1. Messaging System User Guide
  2. Processing SWIFT Messages
  3. Guarantees and Standby Letter of Credit
  4. SWIFT 2018 Changes
  5. MT 784/760 - Application for Issuance of Standby Letter of Credit (SBLC)

12.4.1.7 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.
Field Tag Field Name Format Mandatory /Optional
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
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) 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

Parent topic: SWIFT 2018 Changes