What Is MT799 and When Is It Used in a Trade Finance Deal?
What Is MT799 and When Is It Used in a Trade Finance Deal?
MT799 is a SWIFT message used to send free-format, authenticated bank-to-bank confirmations—often to verify funds or confirm readiness before issuing a financial instrument like an SBLC or DLC.
In cross-border trade and project finance, trust and timing are everything. Before issuing a financial instrument, banks often need to exchange confirmations. That’s where the MT799 comes in—a secure, authenticated message that signals serious intent and clears the way for final issuance.
What MT799 Actually Does
MT799 is a “free format” SWIFT message sent between banks. It’s not a payment. It doesn’t trigger settlement. It’s an official communication, used to:
- Confirm that funds are available
- State intent to issue an instrument (like SBLC, BG, DLC)
- Pre-verify terms before final SWIFT delivery (e.g., MT760 or MT700)
- Share reference numbers and instructions before settlement
When Is MT799 Required?
MT799 is commonly used in the following situations:
- A seller requests fund verification before shipping
- A bank wants assurance before accepting counterparty risk
- A lender needs to pre-confirm their readiness to issue an SBLC or DLC
- A trade partner demands written bank-to-bank assurance before releasing goods
MT799 vs MT199: What’s the Difference?
- MT199: Generic free-format message—used for informal notices and pre-advice
- MT799: Verified intent or confirmation—used when something important is about to be issued
In other words, MT199 is casual. MT799 is formal. You don’t send an MT799 unless you're prepared to back it with an instrument or real settlement.
Is MT799 a Commitment?
Yes—within reason. While it doesn't move funds or execute a transaction, it’s authenticated via SWIFT. The bank issuing the MT799 is putting its name behind the message. That makes it a trusted signal in the deal cycle.
Common Scams to Avoid
If someone offers to “monetize MT799” or “block MT799 for a return,” it’s fake. MT799s are not assets. They’re messages. They confirm intent, not value. No lender in the world offers a return just for receiving an MT799.
How Financely Works with MT799
We use MT799s in real deal execution—typically ahead of SBLC issuance, structured credit, or large DLC-backed trades. If you're coordinating a serious transaction and your counterparty needs fund verification, we work with regulated issuers to deliver MT799 messages under full compliance.
Need a Verified MT799 to Complete a Deal?
We issue and structure MT799-backed transactions through real banks. No screenshots. No templates. Just real execution.
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