Appendix I Sample Special Account Application Letter

Appendix I Sample Special Account Application Letter

<p> Appendix I (Sample Special Account Application Letter to NDF)</p><p>[Letterhead of the Recipient or Financial Administrator of the Grant] [Street address] [City] [Country]</p><p>[DATE]</p><p>Nordic Development Fund P.O. Box 185 FIN-00171 Helsinki FINLAND [email protected]</p><p>Dear [Country Program Manager]:</p><p>Re: Application to operate a Special Account for the NDF Grant/Credit No. [ ] [Project name]</p><p>We refer to the NDF Grant Agreement No. [ ] dated [ ] between the [name of the Recipient] and the Nordic Development Fund.</p><p>To facilitate the implementation of the Project, we hereby apply for your approval to open a Special Account for the purpose of making payments of eligible expenditures as defined in the NDF Grant Agreement. </p><p>We undertake to establish and operate the Special Account in accordance with the provisions of the NDF Disbursement Instructions. </p><p>We intend to request [name and address of account holding bank] to open a Special Account in the [currency] designated [name of project including reference to the NDF Grant No.] in the name of [name of the Recipient, executing agency or financial administrator of the Grant]. Immediately upon receipt of your approval to the opening of the Special Account, we will forward to you the following documents: </p><p>(a)Our authorisation letter to [name of bank] to open the Special Account in the foreign currency; (b)The letter to [name of bank] from [name of the Recipient, executing agency or the financial administrator] with authorisation and specimen signatures of persons appointed to operate the Special Account on our behalf; (c)A letter from the [name of the bank] confirming that the Special Account has been opened; and (d)If required, the Central Bank's authorisation to open a Special Account in a foreign currency. </p><p>In addition, we will instruct the [name of the bank] to issue a Bank Confirmation Letter addressed to NDF. Yours faithfully,</p><p>______[Authorised signature of the Recipient] [Place and date]</p>

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