Archive
BG/SBLC/POF/LOC/MT799/MT760
How much are you looking for?
What type of account? (bank letter, MT760, POF, etc)
what are you needing for?
For how long?
any specific bank?
have you received any other quotes from other companies? if so for how much?
what kind of budget are you or your client working with?
Are you the principal, broker, or other party to the transaction?
Are there other parties involved in the transaction? If so, please explain
here:
Have you ever used this type of instrument before or are you familiar with
how they work?
What are you using the instrument or cash for?
Do you have an Executive Summary?
Shoot me your needs
If you want to start immediately and want us to work plug and play then write me back with your answers on
contact@fastletterofcredit.com
Victor William
CALL ME DIRECT +1.214.550.5052
http://www.FastLetterofCredit.com
SWIFT BIC: MTCMUS61
Toll Free: +1.888.304.1638
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
I don’t go anywhere else but fastletterofcredit.com for SWIFT
A bank guarantee can mitigate these risks and function as a safeguard for both parties of a transaction, providing insurance in the event that one cannot carry out the conditions established under a contract. With 100% cash-backed BG’s and relationships with only top world banks, FastLetterOfCredit.com can advise and assist you in acquiring your next bank guarantee.
Bank Guarantee Leasing:
Program Highlights
• Accounts available from $100K to $5 billion
• Money Market funds seasoned for six (6) months
• No Credit Check or Financial Statements Required
• Funds in an account under client’s name and signature
• Rates starting as low as 1.0% per month
Proof of Funds Uses
• Net Worth Requirements
• Liquidity Requirements
• Show of Account Funds
• Bonding Requirements
• Blocked Funds for Investments
Proof of Funds Account Parameters
• 30 & 60 day accounts, with discounts provided for renewal terms
• Standard bank Verification of Deposit provided for all accounts
• Bank accounts opened and confirmed in writing by bank officers
• SWIFT MT799/760 confirmation option available in Offshore Banks
• Brokers welcome and protected
SWIFT MT760
An account with the SWIFT MT760 capability allows bank-to-bank SWIFT electronic verification of the account, and will include a blocked funds provision. There is no other bank guarantee provision available in the SWIFT instructions. There is a $1 million minimum account size for this SWIFT wire communication. Additional costs apply.
SWIFT MT799
An account with the SWIFT MT799 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in compliance with the SWIFT Category 7 “Treasury Markets & Syndication” message types. Often there is a misconception that a particular circumstance requires a SWIFT MT760 message, when in fact, the SWIFT MT799 format provides the required bank confirmation for the application. There is a $1 million minimum account size for a SWIFT MT799, and additional costs apply
SWIFT MT999
An account with the SWIFT MT999 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in the account, with no further comment. This SWIFT format is an appropriate message for a simple Proof of Funds communication and it is part of the Common Group of SWIFT formats providing a General Free Format for SWIFT messaging. There is a $1 million minimum account size for a SWIFT MT999, and additional costs apply.
Stand-by Letter of Credit
A Standby Letter of Credit (SBLC) is a painless form of asset enhancement, effectively increasing your investment potential. Whether conducting business domestically or internationally, An SBLC can support your transactions in a myriad of ways, allowing your company to reach its investment project goals simply and securely.
We have an extensive experience in assisting and issuing Standby Letters of Credit (SBLC). Our representatives are greatly skilled in providing SBLC consultation and can tailor this versatile financial instrument to fit your company’s current funding needs.
These types of Bank Instruments can be issued to individuals, corporations, trust, pension funds, endowments, non profit organizations, or to any payable entity. Letters of credit accomplish their purpose by substituting the credit of the bank for that of the customer, for the purpose of facilitating trade. There are basically two types: commercial and standby. The commercial letter of credit is the primary payment mechanism for a transaction, whereas the standby letter of credit is a secondary payment mechanism.
Victor William
CALL ME DIRECT +1.214.550.5052
http://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 : www.FastLetterofCredit.com
2711 N. Haskell Ave
Suite 550
Dallas, TX 75204
Related articles
- What is MT-760? (760mt.wordpress.com)
- Leased Bank Guarantee (760mt.wordpress.com)
Is a MT760 Negotiable
In a simple way No. Once a MT-760 has been issued, it is not negotiable. For this reason, many sugar traders prefer a Letter of Credit, which is negotiable and can be amended in response to unforeseen changes in circumstances, such as a delayed shipping schedule, lower production than anticipated, and other such events.
FastLetterOfCredit.com 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
http://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
Related articles
- How do I get MT760 (fastlc.wordpress.com)
- Is a MT760 Negotiable (fastlc.wordpress.com)
- What Happens When My Banks Issue An MT760 (fastlc.wordpress.com)
- What is MT-760? (760mt.wordpress.com)
- BG/SBLC/POF/LOC/MT799/MT760 No Upfront Or any other Fees (fastlc.wordpress.com)
- I don’t go anywhere else but fastletterofcredit.com for SWIFT (fastlc.wordpress.com)
- What is mt799 confirmation (wiki.answers.com)
- Leased Bank Guarantee (760mt.wordpress.com)
- Who Is Really Controlling the Private Banking Departments of the Large International Banks? (pppkingdom.wordpress.com)
COMPANY PROFILE
Fast Letter Of Credit.com is the premiere agency for equity and debt-secured cash accounts, on a fixed-return basis, for Proof of Funds uses. We provide organizations and individuals the capability to complete long-term financing or meet other on-going project needs.
Fast Letter Of Credit.com Services
- Proof of Funds ,Bank Guarantee,Stand by letter of Credit,Cash Account
- Account statements provided
- Funded from a $217 billion hedge fund
- Written Verification of Deposit
- Electronic account verification option
Fast Letter Of Credit.com is the industry leader in providing short-term equity investments for Proof of Funds uses. With extensive experience in providing financial solutions for companies and individuals, we proudly offer you the advantage of dealing with a company that is known and respected in the industry for integrity and efficiency in successfully negotiating investments under the most favorable terms.
Our portfolio allows us to secure financial backing for a single project of up to $5 billion, while providing a superior level of underwriting for our partners in evaluating investment opportunities in order to insure they meet specific criteria that are suitable for the client’s needs.
Our seasoned and industry-experienced representatives are available to discuss with you the wide range of consulting services we offer. We offer personalized services tailored to your situation and are committed to securing equity investments for specialized uses that you and your company might need. Our investment resources provide the flexibility needed to accomplish and meet our client’s investment goals.
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
Related articles
- MT799 service (fastlc.wordpress.com)
- I don’t go anywhere else but fastletterofcredit.com for SWIFT (fastlc.wordpress.com)
- Credit.com Welcomes Raj Jha as COO (prweb.com)
- Accounting Safety Tips for Stocks (thinkup.waldenu.edu)
- What is MT-760? (760mt.wordpress.com)
- Company Profile (fastlc.wordpress.com)
- Leased Bank Guarantee (760mt.wordpress.com)
- Letter of Credit (fastlc.wordpress.com)
- Helios Raises $900 Million for African Fund (online.wsj.com)
- What Happens When My Banks Issue An MT760 (fastlc.wordpress.com)
- Investors are Idiots Second Fortnight June 2011 Issue 2 (parthasarathyarjun.wordpress.com)
- Understanding Investment Report Cards (brighthub.com)
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
Related articles
- How do I get MT760 (fastlc.wordpress.com)
- BG/SBLC/POF/LOC/MT799/MT760 No Upfront Or any other Fees (fastlc.wordpress.com)
- What is mt799 confirmation (wiki.answers.com)
- What Happens When My Banks Issue An MT760 (fastlc.wordpress.com)
- What is MT-760? (760mt.wordpress.com)
- Is a MT760 Negotiable (fastlc.wordpress.com)
- I don’t go anywhere else but fastletterofcredit.com for SWIFT (fastlc.wordpress.com)
- Who Is Really Controlling the Private Banking Departments of the Large International Banks? (pppkingdom.wordpress.com)
- Leased Bank Guarantee (760mt.wordpress.com)
How do I get MT760
A MT-760 can be obtained from your bank. Some banks are not willing to issue MT-760’s however, so if an MT-760 is absolutely essential, you may have to be prepared to move your funds to another banking institution. It is wise to inquire at your bank before committing to any sale that requires a MT-760 as part of its terms and conditions.
Blockedfunds.com 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 gaurantees, sblcs, cash accounts for trade or credit enhancement purposes.
Thanks,
Victor William
CALL ME DIRECT +1.214.550.5052
http://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
Related articles
- What is mt799 confirmation (wiki.answers.com)
- MT799 service (fastlc.wordpress.com)
- Bank of America – Mobile Banking (myitouchapps.wordpress.com)
- How do I get MT760 (fastlc.wordpress.com)
- What Happens When My Banks Issue An MT760 (fastlc.wordpress.com)
- What is MT-760? (760mt.wordpress.com)
- Is a MT760 Negotiable (fastlc.wordpress.com)
- BG/SBLC/POF/LOC/MT799/MT760 No Upfront Or any other Fees (fastlc.wordpress.com)
- Who Is Really Controlling the Private Banking Departments of the Large International Banks? (pppkingdom.wordpress.com)
- Leased Bank Guarantee (760mt.wordpress.com)
Verbiage
Sample
VERBIAGE OF SWIFT LC OR SBLC
From : SENDING BANK
TO:
BANK:
ADDRESS:
SWIFT:
ACCOUNT NR:
ACCOUNT NAME:
IN FAVOR OF:
PLACE OF ISSUE:
LETTER OF CREDIT NUMBER:
DATE OF ISSUE:
DATE OF MATURITY:
DATE OF EXPIRATION:
APPLICANT:
BENEFICIARY:
AMOUNT: USD xx,000,000
WE, BANKNAME, ADDRESS, HEREBY OPEN OUR UNCONDITIONAL, IRREVOCABLE, AND TRANSFERABLE LETTER OF CREDIT IN FAVOR OF xxxxxxxxxxxxxx., FOR THE AMOUNT OF USD xx,000,000 (xxx MILLIO) , DUE ONE YEAR, ONE MONTH AND ONE DAY FROM THE DATE OF ISSUE month XX 2011, MATURITY DATE month XX, 2012.
PAYMENT IS AVAILABLE BY THE BENEFICIARY’S FIRST WRITTEN DEMAND VIA BANK WIRE SYSTEM. DEMAND HEREUNDER MUST BE MARKED “DRAWN UNDER LETTER OF CREDIT NO. NR-XXXXXX, DATED FEBRUARY XX, 2011.”
WE HEREBY ENGAGE WITH YOU THAT THE DRAFT DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS LETTER OF CREDIT SHALL BE DULY HONORED ON DUE PRESENTATION TO US. THIS LETTER OF CREDIT IS SUBJECTED TO UNIFORM CUSTOMS AND PRACTICES FOR DOCUMENTARY CREDIT I.C.C. PUBLICATION No. 600.
THIS CABLE IS AN OPERATIVE INSTRUMENT; ALL CHARGES ARE FOR THE ACCOUNT OF APPLICANT.
THIS LETTER OF CREDIT EXPIRES ON month XX, 2012.
FOR AN ON BEHALF OF:
BANK NAME, ADDRESS
Signed by 2 bank officers with ID.
Victor William
CALL ME DIRECT +1.214.550.5052
http://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
Related articles
- Letter of Credit (fastlc.wordpress.com)
- Verbiage (fastlc.wordpress.com)
- Govt launches credit letter scheme (premierlinedirect.co.uk)
- I don’t go anywhere else but fastletterofcredit.com for SWIFT (fastlc.wordpress.com)
- BG/SBLC/POF/LOC/MT799/MT760 No Upfront Or any other Fees (fastlc.wordpress.com)
- Leased Bank Guarantee (760mt.wordpress.com)
- What is MT-760? (760mt.wordpress.com)
- What Happens When My Banks Issue An MT760 (fastlc.wordpress.com)
MT799 service
SWIFT MT799 confirmation
An account with the SWIFT MT799 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in compliance with the SWIFT Category 7 “Treasury Markets & Syndication” message types. Often there is a misconception that a particular circumstance requires a SWIFT MT760 message, when in fact, the SWIFT MT799 format provides the required bank confirmation for the application.
There is a $1 million minimum account size for a SWIFT MT799, and additional costs apply.
SWIFT MT 799 – Sample MT-799 PDF
The MT-799 is a free format SWIFT message type in which a banking institution confirms that funds are in place to cover a potential trade. This can, on occasion, be used as an irrevocable undertaking, depending on the language used in the MT-799, but is not a promise to pay or any form of bank guarantee in its standard format. The function of the MT-799 is simply to assure the seller that the buyer does have the necessary funds to complete the trade.
What does the SWIFT MT-799 option provide?
An account with the SWIFT MT-799 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in compliance with the SWIFT Category 7 “Treasury Markets & Syndication” message types. Often there is a misconception that a particular circumstance requires a SWIFT MT760 message, when in fact, the SWIFT MT-799 format provides the required bank confirmation for the application. There is a $1 million minimum account size for a SWIFT MT-799, and additional costs apply.
The MT-799 is usually issued before a contract is signed and before a letter of credit or bank guarantee is issued. After the MT-799 has been received by the seller’s bank, it is then normally the responsibility of the seller’s bank to send a POP (proof of product) to the buyer’s bank, at which point the trade continues towards commencement.
The actual payment method commonly used is a documentary letter of credit or an MT-103 (wire transfer), which the seller presents to the issuing or confirming bank along with shipping documents. Once the bank confirms the documents, the seller is then paid. An alternative method is to use a bank guarantee in place of a letter of credit. It is normally at the seller’s discretion which method of payment is used.
How Do I Issue An MT-799
The short answer is that you don’t. Approach your bank, and make an arrangement with them to have an MT-799 wired to the seller’s bank. Some banks are reluctant to issue MT-799’s, as these make them liable for the full cost of the trade, which can sometimes be in the millions. A bank will normally not issue an MT-799 without some form of collateral to secure their own interests, so be prepared to put up a hefty amount of collateral.
What Does A MT-799 Look Like?
An MT-799 is an automated message sent electronically from one bank to another, so you won’t really ’see’ an MT-799 at all. The paperwork associated with an MT-799 will vary from bank to bank, though most banks follow a similar format.
What Information Do I Need To Send A MT-799?
You will need the following information to send an MT-799.
• Name of the advising bank.
• LC Number.
• LC Amount.
• Tenor of Draft.
• Latest shipment date.
• Person or entity liable for confirmation fee.
• Whether the LC is restricted for negotiation or not.
• A description of the merchandise.
• Port and/or country where product will be loaded.
• Port and/or country where product will be unloaded.
What does the SWIFT MT-999 option provide?
In order to know what an MT999 is; one must be familiar with an MT799, both are classified by SWIFT as “free format message” .. the difference is that for an MT799, banks must exchange a so called BKE authenticator…which means a test key is automatically coded into the sent message, and decoded at the receiving end.
Victor William
CALL ME DIRECT +1.214.550.5052
http://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
Related articles
- What is mt799 confirmation (wiki.answers.com)
- MT799 service (fastlc.wordpress.com)
- Bank of America – Mobile Banking (myitouchapps.wordpress.com)
- What Happens When My Banks Issue An MT760 (fastlc.wordpress.com)
- I don’t go anywhere else but fastletterofcredit.com for SWIFT (fastlc.wordpress.com)
- How do I get MT760 (fastlc.wordpress.com)
- What is MT-760? (760mt.wordpress.com)
- What is difference between LC and SBLC (wiki.answers.com)
- Who Is Really Controlling the Private Banking Departments of the Large International Banks? (pppkingdom.wordpress.com)
Letter of Credit
A letter of credit is a promise to pay. Banks issue letters of credit as a way to ensure sellers that they will get paid as long as they do what they’ve agreed to do.
Letters of credit are common in international trade because the bank acts as an uninterested party between buyer and seller. For example, importers and exporters might use letters of credit to protect themselves. In addition, communication can be difficult across thousands of miles and different time zones. A letter of credit spells out the details so that everybody’s on the same page.
To better understand letters of credit, it may help to know the following:
Abbreviations for ‘letter of credit’ include L/C, LC, and LOC
Applicant – the buyer in a transaction
Beneficiary – the seller or ultimate recipient of funds
Issuing bank – the bank that promises to pay
Advising bank – helps the beneficiary use the letter of credit
Victor William
CALL ME DIRECT +1.214.550.5052
http://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
Related articles
- Letter of Credit (fastlc.wordpress.com)
- Govt launches credit letter scheme (premierlinedirect.co.uk)
- Letter of credit procedure (fastlc.wordpress.com)
- What is MT-760? (760mt.wordpress.com)
- I don’t go anywhere else but fastletterofcredit.com for SWIFT (fastlc.wordpress.com)
- Verbiage (fastlc.wordpress.com)
- Leased Bank Guarantee (760mt.wordpress.com)
- What is difference between LC and SBLC (wiki.answers.com)
- What Happens When My Banks Issue An MT760 (fastlc.wordpress.com)
Letter of credit procedure
Our streamlined procedure ensures quick turnaround for your Letter of Credit needs:
- An international buyer and seller agree to a trade/transaction. In order to minimize any financial risks, the exporter (seller) requests that the importer (buyer) provide payment with a Letter of Credit.
- The buyer submit’s a request to their bank for a Letter of Credit to the seller’s domestic bank.
- The product is packaged and shipped across international lines to the importer.
- The Letter of Credit documents are sent to an advising bank. The advising bank reviews the documentation for any discrepancies and issues; if a problem is found, the documents are returned to the exporter for correction. Documents can be resubmitted until they are compliant with the terms of the Letter of Credit.
- Once the Letters of Credit are deemed compliant, the documents are forwarded to the buyer’s bank. The bank confirms that the shipment was received.
- The importer’s bank analyzes the transaction to confirm that all terms were completed. Upon confirmation, the buyer’s bank send payment to the seller’s bank.
- With everything confirmed and completed, funds are forwarded to the seller.
Email: contact@fastletterofcredit.com
Skype: info.fastletterofcredit
CALL me Direct
International -215-550-5052
Toll Free-1-888-304-1683
FastLetterofCredit.com
Fast Letter Of Credit 