1. Letter of Credit User Guide
  2. Automatic Processes
  3. Branch Parameters Details
  4. Straight through Processing of SWIFT Messages

12.1.18 Straight through Processing of SWIFT Messages

Oracle Banking Trade Finance supports Straight through Processing (STP) of the following messages:
  • MT710
  • MT707
  • MT730
  • MT740
  • MT742
  • MT768
As part of STP processing, for some of the messages, Generated Reference Number needs to be updated in the Incoming message data source with Contract Reference Number. They are:
  • MT742 Reimbursement Claim
  • MT754 Advice of Payment/Acceptance/Negotiation
  • MT700 Issue of a Documentary Credit
  • MT710 Documentary Credit
  • MT740 Authorization to Reimburse
  • MT747 Amendment to an Authorization to reimburse
  • MT707 Amendment to documentary credit
  • MT705 Pre-Advice

For MT202 the value in tag 21 is updated as Generated reference Number.

If during liquidation, the Payment message is identified as initiated for Third Party Charges (It may be ATB / ABK or ISB) then system would check the for Customer Reference provided under the respective party details. If it is found then field 21 of the related MT202 would be populated with the respective Customer Ref number captured in the parties screen.

The Generated Reference Number is not updated automatically for the following messages:
  • MT400 Advice of Payment
  • MT410 Acknowledgment
  • MT430 Amendment For Instructions
  • MT730Acknowledgment Message
  • MT768 Acknowledgment for guarantee amendment

Note:

If the above messages are processed successfully, then the processed contract reference number is updated as Generated Reference Number.

Parent topic: Branch Parameters Details