MT-103 FORMAT FIELD23 and MT 799
The authorities decided already at the
end 2002 that within the year 2003 the Swift MT 799
should not be used anymore and should be replaced by the specified formats
like MT 103/23 or MT
543.· The reason is that the MT 799 is a free text message of the
Swift 700 series and with slightly changing of different words some
restrictions, like free transferability for example could have been circumvented. Furthermore
the authorities want, that banks and their branches participating in this
business must assure that the bank officers and the Swift departments are
It is of course the situation that a Free Text Message can be written by everybody, while issuing and sending a MT 103/23 or MT 543 requires a special and expensive training at the Swift academy for every bank officer. This way the participating banks/branches are controlled stronger and only highly qualified bankers can make the executions circumventing corruption inside the banks.
CONDITIONAL SWIFT VERBIAGE
Bank Officer :
WE, , HEREBY PRESENT OUR IRREVOCABLE, ASSIGNABLE, TRANSFERABLE AND CALLABLE CASH BACKED S.W.I.F.T. WIRE TRANSFER MT 103/FIELD 23 CONDITIONAL IN YOUR FAVOR FOR THE ACCOUNT OF IN THE AMOUNT OF US$ ( UNITED STATES DOLLARS) FOR THE PURCHASE OF THE BANK INSTRUMENTS HEREIN DESCRIBED BY VERIFICATION OF REGISTRATION CUSIP NUMBERS CORRESPONDING WITH THE ISSUED CALLABLE CUSTODIAL SAFEKEEPING RECEIPTS WITH PHYSICAL DELIVERY TO BE MADE THEREAFTER. THIS S.W.I.F.T. IS CONDITIONAL UPON OUR ACCEPTING THE CERTIFIED BANK INVOICE.
WE HEREBY CONFIRM THAT THE FUNDS ARE GOOD, CLEAN AND CLEARED FUNDS OF NON-CRIMINAL ORIGIN AND ARE FROM A LEGAL SOURCE.
THIS IRREVOCABLE S.W.I.F.T. IS A BINDING FULLY PERFORMED DUE BILL AND IS IMMEDIATELY CALLABLE ON US FOR CASH PAYMENT AGAINST THE BANK CERTIFIED INVOICE CONDITIONAL UPON OUR ACCEPTANCE FOR THE PURCHASE AND DELIVERY OF THE BANK INSTRUMENTS SPECIFIED BELOW:
THIS CONDITIONAL, IRREVOCABLE, DIVISIBLE, ASSIGNABLE, TRANSFERABLE AND CALLABLE S.W.I.F.T. WIRE TRANSFER IS VALID FOR TEN (10) BANKING DAYS FROM ____ DAY OF ________ 2004 AND UNTIL THE ____ DAY OF _______ 2004 1700HRS CENTRAL EUROPEAN TIME.
THIS IS AN OPERATIVE BANK INSTRUMENT AND IS SUBJECT TO
THE UNIFORM COMMERCIAL CODE AS IT RELATES TO BANK CREDIT INSTRUMENTS.
(TO BE PROPERLY ISSUED, BANK TO BANK, VIA SWIFT)
WE,THE HONG KONG AND SHANGHAI BANKING CORPORATION ,1 QUEEN'S ROAD CENTRAL, HONG KONG
（内部文献、只供会员参考用）Copyright@2004 Wall Street Offshore Funds Inc., NY