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How to use or fill out assignment of funds form with DocHub
- Click ‘Get Form’ to open the assignment of funds form in our editor.
- Begin by entering the Letter of Credit number and the issuing bank's name at the top of the form.
- In the section where you authorize payment, select either a percentage of the draft's face amount or specify a maximum dollar amount. Clearly write this amount in both numeric and word format.
- Fill in the name and address of the Designated Payee who will receive the specified funds.
- Sign and date the form where indicated, ensuring that your signature is guaranteed by an authorized bank representative.
- Finally, attach any required documents, such as your cheque for commission, before submitting it through our platform.
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