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    Text760 Bc-Pme

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    Losa
    The document is a draft format for a SWIFT MT760 standby letter of credit (SBLC) issued by Banque Camerounaise des Petites at Moyennes Entreprises (BC-PME) located in Cameroon. The SBLC guarantees payment of 135 million US dollars to the beneficiary, who is not named, at maturity one year and one month from issuance. The funds are blocked as collateral and will be paid without delay or protest upon presentation of the SBLC. The SBLC can be used by the beneficiary for loans or credit at their discretion and is freely transferable without notice or fees.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Text760 Bc-Pme

    Uploaded by

    Losa
    46 views1 page
    The document is a draft format for a SWIFT MT760 standby letter of credit (SBLC) issued by Banque Camerounaise des Petites at Moyennes Entreprises (BC-PME) located in Cameroon. The SBLC guarantees payment of 135 million US dollars to the beneficiary, who is not named, at maturity one year and one month from issuance. The funds are blocked as collateral and will be paid without delay or protest upon presentation of the SBLC. The SBLC can be used by the beneficiary for loans or credit at their discretion and is freely transferable without notice or fees.

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    TEXT760_BC-PME

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    The document is a draft format for a SWIFT MT760 standby letter of credit (SBLC) issued by Banque Camerounaise des Petites at Moyennes Entreprises (BC-PME) located in Cameroon. The SBLC guarantees payment of 135 million US dollars to the beneficiary, who is not named, at maturity one year and one month from issuance. The funds are blocked as collateral and will be paid without delay or protest upon presentation of the SBLC. The SBLC can be used by the beneficiary for loans or credit at their discretion and is freely transferable without notice or fees.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    46 views1 page

    Text760 Bc-Pme

    Uploaded by

    Losa
    The document is a draft format for a SWIFT MT760 standby letter of credit (SBLC) issued by Banque Camerounaise des Petites at Moyennes Entreprises (BC-PME) located in Cameroon. The SBLC guarantees payment of 135 million US dollars to the beneficiary, who is not named, at maturity one year and one month from issuance. The funds are blocked as collateral and will be paid without delay or protest upon presentation of the SBLC. The SBLC can be used by the beneficiary for loans or credit at their discretion and is freely transferable without notice or fees.

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    © All Rights Reserved
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    SWIFT MT760 SBLC VERBIAGE FORMAT

    WE, BANQUE CAMEROUNAISE DES PETITES AT MOYENNES ENTREPRISES (BC-PME), LOCATED AT:
    516 RUE 1157 ALBERT ATEBA EBE, CARREFOUR NLONGKAK, P.O BOX: 12.962 YAOUNDE,
    CAMEROON, WITH FULL BANK RESPONSIBILITY AND LIABILITY, HEREBY ISSUE OUR IRREVOCABLE
    AND UNCUNDITIONAL STANDBY LETTER OF CREDIT NO: ____________ IN FAVOUR AND FOR THE
    BENEFITOF_________________________________________, WITH ACCOUNT NUMER:
    _____________________, AND WITHOUT PROTEST OR NOTIFICATION PROMISE AND GUARANTED
    TO PAY ON TIME, IN FULL AND WITHOUT DELAY, AGAINST THIS STAND BY LETTER OF CREDIT IN
    FAVOUR OF _________________________________, WITH ACCOUNT NUMBER:
    ______________________________, THE BEARER OR HOLDER THEREOF, AT MATURITY, THE SUM
    OF 135,000,000,00 ( xxx MILLION ONLY) IN THE LAWFUL CURRENCY OF UNITED STATES OF
    AMERICA. THESE FUNDS ARE BLOCKED AND RESERVED AS COLLATERAL FOR THIS STANDBY LETTER
    OF CREDIT NUMBER: ________________, TO THE ORDER OF
    ________________________________, WITH ACCOUNT NUMBER: ________________________,
    AND WILL NOT BE CHANGED ALTERED OR ENGAGED, FOR ONE (1) YEAR AND ONE (1) MONTH AS
    OF THE ISSUING DATE OF THIS STANDBY LETTER OF CREDIT. WITHOUT PROTEST OR
    NOTIFICATION, WE GUARANTEE TO PAY WITHOUT DELAY AGAINST THIS STANDBY LETTER OF
    CREDIT IN FAVOUR OF ______________________________, WITH ACCOUNT NUMBER:
    ________________________, THE BEARER OR HOLDER THERE OF, THE SUM 135,000,000,00 ( xxx
    MILLION ONLY) IN THE LAWFUL CURRENCY OF UNITED STATES OF AMERICA AT FIRST DEMAND,
    UPON PRESENTATION AND SURRENDER OF THIS STANDBY LETTER OF CREDIT AT BANQUE
    CAMEROUNAISE DES PETITES AT MOYENNES ENTREPRISES (BC-PME), LOCATED AT:516 RUE 1157
    ALBERT ATEBA EBE, CARREFOUR NLONGKAK, P.OBOX: 12.962 YAOUNDE, CAMEROON, THE SUM
    DUE AND PAYABLE TO YOU ON THE MATURITY DATE, WITHOUT SETOFF, AND FREE AND CLEAR OF
    ANY CHARGES, FEES OR WITH HOLDING OF ANY NATURE OR OF THE GOVERNMENT OF THE
    CAMERUM REPUBLIC OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.

    THIS STANDBY LETTER OF CREDIT IS FREE AND CLEAR OF ANY LIENS AND ENCUMBRANCES, AND
    CAN BY USED BY THE BENEFICIARY TO OBTAIN LOANS OR CREDIT LINES AT THEIR DISCRETION AND
    FOR THEIR USE AS THEY DEEMFIT.

    THIS STANDBY LETTER OF CREDIT IS NEGOTIABLE, ASSIGNABLE, DIVISIBLE, AND FREELY


    TRANSFERABLE WITHOUTNOTICEORPRESENTATION OF IT TO US AND WITHOUT THE PAYMENT OF
    ANY TRANSFER FEES OR CHARGES. THIS STANDBY LETTER OF CREDIT AN OPERATIVE BANK
    INSTRMENT AND SHALL BE SUBJECT TO THE UNIFORM CUSTOMS AND PRATICES FOR
    DOCUMENTARY CREDITS REVISION AS PUBLISHED BY THE INTERNATIONAL CHAMBER OF
    COMMERCE, PARIS, FRANCE, ICC PUBLICATION NO. 500/600, AND ANY REVISION THEREOF.

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