd EUR 100000
+ second scenario: F32a: yymmdd EUR 100000

F73: This field specifies the charges claimed by the sender, if any
The structured line format may be used for bilaterally agreed codes. Any code used in this field must be between slashes and must appear at the beginning of a line
So, + first scenario: F73: /CHARGE/USD50
+ second scenario: F73: /CHARGE/USD50

F33: This field contains the currency code and amount claimed, including charges, by the sender of the message.
When the amount claimed has been debited, option A must be used, specifying the value date of the debit
When reimbursement of the amount claimed is requested, option B must be used.
So, + Option A: F73a: yymmddEUR 100050
+ Option B: F73b: EUR100050

Regards

thanks all , specialy ilc,picant and silver.but still I am waiting Picant,s answer. your answers are very important for me because it is used in a wrong way in a bank and I want availing your correct view to change it.

Hi Pals,

I checked the SWIFT Book and various above posts , I agreed with Silver except for F33, in option A, being a reversal of debit entry + charges we must indicate yymmdd EUR 100050, in option B, EUR 50, , where option A is first scenario and option B the second scenario, moreover it better to indicate charges in the same currency.

Other comments appreciated.

Ciao

"dont get angry dear i was just waiting for picant to answer this question. he can give you the perfect answer. i have tried this series few times though

32a: 090203 USD 100000
73: PLEASE REMIT USD 50 AS DISCREPANCY CHARGES AND USD 25
AS POSTAGE CHARGES IN OUR FAVOR URGENTLY
(if 73 is there, 33 must be there)
33a:Option B: USD 75,00"

PLEASE NOTE THAT THE CURRENCY IS IN EURO , OTHERWISE YOU WILL BE SENDING A WRONG MT 734.