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    Draft - SBLC

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    ocazeta
    The document provides templates for a Standby Letter of Credit (SBLC) and verification of funds message. The SBLC template confirms the issuing of an irrevocable, unconditional letter of credit for a specified currency amount to a beneficiary. It details terms including the maturity date and that payment will be made without deductions. The funds verification message template confirms cash funds held in an account on behalf of an account holder for a specified currency amount. It includes fields for the sender, receiver, account details and signatures of bank officers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Draft - SBLC

    Uploaded by

    ocazeta
    385 views1 page
    The document provides templates for a Standby Letter of Credit (SBLC) and verification of funds message. The SBLC template confirms the issuing of an irrevocable, unconditional letter of credit for a specified currency amount to a beneficiary. It details terms including the maturity date and that payment will be made without deductions. The funds verification message template confirms cash funds held in an account on behalf of an account holder for a specified currency amount. It includes fields for the sender, receiver, account details and signatures of bank officers.

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    DRAFT - SBLC

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    The document provides templates for a Standby Letter of Credit (SBLC) and verification of funds message. The SBLC template confirms the issuing of an irrevocable, unconditional letter of credit for a specified currency amount to a beneficiary. It details terms including the maturity date and that payment will be made without deductions. The funds verification message template confirms cash funds held in an account on behalf of an account holder for a specified currency amount. It includes fields for the sender, receiver, account details and signatures of bank officers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    385 views1 page

    Draft - SBLC

    Uploaded by

    ocazeta
    The document provides templates for a Standby Letter of Credit (SBLC) and verification of funds message. The SBLC template confirms the issuing of an irrevocable, unconditional letter of credit for a specified currency amount to a beneficiary. It details terms including the maturity date and that payment will be made without deductions. The funds verification message template confirms cash funds held in an account on behalf of an account holder for a specified currency amount. It includes fields for the sender, receiver, account details and signatures of bank officers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    DRAFT - SBLC

    VERBIAGE PRE ADVICE FOR STANDBY LETTER OF CREDIT - MT799:


    S.W.I.F.T. – WIRE FORMAT MT799: NOTIFICATION :
    DELIVERYSTATUS: PRIORITY/DELIVERY:
    MESSAGE IN PUT REFERENCE:
    ------------------------------------------MESSAGEHEADER------------------------------------------
    SWIFT INPUT: MT799 PROOF OF FUNDS SENDER:
    AMOUNT :
    ACCOUNT NAME:
    ACCOUNT NUMBER:
    RECEIVER:
    BANK NAME :
    BANKADDRESS:
    SWIFTCODE:
    BANKOFFICER:
    ACCOUNT NAME:
    ACCOUNT NUMBER:
    IN FAVOR OF:
    -------------------------------------------SWIFT MESSAGE TEXT------------------------------------------
    TRANSACTION CODE :
    TRANSACTION NUMBER :
    WE, -- ( INSERT NAME & LOCATION OF SENDING BANK-)
    REPRESENTED BY THE UNDERSIGNED OFFICERS, HERBY CONFIRM, WITH FULL BANK RESPONSIBILITY AND LIABILITY ON
    BEHALF OF OUR ACCOUNTHOLDER ---( INSERT NAME OF ACCOUNT HOLDER/SIGNATORY),CASH FUNDS IN THE AMOUNT OF ---
    INSERT AMOUNT IN WORDS ---- MILLION UNITED STATES DOLLARS (USD $XX,000,000.00) IN ACCOUNT NUMBER
    AS OF THE DATE OF THIS TRANSMISSION.
    DATE RECORDED : (INSERT DATE)
    BANK OFFICER: BANK OFFICER:
    PIN: PIN:
    BANK NAME :
    BANK ADDRESS:
    SWIFT CODE:
    BANK OFFICER :
    ANNEX 2 : PLEASE IS ACCEPTED ONLY TOP 50 WORLD BANKS
    VERBIAGE SBLC FORMAT VIA SWIFT FIN MT 760
    (TEXT MAY BE CHANGED BUT ESSENTIAL UNDERTAKING MUST REMAIN THE SAME)
    SENDER BANK NAME:
    BANK ADDRESS: BANK TEL:
    BANK FAX:
    BENK OFFICER NAME: SWIFT CODE: ACCOUNT NAME: ACCOUNT NO:
    TO
    BANK NAME: BANK ADDRESS: BANK TEL: BANK FAX:
    BENK OFFICER NAME:
    SWIFT CODE:
    ACCOUNT NAME:
    ACCOUNT NO:
    TRANSACTION CODE:
    BG/SBLC NO:
    CURRENCY:
    AMOUNT:
    ISSUING DATE:
    MATURITY DATE:
    WE HEREWITH OPEN OUR BANK STANDBY LETTER OF CREDIT NO. AS FOLLOWS:
    FOR THE VALUE RECEIVED, WE, THE UNDERSIGNED, [ISSUING BANK], HEREBY ISSUE WITH FULL BANK RESPONSIBILITY
    OUR IRREVOCABLE, UNCONDITIONAL, TRANSFERABLE, DIVISIBLE, AND CALLABLE WITHOUT PROTEST OR NOTIFICATION
    AND PROMISE TO PAY AGAINST THIS BANK STAND BY LETTER OF CREDIT THE BENEFICIARY ,
    ACCOUNT NUMBER: --.
    THE BEARER OR HOLDER THEREOF, AT MATURITY, THE SUM OF -------------------- ON EURO € IN THE
    LAWFUL CURRENCY OF EUROPEAN UNION, UPON PRESENTATION AND SURRENDER OF THIS BANK STANDBY LETTER OF CREDIT
    AT THE COUNTERS OF BANK
    SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY DEDUCTIONS, CHARGES, FEES, OR
    WITHHOLDING OF ANY NATURE PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY
    THE GOVERNMENT OF [COUNTRY OF ISSUE] OR ANY POLITICAL SUBDIVISION OR AUTHORITY AND THEREIN AND THEREOF.
    THIS BANK STANDBY LETTER OF CREDIT IS DIVISIBLE, ASSIGNABLE, TRANSFERABLE, CALLABLE AND NEGOTIABLE
    WITHOUT PRESENTATION OF IT TO US AND WITHOUT THE PAYMENT OF ANY TRANSFER FEE OR CHARGES.
    WE FURTHER CONFIRM THAT THIS MT-760 BANK STANDBY LETTER OF CREDIT IS AN OPERATIVE INSTRUMENT AND HERBY
    IN FAVOUR OF --------------------
    THIS BANK STANDBY LETTER OF CREDIT IS GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE
    INTERNATIONAL LAWS AND [COUNTRY OF ISSUE] AND THE UNIFORM CUSTOMS AND PRACTICE
    FOR BANK GUARANTEE AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE, UNIFORM RULES FOR DEMAND
    GUARANTEES, (ICC PUBLICATION NO. 600).
    THIS IS AN OPERATIVE INSTRUMENT AND NO MAIL CONFIRMATION WILL FOLLOW.
    FOR AND ON BEHALF OF (ISSUING BANK).
    BANK OFFICER 1: BANK OFFICER 2:
    AUTHORIZED SIGNATORY AUTHORIZED SIGNATORY
    BANK OFFICER TITLE/PIN

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