Home › Forums › Best Deals (Banking/Shipping/Service Providers)

Standby Letter of Credit

1 reply [Last post]
Mon, 02/16/2009 - 01:06
niwath
Offline
Joined: 02/16/2009
Posts:
Printer-friendly versionSend to friendPDF version

When a bank received a Transferable Standby Letter of Credit from another bank, so what number of message type (SWIFT) will we use to transferable of that standby letter of credit? and a bank which received transferable LC and process of that transferable LC to second beneficiary has liable or not?

 

‹ SDR IN Air packaging payment after refusal ›
Top
Wed, 02/18/2009 - 10:36
#1
n178
Offline
Joined: 02/18/2009
Posts:
Standby Letter of Credit

Swift message type will be MT700  and for amedment MT707

Infact whole process of advising will also remain same as normal LOC process. 

No change for advising bank and swift format...

ÑÅ?€€Ñ

naveen178@gmail.com

Top