Fund Verification Protocol

Authenticating the Abu Dhabi Sovereign Fund for BG Monetization

🔒 SECURE VERIFICATION PROCESS

Verification Overview

Purpose of This Protocol

This document provides banks with multiple methods to independently verify the authenticity and legitimacy of the Abu Dhabi Sovereign Fund before proceeding with BG issuance. All verification methods use standard banking channels and established protocols.

The verification process is designed to give issuing banks complete confidence in the transaction by providing multiple touchpoints for authentication, documentation review, and direct bank-to-bank communication.

What You Will Be Able to Verify:

✓ Existence and legitimacy of the funding source
✓ Authorization chain from fund to facilitators
✓ Banking credentials of receiving institutions
✓ Previous successful transactions (references)
✓ SWIFT authentication capabilities

Verification Methods

Method 1: SWIFT Authentication (MT799)

The most direct method is through SWIFT MT799 (Free Format Message) communication between banks. This allows for secure, authenticated bank-to-bank dialogue before any commitment.

:20: TEST-ECO-NOVA-001
:79: TO: [RECEIVING BANK NAME]
ATTN: TRADE FINANCE DEPT

WE REFER TO PROPOSED BG MONETIZATION FACILITY FOR OUR
MUTUAL CLIENT [CLIENT NAME]. PLEASE CONFIRM YOUR
INSTITUTION'S ABILITY TO RECEIVE AND MONETIZE MT760
FOR AMOUNT USD [AMOUNT] THROUGH ABU DHABI SOVEREIGN
FUND FACILITY.

PLEASE AUTHENTICATE AND RESPOND VIA RETURN MT799.

REGARDS,
[YOUR BANK NAME]

The receiving bank will respond with confirmation and may provide additional verification codes or documentation references.

Method 2: Direct Bank Contact

Receiving Bank Details (To be provided upon application)

Institution: [Major Abu Dhabi Bank Name]

SWIFT Code: XXXXXXAEXXX

Department: Sovereign Wealth / Trade Finance

Verification Contact: Will be provided with specific names

Phone: +971-X-XXX-XXXX (Direct line)

Important

Specific contact details are provided only after initial application to maintain security. Your relationship manager or trade finance head can call directly to verify.

Method 3: Documentation Review

Available Verification Documents:

Authorization Letter from Fund Available
Gulf Marketing & Services Registration Available
Eco Nova Authorization Agreement Available
Previous Transaction References Upon Request
Fund Mandate Documentation Upon Request
Bank Comfort Letters Upon Request

Method 4: Correspondent Banking Network

Utilize your existing correspondent banking relationships to verify the receiving bank's credentials:

  • Check through your Middle East correspondent banks
  • Verify via international banking associations
  • Confirm through SWIFT RMA (Relationship Management Application)
  • Cross-reference with your credit/risk department

Step-by-Step Verification Process

1

Initial Document Review

Review the authorization chain documentation provided by Eco Nova:

  • Verify Eco Nova's authorization from Gulf Marketing & Services
  • Confirm Gulf Marketing's mandate from the fund
  • Check all documents for consistency and authenticity
2

SWIFT Pre-Authentication

Before preparing the BG draft:

  • Send MT799 to receiving bank requesting confirmation
  • Wait for authenticated MT799 response
  • Verify SWIFT authentication keys
  • Confirm receiving bank's details match provided information
3

Direct Communication

Establish direct contact:

  • Call the provided verification contact
  • Confirm transaction details and process
  • Request any additional comfort required
  • Document the conversation for your records
4

Final Confirmation

Before BG issuance:

  • Receive written confirmation of fund's readiness
  • Verify final beneficiary details
  • Confirm all parties are aligned on terms
  • Proceed with BG issuance only after full satisfaction

Verification Timeline

📋
Day 1-2: Initial documentation review and verification request submission
💬
Day 2-3: SWIFT MT799 exchange and authentication
📞
Day 3-4: Direct bank-to-bank communication and verification
✅
Day 4-5: Final confirmations and proceed with BG draft

Red Flags and Security Measures

Warning Signs to Avoid

  • Requests to bypass standard SWIFT channels
  • Pressure to skip verification steps
  • Unwillingness to provide bank-to-bank communication
  • Requests for upfront payments before verification
  • Inconsistent or changing bank details
  • Inability to authenticate via MT799

Legitimate Process Indicators

  • Full transparency in documentation
  • Willingness to facilitate all verification methods
  • Consistent information across all channels
  • Professional responses to all queries
  • Established banking protocols followed
  • No pressure or unrealistic timelines

Verification Support from Eco Nova

Eco Nova is committed to facilitating complete transparency and supporting your bank through every step of the verification process.

We Provide:

  • All verification documentation
  • Direct contact facilitation
  • SWIFT format assistance
  • Step-by-step guidance

We Ensure:

  • No hidden processes
  • Full compliance with regulations
  • Professional communication
  • Timely responses to all queries

Your confidence is our priority.
We encourage thorough verification before proceeding.