SBLC financeability lab
An MT760 is not a promise of monetisation.
Use the same three-question discipline: genuine, drawable, then financeable.
1Genuine?
Was the MT760 properly received and authenticated through the bank?
2Drawable?
Can the beneficiary realistically make a complying demand before expiry?
3Financeable?
Will a financier accept the issuer, wording, rules, law, transaction and compliance risks?
Teaching result
Never forgetGenuine ≠ drawable ≠ financeable.