12.4.1.11 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.
MT 798<712> - Claim for payment under Guarantee / Standby Letter of Credit Section 1 - MT 798 Structure
| Field Tag | Field Name | Format | Mandatory/ Optional |
|---|---|---|---|
| 20 | Transaction Reference Number | 16x | M |
| 12 | Sub-Message Type | 3!n | M |
| 77E | Proprietary Message | 73z (Text) [n*78z (Text) | M |
| Field Tag | Field Name | Format | Mandatory/ Optional |
|---|---|---|---|
| 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] |
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) |
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 |
Parent topic: SWIFT 2018 Changes