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    (G) Verbiage - SBLC MT760

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    Handy Usodo
    The document is a draft of a SWIFT message for issuing an irrevocable standby letter of credit. It provides details of the letter of credit such as the issuing bank, applicant, beneficiary, currency, face amount, maturity date, and terms for payment upon demand. The letter of credit is callable, transferable, and governed by ICC UCP600 rules.

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    © All Rights Reserved
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    (G) Verbiage - SBLC MT760

    Uploaded by

    Handy Usodo
    34 views2 pages
    The document is a draft of a SWIFT message for issuing an irrevocable standby letter of credit. It provides details of the letter of credit such as the issuing bank, applicant, beneficiary, currency, face amount, maturity date, and terms for payment upon demand. The letter of credit is callable, transferable, and governed by ICC UCP600 rules.

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    banking instrumen

    Original Title

    (G) Verbiage - SBLC MT760 (3)

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    The document is a draft of a SWIFT message for issuing an irrevocable standby letter of credit. It provides details of the letter of credit such as the issuing bank, applicant, beneficiary, currency, face amount, maturity date, and terms for payment upon demand. The letter of credit is callable, transferable, and governed by ICC UCP600 rules.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    34 views2 pages

    (G) Verbiage - SBLC MT760

    Uploaded by

    Handy Usodo
    The document is a draft of a SWIFT message for issuing an irrevocable standby letter of credit. It provides details of the letter of credit such as the issuing bank, applicant, beneficiary, currency, face amount, maturity date, and terms for payment upon demand. The letter of credit is callable, transferable, and governed by ICC UCP600 rules.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    [STANDBY LETTER OF CREDIT]

    <THROUGH>
    RIGHT TRANSFERAL – HANDLING OVER (RT-HO)
    VIA BANK-TO-BANK BRUSSELS SWIFT SYSTEMS

    DATE: Saturday, August 19, 2023


    _________________________________________________________________________
    EXHIBIT G: VERBIAGE OF SBLC VIA SWIFT FIN MT760
    (SPECIMEN COPY/EDITABLE – FINAL VERBIAGE MUST BE APPROVED BY THE RECEIVER BEFORE ISSUANCE]

    ------------------------------------------------------------------- SWIFT MESSAGE HEADER -----------------------------------------------------------------


    START TRANSMISSION
    DATE: XX.XX.XX REPRINT FROM LOCAL SWIFT ACKS
    MTT TOME: XX: XX: XX GMT +0
    SRC RTE: DTN RTE: MSG TYPE: 760
    INSTANCE TYPE AND TRANSMISSION
    NETWORK DELIVERY STATUS: NETWORK ACK PRIORITY: URGENT
    CORRESPONDENT INPUT REFERENCE:
    CORRESPONDENT OUTPUT REFERENCE:
    SWIFT INPUT: MT760 STANDBY LETTER OF CREDIT (SBLC)
    SENDER:
    RECEIVER:
    F27: SEQUENCE OF TOTAL X/X
    F20: TRANSACTION REFERENCE NUMBER X
    F30: ISSUE DATE
    XX/XX/XX
    MATURITY DATE
    XX/XX/XX
    F40C: APPLICABLE RULES ICC UCP 600
    XXXXXXXX
    F77C: DETAILS OF STANDBY LETTER OF CREDIT (SBLC) SBLC NO:
    APPLICANT:
    BENEFICIARY:
    CURRENCY: USD ($)
    FACE AMOUNT:
    LATEST DATE FOR CLAIMS: “EXPIRY DATE” ONE (1) YEAR ONE (1) DAY FROM DATE OF ISSUE
    SENDER’S REFERENCE
    50A: ACCOUNT WITH INSTITUTION
    *** BANK NAME:
    *** BANK ADDRESS:
    *** ORDERING CUSTOMER:
    *** ACCOUNT/IBAN NUMBER:
    *** SWIFT CODE:
    F57 RECEIVER BIC:
    *** BANK NAME:
    *** BANK ADDRESS:
    *** ACCOUNT/IBAN NO:
    *** ACCOUNT NAME:
    *** SWIFT CODE:
    F79: NARRATIVE DESCRIPTION OF ORIGINAL MESSAGE
    IRREVOCABLE STANDBY LETTER OF CREDIT NO:
    TRACKING NUMBER:
    SBLC CERTIFICATE NO:
    DAER BANKERS,
    [STANDBY LETTER OF CREDIT]
    <THROUGH>
    RIGHT TRANSFERAL – HANDLING OVER (RT-HO)
    VIA BANK-TO-BANK BRUSSELS SWIFT SYSTEMS

    DATE: Saturday, August 19, 2023


    _________________________________________________________________________
    FOR VALUE RECEIVED, WE, ----- {NAME OF ISSUING BANK} -----, AT --------- {FULL BANK
    ADDRESS} -----------, WITH FULL BANKING RESPONSIBILITY AND LIABILITY HEREBY ISSUE OUR
    IRREVOCABLE, UNCONDITIONAL AND FULLY CASH BACKED STANDBY LETTER OF CREDIT NO : ------
    --- IN FAVOUR OF YOUR CLIENT ________________ (BENEFICIARY)WITH ACCOUNT NUMBER: ………….
    FOR THE AMOUNT OF TWO HUNDRED FIFTY MILLION DOLLARS EUROS (€ 250,000,000.00), VALID
    FOR ONE (1) YEAR AND ONE (1) MONTH AND DUE FOR PAYMENT AT MATURITY ON __________ {1
    YEAR + 1 MONTH MATURITY DATE FROM ISSUING DATE} _____________
    .
    WE HEREBY IRREVOCABLY AND UNCONDITIONALLY UNDERTAKE TO PAY IN FULL AGAINST THIS STANDBY
    LETTER OF CREDIT AT MATURITY DATE, WITHOUT ANY PROTEST OR NOTIFICATION, DELAY OR
    OBJECTION, THE SUM OF TWO HUNDRED FIFTY MILLION EUROS (€ 250,000,000.00) IN THE LAWFUL
    CURRENCY OF THE EUROPEAN UNION TO THE ORDER OF __________________ THE BENEFICIARY, WITH
    ACCOUNT NUMBER ____________________, THE BEARER OR HOLDER THEREOF, AT MATURITY. SUCH
    PAYMENT SHALL BE MADE FREE AND CLEAR OF ANY DEDUCTIONS CHARGES, FEES OR WITHHOLDING,
    UPON RECEIVING BENEFICIARY’S FIRST DEMAND VIA BANK WIRE SYSTEM AND SURRENDER OF THIS
    STAND- BY LETTER OF CREDIT NO: -------------- AT THIS BANK AT THE MATURITY DATE, BUT
    NOT LATER THEN FIFTEEN (15) DAYS AFTER THE MATURITY DATE.
    .
    SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY DEDUCTION OR
    CHARGE, FEE OR WITHHOLDING OF ANY NATURE PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED,
    COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OF THE UNITED KINGDOM OR ANY POLITICAL
    SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.
    .
    THIS STANDBY LETTER OF CREDIT IS CALLABLE, ASSIGNABLE, TRANSFERABLE, DIVISIBLE,
    CONFIRMED AND FULLY PERFORMED WITHOUT PRESENTATION OF IT TO US AND WITHOUT PAYMENT OF
    ANY TRANSFER FEE OR CHARGE. WE HEREBY ENGAGE WITH YOU THAT THE DEMAND MADE UNDER AND
    IN COMPLIANCE WITH THE TERMS OF THIS STANDBY LETTER OF CREDIT, SHALL BE DULY HONOURED
    ON DUE PRESENTATION TO US. THE DEMAND HEREUNDER MUST BE MARKED “DRAWN UNDER STANDBY
    LETTER OF CREDIT NO: -------- DATED, _________ {GUARANTY ISSUE DATE}
    .
    THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOM AND PRACTICES FOR
    DOCUMENTARY CREDIT AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE,
    ICC PUBLICATION NO. 600 AND ITS LATEST REVISIONS.
    .
    THIS STANDBY LETTER OF CREDIT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
    THE LAWS OF THE EUROPEAN UNION.
    .
    THIS SWIFT IS OUR VALID AND OPERATIVE INSTRUMENT. NO MAIL CONFIRMATION WILL FOLLOW.
    ALL CHARGES ARE FOR THE ACCOUNT OF APPLICANT.
    FOR AND ON BEHALF: ______________ BANK
    BANK OFFICER 1 BANK OFFICER 2
    NAME: NAME:
    TITLE: TITLE:
    ID: ID:
    PIN: PIN:

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