12.4.2.12 MT 786 Guarantee/Standby Letter of Credit Demand Refusal
MT 786 is sent by party that issued the undertaking (guarantee, demand guarantee, standby letter of credit or dependent undertaking) to a bank as the beneficiary or to the presenter of the demand, either directly or through a third party. It is used by the party obligated on the undertaking and to whom a demand for payment has been made, to notify the beneficiary that the demand has been refused.
Length validations, format validations and character validations supported for below FFTs.
FFT Code |
---|
SND2RECMT786 |
23XFILEIDENT |
77BDISPDOCS |
77JREFREASON |
Parent topic: SWIFT 2023 Changes