12.4.2.26 MT729/786 – Demand refusal Advice under Guarantee / SBLC
The Demand refusal advice under Guarantee / Standby LC message is sent to the corporate (Beneficiary) by its bank (Advising Bank) as advice of refusal to, a demand for payment under a Guarantee or Standby and comprises two MT 798 messages. It is used to notify the beneficiary that the demand on Guarantee / Standby LC has been refused.
Format Specifications
| 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 |
| 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 |
| 21S |
Bank Business Reference |
16x | M |
| 21A | Customer Reference Number | 16x | O |
| 21T | Customer Business Reference | 16x | O |
| 31C | Date of Issue |
6!n (Date) |
M |
| 13E |
Message Creation Date Time |
8!n4!n (Date)(Time) |
M |
| 29B |
Issuing/Guarantor Bank Contact |
4*35x (Narrative) |
O |
| 58a | Advising Bank |
A [/1!a][/ 34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/ 34x] (Party Identifier) 4*35x (Name & Address) |
O |
| 29D |
Advising Bank Contact |
4*35x (Narrative) | O |
| 50 | Applicant |
4*35x (Name & Address) |
O |
| 78B | Instructions from the Bank | 50*65z (Narrative) | O |
| 72Z |
Bank to Corporate Information |
6*35z (Narra- tive) |
O |
| 23X | File Identification |
4!c/65x (Code))(File Name or Reference |
O |
| 29S | Customer Identifier |
4!c/35x (Code)(Party Identifier) |
O |
| 29P |
Processing Bank Identifier |
4!a2!a2!c[3!c] (Identifier Code) |
O |
| 29U |
Lead Bank Identifier |
4!a2!a2!c[3!c] (Identifier Code) |
O |
| Field Tag | Field Name | Format | Optional/ Mandatory |
|---|---|---|---|
| Section 1 - MT 798 Structure | |||
| 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 786 | |||
| 27A |
Message Index/ Total |
1!n/1!n (Message Index)/(Total) |
M |
| 21P |
Bank Reference Number |
16x | M |
| MT 786 Message | M | ||
| 20 | Undertaking Number | 16x | M |
| 21 | Beneficiary Reference Number | 16x | O |
| 52a | Issuer |
A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) D [/1!a][/34x] (Party Identifier) 4*35x (Name & Address) |
M |
| 30 | Demand Submission Date |
6!n (Date) |
M |
| 32B | Demand Amount |
3!a15d (Currency)(Amount) |
M |
| 77J | Reason for Refusal | 70*50z (Narrative) | M |
| 77B | Disposal of Documents | 3*35x (Narrative) | O |
| 72Z |
Sender to Receiver Information |
6*35z (Narrative) |
O |
| 23X | File Identification |
4!c/65x (Code)(File Name or Reference) |
O |
Parent topic: SWIFT 2023 Changes