What is MT-760?

ANSWER: MT-760 is the trust funds service provider who offers full-service for timely credit enhancement such as Standby Letter of Credit Bank Guarantee. he MT-760 is a type of SWIFT message that is sometimes requested in sugar trading because it functions much like a Bank Guarantee, although it carries with it a much higher level of risk for the issuer (usually the buyer), and a reduced level of risk for the recipient (the seller). Essentially, a MT-760 is a SWIFT message which guarantees that a bank will make payment in favor of a client of another bank. When a MT-760 is issued, the issuing bank puts a hold on its client’s funds, thereby ensuring that the funds are in place to make payment to the recipient of the MT-760.

Victor William

Victor William
Toll Free 1-888-304-1638
International +1-214-550-5052
Email: contact@fastletterofcredit.com
Skype: info.fastletterofcredit
World Headquarters
2711 N. Haskell Ave Suite 550 Dallas, TX 75204
Website www.fastletterofcredit.com

    • Jaeb
    • June 4th, 2011

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