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Difference Between 'Issue' & 'Request' of Field 23 of MT760

Posted: Thu May 16, 2013 3:16 pm
by monem
Please explain the difference between 'Issue' and 'request' of Field 23 of MT 760.


Swift codes

Posted: Fri May 17, 2013 10:41 am
by picant
Hi Pal,

by indicating ISSUE, you are issing your own guarantee favouring a beneficiary. with REQUEST you are asking your correspondent to issue its own guarantee by your order,favouring a beneficiary, normally Governamental authority or companies under a specific legal request. This is called Counter-garantee too.
Other comments appreciated