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APPROVED SAMPLE SWIFT TEXT VERIB

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					             APPROVED SAMPLE SWIFT TEXT VERIBAGE BCL-MT999 PROOF OF FUNDS (POF)
Proof of Funds
S.W.I.F.T. – WIRE FORMAT MT999
NOTIFICATION:
DELIVERY STATUS:
PRIORITY / DELIVERY:
MESSAGE INPUT REFERENCE:
                      -------------------------------MESSAGE HEADER---------------------------------
SWIFT INPUT: MT999 PROOF OF FUNDS
BUYER/ SENDER:
BANK NAME:
BANK ADDRESS:
SWIFT CODE:
BANK OFFICER:
AMOUNT:
ACCOUNT NAME:
ACCOUNT NUMBER:
RECEIVER: Banking Details for the Seller
Beneficiary Account Co -ordinate
BANK NAME:
BANK ADDRESS:
ACCOUNT NO.:
IBAN NO.:
ACCOUNT SIGNATORY:
ACCOUNT BENEFICIARY:
SWIFT CODE:
BANK OFFICER NAME:
BANK TEL:
BANK FAX:
                    --------------------------------SWIFT MESSAGE TEXT-------------------------------
Seller Code: Seller :
Transaction Code:
Buyer Code : Buyer :
Beneficiary appointed by the seller :
THIS INSTRUMENT IS VALID FOR 20 (TWENTY) DAYS from THE DATE OF TRANSMISSION.
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— USD- MILLION UNITED STATES DOLLARS (USD $xx) IN ACCOUNT
NUMBER ______________ IN FAVOUR OF ( ELMAHROSE GOLD CI) PURCHASE OF 150 KILOGRAMS OF
GOLD DUST, FOR TWENTY (20) BANKING DAYS, AS OF THE DATE OF THIS TRANSMISSION:
THIS INSTRUMENT IS VALID FOR 20 (TWENTY) DAYS from THE DATE OF TRANSMISSION.
WE FURTHER CONFIRM THAT THE FUNDS ON DEPOSIT ARE FREE OF ANY LIENS OR ENCUMBRANCES
AND ARE CLEAN OF NON-CRIMINAL ORIGIN AND ARE AVAILABLE FOR THE TRANSACTION AND THE
ACCOUNT IS IN GOOD STANDING WITH THIS BANK:
Bank Officer Bank Officer
(Name & Title) (Name & Title)
                                                      Bank Seal/Stamp
                      -------------------------------MESSAGE TRAILER-------------------------------
STANDBY LETTER OF CREDIT LANGUAGE:
We, xxxxx Limited on behalf of our client, xxx, and on behalf of – xxxx party xxxxx (buyer)
hereby present our Conditional, non-transferable, non-divisible, Irrevocable standby letter of credit
number xxx/LC/RXXX/10 in your favor for the account of your client, _____________ , holding
Account Number: ________________ (US$), IBAN: _______________________ for an amount of
DOLLAR __________ Million (IN WORDS).
This SBLC is a binding payment commitment by us and we hereby undertake to wire transfer the
said amount to you in favor of your client, upon complete execution of the signed
AGREEMENT/Transaction Code: _______________________ and fulfillment of all the
conditions”:
The conditions in the SBLC are as follows:
1. Seller sends the gold dust (92% pure or better) or Gold Dore Bars (94% Pure or better) to the
buyer’s refinery of choice in DUBAI- 2. Custom clearance will be the seller responsibility but will be
assisted by the buyer. 3. The gold will be transported to Refinery of buyer choice and will be assayed
by the refinery and upon the satisfactory final assay report, buyer pays within 72 hours via T/T or the
MT 103/23 to pay for the product and seller transfer the title. If not paid by T/T or MT103, then this
SBLC will become operative to pay for the product.
4. If the seller intends to obtain funds/loans from any financial institution before the delivery of the
product to the buyer destination, against this non-operative SBLC, then the seller has to issue 2%
performance bond in favor of the sender to do so.
This Conditional, Irrevocable, non-divisible, non-transferable SBLC via fax/email/Swift bank to
bank is valid for _Thirty Days from the _____the day of ___________, 2010 and until the
__________th day of ______________ 2010 (VALID FOR 20 DAYS).
Except when the amount of this letter of credit is increased, this letter of credit cannot be modified or
revoked without beneficiary consent.
"Funds under this Letter of Credit are available against presentation to us of the first demand
for payment after all conditions as above are satisfied and confirmed by the applicant by way
of an authenticated SWIFT issued by issuing bank and sent through advising bank to the
beneficiary bank". Copy of applicant’s confirmation to accompany documents for claim.
All banking charges are for the account of the applicant.
This Stand-by Letter of Credit is subject to the uniform customs and practice from International
Chamber of Commerce Publication no. 590 and jurisdiction of xxx Laws..
STANDBY LETTER OF CREDIT LANGUAGE:
We, xxxxx Limited on behalf of our client, xxx, and on behalf of – xxxx party xxxxx (buyer)
hereby present our Conditional, non-transferable, non-divisible, Irrevocable standby letter of credit
number xxx/LC/RXXX/10 in your favor for the account of your client, _____________ , holding
Account Number: ________________ (US$), IBAN: _______________________ for an amount of
DOLLAR __________ Million (IN WORDS).
This SBLC is a binding payment commitment by us and we hereby undertake to wire transfer the
said amount to you in favor of your client, upon complete execution of the signed
AGREEMENT/Transaction Code: _______________________ and fulfillment of all the
conditions”:
The conditions in the SBLC are as follows:
1. Seller sends the gold dust (92% pure or better) or Gold Dore Bars (94% Pure or better) to the
buyer’s refinery of choice in DUBAI- 2. Custom clearance will be the seller responsibility but will be
assisted by the buyer. 3. The gold will be transported to Refinery of buyer choice and will be assayed
by the refinery and upon the satisfactory final assay report, buyer pays within 72 hours via T/T or the
MT 103/23 to pay for the product and seller transfer the title. If not paid by T/T or MT103, then this
SBLC will become operative to pay for the product.
4. If the seller intends to obtain funds/loans from any financial institution before the delivery of the
product to the buyer destination, against this non-operative SBLC, then the seller has to issue 2%
performance bond in favor of the sender to do so.
This Conditional, Irrevocable, non-divisible, non-transferable SBLC via fax/email/Swift bank to
bank is valid for _Thirty Days from the _____the day of ___________, 2010 and until the
__________th day of ______________ 2010 (VALID FOR 20 DAYS).
Except when the amount of this letter of credit is increased, this letter of credit cannot be modified or
revoked without beneficiary consent.
"Funds under this Letter of Credit are available against presentation to us of the first demand
for payment after all conditions as above are satisfied and confirmed by the applicant by way
of an authenticated SWIFT issued by issuing bank and sent through advising bank to the
beneficiary bank". Copy of applicant’s confirmation to accompany documents for claim.
All banking charges are for the account of the applicant.
This Stand-by Letter of Credit is subject to the uniform customs and practice from International
Chamber of Commerce Publication no. 590 and jurisdiction of xxx Laws..

				
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posted:10/4/2010
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