SWIFT MT199 Message: Custom Financial Communication for Trade & Banking
SWIFT MT199 Message: Custom Financial Communication for Trade & Banking
A SWIFT MT199 is a free-format bank-to-bank message used for secure communications such as RWA statements, pre-advice of MT760/MT700, instrument intent, and compliance queries. It complements structured messages (MT103/700/760) by providing authenticated context on the SWIFT network.
SWIFT MT199 (Free Format)
UCP 600 / ISP98 Context
KYC/AML & Sanctions Screening
Typical Turnaround: 24–48h
Professional clients only. Availability depends on sending/receiving bank policies, jurisdiction, and compliance outcome.
What is a SWIFT MT199?
Common Uses
- RWA (Ready, Willing & Able) confirmations
- Pre-advice of MT760 (SBLC/BG) or MT700 (LC)
- Intent & acknowledgement for POF/settlement
- Compliance/KYC queries & authentication
Key Benefits
- Secure: authenticated on the SWIFT network
- Global: recognized across correspondent banks
- Fast: typically processed within 24–48h
- Flexible: free-format for tailored instructions
MT199 vs MT799
| Feature | MT199 | MT799 |
|---|---|---|
| Message Format | Free-format (narrative) | Structured SWIFT format |
| Purpose | Custom comms, RWA, intent, queries | POF / instrument-related advisory |
| Usage | Versatile pre/post issuance | Typically POF or pre-advice |
| Cost | Lower | Higher |
| Acceptance | High (widely used) | High (context specific) |
Required Documents for MT199 Issuance
- Letter of Intent (LOI)
- Client Information Sheet (CIS)
- Passport/ID of director or authorized signatory
- Company registration & shareholding documents
- Proforma invoice/contract (if trade-related)
- Board resolution / mandate (authorizing the message)
Good to Know
- Draft language can be shared for pre-review
- Message references should match related SWIFTs
- Sanctions & PEP screening is mandatory
Partner & Supporting Banks for MT199 Communication
Below are banks (sender/receiver/correspondent) commonly engaged for MT199 use cases. Availability remains case-by-case and subject to each bank’s policy.
| Bank Name | SWIFT | Country/Region | Notes |
|---|
Client Reviews (20)
MT199 — Frequently Asked Questions (15)
Get Started with Your MT199 Today
At NNRV Trade Partners, we deliver authenticated SWIFT communications that unlock certainty in global trade. Contact us to draft, route, and coordinate your MT199.
Compliance first: We reserve the right to decline any file that does not meet KYC/AML and sanctions screening requirements.