Category 7: Documentary credits, guarantees and standby letters of credit
MT732 Advice of Discharge
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The MT732 tells the bank that presented documents under a documentary credit that documents received with discrepancies have been taken up. The issuing bank usually sends it after the applicant has accepted the discrepancies, and a nominated bank can send it to the bank from which it received the documents.
- Message type
- MT732
- Category
- 7
- Status
- In the current standard
- ISO 20022
- No direct equivalent
What MT732 is used for
When the documents do not comply, the issuing bank may hold them and ask the applicant whether it waives the discrepancies (often after an MT750 from the presenting bank or before sending an MT734 refusal). If the applicant accepts, the issuing bank takes up the documents and sends an MT732 so the presenting bank knows the drawing has been discharged.
Field 21 carries the presenting bank’s reference, field 30 the date of the covering letter under which the documents were sent, and field 32B the amount of the drawing without charges.
- Sent by
- The issuing bank, or a nominated bank
- Sent to
- The bank that presented the documents
MT732 format: sequences and fields
Message text (block 4)Mandatory
No sequences and no network validated rules.
| Tag | Name | Status | Format | Meaning |
|---|---|---|---|---|
| 20 | Sender's TRN | M | 16x | From the issuing bank, the credit number; from another bank, the credit number or its own reference. |
| 21 | Presenting Bank's Reference | M | 16x | The reference the presenting bank (the receiver) gave to the presentation. |
| 30 | Date of Advice of Payment/Acceptance/Negotiation | M | 6!n | The date of the covering letter under which the documents were sent (YYMMDD). |
| 32B | Amount of Utilisation | M | 3!a15d | Currency and amount of the drawing, without charges or deductions. |
| 72Z | Sender to Receiver Information | O | 6*35z | Further information for the receiver. |
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 in general use. Documentary credit messages in category 7 were not part of the November 2025 move of cross-border payment instructions to ISO 20022 and are still exchanged as MT on Swift.
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