Posts Tagged ‘ What Is SWIFT ’

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

FastLetterofcredit.com
Victor William
FastLetterOfCredit.com
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

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Leased Bank Guarantee

What Does Leased Bank Guarantee Mean?

A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years. The issuing bank will send the guarantee to the borrower’s main bank, and the issuing bank then becomes a backer for debts incurred by the borrower, up to the guaranteed amount.


FastLetterofcredit.com
Victor William
FastLetterOfCredit.com
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