Download Funds Transfer User Manual

5.10 Generating Charge Claim Advice
For incoming FTs, the remitter bears the charges if the option ‘Charge’ is set as ‘Ours’. For
such contracts, you can direct the remitter to pay the defined charge amount by generating a
Charge Claim Advice (MT191). Click ‘Charge Claim’ button from the Funds Transfer Main
screen to specify details for the generation of the message MT191.
Contract Reference Number
The system displays the reference number of the contract in this field.
Event Sequence Number
The system displays the event sequence number. This indicates a number corresponding to
the number of events for which the operation has been performed.
Specifying a Charge Reference Number
Enter a reference number to identify the message. The identification should ideally indicate
the incoming FT for which it was generated. The User Reference of the FT is defaulted. You
can change the reference that is defaulted. The charge reference number will be displayed in
field 21 of the charge claim advice.
Indicating the Charge amount and currency
Enter the consolidated charge amount that is to be claimed for the FT. The charge amount is
expressed in the charge currency that you specify. If all the charge components are in the
same currency, the system automatically calculates the charge amount in the charge
currency.
If the FT involves several charge components, in different currencies, you should consolidate
them and express the charge amount in the collection currency.
Charge Details
The details that you enter in this field are printed on the SWIFT message. Therefore the
details that you enter here should conform to SWIFT standards. In this field you can enter
specifications of the charges, interest, or other expense(s) associated with the transfer. An
MT 191 can contain one or more of the following codes, followed, where relevant, by the
currency and amount:

COMM — Our commission

INT — Interest related charges
5-40