Learn Letters of Credit without being frightened by the language.
Start from zero. Learn one small idea at a time. Then practise on MT700 fields, usance terms, documents and financeability.
Learn. Read. Test. Analyse.
The site now contains the working study tools, not only a design preview.
12 guided lessons
From “What is an LC?” to usance financing and discounting.
02MT700 field reader
Search common fields and see a short meaning, why it matters and a beginner warning.
03Paste & analyse
Paste MT700-style text. MyGreed finds recognised fields and explains them locally in your browser.
0448-question trainer
Choose a topic and level. Every answer explains why it is right or wrong.
05Financeability lab
Learn why genuine, drawable and financeable are three different questions.
06Build an LC
Change payment, shipment and document choices and see how complexity changes.
07Case studies
Work through sight, usance and difficult-document examples.
08Plain-English glossary
Banking words in normal words, so users do not need to leave the site.
The first six lessons
Finish these and an MT700 will already look much less frightening.
If a learner has to Google a banking word, we should explain it here.
MyGreed is designed for international users. We use normal English first, then introduce the proper banking term beside it.