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Sender: Verbiage Mt799 Acceptable Draft of Mt799 Block Funds

This document is an MT799 form confirming the availability of funds from a client account at a bank. It specifies the sender and receiver bank details, confirms the client has a certain sum of cleared funds in their account available without restrictions, and places those funds on administrative hold for one year and one month for the benefit of a recipient account. The MT799 is described as irrevocable, unconditional, transferable and valid until the end of the transaction.

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Adi Hamdani
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1K views1 page

Sender: Verbiage Mt799 Acceptable Draft of Mt799 Block Funds

This document is an MT799 form confirming the availability of funds from a client account at a bank. It specifies the sender and receiver bank details, confirms the client has a certain sum of cleared funds in their account available without restrictions, and places those funds on administrative hold for one year and one month for the benefit of a recipient account. The MT799 is described as irrevocable, unconditional, transferable and valid until the end of the transaction.

Uploaded by

Adi Hamdani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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VERBIAGE MT799

ACCEPTABLE DRAFT OF MT799 BLOCK FUNDS

SWIFT INPUT: MT 799

SENDER
BANK NAME:
BANK ADDRESS:
BANK TEL/ FAX:
BANK OFFICER NAME:
SWIFT CODE:
ACCOUNT NAME:
ACCOUNT NO:
BANK TEL / FAX:
E-MAIL:

RECEIVER
BANK NAME:
BANK ADDRESS:
SWIFT CODE:
ACCOUNT NUMBER:
ACCOUNT NAME:
BANK OFFICER:
TELEPHONE/FAX:
BANKER’S EMAIL:

WE,----------------------THE BANK, HAVING AN ADDRESS AT----------------, HEREBY CONFIRM


WITH FULL BANK RESPONSIBILITY AND LIABILITY THAT OUR CLIENT-----------------------------
HAS ON DEPOSITS WITH OUR BANK UNDER THEIR SOLE SIGNATURE IN ACCOUNT NUMBER-------
--------- (OR IBAN NUMBER: -----------------), THE SUM OF EURO/ USD XX MILLION (EURO / USD
XXX,000,000.00). THESE FUNDS ARE CLEAN, CLEARED, OF NON-CRIMINAL ORIGIN AND ARE
FREE OFANY LIENS AND ENCUMBRANCES AND ARE AVAILABLE TO THE CLIENT WITHOUT ANY
RESTRICTIONS.

THESE FUNDS ARE CURRENTLY PUT ON ADMINISTRATIVE HOLD FOR THE BENEFIT OF
BENEFICIARY WITH ACCOUNT NUMBER AT YOUR BANK, FOR THE PERIOD OF ONE YEAR AND
ONE MONTH. THIS INSTRUMENT WILL REMAIN VALID UNTILL THE END OF THIS TRANSACTION.

THE BLOCK FUNDS MT799 WHEN ISSUED WILL BE IRREVOCABLE, UNCONDITIONAL AND IS
TRANSFERABLE, ASSIGNABLE, NEGOTIABLE AND DIVISIBLE AND SHALL BE HONORED ON
MATURITY DATE.

THIS INSTRUMENT IS VERIFIABLE AND CONFIRMABLE BY RESPONSIBLE BANK INQUIRY AND IS


SUBJECT TO THE UNIFORM COMMERCIAL CODE AND IS GIVEN FOR AND ON BEHALF OF (NAME
AND ADDRESS OF ISSUING BANK), THE ISSUER.

BANK OFFICER NAME BANK OFFICER


NAME
TITLE TITLE
PIN NO PIN NO

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