{"id":5144,"date":"2019-02-27T05:23:48","date_gmt":"2019-02-27T10:23:48","guid":{"rendered":"https:\/\/www.letterofcredit.biz\/?p=5144"},"modified":"2019-04-06T03:03:48","modified_gmt":"2019-04-06T07:03:48","slug":"what-are-the-differences-between-mt-700-and-mt-760","status":"publish","type":"post","link":"https:\/\/www.letterofcredit.biz\/index.php\/2019\/02\/27\/what-are-the-differences-between-mt-700-and-mt-760\/","title":{"rendered":"What are the Differences Between MT 700 and MT 760?"},"content":{"rendered":"<p>MT700 and MT760 swift message types that banks use when issuing documentary credits and guarantees, respectively.<\/p>\n<ul>\n<li>Banks use MT700 when issuing a commercial letter of credit or a standby letter of credit.<\/li>\n<li>Banks use MT760 when issuing a demand guarantee or a standby letter of credit.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/10\/05\/mt-700-swift-message-field-specifications\/\">MT700<\/a> is used to indicate the terms and conditions of a <a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/10\/18\/what-are-the-differences-between-standby-letters-of-credit-and-commercial-letters-of-credit\/\">commercial documentary credit <\/a>or a <a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/10\/17\/stand-by-letters-of-credit\/\">standby letter of credit<\/a> which has been originated by the Sender (issuing bank). This message is sent by the issuing bank to the advising bank.<\/p>\n<p><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/10\/11\/mt-760-guarantee-standby-letter-of-credit\/\">MT760<\/a> is is sent between banks involved in the issuance of a demand guarantee or a standby letter of credit. It is used to issue a <a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/10\/12\/bank-guarantees\/\">guarantee<\/a> or to request the Receiver to issue a guarantee.<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #339966;\"><strong>Comparison Between MT700 and MT760<\/strong><\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5145 size-full\" title=\"Comparison Between MT700 and MT760\" src=\"https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/mt700-and-mt760-comparison.png\" alt=\"comparison between mt700 and mt760\" width=\"664\" height=\"1408\" srcset=\"https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/mt700-and-mt760-comparison.png 664w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/mt700-and-mt760-comparison-141x300.png 141w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/mt700-and-mt760-comparison-483x1024.png 483w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/mt700-and-mt760-comparison-198x420.png 198w\" sizes=\"(max-width: 664px) 100vw, 664px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MT700 and MT760 swift message types that banks use when issuing documentary credits and guarantees, respectively. Banks use MT700 when issuing a commercial letter of credit or a standby letter of credit. Banks use MT760 when issuing a demand guarantee<\/p>\n","protected":false},"author":1,"featured_media":5146,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[348,55,54,273,343,56,231],"tags":[276,344,238,239],"class_list":["post-5144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-guarantees","category-commercial-letter-of-credit","category-letter-of-credit-types","category-mt-700-issue-of-a-documentary-credit","category-mt-760-guarantee-standby-letter-of-credit","category-standby-letter-of-credit","category-swift-messages","tag-mt-700-issue-of-a-documentary-credit","tag-mt-760-guarantee-standby-letter-of-credit","tag-swift","tag-swift-messages"],"_links":{"self":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/5144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/comments?post=5144"}],"version-history":[{"count":0,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/5144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media\/5146"}],"wp:attachment":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media?parent=5144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/categories?post=5144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/tags?post=5144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}