Category 4: Collections and cash letters
MT491 Request for Payment of Charges, Interest and Other Expenses
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MT491 is the category 4 version of the common group message that requests payment of charges, interest and other expenses. A bank sends it to the institution it believes owes those amounts, for example charges incurred while handling an earlier collections message, and the receiver pays or queries the claim.
- Message type
- MT491
- Category
- 4
- Status
- In the current standard
- ISO 20022
- No direct equivalent
What MT491 is used for
The request names the earlier message the charges relate to, the amounts and how to pay them. The category digit routes it to the team that handled the original business. The category 1 version has its own page: MT191.
- Sent by
- The institution claiming the charges
- Sent to
- The institution asked to pay them
Fields
This is a catalogue entry: the field-by-field structure is not shown here because we publish structures only where we have checked them against public sources. Paste an MT491 into the parser to see each field decoded with its tag, name and value.
ISO 20022
There is no ISO 20022 message for this category’s version in general use.
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