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    System: Bank Guarantee (BG) / Standby Letter of Credit (SBLC) Format Swift MT 799 - Specimen Only (

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    black vesuvius
    The document contains specimen text for a SWIFT MT 799 and MT 760 message regarding a bank guarantee (BG) or standby letter of credit (SBLC) to be issued. [1] It states that the issuing bank is ready, willing and able to issue a cash-backed BG/SBLC of €000,000,000 for the benefit of the specified recipient. [2] The MT 760 provides details of the BG/SBLC such as the currency, principal amount, dates of issue and expiry, and terms of payment. [3] It confirms the instrument is backed by good funds and is irrevocable, unconditional and freely transferable according to international

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    System: Bank Guarantee (BG) / Standby Letter of Credit (SBLC) Format Swift MT 799 - Specimen Only (

    Uploaded by

    black vesuvius
    332 views3 pages
    The document contains specimen text for a SWIFT MT 799 and MT 760 message regarding a bank guarantee (BG) or standby letter of credit (SBLC) to be issued. [1] It states that the issuing bank is ready, willing and able to issue a cash-backed BG/SBLC of €000,000,000 for the benefit of the specified recipient. [2] The MT 760 provides details of the BG/SBLC such as the currency, principal amount, dates of issue and expiry, and terms of payment. [3] It confirms the instrument is backed by good funds and is irrevocable, unconditional and freely transferable according to international

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    The document contains specimen text for a SWIFT MT 799 and MT 760 message regarding a bank guarantee (BG) or standby letter of credit (SBLC) to be issued. [1] It states that the issuing bank is ready, willing and able to issue a cash-backed BG/SBLC of €000,000,000 for the benefit of the specified recipient. [2] The MT 760 provides details of the BG/SBLC such as the currency, principal amount, dates of issue and expiry, and terms of payment. [3] It confirms the instrument is backed by good funds and is irrevocable, unconditional and freely transferable according to international

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    332 views3 pages

    System: Bank Guarantee (BG) / Standby Letter of Credit (SBLC) Format Swift MT 799 - Specimen Only (

    Uploaded by

    black vesuvius
    The document contains specimen text for a SWIFT MT 799 and MT 760 message regarding a bank guarantee (BG) or standby letter of credit (SBLC) to be issued. [1] It states that the issuing bank is ready, willing and able to issue a cash-backed BG/SBLC of €000,000,000 for the benefit of the specified recipient. [2] The MT 760 provides details of the BG/SBLC such as the currency, principal amount, dates of issue and expiry, and terms of payment. [3] It confirms the instrument is backed by good funds and is irrevocable, unconditional and freely transferable according to international

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    The document outlines the format and contents of a bank guarantee or standby letter of credit that would be sent via SWIFT message.

    The document provides a template for a bank guarantee or standby letter of credit that would be issued from one bank to another bank on behalf of a client.

    The document specifies the transaction reference number, currency, principal amount, dates of issue and expiry, account holder information, and guaranteed payment terms and conditions.

    BANK GUARANTEE (BG) / STANDBY LETTER OF CREDIT

    (SBLC) FORMAT SWIFT MT 799 – SPECIMEN ONLY


    (FINAL TEXT PER ISSUING BANK - ICC FORMAT)

    MT-799 FORMAT – SENT ON SWIFT.COM


    SYSTEM

    WE, THE UNDERSIGNED, [--ISSUING BANK--], LOCATED AT [--NAME AND


    ADDRESS OF ISSUING BANK--], HEREBY IRREVOCABLY ACKNOWLEDGE AND
    CONFIRM WITH FULL BANK RESPONSIBILITY THAT WE ARE READY, WILLING
    AND ABLE TO SEND VIA BRUSSELS SWIFT SYSTEM CASH BACKED BANK
    GUARANTEE NUMBER _____________, WITH ISIN NUMBER
    _______________ IN THE TOTAL AMOUNT OF ____________ HUNDRED
    MILLION EURO (€ 000,000,000.00 EUR) IN LAWFUL CURRENCY OF THE
    EUROPEAN UNION IN FAVOR AND FOR THE BENEFIT OF
    [---------------------------------]WITH ACCOUNT NUMBER: [----------------------------]

    THE BANK GUARANTEE WILL BE SENT VIA SWIFT MT 760, WITH HARD COPY
    TO FOLLOW.

    PLEASE CONFIRM YOU ARE READY TO RECEIVE THE BANK GUARANTEE VIA
    SWIFT MT760.

    FOR AND ON BEHALF OF


    [---NAME OF ISSUING BANK---]

    _________________________                       ____________________________
    NAME OF BANK OFFICER                              NAME OF BANK OFFICER
    TITLE     PIN                                                         TITLE  PIN
    ADDENDUM 4
    BANK GUARANTEE (BG) / STANDBY LETTER OF CREDIT
    (SBLC) FORMAT SWIFT MT 760 – SPECIMEN ONLY
    (FINAL TEXT PER ISSUING BANK - ICC FORMAT)
    MT-760 FORMAT – SENT ON SWIFT.COM SYSTEM

    TRANSACTION REFERENCE NUMBER (TRN): (INSERT THE SWIFT MT 760


    TRANSACTION REFERENCE NUMBER OF FIELD 20:) 

    CURRENCY: EURO
    PRINCIPAL AMOUNT: € 000,000,000.00 EUR (______HUNDRED MILLION EUROS)
    DATE OF ISSUE: XXXXXXXXXXXXX
    MATURITY DATE: XXXXXXXXX
    DATE OF EXPIRY:
    ACCOUNT HOLDER:
    BENEFICIARY ACCOUNT NUMBER: 
    FOR THE VALUE RECEIVED, WE, THE UNDERSIGNED (FULL NAME & ADDRESS
    OF ISSUING BANK), WITH FULL BANK RESPONSIBILITY, HEREBY IRREVOCABLY
    AND UNCONDITIONALLY, WITHOUT PROTEST OR NOTIFICATION, PROMISE
    TO PAY AGAINST THIS CASH BACKED BANK GUARANTEE NUMBER:
    __________________, ISIN NUMBER: ______________ TO THE ORDER OF
    ____________________________, WITH ACCOUNT NUMBER:
    ___________________________, THE BEARER OR HOLDER THEREOF, THE SUM
    OF € 00,000,000.00 EUR (______ HUNDRED MILLION EURO) IN LAWFUL
    CURRENCY OF THE EUROPEAN UNION, AT FIRST DEMAND, UPON
    PRESENTATION AND SURRENDER OF THIS BANK GUARANTEE, AT ANY OF
    THE COUNTERS OF (ISSUING BANK), ON MATURITY DATE, AND NOT LATER
    THAN FIFTEEN (15) DAYS AFTER THE MATURITY DATE.
    SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF, FREE AND CLEAR OF
    ALL DEDUCTIONS, CHARGES, FEES, OR WITHHOLDING OF ANY NATURE,
    PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED, COLLECTED, WITHHELD OR
    ASSESSED BY THE GOVERNMENT OF THE EUROPEAN UNION, OR ANY
    POLITICAL SUB-DIVISIONS OR AUTHORITY THEREOF OR THEREIN.
     
    WE HEREBY CONFIRM, THIS BANK GUARANTEE IS BACKED BY GOOD, CLEAN,
    CLEARED FUNDS OF NON-CRIMINAL ORIGIN AND ARE FROM A LEGAL
    SOURCE. THIS BANK GUARANTEE IS IRREVOCABLE, UNCONDITIONAL,
    CONFIRMED, ASSIGNABLE, DIVISIBLE AND FREELY TRANSFERABLE, WITHOUT
    NOTICE OR PRESENTATION OF IT TO US AND WITHOUT THE PAYMENT OF
    ANY TRANSFER FEES OR CHARGES.
     
    THIS BANK GUARANTEE IS GOVERNED BY THE UNIFORM CUSTOMS AND
    PRACTICE FOR BANK GUARANTEE AS SET FORTH BY THE INTERNATIONAL
    CHAMBER OF COMMERCE, UNIFORM RULES FOR DEMAND GUARANTEE (ICC
    PUBLICATION NO. 758), OR LATEST REVISIONS.
     
    THIS BANK GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED IN
    ACCORDANCE WITH THE LAWS OF THE EUROPEAN UNION.
     
    THIS BANK GUARANTEE IS AN OPERATIVE INSTRUMENT, CONFIRMABLE AND
    VERIFIABLE ON A BANK-TO-BANK BASIS. ALL ISSUING CHARGES ARE FOR THE
    ACCOUNT OF THE APPLICANT.

    THIS BANK GUARANTEE EXPIRES ON (INSERT DATE OF EXPIRATION).

    DATE RECORDED: _____________ 2017

    FOR AND ON BEHALF OF

    [---NAME OF ISSUING BANK---]

    _________________________                       ____________________________

    NAME OF BANK OFFICER                              NAME OF BANK OFFICER

    TITLE     PIN                                                         TITLE  PIN

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