MT700 DLC Application And Done For You Issuance Coordination
Financely manages the MT700 documentary letter of credit application pathway for importers, commodity buyers and trade sponsors. The applicant submits the transaction file. Financely structures the application, selects the appropriate issuer pathway, coordinates with issuer companies, handles bank routing where suitable, reviews MT700 wording and supports the file through issuance readiness.
Fixed MT700 DLC Fees
Tier 1
USD 6,500For MT700 DLC applications from USD 250,000 to USD 1,000,000 face value.
Tier 2
USD 13,000For MT700 DLC applications from USD 1,000,001 to USD 5,000,000 face value.
Tier 3
USD 26,000For MT700 DLC applications above USD 5,000,000 face value.
Collateral Arrangement Add On USD 10,000 Add USD 10,000 if you need Financely to coordinate collateral arrangement support. The fixed tier fee covers the done for you MT700 DLC issuance pathway described on this page. Other applicable fees after issuance are handled directly with the issuing or handling banks.
Done For You Service Applicants do not need to choose the issuer route. Financely reviews the transaction and determines the appropriate pathway, including issuer company coordination, collateral supported routing, bank submission support or direct bank introduction where appropriate.
An MT700 documentary letter of credit is a SWIFT-format documentary credit used to transmit payment terms from an issuing bank to the beneficiary’s bank. It is commonly used where a supplier wants bank-backed payment assurance before shipping goods, releasing cargo or accepting documentary payment terms.
Financely acts as an advisory and issuer coordination firm. Our work covers DLC application structuring, issuer package preparation, done for you issuer pathway selection, third-party issuer company coordination, direct bank introduction where suitable, collateral arrangement support where selected, MT700 wording review and issuance readiness.
Simple Issuance Process
1. Complete The Application
Submit the applicant details, beneficiary details, DLC face value, tenor, goods, transaction summary, collateral status and available documents.
2. Financely Selects The Pathway
Financely reviews the file and determines the appropriate issuance pathway, including issuer company coordination, bank routing or collateral supported submission.
3. Pay Or Request E-Invoice
Pay directly to expedite submission or select the e-invoice option and receive confirmation after submitting the form.
4. Review MT700 Wording
Upload draft MT700 verbiage if available. Financely reviews wording, shipment documents, presentation period, expiry, charges and beneficiary terms.
5. Move To Issuance Readiness
The file moves through issuer questions, document requests, collateral route, bank or provider submission, final wording and issuance coordination.
After Issuance
Other applicable bank charges after issuance are handled directly with the issuing or handling banks.
Credible Banks That May Issue Or Handle Documentary Credits
Depending on applicant profile, jurisdiction, transaction quality and bank appetite, documentary credits may be issued, advised, confirmed or otherwise handled by credible international trade finance banks. The actual issuer or handling bank is confirmed after application review.
Examples Of Credible Trade Finance Banks
- HSBC
- Standard Chartered
- Citi
- Deutsche Bank
- J.P. Morgan
- Bank Of America
- BNP Paribas
- Santander
How Bank Routing Works
Financely determines whether the file should move through an issuer company, collateral supported route, trade finance provider or direct bank introduction. The applicant does not need to choose this route inside the form.
What Financely Delivers
DLC Application Review
We review the applicant, beneficiary, transaction, goods, payment terms, tenor, contract documents, requested DLC amount and available collateral route.
MT700 Structure Support
We help position the DLC request around commercial terms, shipment documents, expiry, presentation period, tolerance, Incoterms and UCP 600 requirements.
Issuer Package Preparation
We prepare a provider-facing package covering the applicant, transaction, use case, beneficiary, collateral route, repayment source and required DLC terms.
Done For You Issuer Routing
Financely selects the appropriate issuer pathway based on the file, instead of asking the applicant to choose between banks, issuer companies or collateral backed routes.
Issuer Company Coordination
We coordinate with third-party companies that may arrange or procure DLC issuance on the applicant’s behalf through a bank or approved issuance route.
Direct Bank Introduction
In selected cases, where the applicant profile and documentation are strong enough, Financely may introduce the file directly to a bank or trade finance desk.
Collateral Arrangement Support
Where collateral is required, Financely can coordinate collateral arrangement support for an additional USD 10,000.
Issuance Coordination
We support document requests, issuer questions, draft wording review, fee coordination, closing checklist and issuance readiness through completion.
Beneficiary Wording Review
We help review whether the proposed wording is commercially workable before the applicant proceeds with issuer submission.
Indicative MT700 DLC Term Sheet
| Instrument | MT700 Documentary Letter Of Credit arranged through a bank, issuer company, collateral backed provider or approved trade finance route selected by Financely after application review. |
| Rules | Typically UCP 600, unless the issuing bank, beneficiary and applicant agree another documentary credit framework. |
| Eligible Applicant | Importer, commodity buyer, trader, distributor, processor or corporate applicant with a real underlying trade transaction. |
| Eligible Use | Supplier payment assurance, import purchases, commodity trades, inventory procurement, equipment purchases and commercial goods transactions. |
| Minimum Face Value | USD 250,000. Smaller requests may be reviewed manually. |
| Tier 1 Fee | USD 6,500 for requested DLC face value from USD 250,000 to USD 1,000,000. |
| Tier 2 Fee | USD 13,000 for requested DLC face value from USD 1,000,001 to USD 5,000,000. |
| Tier 3 Fee | USD 26,000 for requested DLC face value above USD 5,000,000. |
| Collateral Arrangement | Add USD 10,000 if the applicant needs Financely to coordinate collateral arrangement support. |
| Fee Coverage | The calculated fee covers the done for you issuance pathway, including application structuring, issuer company coordination, bank or provider submission support, MT700 wording review and issuance readiness. |
| Issuer Pathway | Financely determines the issuer pathway after application review. The applicant does not need to select or manage the issuer route. |
| Bank Costs After Issuance | Other applicable fees after issuance, including bank account charges, amendment fees, advising fees, confirmation fees, payment handling fees or correspondent bank charges, are handled directly with the issuing or handling banks. |
| Potential Bank Names | HSBC, Standard Chartered, Citi, Deutsche Bank, J.P. Morgan, Bank Of America, BNP Paribas, Santander or other credible trade finance banks, depending on eligibility and issuer route. |
| Payment Choice | Applicant may pay directly using Financely’s bank details to expedite submission, or select the e-invoice option and be redirected to the confirmation page after form submission. |
MT700 DLC Completion Form
Complete the form below to calculate the fixed fee required to begin the MT700 DLC application. Upload available transaction documents and MT700 wording if available. The MT700 wording upload is optional.
Client Terms Built Into This Submission
Done For You Issuer Routing Financely determines the appropriate issuer pathway after reviewing the submitted application. The applicant does not need to choose between issuer companies, bank routing, collateral supported providers or direct bank introduction.
Fee Coverage The calculated fixed fee covers the MT700 DLC issuance pathway described on this page, including structuring, issuer company coordination, bank or provider submission support, MT700 wording review and issuance readiness.
Post Issuance Bank Costs Other applicable fees after issuance are handled with the issuing or handling banks directly. These may include bank account charges, amendment fees, advising fees, confirmation fees, payment handling charges, courier charges or correspondent bank charges.
Direct Payment Or E-Invoice Applicants may pay directly using Financely’s bank details to expedite submission, or select the e-invoice route and receive confirmation after form submission.
Frequently Asked Questions
What Is An MT700 DLC?
An MT700 DLC is a documentary letter of credit issued through the SWIFT MT700 message format. It sets out the terms under which a beneficiary may be paid against compliant documents.
Do I Need To Choose The Issuer Route?
No. This is a done for you service. Financely reviews the transaction and determines the appropriate issuer pathway after application review.
Does Financely Work With Issuer Companies?
Yes. Financely can coordinate with third party companies that may arrange or procure DLC issuance on the applicant’s behalf through a bank or approved issuance route.
Can Financely Introduce Applicants Directly To Banks?
Yes. In selected cases, where the applicant profile, documents, collateral route and transaction quality are strong enough, Financely may introduce the file directly to a bank or trade finance desk.
What Does The Fixed Fee Cover?
The fixed fee covers the MT700 DLC issuance pathway, including application structuring, issuer company coordination, bank or provider submission support, MT700 wording review and issuance readiness.
Are Bank Charges Included?
Other applicable fees after issuance are handled directly with the issuing or handling banks. These may include account charges, amendment fees, advising fees, confirmation fees, handling charges or correspondent bank fees.
Do I Need To Upload MT700 Verbiage?
No. Uploading MT700 verbiage is optional. If you already have draft MT700 wording, beneficiary wording requirements, bank template or LC instructions, uploading them helps Financely review the application faster.
What Happens If I Select E-Invoice?
The form redirects to the confirmation page after submission. Financely then reviews the application and sends the e-invoice and retainer agreement.
Can I Pay Directly After Submitting?
Yes. Applicants who select direct payment are redirected to Financely’s bank details page after submission.
Financely provides commercial finance advisory, MT700 DLC application structuring, issuer company coordination, bank or provider submission support, collateral arrangement support and issuance readiness services for eligible business transactions. This page is for general commercial information and application intake.