Field 32B Currency Code, Amount

F32B Currency code amount in LC

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:

example 1 f32b LC

Here the currency is: US Dollar

The amount is 198,000 USD

Here’s another example:

example 2 f32b LC

Here the currency is: JPY

The amount is 4535000 JPY

Read also:  Field 41D and 41A (Available With... By...) in Letter of Credit (LC)

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