SWIFT MT 798—known as the “corporate trade envelope”—streamlines documentary credits, bank guarantees and standby letters of credit workflows across multiple banks. It replaces proprietary portals with a single, secure messaging channel, cutting error rates and cycle times in trade finance operations.
Corporates use SWIFTNet’s SCORE to send MT 798 via two channels:
An MT 798 envelope contains one or more sub-messages, each with a specific purpose:
| Sub-Message | Tag | Purpose |
|---|---|---|
| Application | 770 | Corporate applies for LC, guarantee or SBLC draft. |
| Issuance Advice | 771 | Bank confirms issuance (similar to MT 700/760). |
| Amendment Request | 772 | Corporate requests changes (wraps MT 707/767 details). |
| Amendment Advice | 773 | Bank advises amendment (wraps MT 707/767). |
| Amendment Acceptance | 736 | Corporate accepts or rejects amendment. |
| Discrepancy Advice | 748 | Bank flags document discrepancies (wraps MT 754). |
| Payment Advice | 753 | Bank notifies payment or claim settlement. |
Source: SWIFT MT 798 standard mapping.
When preparing a bank guarantee draft or standby letter of credit draft, include ICC rule references (URDG 758 or ISP 98), beneficiary details and draw conditions in fields 46A/46C/47A. Embed this text in sub-message 770 or attach as FileAct under the appropriate category.
MT 767 is used by banks to amend guarantees and SBLCs (amount, expiry, beneficiary). In MT 798, a corporate submits an amendment request via sub-message 772 (wrapping MT 767), and the bank responds with sub-message 773.
Many banks report a 30% reduction in issuance cycle time after automating MT 798 workflows.
MT 700 and MT 760 are bank-to-bank messages for LCs and guarantees. MT 798 is a corporate-to-bank envelope that carries those functions plus corporate applications and amendment requests, simplifying multi-bank operations.
Yes. Submit an MT 798<772> amendment request and the bank will issue an MT 798<773> amendment advice.
FIN handles structured messages. FileAct is optional for large attachments (draft documents, invoices). Using both offers maximum flexibility.
FIN MT 798 offers automation and low latency; FileAct is for document-heavy tasks. Most corporates use both.
Unlock seamless MT 798 integration with Financely’s Trade Finance Underwriting and Capital Raising services. Submit a quote request today:
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