New SWIFT Messages for guarantee          Download Brochure

By the end of this course you will be able to:

.Understand the new SWIFT Guarantees messages updates that will be valid starting 21 Nov.2021

Course Outline:

.General information about Changes for Standard Release Nov. 2021 – Category 7 (the re-structure of the trade finance SWIFT messages chart).

.MT 760 issue of a demand guarantee or stand-by letter of credit

.MT 761 Continuation of MT 760

.MT 768 Acknowledgement of a demand guarantee or stand-by letter of credit

.MT 767 Amendment to a demand guarantee or stand-by letter of credit

.MT 775 Continuation of MT 767

.MT 787 Guarantee/Standby Letter of Credit Amendment Response

.MT 765 Guarantee/Standby Letter of Credit Demand

.MT 786 Guarantee/Standby Letter of Credit Demand Refusal

. MT 785 Guarantee/Standby Letter of Credit Non-Extension Notification

.MT 769 advice of a reduction or release

.MT 759 Ancillary Trade Structured Message

Target Audience:

.All trade services staff

Prerequisites:

.Strong knowledge of guarantees practice is a must, as this course is designed to explain the new swift guarantees messages and not the technicalities or the rules of guarantees.

This course entitles you to attend:

Upon successful completion of this course, participants will obtain:

.Training Attendance Certificate.