Citi now supports multinational corporate clients in their trade flows using the new Corporate-to-Bank SWIFT Message Type (MT) 798. The MT 798 enables clients to generate trade flow communications with any SWIFT MT798 capable bank. Citi launched this service for corporate clients in the fourth quarter of 2012.

Based on input from corporates, banks and technology vendors, SWIFT facilitated the creation of this brand new message which will provide greater efficiencies for clients communicating with multiple banks. The new message type allows clients to send a single message which can transmit their trade flow information, eliminating the need for a client to access the proprietary platforms of each SWIFT-enabled bank.