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Picture for category New Swift messages for Guarantees

New Swift messages for Guarantees         

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.

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

6 Hours

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.

Bilingual

Course Schedule :

  18:00 - 21:00
  Zoom
  Dec 22,2021 - Dec 23,2021
  Both
  Mohamed Atteya