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Guarantee amount in the guarantee amendment

Posted: Fri Jun 03, 2022 1:15 pm
by Gart
Hello,

I would like to ask yourselves which new amount of the guarantee should be indicated in guarantee amendment in case the guarantee has been issued for the amount of USD 1 000, the demand for payment was honored / paid for the same amount (USD 1 000) and the applicant wants to increase guarantee amount by USD 500:
1) USD 1 500 (... increase amount of guarantee up to the amount of USD 1 500 ...)
or
2) USD 500 (... increase amount of guarantee up to the amount of USD 500) ...?

Thank you in advance for your answer.

Re: Guarantee amount in the guarantee amendment

Posted: Tue Jun 07, 2022 6:54 pm
by picant
Hi Pal,

when using Swift MT767 field 32B or 33B only the increased/decreased amount, waiting for amendment acceptance. If outside Swift you may quote the balance too.
Oher comments appreciated
Ciao

Re: Guarantee amount in the guarantee amendment

Posted: Thu Jun 09, 2022 7:47 pm
by SANUSILAMIN
HI
You should do the amendment as follows:
filed (32):You are authorised to increase the Guarantee amount to USD 500 to be USD 1,500.00 TOTALLY .
Thanks and other comments appreciated
REGARDS