12.4.2.23 MT 779/765 Notification of demand for payment of Guarantee / Standby Letter of Credit – B2C
The Notification of demand for Payment of Guarantee is sent to a corporate (Applicant/Accountee) by their bank and comprises one MT 798 message.
This message is used by the bank to notify the corporate that the bank has received a claim for payment under a specified Guarantee / Standby LC.
Format Specifications
Section 2 – Field 77E Structure
MT 798<779> - Notification of demand for payment of Guarantee / Standby Letter of Credit index
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 |
| 21T | Customer Business Reference | 16x | O |
| 21P | Bank Reference Number | 16x | M |
| 21S | Bank Business Reference | 16x | M |
| 20 | Undertaking Number | 16x | M |
| 13E | Message Creation Date Time | 8!n4!n (Date)(Time) | M |
| 31C | Date of Claim for Payment | 6!n (Date) | M |
| 39D | Amount Claimed | 3!a15d (Currency)( Amount) | M |
| 49J | Text of Claim for Payment | 50*65x (Narrative) | O |
| 78B | Instructions from the Bank | 50*65x (Narrative) | O |
| 29B | Bank Contact | 4*35x (Narrative) | O |
| 72C | Corporate to Bank Information | 6*35x (Narrative) | O |
| 23X | File Identification | 4!c/65x (Code)(Narrative) | O |
| 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 |
MT 798<765> - Notification of Demand for payment of Guarantee / Letter of Credit Demand Details
Section 1 - MT 798 Structure
| Field Tag | Field Name | Format | Optional/ Mandatory |
|---|---|---|---|
| 20 | Transaction Reference Number | 16x | M |
| 12 | Sub-Message Type | 3!n | M |
| 77E | Proprietary Message |
73z (Text) [n*78z] (Text) |
M |
Section 2 – Field 77E Structure [MT 765]
| Field Tag | Field Name | Format | Optional/ Mandatory |
|---|---|---|---|
| 27A | Message Index/ Total |
1!n/1!n (Message Index)/ (Total) |
M |
| 21P | Bank Reference Number | 16x | M |
| MT 765 Message | O |
Parent topic: SWIFT 2023 Changes