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:
INSTRUMENTS: BANK GUARANTEE
CURRENCY: EURROPEAN COMMUNITY CURRENCY
TERM: ONE (1) YEAR AND ONE (1) DAY
INTEREST: 0% (ZERO COUPON )
ISSUING BANKS: (NAME OF BANKS), WITH NORMAL EXCLUSIONS,
DENOMINATION: EURO
EUROPEAN COMMUNITY CURRENCY
THIS IS CONDITIONAL, IRREVOCABLE, DIVISIBLE, ASSIGNABLE, TRANSFERABLE AND CALLABLE S.W.I.F.T. WIRE TRANSFER IS VALID FOR FIFTEEN DAYS FROM ____ DAY OF XXXX, 2016 AND UNTIL ____ DAY OF XXXX, 2016 1700 CENTRAL EUROPEAN TIME.
THIS IS AN OPERATIVE BANK INSTRUMENT AND IS SUBJECT TO THE UNIFORM COMMERCIAL CODE AS IT RELATES TO BANK GUARANTEE.