ZagTrader

Category 9: Cash management and customer status

MT986 Status Report

Written and maintained by ZagTrader. Last reviewed . How this page is sourced and checked

The MT986 is a status report. A financial institution sends it to another to give general credit information, without responsibility, about an individual or an institution, usually in reply to an MT985.

Message type
MT986
Category
9
Status
In the current standard
ISO 20022
No direct equivalent

What MT986 is used for

Field 21 quotes the reference of the enquiry, field 59 can repeat the enquired party, and the information itself is free text in field 79.

Sent by
A financial institution, usually the enquired party’s bank
Sent to
The bank that made the enquiry

MT986 format: sequences and fields

Message text (block 4)Mandatory

No sequences and no network validated rules.

TagNameStatusFormatMeaning
20Transaction Reference NumberM16xThe sender’s reference for the report.
21Related ReferenceM16xField 20 of the MT985 enquiry being answered.
59Enquired PartyO[/34x] 4*35xThe person or company the information is about.
79NarrativeM35*50xThe credit information, as free text.

Format notation: n digits, a upper-case letters, c upper-case letters and digits, x any character of the Swift character set, d a decimal number with a comma, ! fixed length, [ ] optional, 4*35x up to 4 lines of 35 characters. M mandatory, O optional, C conditional (a rule decides).

Decode an MT986 in the parser

ISO 20022

There is no direct ISO 20022 equivalent in general use for the status report.

All MT messages · Category 9 messages · ISO 20022 messages · Codes · Troubleshooting