What is MT 752 MT 754 and MT 799?

Answer 1

MT 752 Authorisation to Pay, Accept or Negotiate This message is sent by the issuing bank, or the nominated bank if so authorised by the issuing bank, to a paying/accepting/ negotiating bank in response to a request for authorisation to pay/accept/negotiate/incur a deferred payment undertaking previously requested via an MT 750 Advice of Discrepancy or otherwise. It is used to advise the Receiver that documents may be taken up, notwithstanding the discrepancies, provided they are otherwise in order. Primarily a message used to send acceptance for usnace LC documents MT 754 Advice of Payment/Acceptance/Negotiation This message is sent by the paying, accepting or negotiating bank, or the bank incurring a deferred payment undertaking, to the issuing bank. It may also be sent by the bank to which documents have been presented to a bank that has been nominated to pay/accept. It is used to advise the Receiver that documents were presented in accordance with the credit terms and are being forwarded s instructed. The MT 754 may also be used: for the settlement of the payment/negotiation as a pre-notification of a reimbursement claim from the claiming bank to the issuing bank is a pre-debit notification from the claiming bank to the issuing bank (note: where a pre-debit notification from the reimbursing bank to the issuing bank is required, banks should use the MT 799 Free Format message, specifying the future date of debit) MT 756 Advice of Reimbursement or Payment This message is sent by the issuing bank to the bank from which it has received documents or by the reimbursing bank to the bank from which it has received a reimbursement claim. It may also be sent by the bank nominated to pay/accept/negotiate/incur a deferred payment undertaking to the bank from which it has received documents. It is used to advise the Receiver about reimbursement or payment, to that bank, for a drawing under a documentary credit or which no specific reimbursement instructions or payment provisions were provided.