MT-103 FORMAT

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 properly trained.

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
S.W.I.F.T. FORMAT MT 103/FIELD 23

TO :
Bank Officer :
Phone Number :
Fax Number :
S.W.I.F.T. :
Account Number :
Account Holder :
FROM :

Bank Officer :
Phone Number :
Fax Number :
S.W.I.F.T. :
Account Number :
Account Holder :
BY THE ORDER OF :
TRANSACTION CODE :
BUYER’S CODE :
SELLER’S CODE :

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:

INSTRUMENTS :
CURRENCY :
UNITED STATES OF AMERICA DOLLARS
TERM : ( ) YEAR(S) AND ONE (1)DAY INTEREST : % ( PERCENT)
COUPON ISSUING BANKS : FROM TOP TWENTY-FIVE (25) WESTERN EUROPEAN
BANKS RATED “AA” OR BETTER WITH NORMAL EXCLUSIONS
DENOMINATIONS : $10, $25, $50 AND $100 MILLION UNITED STATES DOLLARS

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. ___________________________ ______________________________
BANK OFFICER
BANK OFFICER
NAME NAME TITLE TITLE

MT 799

(TO BE PROPERLY ISSUED, BANK TO BANK, VIA SWIFT)

FROM
BANK NAME : HONG KONG AND SHANGHAI BANKING CORPORATION
BANK ADDRESS : 1 QUEEN'S ROAD CENTRAL, HONG KONG
CLIENT’S ACCOUNT NAME : AAA aaa XXX
CLIENT’S ACCOUNT NUMBER : 001-551XXX63F
SWIFT CODE : HSBCHKHH

TO
BANK NAME : CITIBANK SINGAPORE
BANK ADDRESS : ONE RAFFLES LINK BUILD #01-01
1 RAFFLES LINK SINGAPORE 039393
CLIENT’S ACCOUNT NAME : ESCROW ATTORNEY
CLIENT’S ACCOUNT NUMBER : xxxxxxxXXXXXxx
SWIFT CODE : CITISG SG CS35184x
REFERENCE TRANSACTION CODE : SLC1/usd50m/17-kd
SAME DAY value

QUOTE

WE,THE HONG KONG AND SHANGHAI BANKING CORPORATION ,1 QUEEN'S ROAD CENTRAL, HONG KONG ,WE HEREBY
PRESENT OUR IRREVOCABLE, DIVISIBLE, ASSIGNABLE, TRANSFERABLE AND CALLABLE
CASH-BACKED STANDING SWIFT WIRE TRANSFER IN YOUR FAVOR FOR THE ACCOUNT
OF (NAME OF ESCROW ATTORNEY) TRUST ACCOUNT, ACCOUNT NUMBER xxxxxxxXXXXXxx,?
ON BEHALF OF (AAA aaa XXX), ACCOUNT NUMBER 001-551XXX63F, IN THE AMOUNT OF USD 5,000,000.00
(UNITED STATES DOLLARS FIVE MILLION ONLY )AGAINST THE SUPPLY, AUTHENTICATION AND VERIFICATION
OF BANK INSTRUMENT IN THE FORM OF STANDBY LETTER OF CREDIT,?
IN THE AMOUNT OF USD 5,000,000.00?UNITED STATES DOLLARS FIVE MILLION ONLY), ISSUED BY
DEUTSCHE BANK (NEW YORK) OR BANK OF AMERICA (NEW YORK) AS DESCRIBED IN THE MEMORANDUM
OF UNDERSTANDING, BEARING TRANSACTION CODE JDFJ55GH45V78G, SIGNED BYccc AAA Bbb AND
AS DESCRIBED IN THE ESCROW AGREEMENT, BEARING TRANSACTION CODE SLC1/usd50m/17-kd , SIGNED
BY ooOOkkKK , GGggEEee AND YOUR CLIENT.

WE HEREBY CONFIRM THAT THE FUNDS ARE GOOD, CLEAN AND CLEARED FUNDS OF NON-CRIMINAL
ORIGIN AND FROM A LEGAL SOURCE. THIS IS AN OPERATING BANK INSTRUMENT AND IS SUBJECT TO
THE UNIFORM COMMERCIAL CODE AS IT RELATES TO BANK CREDIT INSTRUMENTS.

UNQUOTE