Category 4: Collections and cash letters
MT422 Advice of Fate and Request for Instructions
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The MT422 advises the remitting bank of the fate (the current status) of one or more collection documents held by the collecting bank. Because such an advice usually raises questions or requests, the same message carries them in field 75, and answers in field 76. It is the reply to an MT420 tracer.
- Message type
- MT422
- Category
- 4
- Status
- In the current standard
- ISO 20022
- No direct equivalent
What MT422 is used for
The collecting bank sends it to the remitting bank, or to another collecting bank, for example to say that the drawee has asked for more time or that the goods are not yet cleared, and to ask how to proceed. At least one of fields 72, 75 and 76 must be present (rule C2, error C10).
One MT422 can refer to up to ten amounts of the same collection when the queries or answers are the same, all in one currency.
- Sent by
- The collecting bank
- Sent to
- The remitting bank (or another collecting bank)
MT422 format: sequences and fields
Repetitive part (one per amount)Mandatory, repeatable
Repeated up to ten times (rule C1, error T10). The currency in 32a must be the same in every repetition (rule C3, error C02).
| Tag | Name | Status | Format | Meaning |
|---|---|---|---|---|
| 20 | Sending Bank’s TRN | M | 16x | The collection number given by the sender, the collecting bank. |
| 21 | Related Reference | M | 16x | The receiver’s collection number. |
| 32a | Amount of CollectionOptions A, B or K | O | A: 6!n3!a15d B: 3!a15d K: 1!a3!n2!a3!a15d | Maturity date or period, currency and amount of the collection the query or answer refers to. |
Closing fieldsMandatory
Appear once, after the repetitive part. At least one of 72, 75 and 76 must be present (rule C2, error C10).
| Tag | Name | Status | Format | Meaning |
|---|---|---|---|---|
| 72 | Sender to Receiver Information | C | 6*35x | Additional information for the receiver. |
| 75 | Queries | C | 6*35x | Questions or requests about the collection. |
| 76 | Answers | C | 6*35x | Answers about the collection. |
Format notation: n digits, a upper-case letters, c upper-case letters and digits, x any character of the Swift character set, d a decimal number with a comma, ! fixed length, [ ] optional, 4*35x up to 4 lines of 35 characters. M mandatory, O optional, C conditional (a rule decides).
ISO 20022
No ISO 20022 equivalent: Swift’s MT and MX equivalence table lists none for this message. Collection and cash letter messages in category 4 were not part of the CBPR+ migration of cross-border payment instructions and remain MT messages on Swift.
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