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Bpu Bank-Payment-Undertake-Bpu

This document is a bank payment undertaking (BPU) from one bank to another. It confirms that the issuing bank is prepared to undertake receiving a cash-backed bank guarantee via SWIFT and then transferring a principal amount, within 5 days, to a specified account after authenticating the bank guarantee. The bank also confirms that the principal funds being transferred are good, clean, and cleared. The BPU is signed by two bank officers on behalf of the issuing bank.

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765 views1 page

Bpu Bank-Payment-Undertake-Bpu

This document is a bank payment undertaking (BPU) from one bank to another. It confirms that the issuing bank is prepared to undertake receiving a cash-backed bank guarantee via SWIFT and then transferring a principal amount, within 5 days, to a specified account after authenticating the bank guarantee. The bank also confirms that the principal funds being transferred are good, clean, and cleared. The BPU is signed by two bank officers on behalf of the issuing bank.

Uploaded by

Chintala ch
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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BPU (BANK PAYMENT UNDERTAKE)

(Text may vary in substance but the essential undertaking must be maintained)

FROM
BANK NAME:
ADDRESS:
BANK TEL:
BANK FAX:
BENK OFFICER NAME:
SWIFT CODE:
ACCOUNT NAME:
ACCOUNT NO:

TO
BANK NAME:
BANK ADDRESS:
BANK TEL:
BANK FAX:
BENK OFFICER NAME:
SWIFT CODE: ACCOUNT
NAME: ACCOUNT NO:

TRANSACTION CODE:
BG NO:
CURRENCY:
AMOUNT:
ISSUING DATE:
MATURITY DATE:

AT THE REQUEST OF OUR CLIENT: <RECIEVERS NAME> FOR THE BENEFIT OF: <SENDERS NAME>, WE,
<BANK NAME>, HEREBY IRREVOCABLY CONFIRM THAT WE ARE PREPARED TO UNDERTAKE THE FOLLOWING:

1. TO RECEIVE, VIA SWIFT MT760 INTO OUR CLIENT’S ACCOUNT, <RECEIVERS ACCOUNT>CASH-BACKED, ASSIGNABLE,
TRANSFERABLE, DIVISIBLE AND UNCONDITIONAL BANK GUARANTEE (“USD X00M”); AND,

2. TO SWIFT TRANSFER A PRINCIPAL AMOUNT <(XX% OF VALUE OF BG AMOUNT) X00 MILLION USDS> WITHIN FIVE (5) DAYS
TO THE BELOW-LISTED ACCOUNT AFTER SUCCESSFULLY RECEIVING AND AUTHENTICATING THE (“USD X00M”); BANK
GUARANTEE /DELIVERED VIA SWIFT MT760 TO OUR CLIENT’S ABOVE ACCOUNT.

BANK NAME:
ACCOUNT NUMBER:
ACCOUNT NAME:
SWIFT CODE:

WE, HEREBY CONFIRM THAT THE (XX% OF VALUE OF BG AMOUNT) USD X00 MILLION ARE GOOD, CLEAN AND CLEARED FUNDS
DERIVED FROM A LEGAL SOURCE.

FOR AND ON BEHALF OF:

ISSUING BANK

ISSUING BANK ADDRESS

BANK OFFICER 1 BANK OFFICER 2


TITLE (PIN) TITLE (PIN)

- Strictly Confidential -
© Copyright 2012 - The Hanson Group of Companies | All Rights Reserved.

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