Standard SWIFT Brussels Protocol definition
Standard SWIFT Brussels Protocol. Pre-Advice to Beneficiary via Swift MT799 as per the text format of the annex listed herein. Text must be provided or agreed as provided herein and accepted by ▇▇▇▇▇’s Bank.
Standard SWIFT Brussels Protocol. MT760. The Beneficiary’s bank receives, confirms & verifies SBLC MT760; within 3 banking days, Beneficiary/Receiver shall within no later than three (3) Banking days or as agreed by both parties pay Seller/Provider the total purchase fees plus Consultants commission by way of MT103 Fed Wire Transfer for immediate payment to the Provider’s account here within to receive the hard copy. (Should the Client/Receiver default to pay the fees to the Seller/Provider and the Intermediaries fees as agreed in this contract within 5 banking days of confirmation of Swift MT760, Seller/Provider shall instruct the issuing bank to put a claim on the Instrument thereby forcing the Client/Receiver bankers to return the SBLC to the issuing Bank.)