Two instruments. One platform.
DEALEXUS structures and runs cross-border deals on two bank instruments, each transmitted bank-to-bank over SWIFT. Every deal follows the same eight-step sequence — NCNDA to CLOSED — with the fee agreement signed before the deal moves and each counterparty shown only the other side's verification status.
01 / 02 · SWIFT MT760
SBLC
Standby Letter of Credit
A bank guarantee of payment issued by a financial institution on behalf of the applicant in favour of a beneficiary. Transmitted bank-to-bank via SWIFT MT760. Called upon only when the applicant fails to fulfil a contractual obligation — the instrument behind commodity finance, project bonds and credit enhancement.
02 / 02 · SWIFT MT700
DLC
Documentary Letter of Credit
A payment undertaking issued by a bank on behalf of the buyer, guaranteeing payment to the seller upon presentation of complying documents. The primary instrument in international trade — oil, commodities, machinery — governed by UCP600. Transmitted via SWIFT MT700 from issuing bank to advising bank.
Side-by-side comparison
How the instruments compare.
SBLC MT760 and DLC MT700, both run on DEALEXUS.
| Feature | SBLC MT760 | DLC MT700 |
|---|---|---|
| Purpose | Guarantee of performance | Payment against documents |
| Governing rules | ISP98 | UCP600 |
| SWIFT message | MT760 | MT700 |
| Triggered by | Non-performance | Complying documents |
| Used in | Commodity, project, credit | Import / export trade |
| NCNDA required | Yes | Yes |
| Commission IMFPA | Yes | Yes |
| Client funds | None held — the issuing bank disburses | None held — the issuing bank disburses |
| On DEALEXUS | Live | Live |
One platform for both. Open a deal on DEALEXUS.
Choose your instrument when you create the deal. The same eight-step sequence applies, with the fee schedule recorded in the signed IMFPA.