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:
TOTAL
FACE VALUE: €100,000,000.00 (ONE HUNDRED MILLION EURO)
WE, (NAME OF BANK) WITH OUR ADDRESS AS (ADDRESS
OF BANK) HAVING IRREVOCABLY AND UNCONDITIONALLY WITH FULL BANK RESPONSIBILITY,
CONFIRM WITHOUT RECOURSE THAT WE HAVE ISSUED THE BANK DRAFT BEARING NO:
XXXXXXXXXX FOR AMOUNT OF €100,000,000.00 (ONE HUNDRED
MILLION EURO) IN FAVOR OFXXXXXXXXXXXXX)WITH VALIDITY FOR THREE HUNDRED SIXTY SIX (366)
DAYS FROM THE DATE OF ISSUE ON THE REQUEST OF XXXXXXXXXX, OF DEPOSIT ACCOUNT
NUMBER XXXXXXXXXXXXXXX
AS PER THE BANK TRANSACTION CODE NUMBER XXXXXXXXXX, ISIN XXXXXXXXXXXXXXX.
PAYMENT OF THE
SAME WILL BE AVAILABLE BY BENEFICIARY’S FIRST WRITTEN DEMAND VIA SWIFT WIRE
SYSTEM. DEMAND HERE UNDER MUST BE MARKED DRAWN UNDER THE BANK DRAFT NUMBER
XXXXXXXXXXX DATED (DAY, MONTH, 2016) OF MATURITY DATE (DAY, MONTH, 2017), BUT
NOT LATER THAN FIVE (5) DAYS BEFORE THE MATURITY DATE.
THIS IS AN OPERATIVE INSTRUMENT. SUCH PAYMENT
SHALL BE MADE WITHOUT SET-OFF AND CLEAR OF ANY DEDUCTIONS, OR CHARGES, FEES OR
WITHHOLDING OF ANY NATURE, NOW OR HEREINAFTER IMPOSED, LEVIED, COLLECTED,
WITH-HELD OR ASSESSED BY THE GOVERNMENT OF XXXXXXXXXXXXXX OR ANY POLITICAL SUBDIVISION OR AUTHORITY
THEREOF OR THEREIN. THIS BANKERS DRAFT IS TRANSFERABLE, ASSIGNABLE AND
DIVISIBLE WITHOUT PRESENTATION TO US OR PAYMENT OF FURTHER FEES. THIS BANKERS DRAFT IS
AN OPERATIVE INSTRUMENT WHICH IS CALLABLE AT THE ISSUING BANK AND IS SUBJECT TO
THE UNIFORM CUSTOMS PRACTICE OF DOCUMENTARY CREDIT (1983 REVISION) AND SHALL BE
GOVERNED AND CONSTRUED BY THE LAWS OF EUROPEAN COMMUNITY IN ACCORDANCE WITH ICC
PUBLICATION 500/600 LATEST VERSION, PARIS FRANCE. THIS BANK DRAFT EXPIRES AFTER
ONE (1) YEAR AND ONE (1) DAY FROM THE DATE OF ISSUE.
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