MT 750 Advice of Discrepancy

MT 750 is a special swift message type that is sent by the bank to which documents have been presented, to the issuing bank. It is used to advise the Receiver that documents which have been presented are not in accordance with the terms and conditions of the credit. The MT 750 is a request for authorization to take up documents.

Ozgur Eker (CDCS)

9 October 2018

27864

Swift is a provider of secure message platform for financial institutions mainly for banks.

Swift messages are being sent and received by banks in encrypted forms. As a result swift messages are accepted as a valid and reliable way of communication between banks.

For example, an issuing bank sends a swift message to an advising bank in order to inform issuance of a documentary credit. Similarly the advising bank sends its acknowledgement via a swift message.

Swift messages play a key role not only in letters of credit but also other payment methods in international trade such as cash in advance payment, documentary collections, open accounts and bank payment obligations.

What is MT 750 Advice of Discrepancy?

MT 750 is a swift message type that is sent by the bank to which documents have been presented, to the issuing bank.

It may also be sent to a bank nominated to pay/accept/negotiate/incur a deferred payment undertaking.

It is used to advise the Receiver that documents which have been presented are not in accordance with the terms and conditions of the credit.

The MT 750 is a request for authorization to take up documents. Authorization may be provided using an MT 752 Authorisation to Pay, Accept or Negotiate; a negative reply to the request may be provided using an MT 796 Answers.