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    MT799 Blocked Funds Verbiage

    Uploaded by

    Fonan KONE
    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 The funds are blocked and not permitted to be withdrawn, moved, transferred, called or pledged to any other entity for one year.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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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    MT799 Blocked Funds Verbiage

    Uploaded by

    Fonan KONE
    892 views2 pages
    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 The funds are blocked and not permitted to be withdrawn, moved, transferred, called or pledged to any other entity for one year.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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    Original Title

    MT799 BLOCKED FUNDS VERBIAGE

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    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 The funds are blocked and not permitted to be withdrawn, moved, transferred, called or pledged to any other entity for one year.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.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    892 views2 pages

    MT799 Blocked Funds Verbiage

    Uploaded by

    Fonan KONE
    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.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    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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