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Exemple of SWIFT payment.
Buyer: (SWIFT 700) – AGAINST BG Seller: (SWIFT 760) - MAJOR WORLD BANK -103%

Contract procedures
1. Buyer sends ICPO
2. Buyer signs NCND and IMFPA
3. Seller issues full corporate offer (FCO) and buyer returns one copy of FCO duly countersigned signifying acceptance of all terms and conditions herein stated
4. Seller sends the draft contract to the buyer
5. Buyer sends contract duly signed, stamped and sealed to seller in electronic format
6. Seller returns contract to the buyer duly signed, and sealed in electronic format
7. Buyer sends a letter (addendum 4) about readiness to issuance the first payment by swift mt700 with a draft of swift mt700 (addendum 1) coordinated by buyer’s bank and contract duly signed and sealed by courier to the seller
8. Within 2 (two) banking days after receiving of a letter about readiness to issuance the first payment from the buyer the seller sends invoice through fax and courier with a hard copy of contract to the buyer            
9. Within 2 (two) banking days buyer’s bank sends the first payment by swift mt700 according to the invoice to the seller’s account
10. Seller sends the bank guarantee (bg) by swift mt760 (addendum 2) to the buyer’s account after then swift mt700 will be come unconditionally immediately
11. Shipments begin according to contract and continue until fully contracted quantity is shipped and delivered (addendum 3)

PAYMENT TERMS AND GUARANTEES

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