Sunday, January 13, 2013 1:59:21 AM
Ask the GOODof the universe and you shall receive:
TRANSACTION IS BACKED WITH CASH FUNDS
More clarification, in Order to:
*Banking Swift has multiple different types of messaging systems
*MT 760 is one of those options
*This message is sent at the request of the Bank account holder, from one bank to other bank. Bank to Bank.
*The account holder wants to show the other bank there are funds available in his bank account to cover a particular transaction
*In order to make this message happen this is the process for account holder irrevocably agrees that their bank will hold the same amount of funds as security for the transaction. Cash Backed Security is a Cash Backed Financial Instrument sent via Swift MT 760 which is called Cash Backed Security
SHHH!
http://financetraining.com/mt760-explained-the-mt760-explained-in-terms-you-can-understand/
In order to transfer messages, SWIFT developed nine different types of messages. The MT760 is one of those messaging options. Usually, it is a message sent at the request of the account holder, from one bank to another. The account holder wants to show the other bank there are funds available to cover a particular transaction. In order to make this message happen, the account holder agrees that their bank will hold the same amount of funds as security for the transaction. This security feature makes the MT760 a cash-backed financial instrument.
PAY ATTENTION TO HSBC Key words Hillard has already taken BGMO shareholders into Never Ever Land. Yoda has also learned the hard way to never say never in the real world. Bergamo is Real.
*NO Swift will perform without Cusip Number.
*No Security will be issued without Cusip Number it is a part of Swift transaction
For more understanding Also See my posts #27109, 27259, 27249
always IMO humbly seeking truth in genuine gold, assets, bonds and cash.
GLTA
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