Blocked Funds Service MT799 Pre-Advice
Blocked Funds Service, MT799
- * Importers and exporters aligning cash with LC or SBLC issuance
- * EPC and supply contractors with advance or performance terms
- * Traders and distributors with time-bound allocations
- * Corporates needing third party comfort on cash availability
- * Contract requires a blocked funds confirmation before shipment or mobilization
- * LC, SBLC, or guarantee needs cash collateral ahead of issuance
- * Counterparty requests an MT799 to their bank with hold details
- * Bank hold over a cash balance or pledged deposit with defined release
- * MT799 confirmation to the beneficiary bank referencing the hold
- * Alignment to operative MT700 or MT760 where applicable
Blocked funds structures at a glance
| Structure | Purpose | Release trigger | Delivery to counterparty |
|---|---|---|---|
| Cash hold with bank hold code | Simple confirmation of available funds for a contract | Expiry date or receipt of operative instrument | SWIFT MT799 plus bank letter if required |
| Pledged term deposit | Cash collateral for LC, SBLC, or guarantee issuance | Issuance of MT700 or MT760 or lender release | MT799 referencing pledge and facility number |
| Account control agreement | Joint control over project or trade proceeds | Notice of satisfaction of conditions or scheduled release | MT799 with ACA details and release mechanics |
| Escrow with release conditions | Third party custody pending milestone or delivery | Trustee or escrow agent instruction under the agreement | Agent letter plus MT799 notice where accepted |
Controls and compliance
- * KYC and sanctions screening completed
- * Source of funds and purpose documented
- * Draft wording agreed with the bank and beneficiary
- * Amount, currency, and value date stated
- * Fixed expiry or milestone-based release described
- * Reference to contract, LC, or guarantee where relevant
- * SWIFT MT799 free format to beneficiary bank
- * Signed bank letter on request
- * Operative MT700 or MT760 where part of the structure
Information required to proceed
- * Applicant and beneficiary legal names and addresses
- * Beneficiary bank BIC and contact channel
- * Contract or facility reference numbers
- * Amount, currency, and value date for blocking
- * Expiry date or release milestones with evidence list
- * Intended operative instrument if any
- * Proposed MT799 text for review and alignment
- * Advising, confirmation, or portal instructions if required
- * Courier instructions for any originals
Process to hold and MT799
KYC and purpose review completed. Hold mechanics, release terms, and delivery method agreed.
Hold or pledge documented. Funds credited or term deposit placed. Draft MT799 text aligned with counterparties.
Bank sends MT799 to the beneficiary bank. We monitor acknowledgements, amendments, and release or rollover at expiry.
Blocked funds and MT799 FAQ
A free format SWIFT message used to confirm facts between banks. Here it confirms that funds are held on stated terms for a specific purpose.
Is MT799 the same as MT760No. MT760 is the operative message for guarantees and standby LCs. MT799 provides information or confirmation only.
The term matches the contract need or issuance window. Extensions are available by amendment where agreed in advance.
What evidence is required for releaseRelease follows the documented trigger. Examples include receipt of MT700 or MT760, delivery notes, or a written release by the beneficiary or lender.
Request a blocked funds confirmation with MT799
Share the contract context, the hold amount and term, and the beneficiary bank details. We will respond with a draft structure, message wording, and a checklist to complete issuance.
Request Blocked Funds ServiceWe act as an arranger on a best efforts basis through regulated partners. Eligibility depends on KYC and AML, sanctions screening, legal review, and issuer approval. MT799 is a bank-to-bank information message. It is not a payment undertaking.
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