F32B is a mandatory field in M700 type SWIFT msg. This field mentions the currency code and amount of the Letter of Credit.
This amount and currency are obtained from Proforma Invoice. An insurance cover note is also made of this amount.
As per SWIFT (For Standards MT November 2020)
Definition: this field contains the currency code and amount of the documentary credit.
NETWORK VALIDATED RULES
Currency must be a valid ISO 4217 currency code (Error code(s): T52).
The integer part of Amount must contain at least one digit. The decimal comma ‘,’ is mandatory and is included in the maximum length. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03, T40, T43).
Decimal places are separated by commas.
Here’s an example:
Here the currency is: US Dollar
The amount is 198,000 USD
Here’s another example:
Here the currency is: JPY
The amount is 4535000 JPY
