Tag Archive: swift MT760


Bank Guarantee


A bank guarantee can mitigate these risks and function as a safeguard for both parties of a transaction, providing insurance in the event that one cannot carry out the conditions established under a contract. With 100% cash-backed BG’s and relationships with only top world banks, FastBankGuarantee.com can advise and assist you in acquiring your next bank guarantee.

SWIFT MT760

An account with the SWIFT MT760 capability allows bank-to-bank SWIFT electronic verification of the account, and will include a blocked funds provision. There is no other bank guarantee provision available in the SWIFT instructions. There is a $1 million minimum account size for this SWIFT wire communication. Additional costs apply.

SWIFT MT799

An account with the SWIFT MT799 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in compliance with the SWIFT Category 7 “Treasury Markets & Syndication” message types. Often there is a misconception that a particular circumstance requires a SWIFT MT760 message, when in fact, the SWIFT MT799 format provides the required bank confirmation for the application. There is a $1 million minimum account size for a SWIFT MT799, and additional costs apply

SWIFT MT999

An account with the SWIFT MT999 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in the account, with no further comment. This SWIFT format is an appropriate message for a simple Proof of Funds communication and it is part of the Common Group of SWIFT formats providing a General Free Format for SWIFT messaging. There is a $1 million minimum account size for a SWIFT MT999, and additional costs apply.

Stand-by Letter of Credit

A Standby Letter of Credit (SBLC) is a painless form of asset enhancement, effectively increasing your investment potential. Whether conducting business domestically or internationally, An SBLC can support your transactions in a myriad of ways, allowing your company to reach its investment project goals simply and securely.

We have an extensive experience in assisting and issuing Standby Letters of Credit (SBLC). Our representatives are greatly skilled in providing SBLC consultation and can tailor this versatile financial instrument to fit your company’s current funding needs.

These types of Bank Instruments can be issued to individuals, corporations, trust, pension funds, endowments, non profit organizations, or to any payable entity. Letters of credit accomplish their purpose by substituting the credit of the bank for that of the customer, for the purpose of facilitating trade. There are basically two types: commercial and standby. The commercial letter of credit is the primary payment mechanism for a transaction, whereas the standby letter of credit is a secondary payment mechanism.

Bank Guarantee Brokers

Through our broker program, independent representatives can provide our services to their clients for new income opportunities. We provide superior service and pricing to our broker partners to help them meet their client’s financial requirements. We continuously update our program offerings to provide you new opportunities in today’s evolving marketplace. Please fill out the form below to get started in the program immediately. All client information is kept strictly confidential and brokers are protected.

Daniel Goodman
CALL ME DIRECT 1-(972)704-1696

http://www.blockedfunds.com
SWIFT BIC: MTCMUS61

BlockedFunds.com is the premiere agency for equity and debt-secured cash accounts, on a fixed-return basis, for Proof of Funds uses. We provide organizations and individuals the capability to complete long-term financing or meet other on-going project needs.

Toll Free: +1(888)625-7518
Toll Free Fax: +1(888)625-7518
Local Phone +1(214)296-9552
International +1(214)716-5018
International FAX +1(214)613-1640

Email: info@blockedfunds.com
Skype: goodman.atoztask
Web : www.blockedfunds.com

MT799 service

MT 799 confirmation 

An account with the SWIFT MT799 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in compliance with the SWIFT Category 7 “Treasury Markets & Syndication” message types. Often there is a misconception that a particular circumstance requires a SWIFT MT760 message, when in fact, the SWIFT MT799 format provides the required bank confirmation for the application.

There is a $1 million minimum account size for a SWIFT MT799, and additional costs apply.


There is a $1 million minimum account size for a SWIFT MT799, and additional costs apply.

SWIFT MT 799 -  Sample MT-799 PDF

The MT-799 is a free format SWIFT message type in which a banking institution confirms that funds are in place to cover a potential trade. This can, on occasion, be used as an irrevocable undertaking, depending on the language used in the MT-799, but is not a promise to pay or any form of bank guarantee in its standard format. The function of the MT-799 is simply to assure the seller that the buyer does have the necessary funds to complete the trade.

An account with the SWIFT MT-799 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in compliance with the SWIFT Category 7 “Treasury Markets & Syndication” message types. Often there is a misconception that a particular circumstance requires a SWIFT MT760 message, when in fact, the SWIFT MT-799 format provides the required bank confirmation for the application. There is a $1 million minimum account size for a SWIFT MT-799, and additional costs apply.
The MT-799 is usually issued before a contract is signed and before a letter of credit or bank guarantee is issued. After the MT-799 has been received by the seller’s bank, it is then normally the responsibility of the seller’s bank to send a POP (proof of product) to the buyer’s bank, at which point the trade continues towards commencement.
The actual payment method commonly used is a documentary letter of credit or an MT-103 (wire transfer), which the seller presents to the issuing or confirming bank along with shipping documents. Once the bank confirms the documents, the seller is then paid. An alternative method is to use a bank guarantee in place of a letter of credit. It is normally at the seller’s discretion which method of payment is used.

The short answer is that you don’t. Approach your bank, and make an arrangement with them to have an MT-799 wired to the seller’s bank. Some banks are reluctant to issue MT-799’s, as these make them liable for the full cost of the trade, which can sometimes be in the millions. A bank will normally not issue an MT-799 without some form of collateral to secure their own interests, so be prepared to put up a hefty amount of collateral.

An MT-799 is an automated message sent electronically from one bank to another, so you won’t really ’see’ an MT-799 at all. The paperwork associated with an MT-799 will vary from bank to bank, though most banks follow a similar format.    
 


You will need the following information to send an MT-799.
• Name of the advising bank.
• LC Number.
• LC Amount.
• Tenor of Draft.
• Latest shipment date.
• Person or entity liable for confirmation fee.
• Whether the LC is restricted for negotiation or not.
• A description of the merchandise.
• Port and/or country where product will be loaded.
• Port and/or country where product will be unloaded.


Daniel Goodman 
CALL ME DIRECT 1-(972)704-1696 

www.blockedfunds.com 

BlockedFunds.com is the premiere agency for equity and debt-secured cash accounts, on a fixed-return basis, for Proof of Funds uses. We provide organizations and individuals the capability to complete long-term financing or meet other on-going project needs.

Toll Free: +1(888)625-7518
Toll Free Fax: +1(888)625-7518
Local Phone +1(214)296-9552
International +1(214)716-5018
International FAX +1(214)613-1640

Email:  info@blockedfunds.com 
Skype: goodman.atoztask 
Web : www.blockedfunds.com 

BlockedFunds.com is the premiere agency for equity and debt-secured cash accounts, on a fixed-return basis, for Proof of Funds uses. We provide organizations and individuals the capability to complete long-term financing or meet other on-going project needs.

BlockedFunds.com Services

  • Funds seasoned for six (6) months
  • Account statements provided
  • Funded from a $217 billion hedge fund
  • Written Verification of Deposit
  • Electronic account verification option

Blockedfunds.com is the industry leader in providing short-term equity investments for Proof of Funds uses. With extensive experience in providing financial solutions for companies and individuals, we proudly offer you the advantage of dealing with a company that is known and respected in the industry for integrity and efficiency in successfully negotiating investments under the most favorable terms.

Our portfolio allows us to secure financial backing for a single project of up to $5 billion, while providing a superior level of underwriting for our partners in evaluating investment opportunities in order to insure they meet specific criteria that are suitable for the client’s needs.

Our seasoned and industry-experienced representatives are available to discuss with you the wide range of consulting services we offer. We offer personalized services tailored to your situation and are committed to securing equity investments for specialized uses that you and your company might need. Our investment resources provide the flexibility needed to accomplish and meet our client’s investment goals.

Daniel Goodman
CALL ME DIRECT 1-(972)704-1696 

Blocked Funds 

BlockedFunds.com is the premiere agency for equity and debt-secured cash accounts, on a fixed-return basis, for Proof of Funds uses. We provide organizations and individuals the capability to complete long-term financing or meet other on-going project needs.

Toll Free: +1(888)625-7518
Toll Free Fax: +1(888)625-7518
Local Phone +1(214)296-9552
International +1(214)716-5018
International FAX +1(214)613-1640

Email: info@blockedfunds.com 
Skype: goodman.atoztask 
Web : www.blockedfunds.com 

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

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

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

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

Blockedfunds.com info

BlockedFunds.com is the premiere agency for equity and debt-secured cash accounts, on a fixed-return basis, for Proof of Funds uses. We provide organizations and individuals the capability to complete long-term financing or meet other on-going project needs.

BlockedFunds.com Services

  • Funds seasoned for six (6) months
  • Account statements provided
  • Funded from a $217 billion hedge fund
  • Written Verification of Deposit
  • Electronic account verification option

We understand the real need of our customer. Click below to learn more and start your journey with us.

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: blockedfunds

1-972-704-1696 (help line)

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