SWIFT MT760 STANDBY LETTER OF CREDIT or BANK GUARANTEE (DIGITAL FORMAT)
SWIFT MT760 GARANTÍA BANCARIA O CARTA DE CREDITO (FORMATO DIGITAL)
PROCEDURE TO BE USED TO RECEIVE A SWIFT MT760 BANK GUARANTEE OR LETTER OF CREDIT.
It is not negotiable, nor modifiable
A. Characteristics of the client.
1. You must have carried out operations of the same caliber as those requested.
2. Solvency required for this type of operation.
3. NO outstanding debts with Saturn IFM.
B. Characteristics of the SWIFT MT760 BANK GUARANTEE OR LETTER OF CREDIT.
1. The SWIFT MT760 BANK GUARANTEE OR LETTER OF CREDIT will be issued under bank registration with a
unique code backup.
2. Minimum amount of 48 million euros or dollars depending on support.
C. Costs
1. Cost of the SWIFT MT760 BANK GUARANTEE OR LETTER OF CREDIT (digital format) will be $92,335 (ninety-two thousand three hundred thirty-five dollars) which is equivalent to 50% of the total cost of the issue ($184,670) and 25% of the value granted by the receiving bank (Loan To Value) must be sent to the account designated by the issuer for the operation.
2. Each party will be responsible for their intermediaries without interfering in the operation.
D. The client must have:
1. Bank account with the capacity to receive the agreed amount in a bank that has its
proper licenses and authorizations for the operation.
2. Documents that certify the above.
3. Support and justification necessary for receiving the funds.
Before continuing with the reading of the procedure, you need to know that, in order to request the operation, you must perform
the payment of the necessary amount according to the selected operation. There are no variants or extraordinary negotiations on this condition.
In addition to what is indicated, the client must comply with the requirements 100% with our company for the management of the issuance of the
SWIFT MT760 BANK GUARANTEE OR LETTER OF CREDIT.
SATURN IFM ESSENTIAL REQUIREMENTS FOR A FINANCIAL OPERATION APPLICATION
1. LOI (Letter of Intent) a letter where the receiver indicates his interest in carrying out a financial operation.
2. CIS (Client Information Sheet) form with complete client information
SATURN IFM COMMON PROCESS FOR SWIFT MT760 BANK GUARANTEE OR LETTER OF CREDIT
1. The Client sends the LOI (Letter of Intent) and the CIS (Client Information) to the email info@saturnifm.com
2. A Memorandum of Understanding, a Non-Circumvention and Non-Disclosure Agreement will be sent within three days
(NCNDA) and a Master Commission Protection Agreement (IMFPA) which
They must be signed by the client and where the steps to follow will be agreed.
3. Once the documents are signed, they must be sent back and in five days maximum they will be verified and registered.
4. The invoice for the cost of the operation will be sent together with the International Identification Security Number (ISIN) after
of receipt of the signed Memorandum.
5. The Client verifies the ISIN and pays the invoice as specified in the Memorandum.
6. Once the payment ticket has been received, the Final Bank Contract will be delivered. This contract is final and contains devices
security that protects the parties involved, it is requested to avoid any type of modification other than completing the
indicated parts, since this would delay the final step of the operation.
7. Once the contract is signed by both parties, it is registered in the issuing bank, it is returned to the client signed, stamped and
notarized with contract code and operation code.
8. Three days after delivery of the contract, the SWIFT MT760 BANK GUARANTEE OR LETTER is issued
OF CREDIT.
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