MT101 Request for Transfer This message is:

  • sent by a financial institution on behalf of a non-financial institution account owner, to an account servicing financial institution or to a forwarding financial institution for further transmission to the account servicing institution.
  • sent by a non-financial institution account owner, or a party authorised by the account owner, to an account servicing financial institution or to a forwarding financial institution for further transmission to the account servicing institution.

It is used to move funds from the ordering customer’s account(s) serviced at the receiving financial institution or at the account servicing institution, or from an account(s) owned by the ordering customer which the instructing customer has explicit authority to debit, for example, a subsidiary account.

The MT 101 can be used to order the movement of funds:

  • between ordering customer accounts, or
  • in favour of a third party, either domestically or internationally.
MT102 Multiple Customer Credit Transfer This message is sent by or on behalf of the financial institution of the ordering customer(s) to another financial institution for payment to the beneficiary customer.

It requests the Receiver to credit the beneficiary customer(s) directly or indirectly through a clearing mechanism or another financial institution, or to issue a cheque to the beneficiary.

This message is used to convey multiple payment instructions between financial institutions for clean payments. Its use is subject to bilateral/multilateral agreements between Sender and Receiver.

Amongst other things, these bilateral agreements cover the transaction amount limits, the currencies accepted and their settlement. The multiple payments checklist included below is recommended as a guide for institutions in the setup of their agreements.

MT102.STP Multiple Customer Credit Transfer This message is sent by or on behalf of the financial institution of the ordering customer(s) to another financial institution for payment to the beneficiary customer.

It requests the Receiver to credit the beneficiary customer(s) directly or indirectly through a clearing mechanism or another financial institution, or to issue a cheque to the beneficiary.

This message is used to convey multiple payment instructions between financial institutions for clean payments. Its use is subject to bilateral/multilateral agreements between Sender and Receiver.

Amongst other things, these bilateral agreements cover the transaction amount limits, the currencies accepted and their settlement. The multiple payments checklist included below is recommended as a guide for institutions in the setup of their agreements.

MT 103 Single Customer Credit Transfer The MT 103 is a General Use message, that is, no registration in a Message User v2 is necessary to send and receive this message. It allows the exchange of single customer credit transfers using all MT 103 fields, except field 77T (Envelope Contents). The MT 103 can be straight through processable if the message is properly formatted according to pre-agreed bilateral/multilateral rules.
MT103.REMIT Single Customer Credit Transfer The MT 103 REMIT requires registration in the Extended Remittance Information message user group. This message user V2 allows its subscribers to exchange MT 103 REMIT messages with an extended amount of remittance information in field 77T.
MT103.STP Single Customer Credit Transfer The MT 103 STP is a general use message, that is, no registration in a Message User V2 is necessary to send and receive this message. It allows the exchange of single customer credit transfers using a restricted set of fields and format options of the core MT 103 to make it straight through processable. The MT 103 STP is a compatible subset of the core MT 103 that is documented separately.
MT104 Direct Debit and Request for Debit Transfer Message The MT 104 is used to convey customer direct debit instructions and can be:

  • sent by a non-financial institution account owner, or a party authorised by the account owner, to a financial institution to request the direct debit of the debtor’s account with the receiver or with another financial institution, and subsequently to credit the creditor’s account maintained by the receiver or one of its branches.
  • sent by the creditor’s bank, or another financial institution, to the debtor’s bank, or another financial institution, on behalf of the creditor/instructing party to order the debit of the debtor’s account and to collect payment from this account.
  • sent by a non-financial institution account owner, or a party authorised by the account owner, to a forwarding financial institution to request the direct debit of the debtor’s account and subsequently to credit the creditor’s account serviced by a financial institution in another country.
  • sent between two financial institutions on behalf of a creditor/instructing party to request the direct debit of the debtor’s account in the Receiver’s country and subsequently to credit the creditor’s account maintained by the Receiver or one of its branches.
MT105 EDIFACT Envelope This message is sent by a financial institution to another financial institution. It is used as an envelope to convey an EDIFACT message. SOON
MT107 General Direct Debit Message This message is sent by the creditor’s financial institution or another financial institution, to the debtor’s financial Institution or another financial institution, on behalf of the creditor, to order the debit of the debtor’s account and to collect payment from this account.
MT110 Advice of Cheque(s) This multiple message is sent by a drawer bank, or a bank acting on behalf of the drawer bank to the bank on which a/several cheque(s) has been drawn (the drawee bank).

It is used to advise the drawee bank, or confirm to an enquiring bank, the details concerning the cheque(s) referred to in the message.

MT111 Request for Stop Payment of a Cheque This single message type is sent by a drawer bank, or a bank acting on behalf of the drawer bank, to the bank on which a cheque has been drawn (the drawee bank).

It is used to request stop payment of the cheque referred to in the message.

MT112 Status of a Request for Stop Payment of a Cheque This message type is sent by the drawee bank (on which a cheque is drawn) to the drawer bank or the bank acting on behalf of the drawer bank.

It is used to indicate what actions have been taken in attempting to stop payment of the cheque referred to in the message.

MT190 Advice of Charges, Interest and Other Adjustments

This message type is sent by an account servicing institution to the account owner.

MT191 Request for Payment of Charges, Interest and Other Expenses This message type is sent by a financial institution to another financial institution.

It is used to request the payment of charges, interest and/or other expenses which are previously unknown to the Receiver.

MT192 Request for Cancellation This message is:

  • sent by a financial institution to request a second financial institution to consider cancellation of the SWIFT message identified in the request.
  • sent by a corporate customer to request a financial institution to consider cancellation of the SWIFT message identified in the request.
  • If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, that is, reversal, with the beneficiary’s consent.
MT195 Queries This message type is:

    • sent by a financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to request information or clarification relating to a previous CAXI or non-CAXI message or to one or more transactions contained therein.

A query may also be sent to request that an amendment be made to a previous message, except in those cases where a specific message, or facility within a message, has been provided for this purpose in the related category, for example, MT 707, AMEND in field 22 of the MT 300.

MT196 Answers This message type is:

    • sent by one financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to respond to an MT n95 Queries or MT n92 Request for Cancellation and other messages where no specific message type has been provided for the response. This message should use the same category digit as the related queries message or request for cancellation.

MT198 Proprietary Message This message type is used by financial institutions, with their own offices, with other financial institutions and/or with corporate customers with which they have established bilateral agreements.

It is used as an envelope for a specified message included in it.

It allows for the definition of a unique format for which another message type is not available or applicable.It also allows financial institutions to use message types which are awaiting live implementation on the SWIFT system.

MT199 Free Format Message This message type is:

  • used by financial institutions to send or receive information for which another message type is not applicable.
  • used between a corporate and its financial institution for which another message type is not applicable.

The category digit should be chosen so the message will be routed to the unit of the Receiver which is most capable of acting on the information.

This format does not apply to category 4 and 7. For more details, see the relevant category Message Reference Guide for MT 499 and MT 799.

Category 2  –  Financial Institution Transfers

 

MT200 Financial Institution Transfer for its Own Account This message type is sent by an account owner to one of its account servicing institutions. All parties identified in the message must be financial institutions.

It is used to request the movement of funds from an account that the Receiver services for the Sender to an account that the Sender has, in the same currency, with another financial institution.

MT201 Multiple Financial Institution Transfer for its Own Account This multiple message type is sent by an account owner to one of its account servicing institutions. All parties identified in the message must be financial institutions.

It is used to request the movement of funds from an account that the Receiver services for the Sender to several accounts that the Sender has, in the same currency, with other financial institutions.

MT202 General Financial Institution Transfer This message is sent by or on behalf of the ordering institution directly, or through correspondent(s), to the financial institution of the beneficiary institution. All parties identified in the message must be financial institutions.

It is used to order the movement of funds to the beneficiary institution.

This message may also be sent to a financial institution servicing multiple accounts for the Sender to transfer funds between these accounts. In addition it can be sent to a financial institution to debit an account of the Sender serviced by the Receiver and to credit an account, owned by the Sender at an institution specified in field 57a.

This message must not be used to order the movement of funds related to an underlying customer credit transfer that was sent with the cover method. For these payments the MT 202 COV or MT 205 COV must be used.

MT202.COV General Financial Institution Transfer This message is sent by or on behalf of the ordering institution directly, or through correspondent(s), to the financial institution of the beneficiary institution. All parties to the financial institution transfer (sequence A) must be financial institutions.

It must only be used to order the movement of funds related to an underlying customer credit transfer that was sent with the cover method.

The MT 202 COV must not be used for any other interbank transfer. For these transfers the MT 202 must be used.

MT203 Multiple General Financial Institution Transfer This multiple message is sent by or on behalf of the ordering institution directly, or through correspondent(s), to the financial institution(s) of several beneficiary institution(s). The message contains several transactions. All parties identified in the message must be financial institutions.

It is used to order the movement of funds to each beneficiary institution.

This message may also contain order(s) for the movement of the Sender’s own funds in favour of itself. This is the case when the Receiver services multiple accounts for the Sender and the funds are to be transferred between these accounts. In addition, it can be sent to a financial institution to debit an account of the Sender serviced by the Receiver and to credit an account owned by the Sender at an institution specified in field 57a.

MT204 Financial Markets Direct Debit Message This message is sent by an exchange or clearing house, or another financial institution to a CAXI member or submember, to instruct the Receiver of the message to debit the account(s) of a third party specified in the message and to pay or credit the corresponding amount in favour of the Sender of the message.
MT205 Financial Institution Transfer Execution This message is sent by the Receiver of a category 2 message that is, MT 200, 201, 202, 203 or 205, or equivalent (for example ISO 20022 Financial Institution Credit Transfer), directly, or through correspondent(s), to the financial institution of the beneficiary institution. All parties identified in the message must be financial institutions.

It is used to further transmit a funds transfer instruction where Sender and Receiver are located in the same country.

If the funds transfer instruction is related to an underlying customer credit transfer that was sent with the cover method, then the MT 205 must not be used.

MT205.COV Financial Institution Transfer Execution This message is sent by the Receiver of an MT 202 COV, MT 205 COV or equivalent (for example ISO 20022 Financial Institution Credit Transfer), directly, or through correspondent(s), to the financial institution of the beneficiary institution. All parties to the financial institution transfer (sequence A) must be financial institutions.

It is only used to further transmit a funds transfer instruction related to an underlying customer credit transfer that was sent with the cover method, where Sender and Receiver are located in the same country.

The MT 205 COV must not be used for any other interbank transfer.

MT207 Request For Financial Institution Transfer This message is used to move funds from the ordering financial institution’s account, serviced at the receiving financial institution or at the account servicing institution, or from an account(s) owned by the ordering institution for which the initiating institution has explicit authority to debit, for example, a subsidiary account.

It can be used to order the movement of funds:

  • between the ordering institution’s accounts, or
  • in favour of a third party, either domestically or internationally.

The message is sent by a financial institution on behalf of the ordering financial institution, that is, the account owning financial institution, or on behalf of the initiating financial institution. It is subsequently received by a financial institution and processed by this receiving financial institution or another account servicing financial institution. All parties identified in the message must be financial institutions.

MT210 Notice to Receive This message type is:

    • sent by an account owner to one of its account servicing institutions.
    • sent by a party authorised by the account owner to one of its account servicing institutions.

It is an advance notice to the account servicing institution that it will receive funds to be credited to the Sender’s account.

MT256 Advice of Non-Payment of Cheques This message is sent by the Receiver of one or more cheque truncation messages. It is used to inform the Sender of (a) previously sent cheque truncation message(s) of the non-payment of specified truncated cheques.

This message may only be used to specify dishonoured items that result in reversing a previous payment settlement.

MT290 Advice of Charges, Interest and Other Adjustments

This message type is sent by an account servicing institution to the account owner.

MT291 Request for Payment of Charges, Interest and Other Expenses

This message type is sent by a financial institution to another financial institution.

MT292 Request for Cancellation This message is:

  • sent by a financial institution to request a second financial institution to consider cancellation of the CAXI message identified in the request.
  • sent by a corporate customer to request a financial institution to consider cancellation of the CAXI message identified in the request.
  • If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, that is, reversal, with the beneficiary’s consent.
MT295 Queries This message type is:

    • sent by a financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to request information or clarification relating to a previous CAXI or non-CAXI message or to one or more transactions contained therein.

A query may also be sent to request that an amendment be made to a previous message, except in those cases where a specific message, or facility within a message, has been provided for this purpose in the related category, for example, MT 707, AMEND in field 22 of the MT 300.

MT296 Answers This message type is:

    • sent by one financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to respond to an MT n95 Queries or MT n92 Request for Cancellation and other messages where no specific message type has been provided for the response. This message should use the same category digit as the related queries message or request for cancellation.

MT298 Proprietary Message This message type is used by financial institutions, with their own offices, with other financial institutions and/or with corporate customers with which they have established bilateral agreements.

It is used as an envelope for a specified message included in it.

It allows for the definition of a unique format for which another message type is not available or applicable.It also allows financial institutions to use message types which are awaiting live implementation on the SWIFT system.

MT299 Free Format Message This message type is:

  • used by financial institutions to send or receive information for which another message type is not applicable.
  • used between a corporate and its financial institution for which another message type is not applicable.

The category digit should be chosen so the message will be routed to the unit of the Receiver which is most capable of acting on the information.

This format does not apply to category 4 and 7. For more details, see the relevant category Message Reference Guide for MT 499 and MT 799.

Category 3  –  Foreign Exchange, Money Markets, and Derivatives

MT300 Foreign Exchange Confirmation The MT 300 is used to:

  • confirm the details of a new contract between the parties
  • confirm an exercised foreign currency option
  • confirm the details of an amendment to a previously sent confirmation
  • cancel a previously sent confirmation
  • report to a trade repository

This message is exchanged by or on behalf of the institutions or corporate customers, party A and party B, which have agreed to a foreign exchange contract.

MT303 Forex/Currency Option Allocation Instruction This message is sent by an instructing party, for example, a fund manager, or its authorised representative, to an executing broker to instruct the allocation of either a block foreign exchange trade or a block currency option.

The MT 303 contains both the terms of the block trade and the individual allocations.

The executing party will reply by sending separate MT 300 Foreign Exchange Confirmations confirming each individual allocation.

The message may be sent to

  • cancel and amend the block trade and the complete set of allocations
  • amend a number of individual allocations.
MT304 Advice/Instruction of a Third Party Deal This message is sent by a fund manager to a custodian bank as an advice of/instruction to settle a third party foreign exchange deal.

The definition of third party must be agreed up front between the fund manager and the custodian relative to deals executed by the custodians’ treasury area on behalf of the fund manager.

It is used to:

  • provide details about a new deal
  • provide a settlement notification
  • amend a previously sent message
  • cancel a previously sent message.

This message may also be sent to the member of a centralised settlement system or directly to the centralised settlement system.

MT305 Foreign Currency Option Confirmation This message type is exchanged by or on behalf of the institutions or corporate customers, party A and party B, which have agreed to a foreign currency option contract.

It is used to confirm the details of:

  • a new contract between the parties
  • an amendment to a previously agreed contract
  • the cancellation of a confirmation
  • the surrender of an option by the buyer (holder) to the seller (grantor) for compensation.

It may also be used to report the details of a contract to a trade repository.

MT306 Foreign Currency Option Confirmation This message is exchanged to confirm a foreign currency option contract.

The confirmed transaction is covered by an ICOM (International Currency Option Master from the British Bankers’ Association), ISDA (International Swaps and Derivatives Association), Deutsche Rahmenvertrag, IFEMA, FEOMA or AFB (Association Française de Banques) Master Agreement. These agreements are either signed or under negotiation. The message also caters for deals that are not covered by the above agreements.

The message is used to confirm/notify the details of:

  • a new contract between the parties,
  • an amendment to a previously agreed contract,
  • the cancellation of a confirmation,
  • a trigger event: knock-in/knock-out of an option, hitting of a trigger level,
  • the close out of an option.

It may also be used to report the details of a contract to a trade repository.

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to a foreign currency option contract.

MT307 Advice/Instruction of a Third Party FX Deal This message is sent by a fund manager to a custodian bank as an advice of/instruction to settle a third party foreign exchange deal.

The definition of third party must be agreed up front between the fund manager and the custodian relative to deals executed by the custodians’ treasury area on behalf of the fund manager.

It is used to:

  • provide details about a new deal
  • provide a settlement notification
  • cancel a previously sent message.
MT320 Fixed Loan/Deposit Confirmation This message is exchanged to confirm a fixed term loan/deposit contract.

The message is used to confirm/notify the details of:

  • a new contract between the parties
  • an amendment to a previously agreed contract
  • the cancellation of a confirmation
  • a rolled over/renewed contract between the parties
  • the maturity of a contract.

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, who have agreed to a fixed term loan/deposit contract.

MT321 Instruction to Settle a Third Party Loan/Deposit This message is sent by a fund manager to the fund’s custodian to advise the trade details and instruct the settlement of a fixed term loan/deposit done with a third party financial institution. The trade may cover one single trade or one block trade.

The definition of third party must be agreed up front between the fund manager and the custodian relative to deals executed by the custodians’ treasury area on behalf of the fund manager.

This message is used to:

  • provide details about a new contract between the parties
  • provide details of a rollover/renovation of a contract between the parties
  • provide details of the maturity of a contract
  • cancel a previously sent message.
MT330 Call/Notice Loan/Deposit Confirmation This message is exchanged to confirm a call/notice loan/deposit contract.

The message is used to confirm/notify the details of:

  • a new contract between the parties
  • an amendment to a previously agreed contract
  • the cancellation of a confirmation
  • an increase or decrease in the balance of the account, in an already agreed contract
  • a change in the interest rate
  • a change in the period of notice
  • the closing of a contract, that is, final redemption of the loan/deposit balance to zero and all interest paid.

This message is sent by or on behalf of the institution or corporate, party A and party B, who have agreed to a call/notice loan/deposit contract.

MT340 Forward Rate Agreement Confirmation This message is exchanged by or on behalf of the institutions or corporates, party A and party B, who have agreed to a forward rate agreement (FRA).

The confirmed transaction is covered by an ISDA (International Swaps and Derivatives Association), Deutscher Rahmenvertrag für Finanztermingeschäfte, FRABBA (British Bankers’ Association) or AFB (Association Française de Banques) Master Agreement. These agreements are either signed or under negotiation.

A money broker may also send this message to the two parties (party A and party B) for which he arranged the deal.

If there are two money brokers involved in arranging a deal between party A and party B, this message is also exchanged between these money brokers.

The message is used to confirm/notify the details of:

  • a new contract between the parties
  • an amendment to a previously agreed contract
  • the cancellation of a confirmation.

It may also be used to report the details of an agreement to a trade repository.

MT341 Forward Rate Agreement Settlement Confirmation This message is exchanged by or on behalf of the institutions or corporates, party A and party B, who have agreed to a forward rate agreement (FRA).

It is used to confirm the settlement details of the forward rate agreement when the settlement rate has been fixed on the fixing date.

The message is also used for:

    • an amendment to a previously agreed settlement message
    • the cancellation of a settlement message.

It may also be used to report the agreement to a trade repository.

MT350 Advice of Loan/Deposit Interest Payment It is used to inform that an interest amount has been paid to the account of the beneficiary with the receiving agent mentioned in the message.

The message may also be used to notify the details of:

    • an amendment to a previously sent advice
    • the cancellation of an advice.

This message is sent by or on behalf of the institution or corporate, party A who has borrowed cash from the institution or corporate, party B.

MT360 Single Currency Interest Rate Derivative Confirmation This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to a single currency interest rate swap, a cap, a collar or a floor. The confirmed transaction is covered by a BBAIRS (British Bankers’ Association Interest Rate Swap), ISDA (International Swaps and Derivatives Association), Deutscher Rahmenvertrag für Finanztermingeschäfte or AFB (Association Française de Banques) Master Agreement.

The message also covers deals which are not part of an ISDA, AFB, Deutscher Rahmenvertrag für Finanztermingeschäfte or BBAIRS Master. In this case, party A and party B must have another bilateral agreement in place.

This message may also be sent by a money broker to the two parties (party A and party B) for which the broker arranged the deal.

If there are two money brokers involved in arranging a deal between party A and party B, this message is also exchanged between these money brokers.

The MT 360 may be used to:

  • confirm the details of a new transaction between the parties
  • correct a previously sent confirmation
  • cancel a previously sent confirmation.
  • report the details of a transaction to a trade repository.
MT361 Cross Currency Interest Rate Swap Confirmation This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to a cross currency interest rate swap covered by a BBAIRS (British Bankers’ Association Interest Rate Swap), Deutscher Rahmenvertrag für Finanztermingeschäfte or an ISDA (International Swaps and Derivatives Association) Master Agreement.

The message also covers deals which are not part of an ISDA, Deutscher Rahmenvertrag für Finanztermingeschäfte or BBAIRS Master. In this case, party A and party B must have another bilateral agreement in place, except under AFB (Association Française de Banques) Master (until the AFB does define the interbank confirmation for cross currency swaps, the MT 361 cannot be used to confirm such transactions).

This message may also be sent by a money broker to the two parties (party A and party B) for which the broker arranged the deal.

If there are two money brokers involved in arranging a deal between party A and party B, this message is also exchanged between these money brokers.

The message may be used to:

  • confirm the details of a new transaction between the parties
  • correct a previously sent confirmation
  • cancel a previously sent confirmation.
  • report the details of a transaction to a trade repository.
MT362 Interest Rate Reset/Advice of Payment

This message is exchanged by or on behalf of the financial institutions, Party A and Party B, who have agreed to a single or cross currency interest rate derivative transaction, including caps, collars and floors.

This message may be used to:

  • advise the details of the determination of the floating interest rate(s)
  • advise the details of the payment of interest at the end of an interest period
  • cancel a previously sent reset/advice
  • correct errors in a previously sent reset/advice.
MT364 Single Currency Interest Rate Derivative Termination/Recouponing Confirmation This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to the termination, partial termination or recouponing of a single currency interest rate swap, a cap, a collar or a floor. The terminated/recouponed transaction is covered by a BBAIRS, ISDA or AFB or another bilateral agreement.

This message may be used to:

  • confirm the details of the partial or full termination of an existing transaction between the parties
  • confirm the details of the recouponing of an existing transaction
  • correct a previously sent termination/recouponing
  • cancel a previously sent termination/recouponing.
MT365 Cross Currency Interest Rate Swap Termination/Recouponing Confirmation This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to the termination, partial termination or recouponing of a cross currency interest rate swap. The terminated/recouponed transaction is covered by a BBAIRS, ISDA or another bilateral agreement.

The message may be used to:

  • confirm the details of the partial or full termination of an existing transaction between the parties
  • confirm the details of the recouponing of an existing transaction
  • correct a previously sent termination/recouponing
  • cancel a previously sent termination/recouponing.
MT370 Netting Position Advice The MT 370 Netting Position Advice message is sent by a financial or non-financial institution to another financial or non-financial institution.

It is used to advise the netting position of a currency resulting from foreign exchange, non deliverable forward (NDF), options and other trades. It also specifies the settlement information for the currency.

MT380 Foreign Exchange Order This message type is sent:

  • by a fund manager to a custodian bank as an order to purchase or sell a specific amount of a certain currency.
  • by a custodian bank to the local/sub custodian bank, when the fund account’s custodian uses a sub custodian in the local market to execute the foreign exchange order received from a fund manager.

It may also be used to:

  • duplicate an order sent by other means, for example, fax or telex
  • provide a third party with a copy of the message being sent.
MT381 Foreign Exchange Order Confirmation This message type is sent:

  • by a custodian bank to a fund manager to confirm the execution of an FX Order previously sent by the fund manager
  • by a sub custodian to a custodian bank when the fund account’s custodian uses a sub custodian in the local market to execute the foreign exchange order received from a fund manager

This message type is used as:

    • a foreign exchange confirmation of an MT541/3 message
    • a foreign exchange confirmation of multiple MT541/3 messages
    • a foreign exchange confirmation of a combination of multiple MT380 and MT541/3 messages

It may also be used to:

    • cancel a previously sent foreign exchange order confirmation
    • duplicate a foreign exchange order confirmation sent by other means, for example, fax or telex
    • provide a third party with a copy of the message being sent
MT390 Advice of Charges, Interest and Other Adjustments

This message type is sent by an account servicing institution to the account owner.

MT391 Request for Payment of Charges, Interest and Other Expenses

This message type is sent by a financial institution to another financial institution.

MT392 Request for Cancellation This message is:

  • sent by a financial institution to request a second financial institution to consider cancellation of the CAXI message identified in the request.
  • sent by a corporate customer to request a financial institution to consider cancellation of the CAXI message identified in the request.
  • If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, that is, reversal, with the beneficiary’s consent.
MT395 Queries This message type is:

    • sent by a financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to request information or clarification relating to a previous CAXI or non-CAXI message or to one or more transactions contained therein.

A query may also be sent to request that an amendment be made to a previous message, except in those cases where a specific message, or facility within a message, has been provided for this purpose in the related category, for example, MT 707, AMEND in field 22 of the MT 300.

MT396 Answers This message type is:

    • sent by one financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to respond to an MT n95 Queries or MT n92 Request for Cancellation and other messages where no specific message type has been provided for the response. This message should use the same category digit as the related queries message or request for cancellation.

MT398 Proprietary Message This message type is used by financial institutions, with their own offices, with other financial institutions and/or with corporate customers with which they have established bilateral agreements.

It is used as an envelope for a specified message included in it.

It allows for the definition of a unique format for which another message type is not available or applicable.It also allows financial institutions to use message types which are awaiting live implementation on the CAXI system.

MT399 Free Format Message This message type is:

  • used by financial institutions to send or receive information for which another message type is not applicable.
  • used between a corporate and its financial institution for which another message type is not applicable.

The category digit should be chosen so the message will be routed to the unit of the Receiver which is most capable of acting on the information.

This format does not apply to category 4 and 7. For more details, see the relevant category Message Reference Guide for MT 499 and MT 799.

MT400 Advice of Payment This message type is sent by the collecting bank to the remitting bank.

It may also be sent:

    • on behalf of the collecting bank by its branch/affiliate bank to the remitting bank or branch/affiliate of that bank
    • by a collecting bank to another collecting bank

It is used to advise a payment under a collection or a part thereof and may also be used for the settlement of proceeds. The account relationship between the Sender and the Receiver is used, unless expressly stated otherwise in the message.

This message must never be sent to a bank acting solely as a reimbursement bank. In this case, the appropriate message type is an MT 202 Financial Institution Transfer.

MT410 Acknowledgement This message type is sent by a collecting bank to a remitting bank to acknowledge the receipt of a collection.

It may also be sent by a collecting bank to another collecting bank.

Unless otherwise expressly stated, this message type states that the collecting bank intends to act in accordance with the collection instruction.

MT412 Advice of Acceptance This message type is sent by the collecting bank to the remitting bank.

It may also be sent by a collecting bank to another collecting bank.

It is used to inform the Receiver of the acceptance of one or more drafts under one collection instruction.

MT416 Advice of Non-Payment/Non-Acceptance This message type is sent by the collecting bank to the remitting bank.

It may also be sent:

    • to the remitting bank via another financial institution.
    • by a presenting bank to a collecting bank.

It is used to advise of non-payment or non-acceptance under a previously received collection or part thereof.

MT420 Tracer This message type is sent by the remitting bank to the collecting bank.

It may also be sent by a collecting bank to another collecting bank.

It is used to enquire about the fate of documents sent for collection.

MT422 Advice of Fate and Request for Instructions This message type is sent by the collecting bank to the remitting bank.

It may also be sent by a collecting bank to another collecting bank.

It is used to advise the Receiver of the status of collection documents received by the collecting bank. Since an advice of fate generally includes one or more questions or requests, the two functions are included in this one message type.

MT430 Amendment of Instructions This message type is sent by the remitting bank to the collecting bank.

It may also be sent by a collecting bank to another collecting bank.

This message is used to amend instructions contained in the collection.

MT450 Cash Letter Credit Advice This message type is sent by the account servicing institution to the account owner.

It is used to confirm that the face amount of cash letter(s) received has been credited under usual reserve (subject to final payment).

MT455 Cash Letter Credit Adjustment Advice This message type is sent by an account servicing institution to the account owner.

It is used to advise the account owner of one or several adjustments that have been made to its account that are related to a previous credit for a cash letter.

MT456 Advice of Dishonour This message type is sent by the account servicing institution to the account owner.

It is used to advise the account owner that a financial document(s) included in the referenced cash letter has/have been dishonoured for the reasons given. The account owner’s account is debited accordingly.

The advice will specify whether the financial document(s) is/are being returned unpaid to the originator of the cash letter or if it is/they are being re-presented to the drawee(s) for payment.

MT490 Advice of Charges, Interest and Other Adjustments

This message type is sent by an account servicing institution to the account owner.

MT491 Request for Payment of Charges, Interest and Other Expenses

This message type is sent by a financial institution to another financial institution.

MT492 Request for Cancellation This message is:

  • sent by a financial institution to request a second financial institution to consider cancellation of the CAXI message identified in the request.
  • sent by a corporate customer to request a financial institution to consider cancellation of the CAXI message identified in the request.
  • If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, that is, reversal, with the beneficiary’s consent.
MT495 Queries This message type is:

    • sent by a financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to request information or clarification relating to a previous CAXI or non-CAXI message or to one or more transactions contained therein.

A query may also be sent to request that an amendment be made to a previous message, except in those cases where a specific message, or facility within a message, has been provided for this purpose in the related category, for example, MT 707, AMEND in field 22 of the MT 300.

MT496 Answers This message type is:

    • sent by one financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to respond to an MT n95 Queries or MT n92 Request for Cancellation and other messages where no specific message type has been provided for the response. This message should use the same category digit as the related queries message or request for cancellation.

MT498 Proprietary Message This message type is used by financial institutions, with their own offices, with other financial institutions and/or with corporate customers with which they have established bilateral agreements.

It is used as an envelope for a specified message included in it.

It allows for the definition of a unique format for which another message type is not available or applicable.It also allows financial institutions to use message types which are awaiting live implementation on the CAXI system.

MT499 Free Format Message This message type is:

  • used by financial institutions to send or receive information for which another message type is not applicable.
  • used between a corporate and its financial institution for which another message type is not applicable.

The category digit should be chosen so the message will be routed to the unit of the Receiver which is most capable of acting on the information.

This format does not apply to category 4 and 7. For more details, see the relevant category Message Reference Guide for MT 499 and MT 799.

MT500 Instruction to Register This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian), a local agent (sub custodian) which has an account with its clearing agent, or a registration provider or a financial institution which has an account with its local agent (sub custodian).

This message is used to:

  • instruct the registration, deregistration or reregistration of a financial instrument at the registration provider,
  • request the cancellation of a registration instruction previously sent by the account owner (the function of the message is CANC).

The registration instruction may be linked to other settlement instructions, for example, in case the settlement does not take place before the registration process is finished, using the linkages sequence.

MT501 Confirmation of Registration or Modification This message is sent by an account servicer (account servicing institution) to an account owner. The account owner may be a global custodian which has an account with its local agent (sub custodian), a local agent (sub custodian) which has an account with its clearing agent, or a registration provider or a financial institution which has an account with its local agent (sub custodian).

This message is used to:

  • confirm the registration, reregistration or deregistration of a beneficial owner or shareholder with the registration provider (the function of the message is NEWM),
  • confirm the modification of registration details (the function of the message is NEWM),
  • cancel a confirmation of registration or modification previously sent by the account servicer (the function of the message is CANC).
MT502 Order to Buy or Sell This message is sent by an instructing party, for example, a client, or its authorised representative, to an executing party, for example, broker-dealer, or where permitted, directly by an executing party to a point of execution such as an exchange. It may be used in broker-to-broker communications.

This message is used to instruct the executing party to buy or sell a given quantity of a specified financial instrument.

It may also be used to:

  • request the cancellation of a previously sent order
  • replace a previously sent order
  • duplicate an order previously sent
  • provide a third party with a copy of the message (be it the order or a request for cancellation) being sent
MT503 Collateral Claim This message is sent by the collateral taker or its collateral manager to the collateral giver or its collateral manager. This message is also sent by the collateral giver or its collateral manager to the collateral taker or its collateral manager.

When sent by the taker, it is used to:

    • request new collateral at the initiation of an exposure
    • request additional collateral

When sent by the giver, it is used to:

      • request the return of collateral
      • recall the collateral upon the termination of an underlying exposure.

This message is also used by the taker or the giver to request the cancellation of a previously sent collateral claim.

This message must not be used to initiate a substitution of collateral.

The message may also be used to:

    • re-send a message previously sent (Subfunction of the message is DUPL)
    • provide a third party with a copy of the message for information (Subfunction of the message is COPY)
    • re-send to a third party a copy of the message for information (Subfunction of the message is CODU).
MT504 Collateral Proposal This message is sent by the collateral giver or its collateral manager to the collateral taker or its collateral manager to:

    • propose new collateral at the initiation of an exposure
    • propose additional collateral at variation of exposure

This message may or may not be sent as an answer to a collateral claim.

This message is also used by the giver to request the cancellation of a previously sent collateral proposal.

This message must not be used to initiate a substitution.

The message may also be used to:

    • re-send a message previously sent (Subfunction of the message is DUPL)
    • provide a third party with a copy of the message for information (Subfunction of the message is COPY)
    • re-send to a third party a copy of the message for information (Subfunction of the message is CODU).
MT505 Collateral Substitution This message is sent by the collateral giver or its collateral manager to the collateral taker or its collateral manager to propose the substitution of collateral held.

This message is also sent by the collateral taker or its collateral manager to the collateral giver or its collateral manager to request the substitution of collateral held.

This message is also used by the giver or taker to request the cancellation of a previously sent collateral substitution.

The message may also be used to:

  • re-send a message previously sent (Subfunction of the message is DUPL)
  • provide a third party with a copy of the message for information (Subfunction of the message is COPY)
  • re-send to a third party a copy of the message for information (Subfunction of the message is CODU).
MT506 Collateral and Exposure Statement This message is sent either by the collateral giver, or its collateral manager, to the collateral taker, or its collateral manager, or by the collateral taker, or its collateral manager to the collateral giver, or its collateral manager.

It is used to provide the details of the valuation of both the collateral or the exposure or both.

This message is also used by the taker or the giver to request the cancellation of a previously sent collateral and exposure statement.

This message must not be used to claim collateral but may be used in support of a claim.

The message may also be used to:

  • re-send a message previously sent (Subfunction of the message is DUPL)
  • provide a third party with a copy of the message for information (Subfunction of the message is COPY)
  • re-send to a third party a copy of the message for information (Subfunction of the message is CODU).
MT507 Collateral Status and Processing Advice This message is sent by the Receiver of a collateral claim, a collateral proposal or a proposal/request for collateral substitution.

It is used to advise the status of the received message.

It may also be used to:

  • reject a collateral claim, collateral proposal or the proposal/request of a collateral substitution
  • accept a collateral claim, collateral proposal or the proposal/request of a collateral substitution
  • advise the settlement details of proposed collateral
  • reply to a cancellation request previously sent by the Receiver
  • re-send a message previously sent (Subfunction of the message is DUPL)
  • provide a third party with a copy of the message for information (Subfunction of the message is COPY)
  • re-send to a third party a copy of the message for information (Subfunction of the message is CODU)
MT508 Intra-Position Advice This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to confirm the increase or decrease in securities with a given status within a holding, that is, intra-position transfer.

MT509 Trade Status Message This message is sent by an instructing party or its authorised representative to an executing party or by an executing party to the instructing party or its authorised representative. It may also be sent by an instructing party to its custodian to inform of an update in the trade status of a previously sent settlement instruction.

This message is used to:

  • advise the status of an order/trade.
  • advise the status of a replacement request
  • advise the status of a cancellation request.

It may also be used to:

    provide a third party with a copy of the status message being sent

This message may be sent directly or through an ETC service provider between the parties to the deal, or by an ETC service provider.

MT510 Registration Status and Processing Advice This message is sent by an account servicer (account servicing Institution) to an account owner. The account owner may be a global custodian which has an account with its local agent (sub custodian), a local agent (sub custodian) which has an account with its clearing agent or registration provider, a financial institution which has an account with its local agent (sub custodian).

This message is used to:

  • advise the status of a registration instruction or modification previously sent by the account owner (the function of the message is INST),
  • advise the status of the registration process (the function of the message is REGT),
  • reply to a cancellation request previously sent by the account owner (the function of the message is CAST)
MT513 Client Advice Of Execution This message type is sent by the executing party, for example, the broker-dealer, to an instructing party, for example, an institution, or its authorised representative. It may also be sent by a point of execution to the party which had previously submitted an order to buy or sell.

This message is used to provide the instructing party with brief and early information about a deal executed at its instruction. This advice applies to a deal that cannot yet be fully confirmed, for example, because it is a block trade which is to be allocated.

This message may also be used to:

  • request the cancellation of a previously sent advice of execution
  • re-send an advice of execution previously sent
  • provide a third party with a copy of the message (be it the advice of execution or request for cancellation) being sent.

This message may be sent directly or via an ETC service provider between the parties to the deal. It must not be sent to a custodian.

MT514 Trade Allocation Instruction This message is sent by an instructing party, for example, a client, or its authorised representative to an executing party, for example, broker-dealer.

This message is used to instruct the allocation of a block trade. One allocation may be contained in each message. Settlement details are optional and may be provided where standing instructions do not apply or are not available.

It may also be used to:

  • request the cancellation of a previously sent allocation instruction
  • re-send an allocation instruction previously sent
  • provide a third party with a copy of the message (be it the instruction or request for cancellation) being sent
  • provide pre-allocation details which must be linked back to the original order to buy.

This message may be sent directly or via an ETC service provider between parties to the trade. It may also be sent as a copy from the instructing party to the custodian to provide early settlement information, where an agreement to this effect exists.

This message must not be sent from an ETC service provider to a custodian.

MT515 Client Confirmation of Purchase or Sale This message is sent by an executing party, for example, a broker-dealer, to an instructing party, for example, a client, or its authorised representative.

This message is used to confirm the details of a purchase or sale executed by the executing party on behalf of the instructing party. It is also used to provide details on the payment side of the transaction.

It may also be used to:

  • request the cancellation of a previously sent client confirmation
  • re-send a client confirmation previously sent
  • provide a third party with a copy of the message (be it the confirmation or request for cancellation) being sent.

Where legally accepted, this message serves as an electronic contract note which is legally binding on both parties.

Where a block trade has been executed and allocation instructions provided, one client confirmation must be sent per allocation.

This message may be sent directly or via an ETC service provider between parties to the trade. It may also be sent as a copy from the instructing party and/or executing party to their respective custodians, to provide settlement information where an agreement to this effect exists.

This message must not be sent by an ETC service provider to a custodian.

MT516 Securities Loan Confirmation This message type is sent from one financial institution to another, both of which are involved in the lending of securities.

It is used to confirm the details of:

  • a new securities loan
  • a partial recall of securities previously out on loan
  • a partial return of securities previously out on loan
  • the close-out of a securities loan.
MT517 Trade Confirmation Affirmation This message is sent by an instructing party, for example, client, or its authorised representative, to a financial institution which had previously sent a trade confirmation/contract note, for example, broker-dealer.

This message is used to positively affirm the details of a previously received confirmation/contract note. This message binds the Sender and the Receiver of the message to the trade details contained in the confirmation being affirmed.

This message may be sent directly between the parties to the trade or via an ETC service provider.

MT518 Market-Side Securities Trade Confirmation This message is sent by an executing party to its trade counterparty.

It is used to confirm the details of a trade.

It may also be used to:

  • request the cancellation of a previously sent confirmation
  • re-send a confirmation previously sent
  • provide a third party with a copy of the message (be it the confirmation or request for cancellation) being sent.

This message may include, where necessary, the settlement details of the trade.

The market confirmation may be:

  • exchanged directly or via an ETC service provider between two trade counterparties for mutual comparison of the trade details
  • sent by one trade party to allege the trade against its counterparty, either directly or via an ETC service provider.
MT519 Modification of Client Details This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian), a local agent (sub custodian) which has an account with its clearing agent or registration provider or a financial institution which has an account with its local agent (sub custodian).

This message is used to:

  • instruct the modification of client details at the registration provider,
  • request the cancellation of a modification of client details which was previously sent by the account owner (the function of the message is CANC).
MT524 Intra-Position Instruction This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub-custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to instruct the movement of securities within its holding, for example, re-registration of securities

MT526 General Securities Lending/Borrowing Message This message type is sent from one financial institution to another, both of which are involved in the lending of securities.

It is used to:

  • list specified securities available for lending by the lender or its agent
  • list specified securities no longer available for lending by the lender or its agent
  • request the borrowing of a specified security from the lender or its agent
  • notify the borrower or its agent of a partial or total return of the securities out on loan
  • notify the lender or its agent of a partial or total return of the securities borrowed
  • request the potential lender to hold the specified securities until further notice
  • confirm that specified securities are being held
  • request the potential borrower to confirm a securities loan or cancel a request to hold securities until further notice.
MT527 Triparty Collateral Instruction This message is sent by a trading party to its triparty agent to instruct the agent to perform a specific action on a collateral management transaction.

It is also sent by an account owner to an account servicer where the account servicer manages the account at the triparty agent on behalf of the trading party. The account owner may be a global custodian which manages an account with a triparty agent on behalf of their client or an investment management institution or a broker/dealer which has an account with their custodian.

This message is also used to request the cancellation of a previously sent Triparty Collateral Instruction.

The message may also be used to:

  • re-send a message previously sent (Subfunction of the message is DUPL)
  • provide a third party with a copy of the message for information (Subfunction of the message is COPY)
  • re-send to a third party a copy of the message for information (Subfunction of the message is CODU)
MT530 Transaction Processing Command This message is sent by an account owner to an account servicer (account servicing institution). The account owner will generally be a financial institution that has an account with a local Central Securities Depository (CSD) or with an International Central Securities Depository (ICSD).

It is used to request the modification of a processing indicator or other non-matching information. In markets where this applies (for example, securities market infrastructures with no pre-settlement matching process), it is used by a party to approve, cancel or reject a transaction instructed by the counterparty.

MT535 Statement of Holdings This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to report, at a specified moment in time, the quantity and identification of financial instruments which the account servicer maintains for the account owner.

The statement is used to reconcile the books of the account owner and the account servicer for the specified safekeeping account or sub-safekeeping account.

This message may also be used to respond to a request for statement/status advice, that is, the MT 549 Request for Statement/Status Advice and to report that there are no holdings.

The custody statement is used for position reconciliation purposes. It may also report availability and/or the location of the financial instruments to facilitate trading and minimise settlement issues. The holdings may be valuated or not.

The accounting statement provides valuations of a financial instrument portfolio with valuation details for each instrument; this information can either be audited or un-audited. It is typically not used for trading purposes.

MT536 Statement of Transactions This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to provide the details of increases and decreases of holdings which occurred during a specified period, for all or selected securities in the specified safekeeping account or sub-safekeeping account which the account servicer holds for the account owner.

This message may be used as a trade date based (:22F::STBA//TRAD) or a settlement date based statement (22F::STBA//SETT).

This message may also be used to respond to a request for statement/status advice, that is, the MT 549 Request for Statement/Status Advice and to report that there are no transactions for the specified period of time.

MT537 Statement of Pending Transactions This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to provide, as at a specified time, the details of pending increases and decreases of holdings, for all or selected securities in a specified safekeeping account, for all or selected reasons why the transaction is pending.

The statement may also include future settlement or forward transactions which have become binding on the account owner.

This message may also be used to respond to a request for statement/status advice, that is, the MT 549 Request for Statement/Status Advice and to report that there are no pending transactions.

MT538 Statement of Intra-Position Advices This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to provide the details of increases and decreases in securities with a given status within a holding, that is, inter-position transfers, which occurred during a specified period, for all or selected securities in a specified safekeeping account which the account servicer holds for the account owner.

This message may also be used to respond to a request for statement/status advice, that is, the MT 549 Request for Statement/Status Advice and to report that there are no increases and decreases within a holding.

MT540 Receive Free This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to:

  • instruct the receipt of financial instruments free of payment, physically or by book-entry, from a specified party (the function of the message is NEWM)
  • request the cancellation of a receive free of payment instruction previously sent by the account owner (the function of the message is CANC)
  • pre-advise the account servicer of a forthcoming receive free of payment instruction (the function of the message is PREA).

The instruction may be linked to other settlement instructions, for example, for a turnaround or back-to-back, or other transactions, for example, foreign exchange deal, using the linkages sequence.

MT541 Receive Against Payment This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to:

  • instruct the receipt of financial instruments against payment, physically or by book-entry, from a specified party (the function of the message is NEWM)
  • request the cancellation of a receive against payment instruction previously sent by the account owner (the function of the message is CANC)
  • pre-advise the account servicer of a forthcoming receive against payment instruction (the function of the message is PREA).

The instruction may be linked to other settlement instructions, for example, for a turnaround or back-to-back, or other transactions, for example, foreign exchange deal, using the linkages sequence.

MT542 Deliver Free This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to:

  • instruct the delivery of financial instruments free of payment, physically or by book-entry, to a specified party (the function of the message is NEWM)
  • request the cancellation of a deliver free of payment instruction previously sent by the account owner (the function of the message is CANC)
  • pre-advise the account servicer of a forthcoming deliver free of payment instruction (function of the message is PREA).

The instruction may be linked to other settlement instructions, for example, for a turnaround or back-to-back, or other transactions, for example, foreign exchange deal, using the linkages sequence.

MT543 Deliver Against Payment This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to:

  • instruct the delivery of financial instruments against payment, physically or by book-entry, to a specified party (the function of the message is NEWM)
  • request the cancellation of a deliver against payment instruction previously sent by the account owner (the function of the message is CANC)
  • pre-advise the account servicer of a forthcoming deliver against payment instruction (the function of the message is PREA).

The instruction may be linked to other settlement instructions, for example, for a turnaround or back-to-back, or other transactions, for example, foreign exchange deal, using the linkages sequence.

MT544 Receive Free Confirmation This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to:

  • confirm the receipt of financial instruments free of payment, physically or by book-entry, from a specified party (the function of the message is NEWM)
  • cancel a confirmation of a receipt free of payment previously sent by the account servicer (the function of the message is CANC)
  • reverse a confirmation of a receipt free of payment previously sent by the account servicer (the function of the message is RVSL).

The message is also used to pre-confirm settlement or to confirm a partial settlement of a receipt of financial instruments free of payment.

MT545 Receive Against Payment Confirmation This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to:

  • confirm the receipt of financial instruments against payment, physically or by book-entry, from a specified party (the function of the message is NEWM)
  • cancel a confirmation of a receipt against payment previously sent by the account servicer (the function of the message is CANC)
  • reverse a confirmation of a receipt against payment previously sent by the account servicer (the function of the message is RVSL).

The message is also used to pre-confirm settlement or to confirm a partial settlement of a receipt of financial instruments against payment.

MT546 Deliver Free Confirmation This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to:

  • confirm the delivery of financial instruments free of payment, physically or by book-entry, from a specified party (the function of the message is NEWM)
  • cancel a confirmation of a delivery free of payment previously sent by the account servicer (the function of the message is CANC)
  • reverse a confirmation of a delivery free of payment previously sent by the account servicer (the function of the message is RVSL).

The message is also used to pre-confirm settlement or to confirm a partial settlement of a delivery of financial instruments free of payment.

MT547 Deliver Against Payment Confirmation This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to:

  • confirm the delivery of financial instruments against payment, physically or by book-entry, from a specified party (the function of the message is NEWM)
  • cancel a confirmation of a delivery against payment previously sent by the account servicer (the function of the message is CANC)
  • reverse a confirmation of a delivery against payment previously sent by the account servicer (the function of the message is RVSL).

The message is also used to pre-confirm settlement or to confirm a partial settlement of a delivery of financial instruments against payment.

MT548 Settlement Status and Processing Advice This message is sent by an account servicer (account servicing Institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to advise the status of a settlement instruction previously sent by the account owner (the function of the message is INST).

The message may also be used to report on future settlement or forward transactions, for example, free receipts for which no instruction is required, which have become binding on the account owner.

The underlying instruction must be either a deliver or receive and be either free or against payment.

It is also used to reply to a cancellation request previously sent by the account owner (the function of the message is CAST).

MT549 Request for Statement/Status Advice This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

It is used to request one of the following statements:

  • Collateral and Exposure Statement (MT 506)
  • Statement of Holdings (MT 535)
  • Statement of Transactions (MT 536)
  • Statement of Pending Transactions (MT 537)
  • Triparty Collateral and Exposure Statement (MT 569)
  • Statement of Intra-Position Advices (MT 538)
  • Report of Combined Activity (MT 575)
  • Statement of Open Orders (MT 576)
  • Statement of Numbers (MT 577)
  • Statement of Settlement Allegements (MT 586)

It is also used to request one of the following status messages:

  • Collateral Status and Processing Advice (MT 507)
  • Trade Status (MT 509)
  • Settlement Status and Processing Advice (MT 548)
  • Corporate Actions Status and Processing Advice (MT 567)
  • Registration Status and Processing Advice (MT 510)
  • Triparty Collateral Status and Processing Advice (MT 558)
MT558 Triparty Collateral Status and Processing Advice This message is sent by a triparty agent after the receipt of a collateral instruction from its client.

In this message, the Sender is the triparty agent and the Receiver is either the collateral taker or the collateral giver or their account servicer.

This message provides valuation results as well as the status of the collateral instruction and the status of the proposed collateral movements (cash and securities).

The message may also be used to:

  • re-send a message previously sent (Subfunction of the message is DUPL)
  • provide a third party with a copy of the message for information (Subfunction of the message is COPY)
  • re-send to a third party a copy of the message for information (Subfunction of the message is CODU)
MT559 Paying Agent’s Claim This message type is sent by a financial intermediary, acting as a paying agent, to a second financial intermediary.

It is used to claim reimbursement of income or redemption proceeds, or a combination of both. Additionally, this message may accommodate a claim for payment of the principal paying agent’s fees and expenses.

MT564 Corporate Action Notification This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to provide an account owner with the details of a corporate action event along with the possible elections or choices available to the account owner. It can be initially sent as a preliminary advice and subsequently replaced by another MT 564 with complete or confirmed information.

This message will also be used to provide the account owner with details of the impact a corporate action event will have on a safekeeping or cash account, for example, entitlement calculation.

This message may also be used to provide the account owner with a preliminary advise of upcoming postings or reversal of securities and/or cash postings.

This message may also be sent by an information provider, such as a market data provider or a stock exchange, to provide details of a corporate action event.

This message may also be used to:

  • request the cancellation of a previously sent corporate action notification
  • re-send a corporate action notification previously sent
  • provide a third party with a copy of the message.
MT565 Corporate Action Instruction This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to provide the custodian with instructions on how the account owner wishes to proceed with a corporate action event. Instructions include investment decisions regarding the exercise of rights issues, the election of stock or cash when the option is available, and decisions on the conversion or tendering of securities.

This message may also be used to:

  • request the cancellation of a previously sent corporate action instruction
  • re-send a corporate action instruction previously sent
  • provide a third party with a copy of the message.
MT566 Corporate Action Confirmation This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to confirm to the account owner that securities and/or cash have been credited/debited to an account as the result of a corporate action event.

This message may also be used to:

  • reverse a previously sent corporate action confirmation
  • re-send a corporate action confirmation previously sent
  • provide a third party with a copy of the message.
MT567 Corporate Action Status and Processing Advice This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to advise the status, or a change in status, of a corporate action-related transaction previously instructed by, or executed on behalf of, the account owner. This will include the acknowledgement/rejection of a corporate action instruction or the acknowledgement/rejection of a request to cancel an outstanding instruction. It may also be used to provide a reason as to why a corporate action event has not been completed by the announced payment dates.

This message may also be used to:

  • re-send a corporate action status previously sent
  • provide a third party with a copy of the message.
MT568 Corporate Action Narrative This message is sent between an account owner and an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian. This message is bi-directional.

This message is used to provide complex instructions or narrative details relating to a corporate action event.

This message may also be sent by an information provider, such as a market data provider or a stock exchange, to provide details of a corporate action event.

This message may also be used to:

  • cancel a previously sent corporate action narrative
  • re-send a corporate action narrative previously sent
  • provide a third party with a copy of the message.
MT569 Triparty Collateral and Exposure Statement This message is sent by a triparty agent to both the collateral giver and the collateral taker or to an account servicer, who manage the account at the triparty agent on behalf of a trading party, in the following circumstances:

  • after all collateral movements have been affected (after settlement-initiated) to show the end (fixed) positions (current status) or,
  • taking into account all collateral management instructions (including pending initiation and/or initiated.

This message is sent to provide the details of the valuation of both the collateral and the exposure.

MT574.IRSLST IRS 1441 NRA-IRS Beneficial Owners’ List The appropriate format validation of the IRS Beneficial Owners’ List of the MT 574 IRS 1441 NRA is triggered by the code IRSLST in field 119 ({3:{119:IRSLST}}) of the user header of the message (block 3).

IRS Beneficial Owners’ List: Scope

This message is sent by a Non-Qualified Intermediary (NQI) to its Withholding Agent or by a Qualifier Intermediary to its US Custodian at the beginning of the year or prior to a payment of a reportable amount.

This message is used as an income report to provide owner or pooled income information for a period of time arranged between the intermediary and the withholding agent.

More generally, this message can be sent to provide beneficial owner information required to process withholding tax reclaims and applications for relief at source.

This message may also be used to:

  • request the cancellation of a previously sent IRS Beneficial Owners’ List.
  • replace a previously sent IRS Beneficial Owners’ List if a change in circumstances makes any information about the IRS Beneficial Owners’ List you have submitted incorrect.
MT574.W8BENO IRS 1441 NRA-Form W8-BEN The appropriate format validation of the IRS Form W8-BEN of the MT 574 IRS 1441 NRA is triggered by the code W8BENO in field 119 ({3:{119:W8BENO}}) of the user header of the message (block 3).
MT575 Report of Combined Activity This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is intended to provide a summary of all cash and securities activity:

  • for a given safekeeping account linked to one cash account (maintaining separate cash sub-accounts by currency), or
  • for a given safekeeping account linked to multiple cash accounts (maintaining separate cash sub-accounts by currency), or
  • for a given cash account (maintaining separate cash sub-accounts by currency) linked to multiple safekeeping accounts.

The transaction activity contained in the report includes all transactions which have been settled or booked to the safekeeping account(s) for a specified period. Booked transactions are those that have been contractually posted (including those that may not have yet settled in the local market) and have affected the portfolios cash position. This report must not include pending transactions in the receivable or payable ledgers nor may it include settled transactions that have a future settlement date; pending transactions are included in the MT 537 Statement of Pending Transactions.

The report lists all activities by currency. So called, ‘free’ asset movement, for example, dividends in the form of securities, must appear in the free asset movement sequence.

All currencies for which there was an activity must also be reported. When there are no activities to be reported, the activity flag, in sequence A must be used. In sequence B, a separate activity flag can be used per cash account (where multiple cash accounts are linked to one safekeeping account).

The frequency of the report must be bilaterally agreed between the account servicer and the account owner.

The message may be used to respond to a request for statement, that is, the MT 549 Request for Statement/Status Advice.

MT576 Statement of Open Orders This message is sent by an executing party, for example, a broker-dealer, which has accepted one or several orders to buy or sell financial instruments, to an instructing party, for example, a client, or its authorised agent. Where permitted, it may also be sent by a point of execution, for example, an exchange, to list open orders.

This message identifies, as at a specific date, orders which have not yet been legally agreed or fully executed. It may include all open orders or selected open orders by financial instrument in all or selected safekeeping accounts or sub-accounts.

MT577 Statement of Numbers This message type is sent by a custodian to a financial institution for which it holds securities.

It is used to provide certificate numbers of securities.

This is a stand-alone message and does not supplement any other message.

MT578 Settlement Allegement This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to advise the account owner that a counterparty has alleged an instruction against account owner’s account at the account servicer and the account servicer could not find the corresponding instruction of the account owner (the function of the message is NEWM).

MT579 Certificate Numbers This message type is sent by a custodian to a financial institution for which it holds securities.

It is used only to replace or supplement the certificate numbers field (field 35E or 35F) in a primary message and therefore can be sent only on the same day as that primary message.

MT581 Collateral Adjustment Message This message type is sent from one financial institution to another, both of which are involved in a securities transaction for which collateral has been provided, for example, a securities loan.

It is used to claim or notify an increase or decrease to the collateral amount resulting from a change in the value of the existing collateral amount relative to the securities on loan.

MT586 Statement of Settlement Allegements This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

It is used to provide, as at a specified time, details of pending settlement allegements, for all or selected securities in a specified safekeeping account.

When bilaterally agreed, this message may also be sent by an account servicer to another account servicer. The account servicers may be local agents or global custodians acting on behalf of an investment management institution, a broker/dealer or a retail client.

Sent with subfunction :23G::NEWM/PORT, it is used for the exchange of settlement details information during a retail or institutional client portfolio transfer. By exchange of settlement details, it is understood the providing, by the delivering account servicer to the receiving account servicer, of the settlement details (trade date, settlement date, delivering parties, and place of settlement) of the individual transfers that will take place during a full or partial portfolio transfer.

This message may also be used to respond to a request for statement/status advice (that is, the MT 549) and to report that there are pending settlement allegements.

MT590 Advice of Charges, Interest and Other Adjustments

This message type is sent by an account servicing institution to the account owner.

MT591 Request for Payment of Charges, Interest and Other Expenses

This message type is sent by a financial institution to another financial institution.

MT592 Request for Cancellation This message is:

  • sent by a financial institution to request a second financial institution to consider cancellation of the SWIFT message identified in the request.
  • sent by a corporate customer to request a financial institution to consider cancellation of the SWIFT message identified in the request.
  • If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, that is, reversal, with the beneficiary’s consent.
MT595 Queries This message type is:

    • sent by a financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to request information or clarification relating to a previous SWIFT or non-SWIFT message or to one or more transactions contained therein.

A query may also be sent to request that an amendment be made to a previous message, except in those cases where a specific message, or facility within a message, has been provided for this purpose in the related category, for example, MT 707, AMEND in field 22 of the MT 300.

MT596 Answers This message type is:

    • sent by one financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to respond to an MT n95 Queries or MT n92 Request for Cancellation and other messages where no specific message type has been provided for the response. This message should use the same category digit as the related queries message or request for cancellation.

MT598 Proprietary Message This message type is used by financial institutions, with their own offices, with other financial institutions and/or with corporate customers with which they have established bilateral agreements.

It is used as an envelope for a specified message included in it.

It allows for the definition of a unique format for which another message type is not available or applicable.It also allows financial institutions to use message types which are awaiting live implementation on the CAXI system.

MT599 Free Format Message This message type is:

  • used by financial institutions to send or receive information for which another message type is not applicable.
  • used between a corporate and its financial institution for which another message type is not applicable.

The category digit should be chosen so the message will be routed to the unit of the Receiver which is most capable of acting on the information.

This format does not apply to category 4 and 7. For more details, see the relevant category Message Reference Guide for MT 499 and MT 799.

Category 6  –  Commodities, Syndication and Reference Data

MT600 Commodity Trade Confirmation This message type is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to a commodity trade. This message is also used when one of the trading parties is a fund manager.

It is used to confirm the details of:

  • a new contract between the parties
  • an amendment to a previously agreed contract
  • the cancellation of a contract
  • the settlement of a commodity option which has been exercised.

This message may also be exchanged to confirm the liquidation of a forward deal.

In some cases, only one of the financial institutions involved in a contract will send a confirmation to the second financial institution. These cases include:

  • retransmission due to errors in a previously sent confirmation
  • additional information about a previously confirmed contract, (for example, to provide the name of the party in field 57a and/or 87a, in those cases where the previous confirmation contained the code UNKNOWN).

It may also be used to report the details of a contract to a trade repository.

MT601 Commodity Option Confirmation This message type is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to a commodity option contract. This message is also used when one of the parties is a fund manager.

It is used to confirm the details of

  • a new contract between the parties
  • an amendment to a previously agreed contract
  • the cancellation of a contract
  • the surrender of an option by the buyer (holder) to the seller (grantor) for compensation.

In some cases, only one of the financial institutions involved in a contract will send a confirmation to the second financial institution. These cases include:

  • retransmission due to errors in a previously sent confirmation
  • additional information about a previously confirmed contract.

It may also be used to report the details of a contract to a trade repository.

MT604 Commodity Transfer/Delivery Order This message is sent by the owner of a commodity account or its authorised agent to the commodity account servicing institution.

It is used to instruct the Receiver to transfer by book entry, or physically deliver, specified quantities of allocated or unallocated commodities to a specified party.

MT605 Commodity Notice to Receive This message is sent by the owner of a commodity account or its authorised agent to the commodity account servicing institution.

It notifies the Receiver of the impending delivery/transfer of specified quantities of commodity, physically or by book entry, to be held for, or credited to, the account serviced for the Sender or the party specified in field 88a for which the Sender is an authorised agent.

MT606 Commodity Debit Advice This message is sent by the commodity account servicing institution to the account owner or its authorised agent.

It is used to advise the Receiver of an entry which has been debited to its account or an account for which the Receiver is an authorised agent.

MT607 Commodity Credit Advice This message is sent by the commodity account servicing institution to the account owner or its authorised agent.

It is used to advise the Receiver of an entry which has been credited to its account or an account for which the Receiver is an authorised agent.

MT608 Statement of a Commodity Account This message is sent by a commodity account servicing institution to the commodity account owner or its authorised agent.

It is used to advise the Receiver of transactions booked to a commodity account.

This statement message contains all bookings present in the account, whether caused by a message received via SWIFT or by some other means.

MT609 Statement of Commodity Contracts This message is sent by a commodity trader to its counterparty.

It is a listing of all undelivered spots and/or outstanding forward contracts, and/or unexercised options, as at a specified date.

MT620 Commodity Fixed Loan/Deposit Confirmation This message is exchanged to confirm a commodity fixed term loan/deposit contract.

The message is used to confirm/notify the details of:

  • a new contract between the parties
  • an amendment to a previously agreed contract
  • the cancellation of a confirmation
  • a rolled over/renewed contract between the parties
  • the maturity of a contract.

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, who have agreed to a commodity fixed term loan/deposit contract.

MT643 Notice of Drawdown/Renewal This message type is sent by the agent of the facility to the providers of funds.

It gives notice of the borrower(s)’ request for drawdown(s)/renewal(s) on a given date. This request may require the provision of new funds or the reborrowing of previously disbursed funds.

The MT 643 allows for the handling of drawdown(s)/renewal(s) with differing characteristics. It specifies the currency(ies), amount(s), period(s) and interest rate origin(s).

MT644 Advice of Rate and Amount Fixing This message type is sent by the agent of the facility to the providers of funds.

It specifies the interest rate applicable for a drawdown/renewal for a specified interest period, whether the end date of that period is set or not. When applicable, this message type will also set the exchange rate.

MT646 Payment of Principal and/or of Interest This message type is sent by the agent of a facility to the providers of funds.

It provides advice of payments and/or prepayments of principal and/or payment of interest on the same value date, which are not related to any subsequent drawing or renewal. It specifies, to the Receiver, amounts with respect to principal and/or interest.

MT649 General Syndicated Facility Message This message type may be sent by any financial institution involved in a facility to another financial institution in the facility.

It is used for any communications related to syndicated facilities for which specific message types have not been defined.

This message type may be used throughout the life of the facility.

MT670 Standing Settlement Instruction Update Notification Request The MT 670 Standing Settlement Instruction (SSI) Update Notification Request message is sent by an institution to CAXI. It is an instruction to CAXI to create the MT 671 Standing Settlement Instruction Update Notification for forwarding to:

  • one or more institutions or
  • all the institutions in one or more countries or
  • all institutions.

The MT 670 is used to specify standing cash settlement information for the Sender’s own account or on behalf of another party. The party and account information in the SSI is then used in FX confirmations, payments messages, etc.

MT671 Standing Settlement Instruction Update Notification The MT 671 Standing Settlement Instruction (SSI) Update Notification message is sent by CAXI to an institution as a result of receiving an MT 670 Standing Settlement Instruction Update Notification Request. The MT 671 is created from the corresponding MT 670. The MT 671 is a notification of an SSI update from the party identified in the message as the Submitting Party to:

  • one or more institutions or
  • all institutions in one or more countries or
  • all institutions.

The MT 671 specifies standing cash settlement information for the account of the Submitting Party or on behalf of another party. The party and account information in the SSI is then used in FX confirmations, payments messages, etc.

MT690 Advice of Charges, Interest and Other Adjustments

This message type is sent by an account servicing institution to the account owner.

MT691 Request for Payment of Charges, Interest and Other Expenses

This message type is sent by a financial institution to another financial institution.

MT692 Request for Cancellation This message is:

  • sent by a financial institution to request a second financial institution to consider cancellation of the CAXI message identified in the request.
  • sent by a corporate customer to request a financial institution to consider cancellation of the CAXI message identified in the request.
  • If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, that is, reversal, with the beneficiary’s consent.
MT695 Queries This message type is:

    • sent by a financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to request information or clarification relating to a previous CAXI or non-CAXI message or to one or more transactions contained therein.

A query may also be sent to request that an amendment be made to a previous message, except in those cases where a specific message, or facility within a message, has been provided for this purpose in the related category, for example, MT 707, AMEND in field 22 of the MT 300.

The category digit of the MT n95 Queries must be:

    • If related to a CAXI message, the category digit of the related message.
    • If not related to a CAXI message, the category digit which best describes the business purpose of the message.
MT695 Answers This message type is:

    • sent by a financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to request information or clarification relating to a previous CAXI or non-CAXI message or to one or more transactions contained therein.

A query may also be sent to request that an amendment be made to a previous message, except in those cases where a specific message, or facility within a message, has been provided for this purpose in the related category, for example, MT 707, AMEND in field 22 of the MT 300.

The category digit of the MT n95 Queries must be:

    • If related to a CAXI message, the category digit of the related message.
    • If not related to a CAXI message, the category digit which best describes the business purpose of the message.
MT698 Proprietary Message This message type is used by financial institutions, with their own offices, with other financial institutions and/or with corporate customers with which they have established bilateral agreements.

It is used as an envelope for a specified message included in it.

It allows for the definition of a unique format for which another message type is not available or applicable.It also allows financial institutions to use message types which are awaiting live implementation on the CAXI system.

MT699 Free Format Message This message type is:

  • used by financial institutions to send or receive information for which another message type is not applicable.
  • used between a corporate and its financial institution for which another message type is not applicable.

The category digit should be chosen so the message will be routed to the unit of the Receiver which is most capable of acting on the information.

This format does not apply to category 4 and 7. For more details, see the relevant category Message Reference Guide for MT 499 and MT 799.

Category 7  –  Documentary Credits and Guarantees

MT700 Issue of a Documentary Credit This message is sent by the issuing bank to the advising bank.

It is used to indicate the terms and conditions of a documentary credit which has been originated by the Sender (issuing bank).

MT701 Issue of a Documentary Credit This message is sent by the issuing bank to the advising bank.

It is used to indicate the terms and conditions of a documentary credit which has been originated by the Sender (issuing bank).

This message is sent in addition to an MT 700 Issue of a Documentary Credit, when the information in the documentary credit exceeds the maximum input message length of the MT 700.

MT705 Pre-Advice of a Documentary Credit This message is sent by the issuing bank to the advising bank.

It is a brief advice of a documentary credit, the full details of which will follow.

The pre-advice is not an operative credit instrument. Unless otherwise stated, the issuing bank must forward the operative credit instrument, that is, MT 700 Issue of a Documentary credit, without delay.

MT707 Amendment to a Documentary Credit This message is sent by the issuing bank to the advising bank. It may also be sent by an advising bank to another advising bank or by a transferring bank to an advising bank.

It is used to inform the Receiver about amendments to the terms and conditions of a documentary credit issued by the Sender or by a third bank.

The amendment is to be considered as part of the documentary credit, unless the MT 707 is used to convey only brief details of the amendment, details of which are to follow.

MT710 Advice of a Third Bank’s or a Non-Bank’s Documentary Credit This message is sent by an advising bank, which has received a documentary credit from the issuing bank or the non-bank issuer, to the bank advising the beneficiary or another advising bank.

It is used to advise the Receiver about the terms and conditions of a documentary credit.

MT711 Advice of a Third Bank’s or a Non-Bank’s Documentary Credit his message is sent by an advising bank, which has received a documentary credit from the issuing bank or the non-bank issuer, to the bank advising the beneficiary or another advising bank.

It is used to advise the Receiver about the terms and conditions of a documentary credit.

This message is sent in addition to an MT 710 Advice of a Third Bank’s or a Non-Bank’s Documentary Credit, when the information in the documentary credit exceeds the maximum input message length of the MT 710.

MT720 Transfer of a Documentary Credit When a beneficiary has requested the transfer of a documentary credit – originally issued by a bank or a non-bank – to a second beneficiary, this message is sent by the bank authorised to advise the transfer of the documentary credit, to the bank advising the second beneficiary.

It is used to advise the Receiver about the terms and conditions of the transferred documentary credit, or part thereof.

MT721 Transfer of a Documentary Credit When a beneficiary has requested the transfer of a documentary credit – originally issued by a bank or a non-bank – to a second beneficiary, this message is sent by the bank authorised to advise the transfer of the documentary credit, to the bank advising the second beneficiary.

It is used to advise the Receiver about the terms and conditions of the transferred documentary credit, or part thereof.

This message is sent in addition to an MT 720 Transfer of a Documentary Credit, when the information in the documentary credit exceeds the maximum input message length of the MT 720.

MT730 Acknowledgement This message is used to acknowledge receipt of any documentary credit message. When applicable, it may also explicitly indicate that the message has been forwarded according to instructions.

This message type may also be used:

  • to account for bank charges
  • to advise of acceptance or rejection of an amendment of a credit.
MT732 Advice of Discharge This message is sent by the issuing bank to the paying/negotiating or accepting bank.

It may also be sent by the paying/accepting/negotiating bank to the bank from which it has received documents.

It is used to advise the Receiver that the documents received with discrepancies have been taken up.

MT734 Advice of Refusal This message is sent by the issuing bank to the bank from which it has received documents related to a documentary credit. It may also be sent by the bank nominated to pay/accept/negotiate/incur a deferred payment undertaking to the bank from which it has received documents.

It is used to advise the Receiver that the Sender considers the documents, as they appear on their face, not to be in accordance with the terms and conditions of the credit and that, consequently, it refuses them for the discrepancies stated. The Sender also provides the Receiver with details regarding the disposal of the documents.

This message type may also be used for claiming a refund.

MT740 Authorisation to Reimburse This message is sent by the issuing bank to the reimbursing bank.

It is used to request the Receiver to honour claims for reimbursement of payment(s) or negotiation(s) under a documentary credit.

The MT 740 authorises the reimbursing bank to debit the account of the Sender, or one of the Sender’s branches if so indicated, for reimbursements effected in accordance with the instructions in the MT 740.

MT742 Reimbursement Claim This message is sent by the paying/negotiating bank to the bank authorised to reimburse the Sender for its payments/negotiations.

It is used to claim reimbursement of payment(s) or negotiation(s) under a documentary credit, as relevant to the reimbursing bank.

MT747 Amendment to an Authorisation to Reimburse This message is sent by the bank which has issued an authorisation to reimburse (issuing bank) to the reimbursing bank.

It is used to inform the Receiver about amendments to the terms and conditions of the credit relevant to the authorisation to reimburse.

The amendment is to be considered as part of the authorisation to reimburse.

MT750 Advice of Discrepancy This message is sent by the bank to which documents have been presented, to the issuing bank. It may also be sent to a bank nominated to pay/accept/negotiate/incur a deferred payment undertaking.

It is used to advise the Receiver that documents which have been presented are not in accordance with the terms and conditions of the credit.

The MT 750 is a request for authorisation to take up documents. Authorisation may be provided using an MT 752 Authorisation to Pay, Accept or Negotiate; a negative reply to the request may be provided using an MT 796 Answers.

MT752 Authorisation to Pay, Accept or Negotiate This message is sent by the issuing bank, or the nominated bank if so authorised by the issuing bank, to a paying/accepting/negotiating bank in response to a request for authorisation to pay/accept/negotiate/incur a deferred payment undertaking previously requested via an MT 750 Advice of Discrepancy or otherwise.

It is used to advise the Receiver that documents may be taken up, notwithstanding the discrepancies, provided they are otherwise in order.

MT754 Advice of Payment/Acceptance/Negotiation This message is sent by the paying, accepting or negotiating bank, or the bank incurring a deferred payment undertaking, to the issuing bank. It may also be sent by the bank to which documents have been presented to a bank that has been nominated to pay/accept.

It is used to advise the Receiver that documents were presented in accordance with the credit terms and are being forwarded as instructed.

The MT 754 may also be used:

  • for the settlement of the payment/negotiation
  • as a pre-notification of a reimbursement claim from the claiming bank to the issuing bank
  • as a pre-debit notification from the claiming bank to the issuing bank.
MT756 Advice of Reimbursement or Payment This message is sent by the issuing bank to the bank from which it has received documents or by the reimbursing bank to the bank from which it has received a reimbursement claim. It may also be sent by the bank nominated to pay/accept/negotiate/incur a deferred payment undertaking to the bank from which it has received documents.

It is used to advise the Receiver about reimbursement or payment, to that bank, for a drawing under a documentary credit for which no specific reimbursement instructions or payment provisions were provided.

The account relationship between the Sender and the Receiver is used unless otherwise expressly stated in the message.

MT760 Guarantee/Standby Letter of Credit This message is sent between banks involved in the issuance of a guarantee.

It is used to issue a guarantee or to request the Receiver to issue a guarantee.

This message may also be used for Standby Letters of Credit.

MT767 Guarantee/Standby Letter of Credit Amendment This message is sent by a bank which has issued a guarantee to the bank to which the guarantee was issued. It may also be sent by a bank which has requested the issuance of a guarantee to the bank to which the request for a guarantee was sent.

It is used to amend or request the amendment of the guarantee.

This message may also be used for Standby Letters of Credit.

MT768 Acknowledgement of a Guarantee/Standby Message This message type is sent by a bank which has received a guarantee to the bank which issued the guarantee or an amendment thereto. It may also be sent by a bank which has been requested to issue a guarantee to the bank which requested the guarantee or an amendment thereto.

It is used to acknowledge receipt of any message relating to a guarantee and, where applicable, to indicate that action has been taken according to the instructions.

This message may also be used for Standby Letters of Credit.

The Sender’s charges may also be accounted for in this message.

MT769 Advice of Reduction or Release This message is sent by a bank which has received a guarantee to the bank which has issued the guarantee. It may also be sent by a bank which has been requested to issue a guarantee to the bank which requested the issuance of the guarantee.

This message may also be used for Standby Letters of Credit.

It is used to advise the Receiver that it has been released of all liability for the amount specified in field 33B or field 39C.

The Sender’s charges may also be accounted for in this message.

MT790 Advice of Charges, Interest and Other Adjustments

This message type is sent by an account servicing institution to the account owner.

MT791 Request for Payment of Charges, Interest and Other Expenses

This message type is sent by a financial institution to another financial institution.

MT792 Request for Cancellation This message is:

  • sent by a financial institution to request a second financial institution to consider cancellation of the SWIFT message identified in the request.
  • sent by a corporate customer to request a financial institution to consider cancellation of the SWIFT message identified in the request.
  • If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, that is, reversal, with the beneficiary’s consent.
MT795 Queries This message type is:

    • sent by a financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to request information or clarification relating to a previous CAXI or non-CAXI message or to one or more transactions contained therein.

A query may also be sent to request that an amendment be made to a previous message, except in those cases where a specific message, or facility within a message, has been provided for this purpose in the related category, for example, MT 707, AMEND in field 22 of the MT 300.

MT796 Answers This message type is:

    • sent by one financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to respond to an MT n95 Queries or MT n92 Request for Cancellation and other messages where no specific message type has been provided for the response. This message should use the same category digit as the related queries message or request for cancellation.

MT798 Proprietary Message This message type is used by financial institutions, with their own offices, with other financial institutions and/or with corporate customers with which they have established bilateral agreements.

It is used as an envelope for a specified message included in it.

It allows for the definition of a unique format for which another message type is not available or applicable.It also allows financial institutions to use message types which are awaiting live implementation on the CAXI system.

MT799 Free Format Message This message type is:

  • used by financial institutions to send or receive information for which another message type is not applicable.
  • used between a corporate and its financial institution for which another message type is not applicable.

The category digit should be chosen so the message will be routed to the unit of the Receiver which is most capable of acting on the information.

This format does not apply to category 4 and 7. For more details, see the relevant category Message Reference Guide for MT 499 and MT 799.

MT800 T/C Sales and Settlement Advice [Single] This message is sent by, or on behalf of, a remitting agent to the issuer of travellers cheques.

It is used to account for (that is, sale and settlement details) one or several sales of travellers cheques by a single selling agent, as specified by the purchase agreement.

MT801 T/C Multiple Sales Advice This message type is sent by, or on behalf of, a single remitting agent to the issuer of travellers cheques.

It is used to provide the sale details of a multiple sale of travellers cheques by either:

  • a single selling agent (where the details would exceed the maximum input message length of an MT 800 T/C Sales and Settlement Advice [Single]), or
  • several selling agents.

This message will be followed by an MT 802 T/C Settlement Advice.

MT802 T/C Settlement Advice This message type is sent by, or on behalf of, a single remitting agent to the issuer of travellers cheques.

The T/C Settlement Advice is used to provide the settlement details of the total sales amount included in one or several MT 801 T/C Multiple Sales Advice.

A single MT 802 must always be preceded by one or several MT 801s.

MT824 T/C Inventory Destruction/Cancellation Notice This message type is sent by, or on behalf of, a selling agent to an issuer of travellers cheques.

It is used to notify the issuer of the destruction/cancellation of travellers cheque inventory held by that selling agent.

The message may also be sent by an issuer to a selling agent, or to the Receiver to forward to a selling agent, to request the selling agent to destroy/cancel travellers cheque inventory which is held by the selling agent.

MT890 Advice of Charges, Interest and Other Adjustments

This message type is sent by an account servicing institution to the account owner.

MT891 Request for Payment of Charges, Interest and Other Expenses

This message type is sent by a financial institution to another financial institution.

MT892 Request for Cancellation This message is:

  • sent by a financial institution to request a second financial institution to consider cancellation of the CAXI message identified in the request.
  • sent by a corporate customer to request a financial institution to consider cancellation of the CAXI message identified in the request.
  • If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, that is, reversal, with the beneficiary’s consent.
MT895 Queries This message type is:

    • sent by a financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to request information or clarification relating to a previous CAXI or non-CAXI message or to one or more transactions contained therein.

A query may also be sent to request that an amendment be made to a previous message, except in those cases where a specific message, or facility within a message, has been provided for this purpose in the related category, for example, MT 707, AMEND in field 22 of the MT 300.

MT896 Answers This message type is:

    • sent by one financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to respond to an MT n95 Queries or MT n92 Request for Cancellation and other messages where no specific message type has been provided for the response. This message should use the same category digit as the related queries message or request for cancellation.

MT898 Proprietary Message This message type is used by financial institutions, with their own offices, with other financial institutions and/or with corporate customers with which they have established bilateral agreements.

It is used as an envelope for a specified message included in it.

It allows for the definition of a unique format for which another message type is not available or applicable.It also allows financial institutions to use message types which are awaiting live implementation on the CAXI system.

MT899 Free Format Message This message type is:

  • used by financial institutions to send or receive information for which another message type is not applicable.
  • used between a corporate and its financial institution for which another message type is not applicable.

The category digit should be chosen so the message will be routed to the unit of the Receiver which is most capable of acting on the information.

This format does not apply to category 4 and 7. For more details, see the relevant category Message Reference Guide for MT 499 and MT 799.

MT900 Confirmation of Debit This message type is:

  • sent by an account servicing institution to an account owner.
  • sent by an account servicing institution to a party authorised by the account owner to receive the information.
  • sent by a concentrating financial institution to an account owner or a party authorised by the account owner to receive the information.

It is used to notify the account owner of an entry which has been debited to its account. The entry will be further confirmed by statement.

MT910 Confirmation of Credit This message is:

  • sent by an account servicing institution to an account owner.
  • sent by an account servicing institution to a party authorised by the account owner to receive the information.
  • sent by a concentrating financial institution to an account owner or a party authorised by the account owner to receive the information.
  • It is used to notify the account owner of an entry which has been credited to its account. The entry will be further confirmed by statement.
MT920 Request Message This multiple message is sent by an account owner, or a financial institution (concentrating institution) acting on behalf of an account owner, to an account servicing institution.

It is used to request the account servicing institution to transmit one or more MT 940 Customer Statement(s), MT 941 Balance Report(s), MT 942 Interim Transaction Report(s), or MT 950 Statement Message(s) containing the latest information available for the account(s) identified in the message.

MT935 Rate Change Advice This multiple message is used by the Sender to advise interest rate change(s) to the Receiver.

It is used to advise the details of:

  • General interest rate change(s).
  • Interest rate change(s) which apply to specific account(s), other than call/notice loan/deposit account(s), serviced by the Sender of the message for the Receiver.

Interest rate change(s) that can be advised by this message type include: NOTICE, CALL, PRIME, COMMERCIAL, BASE, CURRENT and DEPOSIT.

MT940 Customer Statement Message This message type is:

  • sent by an account servicing institution (reporting institution) to a financial institution (concentrating institution), which has been authorised by the account owner to receive it.
  • sent by an account servicing institution (reporting institution) to a financial institution account owner.
  • sent by an account servicing institution to a non-financial institution account owner or party authorised by the account owner to receive the information.
  • sent by a concentrating institution to a non-financial institution account owner or party authorised by the account owner to receive the information.

It is used to transmit detailed information about all entries booked to the account.

MT941 Balance Report This message type is:

    • sent by an account servicing institution (reporting institution) to a financial institution (concentrating institution), which has been authorised by the account owner to receive it.
    • sent by an account servicing institution (reporting institution) to a financial institution account owner.
    • sent by an account servicing institution to a non-financial institution account owner or party authorised by the account owner to receive the information.
    • sent by a concentrating institution to a non-financial institution account owner or party authorised by the account owner to receive the information.

It is used to transmit balance information, reflecting the situation at the identified time in field 13D.

MT942 Interim Transaction Report This message type is:

  • sent by an account servicing institution (reporting institution) to a financial institution (concentrating institution) which has been authorised by the account owner to receive it.
  • sent by an account servicing institution (reporting institution) to a financial institution account owner.
  • sent by an account servicing institution to a non-financial institution account owner or party authorised by the account owner to receive the information.
  • sent by a concentrating institution to a non-financial institution account owner or party authorised by the account owner to receive the information.

It is used to transmit detailed and/or summary information about entries debited or credited to the account since:

  • the last statement or balance report, or
  • the last interim transaction report (sent in the period since the last statement or balance report).
MT950 Statement Message This message type is sent by an account servicing institution to an account owner.

It is used to transmit detailed information about all entries, whether or not caused by a SWIFT message, booked to the account.

MT970 Netting Statement This message type is sent at pre-arranged times from a netting system to a subscriber to the netting system.

It is used to provide detailed information about all the transactions which have been recorded by the netting system involving the receiving financial institution.

All transactions are reported once only in an MT 970 Netting Statement.

MT971 Netting Balance Report This message type is sent, on request or at pre-arranged times, from a netting system to a subscriber to the netting system and to other authorised receivers.

It is used to advise the netting balance(s), at the time of transmission, for one or more financial institutions.

MT972 Netting Interim Statement This message type is sent, on request or at pre-arranged times, from a netting system to a subscriber to the netting system.

It is used to provide detailed information about transactions which have been recorded by the netting system involving the receiving financial institution.

MT973 Netting Request Message This message type is sent by a financial institution to a netting system.

It is used to request the netting system to transmit an MT 971 Netting Balance Report, an MT 972 Netting Interim Statement or an MT 998 Proprietary Message containing the latest available information.

MT985 Status Enquiry

This message type is sent by a financial institution, to another financial institution, to request an MT 986 Status Report.

MT986 Status Report This message type is sent by a financial institution, to another financial institution, to provide general credit information, without responsibility, about an individual or an institution.
MT990 Advice of Charges, Interest and Other Adjustments

This message type is sent by an account servicing institution to the account owner.

MT991 Request for Payment of Charges, Interest and Other Expenses

This message type is sent by a financial institution to another financial institution.

MT992 Request for Cancellation This message is:

  • sent by a financial institution to request a second financial institution to consider cancellation of the CAXI message identified in the request.
  • sent by a corporate customer to request a financial institution to consider cancellation of the CAXI message identified in the request.
  • If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, that is, reversal, with the beneficiary’s consent.
MT995 Queries This message type is:

    • sent by a financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to request information or clarification relating to a previous CAXI or non-CAXI message or to one or more transactions contained therein.

A query may also be sent to request that an amendment be made to a previous message, except in those cases where a specific message, or facility within a message, has been provided for this purpose in the related category, for example, MT 707, AMEND in field 22 of the MT 300.

MT996 Answers This message type is:

    • sent by one financial institution to another financial institution.
    • sent by a corporate customer to a financial institution.
    • sent by a financial institution to a corporate customer.

It is used to respond to an MT n95 Queries or MT n92 Request for Cancellation and other messages where no specific message type has been provided for the response. This message should use the same category digit as the related queries message or request for cancellation.

MT998 Proprietary Message This message type is used by financial institutions, with their own offices, with other financial institutions and/or with corporate customers with which they have established bilateral agreements.

It is used as an envelope for a specified message included in it.

It allows for the definition of a unique format for which another message type is not available or applicable.It also allows financial institutions to use message types which are awaiting live implementation on the CAXI system.

MT999 Free Format Message This message type is:

  • used by financial institutions to send or receive information for which another message type is not applicable.
  • used between a corporate and its financial institution for which another message type is not applicable.

The category digit should be chosen so the message will be routed to the unit of the Receiver which is most capable of acting on the information.

This format does not apply to category 4 and 7. For more details, see the relevant category Message Reference Guide for MT 499 and MT 799.

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