What are the Differences Between MT 700 and MT 760?
MT700 and MT760 swift message types that banks use when issuing documentary credits and guarantees, respectively.
Banks use MT700 when issuing a commercial letter...
Is It Possible to Confirm a Bank Guarantee?
In this article following topics will be explained:
What is the definition of confirmation in letters of credit?
What are the advantages of confirmation?
...
What are the Differences Between Bank Guarantees and Letters of Credit?
Demand guarantee is an irrevocable undertaking issued by a bank according to instructions received from the principal, to pay the beneficiary any sum that...
What is a Counter-Guarantee?
Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand.
Letter of credit means any arrangement,...
Bank Guarantee Sample in MT 760 Swift Format
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...
Retention Money Guarantee Sample
Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand.
In big projects such as building...
Performance Guarantee Sample
Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand.
Performance guarantee issued by a bank...
Advance Payment Bank Guarantee Sample
Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand.
An advance payment bank guarantee is...
Tender Bank Guarantee Sample
A tender guarantee (also called a tender bond or bid bond) is requested from the tender participants during the tender processes.
The aim of the...
Bank Guarantees
What is a Bank Guarantee?
Guarantees are usually issued by banks, which is why they are also called 'bank guarantees'; however, they can also be...
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