WE, [XXXXXXXXXXXXX], HEREBY PRESENT OUR IRREVOCABLE, UNCONDITIONAL IN YOUR FAVOR FOR THE ACCOUNT OF [ ’S ACCOUNT] IN THE AMOUNT OF EURO XX%+2% OF TRANSACTION (EUROPEAN COMMUNITY CURRENCY) 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. PAYMENT OF FUNDS SHALL BE BY EITHER SWIFT OR WIRE TRANSFER TO THE DESIGNATED BANKING COORDINATES.
WE HEREBY CONFIRM THAT THE FUNDS ARE GOOD, CLEAN, AND CLEAR FUNDS OF NON-CRIMINAL ORIGIN AND ARE FROM A LEGAL SOURCE.
THIS IRREVOCABLE SWIFT 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: