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 MT 760 Guarantee

 

MT 760 Guarantee

SENDER:          NAME OF BANK

                           FULL ADDRESS, 

                           SWIFT CODE:  _______________

                          

RECEIVER:       NAME OF BANK

                           FULL ADDRESS, 

                           SWIFT CODE:  _______________

                          

 

BENEFICIARY:         Name

   Account Number:

                                              

--------------------------------------------------SWIFT MESSAGE----------------------------------------------------

 

         TRANSACTION REFERENCE CODE:       

 

         REFERENCE NUMBER:

 

         DATE                                                    

 

         ACCOUNT NUMBER:

         ACCOUNT NAME:

        

         WE, [BANK NAME AND ADDRESS], CONFIRM WITH FULL BANK RESPONSIBILITY, THAT ACCOUNT HOLDER [NAME, PASSPORT NUMBER 000000000, COMPANY, ADDRESS], HAS ON DEPOSIT IN ACCOUNT NUMBER 00000000000 THE SUM OF 000 MILLION UNITED STATES DOLLARS (USD 000000000000) IN FREELY TRANSFERABLE CURRENCY [OR INSTRUMENTS].

        

WE ALSO CONFIRM THESE TO BE GOOD, CLEAN, CLEARED FUNDS OF NON-CRIMINAL ORIGIN, AND FREE OF ANY LIENS OR ENCUMBRANCES.

 

WE FURTHER CONFIRM WITH FULL BANK RESPONSIBILITY THAT WE HOLD IRREVOCABLE INSTRUCTIONS OF OUR ACCOUNT HOLDER, [NAME AND COMPANY] AND THAT THESE FUNDS WILL BE RESERVED/BLOCKED BY US TO SECURE A CREDIT FACILITY AND/OR THE PURCHASE OF FINANCIAL INSTRUMENTS TO BE ARRANGED BY [NAME OF SELLER OR ISSUER OF CREDIT FACILITY] AS PER AGREEMENT BETWEEN [NAME OF PARTIES], BEARING TRANSACTION CODE 0000000000.

 

THIS CONFIRMATION IS RELATED TO A PRIVATE TRANSACTION IDENTIFIED BY THE TRANSACTION CODE MENTIONED ABOVE. WE CONFIRM THAT THESE FUNDS WILL REMAIN RESERVED AND BLOCKED AT OUR BANK FOR THE DURATION OF THE TRANSACTION UNTIL [DATE].

 

 AFTER THIS DATE OUR COMMITMENT HEREUNDER WILL EXPIRE IF EXTENTION OF VALIDITY IS NOT CONFIRMED IN WRITTEN FORM.

 

THIS BANK CONFIRMATION IS AN OPERATIVE UNCONDITIONAL, IRREVOCABLE, TRANSFERABLE, DIVISIBLE AND CALLABLE CASH-BACKED BANK INSTRUMENT, AND MAY BE VERIFIED ON A BANK-TO-BANK BASIS.  NO HARD COPY WILL FOLLOW.

 

THIS GUARANTEE IS GOVERNED BY THE ‘UNIFORM CUSTOMS AND PRACTICES’ FOR BANK GUARANTEES AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE, LATEST REVISION OF PUBLICATION 500/ 600.

 

FOR AND ON BEHALF OF OUR BANK (FULL NAME, ADDRESS):

 

AUTHORIZED SIGNATURES

 

BANK OFFICER                                      BANK OFFICER

NAME, ID, TITLE                                    NAME, ID, TITLE

PHONE:                                                   PHONE:

FAX:                                                         FAX:

 

 

(The verbiage may change as per the format of the issuing bank; contents and meaning must be the same.)