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MT799 Blocked Funds Verbiage

This document is a sample MT799 SWIFT message text format for proof of blocked funds. It confirms that a bank is holding a specified amount of USD funds in an account on behalf of a client. The funds are blocked and not permitted to be withdrawn, moved, transferred, called or pledged to any other entity for one year. It also confirms the funds are good, clean, cleared, and unencumbered for investment purposes. The SWIFT message is verifiable by the responsible bank and is irrevocable, negotiable, transferable and divisible according to international banking standards and practices.

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Fonan KONE
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6K views2 pages

MT799 Blocked Funds Verbiage

This document is a sample MT799 SWIFT message text format for proof of blocked funds. It confirms that a bank is holding a specified amount of USD funds in an account on behalf of a client. The funds are blocked and not permitted to be withdrawn, moved, transferred, called or pledged to any other entity for one year. It also confirms the funds are good, clean, cleared, and unencumbered for investment purposes. The SWIFT message is verifiable by the responsible bank and is irrevocable, negotiable, transferable and divisible according to international banking standards and practices.

Uploaded by

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

BANK ACCEPTED VERBIAGE TEXT FORMAT


MT799 PROOF OF BLOCKED FUNDS

SWIFT INPUT: MT799 BLOCKED FUNDS


SENDER:
BANK NAME:
BANK ADDRESS:
SWIFT CODE:
ACCOUNT NAME:
ACCOUNT NO.:
BANK OFFICER
AMOUNT:USD$XXXXXXXXXXXXXX

57: RECEIVER BANK

Name of Bank :
Bank address :
Bank Account Name:
Company Address:
Bank Account No (EUR):
Bank Swift Code : YAPITRISXXX
Tax Administration:
Tax Identification Number:
Bank Officer Name & Title:
ACCOUNT MANAGER Bank Officer tel No.:
Bank Officer e-mail: 

------------------------------------- SWIFT MESSAGE TEXT ----------------------------------------

WE, XXXXXXXXXXXXXXXX ADDRESS AT xxxxxxxxxxxxxxxxxxxxxx , REPRESENTED BY THE


UNDERSIGNED BANK OFFICERS, XXXXXXXXXX HEREBY CONFIRM WITH FULL BANK
RESPONSIBILITY THAT OUR INSTITUTION IS HOLDING THE AMOUNT OF USD $ ( UNITED STATES
DOLLARS) IN CASH FUNDS IN ACCOUNT NUMBER_______________, ON BEHALF OF OUR CLIENT
________________________________________, AND THIS INSTRUMENT IS ISSUED IN FAVOR AND
CONFIDENTIAL

FOR BENEFIT OF THE BENEFICIARY _________________________________________________


WITH ACCOUNT NUMBER XXXXXXXXXXXXXXXXXXXX

WE DO HERBY CONFIRM WITH FULL BANK RESPONSIBILITY AND LIABILITY THAT WE HAVE FULL
CUSTODY OVER SAID FUNDS AND THESE FUNDS ARE NOT PERMITTED TO BE, WITHDRAWN,
MOVED, TRANSFERRED, CALLED OR PLEDGED TO ANY OTHER ENTITY DURING THE PERIOD OF
ONE YEAR (365 DAYS) AND THE SAID FUNDS ARE BLOCKED IN FAVOR OF
_____________________________WITH ACCOUNT NUMBER XXXXXXXXXXXXXX AND NO OTHER
ENTITY BY VIRTUE.

THIS INSTRUMENT, WE DO HEREBY IRREVOCABLY CONFIRM THAT THE FUNDS ARE GOOD,
CLEAN, CLEARED, UNENCUMBERED FUNDS OF NON- CRIMINAL ORIGIN AND FREELY AVAILABLE
FOR INVESTMENT.

THIS SWIFT MT799 IS AN OPERATIVE INSTRUMENT AND IS VERIFIABLE BY RESPONSIBLE BANK


INQUIRY VIA SWIFT, AND IS FULLY CONFIRMABLE, IRREVOCABLE, NEGOTIABLE, ASSIGNABLE,
TRANSFERABLE AND DIVISIBLE IN ACCORDANCE WITH THE UNIFORM CUSTOMS AND PRACTICE
FOR SUCH CREDIT INSTRUMENT AS PUBLISHED BY THE I.C.C PUBLICATION, PARIS, FRANCE
(LATEST REVISION)
THIS INSTRUMENT SHALL EXPIRE ON ( _______)

FOR AND ON BEHALF OF _________


(FULL NAME AND ADDRESS OF ISSUING BANK)

OFFICER (1) BANK OFFICER (2)


NAME: NAME:
TITLE: TITLE:
CONFIDENTIAL

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