Bank Instruments MT799 & MT760

Bank Instruments Explained

MT799

In dealing in Bank Guarantees (Demand Guarantees) and Letters of Credit (Documentary Credits), one may hear the phrase ‘MT799’.

This is the SWIFT Message Type that Bank Guarantees can communicate authenticated free format messages securely. Inter-communicating banks may use this Message Type on their SWIFT systems to communicate various types of messages and offer pre-advice of intended transactions. This Message Type is free format, allowing the Operator to type freely various messages connected with MT700 communications, i.e. Documentary Credits and Guarantees.

It is important not to get caught up in inter-bank jargon and would advise that this phrase is not used when discussing Bank Guarantees as it neither concerns the client nor the recipient. Its meaning is strictly inter-bank communication and nothing else.

MT760Image result for mt760 bank guarantee picture

In dealing in Bank Guarantees, one may hear the phrase ‘MT760’.

This is the SWIFT Message Type that Bank Guarantees are sent and received by inter-communicating banks. When sending a Bank Guarantee by SWIFT, the SWIFT Operator will enter the details on this Message Type relating to the specifics of the Guarantee.

It is only Bank Guarantees that are sent with this Message Type 760.

It is important not to get caught up in inter-bank jargon and would advise that this phrase is not used when discussing Bank Guarantees as it neither concerns the client nor the recipient. Its meaning is strictly inter-bank communication and nothing else.

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Monetisation

We offer monetisation for most top rated banks and some unrated smaller banks. LTV normally 80% Standard B to B procedure. For more information http://economic-consultants.com/funding/bank-instruments/complete-non-recourse-bank-guarantee-monetization-of-leased-bgs/

EC Trading Programs

Our Blocked Funds Service offers trading at very high LTV values with great weekly or monthly returns. Money always remain in clients own bank account with full control.

We can Tailor Programs for clients with assets above 1B.

We have direct access to Tier One Trading Platforms and
For more information go to Investments, Trading Platforms above or Contacts and complete the form under Contact Us, or contact one of our partners. You can find contact details for all of us under the Contact page! Alternatively write to info@economic-consultants.com.

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