Bank-to-Bank Procedures check0 / 1 answered · 0 correct
Check 1
Is MT799 itself an SBLC?
MT759 vs MT799
Learn why structured ancillary trade messaging should not be replaced casually by free format.
MT759
MT759 is an Ancillary Trade Structured Message for specified trade-finance information relating to undertakings. SWIFT directs users to use MT759 rather than MT799 when the MT759 scope applies.
Reviewed: September 2026Standards and bank policy can change.How MyGreed classifies proceduresOfficial-source directory
MT799
MT799 is a Free Format Message for information where another message type is not applicable. It can carry narrative text but is not itself an LC, SBLC, guarantee or proof-of-funds instrument.
Why older procedures look different
Many private procedures were written when parties used MT799 broadly for preliminary communication. SWIFT’s Category 7 restructuring introduced more structured messages for many purposes.
Do not mechanically convert
That does not mean every old “MT799 BPU” should be mechanically changed to MT759. The banks must decide what message is appropriate for the actual content and current standard.
Source / standards noteProcedure terminology can be market-specific. MyGreed distinguishes formal rules/message functions from bank policy and negotiated transaction steps.
Remember thisMT759 is structured ancillary trade messaging; MT799 is free format. The bank chooses the correct message for the purpose.
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