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📦 SWIFT MT-798 – Structured Bank-to-Corporate Messaging

📦 SWIFT MT-798 – Structured Bank-to-Corporate Messaging

US Capital Private Bank Knowledge Base

MT-798 is a multi-purpose message container used for corporate-to-bank and bank-to-corporate communication in structured trade finance operations. It supports documentary credits, guarantees, collections, and standby letters of credit — all in a secure, standardized digital format.

📘 What is SWIFT MT-798?

MT-798 is part of the Trade for Corporates suite, designed to consolidate and structure messages between corporates and their financial institutions.

It acts as a wrapper message, containing embedded structured formats like:

  • MT-700 (Letter of Credit)

  • MT-760 (Guarantee or SBLC)

  • MT-767 (Amendment to Guarantee)

  • MT-799 (Free Format Advice)

  • MT-199 (General Info)

🎯 Key Features of MT-798

Feature Benefit
🔒 Secure Fully encrypted SWIFT-based messaging between corporates and banks
🧾 Structured Supports embedded MT formats for LCs, guarantees, and collections
🔁 Multi-bank Allows corporates to communicate with multiple banks via a single interface
📦 Modular Supports multiple trade instruments inside a unified container
📤 Paperless Enables digital submission and response for trade finance instruments

🧾 Sample MT-798 Message (With Embedded MT-700)

swift
CopyEdit
{1:F01USCPBANKXXXX0000000000} {2:I798BANKGB22XXXXN} {4: :20:REF798USCPB001 :12:MT700 :77E: :27:1 :40A:IRREVOCABLE :20:LC12345678 :31C:250715 :40E:AVAILABLE WITH ANY BANK BY PAYMENT :50:US CAPITAL PRIVATE BANK CLIENT NAME :59:BENEFICIARY COMPANY NAME :32B:USD500000, :41D:ANY BANK IN [COUNTRY] :42C:60 DAYS FROM B/L :44C:250815 :45A:GOODS – INDUSTRIAL EQUIPMENT :46A:DOCS – COMMERCIAL INVOICE, PACKING LIST, INSURANCE CERTIFICATE :47A:NO PARTIAL SHIPMENTS :71B:ALL BANK CHARGES OUTSIDE ISSUING BANK COUNTRY FOR BENEFICIARY }

🏢 Who Uses MT-798?

  • ✅ Large Corporates managing multiple LCs or Guarantees

  • ✅ Trade Platforms for automating documentary credits

  • ✅ Banks offering centralized trade solutions

  • ✅ ERP Systems integrated with SWIFT Alliance Lite2 or Alliance Access

🧠 Use Cases for MT-798

Use Case Description
📑 Issue or amend LCs Digitally transmit MT-700 or MT-707 within an MT-798
🛡️ Request guarantees Issue embedded MT-760 inside MT-798
🔄 Amend guarantees Use MT-767 embedded format
📬 Send pre-advice or confirmations Wrap MT-799 or MT-199 for status updates
📊 Automated tracking Integrate with trade platforms for real-time updates

⚙️ Technical Breakdown

Field Description
:20: Unique transaction reference
:12: Embedded message type (e.g., MT700, MT760)
:77E: Embedded message content
:27:–:71B: Fields from the embedded SWIFT format (like MT-700 or MT-760)

🔐 Compliance and Security

  • Encrypted via the SWIFT network

  • Complies with ICC Uniform Customs and Practice (UCP 600) and ISP98

  • Reduces fraud risk via structured transmission and traceable audit logs

🧭 MT-798 vs Traditional SWIFT Messages

MT Format Purpose Difference
MT-700 Letter of Credit Standalone LC issuance
MT-760 Guarantee or SBLC Standalone issuance
MT-798 Container for structured messaging Wraps other messages and adds bank-corporate features

🔄 Common Embedded Message Types

Embedded Type Function
MT700 Issue Letter of Credit
MT707 Amendment to LC
MT760 Issue Guarantee/SBLC
MT767 Amend Guarantee
MT799 Free-format communication
MT759 Acknowledgement of Guarantee

📞 Contact Trade Desk

For assistance with SWIFT MT-798 submissions, integrations, or documentation support:

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