SWIFT MT700 Guide
Document Credit (MT700)
The MT700 is the standard SWIFT message format for issuing a documentary credit.
Key Fields:
- Field 20: Sender's Reference
- Field 32B: Amount
- Field 40A: Form of Documentary Credit
- Field 41A: Available With/By
- Field 46A: Documents Required
- Field 47A: Additional Conditions
- Field 50: Applicant
- Field 59: Beneficiary
Common Issues
- Incorrect field usage leading to discrepancies
- Mismatch between field 46A and actual documents presented
Resolution: Always cross-reference MT700 fields with presented documents. Pay special attention to field 46A (Documents Required) and ensure each required document is presented as specified.
Amendment (MT707)
When a credit is amended, all parties must acknowledge acceptance. The amendment must be consistent with the original credit terms.
Resolution: Ensure all amendments are properly reflected in the issued documents and that the amendment reference is clearly shown on the SWIFT message.
Quick Reference Summary
- No reference captured.
Compliance Checklist
Get the Full LC Compliance Checklist
15-point pre-submission checklist covering UCP 600, ISBP 745, and SWIFT MT700 fields. Free PDF download.
No spam. Unsubscribe anytime.
DraftLC generates compliant SWIFT MT700 Guide — so you never face this failure mode.
DraftLC drafts your LC with UCP 600-compliant terms and flags conflicts during drafting — before documents reach the bank.
No credit card required · See how DraftLC drafts compliant credits