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Standards MT

CAT 1 – CASH MANAGEMENT STANDARDS
Corporate to Financial Institution Financial Institution to Corporate
MT101 Request for transfer MT195 Queries
MT104 Direct debit and request for direct debit MT196 Answers
MT192 Request for cancellation MT199 Free format message
MT195 Queries    
MT196 Answers    
MT199 Free format message    
CAT 2- FINANCIAL INSTITUTION TRANSFERS
Corporate to Financial Institution Financial Institution to Corporate
MT210 Notice to receive    
CAT 3 – TREASURY MARKETS STANDARDS
Corporate to Financial Institution Financial Institution to Corporate
MT300 Foreign exchange confirmation MT300 Foreign exchange confirmation
MT303 Forex/Currency option allocation instruction MT303 Forex/Currency option allocation instruction
MT304 Advice/Instruction of a third party deal MT304 Advice/Instruction of a third party deal
MT305 Foreign currency option confirmation MT305 Foreign currency option confirmation
MT306 Foreign currency option confirmation MT306 Foreign currency option confirmation
MT320 Fixed loan/deposit confirmation MT320 Fixed loan/deposit confirmation
MT330 Call/Notice Loan/Deposit confirmation MT330 Call/Notice Loan/Deposit confirmation
MT340 Forward rate agreement confirmation MT340 Forward rate agreement confirmation
MT341 Forward rate agreement settlement confirmation MT341 Forward rate agreement settlement confirmation
MT350 Advice of loan/Deposit interest payment MT350 Advice of loan/Deposit interest payment
MT360 Single currency interest rate derivative confirmation MT360 Single currency interest rate derivative confirmation
MT361 Cross currency interest rate swap confirmation MT361 Cross currency interest rate swap confirmation
MT362 Interest rate reset/Advice of payment MT362 Interest rate reset/Advice of payment
MT364 Single currency interest rate derivative termination/Recouponing confirmation MT364 Single currency interest rate derivative termination/Recouponing confirmation
MT365 Cross currency interest rate swap termination/Recouponing confirmation MT365 Cross currency interest rate swap termination/Recouponing confirmation
MT390 Advice of charges, interest and other adjustments MT390 Advice of charges, interest and other adjustments
MT391 Request for payment of charges, interest and other Expenses MT391 Request for payment of charges, interest and other Expenses
MT392 Request for cancellation MT392 Request for cancellation
MT395 Queries MT395 Queries
MT396 Answers MT396 Answers
MT399 Free format message MT399 Free format message
CAT 5 – SECURITIES STANDARDS
Corporate to Financial Institution Financial Institution to Corporate
MT502 Order to buy or sell MT509 Trade status message
MT509 Trade status message MT513 Client advice of execution
MT517 Trade confirmation affirmation MT515 Client confirmation of purchase or sale
MT540 Receive free MT535 Statement of holdings
MT541 Receive against payment MT536 Statement of transactions
MT542 Deliver free MT537 Statement of pending transactions
MT543 Deliver against payment MT538 Statement on intra-position advices
MT549 Request for statement/Status advice MT544 Receive free confirmation
MT565 Corporate action instruction MT545 Receive against payment confirmation
MT568 Corporate action narrative MT546 Deliver free confirmation
    MT547 Deliver against payment confirmation
    MT548 Settlement status and processing advice
    MT564 Corporate action notification
    MT566 Corporate action confirmation
    MT567 Corporate action status and processing advice
    MT568 Corporate action narrative
    MT578 Settlement allegement
    MT586 Statement of settlement allegements
CAT 6 – METALS MESSAGE STANDARDS
Corporate to Financial Institution Financial Institution to Corporate
MT600 Metal trade confirmation MT600 Metal trade confirmation
MT601 Metal option confirmation MT601 Metal option confirmation
CAT 7 – TRADE STANDARDS
Corporate to Financial Institution Financial Institution to Corporate
MT798 Trade envelope MT798 Trade envelope
CAT 9 – ACCOUNT REPORTING STANDARDS
Corporate to Financial Institution Financial Institution to Corporate
MT995 Queries MT900 Confirmation of debit
MT999 Free format message MT910 Confirmation of credit
    MT940 Customer statement message
    MT941 Balance report
    MT942 Interim transaction report
    MT996 Answers
    MT999 Free format message
             

 
Glossary Table:

LCPI: preliminary underwriter for Lender, relationship with and provider of the SBLC
ACI: – affiliated partner and representative for LCPI
COLLATERAL: Primary collateral for funding project will be the project itself, with Lender taking a 1st lien position on the property / land, secondary form of collateral will be a financial instrument such as a BG, CD, SBLC, Bond, and or cash
COMMITMENT FEE: A Commitment Fee is required at the time of execution of the Commitment Letter. This fee is either used for further due diligence on the project including a site visit or in case of an SBLC the commitment fee is used as a good faith deposit.
COMMITMENT LETTER: A commitment from the Lender to fund project according to the terms agreed upon in the Term Sheet. Once a Commitment Letter has been issued to a project, Lender has blocked funds for funding of the project
ESCROW AGENT: The agent(s) in control of the Escrow account(s) which the Commitment Fees are held in, the Issuance Fees for the SBLC are held in, the loan proceeds are held in
LEGAL: The Lender’s legal agent, issuing the Term Sheet, Commitment Letter, Final Loan Documents, servicing agent, agent to approval monthly draws, draw disbursing agent
LENDER: Funding Source for project
LOAN FEES: Total loan fees for funding are between 5% and 10%, depending on the project and risk involved.
This is all inclusive of all parties mentioned in this summary and does not include any Broker’s / Agent’s on the Developer’s / Project side of the transaction
POF: Proof Of Funds – letter from financial institution or financial statement for banking institution showing the ability to move forward should Lender issue a Commitment to fund
POP: Proof Of Product – A note from a seller’s bank to a buyer’s that the product offered is available.
SBLC: Stand By Letter of Credit – A bank instrument used as collateral enhancement.
The SBLCs we are dealing with are genuine cash-backed instruments from top rated banks in Europe or the US.
These instruments are transferable, callable, irrevocable, lien able and will be accepted by most banks as collateral.
Minimum term is 1year and 1day. It can be up to 5 years.
The yearly cost is between 8% and 15% of the face value, depending on your project and the issuer.
SBLC PROVIDER: An individual, group of investors or Fund that will supply a SBLC for lease, to be used as secondary collateral in funding project
SECURITY INSTRUMENT: BG, CD, SBLC, or Bond. Whichever instrument is to be used, it must first be approved by the Lender
SERVICING AGENT: The agent / entity which the payments for repayment of the note are paid to
TERM SHEET: Document issued to the project developer(s) / borrower(s), once the project has been underwritten, show casing the terms and preliminary conditions associated with funding of the project
UNDERWRITING: Data extracted from the Executive Summary, Pro Forma’s, Appraisals, Entitlements, or any other source, is inputted into Argus to determine the projects strengths and weaknesses, ultimately determining if it meets the Lenders lending criteria
UNDERWRITER: This task is shared by LCPI & the Lender’s Legal department
ES Executive Summary
LOI Letter of interest
FCO Full corporate offer
NDA Non disclosure agreement
NCND Non circumvent non disclosure agreement
LC Letter of credit
PPP Private placement platform
MT760 A Swift MT760 (MT means message type) 760 is a blocked funds instrument. Your issuing bank will submit a bank to bank message stating that they have blocked funds for a particular time frame specifically for the beneficiary of a receiving bank. Those funds are now an asset of the Beneficiary bank account. From there they can be entered into a trade platform, used for purchasing certain items or commodities, and sometimes used for a line of credit.
MT799 MT799 is a simple text message, sent bank to bank. This is used for a bank to bank proof of funds, only. The MT799 is not a form of payment and it is not a bank undertaking or promise to pay. It is simply a bank to bank confirmation of the funds on deposit, nothing more.
MT103 The MT 103 is a specific message format used mainly for trasferring moneys between customers of different banks or other similar finantial institutions (ie credit card operators)
Advance Payment Bond A bond issued by a surety company, or a standby letter of credit issued by a bank, on behalf of an exporter, the purpose of which is to refund a buyer for his advance payment of merchandise, if the exporter fails to fulfill his obligations.
BG Bank guarantee – A bank instrument used as collateral enhancement.
The BGs we are dealing with are genuine cash-backed instruments from top rated banks in Europe or the US.
These instruments are transferable, callable, irrevocable, lien able and will be accepted by most banks as collateral.
Minimum term is 1year and 1day. It can be up to 5 years.
The yearly cost is between 8% and 15% of the face value, depending on your project and the issuer.
Performance Bond A performance bond is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor.
SKR Safe Keeping Receipt – An SKR is a financial instrument that can be used for many purposes by providing security over assets, with the consent of the issuer or his bank or safekeeping facility. An SKR involves the storage of assets or other items of value in a protected, secured area. The SKR issuer is the  custodian of the asset and is therefore legally responsible for the items in safekeeping.
CD Certificate of Deposit confirms that you have assets in the bank.
We can help you to lease a CD