SWIFT Formats for money transfers using a cover payment mode.

The buyer’s bank will have to send 2 SWIFT messages.

- Message 1 (MT 103) to BOK directly to effect payment.

- Message 2 (MT 202) to their intermediary bank (nostro A/C held correspondent) to
credit the account of BOK held with BOK’s intermediary.

In the enclosed SWIFT formats, we have taken an example of a USD payment by the
following:

Buyer: ABC Ltd., 45 Johannesburg, South Africa

Buyer’s Bank: HSBC, Johannesburg, South Africa

Intermediary (HSBC): American Express Bank Ltd., New York

Seller: XYZ Ltd., Thamel, Kathmandu, Nepal

Seller’s Bank: BOK, Bank of Kathmandu Ltd.

Intermediary (BOK): American Express Bank Ltd., New York

SWIFT Message type - FIN MT 103 / 999

(The Buyer’s Bank may send a MT 999 with instructions to treat the message as a MT 103
if they do not have SWIFT BKE relationship with us)

SENDER: HSBCZAJJ
HSBC, JOHANNESBURG, SOUTH AFRICA
RECEIVER: BOKLNPKA
BANK OF KATHMANDU LTD.

PLEASE TREAT THIS MESSAGE AS A MT 103

:20: Sender’s Reference

123xxx
:23B Bank Operation Code
CRED
:32A Value date, currency, amount
070320USD10000,00
:33B Instructed Amount
USD10000,00
:50K Ordering Customer
/00112086
ABC LTD.
45 JOHANNESBURG, SOUTH AFRICA
:53A: Sender’s Correspondent
AEIBUSS33
AMERICAN EXPRESS BANK LTD, NY
:54A: Receiver’s Correspondent
AEIBUSS33
AMERICAN EXPRESS BANK LTD, NY
:57A: Account with Institution
BOKLNPKA
BANK OF KATHMANDU LTD.
NEPAL
:59: Beneficiary
/01010000XXXXNPR
XYZ LTD.
THAMEL, KATHMANDU, NEPAL
:70: Originator to Beneficiary Info
PAYMENT OF INV NO.123XXX DT MAR 20, 07
:71A: Charges
OUR
:72: Bank to Bank Information
/INFO/FOR COVER WE HAVE CREDITED YR AC WITH
//AEIBUSS33, AMERICAN EXPRESS BANK, NY VALUE
//DATED MARCH 20, 2007
SWIFT Message type - FIN MT 202

SENDER: HSBCZAJJ
HSBC, JOHANNESBURG, SOUTH AFRICA
RECEIVER: AEIBUSS33
AMERICAN EXPRESS BANK LTD.
NEW YORK

:20: Transaction Reference Number

123xxx
:21: Related Reference
Non
:32A Value date,currency,amount
070209USD10000,00
:52A Ordering Institution – BIC
HSBCZAJJ
HSBC, JOHANNESBURG
SOUTH AFRICA
:57A Account with Institution – BIC
AEIBUSS33
AMERICAN EXPRESS BANK LTD.
NEW YORK
:58A: Beneficiary Institution – NM&ADDR
BOKLNPKA
BANK OF KATHMANDU LTD.
NEPAL
:72: Sender to Receiver Information
/INFO/ COVER PAYMENT FOR
//INVOICE NO. 123XXX DT MAR 20, 07