MT700 Documentary LC Issuance Services

Arrangement and coordination of Documentary Letters of Credit under UCP 600. We manage MT700 issuance, MT707 amendments, issuer and confirmer selection, document standards, and presentation risk so shipments clear and suppliers are paid at sight or at usance as agreed.

We deliver end to end MT700 issuance backed by clear drafts, bank acceptance, and workable collection paths. Our team aligns wording with counterparties, sets reimbursement mechanics, coordinates confirmation where required, and calibrates document sets to reduce discrepancies. Transactions are executed with regulated banks in Europe, the United Kingdom, the United States, and selected corridors in the Middle East, Africa, and Asia.

Scope of Services

Issuance & Amendments

  • MT700 issuance with complete field set and workable period for presentation
  • MT707 amendments sequenced to keep goods moving
  • Reimbursement terms via MT740 or bilateral reimbursement agreement
  • Expiry place, governing law, and UCP 600 reference defined

Banks & Confirmation

  • Issuer and confirmer mapping by country, tenor, and limit
  • Advising and nominated bank selection with collection capability
  • Silent or disclosed confirmation subject to pricing and limits
  • Country risk and counterparty checks prior to draft circulation

Documents & Presentation

  • Incoterms alignment and clear document list to reduce discrepancies
  • Inspection, insurance, and certificate wording calibrated to practice
  • Usance terms, acceptance, and discounting path defined when applicable
  • Standards for partial shipments, transshipment, and tolerance

Execution & Monitoring

  • Term sheet negotiation and bank checklist control
  • SWIFT tracking from issuance to presentation and settlement
  • Discrepancy handling protocol agreed with counterparties
  • Post issuance monitoring to expiry or reimbursement completion

Common Use Cases

  • Import procurement with supplier payment at sight or at tenor
  • Back to back LCs and transferable LCs for structured flows
  • Commodity shipments requiring confirmation and discounting
  • Project and EPC shipments tied to milestones and punch lists
  • Inventory and receivables programs that require LC support

Eligibility and Dossier

Minimums

  • LC face amount from USD 5,000,000
  • Named counterparties and visible shipment calendar
  • Defined Incoterms, tenor, and jurisdictions

Core Dossier

  • Applicant KYC and ownership disclosure
  • Financial profile and liquidity overview
  • Draft wording or beneficiary template if provided
  • Confirmation preference and reimbursement plan

Process

Onboarding

Mandate and KYC. Scope confirmed. Counterparties screened. Issuer and confirmer short list prepared with target pricing.

Drafting

Field set completed under UCP 600. Documents and presentation standards agreed. Beneficiary bank pre check for acceptance and confirmation.

Issuance

Compliance and credit cleared. MT700 issued. MT707 amendments managed to alignment. Reimbursement and settlement path validated.

Settlement & Monitoring

Presentation tracked, discrepancies resolved, and funds released per terms. File monitored through reimbursement and expiry.

Pricing Guidance

  • Issuance fee and confirmation margin driven by bank, country, counterparty, and tenor
  • Discounting priced to benchmark plus margin when usance terms apply
  • Advising, reimbursement, and amendment fees disclosed up front
  • Arrangement via retainer and success linked fee

Final economics depend on structure, documentary risk, limits, jurisdiction, and tenor.

Request an MT700 DLC Quote

Share shipment details and draft language. We respond with issuer options, confirmation paths, pricing, and an execution timetable.

Provide counterparties, Incoterms, document list, tenor, currency, and any beneficiary draft. Indicate confirmation preference and reimbursement method.

Request Term Sheet How It Works

Arranged through licensed banks subject to AML, KYC, sanctions, and credit approval. No commitment to lend until final approval and documentation.

Financely acts as advisor and arranger. We are not a bank and do not take deposits. Documentary LCs are issued by regulated counterparties under UCP 600 and remain subject to due diligence, credit approval, and final documentation.