TO: PROVIDER STANDBY LETTER OF CREDIT
READY WILLING AND ABLE LETTER (RWA)
WE, ------ BANK NAME & ADDRES ---------, HEREBY CONFIRM, WITH FULL BANK RESPONSIBILITY AND AUTHORITY AND LEGAL BANKING RESPONSIBILITY, THAT OUR REPUTABLE CLIENT ----- ACCOUNT HOLDER NAME & ADDRESS ------- HAVING ACCOUNT NUMBER ------------. MAINTAINS A CORPORATE ACCOUNT WITH OUR BANK.
AS PER OUR CLIENT INSTRUCTIONS, WE ARE READY WILLING AND ABLE TO ACCEPT SWIFT MT-799 STANDBY LETTER OF CREDIT FROM PROVIDER’S ISSUING BANK AFTER VERIFY AUTHENTICATE WILL RESPOND BACK MT799 PAYMENT UNDERTAKING CONFIRMATION AFTER RECEIVE SBLC VIA SWIFT MT-760 HAVING TOTAL VALUE UP TO EUR XXXXX MILLION AS FIRST TRANCHE WITH MULTIPLE TRANCHES.
WE FURTHER CONFIRM THAT OUR CLIENT XXXXXX IS MAINTAINING THE ACTIVE CREDIT LINE/FUNDS OF EURO XXXXX.
THIS RWA HAS BEEN ISSUED WITH FULL BANK RESPONSIBILITY AND CAN BE CONFIRM ON THE BANK TO BANK BASIS
OUR COMMUNICATION DETAILS:
BANK NAME XXXXXXXXXXXXXXXXXXX
BANK ADDRESS XXXXXXXXXXXXXXXXXXX
BANK OFFICER
TELEPHONE NUMBER +XXX (XX) XXXXXXX, EXTENSION NO. XX (BANK OFFICER 1 NAME)
+XXX (XX) XXXXXXX, EXTENSION NO. XX (BANK OFFICER 2 NAME)
BANK FAX NUMBER
+XXX (XX) XXXXXXX