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MT110 Verbiage

EXHIBIT “B” MT110 VERBIAGE BY PROVIDER (ICC 600) (Specimen copy – Final verbiage as per issuing Bank standard ICC format) ****************************************************************** ************** : 20:       TRANSACTION REFERENCE NUMBER :12:       MESSAGE TYPE 110 :77E:     PROPRIETORY MESSAGE SENDER: SWIFT CODE: TO: TO: BANK NAME:                                       BANK ADDRESS:                                  SWIFT CODE:                                       ACCOUNT NUMBER:                          BENEFICIARY:                                      BANK OFFICER NAME:                        BANK 'S TEL.:                                                    TYPE OF INSTRUMENT:                      BANK DRAFT BANK DRAFT NUMBER:                      XXXXXXXXXXXXXXXXX DATE OF ISSUE:                                   XXXXXXXXXXXXXXXXX MATURITY DATE:                                XXXXXXXXXXXXXXXXX BENEFICIARY:            

Issuing Bank Credit Suisse/NBD/NBAD/RAKBANK

Transaction Procedures RECEIVER EXECUTE, SIGN AND INITIAL THIS DEED OF     AGREEMENT (MOU). WITHIN 2 (TWO) BANKING DAYS AFTER SIGNING OF CONTRACT,      THE PROVIDER BANK SENDS SOFT COPY OF THE BANK DRAFT      AND CONFIRMATION LETTER TO RECEIVER BANK. BANK OFFICER’S      MAIL TO BANK OFFICER’S MAIL. WITHIN 2 (TWO) BANKING DAYS AFTER VERIFICATION OF SOFT      COPY, RECEIVER BANK WILL ISSUE AN UNDERTAKING PAYMENT MT799      IN FAVOUR OF THE PROVIDER. UPON RECEIPT OF THE UNDERTAKING PAYMENT, PROVIDER     SHALL CONFIRM IT BY MT110 SWIFT TO RECEIVER BANK AFTER CONFIRMATION OF MT110, WITHIN 2 BANKING DAYS      RECEIVER INSTRUCTS HIS BANK TO RELEASE THE TOTAL PAYMENT      OF  40% OF THE TOTAL VALUE      OF THE BANK DRAFT) MUST BE ADVANSED TO PROVIDER      THEIR PROVIDED/NOMINATED BANK ACCOUNT VIA SWIFT      WIRE TRANSFER MT103 SAME DAY VALUE, DAY OF RECEIPT. THE HARD COPY WILL BE SENT OVER TO THE CLIENT,      IMMEDIATELY AFTER CONFIRMATION OF THE FULL PAYMENT      OF