Bank Guarantee Sample in MT 760 Swift Format

0
4400

Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand.

MT 760 is a swift message type that is used by issuing banks when issuing a guarantee or a standby letter of credit.

Issuing banks send terms and conditions of a guarantee or a standby letter of credit with a MT 760 Guarantee / Standby Letter of Credit swift message type.

On this page you can find a bank guarantee sample in MT 760 swift format.

This is a real life example.

I have just changed the commercial information on the bank guarantee 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 expiry date as well as the guarantee amount also changed for commercial reasons.

Bank Guarantee Sample in MT 760 Swift 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 EUR 240.000,00.

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 FAVOR IN THE AMOUNT OF EUR 180.000,00.

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 EUR 180.000,00. (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 THERE UNDER IN DUE TIME IN THE AMOUNT CLAIMED BY THE BENEFICIARY UNDER THIS GUARANTEE, BUT NOT EXCEEDING EUR 180.000,00 IN THE AGGREGATE.

ANY DEMAND UNDER THIS GUARANTEE WILL BE HONORED 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,
  3. 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