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Guarantee/Standby Letter of Credit Message Types

The following table lists all Guarantee message types defined in Category 7.

For each message type, there is a short description, an indicator whether the message type requires authentication (Y or N), the maximum message length for input (2,000 or 10,000 characters) and whether the use of the message requires registration with SWIFT for use in a message user group (Y or N).

MT MT Name Purpose Signed  (1)  Max. Length MUG
760 Issue of a Demand Guarantee/Standby Letter of Credit Issues or requests the issue of a guarantee or standby letter of credit Y 10,000 N
761 Issue of a Demand Guarantee/Standby Letter of Credit May specify the terms and conditions of the undertaking, and for a counter-undertaking, may specify the requested terms and conditions of the local undertaking. This message is sent in addition to an MT 760, when the information in the undertaking exceeds the maximum message size of the MT 760. Y 10,000 N
765 Guarantee/Standby Letter of Credit Demand Demands payment under an undertaking and may include a request to extend the expiry date. Y 10,000 N
767 Amendment to a Demand Guarantee/Standby Letter of Credit Guarantee/Standby Letter of Credit Amendment Amends a guarantee or standby letter of credit which has been previously issued or requests the amendment of a guarantee which the Sender has previously requested to be issued Y 10,000 N
768 Acknowledgement of a Guarantee/Standby Message Acknowledges the receipt of a guarantee or standby letter of credit message and may indicate that action has been taken according to instructions Y 2,000 N
769 Advice of Reduction or Release Advises that a bank has been released of its liability for a specified amount under its guarantee or standby letter of credit Y 2,000 N
775 Amendment to a Demand Guarantee/Standby Letter of Credit May specify the terms and conditions of the undertaking and for a counter-undertaking may specify the requested terms and conditions of the local undertaking. This message is sent in addition to an MT 767, when the information in the undertaking would otherwise exceed the maximum message size of the MT 767. Y 10,000 N
785 Guarantee/Standby Letter of Credit Non Extension Notification Notifies the beneficiary, if applicable, via one or more advising parties of the non-extension of the referenced undertaking beyond the current expiry date. Y 2,000 N
786 Guarantee/Standby Letter of Credit Demand Refusal Used by the party obligated on the undertaking and to whom a demand for payment has been made, to notify the beneficiary that the demand has been refused. Y 10,000 N
787 769 Guarantee/Standby Letter of Credit Amendment Response Advice of Reduction or Release Sent to the bank that issued undertaking amendment (guarantee, demand guarantee, standby letter of credit, or dependent undertaking), either directly or via one or more advising parties, to indicate acceptance or rejection by the beneficiary of the amendment. Advises that a bank has been released of its liability for a specified amount under its guarantee or standby letter of credit Y 2,000 N

(1)  A Relationship Management Application (RMA) authorisation is required in order to sign a message.

Note: 

A Message User Group (MUG), for the purposes of this book, is a group of users who have voluntarily agreed to support the specified message type and have registered with SWIFT to send or receive the specified message type. These messages are indicated in the preceding table in the column MUG.

Registration is free of charge. To register to use one or more message types, submit a registration request (Order Message User Group) through the forms available on www.swift.com > Ordering & Support > Ordering > Order Products and Services > Message User Group (MUG).

To withdraw from a MUG, use the Terminate your MUG subscription request. These forms are available at www.swift.com > Ordering & Support > Ordering > Terminate and deactivate > Message User Group (MUG).

To get the list of other members of a particular MUG, send an MT 999 to the Customer Implementation team (SWHQBEBBCOS).