SBLC/BG VERBIAGE via SWIFT MT760
SBLC/BG NO.: XXXXXXXXXXXX
ISSUING BANK: XXXXXXXX
CUSIP/ISIN NO: XXXXXXXXXX
ADDRESS: XXXXXXXXXXXXXXXXXX
SWIFT CODE: XXXXXXXX
BANK OFFICER: XXXXXXXX
APPLICANT: XXXXXXXXXXXXXXXXXX
DATE OF ISSUE: XXXXXX
DATE OF MATURITY: 12 MONTHS
CURRENCY: UNITED STATES DOLLARS
FACE AMOUNT: $XXX,000,000.00
RECEIVING BANK: TBA
ADDRESS: XXXXXXXXXXXXXXXXXX
SWIFT CODE: XXXXXXXX
BANK OFFICER: XXXXXXXX
BENEFICIARY: XXXXXXXXXXXXXXXXXX
TRANSACTION NO: XXXXXXXXXXXX
FOR VALUE RECEIVED, WE, (NAME & ADDRESS OF ISSUING BANK), HEREBY IRREVOCABLY AND UNCONDITIONALLY, WITHOUT PROTEST AND NOTIFICATION, PROMISE TO PAY AGAINST THIS STAND BY LETTER OF CREDIT/ BANK GUARANTEE TO THE ORDER OF /ASSIGNS AS THEIR INTERESTS MAY APPEAR, THE BEARER OR HOLDER THEREOF, AT MATURITY THE SUM OF $XXX,000,000.00 (IN WORDS) IN THE LAWFUL CURRENCY OF THE UNITED STATES OF AMERICA, UPON SURRENDER AND PRESENTATION OF THIS BANK GUARANTEE AT OUR OFFICE AT (ADDRESS OF ISSUING BANK), BUT NOT LATER THAN 15 (FIFTEEN) DAYS AFTER MATURITY DATE OF THIS SBLC/BG.
SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY DEDUCTION OR CHARGE, FEE OR WITHOLDING OF ANY NATURE PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED, COLLECTED, WITHELD OR ASSESSED BY THE GOVERNMENT OF (ISSUING COUNTRY) OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.
THIS SBLC/BG IS FREELY TRANSFERABLE, ASSIGNABLE AND DIVISIBLE WITHOUT PRESENTATION OF IT TO US AND WITHOUT THE PAYMENT OF ANY TRANSFER FEE OR CHARGE.
THIS SBLC/BG IS SUBJECT TO THE UNIFORM RULES FOR DEMAND GUARANTEE AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE, ICC PUBLICATION NO. 758, 2010 REVISION.
THIS SBLC/BG SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF (ISSUING COUNTRY).
ALL BANKING CHARGES ARE FOR THE ACCOUNT OF APPLICANT.
THIS IS AN OPERATIVE INSTRUMENT AND NO FURTHER MAIL CONFIRMATION WILL FOLLOW.
FOR AND ON BEHALF OF
(NAME AND ADDRESS OF ISSUING BANK)
AUTHORIZED BANK OFFICER #1
AUTHORIZED BANK OFFICER #2
BANK INSTRUMENT MONETIZATION & HOW TO MONETIZE BG/SBLC
FORMAT OF PRE-ADVICE via MT799
Swift Input : FIN 799 Free Format Message
Sender : XXXXXXXX
XXXXXXXX
XXX XX
Receiver : XXXXXXXX
XXXXXXXX
XXX XX
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20： Transaction Reference Number
XXXXXXXXXXXX
21： Related Reference
XXXXXXXXXXXXXXXXXXXX
79： Narrative
DEAR SIR/MADAM,
PLEASE ADVICE THIS SWIFT IMMEDIATELY TO YOUR CLIENT, XXXXXXXXXXXXXXXXXXXXXX WITH ACCT NO. XXXXXXXXX IN YOUR BANK (“YOUR CLIENT”).
WE, XXXXXXXXXXXX BANK AT XXXXXXXXXXXXXXXXXXXXXX, WITH FULL BANKING RESPONSIBILITY, HEREBY CONFIRM THAT WE ARE READY, WILLING AND ABLE TO ISSUE AND DELIVER OUR BANK GUARANTEE VIA SWIFT MT760 IN FAVOR OF YOUR CLIENT, XXXXXXXXXXXXXXXXXXXXXX WITH ACCT. NO. XXXXXXXX, AS BENEFICIARY, WITH A VALIDITY OF ONE (1) YEARS AND ONE (1) MONTH SINCE DATE OF ISSUE, IN THE FACE AMOUNT OF $XXX,000,000.00 (IN WORDS) IN THE LAWFUL CURRENCY OF THE UNITED STATES OF AMERICA).
WE HEREBY CONFIRM THE BANK GUARANTEE IS CASH-BACKED AND IS TRANSFERABLE, DIVISIBLE, ASSIGNABLE AND UNCONDITIONALLY CALLABLE UPON MATURITY BY OUR BANK. TEXT OF THE BANK GUARANTEE SHALL BE AS BELOW:
<QUOTE
BANK GUARANTEE NO.: XXXXXXXXXXXX
ISSUING BANK: XXXXXXXX
CUSIP/ISIN NO: XXXXXXXX
ADDRESS: XXXXXXXXXXXXXXXXXX
SWIFT CODE: XXXXXXXX
BANK OFFICER: XXXXXXXX
APPLICANT: XXXXXXXXXXXXXXXXXX
DATE OF ISSUE: XXXXXX
DATE OF MATURITY: XXXXXX
CURRENCY: UNITED STATES DOLLAR CURRENCY
FACE AMOUNT: $XXX,000,000.00
RECEIVING BANK: XXXXXXXXXXXXXXXXXX
ADDRESS: XXXXXXXXXXXXXXXXXX
SWIFT CODE: XXXXXXXX
BANK OFFICER: XXXXXXXX
BENEFICIARY: XXXXXXXXXXXXXXXXXX
TRANSACTION NO: XXXXXXXXXXXX
FOR VALUE RECEIVED, WE, (NAME & ADDRESS OF ISSUING BANK), HEREBY IRREVOCABLY AND UNCONDITIONALLY, WITHOUT PROTEST AND NOTIFICATION, PROMISE TO PAY AGAINST THIS BANK GUARANTEE TO THE ORDER OF XXXXXXXXXXXXXXXXXXXXXX, THE BEARER OR HOLDER THEREOF, AT MATURITY THE SUM OF $XXX,000,000.00 (IN WORDS) IN THE LAWFUL CURRENCY OF THE UNITED STATES OF AMERICA, UPON SURRENDER AND PRESENTATION OF THIS BANK GUARANTEE AT OUR OFFICE AT (ADDRESS OF ISSUING BANK).
SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY DEDUCTION OR CHARGE, FEE OR WITHOLDING OF ANY NATURE PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED, COLLECTED, WITHELD OR ASSESSED BY THE GOVERNMENT OF (ISSUING COUNTRY) OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.
THIS BANK GUARANTEE IS FREELY TRANSFERABLE, ASSIGNABLE AND DIVISIBLE WITHOUT PRESENTATION OF IT TO US AND WITHOUT THE PAYMENT OF ANY TRANSFER FEE OR CHARGE.
THIS BANK GUARANTEE IS SUBJECT TO THE UNIFORM RULES FOR DEMAND GUARANTEE AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE, ICC PUBLICATION NO. 758,2010 REVISION.
THIS BANK GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF (ISSUING COUNTRY).
ALL BANKING CHARGES ARE FOR THE ACCOUNT OF APPLICANT.
THIS IS AN OPERATIVE INSTRUMENT AND NO FURTHER MAIL CONFIRMATION WILL FOLLOW.
UNQUOTE>>
FOR AND ON BEHALF OF
(NAME AND ADDRESS OF ISSUING BANK)
COMPUTERIZED SIGNATURE OF AUTHORIZED BANK OFFICER #1
COMPUTERIZED SIGNATURE OF AUTHORIZED BANK OFFICER #2
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