ECO NOVA

Standard Bank Guarantee Draft Request Template

Purpose of This Document

This template helps you formally request a Bank Guarantee draft from your bank for the BG monetization process. The draft BG (not yet issued) will be reviewed by the Abu Dhabi Sovereign Fund to confirm their ability to monetize it before formal issuance.


Key Points:




|
Date:
To:
The Manager
Trade Finance / International Banking Department



REQUEST FOR BANK GUARANTEE DRAFT - MT760 FORMAT

Dear Sir/Madam,

Re: Account Number:

We refer to our recent discussions regarding the issuance of a Bank Guarantee to support our project financing through BG monetization. We hereby formally request your bank to prepare a DRAFT Bank Guarantee in MT760 format with the following specifications:

BANK GUARANTEE SPECIFICATIONS

Guarantee Type: Standby Bank Guarantee (SBLC) - Non-Transferable
Guarantee Amount: USD
Amount in Words:
Validity Period: Year(s) and Day
Purpose: Project Financing / Working Capital (Non-Performance Guarantee)
Beneficiary: To be advised (Abu Dhabi-based Financial Institution)
Issuing Bank:
Governing Rules: Subject to Uniform Rules for Demand Guarantees (URDG 758)
Delivery Method: SWIFT MT760 via Bank-to-Bank

Important Note:

This request is for a DRAFT ONLY at this stage. The draft will be submitted to our funding facilitators (Eco Nova) for review and confirmation by the monetizing institution. No fees, charges, or collateral are required for preparing this draft. Actual issuance will only proceed after receiving confirmation of monetization capability.

Draft BG Format Requirements:

  • Must be in standard SWIFT MT760 format
  • Must include all mandatory fields as per SWIFT standards
  • Must be irrevocable and unconditional
  • Must be governed by URDG 758 (ICC Publication)
  • Must allow for authentication via SWIFT

We understand that this draft does not constitute a commitment by your bank to issue the guarantee. The purpose is to ensure format compatibility with the monetizing institution's requirements before proceeding with the formal application process.

Upon your preparation of the draft, please provide it in both:

  1. PDF format on your bank's letterhead
  2. SWIFT MT760 message format (text file)

Attachments for Your Reference:

  • Company Registration Certificate
  • Board Resolution authorizing BG application
  • Project Summary (1 page)
  • Eco Nova Authorization Letter
  • Sample MT760 format (if required)

We request your team to prepare this draft within business days. Should you require any clarification or additional information, please contact the undersigned or our authorized facilitator, Eco Nova.

We appreciate your cooperation and look forward to your positive response.

Yours faithfully,

For and on behalf of

Authorized Signatory
Name:
Designation:
Contact:

CC: Eco Nova - BG Monetization Facilitator

Appendix: Sample MT760 Format Structure

MT760 - ISSUE OF A DEMAND GUARANTEE/STANDBY LETTER OF CREDIT

:27: Sequence of Total
:20: Transaction Reference Number
:23: Further Identification
:30: Date of Issue
:40C: Applicable Rules: URDG LATEST VERSION
:77C: Details of Guarantee

GUARANTEE DETAILS:
- Type: Demand Bank Guarantee
- Amount: USD [AMOUNT]
- Validity: [DATE]
- Purpose: Project Financing
- Conditions: Irrevocable and Unconditional

:71D: Charges
:48: Period of Presentation
:49: Confirmation Instructions
:58: Beneficiary Bank Details
:59: Beneficiary Details
:32B: Currency Code, Amount

Note: Your bank's trade finance department will be familiar with the complete MT760 format and requirements.