Home > Uncategorized > What Happens When My Banks Issue An MT760

What Happens When My Banks Issue An MT760

When an MT-760 is issued, the issuing bank puts a hold on the client’s funds, blocking the client from using them. The funds are then at the disposal of the person the MT-760 was issued in favor of. For this reason it is not wise to issue an MT-760 before receiving product, as this can mean a large financial loss for absolutely no gain. In some cases, unscrupulous traders can even use the MT-760 to open a line of credit, which they then default on, leaving the issuer of the MT-760 out of pocket.

Fast Letter of credit 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 guarantees, sblcs, cash accounts for trade or credit enhancement purposes.

Thanks,
Victor William
CALL ME DIRECT +1.214.550.5052
www.FastLetterofCredit.com
SWIFT BIC: MTCMUS61

Toll Free:        +1.888.304.1638
Toll Free Fax:    +1.800.315.4197
Local Phone       +1.214.550.5052
International     +1.214.550.5052
International FAX +1.214.550.5052

Email: contact@fastletterofcredit.com
Skype: info.fastletterofcredit
Web  : http://www.FastLetterofCredit.com

2711 N. Haskell Ave
Suite 550
Dallas, TX 75204

  1. May 7, 2011 at 4:36 pm

    i am looking for MT760, but we not pay any fee for MT760. if agree please reply me.
    thanks

  2. May 7, 2011 at 6:44 pm

    Yes we can provide you the MT760 but we have our procedure to follow and we don’t take any upfront fees but you have to put the money on the escrow account for our fees which we will take it after the release of the instrument.

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