12.4.2.20 MT 777/765 Query to Extend or Pay Guarantee / Standby LC – B2C
The Query to Extend or Pay is sent by the bank to the corporate (Applicant/Accountee) and comprises one MT 798 message.
This message is used to indicate that the bank has received a request to "extend or pay" under a specified Guarantee / Standby LC and to seek a response from the Applicant, either to extend the guarantee or pay the guarantee.
Format Specifications
Section 2 – Field 77E Structure
MT 798<777> - Query to extend or pay Guarantee / Standby LC Index
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 |
| 21T | Customer Business Reference | 16x | M |
| 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 Extend or Pay Request | 6!n (Date) | M |
| 39D | Amount Claimed | 3!a15d (Currency)( Amount) | O |
| 31L | New Validity Expiry Date | 6!n (Date) | O |
| 49J | Text of Extend or Pay Request | 50*65x (Narrative) | O |
| 78B | Instructions from the Bank | 50*65x (Narrative) | O |
| 31T | Latest Date for Reply | 6!n (Date) | M |
| 29B | Bank Contact | 4*35x (Narrative) | O |
| 72C | Bank to Corporate 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 | 4!a2!a2!c[3!c] (Identifier Code) | O |
| 29U | Lead Bank Identifier | 4!a2!a2!c[3!c] (Identifier Code) | O |
MT 798<765> - Query to Extend or Pay Guarantee / Letter of Credit Demand
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 |
| 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 | M |
Parent topic: SWIFT 2023 Changes