12.4.1.11 MT 712 Demand for payment under Guarantee / Standby Letter of Credit – C2B
The Demand for payment under Guarantee / Standby LC is sent by the corporate (Beneficiary) to its bank and comprises at least two MT 798 messages.
These messages are used to demand payment under a guarantee and includes a request to extend the expiry date and to indicate availability of supporting documentation.
MT 798<712> - Claim for payment under Guarantee / Standby Letter of Credit Section 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 |
20 | Guarantee/Credit Number | 16x | M |
31C | Date of Issue | 6!n (Date) | M |
13E | Message Creation Date Time | 8!n4!n (Date)(Time) | M |
52a | Issuing/Guarantor Bank |
A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] |
O |
32B | Guarantee/Credit Amount | 3!a15d (Currency)( Amount) | M |
39D | Amount Claimed | 3!a15d (Currency)( Amount) | M |
49J | Beneficiary Statement | 50*65x (Narrative) | M |
57a | Account With Bank |
A [/1!a][/34x] (Party Identifier) 4!a2!a2!c[3!c] (Identifier Code) |
O |
53C | Settlement Account | /34x (Account) | O |
25A | Alternative Charges Account | /34x (Account) | O |
29A | Customer Contact | 4*35x (Narrative) | O |
72C | Corporate to Bank Information | 6*35x (Narrative) | O |
23X | Presentation Channel | 4!c/65x (Code)(Narrative) | M |
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 |
Parent topic: SWIFT 2018 Changes