SWIFT MT-760 SBLC/BG

The SWIFT MT-760 is a financial message used to issue or confirm a Standby Letter of Credit (SBLC) or Bank Guarantee (BG). It is a legally binding and irrevocable communication from the issuing bank, ensuring that the issuing bank will fulfill the payment obligations on behalf of its client if the client defaults.

1. Purpose: Provides a secure guarantee for payment or performance.
2. Legally Binding: Unlike MT-799, the MT-760 obligates the issuing bank under specific terms.
3. Usage: Commonly used in international trade, project finance, and investment transactions.
4. Customization: The message can be tailored to the specific transaction, including clauses for expiry, conditions, and amounts.