RBS Adopts Single-Platform Transaction Messaging for Corporates

Royal Bank of Scotland

Royal Bank of Scotland will now support Swift's Corporate Access (SCA) members using the MT798 messaging standard for corporate-to-bank trade transactions.

Companies that rely on a range of banks to execute their trade transactions often use several proprietary bank systems. But they can now use the MT798 message type to exchange information with all their banks from one platform, which will use FIN, Swift’s core store and forward messaging service and will include among 41 message types import letters of credit, standby letters of credit and guarantees, and receipt of export letters of credit.

“The MT798 is a great example of how banks, corporates and Swift are working together to provide bank-agnostic solutions. We are delighted to bring this new capability to RBS customers with all the benefits it brings to both them and us," says Alastair Brown, Head of eChannels, RBS Global Transaction Services.

  • LinkedIn  
  • Save this article
  • Print this page  

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: