SAMPLE SWIFT MT-760 FROM ISSUING BANK TO RECEIVING BANK
SWIFT OUTPUT : MT760 STANDBY LETTER OF CREDIT
PRIORITY : URGENT-EXPRESS-SAME DAY WIRE
FROM :
BANK NAME :
BANK ADDRESS :
ACCOUNT NAME :
ACCOUNT NUMBER :
SWIFT CODE :
BANK OFFICER :
BANK OFFICER PHONE :
BANK OFFICER FAX :
BANK EMAIL :
TO :
BANK NAME :
BANK ADDRESS :
ACCOUNT NAME :
IBAN NUMBER :
SWIFT CODE :
BANK OFFICER :
BANK OFFICER PHONE :
BANK OFFICER FAX :
BANK EMAIL :
TRANSACTION REFERNECE NUMBER :
TRANSACTION CODE :
SBLC NO. :
DATE OF ISSUE : XX.XX,
DATE OF EXPIRY : XX.XX,
CURRENCY : EURO
AMOUNT : €86,000,000.00 EURO (EIGHTY-SIX
MILLION EURO)
APPLICANT :
BENEFICIARY :
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WE WHEREBY OPEN OUR STANDBY LETTER OF CREDIT No: ……………………… AS
FOLLOWS:
FOR THE VALUE RECEIVED, WITH REFERENCE TO TRANSACTION CODE, ………………………
WE ……………………… BANK, N.A., LOCATED AT ………………………, AT THE REQUEST OF OUR
CLIENT ………………………, WITH ACCOUNT NO. ……………………… AND ACTING WITH FULL BANK
RESPONSIBILITY HEREBY IRREVOCABLY AND UNCONDITIONALLY, ISSUE OUR
STANDBY LETTER OF CREDIT IN FAVOR OF ………………………, AS BENIFICIARY, WITH
ACCOUNT No. ……………………… OR THE BEARER AND/OR HOLDER THEREOF, THE SUM OF
€86,000,000.00 EURO (EIGHTY-SIX MILLION EURO) AT FIRST DEMAND, UPON
PRESENTATION AND SURRENDER OF THIS STANDBY LETTER OF CREDIT, AT OUR
COUNTERS, AT SIGHT DURING SBLC VALIDITY [LATEST 15 DAYS AFTER EXPIRY
DATE].
SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF, AND SHALL BE FREE AND
CLEAR OF ANY DEDUCTIONS, CHARGES, FEES, OR WITHOUT HOLDINGS OF ANY
NATURE, NOW OR HEREAFTER IMPOSED, LEVIED, COLLECTED, WITHHELD OR
ASSESSED BY THE GOVERNMENT OF THE COUNTRY OF THE ISSUING BANK, OR ANY
POLITICAL SUBDIVISIONS OF AUTHORITY THEREOF OR THEREIN.
WE HEREBY CONFIRM THAT SAID FUNDS ARE CLEAR, CLEEN FREE OF ANY LEINS
AND ENCUMBRANCES AND THE RULE OF FULL DISCLOSURE HAS BEEN ESTABLISHED
THAT SAID FUNDS WERE LEGALLY OBTAINED FROM NON-CRIMINAL BUSINESS
ACTIVITIES AND SHALL SERVE AS COLLATERAL TO SECURE A LOAN, CREDIT LINE
OR CREDIT FACILITIES.
WE FURTHER CONFIRM, THIS STANDBY LETTER OF CREDIT IS UNCONDITIONAL,
DIVISIBLE, TRANSFERABLE, AND ASSIGNABLE WITHOUT NOTICE OR PRESENTATION
OR PAYMENT OF ANY FEES TO US.
THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS RULES
AND PRACTISES FOR DOCUMENTARY CREDITS, UNDER ICC, PARIS, FRANCE, ICC
PUBLICATION UCP 600, OR LATEST REVISIONS.
THIS IS AN OPERATIVE INSTRUMENT, CONFIRMABLE AND VERIFIABLE ON A
BANK-TO-BANK BASIS.
ALL ISSUING CHARGES ARE FOR THE ACCOUNT OF THE APPLICANT.
FOR AND ON BEHALF OF: ……………………………………………………………… BANK.
BANK OFFICER NAME: BANK OFFICER NAME:
BANK OFFICER CODE: BANK OFFICER CODE:
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