THE DIFFERENCES BETWEEN THE SWIFT MESSAGING TYPES: SWIFT MT799 AND SWIFT MT799 vs MT760 MT799 is a digital message that is sent between banks; with the aim of showing funds or proof of deposits. It is important to note that it is not used as a...
Standby Letter of Credit (SBLC or SLOC) A standby letter of credit (SBLC or SLOC) is a legal document that guarantees a bank's commitment of payment to a seller in the event that the buyer–or the bank's client–defaults on the agreement. Grand City Investment Limited...
Bank Guarantee is a kind of guarantee from a financing organization. The bank guarantee signifies a lending institution ensures that the liabilities of a debtor is going to be met. In other words, if the debtor is unsuccessful to settle a debt, the bank will cover it. A...
