This transaction is used to register Detrimental Amendments for the beneficiary (e.g. shortening the maturity period, reducing of the amount) of the import L/C and to request the acknowledgment of the beneficiary.
For information about handling and presentation of amended fields, refer to Handling of Amendments.
An existing Import L/C contract which is open and not closed.
The number of amendments must be less than 999.
Channel | Description | MT | Description | Comment |
---|---|---|---|---|
A | DTA Import | 707 | Amendment to Documentary Credit | |
B | Bolero | 470 | DocumentaryCreditAmendmentRequest | |
M | SmartForms | 707 | Amendment to Documentary Credit | |
S | SWIFT | 772 | LC Request for Amendment Index | |
T | TradeConnect | 707 | Amendment to Documentary Credit |
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
None
This transaction creates an auto-registration for “Amending” the import L/C.
For more information see TRNDIA Diaries.
Action | Description | Diary | Follow-up Transaction | Comment |
---|---|---|---|---|
Create | Pending Request of Amendment | Today + 3 Working Days | Common Messages |
Not applicable.
Details on creation of messages can be found under DOCEOT Messages. For outgoing allNETT / RIVO messages see Overview of Outgoing messages - allNETT / RIVO.
Name of Message | Receiver | Message ID | SWIFT | SWIFT Score | TCO | DTA/DTE | Bolero | Comment |
---|---|---|---|---|---|---|---|---|
Amendment | Selected Party | LITADV1 | 707 | |||||
Acknowledgment | Applicant's Bank/ Applicant | LITAPL1 | 730 | 773/707 | 707 | DTALCR 707 | 489 |
Signature required
Request of Amendment
Request of Amendment
Overview
Additional Amount
Narrative
Details
Auto-Extension
Parties
allNETT Fields
Goods
Goods (Amend.)
Documents
Doc's (Amend.)
Additional Conditions
Loan Details
Add. Con. (Amend.)
Special Paymt Cond. Beneficiary
Spe. pay conditions Ben (Amend.)
Special Paymt Cond. Bank only
Spe. Pay. Cond. Bank only(Amend)
Revolving Details
Instr. to P, A, N. Bank (Amend)
Reimbursement
Transfer/ Back-to-Back L/Cs
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Fee Conditions
DTAG Fields
Datafield | Description |
---|---|
Own Reference | cf Appendix A, Table LID field OWNREF |
Amendment Date | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 30 of the MT707. This field specifies the date on which the relevant party considers the contract to be amended. |
Amendment Number | Number of the current amendment to be used in external communication. Originally set either from incoming message or from actual AMENBR of contract. This field was used in outgoing amendment messages. |
Number of Amendments | cf Appendix A, Table LID field AMENBR |
Currency | cf Appendix A, Table CBB field CUR |
Nominal Amount | This field displays the old nominal amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
Amount Tolerance - Positive | cf Appendix A, Table LID field NOMTOP |
Amount Tolerance - Negative | cf Appendix A, Table LID field NOMTON |
Currency | cf Appendix A, Table CBB field CUR |
Maximum Amount | This field displays the old maximum amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
Currency of Amended Amount | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 32B of the MT707. |
Amended Amount | If the L/C is request of amendment is sent via SWIFT, the information entered here is available in Tag 32B (if the L/C amount is increased) or in Tag 33B (if the L/C amount is decreased) of the MT707. This field contains the amendment amount of the contract. |
Currency | This field contains the currency identified by the ISO code belonging to the amount next to it. |
Maximum Amendment Amount | This field contains the maximum amended amount under the letter of credit. It is calculated by adding the positive tolerance amount to the amended amount of the L/C. (If the positive tolerance is amended in this transactions, this entry is used for calculation, otherwise the old percentage). |
New Currency | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 34B of the MT707. |
New Nominal L/C Amount | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 34B of the MT707. This field contains the new nominal amount. This is calculated by adding the amendment amount to the old nominal amount. |
New Positive Tolerance | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 39A of the MT707. This field specifies the new positive percentage tolerance for the documentary credit. In order to calculate the new maximum amount, the positive tolerance amount is added to the new nominal amount. |
New Negative Tolerance | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 39A of the MT707. This field specifies the new negative percentage tolerance for the documentary credit. |
Currency Maximum Amount | If the request of amendment is sent using SWIFT, the information entered here is available in Tag 39B of the MT707. This field contains the currency identified by the ISO code for the amount next to it. |
New Maximum L/C Amount | If the request of amendment is sent using SWIFT, the information entered here is available in Tag 39B of the MT707. This field contains the new maximum amended amount under the letter of credit. It is calculated by adding the new positive tolerance amount to the amended amount of the L/C. This field indicates the new maximum risk of the issuing bank under the L/C and is also booked as liability. |
Amount Specification | If the L/C request of amendment is sent via SWIFT, the information entered here is available in Tag 39B of the MT707. This field further qualifies the documentary credit amount. |
Date of Expiry | cf Appendix A, Table LID field EXPDAT |
New Expiry Date | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 31E of the MT707. This field contains the new (amended) expiry date of the L/C. |
Shipment Date | cf Appendix A, Table LID field SHPDAT |
New Shipment Date | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 44C of the MT707. This field contains the new (amended) date of shipment. |
Shipment Period | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 44D of the MT707. This field specifies the new period of time during which the goods have to be shipped in order for the documents to be L/C compliant. |
Dispatch from | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 44A of the MT707. This field specifies the new place of dispatch, or transfer of goods or loading on board. |
Air-/Port of Departure | This field contains the port or airport of departure. |
Air-/Port of Destination | This field contains the port or airport of destination. |
Final Destination | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 44B of the MT707. This field specifies the new final destination of the goods shipped under the L/C. |
Additional Amount Covered | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 39C of the MT707. This field specifies any amendments to the additional amount covered, such as insurance, freight, interest etc. |
Additional Amount Flag | This flag controls the storage of an additional amount for a contract. Unchecking this flag automatically eliminates existing additional amounts when the transaction is saved. To introduce additional amounts this flag first has to be checked. |
Additional Amount | This field holds the new additional amount if the amount has changed. When the transaction is saved, additional amounts are adjusted to this amount. |
Send Request of Amendment to | All known contract parties are defaulted in this field and can be selected as the receiver of the amendment message generated in this transaction. |
Generate Amendment Message | If checked, the current transaction generates an outgoing amendment message. If an amendment message has been generated in an xxxRAM transaction, the corresponding xxxAME transaction will no longer generate an outgoing amendment message. In this case, when the transaction starts the field is not filled. |
Datafield | Description |
---|---|
Purpose of Message | This field specifies the purpose of the outgoing message as required for the outgoing SWIFT MT707 message, such as the Issuance of an L/C Amendment in transaction LITAME or the advise of a L/C Amendment in transaction LETAME. |
Days of presentation period | cf Appendix A, Table LID field PREPERS18 |
Presentation period text | cf Appendix A, Table LID field PREPERTXTS18 |
Presentation Period | cf Appendix A, Table LIT field PREPER |
Datafield | Description |
---|---|
Form of Documentary Credit | cf Appendix A, Table LID field LCRTYP |
Direct rejection | cf Appendix A, Table LID field REJFLG |
Responsible User | cf Appendix A, Table LID field OWNUSR |
Reserved Contract | cf Appendix A, Table LID field RESFLG |
Nominal L/C Amount | This field contains the nominal amount of the letter of credit. cf Appendix A, Table CBB field AMT |
Additional Amount | If this box is checked, additional amounts are available under the contract and an additional panel is available to enter details. |
Amount Tolerance - Positive | cf Appendix A, Table LID field NOMTOP |
Amount Tolerance - Negative | cf Appendix A, Table LID field NOMTON |
Type of Request | cf Appendix A, Table LID field REQTYP |
Amount Specification | cf Appendix A, Table LID field NOMSPC |
Currency | cf Appendix A, Table CBB field CUR |
Maximum L/C Amount | This field contains the amximum amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
L/C Issued on | If the request of amendment is sent using SWIFT, the information entered here is available in Tag 31C of the MT707. cf Appendix A, Table LID field OPNDAT |
Date Pre-advised | cf Appendix A, Table LID field PREADVDT |
Shipment Date | cf Appendix A, Table LID field SHPDAT |
Date of Expiry | cf Appendix A, Table LID field EXPDAT |
Place of Expiry | cf Appendix A, Table LID field EXPPLC |
Partial Shipment | cf Appendix A, Table LID field SHPPAR |
Partial Shipment | cf Appendix A, Table LID field SHPPARS18 |
Transshipment | cf Appendix A, Table LID field SHPTRS |
Transhipment | cf Appendix A, Table LID field SHPTRSS18 |
Applicable Rules | cf Appendix A, Table LID field APPRUL |
Other Applicable Rules | cf Appendix A, Table LID field APPRULTXT |
Confirmation Instructions | cf Appendix A, Table LID field CNFDET |
Currency | cf Appendix A, Table CBB field CUR |
Open Amount | This field contains the amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
Your Order Dated | cf Appendix A, Table LID field ORDDAT |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Reimbursement Information | cf Appendix A, Table LID field RMBFLG |
Revolving Flag | cf Appendix A, Table LID field REVFLG |
Auto-Extension | cf Appendix A, Table LID field AUTRNWFLG |
Domestic L/C | cf Appendix A, Table LID field DOMFLG |
Assignment of Proceeds | cf Appendix A, Table LID field AOPFLG |
Specify Loan Term | cf Appendix A, Table LID field SPFINFLG |
Datafield | Description |
---|---|
Historic Overview of Amendment Narratives | cf Appendix A, Table LIT field NARHIS |
Current Amendment | If the request of amendment is sent via SWIFT, the information entered here is available in Tag 79 of the MT707. |
Datafield | Description |
---|---|
Available with | cf Appendix A, Table LID field AVBWTH |
Available in | cf Appendix A, Table LIT field AVBWTHTXT |
Available by | cf Appendix A, Table LID field AVBBY |
Usance Payable at Sight/Usance | cf Appendix A, Table LID field UPATYP |
UPAU days | cf Appendix A, Table LID field UPAUDS |
Deferred Payment Details | cf Appendix A, Table LIT field DEFDET |
Drafts at | cf Appendix A, Table LIT field DFTAT |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Shipment from | cf Appendix A, Table LID field SHPFRO |
Port of Loading | cf Appendix A, Table LID field PORLOA |
Port of Discharge | cf Appendix A, Table LID field PORDIS |
For Transportation to | cf Appendix A, Table LID field SHPTO |
Shipment Period | cf Appendix A, Table LIT field SHPPER |
Presentation Period | cf Appendix A, Table LIT field PREPER |
Presentation Period modified | cf Appendix A, Table LIT field PREPERFLG |
Days of presentation period | cf Appendix A, Table LID field PREPERS18 |
Presentation period text | cf Appendix A, Table LID field PREPERTXTS18 |
Additional Details for Charges | cf Appendix A, Table LIT field FEETXT |
Fee settlement - our fee to be debited to | cf Appendix A, Table LID field CHATO |
Country Code (Risk Country) | cf Appendix A, Table LID field STACTY |
Mixed Payment Details | cf Appendix A, Table LIT field MIXDET |
Datafield | Description |
---|---|
Count of Advised Subcontracts without Documents | cf Appendix A, Table LID field ADVNBR |
Notify Period | cf Appendix A, Table LID field NOTNBR |
Extension Period | cf Appendix A, Table LID field RNWNBR |
Final Expiry Date | cf Appendix A, Table LID field EXPDATFIN |
Notification Information | cf Appendix A, Table LIT field NOTTXT |
Datafield | Description |
---|---|
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Datafield | Description |
---|---|
Incoterm Place | cf Appendix A, Table LID field INCTRMPLC |
Incoterm Freight | cf Appendix A, Table LID field INCTRMFRT |
Incoming allNETT Window ID 01W06 | cf Appendix A, Table LIT field INC01W06 |
Incoming allNETT Window ID 01W07 | cf Appendix A, Table LIT field INC01W07 |
Received Account Details | cf Appendix A, Table LIT field INCACCDET |
Datafield | Description |
---|---|
Description of Goods | cf Appendix A, Table LIT field LCRGOD |
Goods Code (for Statistics) | cf Appendix A, Table LID field STAGOD |
Datafield | Description |
---|---|
Additional Conditions | cf Appendix A, Table LIT field ADLCND |
Special payment conditions for beneficiary exists | cf Appendix A, Table LID field SPCBENFLG |
Special Payment Conditions for specified Bank only | cf Appendix A, Table LID field SPCRCBFLG |
Red/Green Clause | cf Appendix A, Table LID field REDCLSFLG |
Red/Green Clause Currency | cf Appendix A, Table LID field REDCLSCUR |
Red/Green Clause Amount | cf Appendix A, Table LID field REDCLSAMT |
Red/Green Clause Percentage | cf Appendix A, Table LID field REDCLSPRC |
ALADI Checkbox | cf Appendix A, Table LID field ALADIFLG |
ALADI Reimb. Code | cf Appendix A, Table LID field ALADICOD |
Instructions to Paying/Accepting/Negotiating Bank | cf Appendix A, Table LIT field INSBNK |
Datafield | Description |
---|---|
Base Rate | cf Appendix A, Table LID field IRTCOD |
Cash Base | cf Appendix A, Table LID field CSHRAT |
Liquidity costs | cf Appendix A, Table LID field LQDRAT |
Financing Flat Fee | cf Appendix A, Table LID field OWNRATFLG |
Our margin | cf Appendix A, Table LID field OWNRAT |
Document Currency | cf Appendix A, Table LID field OWNCUR |
Fixed price for total maturity | cf Appendix A, Table LID field OWNAMT |
Total interest rate | Sum of interest costs + liquidity costs + our margin The total interest rate used to calculate the commission. |
Financing Period | cf Appendix A, Table LID field INTDAYLC |
Datafield | Description |
---|---|
Special Payment Conditions for Beneficiary | cf Appendix A, Table LIT field SPCBEN |
Datafield | Description |
---|---|
Special payment Conditions for beneficiary (History) | cf Appendix A, Table LIT field SPCBENAME |
Datafield | Description |
---|---|
Special Payment Conditions for Bank Only | cf Appendix A, Table LIT field SPCRCB |
Datafield | Description |
---|---|
Special Payment Conditions for Bank Only (History) | cf Appendix A, Table LIT field SPCRCBAME |
Datafield | Description |
---|---|
Revolving Type | cf Appendix A, Table LID field REVTYP |
Credit is Marked as Cumulative | cf Appendix A, Table LID field REVCUM |
Revolving Times | cf Appendix A, Table LID field REVTIMES |
Number of Revolvings under L/C | cf Appendix A, Table LID field REVNBR |
Revolving Date | cf Appendix A, Table LID field REVDAT |
Awaiting Applicant's Request | cf Appendix A, Table LID field REVAWAPL |
Revolving Clause | cf Appendix A, Table LIT field REVCLS |
Notes to Applicant | cf Appendix A, Table LIT field REVNOTES |
Datafield | Description |
---|---|
Instructions to P/A/N (Amendment History) | cf Appendix A, Table LIT field INSBNKAME |
Datafield | Description |
---|---|
Default Account | cf Appendix A, Table PTS field DFTACT |
Reimbursing Bank Account Identification | cf Appendix A, Table LID field RMBACT |
Reimbursing Bank's Charges | cf Appendix A, Table LID field RMBCHA |
Reimbursement Charges | cf Appendix A, Table LIT field RMBCHA |
Applicable Rules Reimbursement | cf Appendix A, Table LID field APPRULRMB |
Date of Authorization to Reimburse | cf Appendix A, Table LID field AUTDAT |
Datafield | Description |
---|---|
Own Reference | cf Appendix A, Table LED field OWNREF |
Currency | cf Appendix A, Table CBB field CUR |
Nominal L/C Amount | This field contains the nominal amount of the letter of credit cf Appendix A, Table CBB field AMT |
Additional Amount | If this box is checked, additional amounts are available under the contract and an additional panel is available to enter details. |
Currency | cf Appendix A, Table CBB field CUR |
Open Amount | This field contains the amount which is still available under the letter of credit. cf Appendix A, Table CBB field AMT |
Revolving Flag | cf Appendix A, Table LED field REVFLG |
Available by | cf Appendix A, Table LED field AVBBY |
Red/Green Clause | cf Appendix A, Table LED field REDCLSFLG |
Opening Date | cf Appendix A, Table LED field OPNDAT |
Shipment Date | cf Appendix A, Table LED field SHPDAT |
Date of Expiry | cf Appendix A, Table LED field EXPDAT |
Place of Expiry | cf Appendix A, Table LED field EXPPLC |
Form of Documentary Credit | cf Appendix A, Table LED field LCRTYP |
Name | cf Appendix A, Table PTS field NAM |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Name | cf Appendix A, Table PTS field NAM |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Name | cf Appendix A, Table PTS field NAM |
Reference for Address (Optional) | The Beneficiary is the exporter of the good's. cf Appendix A, Table PTS field REF |
Confirmation text | This field contains a short description concerning the type of the letter of credit. |