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 OF100,000,000.00 (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.



Comments

Popular posts from this blog

BG/SBLC LEASE 12+3

KAMAGRA Gold 100mg

Dubai receiver MT103/202