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MT199
Sept 17, 2010 15:37:50 GMT 4
Post by whistler on Sept 17, 2010 15:37:50 GMT 4
Can a MT199 with the full standard verbiage of a bank guarantee or sblc carry value on it's own right and serve as grounds for an MT 760, even if the advising bank will not send the 760 itself.
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MT199
Sept 18, 2010 7:07:44 GMT 4
Post by niseag on Sept 18, 2010 7:07:44 GMT 4
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MT199
Sept 18, 2010 20:54:49 GMT 4
Post by privateinvestors on Sept 18, 2010 20:54:49 GMT 4
In a simple word: No.
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MT199
Sept 19, 2010 2:43:06 GMT 4
Post by niseag on Sept 19, 2010 2:43:06 GMT 4
in a preset syndicate you can set things up so an MT199 can trigger it, but not through the legal obligation under the SWIFT MT199 only under the Syndication Agreement which stipulates such SWIFT, thats however done rarely as supervision of the state discourages it and legal compliance will have a fit; so the answer is : NO
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