It depends on the condition and warranty listed on the contract of MT760.
MT760 is a Stand By Letter of Credit or SBLC. This form is the United States version of the Bank Guarantee.
How safe is mt760 or are the mt760 is safe ?The MT760 is backed by the assets of issuing bank - not by any lawyer, financial broker or investor. if the blocked funds exceed the value of the bank, this may go bancrupt should the blocked funds be called on, unless they have used other banks (which is the usual case) to confirm the guarantee.Failure to comply will make the bank loose it status on the Swift banking network.
A monthly draw on commission is pay that an employer gives you as an advance on commission that you are expected to make. You may have to pay some back.
The benefits of a cash advance are that it will allow an individual to have money on hand when they do not have any to draw from at a bank. These advances usually have a high interest charge.
it all depends on Bank agreement and on BG or SBLC conditions.
MT760 is a Stand By Letter of Credit or SBLC. This form is the United States version of the Bank Guarantee.
MT103 and MT760 are international financial transaction code numbers. The code, MT103 SWIFT message is the most commonly used.
What is the function of a MT998
These are all Swift procedure that involves either a letter of credit or a guarantee. In this categoy MT700 is one procedure, MT760 another procedure, where the meaning is entirely different. See the Swift procedures on the Swift web-site.
stalemate, draw, tie
How safe is mt760 or are the mt760 is safe ?The MT760 is backed by the assets of issuing bank - not by any lawyer, financial broker or investor. if the blocked funds exceed the value of the bank, this may go bancrupt should the blocked funds be called on, unless they have used other banks (which is the usual case) to confirm the guarantee.Failure to comply will make the bank loose it status on the Swift banking network.
what is the difference between MT799 and MT998?
MT700 is an issue of a documentary credit. MT760 is a SWIFT message. MT799 is a text message. All of these are used in the banking industry to indicate transactions of a certain kind.
When you have to pay an advance fee to get your prize, it's a scam.
A monthly draw on commission is pay that an employer gives you as an advance on commission that you are expected to make. You may have to pay some back.
How much a SWIFT MT760 and a SWIFT MT799 cost will depend on the asset that is used as the base. The SWIFT MT799 is a free message that is issued by the bank.
The benefits of a cash advance are that it will allow an individual to have money on hand when they do not have any to draw from at a bank. These advances usually have a high interest charge.