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The global swift system is used by more than eight thousand financial institutions in sending and receiving various financial statements and letters. The most prominent letter used in this system is the mt760 swift and the mt799 swift. These two letters have a number of differences and similarities. The main similarity between the two types of swift messages is in how they are sent. Both letters are sent from one bank to another without necessarily consulting the client. Another similarity is that both letters are sent during a significantly large transaction between two individuals. In spite of these similarities, the two swift messages have numerous differences that individuals should be aware of.

The main difference between the mt760 swift message and the mt799 swift message is in when they are sent. The mt799 is sent before the mt760 and is a prelude to the sending of the mt760. Hence, the role of the mt799 is merely to notify and nothing else. This document is sent days or weeks before the sending of the mt760. It is important to note that the mt799 has no impact on the financial situation of an individual. This is another big difference that exists between the two documents.

The mt760 swift message will impact the financial condition of a client since it a verification of freezing of funds by one bank. The mt799 swift message will have no impact on the financial situation of an individual since it is sent before the funds are frozen. This is another difference between the two documents. Another difference between the two documents is that the mt760 swift is sent after the sending bank has set aside the required amount of money. The mt799 is sent before the sending bank freezes the required amount of money in the purchasing individual’s bank account.


 


Comments

aRJey
10/21/2013 12:38am

Very well explained

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12/21/2013 3:09am

I am new in the Instruments and had wonderful opportunity to earn more money in the business. Presently I am looking for good credit line holders who is having receiving capacity of 100million$ of our SBLC from barclays. We can offer 10% to that clients who is willing, able to receive and accept our agreement. pls contact me if you are interested. marketing.merchant@gmail.com

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12/30/2013 12:07am

Need more details.

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sawan jaib
06/25/2014 8:28am

Need fund what are the formalities

Reply
01/29/2014 9:14pm

Sirs
Thank you very much to offer such services online .
i would like to inform you that generally we are working mostly as brokers , besides i am not having enough knowledge regarding banking instruments .
i think i almost i will get good fees , but unfortunately our Country ( Sudan ) under some limited economical sanctions . more over i am in need to get my part amount to be received outside my Country .
So i am in need of your advice to inform what is the safer way to keep my amount any where i will nominated later .
Right now i have no bank account , for example can i open outside bank account by electronic safer way .
Best Regards
Mahmoud Ali

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Fin Traders
04/15/2014 3:46am

I am an Independent Financial Service Professional, I work with a team of strong and reputable financial instruments providers and partners for financing, investment and private placement program with cash, hard assets, blocked funds, BGs e.t.c.

My advantage is the absolute openness and honesty in dealing with customers, ensuring their interest, security of funds and assets are protected.

I offer consulting services to advise investors that have a personal or corporate accounts in the first-class banks funds for the organization of high-yield private placement programs - Private Placement Program (PPP) by the use of Bank Guarantees (BG), Medium Term Notes (MTN), Certificate of Deposit - CD e.t.c. I also offer FC BG/SBLC, MTNs/LTNs Seasoned/Slightly Seasoned BGs. I also have access to providers that provides Swift Messages such as MT103, MT760, MT799 e.t.c.

For further inquiry, please reach me via this email (gibson.kenmore@yahoo.com.hk)

Sincerely,

Gibson Kenmore

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06/18/2014 11:18pm

Contact a reputable firm to Lease a BG. www.AtlantisCapitals.com

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Luis
09/13/2014 12:53pm

I currently work with a Hong Kong Corporation that offers private placement program with very good rate of return and 100 % free risk. I also sell oil such as D2, JP54 and any toehr products.
please call me 407 595 52 59

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