1. Letter of Credit User Guide
  2. Annexure C - SWIFT Category 7 Messages
  3. List of SWIFT Messages

16.1 List of SWIFT Messages

The following messages are supported in the LC module.

Table 16-1 SWIFT Messages

Message Event Message Type in Oracle Banking Trade Finance Message Description Generated On Message Information
MT 700 BISS, REIN, REIS, AMND, ROPN LC_INSTR UMENT L/C Instrument On opening Import LC

It is used to indicate the terms and conditions of a documentary credit which has been originated by the Sender (issuing bank).
This message is sent by the issuing bank to the advising bank.
e.g Tag 78 = 'INSTRUCTION%' 72Z = 'SND2RECMT700'

MT 701 BISS, REIN, REIS, AMND, ROPN LC_INSTR UMENT L/C Instrument - Continuation On opening Import LC Continuation of an MT 700 for fields 45a, 46a and 47a. This message is sent by the issuing bank to the advising bank.
MT 705 BISS, REIS LC_PRE_A DVICE L/C Pre-Advice On opening Import LC

It is a brief advice of a documentary credit, the full details of which will follow.
The pre-advice is not an operative credit instrument. Unless otherwise stated, the issuing bank must forward the operative credit instrument, that is, MT 700 Issue of a Documentary credit, without delay.
This message is sent by the issuing bank to the advising bank.
e.g

  • Tag 72z = 'SND2RECMT705’
  • Tag 79z = 'NARRATIVE’
MT 707 AMND, REIN, AMND LC_AMND_ INSTR LC Amendment Instrument Import LC Amendment

It is used to inform the Receiver about amendments to the terms and conditions of a documentary credit issued by the Sender or by a third bank.
The amendment is to be considered as part of the documentary credit, unless the MT 707 is used to convey only brief details of the amendment, details of which are to follow.
This message is sent by the issuing bank to the advising bank. It may also be sent by an advising bank to another advising bank or by a transferring bank to an advising bank.
e.g

  • Tag 78 = 'INSTRUCTION%'
  • Tag 72Z = 'SND2RECMT707'
MT 710 BADV, BANC ADV_THIR D_BANK Advice of a Third Bank's Documentary Credit Export LC Advise It is used to advise the Receiver of the terms and conditions of a documentary credit issued by a third bank. e.g
  • Tag 78 = 'INSTRUCTION%'
  • Tag 72Z = 'SND2RECMT710’
MT 711 BADV, BANC ADV_THIR D_BANK Advice of a Third Bank's Documentary Credit - Continuation Export LC Advise Continuation of an MT 710 for fields 45a, 46a and 47a
MT 720 TRNF TRANSFER _LC Transfer of a Documentary Credit Export LC Advise It is used to advise the transfer of a documentary credit, or part thereof, to the bank advising the second beneficiary.
  • e.g Tag 78 = 'INSTRUCTION%'
  • Tag 72Z = 'SND2RECMT720’
MT 721 TRNF TRANSFER _LC Transfer of a Documentary Credit - Continuation Export LC Advise Continuation of an MT 720 for fields 45a, 46a and 47a
MT 730 BPRE, BADV, BANC, BCFM, AMND, APAD,APA C & AATC LC_ACK_ADVICE Acknowledgement Export LC Advise

This message is used to acknowledge receipt of any documentary credit message. When applicable, it may also explicitly indicate that the message has been forwarded according to instructions.
This message type may also be used:
to account for bank charges to advise of acceptance or rejection of an amendment of a credit

  • e.g Tag 57 = '57ACWITHBANK'
  • Tag 72Z = 'SND2RECMT730’
  • Tag 79Z = 'NARRATIVE’
MT 732 INIT RESERVE_ RELEASE Advice of Discharge When Discrepancies are accepted by the drawee, the negotiating bank is informed. It is used to advise that documents received with discrepancies have been taken up.
MT 734 REFP PAYMENT_ REFUSAL / ACCEPT_REFUSAL Advice of Refusal When Bills are received with discrepancies, the negotiating bank is refused payment/acceptance It is used to advise the refusal of documents that are not in accordance with the terms and conditions of a documentary credit.
MT 740 BISS LC_AUTH_ REIMB Authorization to Reimburse, Amendment to Authorization to Reimburse Import LC Opening

It is used to request the Receiver to honour claims for reimbursement of payment(s) or negotiation(s) under a documentary credit.
The MT 740 authorises the reimbursing bank to debit the account of the Sender, or one of the Sender's branches if so indicated, for reimbursements effected in accordance with the instructions in the MT 740.
This message is sent by the issuing bank to the reimbursing bank.

e.g Tag 72Z = 'SND2RECMT740'
MT 742 INIT REIMBRSM NT_CLM Reimbursement Claim When Export Bills are negotiated, a claim is sent to the Reimbursing bank It is used to provide a reimbursement claim to the bank authorized to reimburse the Sender or its branch for its payments/negotiations.
MT 747 BISS LC_AMD_A UTH_REB Amendment to an Authorisation to Reimburse Import LC Amendment It is used to inform the Receiver about amendments to the terms and conditions of the credit relevant to the authorisation to reimburse. The amendment is to be considered as part of the authorisation to reimburse. This message is sent by the bank which has issued an authorisation to reimburse (issuing bank) to the reimbursing bank.

e.g Tag 72Z =
'SND2RECMT747'
Tag 77A =
'77NARRATIVE'

MT 750 BOOK DISCREPANCY_REQ Advice of Discrepancy When Export Bills are negotiated, and if the same contains discrepancies, request for approval is sent to the LC opening bank It is used to advise of discrepancies and request authorisation to honour documents presented that are not in accordance with the terms and conditions of the documentary credit.
MT 752 INIT DISCREPANCY_AUT Authorisation to Pay, Accept or Negotiate When an import LC is booked It is used to advise a bank which has requested authorisation to pay, accept, negotiate or incur a deferred payment undertaking that the presentation of the documents may be honoured, notwithstanding the discrepancies, provided they are otherwise in order.
MT 754 INIT ADV_PMT_ ACPT Advice of Payment/Acceptance /Negotiation During initiation of Export Bill It is used to advise that documents have been presented in accordance with the terms of a documentary credit and are being forwarded as instructed. This message type also handles the payment/negotiation.
MT 756 LIQD REIM_PAY_ ADV Advice of Reimbursement or Payment On liquidation of an import Bill It is used to advise of the reimbursement or payment for a drawing under a documentary credit in which no specific reimbursement instructions or payment provisions were given.
MT 760 BISS, REIS, ROPN GUARANTEE Guarantee Instrument
  1. Request another bank to issue a guarantee.
  2. Issue a guarantee through another bank
 This message is sent between banks involved in the issuance of a guarantee.

It is used to issue a
guarantee or to request
the Receiver to issue a
guarantee.

  • e.g Tag 72z = 'SND2RECMT760'
  • Tag 23X = '23XFILEIDENT’
  • Tag 39D= '39DADDAMTINF'
  • Tag 44H = '44HGOVRNLAW’
  • Tag 45L = '45LTRNDTLS’
  • Tag 24E = '24EDELORGUND'
  • Tag 24G = '24GDELORCOLL’
  • Tag 22K= '2KTYPEOFUND'
  • Tag 44H = '44HGOVERNLWC’
  • Tag 45L = '45LTRNDTSEQC’
  • Tag 24E = '24EDELORGC'
  • Tag 24G = '24GDELCOLLC’
  • Tag 45C= '45CDOCPRSDTL'
  • Tag 39D= '39DADAMTINFC’
MT 767 AMND GUA_AMD _INSTR Guarantee Amendment
  1. Request another bank to amend a guarantee.
  2. Amend a guarantee through another bank
 It is used to amend or request the amendment of the guarantee. This message is sent by a bank which has issued a guarantee to the bank to which the guarantee was issued. It may also be sent by a bank which has requested the issuance of a guarantee to the bank to which the request for a guarantee was sent.
  • e.g Tag 72Z = 'SND2RECMT767'
  • Tag 23X = '23XFILEIDENT’
  • Tag 24E = '24EDLRYGUAMD'
  • Tag 24G = '24GDLYCOLAMD’
  • Tag 24E = '24EDLYAMNDC’
  • Tag 24G = '24GDLYCLAMDC’
MT 768 MT 768 BPRE, BADV, BANC,AMN D, APAD,APA C & AATC, BISS, AMND GUA_ACK_ ADVICE Acknowledge ment of a Guarantee Message   It is used to acknowledge receipt of any message relating to a guarantee and, where applicable, to indicate that action has been taken according to the instructions.

The Sender’s charges
may also be accounted for in this message.
This message type is sent by a bank which has received a
guarantee to the bank which issued the guarantee or an
amendment thereto. It may also be sent by a bank which has been requested to issue a
guarantee to the bank which requested the guarantee or an
amendment thereto.
The charges amount and the charges details of the issuing bank are also populated in the
MT768 message.

  • e.g Tag 57 = '57ACWITHBANK'
  • Tag 72Z= 'SND2RECMT768’
  • Tag 23X = '23XFILEIDENT'
MT 790 N.A. N.A. Request for Payment of Charges, Interest and Other Expenses Generated using Common Group Messages Option (MSDCOMMS ) Requests payment of charges, interest or other expenses
MT 791 N.A. N.A. Request for cancellation of the message Generated using Common Group Messages Option (MSDCOMMS ) Requests the Receiver to consider cancellation of the message identified in the request
MT 792 N.A. N.A. Queries Generated using Common Group Messages Option (MSDCOMMS ) Requests information relating to a previous message or amendment to a previous message
MT 795 N.A. N.A. Answers Generated using Common Group Messages Option (MSDCOMMS ) Responds to a MT 795 Queries message or MT 792 Request for Cancellation or other messages where no specific message type has been provided for the response
MT 796 N.A. N.A. Proprietary Message Generated using Common Group Messages Option (MSDCOMMS ) Contains formats defined and agreed to between users and for those messages not yet live
MT 799 N.A. N.A. Free format message Generated using Common Group Messages Option (MSDCOMMS )  
MT799 GCLM GUA_CLAI M_ADV Guarantee Claim Advice Guarantee Claim Advice It is used to advice the claim details
MT799 GCEX GUA_EXT_MSG Guarantee extension message Guarantee extension message Generated when claiming party type is others
MT799 GCAM GUA_LEG_INJ_MSG Guarantee claim legal Injunction message Guarantee claim legal Injunction message Generated when there is legal injunction with claiming party type is others.
MT 740   LC_AUTH _REIMB     It is used to Reimbursement Bank.
MT 747   LC_AMD_A UTH_REB      
        Issuance of Local Guarantee Counter Guarantee Issuing Bank is used to
MT 767   GUA_AMD _INSTR     It is used
  • e.g Tag 72Z = 'SND2RECMT767'
  • Tag 23X = '23XFILEIDENT'
  • Tag 24E = '24EDLRYGUAMD'
  • Tag 24G = '24GDLYCOLAMD'
  • Tag 24E = '24EDLYAMNDC'
  • Tag 24G = '24GDLYCLAMDC'
MT 775          
MT786 GCLR GUA_CLAI M_REJ Guarantee Claim Rejection Claim Rejection It is used to support rejection of Claim lodged
MT799/M T759   GUA_PA Y_ADV LIB is the receiver    
MT799/M T759   GUA_PA Y_ADV CIB Claim Rejection/Settlement for Counter Counter Guarantee It is used to support CIB and LIB parties during Guarantee/SBLC Issuance.

Parent topic: Annexure C - SWIFT Category 7 Messages