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SWIFT MT 760

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19:45 Nov 9, 2008
English to Italian translations [Non-PRO]
Bus/Financial - Finance (general)
English term or phrase: SWIFT MT 760
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Summary of answers provided
4 +1swift mt 760
Cristina Feletto
Summary of reference entries provided
swiftjustdone

Discussion entries: 1





  

Answers


11 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
swift mt 760
swift mt 760


Explanation:
Rimane invariato.

The MT-760 is a type of SWIFT message that is sometimes requested in sugar trading because it functions much like a Bank Guarantee, although it carries with it a much higher level of risk for the issuer (usually the buyer), and a reduced level of risk for the recipient (the seller). Essentially, a MT-760 is a SWIFT message which guarantees that a bank will make payment in favor of a client of another bank. When a MT-760 is issued, the issuing bank puts a hold on its client’s funds, thereby ensuring that the funds are in place to make payment to the recipient of the MT-760.


    Reference: http://www.swift.com/index.cfm?item_id=42581
Cristina Feletto
United States
Local time: 10:27
Native speaker of: Native in ItalianItalian
PRO pts in category: 16

Peer comments on this answer (and responses from the answerer)
agree  Mariavita
8 hrs
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Reference comments


1 hr
Reference: swift

Reference information:
certo che un po' più di contesto...
a parte l'omonimo scrittore, l'unica cosa a cui posso pensare è questa


    Reference: http://www.swift.com/
justdone
Italy
Native speaker of: Native in ItalianItalian
PRO pts in category: 16
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