12.1.29 STP of MT786 – Guarantees/SBLCs
SWIFT MT786 can be uploaded into Oracle Banking Trade Finance through STP. STP processing of MT786 initiates Claim Rejection. Multiple claims can be lodged for a Guarantee. Beneficiary Reference Number, Claim Date, Claim amount should be considered to identify the claim to be rejected. Settled and Rejected claims should not be considered.
Table 12-26 SWIFT tags in MT786 and the fields in the LC Contract
| Status | Tag Value | Description | Oracle Banking Trade Finance field value |
|---|---|---|---|
| M | 20 | Undertaking Number | No Impact |
| O | 21 | Beneficiary Reference Number | Tag considered to identify the claim. Hence Tag 21 to be available in the message. |
| M | 52a | Issuer | No Impact |
| M | 30 | Demand Submission Date | Tag considered to identify the claim |
| M | 32B | Demand Amount | Tag considered to identify the claim |
| M | 77J | Reason for Refusal | Uploaded against FFT code 77JREFREASON |
| O | 77B | Disposal of Documents | Uploaded against FFT code 77BDISPDOCS |
| O | 72Z | Sender to Receiver Information | Uploaded against FFT code SND2RECMT786 |
| O | 23X | File Identification | Uploaded against FFT code 23XFILEIDENT |
Parent topic: Branch Parameters Details