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Bank Guarantee Sample in MT 760 Swift Format

















Bank Guarantee Sample in Pdf Format

===========================================
+++++++++++++++++++++++++++++++++++ INCOMING MESSAGE ++++++++++++++++++++++++++++++++
Message Receive Time : 03.08.2014 - 11:00
Message Type : 760 - GUARANTEE / STANDBY LETTER OF CREDIT
Delivery : N
Record Number : 0006000261000
Sender : DEBRDEGGXXX DEUTSCHE EXPORT BANK AG-FRANKFURT AM MAIN - GERMANY
Receiver : TLHLTRISXXX TURKISH IMPORT BANK A.S.- ISTANBUL - TURKEY
Value Date : 0
Currency :
Amount : ,00
Branch : TUM
Department : MUTUAL
Session Number : 4400
Sequence Number (ISN) : 960000
===========================================
27:Sequence of Total
    1/1

20:Transaction Reference Number
    100BGS1100000

23:Further Identification
    ISSUE

30:Date
    Date : 02.08.2014

40C:Applicable Rules
    URDG

77C:Details of Guarantee

WE HEREBY KINDLY REQUEST YOU TO ADVISE OUR FOLLOWING GUARANTEE TO BENEFICIARY WITHOUT ANY OBLIGATION ON YOUR PART:

QUOTE

PAYMENT GUARANTEE NO.   100BGS1100000
DATED 02 AUGUST 2014
.
THE GUARANTOR: DEUTSCHE EXPORT BANK AG-FRANKFURT AM MAIN - GERMANY

THE APPLICANT: SOOO `BELKELETE`, BELARUS, 220000 MINSK, ZAKOVASKAYA STR.10, ROOM 20

THE BENEFICIARY: HANDELSON MAKINA SANAYI VE TICARET A.S., GUZELYALI MAH. PAZARSUYU MEVKII BODRUM-MUGLA, TURKEY.

AS GUARANTOR, WE HAVE BEEN INFORMED THAT THE BENEFICIARY AND THE APPLICANT, HAVE CONCLUDED CONTRACT NO.1 DD JULY 17,
2014, CALLED `THE CONTRACT`, FOR SUPPLY OF CS-12000 KF (SUNFLOWER SEED, HAZELNUT AND ETC.) ROASTING LINE, CALLED `THE GOODS` FOR THE TOTAL AMOUNT OF EUR240.000,00.

ACCORDING TO THE CONTRACT TERMS THE APPLICANT`S OBLIGATIONS TO PAY FOR THE SUPPLIED GOODS MUST BE SECURED BY A BANK GUARANTEE ISSUED IN THE BENEFICIARY`S FAVOUR IN THE AMOUNT OF EUR180.000,00.

IN CONSIDERATION OF THE AFORESAID, WE, AS GUARANTOR, HEREBY IRREVOCABLY UNDERTAKE TO PAY TO THE BENEFICIARY ANY AMOUNT(S) IN EURO CLAIMED BY THE BENEFICIARY UP TO THE MAXIMUM OF EUR180.000,00. (IN WORDS: ONE HUNDRED EIGHTY THOUSAND EURO) UPON PRESENTATION OF THE ORIGINAL OF THE BENEFICIARY`S COMPLYING DEMAND IN PAPER FORM WITH REFERENCE TO THIS GUARANTEE NUMBER STATING THAT THE BENEFICIARY SUPPLIED THE GOODS TO THE APPLICANT IN CONFORMITY WITH THE CONTRACT TERMS AND THE APPLICANT HAS FAILED TO MEET A PART OF OR ALL HIS PAYMENT OBLIGATIONS THEREUNDER IN DUE TIME IN THE AMOUNT CLAIMED BY THE BENEFICIARY UNDER THIS GUARANTEE, BUT NOT EXCEEDING EUR180.000,00 IN THE AGGREGATE.


ANY DEMAND UNDER THIS GUARANTEE WILL BE HONOURED BY THE GUARANTOR ONLY WHEN:

  1. PRESENTED TO THE GUARANTOR AFTER 15 CALENDAR DAYS FROM THE DATE OF SHIPMENT INDICATED IN ANY RELEVANT INTERNATIONAL ROAD WAYBILL (CMR) (INCLUDING THE DATE OF SHIPMENT IN CALCULATION),
  2. SUPPORTED BY COPIES OF THE FOLLOWING DOCUMENTS PRESENTED IN PAPER FORM:
A) BENEFICIARY`S INVOICE INDICATING THE CONTRACT NUMBER AND DATE, AND
B) INTERNATIONAL ROAD WAYBILL (CMR) CONTAINING DATE OF SHIPMENT,
  1. PRESENTED THROUGH THE INTERMEDIARY OF TURKISH IMPORT BANK A.S.- ISTANBUL - TURKEY WHICH WILL
A) FORWARD IT TO THE GUARANTOR UNDER THEIR COVER LETTER TOGETHER WITH THE DOCUMENTS AS PER POINT 2. OF PRESENT PARAGRAPH, AND 
B) CONFIRM TO THE GUARANTOR BY AUTHENTICATED SWIFT MESSAGE FORMAT MT799 TO THE GUARANTOR`S SWIFT ADDRESS DEBRDEGGXXX THE AUTHENTICITY OF SIGNATURE(S) APPEARING ON THE BENEFICIARY`S DEMAND.

LANGUAGE OF ALL REQUIRED DOCUMENTS UNDER THIS GUARANTEE IS ENGLISH.

THIS GUARANTEE IS VALID UNTIL 26.09.2014, CALLED `THE EXPIRY DATE`. AFTER THE EXPIRY DATE THE GUARANTOR`S LIABILITIES HEREUNDE WILL EXPIRE IN FULL AND AUTOMATICALLY. THE ORIGINAL OF THE BENEFICIARY`S DEMAND TOGETHER WITH REQUIRED DOCUMENTS MUST BE RECEIVED BY THE GUARANTOR
A) ON OR BEFORE THE EXPIRY DATE,
B) AT THE PLACE OF PRESENTATION - DEUTSCHE EXPORT BANK AG-FRANKFURT AM MAIN - GERMANY, EXCEPT FOR DOCUMENT 3B) OF PRESENT GUARANTEE WHICH MUST BE PRESENTED IN ELECTRONIC FORM TO GUARANTOR`S SWIFT ADDRESS: DEBRDEGGXXX.
.
ALL CHARGES UNDER THE GUARANTEE ARE FOR THE PRINCIPAL`S ACCOUNT.
.
THIS GUARANTEE IS SUBJECT TO THE UNIFORM RULES FOR DEMAND GUARANTEES (URDG) 2010 REVISION, ICC PUBLICATION NO.758.
.
UNQUOTE
.
THIS IS THE OPERATIVE INSTRUMENT AND NO MAIL CONFIRMATION WILL FOLLOW.
PLEASE CONFIRM EXECUTION.
KIND REGARDS












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On this page you can find a bank guarantee sample in MT 760 swift format. This is a real life bank guarantee example. I have just changed the critical information such as the name of the guarantor bank, the name of the advising bank, the name of the beneficiary and the applicant. Date of issue and expriy date as well as the guarantee amount also changed for commercial reasons.  Hope you enjoy this bank guarantee template.



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Status
Tag
Field Name
M
27
Sequence of Total
M
20
Transaction Reference Number
M
23
Further Identification
O
30
Date
M
40C
Applicable Rules
M
77C
Details of Guarantee
O
72
Sender to Receiver Information
O : Optinal           M : Mandatory
MT 760 Guarantee / Standby Letter of Credit


  • This message is sent between banks involved in the issuance of a guarantee.
  • It is used to issue a guarantee or to request the Receiver to issue a guarantee.
  • This message may also be used for Standby Letters of Credit.





MT 760 Scope


  • Any applicable rules must be indicated in field 40C. If no rules are applicable, this must also be indicated (code "NONE"). If the guarantee is subject to rules other than URDG (Uniform Rules for Demand Guarantees, International Chamber of Commerce, Paris, France) or ISP (International Standby Practices International Chamber of Commerce, Paris, France) it must be indicated in field 40C using the code OTHR.
  • The definition of this message type does not specify any characteristics or underlying agreements of the actual guarantee. Therefore, all specific terms, conditions and details of the guarantee are to be specified in field 77C.
  • Since a SWIFT message is restricted to the maximum input message length, more than one MT 760 may be required to accommodate all the details of the guarantee.





MT 760 Usage Rules
URDG 758 Table of Contents

  • Article 1 : Application of URDG
  • Article 2 Definitions
  • Article 3 Interpretation
  • Article 4 Issue and effectiveness
  • Article 5 Independence of guarantee and counter-guarantee
  • Article 6 Documents v. goods, services or performance
  • Article 7 Non-documentary conditions
  • Article 8 Content of instructions and guarantees
  • Article 9 Application not taken up
  • Article 10 Advising of guarantee or amendment
  • Article 11 Amendments
  • Article 12 Extent of guarantor’s liability under guarantee
  • Article 13 Variation of amount of guarantee
  • Article 14 Presentation
  • Article 15 Requirements for demand
  • Article 16 Information about demand
  • Article 17 Partial demand and multiple demands; amount of demands
  • Article 18 Separateness of each demand
  • Article 19 Examination
  • Article 20 Time for examination of demand; payment
  • Article 21 Currency of payment
  • Article 22 Transmission of copies of complying demand
  • Article 23 Extend or pay
  • Article 24 Non-complying demand, waiver and notice
  • Article 25 Reduction and termination
  • Article 26 Force majeure
  • Article 27 Disclaimer on effectiveness of documents
  • Article 28 Disclaimer on transmission and translation
  • Article 29 Disclaimer for acts of another party
  • Article 30 Limits on exemption from liability
  • Article 31 Indemnity for foreign laws and usages
  • Article 32 Liability for charges
  • Article 33 Transfer of guarantee and assignment of proceeds
  • Article 34 Governing law
  • Article 35 Jurisdiction