SWIFT MT760 MESSAGE BLOCKED FUNDS FORMAT
——————————————— Message Header————————————————
Swift Output : MT760 MESSAGE IN FORMAT GUARANTEE
Sender : [SENDING BANK]
: [SENDING BANK ADDRESS]
: [SENDING BANK SWIFT CODE]
Our Client : [CLIENT NAME]
Client Account No : [CLIENT ACCOUNT NUMBER}
Receiver : [RECEIVING BANK]
: [RECEIVING BANK ADDRESS]
SWIFT CODE : [RECEIVING BANK SWIFT CODE]
Account Number : [BENEFICIARY ACCOUNT NUMBER]
Account Holder : [BENEFICIARY NAME]
Beneficiary : [BENEFICIARY NAME]
20: Transaction Reference [REF NUMBER]
25: Account Identification:
30: Date [DATE OF ISSUE
77: Details:
WE, [ISSUING BANK] OF [ISSUING BANK ADDRESS] WITH FULL BANKING RESPONSIBILITY AND LIABILITY HEREBY CONFIRM THAT WE IRREVOCABLY BLOCKED ON THE ABOVE MENTIONED ACCOUNT ON BEHALF OF OUR CLIENT [NAME OF CLIENT] CASH RESERVES OF [………..MILLION EURO (…………..€)]. WE CONFIRM AS PER THE INSTRUCTIONS OF OUR CLIENT THAT WE HAVE IRREVOCABLY BLOCKED, RESERVED AND ASSIGNED THE AFOREMENTIONED CASH FUNDS FOR A PERIOD OF ONE YEAR AND ONE MONTH FROM THE DATE OF ISSUE OF THIS INSTRUMENT, IN FAVOR OF YOUR ACCOUNT HOLDER [BENEFICIARY NAME], ACCOUNT NUMBER [BENEFICIARY ACCOUNT NUMBER]HELD AT YOUR BANK.
WE FURTHER CONFIRM THAT THESE FUNDS ARE CLEAR CLEAN FREE OF ANY LEVY, LIENS OR ENCUMBRANCES AND THE RULE OF FULL DISCLOSURE HAS BEEN ESTABLISHED THAT THESE ASSETS WERE LEGALY OBTAINED FROM NONCRIMINAL BUSINESS ACTIVITIES.
WE CONFIRM THAT THESE FUNDS ARE HELD IN CUSTODY, FULLY PROTECTED AND NOT SUBJECT OF LOSS OR DEPLETION OF ANY TYPE AND KIND, ARE NOT PERMITED TO BE WITHDRAWN, MOVED OR TRANSFERRED DURING THE PERIOD OF THE VALIDITY OF THIS IRREVOCABLE BLOCKED FUNDS CONFIRMATION.
THIS OPERATIVE INSTRUMENT, ISSUED IN COMPLIANCE WITH PROPER PROCEDURES OF MT760, IS ASSIGNABLE, TRANSFERABLE, DIVISIBLE, NEGOTIABLE AND MAY BE CONFIRMED ON A BANK TO BANK BASIS.