Pro-forma Disbursement Accounts

ITIC has received a number of enquiries from its members regarding wordings on official documentation.

To assist its members, ITIC suggests using the following:

“Please note that this is a pro-forma disbursement account only.  It is intended to be an estimate of the actual disbursement account and is for guidance purposes only.  Whilst [the Agent] does take every care to ensure that the figures and information contained in the pro-forma disbursement account are as accurate as possible, the actual disbursement account may, and often does, for various reasons beyond our control, vary from the pro-forma disbursement account.  You are required and liable to pay upon demand, the full amount described and shown in the actual disbursement account.  This duty exists regardless of any difference between the figures in this pro-forma disbursement account and the actual disbursement account.  For the avoidance of doubt, this pro-forma disbursement account is not a contractual document”.

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