How safe is mt760?

How safe is mt760?
How safe is mt760 or are the mt760 is safe ?


The MT760 is backed by the assets of issuing bank - not by any lawyer, financial broker or investor. if the blocked funds exceed the value of the bank, this may go bancrupt should the blocked funds be called on, unless they have used other banks (which is the usual case) to confirm the guarantee.

Failure to comply will make the bank loose it status on the Swift banking network.