12.4.2.10 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 | Mandatory/ Optional |
|---|---|---|---|
| 20 | Transaction Reference Number | 16x | M |
| 21 | Related Reference | 16x | M |
| 25 | Account Identification | 35x | M |
| 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 |
| 23X | File Identification | 4!c/65x | O |
Parent topic: SWIFT 2023 Changes