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What is MT799?
Compare structured ancillary trade messaging with free format.
MT759 is an Ancillary Trade Structured Message used within defined trade-finance scope to request or provide information relating to undertakings.
MT799 is a Free Format Message. It is useful when another message type is not applicable, but it is not an LC, guarantee, standby or proof-of-funds product.
SWIFT guidance says MT759 should be used rather than MT799 when the MT759 scope applies. Banks should choose the current appropriate message for the content.
A private SOP that says “MT799 first” may reflect negotiated practice or old wording. It is not proof that SWIFT requires MT799 in that transaction.
What is MT799?
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