Verbiage of MT 799 and MT 760

FORMAT OF THE PROVIDER’S PRE-ADVICE VIA MT799
(Same Day Delivery by Bank to Bank International swift System)

SWIFT INPUT: MT-799
SENDER:
BANK NAME:
BANK ADDRESS:
SWIFT CODE:
BANK OFFICER:
AMOUNT:
ACCOUNT NAME:
NUMBER:
RECEIVER:
BANK NAME:
BANK ADDRESS:
SWIFT CODE:
AMOUNT:
ACCOUNT NAME:
ACCOUNT NUMBER:
IN FAVOR OF:
-------------------------------------------SWIFT MESSAGE
TEXT-----------------------------------------------
ATTENTION: ....................(ACCOUNT BANK OFFICER)
WE -------------(ISSUING BANK AND ADDRESS)----------, HEREBY CONFIRM WITH FULL BANKING

RESPONSIBILITY THAT WE ARE READY TO ISSUE AND DELIVER ONE (1) STANDBY LETTER OF
CREDIT (SBLC) ICC FORMAT ON BEHALF OF OUR CLIENT, ---------------ORDERING
CUSTOMER()------- ---- IN THE TOTAL AMOUNT OF -----(AMOUNT IN WORDS)(AMOUNT IN
FIGURES) IN FAVOR OF ---- (BENEFICIARY)-----, ACCOUNT NUMBER:------
THIS SWIFT MESSAGE IS VERIFIABLE ON NORMAL BANK-TO-BANK BASIS WITH FULL BANKING
RESPONSIBILITY, UPON RECEIPT OF CLEARANCE FROM OUR CLIENT.
THERE WILL BE NO LIENS AND ENCUMBRANCES ON THIS INSTRUMENT WHICH SHALL BE

DELIVERED AND AVAILED VIA MT760 AND EXACT STANDBY LETTER OF CREDIT (SBLC).
WE FURTHER CONFIRM THAT THE BANK GUARANTEE/STANDBY LETTER OF CREDIT IS CASH-

BACKED AND ASSIGNABLE, TRANSFERABLE, DIVISIBLE AND UNCONDITIONALLY CALLABLE UPON
MATURITY.
THE SAID SBLC FORMAT WILL BE FOLLOWING THE FORMAT RELEASED BY YOU.
SBLC TEXT WILL BE:

WE HEREBY IRREVOCABLY AND UNCONTIONALLY WITHOUT PROTEST OR NOTICIATION, WITH OUR FULL
RESPONSIBILITY, UNDERTAKE TO PAY AGAINST THIS STANDBY LETTER OF CREDIT NUMBER XXXXXXXX TO THE ORDER
OF [NAME OF BUYER], THE BEARER OR HOLDER THEREOF AT EXPIRY DATE OF THE DAY, MONTH, YEAR, THE SUM OF
USD XXXXX [ XXXXXXX EURO / US DOLLARS ONLY ] IN LAWFUL CURRENCY OF EUROZONE / UNITED STATES OF
AMERICA UPON SURRENDER AND PRESENTATION OF ORIGINAL HARD COPY OF THIS STANDBY LETTER AT OUR
COUNTRIES AS PER OUR FILE.
SUCH PAYMENT SHALL BE MADE WITHOUT SET OFF AND SHALL BE FREE AND CLEAR OF ANY DEDUCTIONS OR
CHARGES, FEES, OR WITHHOLDINGS OF ANY NATURE PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED, COLLECTED,
WITHHELD OR ASSESSED THEREIN OR THEREOF.
PAYMENT IS AVAILABLE UPON THE BENEFICIARY'S FIRST WRITTEN DEMAND IN THE FORM OF
PRESENTATION INDICATED ABOVE ONLY TO BE SENT TO US NOT EARLIER THAN 15 [FIFTEEN] DAYS BEFORE EXPIRY
DATE.
THIS STANDBY LETTER OF CREDIT IS TRANSFERABLE AND ASSIGNABLE WITHOUT PRESENTATION TO US AND
WITHOUT PAYMENT OR ANY TRANSFER FEE OR CHARGES.
THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE ICC UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY
CREDITS, INTERNATIONAL CHAMBER OF COMMERCE, PARIS, UCP 600 UNDER ICC.
PUBLICATION NO. 600 AND SHALL BE INTERPRETED IN ACCORDANCE WITH THE LAWS ENGLAND.
ANY DISPUTE ARISING OUT OF OR IN CONNECTION WITH THIS STANDBY LETTER OF CREDIT SHALL BE SUBJECT TO
THE EXCLUSIVE JURISDICTION OF THE COMMERICAL COURT OF ENGLAND.
THIS IS AN OPERATIVE INSTRUMENT .
ALL CHARGES ARE FOR THE ACCOUNT OF APPLICANT AS AN OPERATIVE INSTRUMENT.
FOR AND ON BEHALF OF ------------- (ISSUING BANK AND ADDRESS) ----------.

THANKS AND REGARDS,
BANK OFFICER1: BANK OFFICER2:

____________________ ____________________
AUTHORIZED SIGNATORY AUTHORIZED SIGNATORY
NAME: TITLE: CODE; NAME: TITLE: CODE:
VERBIAGE OF MT 799
( SWIFT MT 799 PU / ICBPO FOR TOTAL PAYMENT LEASE FEE & COMMISSION /13%+2% )
Date :
From :
ADDRESS :
SWIFT CODE :
By order of OUR CLIENT :
ACCOUNT NAME :
ACCOUNT NUMBER :
To :
SWIFT CODE :
Transaction Code :
ACCOUNT NAME :
ACCOUNT NUMBER :
AT THE REQUEST OF OUR CLIENT, <BENEFICIARY NAME______> FOR THE BENEFIT OF <PRINCIPAL
NAME___________>, We, BANK, hereby IRREVOCABLY confirm THAT WE ARE PREPARED TO
UNDERTAKE THE FOLLOWING:
TO RECEIVE, VIA SWIFT MT760 into our client’s above-listed account, _______ HUNDRED MILLION USD
($___,000,000.00) CASH-BACKED, ASSIGNABLE, TRANSFERABLE, Divisible AND UNCONDITIONAL BANK
GUARANTEE/SBLC (“$ ___ M BG/SBLC”); AND,
TO SWIFT TRANSFER A PRINCIPAL AMOUNT OF ________ MILLION USD ($___,000,000.00) WITHIN FIVE
(5) EUROPEAN BANKING DAYS TO THE BELOW-LISTED ACCOUNT AFTER SUCCESSFULLY RECEIVING AND
AUTHENTICATING THE $___________M BANK GUARANTEE DELIVERED VIA SWIFT MT760 TO OUR
CLIENT’S ABOVE ACCOUNT.
BANK NAME :
ACCOUNT NUMBER :
ACCOUNT NAME :
SWIFT CODE :
We, hereby confirm that the _____ MILLION USD ($___,000,000.00) ARE good, clean and cleared
FUNDS DERIVED from a legal source.
Yours faithfully,
FOR AND ON BEHALF OF -----------------------
..................................... .....................................
Bank Officer No. 1 Bank Officer No. 2
PIN / Title PIN / Title
VERBIAGE / BG/SBLC FORMAT A SWIFT MT 760

(Same Day Delivery by Bank to Bank International swift System)
SWIFT INPUT: MT-760
SENDER:
BANK NAME:
BANK ADDRESS:
SWIFT CODE:
BANK OFFICER:
AMOUNT:
ACCOUNT NAME:
NUMBER:
RECEIVER:
BANK NAME:
BANK ADDRESS:
SWIFT CODE:
BANK OFFICER:
AMOUNT:
ACCOUNT NAME:
ACCOUNT NUMBER:
IN FAVOR OF:
-------------------------------------------SWIFT MESSAGE
TEXT-----------------------------------------------
WE HEREBY IRREVOCABLY AND UNCONTIONALLY WITHOUT PROTEST OR NOTICIATION, WITH
OUR FULL RESPONSIBILITY, UNDERTAKE TO PAY AGAINST THIS STANDBY LETTER OF CREDIT
NUMBER XXXXXXXX TO THE ORDER OF [NAME OF BUYER], THE BEARER OR HOLDER THEREOF AT
EXPIRY DATE OF THE DAY, MONTH, YEAR, THE SUM OF USD XXXXX [ XXXXXXX EURO / US
DOLLARS ONLY ] IN LAWFUL CURRENCY OF EUROZONE / UNITED STATES OF AMERICA UPON
SURRENDER AND PRESENTATION OF ORIGINAL HARD COPY OF THIS STANDBY LETTER AT OUR
COUNTRIES AS PER OUR FILE.
SUCH PAYMENT SHALL BE MADE WITHOUT SET OFF AND SHALL BE FREE AND CLEAR OF ANY
DEDUCTIONS OR CHARGES, FEES, OR WITHHOLDINGS OF ANY NATURE PRESENTLY OR IN THE
FUTURE IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED THEREIN OR THEREOF.
PAYMENT IS AVAILABLE UPON THE BENEFICIARY'S FIRST WRITTEN DEMAND IN THE FORM OF
PRESENTATION INDICATED ABOVE ONLY TO BE SENT TO US NOT EARLIER THAN 15 [FIFTEEN]
DAYS BEFORE EXPIRY DATE.
THIS STANDBY LETTER OF CREDIT IS TRANSFERABLE AND ASSIGNABLE WITHOUT PRESENTATION

TO US AND WITHOUT PAYMENT OR ANY TRANSFER FEE OR CHARGES.
THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE ICC UNIFORM CUSTOMS AND PRACTICE
FOR DOCUMENTARY CREDITS, INTERNATIONAL CHAMBER OF COMMERCE, PARIS, UCP 600
UNDER ICC.
PUBLICATION NO. 600 AND SHALL BE INTERPRETED IN ACCORDANCE WITH THE LAWS
ENGLAND.
ANY DISPUTE ARISING OUT OF OR IN CONNECTION WITH THIS STANDBY LETTER OF CREDIT
SHALL BE SUBJECT TO THE EXCLUSIVE JURISDICTION OF THE COMMERICAL COURT OF
ENGLAND.
THIS IS AN OPERATIVE INSTRUMENT AND NO CONFIRMATION SHALL FOLLOW.
FOR AND ON BEHALF OF ------------- (ISSUING BANK AND ADDRESS) ----------.

BANK OFFICER 1: BANK OFFICER 2:
____________________ ____________________
AUTHORIZED SIGNATORY AUTHORIZED SIGNATORY
NAME: TITLE: CODE; NAME: TITLE: CODE:

Verbiage of MT 799 and MT 760

Uploaded by

Copyright:

Available Formats

Verbiage of MT 799 and MT 760

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Verbiage of MT 799 and MT 760

Uploaded by

Copyright:

Available Formats

FORMAT OF THE PROVIDER’S PRE-ADVICE VIA MT799

(Same Day Delivery by Bank to Bank International swift System)

WE -------------(ISSUING BANK AND ADDRESS)----------, HEREBY CONFIRM WITH FULL BANKING

THERE WILL BE NO LIENS AND ENCUMBRANCES ON THIS INSTRUMENT WHICH SHALL BE

WE FURTHER CONFIRM THAT THE BANK GUARANTEE/STANDBY LETTER OF CREDIT IS CASH-

SBLC TEXT WILL BE:

ALL CHARGES ARE FOR THE ACCOUNT OF APPLICANT AS AN OPERATIVE INSTRUMENT.

FOR AND ON BEHALF OF ------------- (ISSUING BANK AND ADDRESS) ----------.

BANK OFFICER1: BANK OFFICER2:

VERBIAGE / BG/SBLC FORMAT A SWIFT MT 760

THIS STANDBY LETTER OF CREDIT IS TRANSFERABLE AND ASSIGNABLE WITHOUT PRESENTATION

FOR AND ON BEHALF OF ------------- (ISSUING BANK AND ADDRESS) ----------.

You might also like