Letter of Indemnity - Bank Instructions via Facsimile, Telex and E-banking - Agreement Terms

Sep 15, 2026

Uploaded by Eliana

Letter of indemnity governing how Warwyck Private Bank Ltd will act on customer instructions sent without an original signature, including facsimile, telex, internet/e-banking, or e-mail. The agreement authorizes the bank to process messages without further verification, treats bank records as conclusive, and allows the bank to decline or delay action for specified reasons. It allocates risks for investments, limits bank liability for processing disruptions, describes recall attempts for wire payments, and requires the customer to indemnify the bank for related losses, fees, taxes, and expenses, with termination conditions.

LanguageEnglish

CategoryLetters

FormatPDF

Pages3

Reading Time1 min

AccessFree to download

Letter of Indemnity

Authorization and legal effect of messages

Bank discretion to decline or delay

Documentation, timelines, and customer agreement

Investment risk and limitation of liability

Fees, indemnity, and termination terms

Letter of Indemnity Facsimile and E-mail transmissions and instructions through E-banking Warwyck Private Bank Ltd (the "Bank") is hereby requested by the “Customer” to act on instructions received either by facsimile transmission or telex (a “message” or “messages”) not bearing an original signature, internet, e-banking and or e-mails in relation to his / their account(s) and without requiring any prerequisite written confirmation prior to acting thereon. In consideration thereof, the Customer agrees with the Bank as follows: 1. The Customer authorises and instructs the Bank to act on any message received either by facsimile transmission or telex (a “message” or “messages”) not bearing an original signature, internet, e-banking and or e-mails, without the need for further verification. The Customer agrees that use of this service will bind the Customer legally and make the Customer responsible to the same extent and effect as if the Customer had given original signed written instructions to the Bank. The Customer acknowledges that any message the Bank acts upon will be conclusively deemed to be valid instructions, whether or not authorized by the Customer or whether or not accurately communicated and received. The Bank’s records will be conclusive evidence of the message. 2. The Bank may decline or delay acting on any message for any reason, for example if the instructions in any message are incomplete, ambiguous or cannot be carried out due to insufficient funds or otherwise, or the lawfulness of any instruction given in any message or for any cause or reason not specified herein. 3. In most cases, the Bank will send the Customer all relevant documentation, including any terms and conditions, relating to the type of transaction requested. The Bank will assume that the Customer has received this information and that the Customer is in agreement with the contents thereof unless the Customer advises the Bank within 10 days of the date of the message that the Customer is not in agreement. 4. The Customer understands that any investments purchased or reinvested in the Customer’s name(s), is made entirely at the Customer’s risks and perils without the Bank being in any way liable for any cause whatsoever. wa r w yck pr i vat e b a n k Lt d Warwyck House , Nalletamby Rd , Phoenix 73538 , Mauritius t + 230 698 2700 . f + [230 698 2777 .contact@warwyck.com](230 698 2777 .contact@warwyck.com) [www.warwyck.com](www.warwyck.com) RESTRICTED 5. The Bank is not responsible for any delay, failure of performance, damage, penalty, cost, expense or inconvenience resulting to the Customer or any other person from causes beyond the Bank’s control. The Bank, its correspondents and other financial institutions involved in processing remittances may rely on any account or identification numbers provided by the Customer and will not seek to confirm whether the number specified corresponds with the name of the beneficiary or the beneficiary’s bank provided in the payment order. The payee may be required to provide identification to the satisfaction of the paying bank. Neither the Bank nor its correspondent shall be held liable for any loss, damage or prejudice. The Customer may suffer in any transaction made on the authority of a message sent on the Customer’s behalf. Payment instructions executed by the Bank are irrevocable. Under certain circumstances to be exclusively determined by the Bank and without it being in any way liable however for any refusal, the Bank will, on a best effort basis, attempt to recall a wire payment upon the Customer’s instructions. However, the Bank cannot guarantee return of funds to the Customer. If the Bank is able to obtain a return of funds, the Bank will credit the Customer’s account at the Bank’s quoted rate of exchange (where foreign currency exchange is requested by the Customer on the date such credit is made) . The Customer agrees to pay the Bank’s feesand to reimburse any deductions and for

FAQs

What types of messages can the bank act on under this indemnity letter?

The bank may act on instructions received by facsimile, telex, internet/e-banking, or e-mail that do not bear an original signature.

Do customer instructions have legal effect if they are not verified?

Yes. The customer authorizes the bank to act without further verification, and bank records are conclusive evidence of the messages.

Can the bank decline or delay processing an instruction?

Yes. The bank may decline or delay action, including when instructions are incomplete, ambiguous, unlawful, cannot be carried out due to insufficient funds, or for other unspecified reasons.

How does termination work for the indemnity letter?

The bank may terminate at any time by verbal or written notice effective on delivery. The customer may terminate by written notice effective no later than five business days after delivery, with deemed receipt timing after posting.

Sep 15, 2026

Uploaded by Eliana