Digital alternatives to traditional trade communication
In the complex world of documentary trade finance, digital communications can undoubtedly bring greater efficiency and reliability across trade and supply chain solutions.
SWIFT's trade digitisation solutions are designed to help you reduce risk, enhance the efficiency of your processes and improve liquidity management.
Our Digital Trade Channel, the MT 798 message, is a multi-bank standard for automating corporate-to-bank documentary trade flows, such as letters of credit and demand guarantees.
To learn more about digital trade finance, speak to your bank to find out which services they support. Alternatively, you can use our Bank Readiness portal to identify banks that support the relevant solutions.
A single message
MT 798 is a standardised format for communicating with all your trade banks, supporting import/export letters of credit and guarantees.
Embracing Digital in Trade Finance
Find out how corporates are using digital trade services.
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