The importance of this course is that starting 21 November 2021, being the date the new SWIFT standard release, all banks worldwide are expected to use the new Guarantees message.
Also in this course we will explain the re-structure of the trade finance SWIFT messages chart that will take place on the 21st of Nov.2021.
.Understand the new SWIFT Guarantees messages updates that will be valid starting 21 Nov.2021
.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
.All trade services staff
.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.
.Training Attendance Certificate.