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Sample Agreement MT103 ONE WAY C-2
Sample Agreement MT103 ONE WAY C-2
WAYCONTRACT NO:100B/4351XZ/2017
DATE: January THE 1ST, 2017
ountTHIS CORPORATE AGREEMENT FOR FINANCIAL INSTRUMENTS VIA SWIFT MT103 (FURTHER
DESIGNATED AS THE AGREEMENT) ARE ENTERED ON THIS January THE 1ST 2017 BY AND
BETWEEN:
PARTY A:
HEREINAFTER REFERRED TO AS SENDER:
COMPANY NAME XXXXXX TRADE CO. LTD.
ADDRESS
REPRESENTED BY
PASSPORT NO.
COUNTRY OF ISSUE
DATE OF ISSUE 10/02/2012
DATE OF EXPIRY 09/02/2022
AND
PARTY B:
HEREINAFTER REFERRED TO AS RECEIVER:
COMPANY NAME
ADDRESS
REPRESENTED BY
PASSPORT NO.
COUNTRY OF ISSUE
DATE OF ISSUE
DATE OF EXPIRY
NAME OF BANK
BANK ADDRESS
ACCOUNT NUMBER:
SWIFT CODE:
BANK TEL
WHEREAS: THE PARTIES UNDERSTAND THAT ISSUING BANK WILL NOT SEND CASH FUNDS
TO RECEIVER’S BANK ACCOUNT. THE FINANCIAL INSTRUMENT VIA SWIFT MT103 SENT
THROUGH SWIFT BRUSSELS (FURTHER DESIGNATED AS THE INSTRUMENT) IS ONLY FOR
CREDIT ENHANCEMENT. THE SWIFT MT103 WILL APPEAR ON INTER-BANKING SCREEN AND
THERE WILL BE NO VERIFICATIONS COMMUNICATION WITH ISSUING BANK AND NO 202
TO FOLLOW.
WHEREAS: THE RECEIVER DESIRES TO RECEIVE AN INSTRUMENT VIA SWIFT MT103 FROM
ISSUING BANK. THE RECEIVER CONFIRMS WITH FULL CORPORATE AND LEGAL
RESPONSIBILITY TO ACCEPT THE INSTRUMENT. THE RECEIVER MUST HAVE A CREDIT
LINE READY AGAINST WHICH RECEIVER WILL USE THE INSTRUMENT TO PAY FOR THIS
TRANSACTION.
PROCEDURES:
1. RECEIVER SIGN THIS MOU AND RETURN TO THE PROVIDER WITHIN 48HRS UPON
RECEIPT.
2. UPON THE RECEIPT OF THE SIGNED CONTRACT FROM THE RECEIVER, THE PROVIDER
VERIFIES, COUNTERSIGN, CONVERT TO PDF AND RETURN TO THE RECEIVER.
3. THE PROVIDER WILL INSTRUCT HIS ISSUING BANK OFFICER TO SEND THE
FINANCIAL INSTRUMENT OF THE FIRST NOMINAL OF€,49,500,000.00 (MILLION EUROS)
VIA SWIFT MT103 ONE WAY TO THE RECEIVER’S BANK ACCOUNT;
4. THE RECEIVER SHALL CAUSE HIS BANK TO ARRANGE FULL PAYMENT OF 8% IN THE
SUM OF €,3,960,000.00 ( MILLION EUROS) AS PER PROVIDER & CONSULTANCY FEES
OF (5%) IN THE SUM OF €,2,475,000.00 ( MILLION EUROS) AS PER IFPA WITHIN
THREE (3) BANKING DAYS UPON RECEIPT, OF INSTRUMENT’S SWIFT MT103 ON
INTERBANK SCREEN. NO CONFIRMATION FROM SENDING BANK IS REQUIRED.
5. THE PARTIES SHALL SEND COPIES OF BANK SWIFT MESSAGES VIA E-MAIL WITHIN
(24) HOURS OF EACH SWIFT/SENT MESSAGES/TEXT FROM BOTH BANKS.
PROVIDER
__________________
XXXX CO. LTD.
NAME: XXX
TITLE DIRECTOR
PASSPORT NO. XXXXX
C OUNTRY : xxx
ISSUE DATE : 10/02/2012
EXPIRY DATE: 09/02/2022
RECEIVER:
_________________
PROVIDER’S PASSPORT
RECEIVER’S PASSPORT:
Signature:
Date: 01/01/17
SIGNED FOR AND ON BEHALF OF PARTY B
SIGNED FOR AND ON BEHALF OF THE RECEIVER:
Company name:
Represented by:
Title:
Passport #:
Place of Issue:
Issue date:
Expiry date:
TO / PROVIDER:
Bank Name :
Bank Officer:
Phone Number:
Fax Number:
S.W.I.F.T.:
Account Number:
Account Holder
BY THE ORDER OF:
TRANSACTION CODE:
PROVIDER RECEIVER:
__________________ _________________