Category 4: Collections and cash letters
MT455 Cash Letter Credit Adjustment Advice
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The MT455 advises the account owner of an adjustment made to its account that relates to an earlier credit for a cash letter. The account servicing institution sends it, quoting the original amount (32A) and the adjustment (33a), which is a credit (33C) or a debit (33D), with the reason in 77A.
- Message type
- MT455
- Category
- 4
- Status
- In the current standard
- ISO 20022
- No direct equivalent
What MT455 is used for
Adjustments come from things like a miscalculation or a missing item in the cash letter. They are not used for dishonoured items: a cheque returned unpaid is advised with an MT456. The original credit was advised with an MT450.
- Sent by
- The account servicing institution (the correspondent)
- Sent to
- The account owner that sent the cash letter
MT455 format: sequences and fields
Message text (block 4)Mandatory
No sequences. The currency in 32A and 33a must be the same (rule C1, error C02).
| Tag | Name | Status | Format | Meaning |
|---|---|---|---|---|
| 20 | Transaction Reference Number | M | 16x | The sender’s reference for this advice. |
| 21 | Related Reference | M | 16x | The exact reference of the original cash letter. |
| 25 | Account Identification | O | 35x | The account debited or credited with the adjustment. |
| 30 | Date of Cash Letter | M | 6!n | Date the cash letter was prepared (YYMMDD). |
| 32A | Value Date and Original Amount | M | 6!n3!a15d | Value date, currency and amount of the original credit: the face value of the cash letter. |
| 33a | Value Date and Adjustment AmountOptions C or D | M | C: 6!n3!a15d D: 6!n3!a15d | Value date, currency and amount of the adjustment. Option C is a credit to the account owner, option D a debit. |
| 52a | Sender of Cash LetterOptions A, B or D | O | A: [/1!a][/34x] 4!a2!a2!c[3!c] B: [/1!a][/34x] [35x] D: [/1!a][/34x] 4*35x | The branch or affiliate that sent the cash letter, when it was not the account owner itself. |
| 77A | Reason for Adjustment | M | 20*35x | Each adjustment with its amount and reason. |
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.
All MT messages · Category 4 messages · ISO 20022 messages · Codes · Troubleshooting