MT700 Letter of Credit Fields Explained — 20, 31D, 39A, 41a, 44C, 46A, 47A, 49
What each field of an MT700 means, and what the exporter should check in it before agreeing to ship What the MT700 is. The **MT700** is the SWIFT message a bank uses to issue a documentary credit. Each term sits in a numbered field, so the LC reads the same in every bank. Amendments come in an **MT707**, and an advising bank passes the credit on in an **MT710** or **MT720** when it is advised through or transferred. MT700 fields and what to check. Check your LC. Frequently Asked Questions.
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