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The Fund Transfer Letter is a crucial banking document used in Hong Kong's financial system to facilitate and document the movement of funds between accounts. It is commonly used when parties need to provide formal written instructions for bank transfers, whether for commercial transactions, investment purposes, or personal transfers. The document must comply with Hong Kong's Banking Ordinance, anti-money laundering regulations, and financial services requirements. A Fund Transfer Letter typically includes complete details of the sender and recipient, transfer amount, purpose of transfer, and relevant banking information. It serves as both an authorization document and an audit trail for the transaction, making it essential for regulatory compliance and record-keeping purposes.

1. Sender Details: Full name, address, and account details of the party initiating the transfer

2. Recipient Details: Full name, address, and account details of the intended recipient of the funds

3. Transfer Details: Specific amount, currency, and timing of the transfer

4. Purpose of Transfer: Clear statement of the reason for the transfer (required for compliance)

5. Bank Details: Complete banking information including SWIFT codes, bank names and addresses

6. Authorization Statement: Express authorization for the bank to execute the transfer

7. Fee Arrangements: Statement of who bears the transfer fees and related charges