Drive trade digitisation

From multi-bank messaging standards to new trade settlement instruments, we are driving innovation in trade finance

MT 798

Global trade may be shifting towards open account terms. However, traditional trade instruments continue to play a key role in trade – particularly for high value transactions and when working with new suppliers.

Such instruments can play an important role in supporting international trade. But for companies using multiple banks, communicating with those banks for trade finance can be a slow and inefficient process.

That’s why we’ve created Trade for Manners. By offering a single channel for exchanging standardised corporate-to-bank trade data, we are helping corporates streamline their trade messaging.

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MT 798: the ‘Trade Envelope’

A comprehensive solution for corporate trade, FIN MT 798 caters for the following instruments:

  • Import letters of credit
  • Export letters of credit
  • Guarantees/standby letters of credit.

Using MT 798, you can apply to your bank for a letter of credit or guarantee, and receive an Advice of L/C back from your bank. Your bank can then notify the Issuance of an L/C or Guarantee, or notify an amendment.

FileAct

For some types of trade data, it may be more appropriate to use the FileAct messaging services. Using formalised trade request types, you can use FileAct to send trade documents and images over SWIFT. FIN messages for a single transaction can also be grouped together – improving transparency, classification, routing and processing.

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Further reading

To learn more, read the Trade for Manners factsheet:

Manners Drive trade digitisation
Last update: 
12 August 2016

Trade for Manners factsheet

This factsheet explains the service and outlines the key features and benefits of Trade for Manners solution
PDF iconDownload (52.99 KB)
  • Collateral
  • Factsheets

The technical documentation of the standards is available here:

Manners Drive trade digitisation
Last update: 
8 June 2018

Standards MT Messages Implementation Guide - Volume II - Trade Finance Standards

This document describes the rules you must follow when you send or receive MT 798 messages for Trade Finance using...
PDF iconDownload (6.48 MB)
  • Technical Information
Manners Drive trade digitisation
Last update: 
31 December 2012

Standards MT Message Implementation Guide - Volume II - Trade Finance Standards

This document describes the rules to follow when you send or receive MT messages for Trade Finance using SWIFTNet FIN...
PDF iconDownload (2.81 MB)
  • Technical Information
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