Are MT-760’s Safe?

As an issuer of an MT 760, you should be aware that you are exposing yourself to a great deal of risk. Unlike other payment methods, such as a Letter of Credit, which requires the seller to fulfill certain conditions and provide proof that sugar has shipped before being paid, a MT-760 provides the seller with free access to your funds with no restrictions whatsoever. For this reason, it is not recommended that you issue an MT-760 to an unfamiliar trading partner.
Blockedfund.com is in the leased funds business, we have been doing this for over 5 years and deal with the top banks, HSBC, Dutch Bank, Barclay’s, Bank of America, mostly any bank in the world in every continent.  We understand each transaction and work to create a win-win result for our clients.  We manage over $5B in funds, and can fulfill most funding requests, in 2-14 days.  We can issue MT202, MT799, MT760, bank gaurantees, sblcs, cash accounts for trade or credit enhancement purposes.

Blocked Funds

2711 N. Haskell Ave
Suite 550
Dallas, TX 75204
Local Phone: 1-214-296-9552
Local Fax: 1-214-296-9552
Toll Free: 1-888-625-7518
International: +1 214-716-5018
Toll Free Fax:  1-888-625-7518
International Fax: +1 214-613-1640
Email: info@blockedfunds.com
Website www.blockedfunds.com
Skype:  goodman.atoztask

help line: 972-704-1696

How Do I Get A MT-760?

A MT-760 can be obtained from your bank. Some banks are not willing to issue MT-760’s however, so if an MT-760 is absolutely essential, you may have to be prepared to move your funds to another banking institution. It is wise to inquire at your bank before committing to any sale that requires a MT-760 as part of its terms and conditions.

Blockedfunds.com is in the leased funds business, we have been doing this for over 5 years and deal with the top banks, HSBC, Dutch Bank, Barclay’s, Bank of America, mostly any bank in the world in every continent.  We understand each transaction and work to create a win-win result for our clients.  We manage over $5B in funds, and can fulfill most funding requests, in 2-14 days.  We can issue MT202, MT799, MT760, bank gaurantees, sblcs, cash accounts for trade or credit enhancement purposes.

Blockedfunds.com
2711 N. Haskell Ave
Suite 550
Dallas, TX 75204
Local Phone: 1-214-296-9552
Local Fax: 1-214-296-9552
Toll Free: 1-888-625-7518
International: +1 214-716-5018
Toll Free Fax:  1-888-625-7518
International Fax: +1 214-613-1640
Email: info@blockedfunds.com
Website http://www.blockedfunds.com
Skype: goodman.atoztask
Help line: 972-704-1696

Is A MT-760 Negotiable

In a simple way No.  Once a MT-760 has been issued, it is not negotiable. For this reason, many sugar traders prefer a Letter of Credit, which is negotiable and can be amended in response to unforeseen changes in circumstances, such as a delayed shipping schedule, lower production than anticipated, and other such events.

Blockedfunds.com is in the leased funds business, we have been doing this for over 5 years and deal with the top banks, HSBC, Dutch Bank, Barclay’s, Bank of America, mostly any bank in the world in every continent.  We understand each transaction and work to create a win-win result for our clients.  We manage over $5B in funds, and can fulfill most funding requests, in 2-14 days.  We can issue MT202, MT799, MT760, bank gaurantees, sblcs, cash accounts for trade or credit enhancement purposes.

Blockedfunds.com
2711 N. Haskell Ave
Suite 550
Dallas, TX 75204
Local Phone: 1-214-296-9552
Local Fax: 1-214-296-9552
Toll Free: 1-888-625-7518
International: +1 214-716-5018
Toll Free Fax:  1-888-625-7518
International Fax: +1 214-613-1640
Email: info@blockedfunds.com
Website http://www.blockedfunds.com
Skype: goodman.atoztask
Help line: 972-704-1696

How Much Does A MT-760 Cost?

The cost of an MT-760 varies greatly from bank to bank. Be aware however, that due to the amount of risk involved for a bamt760 costnk in guaranteeing payment, a MT-760 is normally fairly expensive, with the usual bank fee for issuing a MT-760 being between 0.5% and 1.5% of the total value of the MT-760.

Blockedfunds.com is in the leased funds business, we have been doing this for over 5 years and deal with the top banks, HSBC, Dutch Bank, Barclay’s, Bank of America, mostly any bank in the world in every continent.  We understand each transaction and work to create a win-win result for our clients.  We manage over $5B in funds, and can fulfill most funding requests, in 2-14 days.  We can issue MT202, MT799, MT760, bank gaurantees, sblcs, cash accounts for trade or credit enhancement purposes.

Blockedfunds.com
2711 N. Haskell Ave
Suite 550
Dallas, TX 75204
Local Phone: 1-214-296-9552
Local Fax: 1-214-296-9552
Toll Free: 1-888-625-7518
International: +1 214-716-5018
Toll Free Fax:  1-888-625-7518
International Fax: +1 214-613-1640
Email: info@blockedfunds.com
Website http://www.blockedfunds.com
Skype: goodman.atoztask
Help line: 972-704-1696

What Does A MT-760 Look Like?

It is important to remember that an MT-760 is actually an interbank communication, so one never really sees an MT-760. The forms which need to be filled out to apply for an MT-760 can vary widely from bank to bank.

Blockedfunds.com is in the leased funds business, we have been doing this for over 5 years and deal with the top banks, HSBC, Dutch Bank, Barclay’s, Bank of America, mostly any bank in the world in every continent.  We understand each transaction and work to create a win-win result for our clients.  We manage over $5B in funds, and can fulfill most funding requests, in 2-14 days.  We can issue MT202, MT799, MT760, bank gaurantees, sblcs, cash accounts for trade or credit enhancement purposes.

Blockedfunds.com
2711 N. Haskell Ave
Suite 550
Dallas, TX 75204
Local Phone: 1-214-296-9552
Local Fax: 1-214-296-9552
Toll Free: 1-888-625-7518
International: +1 214-716-5018
Toll Free Fax:  1-888-625-7518
International Fax: +1 214-613-1640
Email: info@blockedfunds.com
Website http://www.blockedfunds.com
Skype: goodman.atoztask
Help line: 972-704-1696

What Happens When My Bank Issues An MT-760?

When an MT-760 is issued, the issuing bank puts a hold on the client’s funds, blocking the client from using them. The funds are then at the disposal of the person the MT-760 was issued in favor of. For this reason it is not wise to issue an MT-760 before receiving product, as this can mean a large financial loss for absolutely no gain. In some cases, unscrupulous traders can even use the MT-760 to open a line of credit, which they then default on, leaving the issuer of the MT-760 out of pocket.

Blockedfunds.com is in the leased funds business, we have been doing this for over 5 years and deal with the top banks, HSBC, Dutch Bank, Barclay’s, Bank of America, mostly any bank in the world in every continent.  We understand each transaction and work to create a win-win result for our clients.  We manage over $5B in funds, and can fulfill most funding requests, in 2-14 days.  We can issue MT202, MT799, MT760, bank gaurantees, sblcs, cash accounts for trade or credit enhancement purposes.

Blockedfunds.com
2711 N. Haskell Ave
Suite 550
Dallas, TX 75204
Local Phone: 1-214-296-9552
Local Fax: 1-214-296-9552
Toll Free: 1-888-625-7518
International: +1 214-716-5018
Toll Free Fax:  1-888-625-7518
International Fax: +1 214-613-1640
Email: info@blockedfunds.com
Website http://www.blockedfunds.com
Skype: goodman.atoztask
Help line: 972-704-1696

SWIFT Codes

There are a great many SWIFT codes which correspond to various types of message. A SWIFT code is normally made up of the letters ‘MT’, and then a three digit number. The ‘MT’ simply stands for ‘message type’, and the numbers correspond to a certain type of SWIFT message. For obvious reasons these numbers are standardized globally and do not change between countries.

Blockedfunds.com is in the leased funds business, we have been doing this for over 5 years and deal with the top banks, HSBC, Dutch Bank, Barclay’s, Bank of America, mostly any bank in the world in every continent.  We understand each transaction and work to create a win-win result for our clients.  We manage over $5B in funds, and can fulfill most funding requests, in 2-14 days.  We can issue MT202, MT799, MT760, bank gaurantees, sblcs, cash accounts for trade or credit enhancement purposes.

Blockedfunds.com
2711 N. Haskell Ave
Suite 550
Dallas, TX 75204
Local Phone: 1-214-296-9552
Local Fax: 1-214-296-9552
Toll Free: 1-888-625-7518
International: +1 214-716-5018
Toll Free Fax:  1-888-625-7518
International Fax: +1 214-613-1640
Email: info@blockedfunds.com
Website http://www.blockedfunds.com
Skype: goodman.atoztask
Help line: 972-704-1696

Why Are SWIFT Messages so commonly used ?

SWIFT messages have become popular in the sugar trade due to their simplicity and efficiency. Because SWIFT messages are issued from bank to bank, there is little room for the sorts of human errors that can come into play when requesting hard copies of documentation. They are also much quicker than traditional methods of communication. A SWIFT message can be sent and received within seconds, and though they are still subject to processing time, this is much quicker than sending communications through the mail, and is much more secure.

Example: Swift MT202, MT799, MT760

Blockedfunds.com is in the leased funds business, we have been doing this for over 5 years and deal with the top banks, HSBC, Dutch Bank, Barclay’s, Bank of America, mostly any bank in the world in every continent.

Blockedfunds.com
2711 N. Haskell Ave
Suite 550
Dallas, TX 75204
Local Phone: 1-214-296-9552
Local Fax: 1-214-296-9552
Toll Free: 1-888-625-7518
International: +1 214-716-5018
Toll Free Fax:  1-888-625-7518
International Fax: +1 214-613-1640
Email: info@blockedfunds.com
Website www.blockedfunds.com
Skype: goodman.atoztask                                                                                                             Help line: 972-704-1696

SWIFT MT760

The MT-760 is a type of SWIFT message that is sometimes requested in sugar trading because it functions much like a Bank Guarantee, although it carries with it a much higher level of risk for the issuer (usually the buyer), and a reduced level of risk for the recipient (the seller). Essentially, a MT-760 is a SWIFT message which guarantees that a bank will make payment in favor of a client of another bank. When a MT-760 is issued, the issuing bank puts a hold on its client’s funds, thereby ensuring that the funds are in place to make payment to the recipient of the MT-760.

Blockedfunds.com is one of leasing funds business. We issue  MT202, MT799, MT760, bank gaurantees, sblcs, cash accounts for trade or credit enhancement purposes. we have been doing this for over 5 years and deal with the top banks, HSBC, Dutch Bank, Barclays, Bank of America, mostly any bank in the world in every continent.

Blockedfunds.com
2711 N. Haskell Ave
Suite 550
Dallas, TX 75204
Local Phone: 1-214-296-9552
Local Fax: 1-214-296-9552
Toll Free: 1-888-625-7518
International: +1 214-716-5018
Toll Free Fax:  1-888-625-7518
International Fax: +1 214-613-1640
Email: info@blockedfunds.com
Website www.blockedfunds.com
Skype: goodman.atoztask                                                                                                                 Help line: 1-972-704-1696

Blocked Funds Procedure

Read more about the streamlined procedure of Blocked funds we proudly offer.

• Client, or client’s representative, will provide the necessary information to provide a quote. The minimum information needed is: the client’s name, email address, telephone number, and physical address, account amount, account term and type of account verification required.
• A Term Sheet will be issued for the amount requested by the Client. The Term Sheet will stipulate the Arrangement Fee, refundable processing costs, escrow fee and include a short application.
• Upon receipt of the signed Term Sheet, processing fee, escrow fee, application and proof of ability to deposit the Arrangement Fee in the Escrow Account, a Principal Agreement will be issued detailing how the POF is to be provided. The agreement will include provisions concerning delivery of confirmation documentation and terms of account use.
• Escrow instructions will also be provided so that the initial Arrangement Fee can be deposited by the Client into the Escrow Trust Account. It is a condition in the Escrow Agreement that in the event we do not open the POF account, the Arrangement Fee will be returned in full to the Client by the Escrow Agent.
• Concurrent with the Client’s execution of the Principal and Escrow Agreements, the Client must deposit the initial Arrangement Fee into the Escrow Account. The Client will be required to provide the necessary documentation to complete the account establishment process. This information will include at a minimum; color copies of photo ID’s for all signatories, a second document including name and address, Certificate of Incorporation/Organization for companies, Employer Identification Number for companies and Corporate resolutions (if applicable) and social security numbers for all signatories. The Client will be a signatory on the account, but will be unable to conduct transactions in the account or encumber the finances alloted in the account in any manner.
• Upon confirmation that the Arrangement Fee has been deposited by the Client into the Escrow Trust Account, the Proof of Funds Account will be opened in the Client’s name, and financial resources will be deposited into the POF account in the amount stipulated in the Principal Agreement.
• The Arrangement Fee is released from the Trust Account when confirmation is provided to the Escrow Agent that the account has been set up in the client’s name, and that the appropriate amount has been deposited as stipulated in the Principal Agreement.
• The Proof of Funds account will remain open for the Client’s use for the period of time stated in the Principal Agreement, and conditionally, may be extended through mutual agreement, and payment by the Client of the Arrangement Fee for such extensions within five (5) days of the expiration of the current term.