12. Processing SWIFT Messages

SWIFT is the ‘Society for Worldwide Interbank Financial Telecommunication’, a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. SWIFT enables customers to automate and standardise financial transactions, thereby lowering costs, reducing operational risk and eliminating inefficiencies from their operations.

SWIFT is solely a carrier of messages. It does not hold funds nor does it manage accounts on behalf of customers, nor does it store financial information on an on-going basis. As a data carrier, SWIFT transports messages between two financial institutions. This activity involves the secure exchange of proprietary data while ensuring its confidentiality and integrity.

There are four key areas that SWIFT services fall under within the financial marketplace. They are Securities, Treasury and Derivatives, Trade Services, and Payments & Cash Management.

SWIFT messages consist of five blocks of data including three headers, message content, and a trailer. They are identified in a consistent manner. They all start with the literal ‘MT’ which denotes Message Type. This is followed by a 3-digit number that denotes the message type, category, and group. The following are the categories of a message:

Category	Description
Category 1	Customer Payments and Cheques
Category 2	Financial Institution Transfers
Category 3	Treasury Markets - Foreign Exchange, Money Markets and Deriv­atives
Category 4	Collections and Cash Letters
Category 5	Securities Markets
Category 6	Treasury Markets - Metals
Category 7	Documentary Credits and Guarantees
Category 8	Travellers Cheques
Category 9	Cash Management and Customer Status
Category n	Common Group Messages

Oracle FLEXCUBE interfaces with external payment system for generation of Category 1: Customer Payments and Cheques and Category 2: Financial Institution Transfers messages.

The following SWIFT message types are generated for the various transfers that are initiated through Oracle FLEXCUBE.

This chapter contains the following sections:

• Section 12.1, "Treasury Markets - Foreign Exchange, Money Markets and Derivatives"
• Section 12.2, "Collections and Cash Letters"
• Section 12.3, "Securities Markets"
• Section 12.4, "Treasury Markets - Metals"
• Section 12.5, "Documentary Credits"
• Section 12.6, "Guarantees and Standby Letter of Credit"
• Section 12.7, "Cash Management and Customer Status"
• Section 12.8, "Common Group Messages"

12.1 Treasury Markets - Foreign Exchange, Money Markets and Derivatives

This section contains the following topics:

• Section 12.1.1, "MT 300 Foreign Exchange Confirmation"
• Section 12.1.2, "MT 304 Advice/Instruction of a Third Party Deal"
• Section 12.1.3, "MT 306 Foreign Currency Option Confirmation"
• Section 12.1.4, "MT 320 Fixed Loan/Deposit Confirmation"
• Section 12.1.5, "MT 330 Call/Notice Loan/Deposit Confirmation"
• Section 12.1.6, "MT 340 Forward Rate Agreement Confirmation"
• Section 12.1.7, "MT 341 Forward Rate Agreement Settlement Confirmation"
• Section 12.1.8, "MT 350 Advice of Loan/Deposit Interest Payment"
• Section 12.1.9, "MT 360 Single Currency Interest Rate Derivative Confirmation"
• Section 12.1.10, "MT 361 Cross Currency Interest Rate Swap Confirmation"
• Section 12.1.11, "MT 362 Interest Rate Reset/Advice of Payment"
• Section 12.1.12, "MT 364 Single Currency Interest Rate Derivative Termination/ Recouponing Confirmation"
• Section 12.1.13, "MT 365 Cross Currency Interest Rate Swap Termination/Recouponing Confirmation"

12.1.1 MT 300 Foreign Exchange Confirmation

This message is exchanged by or on behalf of the institutions or corporate, party A and party B, which have agreed to a foreign exchange contract.

This message may also be sent by a money broker to the two parties (party A and party B) for which the broker arranged the deal.

This message is also used when one of the trading parties is a fund manager as the fund manager has to specify the fund for which he is dealing.

The MT 300 is used to:

• confirm the details of a new contract between the parties
• confirm an exercised foreign currency option
• confirm the details of an amendment to a previously sent confirmation
• Cancel a previously sent confirmation.

Maximum Length: 10000

12.1.1.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	O
22C	Common Reference	4!a2!c4!n4!a2!c	M
17T	Block Trade Indicator	1!a	O
17U	Split Settlement Indicator	1!a	O
82a	Party A	A, D, or J	M
87a	Party B	A, D, or J	M
83a	Fund or Beneficiary Cus­tomer	A, D, or J	O
77D	Terms and Conditions	6*35x	O

The system does not support the use of NDF codes (/VALD/, /SETC/, /FIX/)in the field 77D of MT 300 in Sequence A.

Mandatory Sequence B Transaction Details

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
30T	Trade Date	8!n	M
30V	Value Date	8!n	M
36	Exchange Rate	12d	M

 

Mandatory Subsequence B1 Amount Bought

Field Tag	Field Name	Format	Mandatory/Optional
32B	Currency, Amount	3!a15d	M
53a	Delivery Agent	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M

 

Mandatory Subsequence B2 Amount Sold

Field Tag	Field Name	Format	Mandatory/Optional
33B	Currency, Amount	3!a15d	M
53a	Delivery Agent	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Optional Sequence C Optional General Information

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
29A	Contact Information	4*35x	O
24D	Dealing Method	4!c[/35x]	O
84a	Dealing Branch Party A	A, B, D, or J	O
85a	Dealing Branch Party B	A, B, D, or J	O
88a	Broker Identification	A, D, or J	O
71F	Broker's Commission	3!a15d	O
26H	Counterparty's Reference	16x	O
21G	Broker's Reference	16x	O
72	Sender to Receiver Informa­tion	6*35x	O

12.1.1.2 Optional Sequence D Split Settlement Details

Field Tag	Field Name	Format	Mandatory/Optional
15D	New Sequence	Empty field	M
17A	Buy (Sell) Indicator	1!a	M
32B	Currency, Amount	3!a15d	M
53a	Delivery Agent	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O
16A	Number of Settlements	5n	M

MT 305 Foreign Currency Option Confirmations

This message type is exchanged between the financial institutions which have agreed to a foreign currency option contract.

It is used to confirm the details of:

• a new contract between the parties
• an amendment to a previously agreed contract
• the cancellation of a confirmation

the surrender of an option by the buyer (holder) to the seller (grantor) for compensation.

Maximum Length: 2000

12.1.1.3 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence		M
20	Transaction Reference Num­ber	16x	M
21	Related Reference	16x	M
22	Code/Common Reference	8a/4!a2!c4!n4!a2!c	M
23	Further Identification	16x	M
94A	Scope of Operation	4!c	O
82a	Party A	A, D, or J	M
87a	Party B	A, D, or J	M
83a	Fund or Beneficiary Customer	A, D, or J	O
30	Date Contract Agreed/Amended	6!n	M
31C	Earliest Exercise Date	6!n	O
31G	Expiry Details	6!n/4!n/12a	M
31E	Final Settlement Date	6!n	M
26F	Settlement Type	9a	M
32B	Underlying Currency and Amount	3!a15d	M
36	Strike Price	12d	M
33B	Counter Currency and Amount	3!a15d	M
37K	Premium Price	3!a12d	M
34a	Premium Payment	P or R	M
53a	Sender's Correspondent	A, B, or D	O
56a	Intermediary	A or D	O
57a	Account With Institution	A or D	M
77D	Terms and Conditions	6*35x	O
72	Sender to Receiver Informa­tion	6*35x	O

12.1.2 MT 304 Advice/Instruction of a Third Party Deal

This message is sent by a fund manager to a custodian bank as an advice of/instruction to settle a third party foreign exchange deal.

The definition of third party must be agreed up front between the fund manager and the custodian relative to deals executed by the custodians' treasury area on behalf of the fund manager.

It is used to:

• provide details about a new deal
• provide a settlement notification
• amend a previously sent message
• cancel a previously sent message

This message may also be sent to the member of a centralised settlement system or directly to the centralised settlement system.

12.1.2.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	M
17O	Open Indicator	1!a	O
17F	Final Close Indicator	1!a	O
17N	Net Settlement Indi­cator	1!a	O
83a	Fund	A, D, or J	M
82a	Fund Manager	A, D, or J	M
87a	Executing Broker	A, D, or J	M
81a	Central Counter­party Clearing House (CCP)	A, D, or J	O
89a	Clearing Broker	A, D, or J	O
17l	Payment versus Pay­ment Settlement Indi­cator	1!a	O
77H	Type, Date, Version of the Agreement	6a[/8!n][//4!n]	O
14C	Year of Definitions	4!n	O
32E	Settlement Currency	3!a	O
30U	Valuation Date	8!n	O
14S	Settlement Rate Source	3!a2n[/4!n/4!c]	O
21A	Reference to Open­ing Instruction	16x	O
14E	Clearing or Settle­ment Session	35x	O

Mandatory Sequence B Forex Transaction Details

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
30T	Trade Date	8!n	M
30V	Value Date	8!n	M
36	Exchange Rate	12d	M
39M	Payment Clearing Centre	2!a	O

Mandatory Subsequence B1 Amount Bought

Field Tag	Field Name	Format	Mandatory/Optional
32B	Currency, Amount Bought	3!a15d	M
53a	Delivery Agent	A, D, or J	M
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	O

Mandatory Subsequence B2 Amount Sold

Field Tag	Field Name	Format	Mandatory/Optional
33B	Currency, Amount Sold	3!a15d	M
53a	Delivery Agent	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

Optional Sequence C Optional General Information

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
21A	Reference to the Associ­ated Trade	16x	O
21G	Executing Broker's Ref­erence	16x	O
22U	Underlying Product Identifier	6a	O
35B	Identification of Financial Instrument	[ISIN1!e12!c] [4*35x]	O
22V	Execution Venue	35x	O
98D	Execution Timestamp	8!n6!n[,3n][/[N]2!n[2!n]]	O
98G	Confirma­tion Times­tamp	8!n6!n[,3n][/[N]2!n[2!n]]	O
98H	Clearing Timestamp	6!n[,3n][/[N]2!n[2!n]]	O
29A	Contact Information	4*35x	O
34C	Commission and Fees	4!c/[N]3!a15d	O
72	Sender to Receiver Information	6*35x	O

Optional Repetitive Subsequence C1 Unique Transaction Identifier

Field Tag	Field Name	Format	Mandatory/Optional
22L	Reporting Jurisdiction	35x	M
22M	UTI Name­space/Issuer Code	30x	M
22N	Transaction Identifier	32x	M

Optional Repetitive Subsequence C1a Prior Unique Transaction Identifier

Field Tag	Field Name	Format	Mandatory/Optional
22P	PUTI Name­space/Issuer Code	30x	M
22R	Prior Trans­action Identi­fier	32x	M

Optional Sequence D Accounting Information

Field Tag	Field Name	Format	Mandatory/Optional
15D	New Sequence	Empty field	M
21P	Reference to Previous Deals	16x	O
17G	Gain (Loss) Indicator	1!a	O
32G	Currency, Amount	3!a15d	O
34B	Commission and Fees - Currency and Amount	3!a15d	O
30F	Commission and Fees - Settlement Date	8!n	O

Optional Sequence E Net Amount to be Settled

Field Tag	Field Name	Format	Mandatory/Optional
15E	New Sequence	Empty field	M
17G	Gain (Loss) Indicator	1!a	M
32G	Currency, Amount	3!a15d	M
53a	Delivery Agent	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	O
58a	Beneficiary Institution	A, D, or J	O

12.1.3 MT 306 Foreign Currency Option Confirmation

This message is exchanged to confirm a foreign currency option contract, by or on behalf of the institutions or corporate, party A and party B, which have agreed to it.

A money broker may also send this message to the two parties (party A and party B) for which he arranged the deal. If there are two money brokers involved in arranging a deal between party A and party B, this message can also be exchanged between these money brokers.

The message is used to confirm/notify the details of:

• a new contract between the parties
• an amendment to a previously agreed contract
• the cancellation of a confirmation
• a trigger event: knock-in/knock-out of an option, hitting of a trigger level
• the close out of an option

Maximum Length: 10000

12.1.3.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
12G	Option Type	4!c	O
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	O
22C	Common Reference	4!a2!c4!n4!a2!c	M
21N	Contract Number Party A	16x	M
21B	Contract Number Party B	16x	O
12F	Option Style	4!c	M
12E	Expiration Style	4!c	M
17A	Barrier Indicator	1!a	M
17F	Non-Deliverable Indicator	1!a	M
22K	Type of Event	4!c[/35x]	M
30U	Date of Trigger Hit	8!n	O
29H	Location of Trigger Hit	4!c	O
82a	Party A	A, D, or J	M
87a	Party B	A, D, or J	M
83a	Fund or Beneficiary Cus­tomer	A, D, or J	O
77H	Type, Date, Version of the Agreement	6a[/8!n][//4!n]	M
77D	Additional Conditions	6*35x	O
14C	Year of Definitions	4!n	O

 

Mandatory Sequence B Transaction Details

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
17V	Buy (Sell) Indicator	1!a	M
30T	Trade Date	8!n	M
30X	Expiration Date	8!n	M
29E	Expiration Location and Time	4!c/4!n	M
30a	Final Settlement Date	F or J	M

 

Optional Subsequence B1 Premium Details

Field Tag	Field Name	Format	Mandatory/Optional
37K	Premium Price	3!a12d	O
30V	Premium Payment Date	8!n	M
34B	Premium Currency and Amount	3!a15d	M

 

Optional Subsequence B2 Calculation Agent

Field Tag	Field Name	Format	Mandatory/Optional
84a	Calculation Agent	A, B, D, or J	O

 

Optional Sequence C Settlement Instructions for Payment of Premium

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Optional Sequence D Vanilla Block

Field Tag	Field Name	Format	Mandatory/Optional
15D	New Sequence	Empty field	M
30P	Earliest Exercise Date	8!n	O
30Q	Intermediate Exercise Date	8!n	O
26F	Settlement Type	9a	M
32B	Put Currency and Amount	3!a15d	M
36	Strike Price	12d	M
33B	Call Currency and Amount	3!a15d	M

 

Optional Sequence E Payout Amount

Field Tag	Field Name	Format	Mandatory/Optional
15E	New Sequence	Empty field	M
33E	Currency, Amount	3!a15d	M
30H	Touch Payment Date	8!n	O
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Optional Sequence F Barrier Block

Field Tag	Field Name	Format	Mandatory/Optional
15F	New Sequence	Empty field	M
22G	Type of Barrier	4!c	M
37J	Barrier Level	12d	M
37L	Lower Barrier Level	12d	O

 

Optional Subsequence F1 Barrier Window Block

Field Tag	Field Name	Format	Mandatory/Optional
30G	Barrier Window Start Date and End Date	8!n/8!n	M
29J	Location and Time for Start Date	4!c[/4!n]	M
29K	Location and Time for End Date	4!c/4!n	M

 

Optional Sequence G Trigger Block

Field Tag	Field Name	Format	Mandatory/Optional
15G	New Sequence	Empty field	M
22J	Type of Trigger	4!c	M
37U	Trigger Level	12d	M
37P	Lower Trigger Level	12d	O
32Q	Currency Pair	3!a/3!a	M

 

Optional Sequence H Non Deliverable Option Block

Field Tag	Field Name	Format	Mandatory/Optional
15H	New Sequence	Empty field	M
14S	Settlement Rate Source, Settlement Rate Location, Settlement Rate Time (HHMM)	3!a2!n	M
32E	Settlement Currency	3!a	M

 

Optional Sequence I Additional Information

Field Tag	Field Name	Format	Mandatory/Optional
15I	New Sequence	Empty field	M
29A	Contact Information	4*35x	O
24D	Dealing Method	4!c[/35x]	O
88a	Broker Identification	A or D	O
71F	Broker's Commission	3!a15d	O
21G	Broker's Reference	16x	O
72	Sender to Receiver Information	6*35x	O

 

Optional Sequence J Additional Amounts

Field Tag	Field Name	Format	Mandatory/Optional
15J	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
32H	Currency, Payment Amount	[N]3!a15d	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M

12.1.4 MT 320 Fixed Loan/Deposit Confirmation

This message is exchanged to confirm a fixed term loan/deposit contract, in order to confirm/notify the details of:

• a new contract between the parties
• an amendment to a previously agreed contract
• the cancellation of a confirmation
• a rolled over/renewed contract between the parties
• the maturity of a contract

This message is exchanged by or on behalf of the institutions or corporate, party A and party B, who have agreed to a fixed term loan/deposit contract. A money broker may also send this message to the two parties (party A and party B) for which he arranged the deal.

Maximum Length: 10000

12.1.4.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	O
22B	Type of Event	4!c	M
22C	Common Reference	4!a2!c4!n4!a2!c	M
21N	Contract Number Party A	16x	O
82a	Party A	A, D, or J	M
87a	Party B	A, D, or J	M
83a	Fund or Instructing Party	A, D, or J	O
77D	Terms and Conditions	6*35x	O

 

Mandatory Sequence B Transaction Details

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
17R	Party A's Role	1!a	M
30T	Trade Date	8!n	M
30V	Value Date	8!n	M
30P	Maturity Date	8!n	M
32B	Currency and Principal Amount	3!a15d	M
32H	Amount to be Settled	[N]3!a15d	O
30X	Next Interest Due Date	8!n	O
34E	Currency and Interest Amount	[N]3!a15d	M
37G	Interest Rate	[N]12d	M
14D	Day Count Fraction	7x	M
30F	Last Day of the First Interest Period	8!n	O
38J	Number of Days	1!a3!n	O

 

Mandatory Sequence C Settlement Instructions for Amounts Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Mandatory Sequence D Settlement Instructions for Amounts Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15D	New Sequence	Empty field	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Optional Sequence E Settlement Instructions for Interests Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15E	New Sequence	Empty field	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Optional Sequence F Settlement Instructions for Interests Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15F	New Sequence	Empty field	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Optional Sequence G Tax Information

Field Tag	Field Name	Format	Mandatory/Optional
15G	New Sequence	Empty field	M
37L	Tax Rate	12d	M
33B	Transaction Currency and Net Inter­est Amount	3!a15d	M
36	Exchange Rate	12d	O
33E	Reporting Currency and Tax Amount	3!a15d	O

 

Optional Sequence H Additional Information

Field Tag	Field Name	Format	Mandatory/Optional
15H	New Sequence	Empty field	M
29A	Contact Information	4*35x	O
24D	Dealing Method	4!c[/35x]	O
84a	Dealing Branch Party A	A, B, D, or J	O
85a	Dealing Branch Party B	A, B, D, or J	O
88a	Broker Identification	A, D, or J	O
71F	Broker's Commission	3!a15d	O
26H	Counterparty's Reference	16x	O
21G	Broker's Reference	16x	O
72	Sender to Receiver Information	6*35x	O

Optional Sequence I Additional Amounts

Field Tag	Field Name	Format	Mandatory/Optional
15I	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
32H	Currency, Payment Amount	[N]3!a15d	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M

12.1.5 MT 330 Call/Notice Loan/Deposit Confirmation

This message is exchanged to confirm a call/notice loan/deposit contract.

The message is used to confirm/notify the details of:

• a new contract between the parties
• an amendment to a previously agreed contract
• the cancellation of a confirmation
• an increase or decrease in the balance of the account, in an already agreed contract
• a change in the interest rate
• a change in the period of notice
• the closing of a contract, i.e. final redemption of the loan/deposit balance to zero and all interest paid

This message is sent by or on behalf of the institution or corporate, party A and party B, who have agreed to a call/notice loan/deposit contract.

Maximum Length: 10000

12.1.5.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	O
22B	Type of Event	4!c	M
22C	Common Reference	4!a2!c4!n4!a2!c	M
21N	Contract Number Party A	16x	O
82a	Party A	A, D, or J	M
87a	Party B	A, D, or J	M
83a	Fund or Instructing Party	A, D, or J	O
77D	Terms and Conditions	6*35x	O

 

Mandatory Sequence B Transaction Details

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
17R	Party A's Role	1!a	M
30T	Trade Date	8!n	M
30V	Value Date	8!n	M
38A	Period of Notice	3n	M
32B	Currency and Balance	3!a15d	O
32H	Principal Amount to be Settled	[N]3!a15d	O
30X	Interest Due Date	8!n	O
34E	Currency and Interest Amount	[N]3!a15d	O
37G	Interest Rate	[N]12d	M
14D	Day Count Fraction	7x	M
30F	Last Day of the Next Interest Period	8!n	O
38J	Number of Days	1!a3!n	O

 

Mandatory Sequence C Settlement Instructions for Amounts Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Mandatory Sequence D Settlement Instructions for Amounts Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15D	New Sequence	Empty field	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Optional Sequence E Settlement Instructions for Interests Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15E	New Sequence	Empty field	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Optional Sequence F Settlement Instructions for Interests Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15F	New Sequence	Empty field	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Optional Sequence G Tax Information

Field Tag	Field Name	Format	Mandatory/Optional
15G	New Sequence	Empty field	M
37L	Tax Rate	12d	M
33B	Transaction Currency and Net Interest Amount	3!a15d	M
36	Exchange Rate	12d	O
33E	Reporting Currency and Tax Amount	3!a15d	O

 

Optional Sequence H Additional Information

Field Tag	Field Name	Format	Mandatory/Optional
15H	New Sequence	Empty field	M
29A	Contact Information	4*35x	O
24D	Dealing Method	4!c[/35x]	O
84a	Dealing Branch Party A	A, B, D, or J	O
85a	Dealing Branch Party B	A, B, D, or J	O
26H	Counterparty's Reference	16x	O
72	Sender to Receiver Information	6*35x	O

 

12.1.6 MT 340 Forward Rate Agreement Confirmation

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, who have agreed to a forward rate agreement (FRA).

The confirmed transaction is covered by an ISDA (International Swaps and Derivatives Association), Deutscher Rahmenvertrag für Finanztermingeschäfte, FRABBA (British Bankers' Association) or AFB (Association Française de Banques) Master Agreement. These agreements are either signed or under negotiation.

A money broker may also send this message to the two parties (party A and party B) for which he arranged the deal.

If there are two money brokers involved in arranging a deal between party A and party B, this message is also exchanged between these money brokers.

The message is used to confirm/notify the details of:

• a new contract between the parties
• an amendment to a previously agreed contract
• the cancellation of a confirmation

Maximum Length: 10000

12.1.6.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	O
22C	Common Reference	4!a2!c4!n4!a2!c	M
23D	Type of FRA	10a	M
21N	Contract Number Party A	16x	O
21B	Contract Number Party B	16x	O
82a	Party A	A or D	M
87a	Party B	A or D	M
77H	Type, Date, Version of the Agreement	6a[/8!n][//4!n]	M
14C	Year of Definitions	4!n	O

 

Mandatory Sequence B Transaction Details

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
30T	Trade Date	8!n	M
32B	Currency, Notional Amount	3!a15d	M
30F	Effective Date	8!n	M
30P	Termination Date	8!n	M
37M	Fixed Rate	[N]12d	M
14F	Floating Rate Option	24x	M

 

Optional Subsequence B1 AFB and FRABBA Details

Field Tag	Field Name	Format	Mandatory/Optional
30V	Fixing Date	8!n	M
38D	Contract Period	4n	M

 

Mandatory Subsequence B2 Other Details

Field Tag	Field Name	Format	Mandatory/Optional
38G	Designated Maturity	2n1!a/2n1!a	M
14D	Floating Rate Day Count Fraction	7x	M
17F	FRA Discounting	1!a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M

 

Mandatory Sequence C Settlement Instructions for Settlement Amount Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Mandatory Sequence D Settlement Instructions for Settlement Amount Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15D	New Sequence	Empty field	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Optional Sequence E Additional Information

Field Tag	Field Name	Format	Mandatory/Optional
15E	New Sequence	Empty field	M
29A	Contact Information	4*35x	O
24D	Dealing Method	4!c[/35x]	O
88a	Broker Identification	A or D	O
71F	Broker's Commission	3!a15d	O
21G	Broker's Reference	16x	O
72	Sender to Receiver Information	6*35x	O

 

Optional Sequence F Additional Amounts

Field Tag	Field Name	Format	Mandatory/Optional
15F	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
32H	Currency, Payment Amount	[N]3!a15d	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M

 

12.1.7 MT 341 Forward Rate Agreement Settlement Confirmation

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, who have agreed to a forward rate agreement (FRA).

It is used to confirm the settlement details of the forward rate agreement when the settlement rate has been fixed on the fixing date.

The message is also used for:

• an amendment to a previously agreed settlement message
• the cancellation of a settlement message

Maximum Length: 10000

12.1.7.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	O
22C	Common Reference	4!a2!c4!n4!a2!c	M
23D	Type of FRA	10a	M
21N	Contract Number Party A	16x	O
21B	Contract Number Party B	16x	O
82a	Party A	A or D	M
87a	Party B	A or D	M
29A	Contact Information	4*35x	O
72	Sender to Receiver Infor­mation	6*35x	O

 

Mandatory Sequence B Transaction Details

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
30T	Trade Date	8!n	M
32B	Currency, Notional Amount	3!a15d	M
30F	Effective Date	8!n	M
30P	Termination Date	8!n	M
37M	Fixed Rate	[N]12d	M

 

Optional Subsequence B1 AFB and FRABBA Details

Field Tag	Field Name	Format	Mandatory/Optional
30V	Fixing Date	8!n	O
38D	Contract Period	4n	O

 

Mandatory Sequence C Settlement Instructions for the Settlement Amount

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
37R	Settlement Rate	[N]12d	M
34E	Settlement Currency and Amount	[N]3!a15d	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

12.1.8 MT 350 Advice of Loan/Deposit Interest Payment

It is used to inform that an interest amount has been paid to the account of the beneficiary with the receiving agent mentioned in the message.

The message may also be used to notify the details of:

• an amendment to a previously sent advice
• the cancellation of an advice

This message is sent by or on behalf of the institution or corporate, party A who has borrowed cash from the institution or corporate, party B.

Maximum Length: 10000

12.1.8.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	O
22C	Common Reference	4!a2!c4!n4!a2!c	M
21N	Contract Number Party A	16x	O
82a	Party A	A, D, or J	M
87a	Party B	A, D, or J	M
83a	Fund or Instructing Party	A, D, or J	O
72	Sender to Receiver Informa­tion	6*35x	O

 

Mandatory Sequence B Interest Information

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
30G	Interest Period	8!n/8!n	M
32B	Currency and Principal Amount	3!a15d	M
30V	Value Date of Interest Payment	8!n	M
34B	Currency and Interest Amount	3!a15d	M
37J	Interest Rate	12d	M
14D	Day Count Fraction	7x	M
30F	Next Interest Payment Date	8!n	O

 

 

Mandatory Sequence C Settlement Instructions

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
53a	Delivery Agent	A, D, or J	O
86a	Intermediary 2	A, D, or J	O
56a	Intermediary	A, D, or J	O
57a	Receiving Agent	A, D, or J	M
58a	Beneficiary Institution	A, D, or J	O

 

Optional Sequence D Tax Information and Broker's Commission

Field Tag	Field Name	Format	Mandatory/Optional
15D	New Sequence	Empty field	M
34B	Transaction Currency and Interest Amount	3!a15d	M
33B	Transaction Currency and Net Interest Amount	3!a15d	M
36	Exchange Rate	12d	O

 

Optional Subsequence D1 Tax Details

Field Tag	Field Name	Format	Mandatory/Optional
37L	Tax Rate	12d	M
33E	Reporting Currency and Tax Amount	3!a15d	M

 

Optional Subsequence D2 Broker's Commission Information

Field Tag	Field Name	Format	Mandatory/Optional
71F	Broker's Commission	3!a15d	M
37L	Tax Rate on Broker's Commission	12d	O
33E	Reporting Currency and Tax Amount on Broker's Commission	3!a15d	O

 

12.1.9 MT 360 Single Currency Interest Rate Derivative Confirmation

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to a single currency interest rate swap, a cap, a collar or a floor. The confirmed transaction is covered by a BBAIRS (British Bankers' Association Interest Rate Swap), ISDA (International Swaps and Derivatives Association), Deutscher Rahmenvertrag für Finanztermingeschäfte or AFB (Association Française de Banques) Master Agreement.

The message also covers deals which are not part of an ISDA, AFB, Deutscher Rahmenvertrag für Finanztermingeschäfte or BBAIRS Master. In this case, party A and party B must have another bilateral agreement in place.

This message may also be sent by a money broker to the two parties (party A and party B) for which the broker arranged the deal.

If there are two money brokers involved in arranging a deal between party A and party B, this message is also exchanged between these money brokers.

The MT 360 may be used to:

• confirm the details of a new transaction between the parties
• correct a previously sent confirmation
• cancel a previously sent confirmation

Maximum Length: 10000

12.1.9.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	O
22C	Common Reference	4!a2!c4!n4!a2!c	M
23A	Identification of the Swap	10a/5a	M
21N	Contract Number Party A	16x	M
21B	Contract Number Party B	16x	O
30T	Trade Date	8!n	M
30V	Effective Date	8!n	M
30P	Termination Date	8!n	M
14A	Business Day Convention	9a	O
32B	Currency, Notional Amount	3!a15d	M
82a	Party A	A or D	M
87a	Party B	A or D	M
83a	Fund or Beneficiary Cus­tomer	A, D, or J	O
17A	Collateral Agreement Indica­tor	1!a	O
77H	Type, Date, Version of the Agreement	6a[/8!n][//4!n]	M
77D	Additional Conditions	6*35x	O
14C	Year of Definitions	4!n	M
72	Sender to Receiver Informa­tion	6*35x	O

 

Optional Sequence B Fixed Interest Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
37U	Fixed Rate	12d	O
37N	Details of Interest Rate	6*35x	O

 

Optional Subsequence B1 Interest Details

Field Tag	Field Name	Format	Mandatory/Optional
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	O
17F	Period End Date Adjustment Indi­cator	1!a	O
14D	Day Count Fraction	7x	O
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M

 

Optional Sequence C Floating Interest Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
14F	Floating Rate Option	24x	M
37J	Cap Rate	12d	O
37L	Floor Rate	12d	O
37N	Details of Interest Rate	6*35x	O

 

Optional Subsequence C1 Interest Details

Field Tag	Field Name	Format	Mandatory/Optional
14J	Reset Date Specification	5a	M
14G	Averaging Frequency and Method	1!a/8!a	O
38E	Designated Maturity	2n1!a	M
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
17F	Period End Date Adjustment Indica­tor	1!a	M
14D	Day Count Fraction	7x	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M
37R	Spread	[N]12d	O

 

Optional Subsequence C2 Compounding Details

Field Tag	Field Name	Format	Mandatory/Optional
22D	Compounding Type	4!c	M
18A	Number of Repetitions	5n	M
30X	Compounding Date	8!n	M

 

Optional Subsequence C3 Interpolation for Stub Periods

Field Tag	Field Name	Format	Mandatory/Optional
38G	First Stub Period, Interpolation Period	2n1!a/2n1!a	O
38H	Last Stub Period, Interpolation Period	2n1!a/2n1!a	O

 

Mandatory Sequence D Payment Instructions for Interest Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15D	New Sequence	Empty field	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	M

 

Optional Sequence E Fixed Interest Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15E	New Sequence	Empty field	M
37U	Fixed Rate	12d	O
37N	Details of Interest Rate	6*35x	O

 

Optional Subsequence E1 Interest Details

Field Tag	Field Name	Format	Mandatory/Optional
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	O
17F	Period End Date Adjust­ment Indicator	1!a	O
14D	Day Count Fraction	7x	O
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M

 

Optional Sequence F Floating Interest Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15F	New Sequence	Empty field	M
14F	Floating Rate Option	24x	M
37J	Cap Rate	12d	O
37L	Floor Rate	12d	O
37N	Details of Interest Rate	6*35x	O

 

Optional Subsequence F1 Interest Details

Field Tag	Field Name	Format	Mandatory/Optional
14J	Reset Date Specification	5a	M
14G	Averaging Frequency and Method	1!a/8!a	O
38E	Designated Maturity	2n1!a	M
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
17F	Period End Date Adjustment Indi­cator	1!a	M
14D	Day Count Fraction	7x	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M
37R	Spread	[N]12d	O

 

Optional Subsequence F2 Compounding Details

Field Tag	Field Name	Format	Mandatory/Optional
22D	Compounding Type	4!c	M
18A	Number of Repetitions	5n	M
30X	Compounding Date	8!n	M

 

Optional Subsequence F3 Interpolation for Stub Periods

Field Tag	Field Name	Format	Mandatory/Optional
38G	First Stub Period, Interpolation Period	2n1!a/2n1!a	O
38H	Last Stub Period, Interpolation Period	2n1!a/2n1!a	O

 

Mandatory Sequence G Payment Instructions for Interest Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15G	New Sequence	Empty field	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	M

 

Optional Sequence H Amortising Schedule

Field Tag	Field Name	Format	Mandatory/Optional
15H	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
30G	Variable Notional Start and End Date	8!n/8!n	M
32U	Outstanding Notional Currency and Amount	3!a15d	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M

 

Optional Sequence L Additional Amounts Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15L	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
22E	Type of Payment	4!c	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	O

 

Optional Sequence M Additional Amounts Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15M	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
22E	Type of Payment	4!c	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	O

 

Optional Sequence N Optional General Information

Field Tag	Field Name	Format	Mandatory/Optional
15N	New Sequence	Empty field	M
29A	Contact Information	4*35x	O
24D	Dealing Method	4!c[/35x]	O
88a	Broker Identification	A or D	O
71F	Broker's Commission	3!a15d	O
21G	Broker's Reference	16x	O

12.1.10 MT 361 Cross Currency Interest Rate Swap Confirmation

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to a cross currency interest rate swap covered by a BBAIRS (British Bankers' Association Interest Rate Swap), Deutscher Rahmenvertrag für Finanztermingeschäfte or an ISDA (International Swaps and Derivatives Association) Master Agreement.

The message also covers deals which are not part of an ISDA, Deutscher Rahmenvertrag für Finanztermingeschäfte or BBAIRS Master. In this case, party A and party B must have another bilateral agreement in place, except under AFB (Association Française de Banques) Master (until the AFB does define the interbank confirmation for cross currency swaps, the MT 361 cannot be used to confirm such transactions).

This message may also be sent by a money broker to the two parties (party A and party B) for which the broker arranged the deal.

If there are two money brokers involved in arranging a deal between party A and party B, this message is also exchanged between these money brokers.

The message may be used to:

• confirm the details of a new transaction between the parties
• correct a previously sent confirmation
• cancel a previously sent confirmation

Maximum Length: 10000

12.1.10.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	O
22C	Common Reference	4!a2!c4!n4!a2!c	M
23A	Identification of the Swap	10a/5a	M
21N	Contract Number Party A	16x	M
21B	Contract Number Party B	16x	O
30T	Trade Date	8!n	M
30V	Effective Date	8!n	M
30P	Termination Date	8!n	M
14A	Business Day Convention	9a	O
32B	Party B Currency and Notional Amount	3!a15d	M
33B	Party A Currency and Notional Amount	3!a15d	M
82a	Party A	A or D	M
87a	Party B	A or D	M
83a	Fund or Beneficiary Customer	A, D, or J	O
17A	Collateral Agreement Indicator	1!a	O
77H	Type, Date, Version of the Agreement	6a[/8!n][//4!n]	M
77D	Additional Conditions	6*35x	O
14C	Year of Definitions	4!n	M
72	Sender to Receiver Information	6*35x	O

 

Optional Sequence B Fixed Interest Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
37U	Fixed Rate	12d	O
37N	Details of Interest Rate	6*35x	O

 

Optional Subsequence B1 Interest Details

Field Tag	Field Name	Format	Mandatory/Optional
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	O
17F	Period End Date Adjustment Indicator	1!a	O
14D	Day Count Fraction	7x	O
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M

 

Optional Sequence C Floating Interest Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
14F	Floating Rate Option	24x	M
37J	Cap Rate	12d	O
37L	Floor Rate	12d	O
37N	Details of Interest Rate	6*35x	O

 

Optional Subsequence C1 Interest Details

Field Tag	Field Name	Format	Mandatory/Optional
14J	Reset Date Specification	5a	M
14G	Averaging Frequency and Method	1!a/8!a	O
38E	Designated Maturity	2n1!a	M
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
17F	Period End Date Adjustment Indicator	1!a	M
14D	Day Count Fraction	7x	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M
37R	Spread	[N]12d	O

 

Optional Subsequence C2 Compounding Details

Field Tag	Field Name	Format	Mandatory/Optional
22D	Compounding Type	4!c	M
18A	Number of Repetitions	5n	M
30X	Compounding Date	8!n	M

 

Optional Subsequence C3 Interpolation for Stub Periods

Field Tag	Field Name	Format	Mandatory/Optional
38G	First Stub Period, Interpolation Period	2n1!a/2n1!a	O
38H	Last Stub Period, Interpolation Period	2n1!a/2n1!a	O

 

Mandatory Sequence D Payment Instructions for Interest Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15D	New Sequence	Empty field	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermedi­ary	A or D	O
57a	Receiving Agent	A or D	M

 

Optional Sequence E Fixed Interest Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15E	New Sequence	Empty field	M
37U	Fixed Rate	12d	O
37N	Details of Interest Rate	6*35x	O

 

Optional Subsequence E1 Interest Details

Field Tag	Field Name	Format	Mandatory/Optional
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	O
17F	Period End Date Adjustment Indicator	1!a	O
14D	Day Count Fraction	7x	O
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M

 

Optional Sequence F Floating Interest Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15F	New Sequence	Empty field	M
14F	Floating Rate Option	24x	M
37J	Cap Rate	12d	O
37L	Floor Rate	12d	O
37N	Details of Interest Rate	6*35x	O

 

Optional Subsequence F1 Interest Details

 

Field Tag	Field Name	Format	Mandatory/Optional
14J	Reset Date Specification	5a	M
14G	Averaging Frequency and Method	1!a/8!a	O
38E	Designated Maturity	2n1!a	M
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
17F	Period End Date Adjustment Indicator	1!a	M
14D	Day Count Fraction	7x	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M
37R	Spread	[N]12d	O

 

Optional Subsequence F2 Compounding Details

Field Tag	Field Name	Format	Mandatory/Optional
22D	Compounding Type	4!c	M
18A	Number of Repeti­tions	5n	M
30X	Compounding Date	8!n	M

 

Optional Subsequence F3 Interpolation for Stub Periods

Field Tag	Field Name	Format	Mandatory/Optional
38G	First Stub Period, Interpolation Period	2n1!a/2n1!a	O
38H	Last Stub Period, Interpolation Period	2n1!a/2n1!a	O

Mandatory Sequence G Payment Instructions for Interest Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15G	New Sequence	Empty field	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermedi­ary	A or D	O
57a	Receiving Agent	A or D	M

 

Optional Sequence H Amortizing Schedule for Party B

Field Tag	Field Name	Format	Mandatory/Optional
15H	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
30G	Variable Notional Start and End Date	8!n/8!n	M
32U	Outstanding Notional Currency and Amount	3!a15d	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M

 

Optional Sequence I Amortizing Schedule for Party A

Field Tag	Field Name	Format	Mandatory/Optional
15I	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
30G	Variable Notional Start and End Date	8!n/8!n	M
32U	Outstanding Notional Currency and Amount	3!a15d	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M

Optional Sequence J Exchanges of Principal Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15J	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
22X	Type of Exchange	4!c	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M

 

Optional Sequence K Exchanges of Principal Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15K	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
22X	Type of Exchange	4!c	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M

 

Optional Sequence L Additional Amounts Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15L	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
22E	Type of Payment	4!c	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	O

 

Optional Sequence M Additional Amounts Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15M	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
22E	Type of Payment	4!c	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
14A	Business Day Convention	9a	M
18A	Number of Repetitions	5n	M
22B	Financial Centre	4!c	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	O

 

Optional Sequence N Optional General Information

Field Tag	Field Name	Format	Mandatory/Optional
15N	New Sequence	Empty field	M
29A	Contact Information	4*35x	O
24D	Dealing Method	4!c[/35x]	O
88a	Broker Identification	A or D	O
71F	Broker's Commis­sion	3!a15d	O
21G	Broker's Reference	16x	O

12.1.11 MT 362 Interest Rate Reset/Advice of Payment

This message is exchanged by or on behalf of the financial institutions, Party A and Party B, who have agreed to a single or cross currency interest rate derivative transaction, including caps, collars and floors.

This message may be used to:

• advise the details of the determination of the floating interest rate(s)
• advise the details of the payment of interest at the end of an interest period
• cancel a previously sent reset/advice
• correct errors in a previously sent reset/advice

Maximum Length: 2000

12.1.11.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	O
22C	Common Reference	4!a2!c4!n4!a2!c	M
23A	Identification of the Swap	10a/5a	M
21N	Contract Number Party A	16x	M
21B	Contract Number Party B	16x	O
30V	Effective Date	8!n	M
30P	Termination Date	8!n	M
82a	Party A	A or D	M
87a	Party B	A or D	M
83a	Fund or Beneficiary Customer	A, D, or J	O
29A	Contact Information	4*35x	O
72	Sender to Receiver Informa­tion	6*35x	O

 

Optional Sequence B Interest Rate/Principal Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
33F	Calculation Notional Currency and Amount	3!a15d	M
30X	Period Start Date	8!n	M
30Q	Period End Date	8!n	O
37G	Reset Rate	[N]12d	M
37J	Cap Rate	12d	O
37L	Floor Rate	12d	O
37R	Spread	[N]12d	M
37M	Total Rate	[N]12d	M
30F	Payment Date	8!n	M
32H	Currency, Interest Amount	[N]3!a15d	O
33E	Currency, Principal Exchange Amount	3!a15d	O
37N	Details of Interest Rate	6*35x	O

 

Optional Sequence C (Net) Amount(s) Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	M

 

Optional Sequence D Interest Rate/Principal Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15D	New Sequence	Empty field	M
33F	Calculation Notional Currency and Amount	3!a15d	M
30X	Period Start Date	8!n	M
30Q	Period End Date	8!n	O
37G	Reset Rate	[N]12d	M
37J	Cap Rate	12d	O
37L	Floor Rate	12d	O
37R	Spread	[N]12d	M
37M	Total Rate	[N]12d	M
30F	Payment Date	8!n	M
32H	Currency, Interest Amount	[N]3!a15d	O
33E	Currency, Principal Exchange Amount	3!a15d	O
37N	Details of Interest Rate	6*35x	O

 

Optional Sequence E (Net) Amount(s) Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15E	New Sequence	Empty field	M
18A	Number of Repetitions	5n	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	M

12.1.11.2 Processing Incoming MT362

During STP, the system picks up an incoming MT362 message and extracts the following details from Sequence D for auto confirmation:

• The currency and interest amount to be paid (Field 32H)
• The currency and principal to be exchanged (Field 33E)
• The payment due date (Field 30F)

After the above details are extracted, the corresponding interest and principal schedule on that date is compared with the details extracted as mentioned above. The following details are considered for matching:

• The schedule due date
• The amount of the schedule
• The currency of the schedule
• The pay and receive flag of the schedule

If the details match, the schedule will be marked as ‘Confirmed’. The same approach is followed for party B whose details are extracted from sequence B of the message. After the message is processed, the message is marked as ‘Processed’. You can view the message status in the incoming browser. After the corresponding schedules are marked as confirmed, they can be viewed in the contract confirmation screen. After confirmation, ‘Media’ will be updated as ‘SWIFT’ and ‘Authorization Status’ as ‘Auto’ in this screen.

RCON is triggered post confirmation and can be viewed under ‘Contract Online’ screen.

12.1.12 MT 364 Single Currency Interest Rate Derivative Termination/ Recou­poning Confirmation

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to the termination, partial termination or recouponing of a single currency interest rate swap, a cap, a collar or a floor. The terminated/recouponed transaction is covered by a BBAIRS, ISDA or AFB or another bilateral agreement.

This message may be used to:

• confirm the details of the partial or full termination of an existing transaction between the parties
• confirm the details of the recouponing of an existing transaction
• correct a previously sent termination/recouponing
• cancel a previously sent termination/recouponing

Maximum Length: 10000

12.1.12.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	O
22B	Type of Event	4!c	M
22C	Common Reference	4!a2!c4!n4!a2!c	M
23A	Identification of the Swap	10a/5a	M
21N	Contract Number Party A	16x	M
21B	Contract Number Party B	16x	O
30T	Termination/Recouponing Trade Date	8!n	M
30Q	Termination/Recouponing Effective Date	8!n	M
30P	Original Termination Date	8!n	M
30V	Original Effective Date	8!n	M
32B	Current Currency, Notional Amount	3!a15d	M
82a	Party A	A or D	M
87a	Party B	A or D	M
83a	Fund or Beneficiary Customer	A, D, or J	O
22D	Accrual of Interest Specifica­tion	4!c	O
32G	New Currency, Notional Amount	3!a15d	O
37N	Details of Interest Rate	6*35x	O
29A	Contact Information	4*35x	O
72	Sender to Receiver Informa­tion	6*35x	O

 

Optional Sequence B Fixed Interest Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
37U	Current Fixed Rate	12d	M
37P	New Fixed Rate	12d	O

 

Optional Sequence E Fixed Interest Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15E	New Sequence	Empty field	M
37U	Current Fixed Rate	12d	M
37P	New Fixed Rate	12d	O

 

Optional Sequence L Fee Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15L	New Sequence	Empty field	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	M

 

Optional Sequence M Fee Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15M	New Sequence	Empty field	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	M

12.1.13 MT 365 Cross Currency Interest Rate Swap Termination/Recouponing Confirmation

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to the termination, partial termination or recouponing of a cross currency interest rate swap. The terminated/recouponed transaction is covered by a BBAIRS, ISDA or another bilateral agreement.

The message may be used to:

• confirm the details of the partial or full termination of an existing transaction between the parties
• confirm the details of the recouponing of an existing transaction
• correct a previously sent termination/recouponing
• Cancel a previously sent termination/recouponing

Maximum Length: 10000

12.1.13.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
20	Sender's Reference	16x	M
21	Related Reference	16x	O
22A	Type of Operation	4!c	M
94A	Scope of Operation	4!c	O
22B	Type of Event	4!c	M
22C	Common Reference	4!a2!c4!n4!a2!c	M
23A	Identification of the Swap	10a/5a	M
21N	Contract Number Party A	16x	M
21B	Contract Number Party B	16x	O
30T	Termination/Recouponing Trade Date	8!n	M
30Q	Termination/Recouponing Effective Date	8!n	M
30P	Original Termination Date	8!n	M
30V	Original Effective Date	8!n	M
32B	Party B Current Currency, Notional Amount	3!a15d	M
33B	Party A Current Currency, Notional Amount	3!a15d	M
82a	Party A	A or D	M
87a	Party B	A or D	M
83a	Fund or Beneficiary Customer	A, D, or J	O
22D	Accrual of Interest Specification	4!c	O
32G	Party B New Currency, Notional Amount	3!a15d	O
33E	Party A New Currency, Notional Amount	3!a15d	O
37N	Details of Interest Rate	6*35x	O
29A	Contact Information	4*35x	O
72	Sender to Receiver Information	6*35x	O

 

Optional Sequence B Fixed Interest Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
37U	Current Fixed Rate	12d	M
37P	New Fixed Rate	12d	O

 

Optional Sequence E Fixed Interest Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15E	New Sequence	Empty field	M
37U	Current Fixed Rate	12d	M
37P	New Fixed Rate	12d	O

 

Optional Sequence J Re-exchange of Principal Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15J	New Sequence	Empty field	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	M

 

Optional Sequence K Re-exchange of Principal Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15K	New Sequence	Empty field	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	M

 

Optional Sequence L Fee Payable by Party B

Field Tag	Field Name	Format	Mandatory/Optional
15L	New Sequence	Empty field	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	M

 

Optional Sequence M Fee Payable by Party A

Field Tag	Field Name	Format	Mandatory/Optional
15M	New Sequence	Empty field	M
30F	Payment Date	8!n	M
32M	Currency, Payment Amount	3!a15d	M
53a	Delivery Agent	A or D	O
56a	Intermediary	A or D	O
86a	Second Intermediary	A or D	O
57a	Receiving Agent	A or D	M

12.2 Collections and Cash Letters

This section contains the following topics:

• Section 12.2.1, "MT 400 Advice of Payment"
• Section 12.2.2, "MT 410 Acknowledgement"
• Section 12.2.3, "MT 412 Advice of Acceptance"
• Section 12.2.4, "MT 416 Advice of Non-Payment/Non-Acceptance"
• Section 12.2.5, "MT 420 Tracer"
• Section 12.2.6, "MT 422 Advice of Fate and Request for Instructions"
• Section 12.2.7, "MT 430 Amendment of Instructions"

12.2.1 MT 400 Advice of Payment

This message type is typically sent by the collecting bank to the remitting bank. It may also be sent:

• on behalf of the collecting bank by its branch/affiliate bank to the remitting bank or branch/affiliate of that bank
• by a collecting bank to another collecting bank

It is used to advise a payment under a collection or a part thereof and may also be used for the settlement of proceeds. The account relationship between the Sender and the Receiver is used, unless expressly stated otherwise in the message.

This message must never be sent to a bank acting solely as a reimbursement bank. In this case, the appropriate message type is an MT 202 Financial Institution Transfer.

Maximum Length: 2000

12.2.1.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Sending Bank's TRN	16x	M
21	Related Reference	16x	M
32a	Amount Collected	A, B, or K	M
33A	Proceeds Remitted	6!n3!a15d	M
52a	Ordering Bank	A or D	O
53a	Sender's Correspondent	A, B, or D	O
54a	Receiver's Correspondent	A, B, or D	O
57a	Account With Bank	A or D	O
58a	Beneficiary Bank	A, B, or D	O
71B	Details of Charges	6*35x	O
72	Sender to Receiver Informa­tion	6*35x	O
73	Details of Amounts Added	6*35x	O

12.2.2 MT 410 Acknowledgement

This message type is sent by a collecting bank to a remitting bank to acknowledge the receipt of a collection. It may also be sent by a collecting bank to another collecting bank.

Unless otherwise expressly stated, this message type states that the collecting bank intends to act in accordance with the collection instruction.

Maximum Length: 2000

12.2.2.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Sending Bank's TRN	16x	M
21	Related Reference	16x	M
32a	Amount Acknowledged	A, B, or K	M
72	Sender to Receiver Informa­tion	6*35x	O

12.2.3 MT 412 Advice of Acceptance

This message type is sent by the collecting bank to the remitting bank. It may also be sent by a collecting bank to another collecting bank.

It is used to inform the Receiver of the acceptance of one or more drafts under one collection instruction.

Maximum Length: 2000

12.2.3.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Sending Bank's TRN	16x	M
21	Related Reference	16x	M
32A	Maturity Date, Currency Code, Amount Accepted	6!n3!a15d	M
72	Sender to Receiver Information	6*35x	O

12.2.4 MT 416 Advice of Non-Payment/Non-Acceptance

This message type is sent by the collecting bank to the remitting bank.

It may also be sent:

• to the remitting bank via another financial institution
• by a presenting bank to a collecting bank

It is used to advise of non-payment or non-acceptance under a previously received collection or part thereof.

Maximum Length: 10000

12.2.4.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
20	Sender's Reference	16x	M
21	Related Reference	16x	M
23E	Advice Type	4!c[/30x]	O
51A	Sending Institution	[/1!a][/34x] 4!a2!a2!c[3!c]	O
53a	Sender's Correspondent	A or B	O
71F	Sender's Charges	3!a15d	O
77A	Reason for Non-Payment/Non-Acceptance	20*35x	O

 

Mandatory Repetitive Sequence B Non-Payment/Non-Acceptance Details

Field Tag	Field Name	Format	Mandatory/Optional
21A	Related Sequence Reference	16x	M
23E	Advice Type	4!c[/30x]	O
21C	Principal's Reference	35x	O
32a	Face Amount of Document(s)	A, B, or K	M
50D	Principal	[/1!a][/34x] 4*35x	O
59	Drawee	[/34x] 4*35x	O
71F	Sender's Charges	3!a15d	O
77A	Reason for Non-Payment/ Non-Acceptance	20*35x	O

12.2.5 MT 420 Tracer

This message type is sent by the remitting bank to the collecting bank. It may also be sent by a collecting bank to another collecting bank.

It is used to enquire about the fate of documents sent for collection.

Maximum Length: 2000

12.2.5.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Sending Bank's TRN	16x	M
21	Related Reference	16x	M
32a	Amount Traced	A, B, or K	M
30	Date of Collection Instruction	6!n	O
59	Drawee	[/34x] 4*35x	O
72	Sender to Receiver Informa­tion	6*35x	O

12.2.6 MT 422 Advice of Fate and Request for Instructions

This message type is sent by the collecting bank to the remitting bank.

It may also be sent by a collecting bank to another collecting bank.

It is used to advise the Receiver of the status of collection documents received by the collecting bank. Since an advice of fate generally includes one or more questions or requests, the two functions are included in this one message type.

Maximum Length: 2000

12.2.6.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Sending Bank's TRN	16x	M
21	Related Reference	16x	M
32a	Amount of Collection	A, B, or K	O
72	Sender to Receiver Informa­tion	6*35x	O
75	Queries	6*35x	O
76	Answers	6*35x	O

12.2.7 MT 430 Amendment of Instructions

This message type is sent by the remitting bank to the collecting bank. It may also be sent by a collecting bank to another collecting bank.

This message is used to amend instructions contained in the collection.

Maximum Length: 2000

12.2.7.1 Format Specifications

Mandatory Repetitive Sequence A

Field Tag	Field Name	Format	Mandatory/Optional
20	Sending Bank's TRN	16x	M
21	Related Reference	16x	M
32a	Existing Maturity Date, Currency Code, Amount	A or K	O
33a	Amended Maturity Date, Currency Code, Amount	A or K	O

 

Optional Sequence B

Field Tag	Field Name	Format	Mandatory/Optional
59	Drawee	[/34x] 4*35x	O
72	Sender to Receiver Informa­tion	6*35x	O
74	Amendments	6*35x	O

12.3 Securities Markets

This section contains the following topics:

• Section 12.3.1, "MT 517 Trade Confirmation Affirmation"
• Section 12.3.2, "MT 518 Market-Side Securities Trade Confirmation"
• Section 12.3.3, "MT 540 Receive Free"
• Section 12.3.4, "MT 541 Receive Against Payment "
• Section 12.3.5, "MT 542 Deliver Free"
• Section 12.3.6, "MT 543 Deliver Against Payment"
• Section 12.3.7, "MT 592 Request for Cancellation"
• Section 12.3.8, "MT 598 Proprietary Message"

12.3.1 MT 517 Trade Confirmation Affirmation

This message is sent by an instructing party, e.g. client, or its authorized representative, to a financial institution which had previously sent a trade confirmation/contract note.

This message is used to positively affirm the details of a previously received confirmation/contract note. This message binds the Sender and the Receiver of the message to the trade details contained in the confirmation being affirmed.

This message may be sent directly between the parties to the trade or via an ETC service provider.

Maximum Length: 10000

12.3.1.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	GENL	M
20C	Reference	Sender's Message Refer­ence	:4!c//16x	M
23G		Function of the Message	4!c[/4!c]	M
98a	Date/Time	Preparation Date/Time	A, C, or E	O
95a	Party	(see qualifier description)	P, Q, or R	M
25D	Status Code	Affirmation Status	:4!c/[8c]/4!c	O

 

Mandatory Repetitive Subsequence A1 Linkages

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	LINK	M
13a	Number Identifi­cation	Linked Message	A or B	O
20C	Reference	(see qualifier descrip­tion)	:4!c//16x	M
16S		End of Block	LINK	M

 

End of Subsequence A1 Linkages

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16S		End of Block	GENL	M

 

12.3.2 MT 518 Market-Side Securities Trade Confirmation

This message is sent by an executing party to its trade counterparty. It is used to confirm the details of a trade.

It may also be used to:

• request the cancellation of a previously sent confirmation
• re-send a confirmation previously sent
• provide a third party with a copy of the message (be it the confirmation or request for cancellation) being sent

This message may include, where necessary, the settlement details of the trade.

The market confirmation may be:

• exchanged directly or via an ETC service provider between two trade counterparties for mutual comparison of the trade details
• sent by one trade party to allege the trade against its counterparty, either directly or via an ETC service provider

Maximum Length: 10000

12.3.2.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	GENL	M
20C	Reference	Sender's Message Refer­ence	:4!c//16x	M
23G		Function of the Message	4!c[/4!c]	M
98a	Date/Time	Preparation Date/Time	A, C, or E	O
22F	Indicator	Trade Transaction Type	:4!c/[8c]/4!c	M

 

Optional Repetitive Subsequence A1 Linkages

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	LINK	M
13a	Number Identifi­cation	Linked Message	A or B	O
20C	Reference	(see qualifier description)	:4!c//16x	M
16S		End of Block	LINK	M
16S		End of Block	GENL	M

 

Mandatory Sequence B Confirmation Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	CONFDET	M
98a	Date/Time	(see qualifier descrip­tion)	A, B, C, or E	M
90a	Price	Deal Price	A or B	M
92A	Rate	(see qualifier descrip­tion)	:4!c//[N]15d	O
99A	Number Count	(see qualifier descrip­tion)	:4!c//[N]3!n	O
94a	Place	(see qualifier descrip­tion)	B, C, or F	O
19A	Amount	Settlement Amount	:4!c//[N]3!a15d	O
22a	Indicator	(see qualifier descrip­tion)	F or H	M
11A	Currency	(see qualifier descrip­tion)	:4!c//3!a	O

 

Mandatory Repetitive Subsequence B1 Confirmation Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	CONFPRTY	M
95a	Party	(see qualifier descrip­tion)	P, Q, R, or S	M
97a	Account	(see qualifier descrip­tion)	A or B	O
98a	Date/Time	Processing Date/Time	A or C	O
20C	Reference	Processing Reference	:4!c//16x	O
70a	Narrative	(see qualifier descrip­tion)	C or E	O
22F	Indicator	(see qualifier descrip­tion)	:4!c/[8c]/4!c	O
s16S		End of Block	CONFPRTY	M

 

End of Subsequence B1 Confirmation Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
36B	Quantity of Finan­cial Instrument	Quantity of Financial Instrument Confirmed	:4!c//4!c/15d	M
35B		Identification of the Financial Instrument	[ISIN1!e12!c] [4*35x]	M

 

Optional Subsequence B2 Financial Instrument Attributes

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	FIA	M
94B	Place	Place of Listing	:4!c/[8c]/4!c[/30x]	O
22F	Indicator	(see qualifier descrip­tion)	:4!c/[8c]/4!c	O
12a	Type of Financial Instrument	(see qualifier descrip­tion)	A, B, or C	O
11A	Currency	Currency of Denomi­nation	:4!c//3!a	O
98A	Date/Time	(see qualifier descrip­tion)	:4!c//8!n	O
92A	Rate	(see qualifier descrip­tion)	:4!c//[N]15d	O
13a	Number Identifi­cation	(see qualifier descrip­tion)	A or B	O
17B	Flag	(see qualifier descrip­tion)	:4!c//1!a	O
90a	Price	(see qualifier descrip­tion)	A or B	O
36B	Quantity of Financial Instru­ment	(see qualifier descrip­tion)	:4!c//4!c/15d	O
35B		Identification of the Financial Instrument	[ISIN1!e12!c] [4*35x]	O
70E	Narrative	Financial Instrument Attribute Narrative	:4!c//10*35x	O
16S		End of Block	FIA	M

 

End of Subsequence B2 Financial Instrument Attributes

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
13B	Number Identifica­tion	Certificate Number	:4!c/[8c]/30x	O
70E	Narrative	(see qualifier descrip­tion)	:4!c//10*35x	O
16S		End of Block	CONFDET	M

 

Optional Sequence C Settlement Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	SETDET	M
22F	Indicator	(see qualifier descrip­tion)	:4!c/[8c]/4!c	M
11A	Currency	(see qualifier descrip­tion)	:4!c//3!a	O

 

Optional Repetitive Subsequence C1 Settlement Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	SETPRTY	M
95a	Party	(see qualifier descrip­tion)	C, P, Q, R, or S	M
97a	Account	Safekeeping Account	A or B	O
98a	Date/Time	Processing Date/Time	A or C	O
20C	Reference	Processing Reference	:4!c//16x	O
70a	Narrative	(see qualifier descrip­tion)	C or D	O
16S		End of Block	SETPRTY	M

 

Optional Repetitive Subsequence C2 Cash Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	CSHPRTY	M
95a	Party	(see qualifier descrip­tion)	P, Q, R, or S	M
97A	Account	(see qualifier descrip­tion)	:4!c//35x	O
98a	Date/Time	Processing Date/Time	A or C	O
20C	Reference	Processing Reference	:4!c//16x	O
70C	Narrative	Party Narrative	:4!c//4*35x	O
16S		End of Block	CSHPRTY	M

 

Optional Repetitive Subsequence C3 Amounts

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	AMT	M
17B	Flag	(see qualifier descrip­tion)	:4!c//1!a	O
19A	Amount	(see qualifier descrip­tion)	:4!c//[N]3!a15d	M
98a	Date/Time	Value Date/Time	A or C	O
92B	Rate	Exchange Rate	:4!c//3!a/3!a/15d	O
16S		End of Block	AMT	M

 

End of Subsequence C3 Amounts

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16S		End of Block	SETDET	M

 

Optional Repetitive Sequence D Other Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	OTHRPRTY	M
95a	Party	(see qualifier descrip­tion)	P, Q, R, or S	M
97a	Account	(see qualifier descrip­tion)	A or B	O
70C	Narrative	Party Narrative	:4!c//4*35x	O
20C	Reference	Processing Reference	:4!c//16x	O
16S		End of Block	OTHRPRTY	M

 

Optional Sequence E Two Leg Transaction Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	REPO	M
98a	Date/Time	(see qualifier description)	A, B, or C	O
22F	Indicator	(see qualifier description)	:4!c/[8c]/4!c	O
20C	Reference	(see qualifier description)	:4!c//16x	O
92a	Rate	(see qualifier description)	A, C, or F	O
99B	Number Count	(see qualifier description)	:4!c//3!n	O
19A	Amount	(see qualifier description)	:4!c//[N]3!a15d	O
70C	Narrative	Second Leg Narra­tive	:4!c//4*35x	O
16S		End of Block	REPO	M

12.3.3 MT 540 Receive Free

This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to instruct a receipt of financial instruments free of payment. It may also be used to request a cancellation or pre-advise an instruction.

Maximum Length: 10000

12.3.3.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	GENL	M
20C	Reference	Sender's Message Refer­ence	:4!c//16x	M
23G		Function of the Message	4!c[/4!c]	M
98a	Date/Time	Preparation Date/Time	A,C or E	O

 

Optional Repetitive Subsequence A1

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	LINK	M
20C	Reference	(see qualifier description)	:4!c//16x	M
36B	Quantity of Finan­cial Instrument	Quantity of Financial Instrument to be Paired-off	:4!c//4!c/15d	O
16S		End of Block	LINK	M
16S		End of Block	GENL	M

 

Mandatory Sequence B Trade Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	TRADDET	M
94B	Place	Place of Trade	:4!c/[8c]/4!c[/30x]	O
98a	Date/Time	(see qualifier description)	A, B, C, or E	M
90a	Deal	Deal Price	A or B	O
99A	Number Count	Number of Days Accrued	:4!c//[N]3!n	O
35B		Identification of the Finan­cial Instrument	[ISIN1!e12!c]	M
70E	Narrative	(see qualifier description)	:4!c//10*35x	O
16S		End of Block	TRADDET	M

 

Mandatory Repetitive Sequence C Financial Instrument/Account

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	FIAC	M
36B	Quantity of Finan­cial Instrument	Quantity of Financial Instrument to be settled	:4!c//4!c/15d	M
95a	Party	Account Owner	P or R	O
97a	Account	(see qualifier description)	A or B	M
16S		End of Block	FIAC	M

 

Optional Sequence D Two Leg Transaction Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	REPO	M
98a	Date/Time	(see qualifier descrip­tion)	A, B, or C	O
22F	Indicator	(see qualifier descrip­tion)	:4!c/[8c]/4!c	O
20C	Reference	(see qualifier descrip­tion)	:4!c//16x	O
92a	Rate	(see qualifier descrip­tion)	A, C, or F	O
19A	Amount	(see qualifier descrip­tion)	:4!c//[N]3!a15d	O
70C	Narrative	Second Leg Narrative	:4!c//4*35x	O
16S		End of Block	REPO	M

 

Mandatory Sequence E Settlement Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	SETDET	M
22F	Indicator	(see qualifier descrip­tion)	:4!c/[8c]/4!c	M

 

Mandatory Repetitive Subsequence E1 Settlement Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	SETPRTY	M
95a	Party	(see qualifier descrip­tion)	C, P, Q, R, or S	M
97a	Account	Safekeeping Account	A or B	O
16S		End of Block	SETPRTY	M

 

Optional Repetitive Subsequence E3 Amount

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	AMT	M
19A	Amount	(see qualifier descrip­tion)	:4!c//[N]3!a15d	M
16S		End of Block	AMT	M
16S		End of Block	SETDET	M

 

12.3.4 MT 541 Receive Against Payment

This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to instruct a receipt of financial instruments against payment. It may also be used to request a cancellation or pre-advise an instruction

Maximum Length: 10000

12.3.4.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	GENL	M
20C	Reference	Sender's Message Refer­ence	:4!c//16x	M
23G		Function of the Message	4!c[/4!c]	M
98a	Date/Time	Preparation Date/Time	A,C or E	O

 

Optional Repetitive Subsequence A1

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	LINK	M
20C	Reference	(see qualifier description)	:4!c//16x	M
36B	Quantity of Finan­cial Instrument	Quantity of Financial Instrument to be Paired-off	:4!c//4!c/15d	O
16S		End of Block	LINK	M
16S		End of Block	GENL	M

 

Mandatory Sequence B Trade Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	TRADDET	M
94B	Place	Place of Trade	:4!c/[8c]/4!c[/30x]	O
98a	Date/Time	(see qualifier description)	A, B, C, or E	M
90a	Deal	Deal Price	A or B	O
99A	Number Count	Number of Days Accrued	:4!c//[N]3!n	O
35B		Identification of the Finan­cial Instrument	[ISIN1!e12!c]	M
70E	Narrative	(see qualifier description)	:4!c//10*35x	O
16S		End of Block	TRADDET	M

 

Mandatory Repetitive Sequence C Financial Instrument/Account

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	FIAC	M
36B	Quantity of Finan­cial Instrument	Quantity of Financial Instrument to be settled	:4!c//4!c/15d	M
95a	Party	Account Owner	P or R	O
97a	Account	(see qualifier description)	A or B	M
16S		End of Block	FIAC	M

 

Optional Sequence D Two Leg Transaction Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	REPO	M
98a	Date/Time	(see qualifier descrip­tion)	A, B, or C	O
22F	Indicator	(see qualifier descrip­tion)	:4!c/[8c]/4!c	O
20C	Reference	(see qualifier descrip­tion)	:4!c//16x	O
92a	Rate	(see qualifier descrip­tion)	A, C, or F	O
19A	Amount	(see qualifier descrip­tion)	:4!c//[N]3!a15d	O
70C	Narrative	Second Leg Narrative	:4!c//4*35x	O
16S		End of Block	REPO	M

 

Mandatory Sequence E Settlement Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	SETDET	M
22F	Indicator	(see qualifier descrip­tion)	:4!c/[8c]/4!c	M

 

Mandatory Repetitive Subsequence E1 Settlement Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	SETPRTY	M
95a	Party	(see qualifier descrip­tion)	C, P, Q, R, or S	M
97a	Account	Safekeeping Account	A or B	O
16S		End of Block	SETPRTY	M

 

Optional Repetitive Subsequence E3 Amount

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	AMT	M
19A	Amount	(see qualifier descrip­tion)	:4!c//[N]3!a15d	M
16S		End of Block	AMT	M
16S		End of Block	SETDET	M

 

Repetitive Optional Sequence F Other Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	OTHRPRTY	M
95a	Party	(see qualifier descrip­tion)	C, P, R, Q or S	M
97A	Account	(see qualifier descrip­tion)	:4c//35x	O
70a	Narrative	(see qualifier descrip­tion)	E,D or C	O
20C	Reference	Reference	:4c//16x	O
16S		End of Block	OTHRPRTY	M

12.3.5 MT 542 Deliver Free

This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to instruct a delivery of financial instruments free of payment. It may also be used to request a cancellation or pre-advise an instruction.

Maximum Length: 10000

12.3.5.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	GENL	M
20C	Reference	Sender's Message Refer­ence	:4!c//16x	M
23G		Function of the Message	4!c[/4!c]	M
98a	Date/Time	Preparation Date/Time	A, C or E	O
99B	Number Count	(see qualifier description)	:4!c//3!n	O

 

Optional Repetitive Subsequence A1

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	LINK	M
20C	Reference	(see qualifier descrip­tion)	:4!c//16x	M
16S		End of Block	LINK	M
16S		End of Block	GENL	M

 

Mandatory Sequence B Trade Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	TRADDET	M
94B	Place	Place of Trade	:4!c/[8c]/4!c[/30x]	O
98a	Date/Time	(see qualifier description)	A, B, C, or E	M
90a	Price	Deal Price	A or B	O
35B		Identification of the Finan­cial Instrument	[ISIN1!e12!c]	M
16S		End of Block	TRADDET	M

 

Mandatory Repetitive Sequence C Financial Instrument/Account

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	FIAC	M
36B	Quantity of Finan­cial Instrument	Quantity of Financial Instrument to be Settled	:4!c//4!c/15d	M
95a	Party	Account Owner	P or R	O
97a	Account	(see qualifier description)	A or B	M
94a	Place	Place of Safekeeping	B, C, or F	O
16S		End of Block	FIAC	M

 

Optional Sequence D Two Leg Transaction Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	REPO	M
98a	Date/Time	Closing Date/Time	A, B, or C	O
22F	Indicator	(see qualifier descrip­tion)	:4!c/[8c]/4!c	O
20C	Reference	(see qualifier descrip­tion)	:4!c//16x	O
92a	Rate	(see qualifier descrip­tion)	A, C, or F	O
99B	Number Count	(see qualifier descrip­tion)	:4!c//3!n	O
19A	Amount	(see qualifier descrip­tion)	:4!c//[N]3!a15d	O
70C	Narrative	Second Leg Narrative	:4!c//4*35x	O
16S		End of Block	REPO	M

 

Mandatory Sequence E Settlement Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	SETDET	M
22F	Indicator	(see qualifier descrip­tion)	:4!c/[8c]/4!c	M

 

Mandatory Repetitive Subsequence E1 Settlement Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	SETPRTY	M
95a	Party	(see qualifier descrip­tion)	C, P, Q, R, or S	M
16S		End of Block	SETPRTY	M

 

Repetitive Optional Subsequence E2 Cash Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	CSHPRTY	M
95a	Party	(see qualifier descrip­tion)	P, R, Q or S	M
97A	Account	(see qualifier descrip­tion)	:4c//35x	O
70a	Narrative	(see qualifier descrip­tion)	E,D or C	O
16S		End of Block	CSHPRTY	M

 

Optional Repetitive Subsequence E3 Amount

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	AMT	M
19A	Amount	(see qualifier descrip­tion)	:4!c//[N]3!a15d	M
16S		End of Block	AMT	M
16S		End of Block	SETDET	M

 

Repetitive Optional Sequence F Other Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	OTHRPRTY	M
95a	Party	(see qualifier descrip­tion)	C, P, R, Q or S	M
97A	Account	(see qualifier descrip­tion)	:4c//35x	O
70a	Narrative	(see qualifier descrip­tion)	E,D or C	O
20C	Refer­ence	Reference	:4c//16x	O
16S		End of Block	OTHRPRTY	M

 

12.3.6 MT 543 Deliver Against Payment

This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to instruct a delivery of financial instruments against payment. It may also be used to request a cancellation or pre-advise an instruction.

Maximum Length: 10000

12.3.6.1 Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	GENL	M
20C	Reference	Sender's Message Refer­ence	:4!c//16x	M
23G		Function of the Message	4!c[/4!c]	M
98a	Date/Time	Preparation Date/Time	A, C or E	O
99B	Number Count	(see qualifier description)	:4!c//3!n	O

 

Optional Repetitive Subsequence A1

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	LINK	M
16S		End of Block	LINK	M
16S		End of Block	GENL	M

 

Mandatory Sequence B Trade Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	TRADDET	M
94B	Place	Place of Trade	:4!c/[8c]/4!c[/30x]	O
98a	Date/Time	(see qualifier description)	A, B, C, or E	M
90a	Price	Deal Price	A or B	O
35B		Identification of the Finan­cial Instrument	[ISIN1!e12!c]	M
16S		End of Block	TRADDET	M

 

Mandatory Repetitive Sequence C Financial Instrument/Account

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	FIAC	M
36B	Quantity of Financial Instrument	Quantity of Finan­cial Instrument to be Settled	:4!c//4!c/15d	M
95a	Party	Account Owner	P or R	O
97a	Account	(see qualifier description)	A or B	M
16S		End of Block	FIAC	M

 

Optional Sequence D Two Leg Transaction Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	REPO	M
98a	Date/Time	(see qualifier descrip­tion)	A, B, or C	O
22F	Indicator	(see qualifier descrip­tion)	:4!c/[8c]/4!c	O
20C	Reference	(see qualifier descrip­tion)	:4!c//16x	O
92a	Rate	(see qualifier descrip­tion)	A, C, or F	O
99B	Number Count	(see qualifier descrip­tion)	:4!c//3!n	O
19A	Amount	(see qualifier descrip­tion)	:4!c//[N]3!a15d	O
70C	Narrative	Second Leg Narrative	:4!c//4*35x	O
16S		End of Block	REPO	M

 

Mandatory Sequence E Settlement Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	SETDET	M
22F	Indicator	(see qualifier descrip­tion)	:4!c/[8c]/4!c	M
95a	Party	(see qualifier descrip­tion)	C, P, Q, R, or S	M

 

Repetitive Optional Subsequence E2 Cash Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	CSHPRTY	M
95a	Party	(see qualifier descrip­tion)	P, R, Q or S	M
97A	Account	(see qualifier descrip­tion)	:4c//35x	O
70a	Narrative	(see qualifier descrip­tion)	E,D or C	O
16S		End of Block	CSHPRTY	M

 

Mandatory Repetitive Subsequence E3 Amount

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	AMT	M
19A	Amount	(see qualifier descrip­tion)	:4!c//[N]3!a15d	M
16S		End of Block	AMT	M
16S		End of Block	SETDET	M

 

Repetitive Optional Sequence F Other Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	OTHRPRTY	M
95a	Party	(see qualifier descrip­tion)	C, P, R, Q or S	M
97A	Account	(see qualifier descrip­tion)	:4c//35x	O
70a	Narrative	(see qualifier descrip­tion)	E,D or C	O
20C	Reference	Reference	:4c//16x	O
16S		End of Block	OTHRPRTY	M

12.3.7 MT 592 Request for Cancellation

This message type is sent by a financial institution to request a second financial institution to consider cancellation of the SWIFT message identified in the request.

If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, ie, reversal, with the beneficiary's consent.

Maximum Length: 2000

12.3.7.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Number	16x	M
21	Related Reference	16x	M
11S	MT and Date of the Original Message	3!n 6!n [4!n6!n]	M
79	Narrative Description of the Original Message	35*50x	O
	Copy of at least the Mandatory Fields of the Original Message	Copy of fields	O

12.3.8 MT 598 Proprietary Message

This message type is used by financial institutions, with their own offices, and/or with other financial institutions with which they have established bilateral agreements.

It is used as an envelope for a specified message included in it.

It allows for the definition of a unique format for which another message type is not available or applicable.

It also allows financial institutions to use message types which are awaiting live implementation on the SWIFT system.

Maximum Length: 10000

12.3.8.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Num­ber	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	120*78x	M

12.4 Treasury Markets - Metals

This section contains the following topics:

• Section 12.4.1, "MT 643 Notice of Drawdown/Renewal"
• Section 12.4.2, "MT 644 Advice of Rate and Amount Fixing"
• Section 12.4.3, "MT 645 Notice of Fee Due"
• Section 12.4.4, "MT 646 Payment of Principal and/or of Interest"
• Section 12.4.5, "MT 649 General Syndicated Facility Message"

12.4.1 MT 643 Notice of Drawdown/Renewal

This message type is sent by the agent of the facility to the providers of funds.

It gives notice of the borrower(s) request for drawdown(s)/renewal(s) on a given date. This request may require the provision of new funds or the re-borrowing of previously disbursed funds.

The MT 643 allows for the handling of drawdown(s)/renewal(s) with differing characteristics. It specifies the currency (ies), amount(s), period(s) and interest rate origin(s).

Maximum Length: 2000

12.4.1.1 Format Specifications

Mandatory Sequence A Identification of the Facility

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Num­ber	16x	M
21	Related Reference	16x	O
23	Further Identification	16x	M
27	Sequence of Total	1!n/1!n	O
29A	From	4*35x	O
29B	To the Attention of	4*35x	O
88D	Borrower(s)	[/1!a][/34x] 4*35x	M
32A	Original Facility Amount	6!n3!a15d	M

 

Optional Repetitive Sequence B Existing Drawings

Field Tag	Field Name	Format	Mandatory/Optional
26P	Drawing Identification	3!a/4x	M
31F	Drawdown Period	6!n[/6!n][//35x]	O
32P	Repayment of Principal	6!n3!a15d	O
33a	Interest Amount	P or R	M
71C	Details of Adjustments	6*35x	O
34a	Net Interest Amount	P or R	O
57a	Account With Institution	A, B, or D	O
72	Sender to Receiver Informa­tion	6*35x	O

 

Mandatory Repetitive Sequence C New Drawing(s)

Field Tag	Field Name	Format	Mandatory/Optional
26N	Drawing Identification (New)	3!a/4x	M
32E	Selected Currency	3!a	O
31F	Drawdown Period	6!n[/6!n][//35x]	M
31R	Rate Fixing Date	6!n[/6!n]	O
32B	Amount of Drawdown	3!a15d	M
33B	Receiver's Participation	3!a15d	M
57a	Account With Institution	A, B, or D	O
72	Sender to Receiver Informa­tion	6*35x	O

12.4.2 MT 644 Advice of Rate and Amount Fixing

This message type is sent by the agent of the facility to the providers of funds.

It specifies the interest rate applicable for a drawdown/renewal for a specified interest period, whether the end date of that period is set or not. When applicable, this message type will also set the exchange rate.

Maximum Length: 2000

12.4.2.1 Format Specifications

Mandatory Sequence A Identification of the Facility

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Num­ber	16x	M
21	Related Reference	16x	O
27	Sequence of Total	1!n/1!n	O
29A	From	4*35x	O
29B	To the Attention of	4*35x	O
88D	Borrower(s)	[/1!a][/34x] 4*35x	M
32A	Original Facility Amount	6!n3!a15d	M

 

Mandatory Repetitive Sequence B Specification of the Drawing and Related Data

Field Tag	Field Name	Format	Mandatory/Optional
26a	Drawing Identification	N or P	M
31F	Interest Period	6!n[/6!n][//35x]	M
33B	Receiver's Participation	3!a15d	O
36	Exchange Rate	12d	O
37G	Basis Rate	[N]12d	M
37M	Interest Margin	[N]12d	O
37R	Reserve Interest	[N]12d	O
37a	Total Interest Rate	A, B, C, D, E, or F	O
34a	Differential Amount	P or R	O
57a	Account With Institution	A, B, or D	O
72	Sender to Receiver Information	6*35x	O

 

12.4.3 MT 645 Notice of Fee Due

This message type is sent by the agent of the facility to the signatories thereto or to the parties to the offer.

It specifies flat and variable fees, payable on the same date, which are due to the Receiver.

Maximum Length: 2000

12.4.3.1 Format Specifications

Mandatory Sequence A Identification of the Facility and Flat Fees

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Num­ber	16x	M
21	Related Reference	16x	O
29A	From	4*35x	O
29B	To the Attention of	4*35x	O
88D	Borrower(s)	[/1!a][/34x] 4*35x	M
32A	Original Facility Amount	6!n3!a15d	M
71B	Flat Fees	6*35x	O

 

Optional Repetitive Sequence B Variable Fees

Field Tag	Field Name	Format	Mandatory/Optional
23	Type of Fee	16x	M
31F	Fee Period	6!n[/6!n][//35x]	M
33B	Computation Base Amount	3!a15d	O
34B	Fee Amount	3!a15d	M
37a	Fee Rate	A, B, C, D, E, or F	O
72	Sender to Receiver Informa­tion	6*35x	O

 

Mandatory Sequence C Summation of Fees

Field Tag	Field Name	Format	Mandatory/Optional
71C	Summary of Variable Fees	6*35x	O
33A	Total Fees	6!n3!a15d	M
34A	Amount to be Transferred	6!n3!a15d	O
57a	Account With Institution	A, B, or D	O
72	Sender to Receiver Informa­tion	6*35x	O

12.4.4 MT 646 Payment of Principal and/or of Interest

This message type is sent by the agent of a facility to the providers of funds.

It provides advice of payments and/or prepayments of principal and/or payment of interest on the same value date, which are not related to any subsequent drawing or renewal. It specifies (to the Receiver) the amount with respect to principal and/or interest.

Maximum Length: 2000

12.4.4.1 Format Specifications

Mandatory Sequence A Identification of the Facility

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Num­ber	16x	M
21	Related Reference	16x	O
23	Further Identification	16x	M
29A	From	4*35x	O
29B	To the Attention of	4*35x	O
88D	Borrower(s)	[/1!a][/34x] 4*35x	M
32A	Original Facility Amount	6!n3!a15d	M
26P	Drawing Identification	3!a/4x	O

 

Mandatory Repetitive Sequence B Interest Calculation

Field Tag	Field Name	Format	Mandatory/Optional
31F	Interest Period	6!n[/6!n][//35x]	O
33B	Computation Base Amount	3!a15d	O
34N	Interest Amount	[N]6!n3!a15d	O
37a	Interest Rate	A, B, C, D, E, or F	O
72	Sender to Receiver Informa­tion	6*35x	O

 

Mandatory Sequence C Principal Payment/Sum of Interest Due

Field Tag	Field Name	Format	Mandatory/Optional
32A	Total Principal Amount Repaid/Prepaid	6!n3!a15d	M
32N	Principal Amount Due to Receiver	[N]6!n3!a15d	O
33N	Gross Interest Amount Due to Receiver	[N]6!n3!a15d	O
34N	Net Interest Amount Due to Receiver	[N]6!n3!a15d	O
34a	Total Amount Transferred	P or R	O
57a	Account With Institution	A, B, or D	O
71C	Details of Adjustments	6*35x	O
72	Sender to Receiver Information	6*35x	O

12.4.5 MT 649 General Syndicated Facility Message

This message type may be sent by any financial institution involved in a facility to another financial institution in the facility.

It is used for any communications related to syndicated facilities for which specific message types have not been defined.

This message type may be used throughout the life of the facility.

Maximum Length: 2000

12.4.5.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Num­ber	16x	M
21	Related Reference	16x	O
27	Sequence of Total	1!n/1!n	O
29A	From	4*35x	O
29B	To the Attention of	4*35x	O
88D	Borrower(s)	[/1!a][/34x] 4*35x	M
32a	Facility Amount	A or B	O
79	Narrative	35*50x	M

12.5 Documentary Credits

This section contains the following topics:

• Section 12.5.1, "MT 700 Issue of a Documentary Credit"
• Section 12.5.2, "MT 701 Issue of a Documentary Credit"
• Section 12.5.3, "MT 705 Pre-Advice of a Documentary Credit"
• Section 12.5.4, "MT 707 Amendment to a Documentary Credit"
• Section 12.5.5, "MT 708 Amendment to a Documentary Credit"
• Section 12.5.6, "MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit"
• Section 12.5.7, "MT 711 Advice of a Third Bank’s or a Non-Bank’s Documentary Credit"
• Section 12.5.8, "MT 720 Transfer of a Documentary Credit"
• Section 12.5.9, "MT 721 Transfer of a Documentary Credit"
• Section 12.5.10, "MT 730 Acknowledgement"
• Section 12.5.11, "MT 732 Advice of Discharge"
• Section 12.5.12, "MT 734 Advice of Refusal"
• Section 12.5.13, "MT 740 Authorization to Reimburse"
• Section 12.5.14, "MT 742 Reimbursement Claim"
• Section 12.5.15, "MT 744 Notice of Non-Conforming Reimbursement Claim"
• Section 12.5.16, "MT 747 Amendment to an Authorization to Reimburse"
• Section 12.5.17, "MT 750 Advice of Discrepancy"
• Section 12.5.18, "MT 752 Authorization to Pay, Accept or Negotiate"
• Section 12.5.19, "MT 754 Advice of Payment/Acceptance/Negotiation"
• Section 12.5.20, "MT 756 Advice of Reimbursement or Payment"
• Section 12.5.21, "MT (770/700/701) Application for Issuance of Documentary Credit – C2B"
• Section 12.5.22, "MT (771/700/701) Notification of Issuance of Documentary Credit – B2C"
• Section 12.5.23, "MT (774/700/701) Advice of Letter of Credit – B2C"
• Section 12.5.24, "MT (780/710/711) Advice of Third Bank Documentary Credit – B2C"
• Section 12.5.25, "MT (772/707/708) Request for amendment of Documentary Credit - C2B"
• Section 12.5.26, "MT (773/707/708) Notification of amendment of Documentary Credit - B2C"
• Section 12.5.27, "MT (776/707/708) Advice of Amendment of Documentary Credit - B2C"
• Section 12.5.28, "MT (735) Advice of Acceptance/Refusal of Amendment – C2B"
• Section 12.5.29, "MT (736) Notification of Acceptance/Refusal of Amendment – B2C"
•  
• Section 12.5.30, "MT 722 Request for Transfer of Export LC – C2B"
• Section 12.5.31, "MT (723/720/721) Notification of Transfer of Export LC – B2C"
• Section 12.5.32, "MT (782/720/721) Advice of Transfer of Export LC – B2C"
•  
• Section 12.5.33, "MT (738) - Response to Advice of Discrepant Presentation"
• Section 12.5.34, "MT (749) - LC Discrepancy Response"
• Section 12.5.35, "MT (748/750) - Advice of Discrepancy"
• Section 12.5.36, "MT (733/734) Notification of Advice of Refusal"
• Section 12.5.37, "MT (731/732) - Notification of Advice of Discharge"
• Section 12.5.38, "MT 753 - Notification of Advice of Payment/Acceptance/Negotiation"
• Section 12.5.39, "MT798(755) - Notification of Advice of Reimbursement or Payment"
• Section 12.5.40, "MT 737 - Response to Documentary Credit Presentation"
• Section 12.5.41, "MT 757 - Settlement of Import Documentary Credit"
• Section 12.5.42, "MT 758 - Settlement of Export Documentary Credit"
• Section 12.5.44, "MT 751 - Notification of Authorisation to Pay, Accept or Negotiate"
• Section 12.5.45, "MT 798 for Free Format Message - Bank-to-Corporate - 789"

12.5.1 MT 700 Issue of a Documentary Credit

This message is sent by the issuing bank to the advising bank.

It is used to indicate the terms and conditions of a documentary credit which has been originated by the Sender (issuing bank).

The system follows the below STP process for incoming MT700 message:

1. When the Advising Bank receives this message, the system compares tag value of 20 in MT700 against the field ‘Source Reference’ and checks for the existence of the Pre-advice contract.

• If a contract does not exist, then the system creates a new Export LC contract.
• If an inactive or unauthorized contract exists, then the system moves MT700 message to a ‘Repair’ status.
• If an active and authorized contract exists, then the system amends the operation of the contract from PAD to ADV (advice) or ANC (advice & confirm).
  • If the change is from PAD to ADV, then the system triggers APAD event.
  • If the change is from PAD to ANC, then the system triggers APAC event.

2. The system compares the common fields available in MT705 and MT700 Swift messages, if the check box ‘Pre-advice Fields Validation on STP of 700 Required’ is checked.

• If the any of the fields in both the messages are different, then the system moves the contract in ‘Repair’ status, which can be resolved and processed manually. The system updates ‘Mismatch between Pre-advice and Operative LC’ as the ‘Repair’ reason.
• If any field values are missing in a contract created out of MT705 message, the system updates these values with those available in MT700.

3. The system overwrites all the values of the contract with those available in MT700 message, if the check box ‘Pre-advice Fields Validation on STP of 700 Required’ is unchecked.

Maximum Length: 10000

• Up to eight MT701s may be sent in addition to the MT700.
• Information conveyed in a designated field in this message must not repeat information in the same field in the related MT 700. Information in this message must not conflict with any information that is present in the related MT 700.

12.5.1.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
27	Sequence of Total	1!n/1!n	M
40A	Form of Documentary Credit	24x	M
20	Documentary Credit Number	16x	M
23	Reference to Pre-Advice	16x	O
31C	Date of Issue	6!n	M
40E	Applicable Rules	30x[/35x]	M
31D	Date and Place of Expiry	6!n29x	M
51a	Applicant Bank	A or D	O
50	Applicant	4*35x	M
59	Beneficiary	[/34x] 4*35x	M
32B	Currency Code, Amount	3!a15d	M
39A	Percentage Credit Amount Tolerance	2n/2n	O
39C	Additional Amounts Covered	4*35x	O
41a	Available With ... By ...	A or D	M
42C	Drafts at ...	3*35x	O
42a	Drawee	A or D	O
42M	Mixed Payment Details	4*35x	O
42P	Negotiation/Deferred Payment Details	4*35x	O
43P	Partial Shipments	1*35x	O
43T	Transhipment	1*35x	O
44A	Place of Taking in Charge/Dispatch from .../Place of Receipt	1*65x	O
44E	Port of Loading/Airport of Departure	1*65x	O
44F	Port of Discharge/Airport of Destination	1*65x	O
44B	Place of Final Destination/For Transporta­tion to .../Place of Delivery	1*65x	O
44C	Latest Date of Shipment	6!n	O
44D	Shipment Period	6*65x	O
45A	Description of Goods and/or Services	100*65z	O
46A	Documents Required	100*65z	O
47A	Additional Conditions	100*65z	O
71D	Charges	6*35z	O
48	Period for Presentation in Days	3n[/35x]	O
49	Confirmation Instructions	7!x	M
49G	Special Payment Conditions for Benefi­ciary	100*65z	O
49H	Special Payment Conditions for Receiving Bank	100*65z	O
53a	Reimbursing Bank	A or D	O
78	Instructions to the Paying/Accepting/Nego­tiating Bank	12*65x	O
57a	'Advise Through' Bank	A, B, or D	O
72Z	Sender to Receiver Information	6*35z	O
58a	Requested Confirmation Party	[/1!a][/34x]	O

12.5.2 MT 701 Issue of a Documentary Credit

This message is sent by the issuing bank to the advising bank.

It is used to indicate the terms and conditions of a documentary credit which has been originated by the Sender (issuing bank).

This message is sent in addition to an MT 700 Issue of a Documentary Credit, when the information in the documentary credit exceeds the maximum input message length of the MT 700.

Maximum Length: 10000

12.5.2.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
27	Sequence of Total	1!n/1!n	M
20	Documentary Credit Number	16x	M
45A	Description of Goods and/or Services	100*65z	O
46A	Documents Required	100*65z	O
47A	Additional Conditions	100*65z	O
49G	Special Payment Conditions for Ben­eficiary	100*65z	O
49H	Special Payment Conditions for Receiving Bank	100*65z	O

12.5.3 MT 705 Pre-Advice of a Documentary Credit

This message is sent by the issuing bank to the advising bank.

It is a brief advice of a documentary credit, the full details of which will follow.

The pre-advice is not an operative credit instrument. Unless otherwise stated, the issuing bank must forward the operative credit instrument, i.e., MT 700 Issue of a Documentary credit, without delay.

Maximum Length: 2000

When an Advising Bank receives this message, the system creates a Pre-advice Export LC contract automatically through STP processing.

12.5.3.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
40A	Form of Documentary Credit	24x	M
20	Documentary Credit Number	16x	M
31D	Date and Place of Expiry	6!n29x	M
50	Applicant	4*35x	M
59	Beneficiary	[/34x] 4*35x	M
32B	Currency Code, Amount	3!a15d	M
39A	Percentage Credit Amount Tolerance	2n/2n	O
39C	Additional Amounts Covered	4*35x	O
41a	Available With ... By ...	A or D	O
44A	Place of Taking in Charge/Dispatch from .../Place of Receipt	1*65x	O
44E	Port of Loading/Airport of Departure	1*65x	O
44F	Port of Discharge/Airport of Destina­tion	1*65x	O
44B	Place of Final Destination/For Trans­portation to .../Place of Delivery	1*65x	O
44C	Latest Date of Shipment	6!n	O
79Z	Narrative	6*35z	O

12.5.4 MT 707 Amendment to a Documentary Credit

This message is sent by issuing bank to the advising bank. It is also sent by an advising bank to another advising bank or by a transferring bank to an advising bank.

This message informs the Receiver of amendments to the terms and conditions of a documentary credit.

You can sent up to eight MT708s in addition to the MT707.

Information conveyed in a designated field in this message must not repeat information in the same field in the related MT 707. Information in this message must not conflict with any information that is present in the related MT 707.

Maximum Length: 10000

12.5.4.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
27	Sequence of Total	1!n/1!n	M
20	Sender's Reference	16x	M
21	Receiver's Reference	16x	M
21A	Documentary Credit Number	16x	M
23	Issuing Bank's Reference	16x	M
52a	Issuing Bank	A or D	O
50	Changed Application Details	4*35x	O
50B	Non-bank Issuer	4*35x	O
31C	Date of Issue	6!n	M
26E	Number of Amendment	3n	M
30	Date of Amendment	6!n	M
22A	Purpose of Message	4!c	M
23S	Cancellation Request	6!a	M
40A	Form of Documentary Credit	24x	O
40E	Applicable Rules	30x[/35x]	O
31D	Date and Place of Expiry	6!n29x	O
59	Beneficiary	[/34x] 4*35x	O
32B	Increase of Documentary Credit Amount	3!a15d	O
33B	Decrease of Documentary Credit Amount	3!a15d	O
39A	Percentage Credit Amount Tolerance	2n/2n	O
39C	Additional Amounts Covered	4*35x	O
41a	Available With .... By ...	A or D	O
42C	Drafts at...	3*35x	O
42a	Drawee	A or D	O
42M	Mixed Payment Details	4*35x	O
42P	Negotiation/Deferred Payment Details	4*35x	O
43P	Partial Shipments	11x	O
43T	Transhipment	11x	O
44A	Place of Taking in Charge/Dispatch from.../Place of Receipt	65x	O
44E	Port of Loading/Airport of Departure	65x	O
44F	Port of Discharge/Airport of Destination	65x	O
44B	Place of Final Destination/For Transpor­tation to.../Place of Delivery	65x	O
44C	Latest Date of Shipment	6!n	O
44D	Shipment Period	6*65x	O
45B	Description of Goods and/or Services	100*65z	O
46B	Documents Required	100*65z	O
47B	Additional Conditions	100*65z	O
49M	Special Payment Conditions for Benefi­ciary	100*65z	O
49N	Special Payment Conditions for Receiv­ing Bank	100*65z	O
71D	Charges	6*35z	O
71N	Amendment Charge Payable By	/4!c/[6*35z]	O
72Z	Sender To Receiver Information	6*35z	O
57a	‘Advice through’ Bank	A, B or D	O
78	Instructions to the Paying/Accepting/Negotiaiting Bank	12*65	O
53a	Reimbursing Bank	A or D	O
58a	Requested Confirmation Party	A or D	O
49	Confirmation Instructions	7!x	O
48	Period for Presentation in Days	3n[/35x]	O

Note

Field 72 will be split into two if the total length of the field exceeds 1750 characters.

12.5.5 MT 708 Amendment to a Documentary Credit

This message is sent in conjunction with the MT 707 message by the party that issues the amendment. This message specifies the wording of the amendment.

12.5.5.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
27	Sequence of Total	1!n/1!n	M
20	Sender's Reference	16x	M
21A	Documentary Credit Number	16x	M
26E	Number of Amendment	3n	M
30	Date of Amendment	6!n	M
45B	Description of Goods and/or Services	100*65z	O
46B	Documents Required	100*65z	O
47B	Additonal Conditions	100*65z	O
49G	Special Payment Conditions for Benefi­ciary	100*65z	O
49H	Special Payment Conditions for Receiv­ing Bank	100*65z	O

12.5.6 MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

This message is sent by an advising bank, which has received a documentary credit from the issuing bank or the non-bank issuer, to the bank advising the beneficiary or another advising bank.

It is used to advise the Receiver about the terms and conditions of a documentary credit.

Maximum Length: 10000

12.5.6.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
27	Sequence of Total	1!n/1!n	M
40B	Form of Documentary Credit	24x 24x	M
20	Sender's Reference	16x	M
21	Documentary Credit Number	16x	M
23	Reference to Pre-Advice	16x	O
31C	Date of Issue	6!n	M
40E	Applicable Rules	30x[/35x]	M
31D	Date and Place of Expiry	6!n29x	M
52a	Issuing Bank	A or D	O
50B	Non-Bank Issuer	4*35x	O
51a	Applicant Bank	A or D	O
50	Applicant	4*35x	M
59	Beneficiary	[/34x] 4*35x	M
32B	Currency Code, Amount	3!a15d	M
39A	Percentage Credit Amount Tolerance	2n/2n	O
39B	Maximum Credit Amount	13x	O
39C	Additional Amounts Covered	4*35x	O
41a	Available With ... By ...	A or D	M
42C	Drafts at ...	3*35x	O
42a	Drawee	A or D	O
42M	Mixed Payment Details	4*35x	O
42P	Negotiation/Deferred Payment Details	4*35x	O
43P	Partial Shipments	11x	O
43T	Transhipment	1*35x	O
44A	Place of Taking in Charge/Dispatch from .../Place of Receipt	1*65x	O
44E	Port of Loading/Airport of Departure	1*65x	O
44F	Port of Discharge/Airport of Destination	1*65x	O
44B	Place of Final Destination/For Transporta­tion to .../Place of Delivery	1*65x	O
44C	Latest Date of Shipment	6!n	O
44D	Shipment Period	6*65x	O
45A	Description of Goods and/or Services	100*65z	O
46A	Documents Required	100*65z	O
47A	Additional Conditions	100*65z	O
49G	Special Payment Conditions for Benefi­ciary	100*65z	O
49H	Special Payment Conditions for Receiving Bank	100*65z	O
71D	Charges	6*35z	O
48	Period for Presentation in Days	3n[/35x]	O
49	Confirmation Instructions	7!x	M
58a	Requested Confirmation Party	A or D	O
53a	Reimbursing Bank	A or D	O
78	Instructions to the Paying/Accepting/Nego­tiating Bank	12*65x	O
57a	'Advise Through' Bank	A, B, or D	O
72Z	Sender to Receiver Information	6*35z	O

12.5.7 MT 711 Advice of a Third Bank’s or a Non-Bank’s Documentary Credit

This message is sent by an advising bank, which has received a documentary credit from the issuing bank or the non-bank issuer, to the bank advising the beneficiary or another advising bank.

It is used to advise the Receiver about the terms and conditions of a documentary credit.

This message is sent in addition to an MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit, when the information in the documentary credit exceeds the maximum input message length of the MT 710.

Maximum Length: 10000

12.5.7.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
27	Sequence of Total	1!n/1!n	M
20	Sender’s Reference	16x	M
21	Documentary Credit Number	16x	M
45A	Description of Goods and/or Services	100*65z	O
46A	Documents Required	100*65z	O
47A	Additional Conditions	100*65z	O
49G	Special Payment Conditions for Benefi­ciary	100*65z	O
49H	Special Payment Conditions for Receiving Bank	100*65z	O

12.5.8 MT 720 Transfer of a Documentary Credit

When a beneficiary has requested the transfer of a documentary credit - originally issued by a bank or a non-bank - to a second beneficiary, this message is sent by the bank authorized to advise the transfer of the documentary credit, to the bank advising the second beneficiary.

It is used to advise the Receiver about the terms and conditions of the transferred documentary credit, or part thereof.

Maximum Length: 10000

The system follows the below STP process for MT720 message:

1. Upto 8 MT721 can be sent in additional to MT 720 messages.
2. Information related to designated field in this message should not repeat in the field related to MT 720.
3. Information message should not conflict with the information present related to MT 720.

 

12.5.8.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
27	Sequence of Total	1!n/1!n	M
40B	Form of Documentary Credit	24x 24x	M
20	Transferring Bank's Reference	16x	M
21	Documentary Credit Number	16x	M
31C	Date of Issue	6!n	M
40E	Applicable Rules	30x[/35x]	M
31D	Date and Place of Expiry	6!n29x	M
52a	Issuing Bank of the Original Documentary Credit	A or D	O
50B	Non-Bank Issuer of the Original Docu­mentary Credit	4*35x	O
50	First Beneficiary	4*35x	M
59	Second Beneficiary	[/34x] 4*35x	M
32B	Currency Code, Amount	3!a15d	M
39A	Percentage Credit Amount Tolerance	2n/2n	O
39B	Maximum Credit Amount	13x	O
39C	Additional Amounts Covered	4*35x	O
41a	Available With ... By ...	A or D	M
42C	Drafts at ...	3*35x	O
42a	Drawee	A or D	O
42M	Mixed Payment Details	4*35x	O
42P	Negotiation/Deferred Payment Details	4*35x	O
43P	Partial Shipments	11x	O
43T	Transhipment	11x	O
44A	Place of Taking in Charge/Dispatch from .../Place of Receipt	1*65x	O
44E	Port of Loading/Airport of Departure	1*65x	O
44F	Port of Discharge/Airport of Destination	1*65x	O
44B	Place of Final Destination/For Transporta­tion to .../Place of Delivery	1*65x	O
44C	Latest Date of Shipment	6!n	O
44D	Shipment Period	6*65x	O
45A	Description of Goods and/or Services	100*65z	O
46A	Documents Required	100*65z	O
47A	Additional Conditions	100*65z	O
49G	Special Payment Conditions for Benefi­ciary	100*65z	O
49H	Special Payment Conditions for Receiving Bank	100*65z	O
71D	Charges	6*35z	O
48	Period for Presentation in Days	3n[/35x]	O
49	Confirmation Instructions	7!x	M
58a	Requested Confirmation Party	A or D	O
78	Instructions to the Paying/Accepting/Negotiating Bank	12*65x	O
57a	‘Advise Through’ Bank	A, B or D	O
72Z	Sender to Receiver Information	6*35z	O

12.5.9 MT 721 Transfer of a Documentary Credit

When a beneficiary has requested the transfer of a documentary credit - originally issued by a bank or a non-bank - to a second beneficiary, this message is sent by the bank authorized to advise the transfer of the documentary credit, to the bank advising the second beneficiary.

It is used to advise the Receiver about the terms and conditions of the transferred documentary credit, or part thereof.

The message is sent in addition to an MT 720 Transfer of a Documentary Credit, when the information in the documentary credit exceeds the maximum input message length of the MT 720.

Maximum Length: 10000

12.5.9.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
27	Sequence of Total	1!n/1!n	M
20	Sender’s Reference	16x	M
21	Documentary Credit Number	16x	M
45A	Description of Goods and/or Services	100*65z	O
46A	Documents Required	100*65z	O
47A	Additional Conditions	100*65z	O
49G	Special Payment Conditions for Benefi­ciary	100*65z	O
49H	Special Payment Conditions for Receiving Bank	100*65z	O

12.5.10 MT 730 Acknowledgement

This message is used to acknowledge receipt of any documentary credit message. When applicable, it may also explicitly indicate that the message has been forwarded according to instructions.

This message type may also be used:

• to account for bank charges
• to advise of acceptance or rejection of an amendment of a credit

Maximum Length: 2000

12.5.10.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Sender's Reference	16x	M
21	Receiver's Reference	16x	M
25	Account Identification	35x	O
30	Date of Message Being Acknowledged	6!n	M
32a	Amount of Charges	B or D	O
57a	Account With Bank	A or D	O
71D	Charges	6*35z	O
72Z	Sender to Receiver Information	6*35z	O
79Z	Narrative	35*50z	O

12.5.11 MT 732 Advice of Discharge

This message is typically sent by the issuing bank to the paying/negotiating or accepting bank. It may also be sent by the paying/accepting/negotiating bank to the bank from which it has received documents.

It is used to advise the Receiver that the documents received with discrepancies have been taken up.

Maximum Length: 2000

12.5.11.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Sender's TRN	16x	M
21	Presenting Bank's Reference	16x	M
30	Date of Advice of Payment/Accept­ance/Negotiation	6!n	M
32B	Amount of Utilization	3!a15d	M
72Z	Sender to Receiver Information	6*35z	O

12.5.12 MT 734 Advice of Refusal

Advises the refusal of documents that are not in accordance with the terms and conditions of a documentary credit

Maximum Length: 10000

12.5.12.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Sender's TRN	16x	M
21	Presenting Bank's Reference	16x	M
32A	Date and Amount of Utilization	6!n3!a15d	M
73A	Charges Claimed	6*35z	O
33a	Total Amount Claimed	A or B	O
57a	Account With Bank	A, B or D	O
72Z	Sender to Receiver Informa­tion	6*35z	O
77J	Discrepencies	70*50x	O
77B	Disposal of Documents	3*35x	M

Note

Field 77B will have the following format for line 1 –3:

• Line 1: /8c/[additional information]
• Line 2-6: [//add'l information]

The following codes are supported for field 77B:

• HOLD
• RETURN

12.5.13 MT 740 Authorization to Reimburse

This message is sent by the issuing bank to the reimbursing bank.

It is used to request the Receiver to honour claims for reimbursement of payment(s) or negotiation(s) under a documentary credit.

The MT 740 authorizes the reimbursing bank to debit the account of the Sender, or one of the Sender's branches if so indicated, for reimbursements effected in accordance with the instructions in the MT 740.

Maximum Length: 2000

12.5.13.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Documentary Credit Number	16x	M
25	Account Identification	35x	O
40F	Applicable Rules	30x	M
31D	Date and Place of Expiry	6!n29x	O
58a	Negotiating Bank	A or D	O
59	Beneficiary	[/34x] 4*35x	O
32B	Credit Amount	3!a15d	M
39A	Percentage Credit Amount Toler­ance	2n/2n	O
39B	Maximum Credit Amount	13x	O
39C	Additional Amounts Covered	4*35x	O
41a	Available With ... By ...	A or D	M
42C	Drafts at ...	3*35x	O
42a	Drawee	A or D	O
42M	Mixed Payment Details	4*35x	O
42P	Negotiation/Deferred Payment Details	4*35x	O
71A	Reimbursing Bank's Charges	3!a	O
71D	Other Charges	6*35z	O
72Z	Sender to Receiver Information	6*35z	O

12.5.14 MT 742 Reimbursement Claim

This message is sent by the paying/negotiating bank to the bank authorized to reimburse the Sender for its payments/negotiations.

It is used to claim reimbursement of payment(s) or negotiation(s) under a documentary credit, as relevant to the reimbursing bank.

Maximum Length: 2000

12.5.14.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Claiming Bank's Reference	16x	M
21	Documentary Credit Number	16x	M
31C	Date of Issue	6!n	O
52a	Issuing Bank	A or D	M
32B	Principal Amount Claimed	3!a15d	M
33B	Additional Amount Claimed as Allowed for in Excess of Principal Amount	3!a15d	O
71D	Other Charges	6*35z	O
34a	Total Amount Claimed	A or B	M
57a	Account With Bank	A, B, or D	O
58a	Beneficiary Bank	A or D	O
72Z	Sender to Receiver Information	6*35z	O

12.5.15 MT 744 Notice of Non-Conforming Reimbursement Claim

This message is sent by the reimbursing bank to the bank claiming reimbursement.

It is used to notify the Receiver that the Sender considers the claim, on the face of it, as not to be in accordance with the instruction in the Reimbursement Authorisation. The Sender also provides the Receiver with details regarding the disposal of the claim.

12.5.15.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Sender's Reference	16x	M
21	Claiming Bank’s Reference	16x	M
52a	Issuing Bank	A or D	M
21A	Documentary Credit Number	16x	M
31C	Date of Issue	6!n	O
34a	Total Amount Claimed	A or B	M
73R	Reason for Non-Payment	/4!c/[35x]	M
73S	Disposal of Reimbursement Claim	/4!c/[35x]	M
71D	Reimbursing Bank’s Charges	6*35x	O
72Z	Sender to Receiver Information	6*35x	O

12.5.16 MT 747 Amendment to an Authorization to Reimburse

This message is sent by the bank which has issued an authorization to reimburse (issuing bank) to the reimbursing bank.

It is used to inform the Receiver about amendments to the terms and conditions of the credit relevant to the authorization to reimburse.

The amendment is to be considered as part of the authorization to reimburse.

Maximum Length: 2000

12.5.16.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Documentary Credit Number	16x	M
21	Reimbursing Bank's Reference	16x	O
30	Date of the Original Authorisation to Reimburse	6!n	M
31E	New Date of Expiry	6!n	O
32B	Increase of Documentary Credit Amount	3!a15d	O
33B	Decrease of Documentary Credit Amount	3!a15d	O
34B	New Documentary Credit Amount After Amendment	3!a15d	O
39A	Percentage Credit Amount Tolerance	2n/2n	O
39B	Maximum Credit Amount	13x	O
39C	Additional Amounts Covered	4*35x	O
72Z	Sender to Receiver Information	6*35z	O
77	Narrative	20*35x	O

12.5.17 MT 750 Advice of Discrepancy

This message is sent by the bank to which documents have been presented to the issuing bank. It may also be sent to a bank nominated to pay/accept/negotiate/incur a deferred payment undertaking. It is used to advise the Receiver that documents which have been presented are not in accordance with the terms and conditions of the credit.

The MT 750 is a request for authorization to take up documents. Authorization may be provided using an MT 752 Authorization to Pay, Accept or Negotiate; a negative reply to the request may be provided using an MT 796 Answers.

Maximum Length: 10000

12.5.17.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Presenting Bank's Reference	16x	M
21	Related Reference	16x	M
32B	Principal Amount	3!a15d	M
33B	Additional Amount	3!a15d	O
71D	Charges to be Deducted	6*35z	O
73A	Charges to be Added	6*35z	O
34B	Total Amount to be Paid	3!a15d	O
57a	Account With Bank	A, B or D	O
72Z	Sender to Receiver Informa­tion	6*35z	O
77J	Discrepancies	70*50x	O

12.5.18 MT 752 Authorization to Pay, Accept or Negotiate

This message is sent by the issuing bank, or the nominated bank if so authorized by the issuing bank, to a paying/accepting/negotiating bank in response to a request for authorization to pay/accept/negotiate/incur a deferred payment undertaking previously requested via an MT 750 Advice of Discrepancy or otherwise.

It is used to advise the Receiver that documents may be taken up, notwithstanding the discrepancies, provided they are otherwise in order.

Maximum Length: 2000

12.5.18.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Documentary Credit Number	16x	M
21	Presenting Bank's Reference	16x	M
23	Further Identification	16x	M
30	Date of Advice of Discrepancy or Mailing	6!n	M
32B	Total Amount Advised	3!a15d	O
71D	Charges to be Deducted	6*35z	O
33a	Net Amount	A or B	O
53a	Sender's Correspondent	A, B, or D	O
54a	Receiver's Correspondent	A, B, or D	O
72Z	Sender to Receiver Information	6*35z	O
79Z	Narrative	35*50z	O

12.5.19 MT 754 Advice of Payment/Acceptance/Negotiation

This message is sent by the paying, accepting or negotiating bank, or the bank incurring a deferred payment undertaking, to the issuing bank. It may also be sent by the bank to which documents have been presented to a bank that has been nominated to pay/accept.

It is used to advise the Receiver that documents were presented in accordance with the credit terms and are being forwarded as instructed.

The MT 754 may also be used:

• for the settlement of the payment/negotiation
• as a pre-notification of a reimbursement claim from the claiming bank to the issuing bank
• as a pre-debit notification from the claiming bank to the issuing bank

Note

Where a pre-debit notification from the reimbursing bank to the issuing bank is required, banks should use the MT 799 Free Format message, specifying the future date of debit.

Maximum Length: 2000

12.5.19.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Sender's Reference	16x	M
21	Related Reference	16x	M
32a	Principal Amount Paid/Accepted/Negotiated	A or B	M
33B	Additional Amounts	3!a15d	O
71D	Charges to be Deducted	6*35z	O
73A	Charges Added	6*35z	O
34a	Total Amount Claimed	A or B	O
53a	Reimbursing Bank	A, B, or D	O
57a	Account With Bank	A, B, or D	O
58a	Beneficiary Bank	A or D	O
72Z	Sender to Receiver Information	6*35z	O
77	Narrative	20*35x	O

12.5.20 MT 756 Advice of Reimbursement or Payment

This message is sent by the issuing bank to the bank from which it has received documents or by the reimbursing bank to the bank from which it has received a reimbursement claim. It may also be sent by the bank nominated to pay/accept/negotiate/incur a deferred payment undertaking to the bank from which it has received documents.

It is used to advise the Receiver about reimbursement or payment, to that bank, for a drawing under a documentary credit for which no specific reimbursement instructions or payment provisions were provided.

The account relationship between the Sender and the Receiver is used unless otherwise expressly stated in the message.

Maximum Length: 2000

12.5.20.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Sender's Reference	16x	M
21	Presenting Bank's Reference	16x	M
32B	Total Amount Claimed	3!a15d	M
33A	Amount Reimbursed or Paid	6!n3!a15d	M
53a	Sender's Correspondent	A, B, or D	O
54a	Receiver's Correspondent	A, B, or D	O
72Z	Sender to Receiver Informa­tion	6*35z	O
79Z	Narrative	35*50z	O

12.5.21 MT (770/700/701) Application for Issuance of Documentary Credit – C2B

Application for LC Issuance sent by Importer(Applicant) to Issuing Bank.

Series of MT 798 Messages – 770/700/701 initiates LC.

12.5.21.1 Format Specifications

MT 798<770> - LC Application Index Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure

Filed Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Refer­ence Number	16x	M
21T	Additional Customer Reference	16x	O
21P	Bank Reference Number	16x	O
21S	Additional Bank Ref­erence	16x	O
25F	Text Purpose	5!c	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
24D	Method of Issue	4!c[/35x] (Method)(Additional Information)	M
53C	Debit Account Num­ber	/34x (Account)	O
71A	Bank Charges Paya­ble By	3!a (Code)	M
73A	Charges Information	6*35z (Narrative)	O
25A	Charges Debit Account Number	/34x (Account)	O
71M	Confirmation Charges Payable By	4!a (Code)	O
58a	Advising Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Iden­tifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
29T	Transport Mode	4!c[/35x] (Code)(Narrative)	O
21E	Forward Contract Reference Number	35x (Text)	O
45C	Applicant Undertak­ing	100*65z (Narrative)	O
29A	Customer Contact	4*35x (Narrative)	O
72Z	Corporate to Bank Information	6*35z (Narrative)	O
23X	File Identification	4!c/65x (Code)(Narrative)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

MT 798<700> - LC Application Details Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 700]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Reference Number	16x	M
27	Sequence of Total	1!n/1!n (Number)(Total)	M
40A	Form of Documentary Credit	24x (Type)	M
20	Documentary Credit Number	16x	M
23	Reference to Pre-Advice	16x	O
31C	Date of Issue	6!n (Date)	M
40E	Applicable Rules	30x[/35x] (Applicable Rules)(Narrative)	M
31D	Date and Place of Expiry	6!n29x (Date)(Place)	M
51a	Applicant Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
50	Applicant	4*35x (Name & Address)	M
59	Beneficiary	[/34x] (Account 4*35x) (Name & Address)	M
32B	Currency Code, Amount	3!a15d (Currency)(Amount)	M
39A	Percentage Credit Amount Tolerance	2n/2n (Tolerance 1)(Toler­ance 2)	O
39B	Maximum Credit Amount	13x	O
39C	Additional Amounts Covered	4*35x (Narrative)	O
41a	Available With ... By ...	A 4!a2!a2!c[3!c] (Iden­tifier Code) 14x (Code) D 4*35x (Name & Address) 14x (Code)	M
42C	Drafts at ...	3*35x (Narrative)	O
42a	Drawee	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
42M	Mixed Payment Details	4*35x (Narrative)	O
42P	Deferred Payment Details	4*35x (Narrative)	O
43P	Partial Shipments	11x	O
43T	Transhipment	11x	O
44A	Place of Taking in Charge/Dispatch from .../Place of Receipt	1*65x (Narrative)	O
44E	Port of Loading/Airport of Departure	1*65x (Narrative)	O
44F	Port of Discharge/Air­port of Destination	1*65x (Narrative)	O
44B	Place of Final Destina­tion/For Transportation to .../Place of Delivery	1*65x (Narrative)	O
44C	Latest Date of Ship­ment	6!n (Date)	O
44D	Shipment Period	6*65x (Narrative)	O
45A	Description of Goods and/or Services	100*65z (Narrative)	O
46A	Documents Required	100*65z (Narrative)	O
47A	Additional Conditions	100*65z (Narrative)	O
49G	Special Payment Con­ditions for Beneficiary	100*65z	O
49H	Special Payment Con­ditions for Receiving Bank	100*65z	O
71D	Charges	6*35z (Narrative	O
48	Period for Presentation	4*35x (Narrative)	O
49	Confirmation Instruc­tions	7!x (Instruction)	M
58a	Requested Confirma­tion Party	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a]/34x (Party Identifier) 4*35x (Name and Address)	O
53a	Reimbursing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
78	Instructions to the Pay­ing/Accepting/Negotiat­ing Bank	12*65x (Narrative)	O
57a	'Advise Through' Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) C /34x (Party Identi­fier) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
72Z	Sender to Receiver Information	6*35z (Narrative)	O

MT 798<701> - LC Application Extension Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 701]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Reference Number	16x	M
27	Sequence of Total	1!n/1!n (Number)(Total)	M
20	Documentary Credit Number	16x	M
45A	Description of Goods and/or Services	100*65z (Narrative)	O
46A	Documents Required	100*65z (Narrative)	O
47A	Additional Conditions	100*65z (Narrative)	O
49G	Special Payment Condi­tions for Beneficiary	100*65z	O
49H	Special Payment Condi­tions for Receiving Bank	100*65z	O

12.5.22 MT (771/700/701) Notification of Issuance of Documentary Credit – B2C

Notification of LC Issuance sent to the corporate (applicant) by its bank and comprises a series of MT 798 messages.

Collectively these messages notify the issuance of a documentary credit by the issuing bank.

12.5.22.1 Format Specifications

MT 798<771> - LC Notification of Issuance Index Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Ref­erence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Ref­erence Number	16x	M
21T	Additional Cus­tomer Refer­ence	16x	O
21P	Bank Refer­ence Number	16x	M
21S	Additional Bank Reference	16x	O
20	Documentary Credit Number	16x	M
25F	Text Purpose	5!c	M
12K	Draft Text Ver­sion	2!n (Number)	O
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier)	M
58a	Advising Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
29B	Bank Contact	4*35x (Narrative)	O
72Z	Bank to Corpo­rate Information	6*35z (Narrative)	O
23X	File Identifica­tion	4!c/65x (Code)(Narra­tive)	O
29S	Customer Iden­tifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code) (Party Identifier)	O
29U	Lead Bank Iden­tifier	4!a2!a2!c[3!c] (Identifier Code) (Party Identifier)	O

MT 798<700> - LC Notification of Issuance Details

Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Num­ber	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 700]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
	MT 701 Message		M

MT 798<701> - LC Notification of Issuance Extension Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Num­ber	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 701]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
	MT 701 Message		M

12.5.23 MT (774/700/701) Advice of Letter of Credit – B2C

LC Advice of Documentary Credit is sent to the corporate (beneficiary) by its bank and comprises a series of MT 798 messages.

Collectively these messages advises the issuance of a documentary credit.

12.5.23.1 Format Specifications

MT 798<774> - LC Advice Index Section 1 - MT 798 Structure

Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Mes­sage Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Advising Bank Refer­ence Num­ber	16x	M
21S	Additional Bank Refer­ence	16x	O
20	Documen­tary Credit Number	16x	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
31C	Date of Issue	6!n (Date)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	M
58a	Advising Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	M
29B	Advising Bank Con­tact	4*35x (Narrative)	O
21A	Customer Reference Number	16x	O
21T	Additional Customer Reference	16x	O
49D	Confirmation Indicator	7!x (Instruction)	M
49F	Confirmation Information	50*65z (Narrative)	O
49Y	Charges Information	50*65z (Narrative)	O
47E	Information from Advis­ing Bank	100*65xz (Narrative)	O
23X	File Identifi­cation	4!c/65x (Code)(Narrative)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identi­fier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

MT 798<700> - LC Advice Details Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Ref­erence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 700]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Advising Bank Refer­ence Number	16x	M
	MT 700 Message		M

MT 798<701> - LC Advice Extension

Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 701]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Advising Bank Refer­ence Number	16x	M
	MT 701 Message		M

12.5.24 MT (780/710/711) Advice of Third Bank Documentary Credit – B2C

LC Advice of Third Bank Documentary Credit is sent to the corporate (beneficiary) by their bank and comprises a series of MT 798 messages.

Collectively these messages advises the issuance of a third bank documentary credit.

12.5.24.1 Format Specifications

MT 798<780> - LC Third Bank Advice Index Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Refer­ence Number	16x	M
21S	Additional Bank Reference	16x	O
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
31C	Date of Issue	6!n (Date)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
58a	Advising Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D /1!a][/34x] (Party Iden­tifier) 4*35x (Name & Address)	M
29B	Advising Bank Contact	4*35x (Narrative)	O
56a	First Advising Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) C /34x (Party Identifier) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	M
21B	First Advising Bank Refer­ence Number	16x	M
21A	Customer Ref­erence Number	16x	O
21T	Additional Cus­tomer Refer­ence	16x	O
49D	Confirmation Indicator	7!x (Instruction)	M
49F	Confirmation Information	50*65z (Narrative)	O
49Y	Charges Infor­mation	50*65z (Narrative)	O
47E	Information from Advising Bank	100*65z (Narrative)	O
23X	File Identifica­tion	/4!c/65x (Code)( File Name or Reference)	O
29S	Customer Iden­tifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

MT 798<710> - LC Third Bank Advice Details Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 710]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Refer­ence Number	16x	M
	MT 710 Mes­sage		M
27	Sequence of Total	1!n/1!n (Number)(Total)	M
40B	Form of Docu­mentary Credit	24x (Type) 24x (Code)	M
20	Sender’s Refer­ence	16x	M
21	Documentary Credit Number	16x	M
23	Reference to Pre-Advice	16x	O
31C	Date of Issue	6!n (Date)	M
40E	Applicable Rules	30x[/35x] (Applicable Rules)(Nar­rative)	M
31D	Date and Place of Expiry	6!n29x (Date)(Place)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
50B	Non-Bank issuer	4*35x	O
51a	Applicant Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
50	Applicant	4*35x (Name & Address)	M
59	Beneficiary	[/34x] (Account 4*35x (Name & Address)	M
32B	Currency Code, Amount	3!a15d (Currency)(Amount)	M
39A	Percentage Credit Amount Tolerance	2n/2n (Tolerance 1)(Tolerance 2)	O
39B	Maximum Credit Amount	13x	O
39C	Additional Amounts Cov­ered	4*35x (Narrative)	O
41a	Available With ... By ...	A 4!a2!a2!c[3!c] (Identi­fier Code) 14x (Code) D 4*35x (Name & Address) 14x (Code)	M
42C	Drafts at ...	3*35x (Narrative)	O
42a	Drawee	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
42M	Mixed Payment Details	4*35x (Narrative)	O
42P	Negotiation/Deferred Pay­ment Details	4*35x (Narrative)	O
43P	Partial Ship­ments	11x	O
43T	Transhipment	11x	O
44A	Place of Taking in Charge/Dis­patch from .../Place of Receipt	1*65x (Narrative)	O
44E	Port of Loading/Airport of Depar­ture	1*65x (Narrative)	O
44F	Port of Dis­charge/Airport of Destination	1*65x (Narrative)	O
44B	Place of Final Destination/For Transportation to .../Place of Delivery	1*65x (Narrative)	O
44C	Latest Date of Shipment	6!n (Date)	O
44D	Shipment Period	6*65x (Narrative)	O
45A	Description of Goods and/or Services	100*65x (Narrative)	O
46A	Documents Required	100*65x (Narrative)	O
47A	Additional Con­ditions	100*65x (Narrative)	O
49G	Special Pay­ment Condi­tions for Beneficiary	100*65z	O
49H	Special Pay­ment Condi­tions for Receiving Bank	100*65z	O
71D	Charges	6*35z (Narrative)	O
48	Period for Pres­entation in Days	3n[/35x] (Days)(Narrative)	O
49	Confirmation Instructions	7!x (Instruction)	M
58a	Requested Con­firmation Party	A [/1!a] [/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name and Address)	O
53a	Reimbursing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
78	Instructions to the Paying/Accepting/Negotiating Bank	12*65x (Narrative)	O
57a	'Advise Through' Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) C [/1!a][/34x] (Party Identifier) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
72Z	Sender to Receiver Infor­mation	6*35z (Narrative)	O

MT 798<711> - LC Third Bank Advice Extension Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 711]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Refer­ence Number	16x	M
	MT 711 Mes­sage		M
27	Sequence of Total	1!n/1!n (Number)(Total)	M
20	Sender’s Refer­ence	16x	M
21	Documentary Credit Number	16x	M
45A	Description of Goods and/or Services	100*65z (Narrative)	O
46A	Documents Required	100*65z (Narrative)	O
47A	Additional Con­ditions	100*65z (Narrative)	O
49G	Special Pay­ment Conditions for Beneficiary	100*65z	O
49H	Special Pay­ment Conditions for Receiving Bank	100*65z	O

12.5.25 MT (772/707/708) Request for amendment of Documentary Credit - C2B

The Request for LC Amendment is sent by the corporate (applicant) to its bank and comprises a series of MT 798 (Proprietary) messages.

Collectively these messages are used to request amendment/s.

12.5.25.1 Format Specifications

MT 798<772> - LC Request for Amendment Index Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Refer­ence Number	16x	M
21T	Additional Cus­tomer Reference	16x	O
20	Documentary Credit Number	16x	M
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
24D	Method of Issue	4!c[/35x] (Method)(Addi­tional Information)	M
71A	Amendment Bank Charges Payable By	3!a (Code)	M
73A	Charges Informa­tion	6*35z (Narrative)	O
29A	Customer Contact	4*35x (Narrative)	O
72Z	Corporate to Bank Information	6*35z (Narrative)	O
23X	File Identification	4!c/65x (Code)(Narrative)	O
26E	Number of Amendment	2n (Number)	O
29S	Customer Identi­fier	4!c/35x (Code)(Party Iden­tifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identi­fier	35x (Party Identifier)	O

MT 798<707> - LC Request for Amendment Details Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 707]

Field Tag		Field Name	Format	Optional/Mandatory
27A		Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A		Customer Ref­erence Number	16x	M
		MT 707 Mes­sage		M
27		Sequence of Total	1!n/1!n	M
20		Sender's Refer­ence	16x	M
21		Receiver's Ref­erence	16x	M
23		Issuing Bank's Reference	16x	M
52a		Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) C /34x (Party Identifier)	O
50B		Non-Bank Issuer	B 4*35x (Name and Address)
31C		Date of Issue	6!n (Date)	M
26E		Number of Amendment	3n (Number)	M
30		Date of Amend­ment	6!n (Date)	M
22A		Purpose of Message	4!c	M
23S		Cancellation Request	6!a	O
40A		Form of Docu­mentary Credit	24x	O
40E		Applicable Rules	30x/[35x]	O
31D		Date and Place of Expiry	6!n29x	O
59		Beneficiary	[/34x] (Account 4*35x) (Name & Address)	M
32B		Increase of Documentary Credit Amount	3!a15d (Currency)(Amount)	O
33B		Decrease of Documentary Credit Amount	3!a15d (Currency)(Amount)	O
39A		Percentage Credit Amount Tolerance	2n/2n (Tolerance 1)(Toler­ance 2)	O
39C		Additional Amounts Cov­ered	4*35x (Narrative)	O
41a		Available With… By …		O
42C		Drafts at …	3*35x	O
42a		Drawee		O
42M		Mixed Payment Details	4*35x	O
42P		Negotiation/Deferred Pay­ment Details	4*35x	O
43P		Partial Ship­ments	11x	O
43T		Transhipment	11x	O
44A		Place of Taking in Charge/Dis­patch from .../Place of Receipt	1*65x (Narrative)	O
44E		Port of Loading/Airport of Departure	1*65x (Narrative)	O
44F		Port of Dis­charge/Airport of Destination	1*65x (Narrative)	O
44B		Place of Final Destination/For Transportation to .../Place of Delivery	1*65x (Narrative)	O
44C		Latest Date of Shipment	6!n (Date)	O
44D		Shipment Period	6*65x (Narrative)	O
45B		Description of Goods and/or Services	100*65z	O
46B		Documents Required	100*65z	O
47B		Additional Con­ditions	100*65z	O
49G		Special Pay­ment Conditions for Beneficiary	100*65z	O
49H		Special Pay­ment Conditions for Receiving Bank	100*65z	O
71D		Charges	6*35z	O
71N		Amendment Charge Paya­ble By	/4!c/ [6*35z]	O
71M		Confirmation Charges Paya­ble By	4!c	O
48		Period for Pres­entation in Days	3n[/35x] (Days)(Narrative)	O
49		Confirmation Instructions	7!x	O
58a		Requested Confirmation Party	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a]/34x (Party Identifier) 4*35x (Name and Address)	O
53a		Reimbursing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a]/34x (Party Identifier) 4*35x (Name and Address)	O
78		Instructions to the Paying/Accepting/Negotiating Bank	12*65x	O
57a		’Advise Through’ Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a]/34x (Party Identifier) 4*35x (Name and Address)	O
72Z		Sender to Receiver Infor­mation	6*35z (Narrative)	O

MT 798<708> - LC Amendment Extension Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 708]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Refer­ence Number	16x	M
	MT 708 Message		M
27	Sequence of Total	1!n/1!n	M
20	Sender’s Refer­ence	16x	M
23	Issuing Bank’s Reference	16x	M
26E	Number of Amend­ment	3n	M
30	Date of Amend­ment	6!n	M
45B	Description of Goods and/or Ser­vices	100*65z	O
46B	Documents Required	100*65z	O
47B	Additional Condi­tions	100*65z	O
49M	Special Payment Conditions for Beneficiary	100*65z	O
49N	Special Payment Conditions for Receiving Bank	100*65z	O

12.5.26 MT (773/707/708) Notification of amendment of Documentary Credit - B2C

The Notification of LC Amendment is sent to the corporate (applicant) by its bank and comprises a series of MT 798 messages.

Collectively these messages notifies the issuance of a LC amendment by the applicant bank.

12.5.26.1 Format Specifications

MT 798<773> - LC Notification of Amendment Index Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Refer­ence Number	16x	M
21T	Additional Cus­tomer Reference	16x	O
21P	Bank Reference Number	16x	M
21S	Additional Bank Reference	16x	O
20	Documentary Credit Number	16x	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
29B	Bank Contact	4*35x (Narrative)	O
72Z	Bank to Corporate Information	6*35z (Narrative)	O
23X	File Identification	4!c/65x (Code)(Narrative)	O
26E	Number of Amend­ment	3n (Number)	M
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identi­fier	4!a2!a2!c[3!c] (Identifier Code)	O

MT 798<707> - LC Notification of Amendment Details Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 707]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
	MT 707 Message		M

MT 798<708> - LC Amendment Extension Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 707]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
	MT 708 Message		M

12.5.27 MT (776/707/708) Advice of Amendment of Documentary Credit - B2C

Advice of LC Amendment is sent to the corporate (beneficiary) by its bank and comprises a series of MT 798 messages.

Collectively these messages advises amendments to an issued documentary credit.

12.5.27.1 Format Specifications

MT 798<776> - LC Amendment Index Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Advising Bank Refer­ence Num­ber	16x	M
21S	Additional Bank Refer­ence	16x	O
20	Documen­tary Credit Number	16x	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
31C	Date of Issue	6!n (Date)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Iden­tifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	M
58a	Advising Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Iden­tifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & address)	M
29B	Advising Bank Con­tact	4*35x (Narrative)	O
21A	Customer Reference Number	16x	O
21T	Additional Customer Reference	16x	O
49D	Confirma­tion Indicator	7!x (Instruction)	O
49F	Confirma­tion Informa­tion	50*65Z (Narrative)	O
49Y	Charges Information	50*65Z (Narrative)	O
47E	Information from Advis­ing Bank	100*65z (Narrative)	O
23X	File Identifi­cation	4!c/65x (Code)(Narrative)	O
26E	Number of Amendment	3n (Number)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identi­fier)	O
29P	Processing Bank Identi­fier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

MT 798<707> - LC Amendment Details Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 707]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Advising Bank Ref­erence Number	16x	M
	MT 707 Message		M

MT 798<707> - LC Amendment Extension Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 707]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Advising Bank Ref­erence Number	16x	M
	MT 708 Message		M

MT 798<708> - LC Amendment Extension Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 707]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Advising Bank Ref­erence Number	16x	M
	MT 708 Message		M

12.5.28 MT (735) Advice of Acceptance/Refusal of Amendment – C2B

The Advice of Acceptance/Refusal of Amendment is sent by the corporate (beneficiary) to its bank and comprises one MT 798 message.

It advises the bank on amendment accepted or refused.

12.5.28.1 Format Specifications

MT 798<735> - Advice of Acceptance/Refusal of Amendment Index Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Refer­ence Number	16x	M
21T	Additional Cus­tomer Reference	16x	O
20	Documentary Credit Number	16x	M
21P	Bank Reference Number	16x	M
21S	Additional Bank Reference	16x	O
30	Date of Amend­ment	6!n (Date)	O
26E	Number of Amendment	3n (Number)	M
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
31C	Date of Issue	6!n (Date)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	O
12D	Acceptance Instructions	4!c (Code)	M
29A	Customer Con­tact	4*35x (Narrative)	M
72Z	Corporate to Bank Informa­tion	6*35z (Narrative)	O
23X	File Identifica­tion	/4!c/65x (Code)( File Name or Reference)	O
29S	Customer Identi­fier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Iden­tifier	4!a2!a2!c[3!c] (Identifier Code)	O

12.5.29 MT (736) Notification of Acceptance/Refusal of Amendment – B2C

The Notification of Acceptance/Refusal of Amendment is sent to the corporate (applicant) by its bank and comprises one MT 798 message.

It notifies the corporate that the amendment has been either been accepted or refused by the beneficiary.

12.5.29.1 Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Refer­ence Number	16x	M
21S	Additional Bank Refer­ence	16x	O
20	Documentary Credit Number	16x	M
21A	Customer Ref­erence Number	16x	M
21T	Additional Cus­tomer Refer­ence	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
29B	Issuing Bank Contact	4*35x (Narrative)	O
30	Date of Amendment	6!n (Date)	M
26E	Number of Amendment	3n (Number)	M
12D	Acceptance Notification	4!c (Code)	M
72Z	Bank to Corpo­rate Informa­tion	6*35z (Narrative)	O
23X	File Identifica­tion	4!c/65x (Code)(Nar­rative)	O
29S	Customer Iden­tifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

12.5.30 MT 722 Request for Transfer of Export LC – C2B

The Request for Transfer of a Export LC is sent by the corporate (beneficiary) to its bank and comprises one MT 798 message.

It is used to instruct the bank to transfer a documentary credit to a second beneficiary as detailed in the message.

12.5.30.1 Format Specifications

MT 798<722> - Request for Transfer of a Documentary Credit Index Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Reference Number	16x	M
21T	Additional Customer Reference	16x	O
20	Documentary Credit Number	16x	M
31C	Date of Issue	6!n (Date)	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
32B	Transfer Credit Amount	3!a15d (Cur­rency)(Amount)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identi­fier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	M
50B	Non-Bank Issuer	4*35x	O
58a	Second Beneficiary Advising Bank	A [/1!a][/34x] (Party Identi­fier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
59K	Second Beneficiary	[/34x] (Account) 4*35x (Name & Address)	M
29F	Second Beneficiary Contact	4*35x (Narra­tive)	O
59	First Beneficiary	[/34x] (Account) 4*35x (Name & Address)	M
29A	First Beneficiary Con­tact	4*35x (Narra­tive)	O
31D	New Date and Place of Expiry	6!n29x (Date)(Place)	O
41a	Available With ... By ...	A 4!a2!a2!c[3!c] (Identifier Code) 14x (Code) D 4*35x (Name & Address) 14x (Code)	O
48	New Period for Pres­entation in Days	3n[/35x] (Days)(Narra­tive)	O
39A	New Percentage Credit Amount Toler­ance	2n/2n (Toler­ance 1)(Toler­ance 2)	O
39B	New Maximum Credit Amount	13x (Code)	O
44C	New Latest Date of Shipment	6!n (Date)	O
44D	New Shipment Period	6*65x (Narra­tive)	O
37J	New Insurance in Per­cent	12d	O
45C	Other Transfer Terms and Conditions	100*65z (Nar­rative)	O
72Z	Corporate to Bank Information	6*35z (Narra­tive)	O
23X	Transfer Request Channel	/4!c/65x (Code)( File Name or Refer­ence)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

12.5.31 MT (723/720/721) Notification of Transfer of Export LC – B2C

Notification of Transfer of Export LC is sent to the corporate (first beneficiary) by its bank and comprises one or more MT 798 messages.

Collectively these messages are used by the transferring bank to notify the first beneficiary that the transfer has been effected.

12.5.31.1 Format Specifications

798<723> - Notification of Transfer of Documentary Credit Index Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
21S	Additional Bank Ref­erence	16x	O
21A	Customer Refer­ence Number	16x	M
21T	Additional Customer Reference	16x	O
20	Documentary Credit Number	16x	M
31C	Date of Issue	6!n (Date)	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
12E	Transfer Status	4!c	M
31N	Transfer Date	6!n (Date)	O
49Y	Charges Information	50*65z (Narrative)	O
72Z	Bank to Corporate Information	6*35z (Nar­rative)	O
23X	File Identification	/4!c/65x (Code)( File Name or Reference)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

MT 798<720> - LC Transfer Advice Details Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 720]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
MT 720 Mes­sage	M

MT 798<721> - LC Transfer Advice Extension Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73z (Text) [n*78z] (Text)	M

Section 2 – Field 77E Structure [MT 721]

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
MT 721 Mes­sage	M

12.5.32 MT (782/720/721) Advice of Transfer of Export LC – B2C

The LC Advice of Transfer of a Export LC sent to the corporate (second beneficiary) by their bank and comprises a series of MT 798 messages.

Collectively these messages are used to advise the transfer of a documentary credit.

12.5.32.1 Format Specifications

MT 798<782> - LC Transfer Advice Index Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Refer­ence Number	16x	M
21S	Additional Bank Reference	16x	O
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
58a	Advising Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Iden­tifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	M
29B	Advising Bank Contact	4*35x (Narrative)	O
55a	Transferring Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Iden­tifier Code) B [/1!a][/34x] (Party Identifier) [35x] (Location) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	M
21N	Transferring Bank Refer­ence Number	16x	M
21A	Customer Ref­erence Number	16x	O
21T	Additional Cus­tomer Refer­ence	16x	O
49D	Confirmation Indicator	7!x (Instruction)	M
49F	Confirmation Information	50*65z (Narrative)	O
49Y	Charges Infor­mation	50*65z (Narrative)	O
47E	Information from Advising Bank	100*65z (Narrative)	O
23X	File Identifica­tion	/4!c/65x (Code)( File Name or Reference)	O
29S	Customer Iden­tifier	4!c/35x (Code)(Party Identi­fier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

12.5.33 MT (738) - Response to Advice of Discrepant Presentation

The Response to Advice of Discrepant Presentation is sent by the corporate (beneficiary) to its bank (Negotiating Bank) and comprises one MT 798 message.

It instructs the bank on the handling and disposal of discrepant documents.

12.5.33.1 Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Structure
20	Transaction Ref­erence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73z (Text) [n*78z] (Text)	M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Refer­ence Number	16x	M
21T	Additional Cus­tomer Reference	16x	O
21P	Bank Reference Number	16x	M
21S	Additional Bank Reference	16x	O
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
20	Documentary Credit Number	16x	M
31C	Date of Issue	6!n (Date)	M
21R	Presentation Ref­erence Number	16x	O
34O	Presentation Amount	3!a15d (Cur­rency)(Amount)	O
31S	Date of Discre­pency Advice Receipt	6!n (Date)	M
12D	Beneficiary Instructions	4!c (Code)	M
72Z	Corporate to Bank Information	6*35z (Narra­tive)	O
23X	File Identification	/4!c/65x (Code)( File Name or Ref­erence)	O
29S	Customer Identi­fier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identi­fier	4!a2!a2!c[3!c] (Identifier Code)	O

12.5.34 MT (749) - LC Discrepancy Response

The Response to Advice of Discrepancy is sent by the corporate (applicant) to its issuing bank and comprises one MT 798 message.

It is used to advise the bank that the discrepant documents are either to be refused or the reported discrepancies are to be waived.

12.5.34.1 Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
MT 749 Section 1 (Index)
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M
Section 2 -77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Reference Number	16x	M
21T	Additional Customer Reference	16x	O
20	Documentary Credit Num­ber	16x	M
21P	Bank Refer­ence Number	16x	M
21S	Additional Bank Refer­ence	16x	O
21R	Presentation Reference Number	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Cre­ation Date Time	8!n4!n (Date)(Time)	M
31S	Date of Receipt	6!n (Date)	O
12D	Waiver Instructions	4!c (Code)	M
35B	Principal Amount	3!a15d (Cur­rency)(Amount)	O
32G	Amount of Commission and Charges	3!a15d (Cur­rency)(Amount)	O
34B	Total Amount to be Paid	3!a15d (Cur­rency)(Amount)	O
30	Value Date	6!n (Date)	O
57a	Account With Bank	A [/1!a][/34x] (Party Iden­tifier) 4!a2!a2!c[3!c] (Identifier Code) B [/1!a][/34x] (Party Identifier) [35x] (Location) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
53C	Settlement Account	/34x (Account)	O
25A	Alternative Charges Account	/34x (Account)	O
29A	Customer Contact	4*35x (Narrative)	O
72Z	Corporate to Bank Informa­tion	6*35z (Narrative)	O
23X	File Identifica­tion	/4!c/65x (Code)( File Name or Reference)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

12.5.35 MT (748/750) - Advice of Discrepancy

The Advice of Discrepancy is sent to the corporate (applicant) by its bank (Issuing Bank) and comprises up to two MT 798 messages.

They are used to advise (either with or without a copy of the MT 750 message) the corporate that documents which have been presented are not in accordance with the terms and conditions of the credit and at the bank's discretion, to request whether the reported discrepancies should be waived or not. This message is generated in the BOOK Event.

12.5.35.1 Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
MT 748 Specification
20	Transaction Reference Number	16x	M
12	Sub-Mes­sage Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M
MT 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Refer­ence Number	16x	M
21S	Additional Bank Refer­ence	16x	O
20	Documentary Credit Num­ber	16x	M
21A	Customer Reference Number	16x	O
21T	Additional Customer Reference	16x	O
21R	Presentation Reference Number	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
29B	Issuing Bank Contact	4*35x (Narrative)	O
58a	Nominated/Confirming Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
59	Beneficiary	[/34x] (Account) 4*35x (Name & Address)	O
31S	Date of Receipt	6!n (Date)	O
31T	Waiver Period End Date	6!n (Date)	O
32B	Principal Amount	3!a15d (Currency)(Amount)	O
33B	Additional Amount	3!a15d (Currency)(Amount)	O
71D	Charges to be Deducted	6*35z (Narrative) Line 1 /8a/[3!a13d][additional informa­tion] (Code)(Cur­rency)(Amount)(Narrative) Lines 2-6 [//continuation of additional information]	O
73A	Charges to be Added	6*35z (Narrative) Line 1 /8a/[3!a13d][additional informa­tion] (Code)(Cur­rency)(Amount)(Narrative) Lines 2-6 [//continuation of additional information]	O
34B	Total Amount to be Paid	3!a15d (Currency)(Amount)	O
77J	Discrepan­cies	70*50z (Narrative) Line 1 /8a/[add'l information] Code)(Nar­rative) Lines 2-70 [//add'l infor­mation] (Narrative) or /8a/[add'l information] (Code)(Nar­rative)	O
72Z	Bank to Cor­porate Infor­mation	6*35z (Narrative)	O
23X	File Identifica­tion	/4!c/65x (Code)( File Name or Reference)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identi­fier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

Field Tag	Field Name	Format	Optional/Mandatory
MT 750 Advice of Discrepancy Details
20	Transaction Reference Number	16x	M
12	Sub-Mes­sage Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M
Field 77E structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Refer­ence Number	16x	M
MT 750 Message			M
20	Sender's Reference	16x	M
21	Related Ref­erence	16x	M
32B	Principal Amount	3!a15d	M
33B	Additional Amount	3!a15d	O
71D	Charges to be Deducted	6*35z	O
73A	Charges to be Added	6*35z	O
34B	Total Amount to be Paid	3!a15d	O
57a	Account With Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) B [/1!a][/34x] (Party Identifier) [35x] (Location) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
72Z	Sender to Receiver Information	6*35z	O
77J	Discrepan­cies	70*50z	M

12.5.36 MT (733/734) Notification of Advice of Refusal

The Notification of Advice of Refusal is sent to the corporate (applicant or beneficiary) by its bank (Issuing Bank or Negotiating Bank) and comprises two MT 798 messages.

They are used to notify (with a copy of the MT 734 message) the corporate that the documents received with discrepancies have been refused by the issuing bank. This message is generated in REFA or REFP Event.

12.5.36.1 Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
MT 733 Section 1 (Index)
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73x (Text) [n*78x] (Text)	M
Section 2 - Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
21S	Additional Bank Reference	16x	O
20	Documentary Credit Number	16x	M
21A	Customer Reference Number	16x	O
21T	Additional Customer Reference	16x	O
21R	Presentation Reference Number	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
32B	Credit Amount	3!a15d (Cur­rency)(Amount)	O
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
29B	Issuing Bank Contact	4*35x (Narrative)	O
58a	Nominated/Confirming Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
29D	Nominated/Confirming Bank Con­tact	4*35x (Narrative)	O
72Z	Bank to Corporate Information	6*35x (Narrative)	O
78B	Instructions from the Bank	50*65z (Narra­tive)	O
23X	File Identification	4!c/65x (Code)(Narrative)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identifier	35x (Party Identifier)	O
MT 734 Section 1 (Index)
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73x (Text) [n*78x] (Text)	M
MT 734 Section 2
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
	MT 734 Message		M
20	Sender's TRN	16x	M
21	Presenting Bank's Reference	16x	M
32A	Date and Amount of Utilisation	6!n3!a15d	M
73A	Charges Claimed	6*35z	O
33a	Total Amount Claimed	A 6!n3!a15d (Date)(Cur­rency)(Amount) B 3!a15d (Cur­rency)(Amount)	O
57a	Account with Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) B [/1!a][/34x] (Party Identifier) [35x] (Location) D [/1!a][/34x] (Party Identifier) 4*35x (Name and Address)	O
72Z	Sender to Receiver Information	6*35z	O
77J	Discrepancies	70*50z	M
77B	Disposal of Documents	3*35x	M

12.5.37 MT (731/732) - Notification of Advice of Discharge

The Notification of Advice of Discharge is sent to the corporate (applicant or beneficiary) by its bank (Issuing Bank or Negotiating Bank) and comprises two MT 798 messages.

They are used to notify (with a copy of the MT 732 message) the corporate that the documents received with discrepancies has taken up by the issuing bank. This message will be generated in ADIS Event.

12.5.37.1 Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
MT 731 Section 1 (Index)
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73x (Text) [n*78x] (Text)	M
MT 731 Section 2
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
21S	Additional Bank Reference	16x	O
20	Documentary Credit Num­ber	16x	M
21R	Presentation Reference Number	16x	O
21A	Customer Reference Num­ber	16x	O
21T	Additional Customer Refer­ence	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Iden­tifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	O
29B	Issuing Bank Contact	4*35x (Narrative)	O
58a	Nominated/Confirming Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Iden­tifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	O
29D	Nominated/Confirming Bank Contact	4*35x (Narrative)	O
32B	Credit Amount	3!a15d (Cur­rency)(Amount)	O
34D	Drawing Amount	3!a15d (Cur­rency)(Amount)	M
32G	Amount of Commission and Charges	3!a15d (Cur­rency)(Amount)	O
33a	Net Amount	A 6!n3!a15d (Date)(Cur­rency)(Amount) B 3!a15d (Cur­rency)(Amount)	O
12R	Payment Terms	4!c	O
12S	Payment Liability	4!c	O
72Z	Bank to Corporate Informa­tion	6*35x (Narrative)	O
78B	Instructions from the Bank	50*65z (Narrative)	O
23X	File Identification	4!c/65x (Code)(Nar­rative)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identifier	35x (Party Identifier)	O
MT 732 Section 1 (Index)
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73x (Text) [n*78x] (Text)	M
MT 734 Section 2
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
	MT 732 Message		M
20	Sender's TRN	16x	M
21	Presenting Bank's Refer­ence	16x	M
30	Date of Advice of Payment/Acceptance/Negotiation	6!n	M
32B	Amount of Utilisation	3!a15d	M
72Z	Sender to Receiver Infor­mation	6*35z	O

12.5.38 MT 753 - Notification of Advice of Payment/Acceptance/Negotiation

The Notification of Advice of Payment/Acceptance/Negotiation is sent to the corporate (applicant or beneficiary) by its bank (Issuing Bank or Negotiating Bank) and comprises one MT 798 message.

They are used to notify the corporate that the documents were presented to the paying, accepting or negotiating bank in accordance with the credit terms and are being forwarded as instructed. This message is generated in INIT Event.

12.5.38.1 Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
MT 753 Section 1 (Index)
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M
MT 753 Section 2
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
21S	Additional Bank Reference	16x	O
20	Documentary Credit Number	16x	M
21A	Customer Refer­ence Number	16x	O
21T	Additional Cus­tomer Reference	16x	O
21R	Presentation Refer­ence Number	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
29B	Issuing Bank Con­tact	4*35x (Narrative)	O
58a	Nominated/Con­firming Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
29D	Nominated/Con­firming Bank Con­tact	4*35x (Narrative)	O
35B	Principal Amount	3!a15d (Cur­rency)(Amount)	M
33B	Additional Amount	3!a15d (Cur­rency)(Amount)	O
32B	Credit Amount	3!a15d (Cur­rency)(Amount)	O
31M	Maturity Date	6!n (Date)	O
72Z	Bank to Corporate Information	6*35x (Narrative)	O
23X	File Identification	4!c/65x (Code)(Narrative)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identi­fier	35x (Party Identifier)	O

12.5.39 MT798(755) - Notification of Advice of Reimbursement or Payment

The Notification of Advice of Reimbursement or Payment is sent to the corporate (applicant or beneficiary) by its bank (Issuing Bank) and comprises one MT 798 message.

They are used to notify the corporate about reimbursement or payment, to that bank, for a drawing under a documentary credit for which no specific reimbursement instructions or payment provisions are provided. This is generated in the LIQD Event.

12.5.39.1 Format Specifications

MT 798 Specifications

Field Tag	Field Name	Format	Optional/Mandatory
MT 755 Section 1 (Index)
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M
MT 755 Section 2
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
21S	Additional Bank Reference	16x	O
20	Documentary Credit Number	16x	M
21A	Customer Refer­ence Number	16x	O
21T	Additonal Cus­tomer Reference	16x	O
21R	Presentation Ref­erence Number	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
29B	Issuing Bank Con­tact	4*35x (Narrative)	O
58a	Nominated/Con­firming Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
29D	Nominated/Con­firming Bank Con­tact	4*35x (Narrative)	O
35B	Principal Amount	3!a15d (Cur­rency)(Amount)	M
33B	Additional Amount	3!a15d (Cur­rency)(Amount)	O
32G	Amount of Com­mission and Charges	3!a15d (Cur­rency)(Amount)	O
33a	Net Amount	A 6!n3!a15d (Date)(Cur­rency)(Amount) B 3!a15d (Cur­rency)(Amount)	O
71E	Details of Com­mission and Charges	100*35z (Narrative) or /8a/1!a/[3!a13d][Narrative] (Type)(Bank)(Cur­rency) (Amount)(Nar­rative)	O
32B	Credit Amount	3!a15d (Cur­rency)(Amount)	O
72Z	Bank to Corporate Information	6*35x (Narrative)	O
23X	File Identification	4!c/65x (Code)(Narra­tive)	O
29S	Customer Identi­fier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identi­fier	35x (Party Identifier)	O

12.5.40 MT 737 - Response to Documentary Credit Presentation

The Response to Documentary Credit presentation is sent to the corporate (beneficiary) by its bank (Negotiating Bank) and comprises one MT 798 message.

It is used by the bank to acknowledge the receipt of documents under a documentary presentation from the beneficiary, and at the same time, to report discrepancies if any and/or provide further instructions and/or information as appropriate. This message is generated in BOOK Event.

12.5.40.1 Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Specification
20	Transaction Reference Num­ber	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Refer­ence Number	16x	M
21S	Additional Bank Reference	16x	O
21A	Customer Ref­erence Number	16x	O
21T	Additional Cus­tomer Refer­ence	16x	O
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
21R	Presentation Reference Num­ber	16x	O
20	Documentary Credit Number	16x	M
31C	Date of Issue	6!n (Date)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	M
58a	Nominated/Con­firming Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	M
29B	Nominated/Con­firming Bank Contact	4*35x (Narrative)	O
31S	Date of Pres­entation	6!n (Date)	M
34O	Presentation Amount	3!a15d (Cur­rency)(Amount)	O
12D	Acceptance Notification	4!c (Code)	O
77J	Discrepancies	70*50z (Narrative)	O
24E	Dispatch of Doc­uments	/4!c/[35x] (Code)(Additional Infor­mation)	O
31N	Documents Sent Date	6!n (Date)	O
78B	Instructions from the Bank	50*65z (Narrative)	O
72Z	Bank to Corpo­rate Information	6*35z (Narrative)	O
23X	File Identifica­tion	/4!c/65x (Code)( File Name or Reference)	O
29S	Customer Iden­tifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Iden­tifier	4!a2!a2!c[3!c] (Identifier Code)	O

12.5.41 MT 757 - Settlement of Import Documentary Credit

The Settlement of Import Documentary Credit is sent to the corporate (applicant) by its bank (Issuing Bank) and comprises one MT 798 message.

It is used to report the settlement of payment and/or charges on the applicant's side by the issuing bank. This message is generated in the LIQD Event.

12.5.41.1 Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Structure
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Refer­ence Number	16x	M
21S	Additional Bank Refer­ence	16x	O
20	Documentary Credit Number	16x	M
21A	Customer Ref­erence Number	16x	O
21T	Additional Cus­tomer Refer­ence	16x	O
21R	Presentation Reference Number	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Iden­tifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	O
29B	Issuing Bank Contact	4*35x (Narrative)	O
58a	Nominated/Confirming Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Iden­tifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	O
12R	Reason for Message	4!c (Code)	M
31S	Date of Pres­entation	6!n (Date)	O
32B	Documentary Credit Amount	3!a15d (Cur­rency)(Amount)	M
34D	Drawing Amount	3!a15d (Cur­rency)(Amount)	O
32G	Amount of Commission and Charges	3!a15d (Cur­rency)(Amount)	O
33a	Net Amount	A 6!n3!a15d (Date)(Cur­rency)(Amount) B 3!a15d (Cur­rency)(Amount)	M
71E	Details of Com­mission and Charges	100*35z (Narrative) or /8a/1!a/[3!a13d][Narrative] (Type)(Bank)(Cur­rency) (Amount)(Narrative)	O
57a	Account With Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Iden­tifier Code) B [/1!a][/34x] (Party Identi­fier) [35x] (Location) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
53C	Settlement Account	/34x (Account)	O
34V	Total Amount For Settlement Account	3!a15d (Cur­rency)(Amount)	M
25A	Alternative Charges Account	/34x (Account)	O
34W	Total Amount For Alternative Charges Account	3!a15d (Cur­rency)(Amount)	O
36	Exchange Rate	12d	O
34X	Countervalue in Local Cur­rency	3!a15d (Cur­rency)(Amount)	O
72Z	Bank to Corpo­rate Informa­tion	6*35z (Narrative)	O
23X	File Identifica­tion	/4!c/65x (Code)( File Name or Reference)	O
29S	Customer Iden­tifier	4!c/35x (Code)(Party Identi­fier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code	O
29U	Lead Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

12.5.42 MT 758 - Settlement of Export Documentary Credit

The Settlement of Export Documentary Credit is sent to the corporate (beneficiary) by its bank (Negotiating Bank) and comprises one MT 798 message.

It is used to report the settlement of payment and/or charges on the beneficiary's side by its bank. This message is generated in the LIQD Event.

12.5.42.1 Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Specifications
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73z (Text) [n*78z] (Text)	M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
21S	Additional Bank Reference	16x	O
21A	Customer Refer­ence Number	16x	O
21T	Additional Cus­tomer Reference	16x	O
20	Documentary Credit Number	16x	M
21R	Presentation Refer­ence Number	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	O
58a	Nominated/Con­firming Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	O
29B	Nominated/Con­firming Bank Con­tact	4*35x (Narrative)	O
12R	Reason for Mes­sage	4!c (Code)	M
31S	Date of the Cover Letter	6!n (Date)	O
32B	Documentary Credit Amount	3!a15d (Cur­rency)(Amount)	M
34D	Drawing Amount	3!a15d (Cur­rency)(Amount)	O
32G	Amount of Com­mission and Charges	3!a15d (Cur­rency)(Amount)	O
33a	Net Amount	A 6!n3!a15d (Date)(Cur­rency)(Amount) B 3!a15d (Cur­rency)(Amount)	M
71E	Details of Commis­sion and Charges	100*35z (Narrative) or /8a/1!a/[3!a13d][Narra­tive] (Type)(Bank)(Cur­rency) (Amount)(Narrative)	O
57a	Account With Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) B [/1!a][/34x] (Party Identi­fier) [35x] (Location) D [/1!a][/34x] (Party Iden­tifier) 4*35x (Name & Address)	O
53C	Settlement Account	/34x (Account)	O
34Y	Total Amount For Settlement Account	3!a15d (Cur­rency)(Amount)	M
25A	Alternative Charges Account	/34x (Account)	O
34W	Total Amount For Alternative Charges Account	3!a15d (Cur­rency)(Amount)	O
12F	Recourse Indicator	4!c (Code)	O
36	Exchange Rate	12d	O
34X	Countervalue in Local Currency	3!a15d (Cur­rency)(Amount)	O
72Z	Bank to Corporate Information	6*35z (Narrative)	O
23X	File Identification	/4!c/65x (Code)( File Name or Reference)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

12.5.43 MT 759 - Ancillary Trade Structured Message

This message is sent to request or to provide information, such as a fraud alert or a financing request, concerning an existing trade transaction such as a documentary credit, demand guarantee, standby letter of credit, or an undertaking (for example, a guarantee, surety, etc.).This message must not be used where an existing MT is available, and it should be used rather than the MT 799.

12.5.43.1 Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
27	Sequence of Total	1!n/1!n	M
20	Transaction Reference Number	16x	M
21	Related Reference Number	6x	O
22D	Form of Undertaking	4!c	M
23	Undertaking Number	16x	M
52A	Issuer	A or D	O
23H	Function of Message	8!c	M
45D	Narrative	150*65z	M
23X	File Identification	4!c/65	O

12.5.44 MT 751 - Notification of Authorisation to Pay, Accept or Negotiate

The Notification of authorisation to Pay, Accept or Negotiate is sent to the corporate (beneficiary) by its bank (Issuing Bank) and comprises one MT 798 message.

They are used to notify the corporate that the documents may be taken up, notwithstanding the discrepancies, provided they are otherwise in order.

12.5.44.1 Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
MT 751 Section 1 (Index)
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M
MT 751 Section 2
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
20	Documentary Credit Number	16x	M
21A	Customer Refer­ence Number	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Iden­tifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
58a	Nominated/Con­firming Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Iden­tifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
29D	Nominated/Con­firming Bank Con­tact	4*35x (Narrative)	O
50	Applicant	4*35x (Name & Address)	O
35B	Principal Amount	3!a15d (Cur­rency)(Amount)	M
33B	Additional Amount	3!a15d (Cur­rency)(Amount)	O
32B	Credit Amount	3!a15d (Cur­rency)(Amount)	O
12R	Payment Terms	4!c	M
12S	Payment Liability	4!c	M
31M	Maturity Date	6!n (Date)	O
72Z	Bank to Corporate Information	6*35z(Narrative)	O
23X	File Identification	4!c/65x (Code)(Nar­rative)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identifier	35x (Party Identifier)	O

12.5.45 MT 798 for Free Format Message - Bank-to-Corporate - 789

The Free Format Message is sent by the corporate to its bank and comprises two MT 798 messages.

This format is common for all MT 798 messages.

Maximum Length: 10000

12.5.45.1 Format Specifications

MT 798<789> - Free Format Message - Bank-to-Corporate Index

Field Tag	Field Name	Format	Mandatory /Optional
Section 1 - MT 798 Structure
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M
Section 2- Field 77E Structure
27A	Message Index/Total	1!n/1!n   (Message Index)/ (Total)	M
21A	Customer Reference Number	16x	M
21T	Additional Customer Reference	16x	O
21P	Bank Reference Number	16x	M
21S	Additonal Bank Reference	16x	O
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
29B	Bank Contact	4*35x (Narrative)	O
72Z	Bank to Corporate Information	6*35z Narrative)	O
23X	File Identification	/4!c/65x (Code)(File Name or Refer- ence)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O
29U	Lead Bank Identifier	4!a2!a2!c[3!c] (Identifier Code)	O

MT 798<799> - Free Format Message - Bank-to-Corporate Details

Field Tag	Field Name	Format	Mandatory /Optional
Section 1 - MT 798 Structure
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73z (Text) [n*78z] (Text)	M
Section 2- Field 77E Structure [MT 799]
27A	Message Index/Total	1!n/1!n (Message Index)/ (Total)	M
21P	Bank Reference Number	16x	M
20	Transaction Reference Number	16x	M
21	Related Reference Number	16x	O
79	Narrative	30*50x (Narrative)	M

12.5.46 Special Payment Conditions for Receiving Bank - 49H and 49N

49H

Message	Message Generation	Message Preview (MSDMSPRV)	Message Preview - Print	Authorize (CSDMSGVW )	Authorize - Print
MT700/701	Yes	Yes	No	Yes	Yes
MT771/MT700/701	No	No	No	No	No
MT774/MT700/701	No	No	No	No	No
MT710	Yes	Yes	No	Yes	Yes
MT780/MT710/711	No	No	No	No	No
MT720/721	Yes	Yes	No	Yes	Yes
MT723/MT720/MT721	No	No	No	No	No
MT782/MT720/MT721	No	No	No	No	No

49N

Message	Message Generation	Message Preview (MSDMSPRV)	Message Preview - Print	Authorize (CSDMSGVW )	Authorize - Print
MT707/708	Yes	Yes	No	Yes	Yes
MT773/MT707/708	No	No	No	No	No
MT776/MT707/708	No	No	No	No	No

12.6 Guarantees and Standby Letter of Credit

This section contains the following topics:

• Section 12.6.1, "SWIFT 2018 Changes"
• Section 12.6.2, "SWIFT 2019 Changes"

12.6.1 SWIFT 2018 Changes

This section contains the following topics:

• Section 12.6.1.1, "MT 760 (Guarantee / Standby Letter Of Credit)"
• Section 12.6.1.2, "MT 767 Guarantee / Standby Letter of Credit Amendment"
• Section 12.6.1.3, "MT 768 Acknowledgement of a Guarantee / Standby Message"
• Section 12.6.1.4, "MT 769 Advice of Reduce/Release of Guarantee/Standby"
• Section 12.6.1.5, "MT 761/760 - Application for Issuance of Guarantee"
• Section 12.6.1.6, "MT (762/760) - Notification of Issuance Of Guarantee"
• Section 12.6.1.7, "MT 784/760 - Application for Issuance of Standby Letter of Credit (SBLC)"
• Section 12.6.1.8, "MT (785/760) - Notification of Issuance of Stand By LC"
• Section 12.6.1.9, "MT (763/767) - Application for Amendment of Guarantee"
• Section 12.6.1.10, "MT (764/767) - Notification of LC Amendment Guarantee"
• Section 12.6.1.11, "MT (786/767) - Application for Amendment of SBLC"
• Section 12.6.1.12, "MT (787/767) - Notification of Amendment of Standby LC"
• Section 12.6.1.13, "MT (745/760) - Advice of Issued Guarantee"
• Section 12.6.1.14, "MT (746/760) - Advice of Issued SBLC"
• Section 12.6.1.15, "MT (743/767) - Advice of Amendment of Guarantee"
• Section 12.6.1.16, "MT (744/767) - Advice of Amendment of SBLC"
• Section 12.6.1.17, "MT (783) - Request for Guarantee / Standby Letter of Credit Reduction / Release"
• Section 12.6.1.18, "MT (766/769) - Advice of Reduction /Release of Guarantee"
• Section 12.6.1.19, "MT 712 Demand for payment under Guarantee / Standby Letter of Credit – C2B"
• Section 12.6.1.20, "MT 714 Acknowledgment of demand for payment under Guarantee / Standby Letter of Credit –B2C"
• Section 12.6.1.21, "MT 779 Notification of demand for payment of Guarantee / Standby Letter of Credit – B2C"
• Section 12.6.1.22, "MT 781 Settlement of Guarantee / Standby Letter of Credit claim for payment and/or charges – B2C"
• Section 12.6.1.23, "MT 777 Query to Extend or pay Guarantee / Standby LC – B2C"
• Section 12.6.1.24, "MT 778 Response to extend or pay Guarantee / Standby Letter of Credit – C2B"

12.6.1.1 MT 760 (Guarantee / Standby Letter Of Credit)

Issues or requests the issue of a guarantee or Standby LC

Maximum Length: 10000

Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
27	Sequence of Total	1n/1n	M
20	Transaction Reference Num­ber	16x	M
23	Further Identification	16x	M
30	Date	6!n	O
40C	Applicable Rules	4!a[/35x]	M
77C	Details of Guarantee	150*65x	M
72	Sender to Receiver Information	6*35x	O

Note

• The ISPR (The guarantee is subject to International Standby Practices) additional type codes are allowed for field 40 C
• The URCG (The guarantee is subject to the ICC Uniform Rules for Demand Guar­antees) type codes are disallowed for field 40 C

12.6.1.2 MT 767 Guarantee / Standby Letter of Credit Amendment

This message is sent by a bank which has issued a guarantee to the bank to which the guarantee was issued. It may also be sent by a bank which has requested the issuance of a guarantee to the bank to which the request for a guarantee was sent.

It is used to amend or request the amendment of the guarantee.

Note

This message may also be used for Standby Letters of Credit.

Maximum Length: 10000

Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
27	Sequence of Total	1!n/1!n	M
20	Transaction Reference Number	16x	M
21	Related Reference	16x	M
23	Further Identification	16x	M
30	Date	6!n	O
26E	Number of Amendment	2n	O
31C	Date of Issue or Request to Issue	6!n	M
77C	Amendment Details	150*65x	M
72	Sender to Receiver Information	6*35x	O

12.6.1.3 MT 768 Acknowledgement of a Guarantee / Standby Message

This message type is sent by a bank which has received a guarantee to the bank which issued the guarantee or an amendment thereto. It may also be sent by a bank which has been requested to issue a guarantee to the bank which requested the guarantee or an amendment thereto.

It is used to acknowledge receipt of any message relating to a guarantee and, where applicable, to indicate that action has been taken according to the instructions. This message may also be used for Standby Letters of Credit.

The Sender's charges may also be accounted for in this message.

Maximum Length: 2000

Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Number	16x	M
21	Related Reference	16x	M
25	Account Identification	35x	O
30	Date of Message Being Acknowledged	6!n	M
32a	Amount of Charges	B or D	O
57a	Account With Bank	A, B, or D	O
71B	Details of Charges	6*35x	O
72	Sender to Receiver Information	6*35x	O

12.6.1.4 MT 769 Advice of Reduce/Release of Guarantee/Standby

The Advice of Guarantee / Standby LC Reduction or Release message is sent by a bank which has received a guarantee to the bank which has issued the guarantee. It may also be sent by a bank which has been requested to issue a guarantee to the bank which requested the issuance of the guarantee.

This message is also used for Standby Letters of Credit. It is used to advise the Receiver that it has been released of all liability for the amount specified.The Sender's charges is also accounted for this message.

Maximum Length: 10000

Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Num­ber	16x	M
21	Related Reference	16x	M
25	Account Identification	35x	O
30	Date of Reduction or Release	6!n	O
32a	Amount of Charges	B or D	O
33B	Amount Reduced or Released	3!a15d	O
34B	Amount Outstanding	3!a15d	O
39C	Amount Specification	4*35x	O
57a	Account With Bank	A, B, or D	O
71B	Details of Charges	6*35x	O
72Z	Sender to Receiver Informa­tion	6*35x	O

STP for MT 769

It is required to process the request for release/reduction of Guarantee/SBLC message received by the Issuing bank from the advising bank.

MT798 for the reduction/release of the guarantee/SBLC (MT766) is triggered which is sent to the applicant.

12.6.1.5 MT 761/760 - Application for Issuance of Guarantee

STP processing for guarantee contract is supported for MT798 message to request for issuance of guarantee which is sent from the applicant to the issuing bank.

This comprises of two MT798 messages. The first sub message is identified by the sub message type 761. The second MT 798 message identified with a sub-message type of 760 and enveloping one MT 760 message. The existing bank-to-bank MT 760 message specification is applicable for the sub message type 760.

Format Specifications for Index Message (MT 761)

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Structure
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73x (Text) [n*78x](Text)	M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Reference Number	16x	M
22D	Kind of Guarantee	4!c (Code)	M
22K	Type of Guarantee	4!c[/35x] (Type of Guaran­tee)(Narra­tive)	M
22E	Form of Guarantee	4!c (Code)	M
22J	Wording of Guarantee	4!c (Code)	M
22B	Special Terms	4!c (Code)	O
22L	Language of Standing Wording	2!c (Code)	O
50	Applicant	4*35x (Name & Address)	M
50M	Alternative Applicant	4*35x (Name & Address)	O
12E	Indicator of Alternative Benefi­cial Owner	4!c (Code)	O
39P	Guarantee Amount	4!c/3!a15d (Type)(Cur­rency)(Amount)	M
39C	Additional Amounts/Interest Covered	4*35x (Narrative)	O
23B	Validity Type	4!c (Type)	M
31L	Validity Expiry Date	6!n (Date)	O
31S	Approximate Expiry Date	6!n (Date)	O
35L	Specification of Expiry	4*35x (Narrative)	O
23E	Method of Transmission	4!c[/30x] (Method)(Additional Infor­mation)	O
24E	Delivery of Original Gurantee	4!c[/30x] (Method)(Additional Infor­mation)	O
22G	Delivery to	4!c (Code)	O
50B	Delivery Address	4*35x (Narrative)	O
53C	Liability Account	/34x (Account)	O
25A	Charges Account	/34x (Account)	O
59	Beneficiary	[/34x] (Account 4*35x) (Name & Address)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identi­fier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	O
58a	Advising Bank	A [/1!a][/34x] (Party Identi­fier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	O
49	Confirmation Indicator	7!x (Instruc­tion)	O
26D	Liability Details	30*65x (Narrative)	M
20E	Form of Guarantee	4!c (Code)	M
31R	Reference Date	6!n[/6!n] (Date 1)(Date 2)	O
71F	Total Order/Contract Amount	3!a15d (Cur­rency)(Amount)	O
37J	Guarantee Value in Percent	12d	O
29A	Customer Contact	4*35x (Narrative)	O
29D	Beneficiary Contact	4*35x (Narrative)	O
72C	Corporate to Bank Information	6*35x (Narrative)	O
23X	File Identification	4!c/65x (Code)(Nar­rative)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identifier	35x (Party Identifier)	O
21R	Bank Reference Number	16x	O

12.6.1.6 MT (762/760) - Notification of Issuance Of Guarantee

The Notification of the Issue of or the Request for a third bank for issuance of a Guarantee / Standby LC is sent to the corporate by its bank and comprises at least two MT 798 messages. This comprises of two MT798 messages .The first sub message is identified by the sub message type 762. The second MT 798 message identified with a sub-message type of 760 and enveloping one MT 760 message. The existing bank-to-bank MT 760 message specification is used.

It is used in the following scenarios:

• Notifying the applicant about Guarantee / Standby Letter of Credit issued.
• Notifying the applicant about a request to a third bank for the issuance of a Guarantee / Standby Letter of Credit initiation.

Maximum Length: 10000

Format Specifications for Index Message (MT 762)

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Structure
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73x (Text) [n*78x] (Text)	M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Ref­erence Number	16x	M
20	Guarantee Number	16x	M
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
39P	Guarantee Amount	4!c/3!a15d (Type)(Cur­rency)(Amount)	M
23B	Validity Type	4!c (Type)	M
31L	Validity Expiry Date	6!n (Date)	O
31S	Approximate Expiry Date	6!n (Date)	O
50	Applicant	4*35x (Name & Address)	M
50M	Alternative Applicant	4*35x (Name & Address)	O
59	Beneficiary	[/34x] (Account 4*35x) (Name & Address)	M
52a	Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
58a	Advising Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
49H	Special agree­ments	50*65x (Narrative)	O
29B	Bank Contact	4*35x (Narrative)	O
72C	Bank to Corpo­rate Informa­tion	6*35x (Narrative)	O
23X	File Identifica­tion	4!c/65x (Code)(Narrative)	O
29S	Customer Iden­tifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identifier	35x (Party Identifier)	O
22D	Kind of Guar­antee	4!c (Code)	O
22K	Type of Guar­antee	4!c[/35x] (Type of Guaran­tee)(Narrative)	O
35L	Specification of Expiry	4*35x (Narrative)	O

12.6.1.7 MT 784/760 - Application for Issuance of Standby Letter of Credit (SBLC)

STP processing for SBLC contract is supported for MT798 message for request for issuance of SBLC and this is sent from the applicant to the issuing bank.

This comprises of two MT798 messages.The first sub message is identified by the sub message type 784. The second MT 798 message identified with a sub-message type of 760 and enveloping one MT 760 message. The existing bank-to-bank MT 760 message specification is used.

Format Specifications for Index Message (MT 784)

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Structure
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73x (Text) [n*78x](Text)	M
Field 77E Structure
27A	Message Index / Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Reference Number	16x	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
40A	Form of Credit	24x (Type)	M
50	Applicant	4*35x (Name & Address)	M
50M	Ultimate Obligor	4*35x (Name & Address)	O
33E	Credit Amount	3!a15d (Cur­rency)(Amount)	M
39A	Percentage Credit Amount Tol­erance	2n/2n (Tolerance 1)(Toler­ance 2)	O
39B	Maximum Credit Amount	13x	O
31L	Validity Expiry Date	6!n (Date)	M
35L	Specification of Expiry	4*35x (Narrative)	O
23F	Automatic Extension Period	4!c[/30x] (Code)(Addi­tional Infor­mation)	O
38A	Automatic Extension End Notice Days	3n (Days)	O
31S	Automatic Extension Final Expiry Date	6!n (Date)	O
23E	Method of Transmission	4!c[/30x] (Method)(Additional Infor­mation)	O
24E	Delivery of Original Credit	4!c[/30x] (Method)(Additional Infor­mation)	O
22G	Delivery to	4!c (Code)	O
50B	Delivery Address	4*35x (Name & Address)
25A	Charges Account	/34x (Account)	O
22P	Drawing Mode	4!c[/4!c] (Code)(Code)	O
45C	Drawing Requirements	100*65x (Narrative)	M
59	Beneficiary	[/34x] (Account)	M
29D	Beneficiary Contact	4*35x) (Name & Address)	O
50N	Secondary Credit Beneficiary	4*35x (Narrative)	O
29C	Secondary Credit Contact Name	4*35x (Name & Address)	O
22K	Secondary Credit Type	35x	O
33F	Secondary Credit Amount	4!c[/35x] (Type of Guaran­tee)(Narra­tive)	O
31V	Secondary Credit Validity Expiry Date	3!a15d (Cur­rency)(Amount)	O
52a	Issuing Bank	6!n (Date)	O
58a	Advising Bank	A [/1!a][/34x] (Party Identi­fier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	O
49	Confirmation Indicator	A [/1!a][/34x] (Party Identi­fier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identi­fier) 4*35x (Name & Address)	O
26D	Credit Purpose	7!x (Instruction)	M
29A	Customer Contact	30*65x (Narrative)	O
72C	Corporate to Bank Information	4*35x (Narrative)	O
23X	File Identification	6*35x (Narrative)	O
29S	Customer Identifier	4!c/65x (Code)(Nar­rative)	O
29P	Processing Bank Identifier	4!c/35x (Code)(Party Identifier)	O
29U	Lead Bank Identifier	35x (Party Identi­fier)	O
21R	Bank Reference Number	35x (Party Identi­fier)	O

12.6.1.8 MT (785/760) - Notification of Issuance of Stand By LC

The Application for issuance Standby LC will be sent by the corporate (Applicant) to its bank and comprised of two MT 798 messages.

The first MT 798 message identified with a sub-message type of 785 or a sub-message type of 760 in the case of a standby letter of credit, and enveloping one index message. The existing bank-to-bank MT 760 message specification is used.

Maximum Length: 10000

Format Specifications for Index Message (MT 785)

Field Tag		Field Name	Format	Optional/Mandatory
	MT 798 Structure
20		Transaction Ref­erence Number	16x	M
12		Sub-Message Type	3!n	M
77E		Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M
F	Field 77E Structure
27A		Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A		Customer Refer­ence Number	16x	M
20		Credit Number	16x	M
13E		Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
40A		Form of Credit	24x (Type)	M
50		Applicant	4*35x (Name & Address)	M
50M		Ultimate Obligor	4*35x (Name & Address)	O
33E		Credit Amount	3!a15d (Currency)(Amount)	M
39A		Percentage Credit Amount Tolerance	2n/2n (Tolerance 1)(Toler­ance 2)	O
39B		Maximum Credit Amount	13x	O
31L		Validity Expiry Date	6!n (Date)	M
35L		Specification of Expiry	4*35x (Narrative)	O
23F		Automatic Exten­sion Period	4!c[/30x] (Code)(Additional Infor­mation	O
38A		Automatic Exten­sion End Notice Days	3n (Days)	O
31S		Automatic Exten­sion Final Expiry Date	6!n (Date)	O
23E		Method of Trans­mission	4!c[/30x] (Method)(Additional Information	O
24E		Delivery of Origi­nal Credit	4!c[/30x] (Method)(Additional Information)	O
22G		Delivery to	4!c (Code)	O
50B		Delivery Address	4*35x (Name & Address)	O
25A		Charges Account	/34x (Account)	O
22P		Drawing Mode	4!c[/4!c] (Code)(Code)	O
45C		Drawing Requirements	100*65x (Narrative)	M
59		Beneficiary	[/34x] (Account 4*35x) (Name & Address)	M
29D		Beneficiary Con­tact	4*35x (Narrative)	O
50N		Secondary Credit Beneficiary	4*35x (Name & Address)	O
29C		Secondary Credit Contact Name	35x	O
22K		Secondary Credit Type	4!c[/35x] (Type of Guaran­tee)(Narrative)	O
33F		Secondary Credit Amount	3!a15d (Currency)(Amount)	O
31V		Secondary Credit Validity Expiry Date	6!n (Date)	O
52a		Issuing Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
58a		Advising Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
49		Confirmation Indicator	7!x (Instruction)	O
26D		Credit Purpose	30*65x (Narrative)	M
29B		Bank Contact	4*35x (Narrative)	O
72C		Bank to Corpo­rate Information	6*35x (Narrative)	O
23X		File Identification	4!c/65x (Code)(Narrative)	O
29S		Customer Identi­fier	4!c/35x (Code)(Party Identifier)	O
29P		Processing Bank Identifier	35x (Party Identifier)	O
29U		Lead Bank Iden­tifier	35x (Party Identifier)	O

12.6.1.9 MT (763/767) - Application for Amendment of Guarantee

STP processing for guarantee contract is supported for MT798 message for request for amendment of guarantee and this sent from the applicant to the issuing bank.

This comprises of two MT798 messages.The first sub message is identified by the sub message type 763. The second MT 798 message identified with a sub-message type of 767 and enveloping one MT 767 message. The existing bank-to-bank MT 767 message specification is used.

 

Format Specifications for Index Message (MT 763)

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Structure
20	Transaction Reference Number	16x	M
12	Sub-Mes­sage Type	3!n	M
77E	Proprietary Message	73x (Text) [n*78x] (Text)	M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Reference Number	16x	M
20	Guarantee Number	16x	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
32B	Increase of Guarantee Amount	3!a15d (Currency)(Amount)	O
33B	Decrease of Guarantee Amount	3!a15d (Currency)(Amount)	O
23B	New Validity Type	4!c (Type)	O
31L	New Validity Expiry Date	6!n (Date)	O
31S	New Approxi­mate Expiry Date	6!n (Date)	O
23E	Method of Transmis­sion	4!c[/30x] (Method)(Additional Information)	O
24E	Delivery of original amendment	4!c[/35x] (Method)(Additional Information)	O
22G	Delivery to	4!c (Code)	O
50B	Delivery Address	4*35x (Name & Address)	O
29A	Customer Contact	4*35x (Narrative)	O
72C	Corporate to Bank Infor­mation	6*35x (Narrative)	O
23X	File Identifi­cation	4!c/65x (Code)(Narrative)	O
26E	Number of Amendment	2n (Number)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identi­fier	35x (Party Identifier)	O
29U	Lead Bank Identifier	35x (Party Identifier)	O

12.6.1.10 MT (764/767) - Notification of LC Amendment Guarantee

The Notification of the Issue of or the Request for a third bank amendment, a previously issued Guarantee / Standby LC sent to the corporate by the bank and comprised of two MT 798 messages.

The system generates two records at the outgoing browser:

• 1. Index Message 764 and
• 2. Message Type 767

Tag details are retrieved from the contract screen or from the index table which stores the values from MT798 incoming messages.

Format Specifications for Index Message (MT 764)

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Structure
20	Transaction Reference Number	16x	M
12	Sub-Mes­sage Type	3!n	M
77E	Proprietary Message	73x (Text) [n*78x] (Text)	M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Reference Number	16x	M
20	Guarantee Number	16x	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
32B	Increase of Guarantee Amount	3!a15d (Currency)(Amount)	O
33B	Decrease of Guarantee Amount	3!a15d (Currency)(Amount)	O
34B	New Guar­antee Amount After Amendment	3!a15d (Currency)(Amount)	O
23B	New Valid­ity Type	4!c (Type)	O
31L	New Valid­ity Expiry Date	6!n (Date)	O
31S	New Approxi­mate Expiry Date	6!n (Date)	O
49H	Special agreements	50*65x (Narrative)	O
29B	Bank Con­tact	4*35x (Narrative)	O
72C	Bank to Cor­porate Infor­mation	6*35x (Narrative)	O
23X	File Identifi­cation	4!c/65x (Code)(Narrative)	O
26E	Number of Amendment	2n (Number)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identi­fier)	O
29P	Processing Bank Identi­fier	35x (Party Identifier)	O
29U	Lead Bank Identifier	35x (Party Identifier)	O

12.6.1.11 MT (786/767) - Application for Amendment of SBLC

STP processing for guarantee contract supports MT798 message for request for amendment of guarantee and this is sent from the applicant to the issuing bank.

This comprises of two MT798 messages.The first sub message is identified by the sub message type 786. The second MT 798 message identified with a sub-message type of 767 and enveloping one MT 767 message. The existing bank-to-bank MT 767 message specification is used.

Format Specifications for Index Message (MT 786)

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Structure
20	Transaction Ref­erence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Refer­ence Number	16x	M
20	Guarantee Num­ber	16x	M
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
32B	Increase of Guar­antee Amount	3!a15d (Currency)(Amount)	O
33B	Decrease of Guarantee Amount	3!a15d (Currency)(Amount)	O
39A	New Percentage Credit Amount Tolerance	2n/2n (Tolerance 1)(Tolerance 2)	O
23B	New Validity Type	4!c (Type)	O
31L	New Validity Expiry Date	6!n (Date)	O
35L	New Specifica­tion of Expiry	4*35x (Narrative)	O
23F	New Automatic Extension Period	4!c[/30x] (Code)(Additional Infor­mation)	O
38A	New Automatic Extension End Notice Days	3n (Days)	O
31S	New Automatic Extension Final Expiry Date	6!n (Date)	O
23E	Method of Trans­mission	4!c[/30x] (Method)(Additional Information)	O
24E	Delivery of origi­nal amendment	4!c[/35x] (Method)(Additional Information)	O
22G	Delivery to	4!c (Code)	O
50B	Delivery Address	4*35x (Name & Address)	O
29A	Customer Con­tact	4*35x (Narrative)	O
72C	Corporate to Bank Information	6*35x (Narrative)	O
23X	File Identification	4!c/65x (Code)(Narrative)	O
26E	Number of Amendment	2n (Number)	O
29S	Customer Identi­fier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identi­fier	35x (Party Identifier)	O

12.6.1.12 MT (787/767) - Notification of Amendment of Standby LC

The message is generated while modifying the stand by LC contract and this triggers the AMND event of the SBLC contract.

The message type ‘TRADE_ENVELOP’ is mapped against AMND event at product level.

The MT798 message generates has the index message with swift sub message type as 786 and the detail message as 767.The existing bank-to-bank MT 767 message specification is used.

 

Format Specifications for Index Message (786)

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Structure
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73x (Text) [n*78x] (Text)	M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Ref­erence Number	16x	M
20	Credit Number	16x	M
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
32B	Increase of Credit Amount	3!a15d (Currency)(Amount)	O
33B	Decrease of Credit Amount	3!a15d (Currency)(Amount)	0
34B	New Credit Amount After Amendment	3!a15d (Currency)(Amount)	O
39A	New Percent­age Credit Amount Toler­ance	2n/2n (Tolerance 1)(Toler­ance 2)	O
31L	New Validity Expiry Date	6!n (Date)	O
35L	New Specifica­tion of Expiry	4*35x (Narrative)	O
23F	New Auto­matic Exten­sion Period	4!c[/30x] (Code)(Additional Information)	O
38A	New Auto­matic Exten­sion End Notice Days	3n (Days)	O
31S	Automatic Extension Final Expiry Date	6!n (Date)	O
23E	Method of Transmission	4!c[/30x] (Method)(Additional Information	O
24E	Delivery of Original Credit	4!c[/30x] (Method)(Additional Information)	O
22G	Delivery to	4!c (Code)	O
50B	Delivery Address	4*35x (Name & Address)	O
29B	Bank Contact	4*35x (Narrative)	O
72C	Bank to Corpo­rate Informa­tion	6*35x (Narrative)	O
23X	File Identifica­tion	4!c/65x (Code)(Narrative)	O
26E	Number of Amendment	2n (Number)	O
29S	Customer Iden­tifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identifier	35x (Party Identifier)	O

12.6.1.13 MT (745/760) - Advice of Issued Guarantee

The Advice of issued Guarantee / Standby LC is sent to the corporate (Beneficiary) by its bank (Advising Bank) as advice of an issued Guarantee or Standby LC.

The MT798 message generates the index message with swift sub message type as 745 or 746 and the details message as 760. The detail message MT760 is optional and this is based on the flag, ‘Envelop Detail Message’ maintained at branch parameter level.

Format Specifications for Index Message (MT 745)

Field Tag	Field Name	Format		Optional/Mandatory
MT 798 Structure
20	Transaction Ref­erence Number	16x		M
12	Sub-Message Type	3!n		M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)		M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
20	Guarantee Num­ber	16x	M
21A	Customer Refer­ence Number	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
52a	Issuing/Guaran­tor Bank	A [/1!a][/34x] (Party Identi­fier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address	m
29B	Issuing/Guaran­tor Bank Contact	4*35x (Narrative)	O
58a	Advising Bank	A [/1!a][/34x] (Party Identi­fier) 4!a2!a2!c[3!c] (Identi­fier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address	O
29D	Advising Bank Contact	4*35x (Narrative)	O
50	Applicant	4*35x (Name & Address)	O
78B	Instructions from the Bank	50*65x (Narrative)	O
72C	Bank to Corpo­rate Information	6*35x (Narrative)	O
23X	File Identification	4!c/65x (Code)(Narrative)	O
29S	Customer Identi­fier	4!c/35x (Code)(Party Iden­tifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identi­fier	35x (Party Identifier)	O

12.6.1.14 MT (746/760) - Advice of Issued SBLC

The message generates on advice of SBLC contract from the advising bank to the beneficiary and this triggers on the BADV event of the SBLC product.

‘TRADE_ENVELOP’ message type is mapped against this event at product level.

MT798 message generates the index message with swift sub message type as 746 and the detail message as 760. The existing bank-to-bank MT 760 message specification is used.

 

Format Specifications for Index Message (MT 746)

Field Tag		Field Name	Format	Optional/Mandatory
MT 798 Structure
20		Transaction Refer­ence Number	16x	M
12		Sub-Message Type	3!n	M
77E		Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M
Field 77E Structure
27A	Message Index/Total		1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number		16x	M
20	Credit Number		16x	M
21A	Customer Refer­ence Number		16x	O
31C	Date of Issue		6!n (Date)	M
13E	Message Creation Date Time		8!n4!n (Date)(Time)	M
52a	Issuing/Guarantor Bank		A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	M
29B	Issuing/Guarantor Bank Contact		4*35x (Narrative)	O
58a	Advising/Confirming Bank		A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address	O
29D	Advising/Confirming Bank Contact		4*35x (Narrative)	O
50	Applicant		4*35x (Name & Address)	O
78B	Instructions from the Bank		50*65x (Narrative)	O
72C	Bank to Corporate Information		6*35x (Narrative)	O
23X	File Identification		4!c/65x (Code)(Narrative)	O
29S	Customer Identifier		4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier		35x (Party Identifier)	O
29U	Lead Bank Identifier		35x (Party Identifier)	O

12.6.1.15 MT (743/767) - Advice of Amendment of Guarantee

The message generates on amendment of an export guarantee contract. The message is sent from the advising bank to the beneficiary and this triggers on the AMND event of the guarantee contract.

‘TRADE_ENVELOP’ message type is mapped against this event at product level.

MT798 message generates the index message with swift sub message type as 743 and the detail message as 767. The existing bank-to-bank MT 767 message specification is used.

 

Format Specifications for Index Message (MT 743)

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Structure
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73x (Text) [n*78x] (Text)	M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Refer­ence Number	16x	M
20	Guarantee Number	16x	M
21A	Customer Ref­erence Number	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)	M
52a	Issuing/Guar­antor Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address	m
29B	Issuing/Guar­antor Bank Contact	4*35x (Narrative)	O
58a	Advising Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address	O
29D	Advising Bank Contact	4*35x (Narrative)	O
50	Applicant	4*35x (Name & Address)	O
78B	Instructions from the Bank	50*65x (Narrative)	O
72C	Bank to Corpo­rate Informa­tion	6*35x (Narrative)	O
23X	File Identifica­tion	4!c/65x (Code)(Narrative)	O
26E	Number of Amendment	2n (Number)	O
29S	Customer Iden­tifier	4!c/35x (Code)(Party Iden­tifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identifier	35x (Party Identifier)	O

12.6.1.16 MT (744/767) - Advice of Amendment of SBLC

The message generates on the advice of amended SBLC from the advising bank to the beneficiary and this triggers on the AMND event of the SBLC contract.

‘TRADE_ENVELOP’ message type is mapped against this event at product level.

This comprises of two MT798 messages. The first sub message is identified by the sub message type 743. The second MT 798 message identified with a sub-message type of 767 and enveloping one MT 767 message. The existing bank-to-bank MT 767 message specification is used.

Format Specifications for Index Message (MT 743)

Field Tag	Field Name	Format	Optional/Mandatory
MT 798 Structure
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73x (Text) [n*78x] (Text)	M
Field 77E Structure
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Refer­ence Number	16x	M
20	Guarantee Number	16x	M
21A	Customer Ref­erence Num­ber	16x	O
31C	Date of Issue	6!n (Date)	M
13E	Message Cre­ation Date Time	8!n4!n (Date)(Time)	M
52a	Issuing/Guar­antor Bank	A [/1!a][/34x] (Party Iden­tifier) 4!a2!a2!c[3!c] (Iden­tifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address	m
29B	Issuing/Guar­antor Bank Contact	4*35x (Narrative)	O
58a	Advising Bank	A [/1!a][/34x] (Party Iden­tifier) 4!a2!a2!c[3!c] (Iden­tifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address	O
29D	Advising Bank Contact	4*35x (Narrative)	O
50	Applicant	4*35x (Name & Address)	O
78B	Instructions from the Bank	50*65x (Narrative)	O
72C	Bank to Cor­porate Infor­mation	6*35x (Narrative)	O
23X	File Identifica­tion	4!c/65x (Code)(Narrative)	O
26E	Number of Amendment	2n (Number)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identifier	35x (Party Identifier)	O

12.6.1.17 MT (783) - Request for Guarantee / Standby Letter of Credit Reduction / Release

The Request for Guarantee / Standby LC Reduction / Release is sent by the corporate (Applicant) to their bank and comprises one MT 798 message. This message is used by the Applicant to request that it be released of all liability for the specified amount.

A single Request for Guarantee / Standby LC Reduction / Release message must comprise:

One MT 798 message identified with a sub-message type of 783 and enveloping one index message. This message contains all the necessary data elements for corporate-to-bank exchange. There is no equivalent bank-to-bank message.

Dates defined as 6!n must be in the form of YYMMDD. Dates defined as 8!n must be in the form of YYYYMMDD.

Format Specification

Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Message	73x [n*78x]	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n	M
21A	Customer Reference Number	16x	M
20	Guarantee/Credit Number	16x	M
13E	Message Creation Date Time	8!n4!n	M
33B	Amount Reduced or Released	3!a15d	M
22N	Reason for Reduction/Release	4!c	M
49K	Other Reason for Reduc­tion/Release	6*65x	O
29A	Customer Contact	4*35x	O
72C	Corporate to Bank Infor­mation	6*35x	O
23X	File Identification	4!c/65x	O
29S	Customer Identifier	4!c/35x	O
29P	Processing Bank Identifier	35x	O
29U	Lead Bank Identifier	35x	O

12.6.1.18 MT (766/769) - Advice of Reduction /Release of Guarantee

The Advice of Guarantee / Standby LC Reduction or Release is sent to the corporate by their bank and comprises at least two MT 798 messages.

These messages advises the reduction in or release of liability for the specified amount, for either a previously issued Guarantee or a previously issued Standby Letter of Credit.

This comprises of two MT798 messages .The first sub message is identified by the sub message type 766. The second MT 798 message identified with a sub-message type of 769 and enveloping one MT 769 message. The existing bank-to-bank MT 769 message specification is used.

Maximum Length : 10000

Format Specifications for Index Message (MT 766)

Section 1 - MT 798 Structure

Field Tag	Field Name		Format	Optional/Mandatory
20	Transaction Ref­erence Number		16x	M
12	Sub-Message Type		3!n	M
77E	Proprietary Mes­sage		73x (Text) [n*78x] (Text)	M
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)		M
21A	Customer Refer­ence Number	16x		M
20	Guarantee/Credit Number	16x		M
13E	Message Crea­tion Date Time	8!n4!n (Date)(Time)		M
29B	Bank Contact	4*35x (Narrative)		O
72C	Bank to Corpo­rate Information	6*35x (Narrative)		O
23X	File Identifica­tion	4!c/65x (Code)(Narra­tive)		O
29S	Customer Identi­fier	4!c/35x (Code)(Party Identifier)		O
29P	Processing Bank Identifier	35x (Party Identifier)		O
29U	Lead Bank Iden­tifier	35x (Party Identifier)		O

12.6.1.19 MT 712 Demand for payment under Guarantee / Standby Letter of Credit – C2B

The Demand for payment under Guarantee / Standby LC is sent by the corporate (Beneficiary) to its bank and comprises at least two MT 798 messages.

These messages are used to demand payment under a guarantee and includes a request to extend the expiry date and to indicate availability of supporting documentation.

Format Specifications

MT 798<712> - Claim for payment under Guarantee / Standby Letter of Credit Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Refer­ence Number	16x	M
20	Guarantee/Credit Number	16x	M
31C	Date of Issue	6!n (Date)	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
52a	Issuing/Guarantor Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
32B	Guarantee/Credit Amount	3!a15d (Cur­rency)(Amount)	M
39D	Amount Claimed	3!a15d (Cur­rency)(Amount)	M
49J	Beneficiary State­ment	50*65x (Narra­tive)	M
57a	Account With Bank	A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) B [/1!a][/34x] (Party Identifier) [35x] (Location) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address)	O
53C	Settlement Account	/34x (Account)	O
25A	Alternative Charges Account	/34x (Account)	O
29A	Customer Contact	4*35x (Narrative)	O
72C	Corporate to Bank Information	6*35x (Narrative)	O
23X	Presentation Chan­nel	4!c/65x (Code)(Narrative)	M
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identi­fier	35x (Party Identifier)	O

12.6.1.20 MT 714 Acknowledgment of demand for payment under Guarantee / Standby Letter of Credit –B2C

The acknowledgment of claim for payment under Guarantee / Standby LC is sent to the corporate (Beneficiary) by its bank and comprises one MT 798 message.

It acknowledges the receipt of a claim under a Guarantee / Standby LC, and provides further instructions and/or information as appropriate.

Format Specifications

MT 798<714> - Acknowledgment of claim for payment under Guarantee / Standby Letter of Credit Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21P	Bank Reference Number	16x	M
20	Guarantee/Credit Number	16x	M
21A	Customer Refer­ence Number	16x	M
31C	Date of Issue	6!n (Date)	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
32B	Guarantee/Credit Amount	3!a15d (Cur­rency)(Amount)	M
31S	Date of Claim	6!n (Date)	M
39D	Amount Claimed	3!a15d (Cur­rency)(Amount)	M
78B	Instructions from the Bank	50*65x (Narra­tive)	O
29B	Bank Contact	4*35x (Narrative)	O
72C	Bank to Corporate Information	6*35x (Narrative)	O
23X	File Identification	4!c/65x (Code)(Narrative)	O
29S	Customer Identi­fier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identi­fier	35x (Party Identifier)	O

12.6.1.21 MT 779 Notification of demand for payment of Guarantee / Standby Letter of Credit – B2C

The Notification of claim for Payment of Guarantee is sent to a corporate (Applicant) by their bank and comprises one MT 798 message.

This message is used by the bank to notify the corporate that the bank has received a claim for payment under a specified Guarantee / Standby LC.

Format Specifications

MT 798<779> - Notification of claim for payment of Guarantee / Standby Letter of Credit Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Refer­ence Number	16x	M
20	Guarantee/Credit Number	16x	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
31C	Date of Claim for Payment	6!n (Date)	M
39D	Amount Claimed	3!a15d (Cur­rency)(Amount)	M
49J	Text of Claim for Payment	50*65x (Narra­tive)	O
78B	Instructions from the Bank	50*65x (Narra­tive)	O
29B	Bank Contact	4*35x (Narrative)	O
72C	Bank to Corporate Information	6*35x (Narrative)	O
23X	File Identification	4!c/65x (Code)(Narra­tive)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identi­fier	35x (Party Identifier)	O

12.6.1.22 MT 781 Settlement of Guarantee / Standby Letter of Credit claim for payment and/or charges – B2C

The Settlement of Guarantee / Standby LC claim for payment and/or Charges under a specified Guarantee/Standby LC is sent by the bank to the corporate (Applicant) and comprises one MT 798 message.

This message is used by the bank to inform the Applicant about the details of the settlement of a claim for payment.

Format Specifications

MT 798<781> - Settlement of Guarantee / Standby Letter of Credit claim for payment and/or charges Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Refer­ence Number	16x	M
20	Guarantee/Credit Number	16x	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
22R	Reason for Mes­sage	4!c (Code)	M
39D	Amount Claimed	3!a15d (Cur­rency)(Amount)	O
34K	Counterparty Com­mission and Charges	3!a15d (Cur­rency)(Amount)	O
34L	Total Amount Claimed	3!a15d (Cur­rency)(Amount)	O
34M	Own Commission and Charges	3!a15d (Cur­rency)(Amount)	O
71B	Details of Own Commission and Charges	6*35x (Narra­tive) or /8a/[3!a13d][Narra­tive] (Code)(Cur­rency) (Amount)(Nar­rative)	O
34S	Debit Guarantee Commission	3!a15d (Cur­rency)(Amount)	O
34T	Refund Guarantee Commission	3!a15d (Cur­rency)(Amount)	O
22S	Amount Specifica­tion for Guarantee Commission	4!c (Code)	O
31J	Calculation From	6!n (Date)	O
31K	Calculation To	6!n (Date)	O
37J	Guarantee Com­mission in Percent	12d	O
34U	Base Amount for Calculation of Guarantee Com­mission	3!a15d (Cur­rency)(Amount)	O
53C	Settlement Account	/34x (Account)	O
34V	Total Amount Set­tlement Account	3!a15d (Cur­rency)(Amount)	O
25A	Alternative Charges Account	/34x (Account)	O
34W	Total Amount Alter­native Charges Account	3!a15d (Cur­rency)(Amount)	O
30	Value Date	6!n (Date)	O
36	Exchange Rate	12d	O
34X	Countervalue in Local Currency	3!a15d (Cur­rency)(Amount)	O
78B	Instructions from the Bank	50*65x (Narra­tive)	O
29B	Bank Contact	4*35x (Narra­tive)	O
72C	Bank to Corporate Information	6*35x (Narra­tive)	O
23X	File Identification	4!c/65x (Code)(Narra­tive)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identifier)	O
29U	Lead Bank Identi­fier	35x (Party Identifier)	O

12.6.1.23 MT 777 Query to Extend or pay Guarantee / Standby LC – B2C

The Query to Extend or Pay is sent by the bank to the corporate (Applicant) and comprises one MT 798 message.

This message is used to indicate that the bank has received a request to "extend or pay" under a specified Guarantee / Standby LC and to seek a response from the Applicant, either to extend the guarantee or pay the guarantee.

Format Specifications

MT 798<777> - Query to extend or pay Guarantee / Standby Letter of Credit Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Refer­ence Number	16x	M
20	Guarantee/Credit Number	16x	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
31C	Date of Extend or Pay Request	6!n (Date)	M
39D	Amount Claimed	3!a15d (Cur­rency)(Amount)	O
31L	New Validity Expiry Date	6!n (Date)	O
49J	Text of Extend or Pay Request	50*65x (Narra­tive)	O
78B	Instructions from the Bank	50*65x (Narra­tive)	O
31T	Latest Date for Reply	6!n (Date)	M
29B	Bank Contact	4*35x (Narrative)	O
72C	Bank to Corporate Information	6*35x (Narrative)	O
23X	File Identification	4!c/65x (Code)(Narra­tive)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identi­fier)	O
29U	Lead Bank Identi­fier	35x (Party Identi­fier)	O

12.6.1.24 MT 778 Response to extend or pay Guarantee / Standby Letter of Credit – C2B

The Response to Extend or Pay Guarantee is sent by the corporate (Applicant) to their bank and comprises one MT 798 message.

This message is used by the Applicant in response to a Query to Extend or Pay Guarantee / Standby LC under a specified Guarantee / Standby LC and to indicate instructions to either extend the Guarantee/ Standby LC or pay the Guarantee / Standby LC.

Format Specifications

MT 798<778> - Response to extend or pay Guarantee / Standby Letter of Credit Section 1 - MT 798 Structure

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73x (Text) [n*78x] (Text)	M

Section 2 – Field 77E Structure

Field Tag	Field Name	Format	Optional/Mandatory
27A	Message Index/Total	1!n/1!n (Message Index)/(Total)	M
21A	Customer Refer­ence Number	16x	M
20	Guarantee/Credit Number	16x	M
13E	Message Creation Date Time	8!n4!n (Date)(Time)	M
31C	Date of Extend or Pay Request	6!n (Date)	M
39D	Amount Claimed	3!a15d (Cur­rency)(Amount)	O
31L	New Validity Expiry Date	6!n (Date)	O
22M	Extend or Pay Instructions	4!c (Code)	M
53C	Settlement Account	/34x (Account)	O
25A	Alternative Charges Account	/34x (Account)	O
29A	Customer Contact	4*35x (Narrative)	O
72C	Corporate to Bank Information	6*35x (Narrative)	O
23X	File Identification	4!c/65x (Code)(Narra­tive)	O
29S	Customer Identifier	4!c/35x (Code)(Party Identifier)	O
29P	Processing Bank Identifier	35x (Party Identi­fier)	O
29U	Lead Bank Identi­fier	35x (Party Identi­fier)	O

12.6.2 SWIFT 2019 Changes

This section contains the following topics:

• Section 12.6.2.1, "MT 760 (Guarantee / Standby Letter Of Credit)"
• Section 12.6.2.2, "MT 761 Issuance of Guarantee/ Standby Letters of Credit Extension"
• Section 12.6.2.3, "MT 767 Guarantee / Standby Letter of Credit Amendment"
• Section 12.6.2.4, "MT 775 Guarantee/Standby Letters of Credit Amendment Extension Message"
• Section 12.6.2.5, "MT 765 - Guarantee/Standby Letter of Credit Demand"
• Section 12.6.2.6, "MT 768 Acknowledgement of a Guarantee / Standby Message"
• Section 12.6.2.7, "MT 769 Advice of Reduce/Release of Guarantee/Standby"
• Section 12.6.2.8, "MT 786 Guarantee/Standby Letter of Credit Demand Refusal"
• Section 12.6.2.9, "MT 787 Guarantee/Standby Letter of Credit Amendment Response"

12.6.2.1 MT 760 (Guarantee / Standby Letter Of Credit)

Issues or requests the issue of a guarantee or Standby LC

Maximum Length: 10000

Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
27	Sequence of Total	1!n/1!n	M
22A	Purpose of Message	4!c	M
72Z	Sender to Receiver Information	6*35z	O

Mandatory Sequence B Undertaking Details

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
20	Undertaking Number	16x	M
30	Date of Issue	6!n	M
22D	Form of Undertaking	4!c	M
40C	Applicable Rules	4!a/[35x]	M
23B	Expiry Type	4!c	M
31B	Date of Expiry	6!n	O
35G	Expiry Condition/Event	12*65x	O
50	Applicant	4*35x	O
51	Obligor/Instructing Party	4*35x	O
52a	Issuer	A or D	M
59	Beneficiary	[/34x]4*35x	M
56a	Advising Bank	A or D	O
21A	Advising Bank Reference	16x	O
57a	Advise Through' Bank	A or D	O
32B	Undertaking Amount	3!a15d	M
39D	Additional Amount Information	12*65z	O
71D	Charges	6*35z	O
45C	Document and Presentation Instructions	100*65z	O
77U	Undertaking Terms and Condi­tions	150*65z	M
49	Confirmation Instructions	7!x	O
49a	Requested Confirmation Party	A or D	O
44H	Governing Law	2!a/[65x]	O
23F	Automatic Extension Period	4!a/[34x]	O
78	Automatic Extension Non-Extension Notification	12*65x	O
26E	Automatic Extension Notifica­tion Period	3n	O
31S	Automatic Extension Final Expiry Date	6!n	O
48B	Demand Indicator	4!c	O
48D	Transfer Indicator	4!c	O
45L	Underlying Transaction Details	50*65z	O
24E	Delivery of Original Undertaking	/4!c/[35x]	O
24G	Delivery to	/4!c/[6*35x]	O
23X	File Identification	/4!c/65x	O

Optional Sequence C Local Undertaking Details

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
31C	Requested Date of Issue	6!n	O
22D	Form of Undertaking	4!c	M
40C	Applicable Rules	4!a/[35x]	M
22K	Type of Undertaking	4!c/[35x]	O
23B	Expiry Type	4!c	M
31B	Date of Expiry	6!n	O
35G	Expiry Condition/Event	12*65x	O
50	Applicant	4*35x	M
51	Obligor/Instructing Party	4*35x	O
52a	Issuer	A or D	O
59	Beneficiary	[/34x]4*35x	M
32B	Undertaking Amount	3!a15d	M
39D	Additional Amount Information	12*65z	O
71D	Charges	6*35z	O
45C	Document and Presentation Instructions	100*65z	O
77L	Requested Local Undertaking Terms and Conditions	150*65z	O
22Y	Standard Wording Required	4!c	O
40D	Standard Wording Requested Language	2!a	O
44H	Governing Law	2!a/[65x]	O
23F	Automatic Extension Period	4!a/[34x]	O
78	Automatic Extension Non-Extension Notification	12*65x	O
26E	Automatic Extension Notifica­tion Period	3n	O
31S	Automatic Extension Final Expiry Date	6!n	O
48B	Demand Indicator	4!c	O
48D	Transfer Indicator	4!c	O
45L	Underlying Transaction Details	50*65z	M
24E	Delivery of Original Undertak­ing	4!c/[35x]	O
24G	Delivery To/Collection By	/4!c/[6*35x]	O

Note

• The ISPR (The guarantee is subject to International Standby Practices) additional type codes are allowed for field 40 C
• The URCG (The guarantee is subject to the ICC Uniform Rules for Demand Guar­antees) type codes are disallowed for field 40 C

12.6.2.2 MT 761 Issuance of Guarantee/ Standby Letters of Credit Extension

MT 761 message is sent in addition to MT 760 when information in the undertaking exceeds maximum message size of the MT 760. You can use up-to 8 MT 761 message to extend the available size.This message specifies the terms and conditions of the undertaking, and for a counter-undertaking, it specifies the requested terms and conditions of the local undertaking.

Field Tag	Field Name	Format	Mandatory/Optional
27	Sequence of Total	1!n/1!n	M
20	Undertaking Number	16x	M
52a	Issuer	A or D	M
77U	Undertaking Terms and Conditions	150*65z	O
77L	Requested Local Undertaking Terms and Conditions	150*65z	O

Note

Information conveyed in a designated field in the related MT 760 or any related MT 761 should not be repeated in fields 77U and 77L of this message. Information in this message should not conflict with any information that is conveyed in the related MT 760 or any re­lated MT 761.

12.6.2.3 MT 767 Guarantee / Standby Letter of Credit Amendment

This message is sent by a bank which has issued a guarantee to the bank to which the guarantee was issued. It may also be sent by a bank which has requested the issuance of a guarantee to the bank to which the request for a guarantee was sent.

It is used to amend or request the amendment of the guarantee.

Note

This message may also be used for Standby Letters of Credit.

Maximum Length: 10000

Format Specifications

Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
15A	New Sequence	Empty field	M
27	Sequence of Total	1!n/1!n	M
22A	Purpose of Message	4!c	M
23S	Cancellation Request	6!a	O
72Z	Sender to Receiver Information	6*35z	O

Mandatory Sequence B Undertaking Details

Field Tag	Field Name	Format	Mandatory/Optional
15B	New Sequence	Empty field	M
20	Undertaking Number	16x	M
26E	Number of Amendment	3n	M
30	Date of Amendment	6!n	M
52a	Issuer	A or D	M
30A	Termination Effective Date	6!n	O
32B	Increase of Undertaking Amount	3!a15d	O
33B	Decrease of Undertaking Amount	3!a15d	O
23B	New Expiry Type	4!c	O
31E	New Date of Expiry	6!n	O
35L	New Expiry Condition/Event	12*65x	O
59	New Beneficiary	[/34x] -- Account 4*35x -- Name and Address	O
45C	Document and Presentation Instructions	100*65z	O
77U	Undertaking Terms and Conditions	150*65z	O
23X	File Identification	/4!c/65x	O

Optional Sequence C Local Undertaking Details

Field Tag	Field Name	Format	Mandatory/Optional
15C	New Sequence	Empty field	M
32B	Increase of Local Undertak­ing Amount	3!a15d	O
33B	Decrease of Local Under­taking Amount	3!a15d	O
23B	New Expiry Type	4!c	O
31E	New Date of Expiry	6!n	O
35L	New Expiry Condition/Event	12*65x	O
59	New Beneficiary	[/34x] 4*35x	O
45C	Document and Presenta­tion Instructions	100*65z	O
77L	Local Undertaking Terms And Conditions	150*65z	O

12.6.2.4 MT 775 Guarantee/Standby Letters of Credit Amendment Extension Message

MT 775 is sent in addition to MT767 if the information in undertaking exceeds maximum message size of MT 767. You can use up-to 8 MT 775 messages to extend the available size of MT 767. This message specifies the terms and conditions of the undertaking and for a counter undertaking it specifies the requested terms and conditions of the local undertaking.

Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
27	Sequence of Total	1!n/1!n	M
20	Undertaking Number	16x	M
26E	Number of Amendment	3n	M
52a	Issuer	A or D	M
77U	Undertaking Terms and Con­ditions	150*65z	O
77L	Requested Local Undertak­ing Terms and Conditions	150*65z	O

Note

Information conveyed in a designated field in the message should not be repeated or in conflict with the terms and conditions specified in field 77U or with the requested local un­dertaking terms and conditions specified in field 77L, in either the MT 767 or MT 775.

12.6.2.5 MT 765 - Guarantee/Standby Letter of Credit Demand

This message is sent by a party (as the beneficiary or on behalf of the beneficiary) to a party which has issued an undertaking (guarantee, demand guarantee, standby letter of credit or dependent undertaking), either directly or through a third party.

It is used to demand payment under an undertaking and may include a request to extend the expiry date.The demand itself must be specified as narrative text within the message. It may indicate availability of supporting documentation in addition to the demand.

Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Undertaking Number	16x	M
21	Beneficiary Reference Number	16x	O
23	Third Party Reference Number	16x	O
52a	Issuer	A or D	M
59	Beneficiary	[/34x] 4*35x	O
30A	Date of Demand	6!n	O
21M	Demand Type	4!c	M
32B	Demand Amount	3!a15d	M
78	Additional Amount Information	12*65x	O
49A	Demand Statement	/4!c/ [50*65z]	O
77	Presentation Completion Details	20*35z	O
31J	Requested New Date of Expiry	6!n	O
56a	Intermediary	A, B, or D	O
57a	Account With Institution	A, B, or D	O
72Z	Sender to Receiver Information	6*35z	O
23X	File Identification	/4!c/65x	O

12.6.2.6 MT 768 Acknowledgement of a Guarantee / Standby Message

This message type is sent by a bank which has received a guarantee to the bank which issued the guarantee or an amendment thereto. It may also be sent by a bank which has been requested to issue a guarantee to the bank which requested the guarantee or an amendment thereto.

It is used to acknowledge receipt of any message relating to a guarantee and, where applicable, to indicate that action has been taken according to the instructions. This message may also be used for Standby Letters of Credit.

The Sender's charges may also be accounted for in this message.

Maximum Length: 2000

Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Number	16x	M
21	Related Reference	16x	M
23X	File Identification	4!c/65x	O
25	Account Identification	35x	O
30	Date of Message Being Acknowledged	6!n	M
32a	Amount of Charges	B or D	O
57a	Account With Bank	A, B, or D	O
71D	Details of Charges	6*35z	O
72Z	Sender to Receiver Information	6*35z	O

12.6.2.7 MT 769 Advice of Reduce/Release of Guarantee/Standby

The Advice of Guarantee / Standby LC Reduction or Release message is sent by a bank which has received a guarantee to the bank which has issued the guarantee. It may also be sent by a bank which has been requested to issue a guarantee to the bank which requested the issuance of the guarantee.

This message is also used for Standby Letters of Credit. It is used to advise the Receiver that it has been released of all liability for the amount specified.The Sender's charges is also accounted for this message.

Maximum Length: 10000

Format Specifications

Field Tag	Field Name	Format	Optional/Mandatory
20	Transaction Reference Num­ber	16x	M
21	Related Reference	16x	M
23X	File Identification	4!c/65x	O
25	Account Identification	35x	O
30	Date of Reduction or Release	6!n	O
32a	Amount of Charges	B or D	O
33B	Amount Reduced or Released	3!a15d	O
34B	Amount Outstanding	3!a15d	O
39C	Amount Specification	4*35x	O
57a	Account With Bank	A, B, or D	O
71D	Details of Charges	6*35z	O
72Z	Sender to Receiver Informa­tion	6*35z	O

STP for MT 769

It is required to process the request for release/reduction of Guarantee/SBLC message received by the Issuing bank from the advising bank.

MT798 for the reduction/release of the guarantee/SBLC (MT766) is triggered which is sent to the applicant.

12.6.2.8 MT 786 Guarantee/Standby Letter of Credit Demand Refusal

MT 786 is sent by party that issued the undertaking (guarantee, demand guarantee, standby letter of credit or dependent undertaking) to a bank as the beneficiary or to the presenter of the demand, either directly or through a third party. It is used by the party obligated on the undertaking and to whom a demand for payment has been made, to notify the beneficiary that the demand has been refused.

Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Undertaking Number	16x	M
21	Beneficiary Reference Number	16x	O
23	Third Party Reference Number	16x	O
52a	Issuer	A or D	M
30	Demand Submission Date	6!n	M
32B	Demand Amount	3!a15d	M
77J	Reason for Refusal	70*50z	M
77B	Disposal of Documents	3*35x	O
72Z	Sender to Receiver Information	6*35z	O
23X	File Identification	/4!c/65x	O

12.6.2.9 MT 787 Guarantee/Standby Letter of Credit Amendment Response

MT 787 is sent by the beneficiary when the beneficiary is a financial institution and by a nominated advising party that advised the undertaking amendment to the beneficiary or advised the undertaking amendment to another advising party. It is sent to the bank that issued the undertaking amendment (guarantee, demand guarantee, standby letter of credit or dependent undertaking), either directly or through one or more advising parties, to indicate acceptance or rejection by the beneficiary of the amendment.

Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Undertaking Number	16x	M
21	Beneficiary Reference Number	16x	O
52a	Issuer	A or D	M
26E	Number of Amendment	3n	M
23R	Amendment Status	/4!c/ [6*35x]	M
72Z	Sender to Receiver Information	6*35z	O
23X	File Identification	/4!c/65x	O

12.7 Cash Management and Customer Status

This section contains the following topics:

• Section 12.7.1, "MT 900 Confirmation of Debit"
• Section 12.7.2, "MT 910 Confirmation of Credit"
• Section 12.7.3, "MT 920 Request Message"
• Section 12.7.4, "MT 940 Customer Statement Message"
• Section 12.7.5, "MT 950 Statement Message"

12.7.1 MT 900 Confirmation of Debit

This message type is sent by an account servicing institution to an account owner.

It is used to notify the account owner of an entry which has been debited to its account. The entry will be further confirmed by statement.

Maximum Length: 2000

12.7.1.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Number	16x	M
21	Related Reference	16x	M
25	Account Identification	35x	M
13D	Date/Time Indication	6!n4!n1!x4!n	O
32A	Value Date, Currency Code, Amount	6!n3!a15d	M
52a	Ordering Institution	A or D	O
72	Sender to Receiver Information	6*35x	O

12.7.2 MT 910 Confirmation of Credit

This message is sent by an account servicing institution to an account owner.

It is used to notify the account owner of an entry which has been credited to its account. The entry will be further confirmed by statement.

Maximum Length: 2000

12.7.2.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Number	16x	M
21	Related Reference	16x	M
25	Account Identification	35x	M
13D	Date/Time Indication	6!n4!n1!x4!n	O
32A	Value Date, Currency Code, Amount	6!n3!a15d	M
50a	Ordering Customer	A, F, or K	O
52a	Ordering Institution	A or D	O
56a	Intermediary	A or D	O
72	Sender to Receiver Information	6*35x	O

12.7.3 MT 920 Request Message

An account owner or a party acting on the account owner’s behalf to one of the account owner’s account servicing institutions sends this message. It is used to request the account servicing institution to transmit one or more reports (for example, a statement) containing the requested information for the account(s) identified in the message

Maximum Length: 2000

12.7.3.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Number	16x	M
12	Message Requested	3!n	M
25	Account Identification	35x	M
34F	Floor Limit Indicator	3!a[1a]15d	O

12.7.4 MT 940 Customer Statement Message

This message type is sent by an account servicing institution (reporting institution) to a financial institution (concentrating institution) which has been authorized by the account owner to receive it.

It is used to transmit detailed information about all entries booked to the account.

Maximum Length: 2000

12.7.4.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Num­ber	16x	M
21	Related Reference	16x	O
25	Account Identification	35x	M
28C	Statement Number/Sequence Number	5n[/5n]	M
60a	Opening Balance	F or M	M
61	Statement Line	6!n[4!n]2a[1!a]15d1!a3!c16x[//16x] [34x]	O
86	Information to Account Owner	6*65x	O
62a	Closing Balance (Booked Funds)	F or M	M
64	Closing Available Balance (Available Funds)	1!a6!n3!a15d	O
65	Forward Available Balance	1!a6!n3!a15d	O
86	Information to Account Owner	6*65x	O

The outgoing MT940/MT942 message also contains the information of SEPA credit transfer & SEPA direct Debit.

The SEPA data set is added in MT940/MT942 when the message is:

• sent by the bank to the creditor (in case of an Incoming SEPA Credit Transfer)
• sent by the bank to the debtor (in case of an Incoming SEPA Direct Debit)

PC module defines the set of fields to appear Field 86 in the account statement message – MT 940/MT 942.

For SEPA Credit Transfer

Status	Tag	Field Name	Description
Optional	86	Information to Account Owner	Include SEPA data set for SEPA Credit Trans­fer

• Field 86 will consists of 6 lines each containing 65 alphanumeric characters(6*65x)
• Line 1 will contain data of following elements

Elements	Related Field in PC Transaction	Comments /Validation
Originator's reference of the Credit Transfer Transaction (End-to-End ID)	Customer Refer­ence	Code /EREF/ to be used fol­lowed by max 35 text of the End-to-End ID.
The name of the Originator	CounterParty Name	Code /ORDP/ (=ordering party) to be used followed by /NAME/max 70 text, followed by /ID/max 35 text
The Origina­tor identifica­tion code	CounterParty Iden­tification Value

• Line 2 will contain data of following elements.

  Elements	Related Field in PC Transaction	Comments
  The Remittance Information	Fixed value	Code /REMI/ to be used followed by the content of unstructured or struc­tured Remittance info. Tags 'unstructured' or 'structured' should not be included after /REMI/.
  Unstructured	It's a concatena­tion of the col­umns Payment Details 1, Pay­ment Details 2, Payment Details 3. Payment Details 4
  Structured	It's a concatena­tion of the col­umns Payment Details 1, Pay­ment Details 2, Payment Details 3. Payment Details 4	In case of structured the opening tags of sub-elements of structured remittance info to be included. Replace <> by / to separate different sub-elements.

• Line 3 will contain data of following elements

Elements	Related Field in PC Transaction	Comments
The Settlement Date of the credit transfer (Interbank Settlement Date)	CounterParty Entry Value Date	Its optional tag. Code /ISDT/ to be used fol­lowed by date: YYYY-MM-DD

• Line 4 will contain data of following elements

  Elements	Related Field in PC Transaction	Comments
  The Name of the Origi­nator Reference Party (Ultimate Debtor Name)	Ultimate Debtor Name	Code /ULTD/ to be used followed by /NAME/ and/or /ID
  The Identification code of the Originator Refer­ence Party( Ultimate Debtor Id)	Ultimate Debtor Id value

• Line 5 will contain data of following elements

  Elements	Related Field in PC Transaction	Comments
  The name of the Bene­ficiary Reference Party (Ultimate Creditor Name)	Creditor Reference Party	Code /ULTB/to be used followed by /NAME/ and/or /ID/
  The identification code of the Beneficiary Reference Party (Ulti­mate Creditor ID)	Counter party Identifi­cation Value

• Line 6 will contain data of following elements

  Elements	Related Field in PC Transaction	Comments
  The purpose of the credit transfer	Purpose Value	Code /PURP/ to be used followed by pur­pose content.

For SEPA Direct Debt

Status	Tag	Field Name	Description
Optional	86	Information to Account Owner	Include SEPA data set for SEPA Direct Debt

• Field 86 will consists of 6 lines each containing 65 alphanumeric characters(6*65x)
• Line 1 will contain data of following elements

  Elements	Related Field in PC Transaction	Comments
  Unique Mandate Reference (Mandate Id)	Agreement Id	Code /MARF/ to be used followed by text of the Mandate Id
  Identification code of the Scheme (Service label code)	Service Level Code	Code /SVCL/to be used followed by text

• Line 2 will contain data of following elements

  Elements	Related Field in PC Transaction	Comments
  The name of the Credi­tor	Counter Party Name	Code /BENM/ to be used followed by /NAME/max 70 text.

• Line 3 will contain data of following elements

  Elements	Related Field in PC Transaction	Comments
  The Remittance Information	Fixed value	Code /REMI/ to be used followed by the content of unstructured or structured Remit­tance info. Tags 'unstructured' or 'structured' should not be included after /REMI/.
  Unstructured	Concatenation of the column Payment Details 1, Payment Details 2, Payment Details 3. Payment Details 4
  Structured	Concatenation of the column Payment Details 1, Payment Details 2, Payment Details 3. Payment Details 4	In case of structured the opening tags of sub-elements of struc­tured remittance info to be included. Replace <> by / to separate dif­ferent sub-elements

• Line 4 will contain data of following elements

  Elements	Related Field in PC Transaction	Comments
  Identifier of the creditor	Counterparty Identifica­tion Value	Code /CSID/ to be used followed by max 35 Id.

12.7.5 MT 950 Statement Message

This message type is sent by an account servicing institution to an account owner. It is used to transmit detailed information about all entries, whether or not caused by a SWIFT message, booked to the account.

Maximum Length: 2000

12.7.5.1 Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Reference Number	16x	M
25	Account Identification	35x	M
28C	Statement Number/Sequence Number	5n[/5n]	M
60a	Opening Balance	F or M	M
61	Statement Line	6!n[4!n]2a[1!a]15d1!a3!c16x[//16x] [34x]	O
62a	Closing Balance (Booked Funds)	F or M	M
64	Closing Available Bal­ance (Available Funds)	1!a6!n3!a15d	O

12.8 Common Group Messages

This section contains the following topics:

• Section 12.8.1, "MTn92 Request for Cancellation"
• Section 12.8.2, "MTn96 Answers"
• Section 12.8.3, "MTn98 Proprietary Message"

12.8.1 MTn92 Request for Cancellation

This message is sent by a financial institution to request a second financial institution to consider cancellation of the SWIFT message identified in the request. This is also sent by a corporate customer to request a financial institution to consider cancellation of the SWIFT message identified in the request.

If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, that is, reversal, with the beneficiary's consent.

Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Refer­ence Number	16x	M
21	Related Reference	16x	M
11S	MT and Date of the Original Message	3!n 6!n [4!n6!n]	M
79	Narrative Descrip­tion of the Original Message	(/4!a)(35*50x)	O

12.8.2 MTn96 Answers

This message type is:

• sent by one financial institution to another financial institution
• sent by a corporate customer to a financial institution
• sent by a financial institution to a corporate customer

It is used to respond to an MT n95 Queries or MT n92 Request for Cancellation and other messages where no specific message type has been provided for the response. This message should use the same category digit as the related queries message or request for cancellation.

Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Refer­ence Number	16x	M
21	Related Reference	16x	M
76	Answers	6*35x	M
77A	Narrative	20*35x	O
11a	MT and Date of the Original Message	R or S	O
79	Narrative Descrip­tion of the Original Message to Which the Answer Relates	35*50x	O

12.8.3 MTn98 Proprietary Message

This message type is used by financial institutions, with their own offices, with other financial institutions and/or with corporate customers with which they have established bilateral agreements.

It is used as an envelope for a specified message included in it. It allows for the definition of a unique format for which another message type is not available or applicable.

Note

This message may only be sent and received after prior arrangements between the Send­er and the Receiver.

Format Specifications

Field Tag	Field Name	Format	Mandatory/Optional
20	Transaction Refer­ence Number	16x	M
12	Sub-Message Type	3!n	M
77E	Proprietary Mes­sage	73z [n*78z]	M

12.9 SWIFT ACK/NAK Notifications

This section contains the following topics:

• Section 12.9.1, "MT 012 (ACK Status Acknowledgement)"
• Section 12.9.2, "MT 019 (NAK Status Acknowledgement)"

12.9.1 MT 012 (ACK Status Acknowledgement)

In PC contract online is provided with ACK Status having values -

• P - Pending
• A – ACK
• N - NAK

After message dispatch, the ACK status is updated to ‘Pending’. Subsequently during processing of MT012 status changed to ‘ACK’ ad ‘ACK Status’ is updated in Transaction online and Transaction Summary screen also.

Incoming Swift Upload process support MT012 would contain either

• Reference number PC Contract
• DCN of the outgoing message that was generated

Reference number present in field 108 of MT012 is searched first in PC Contract and upon receiving MT012, the ACK_STATUS of the record is marked to ACK. In case of the record not getting updated in the Contract Master, the message table is queried for DCN in field 108 to obtain the reference no. of the corresponding PC Contract and the ACK_STATUS is marked as ACK.

12.9.2 MT 019 (NAK Status Acknowledgement)

After message dispatch, the ACK status is NAK during processing of MT019 changing the status to ‘NAK’. Subsequently ‘NAK Status’ is updated in Transaction online and Transaction Summary screen also.

Incoming Swift Upload process support MT019 would contain either

• Reference number PC Contract
• DCN of the outgoing message that was generated

Reference number present in the field of MT019 is searched first in PC Contract and upon receiving MT019; the NAK_STATUS of the record is marked to NAK. In case of the record not getting updated in the Contract Master, the message table is queried for DCN in the field to obtain the reference no. of the corresponding PC Contract and the NAK_STATUS is marked as NAK.

Given below are some examples of the SWIFT messages discussed above.

Example I – Customer Transfer

Ms. Tanya Agnihotri, a customer of your bank (Bank Austria Vienna) instructs you to transfer Dutch Guilders 100,000 to the account of Ms. Tina Shenoy with Citibank, Mumbai, for her birthday.

Message Details	Format	Explanation
Sender	BKAUATWWA	The BIC Code assigned to Bank Austria, Vienna
Message Type	103
Receiver	CITIBKINMU0	The BIC Code assigned to Citibank, Mumbai.
Message Text
Sender Reference	:20:494931/DEV
Bank Operation Code	:23b:CRED
Value date/ Currency/ Interbank set­tled amount	: 32A:020426NLG100000,	Field 32 A of SWIFT
Ordering Customer	:50K:Tanya Agnihotri	Field 50 K of SWIFT
Sender’s Correspondent	:53B:CITIBK­USNY1	Field 53 B of SWIFT. The correspondent bank is Citibank, New York
Ultimate Beneficiary	:59:Tina She­noy	Field 59 of SWIFT
Details of Payment	:70: Birthday Gift	Field 70 of SWIFT

Example II - Payment Order — MT 202

Message Details	Format	Explanation
Sender	BKAUATWWA
Message Type	202
Receiver	CITIBKUSNYX
Message Text
Transaction Reference Number	:20:203998988
Related Reference	:21:494931/DEV	Field 20 of MT 103
Value date/ Currency code/ Amount	:32A:020426NLG100000,
Beneficiary Institution	:58:CITIBKINMU0	Field 57a of SWIFT The bank is Citibank Mum­bai.
End of message text/trailer

Example III - MT 200

You, (Bank Austria, Vienna) order Citibank, NY to transfer NLG 1 Million from your Nostro account with them, to your Nostro account with HDFC bank, Mumbai.

An Intermediary can be involved in this transfer, if Citibank, NY, requests Citibank, Mumbai, to transfer the funds to HDFC, Mumbai. In this case Citibank, Mumbai will be the Intermediary.

Example IV - MT 202

In the example for MT 200, if you involve an Intermediary (field 56a of SWIFT ) then a cover MT 202 will be sent to Citibank, Mumbai.

Example V - Notice to Receive (MT 210)

As a result of a Foreign Exchange deal with HDFC, Mumbai, you at Bank Austria, Vienna, are expecting to receive 1 Million USD to be credited to your account with Citibank, NY.

Notice To Receive: MT210

Field In Oracle FLEXCUBE	Corresponding Field in SWIFT	Entry
Ordering Institution	Field 52a of SWIFT	HDFC, Mumbai
Sender		Bank Austria, Vienna
Intermediary	Field 56a of SWIFT	Citibank, Mumbai
Details of Payment	Field 70 of SWIFT	A message that you want to send.

The Notice to Receive MT 210 will be sent from Bank Austria, Vienna, to Citibank, New York.

Example VI - Debit Advice (MT 900)

An MT 900 is a debit advice. It is sent by the Account Servicing institution to notify an account owner of an entry that has been debited to its account.

Bank Austria, Vienna asks Citibank, NY, to pay Citibank, Mumbai by debiting Bank Austria’s account with Citibank, New York.

An MT 900 is sent by Citibank, NY, after it pays Citibank, Mumbai and debits Bank Austria’s account with it.