BG/SBLC VERBIAGE (MT799 – MT760)

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

BG/SBLC VERBIAGE (MT799 - MT760)
BG/SBLC VERBIAGE (MT799 – MT760)

FORMAT OF PRE-ADVICE via MT799

Swift Input                 :           FIN 799 Free Format Message

Sender                        :     XXXXXXXX

                                          XXXXXXXX

                                          XXX XX

Receiver                     :     XXXXXXXX

                                          XXXXXXXX

                                          XXX XX

——————————–Message Text——————————–

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

——————————-Message Trailer——————————-

CLICK HERE TO GET BG/SBLC FROM PRIME BANKS

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