THERE IS A CLAUSE IN LOI OF NO UPFRONT FEE ICBPO PROCEDURE AS FOLLOWS.

IN THIS WAY LESSEE CAN GET BANK TO BANK CONFIRMATION ABOUT ISSUANCE OF  MT799 PRE-ADVICE AS PER THE FOLLOWING CLAUSE IN THE LOI, WICH YOU CAN DOWNLOAD HERE.

(B) IN CASE LESSEE WANTS BANK TO BANK CONFIRMATION ABOUT ISSUANCE OF MT799 PRE-ADVICE, HIS BANK CAN SEND MT199 TO PROVIDER BANK FOR SUCH CONFIRMATION. PROVIDER BANK WILL REPLY BY MT199 THAT IF MT799 BLOCKFUNDS OR ICBPO IS RECEIVED FROM LESSEE BANK, MT799 PRE-ADVICE WILL BE SENT IN REPLY TO ICBPO OR BLOCKFUNDS MT799.

 

() BANK TO BANK CONFIRMATION PROCEDURE.docx () BANK TO BANK CONFIRMATION PROCEDURE.docx
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