Bank Instrument for PURCHASE / BUY & BROKERS/AGENTS ARE WELCOME
BANK GUARANTEES (BG), CASH-BACKED , Standby Letter of Credit (SBLC)
SELLER# 1 - BG/SBLC PRE-ADVICE FIRST FROM SELLER @ 40+2
Description of Instrument:
Instrument : Bank Guarantee (BG) – Exhibit “A”
Age : Fresh
Cut
Interest
Rate : Zero Percent (0%)
Term : One
(1) Year and One (1) Day
Issuing Banks : HSBC BANK UK, BARCLAYS BANK UK
Currency : EURO/USD
Contract Amount : EUR/USD50B
with R&E
& up
Emission Rate : 40+1+1% Percent of BG Face Value
Commission :(A)One Percent(1%) of Face Value for Seller’s Internal
Platform (CLOSED)
(B) One Percent (1%) of Face Value for the following parties:-
1/3
– SELLER’S PLATFORM (CLOSED)
1/3
- BUYER’S PLATFORM (OPEN)
1/3 - INTERMEDIARIES Exhibit
“D” (1/3 of 1/3 Open)
First Tranche : EUR 1,000,000,000 EUROS
Subsequent Tranches: EURX0B/EURX0B/EURX0B-UP TO EURX0B (with
R&E up)
Denomination :
EUR1B/X0B/EURX0B/EURX0B(with
R&E
& up)
Mode of Payment :
ICBPO or MT760
Unconditional
Delivery :
SWIFT MT-760 only followed by Hardcopy
to be delivered via Bank
courier within seven (7) banking days
TRANSACTION PROCEDURES TRANSACTION
PROCEDURES
(1)
Buyer
issues and delivers this LOI/MOU, duly completed and signed with full banking
coordinates, Client Information Sheet, Corporate Resolution, Business
Registration, Passport Copy, Non-Solicitation Letter, Tranching Schedule and Fee Protection Agreement.
(2)
Seller accepts and
countersigns this LOI/MOU, making it a binding contract complete with Seller’s
banking coordinates.
(3)
Within 2-3 Banking
days of receipt of countersigned LOI/MOU and Pre-Advise
SWIFT MT-799 from Seller, Buyer’s bank sends xx% of fv conditional ICBPO
(MT799) Addendum
C, as per bank standard format for first tranche to the following
banking coordinates, as stated herein:
(4)
After verification,
authentication of ICBPO, the Seller will request the issuing bank to issue the BG via SWIFT MT-760 as per Addendum
D, to beneficiary receiving bank within TWO (2) banking day.
(5)
Upon successful
verification and authentication of the SWIFT MT-760,
the Buyer’s Bank will release funds unconditionally to the Seller.
(6)
Fee shall be
distributed for each tranche in accordance with FPA, based on the face value of
the BG's, which is incorporated and shall form as an integral part of this
LOI/MOU as per Addendum A.
Transactions to continue
as per mutually agreed tranche schedule. Procedures are to be repeated until
contract value is completed.
_____________________________________________
SELLER# 2
INSTRUMENT DESCRIPTION:
Instrument Type: Bank Guarantee (BG) - CASH BACKED- Format ICC 458/SBLC
Term: One (1) year and one (1) day
Age: Fresh Cut
Issuing Bank: Commerz Bank, Deutsche Bank Frankfurt, Barclays or HSBC UK
Interest Rate: Zero percent (0%)
Price: Buy Forty One (49%) + Two Percent (2%) & Lease 6% + Two Percent(2%)
Currency: EURO
Contract amount: 200M up to FIFTY BILLION Euro (50,000,000,000) plus R&E
First Tranche: EUR 500 Million (�500,000,000.00) or AS AGREED
Denominations: 500M or by request.
Consultant Fees: Buyer and Seller Sides Share Two Percent (2%) Equally.
Delivery: Pre-Advice First SWIFT via MT799, MT760 to Buyer�s bank with
Hard Copy to follow in five (5) banking days by bank bonded courier.
Payment: By unconditional SWIFT Wire Transfer � MT-103.
TRANSACTION PROCEDURE:
1. Buyer sends letter of intent (LOI) to the Seller. The LOI should contain copies of Buyer�s passport, Company�s resolution if required and Client�s Information Sheet (CIS)
2. After due diligence, Seller countersigns LOI and returns to Buyer with Details of Issuing bank, passport copy, etc. This LOI automatically becomes a full commercial recourse contract. Both parties shall lodge the executed contract with their respective banks.
3. Within 24 banking hours, buyer send ICBPO MT799 swift to the sellers nominated receiving bank and forward copy through email to the seller.
4. Seller Upon confirmation of the ICBPO sends MT-799 Pre-advice to Buyer�s bank. (Pre- advice shall be valid for (4) Four banking days only) and send the copy to the buyer.
5. Within 12 banking hours, Seller's Bank shall send the Instrument by MT760 to buyer's bank. Buyer�s bank confirms and verifies BG/SBLC MT760;
6. Buyer shall within 1 - 6 Banking days pay Seller Total Fees and Broker's commission fees by MT-103 Wire after receiving SWIFT 760. (Should Buyer default to pay the fees to the Seller and the Intermediaries fees as agreed on this contract within allowed number of days on confirmation of Swift MT-760, Seller shall instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Buyer's bankers to return the BG/SBLC swift MT760 to the issuing Bank.)
7. Within 5 banking days after receiving money, Hard copy will be sent to Buyer bank by bank-bonded courier.
_______________________________________________________________________________
SELLER# 3
1.
|
Instrument
|
BG CASH-BACKED / SBLC
|
|
2.
|
Total Face Value
|
EUR/USD 50M UP TO NO MAXIMUM
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3.
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Issuing Bank
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HSBC / Barclays / Credit Suisse / Deutsche Bank AG / Standard Chartered / BOA (SBLC) / Wells Fargo (SBLC) / JP Morgan Chase (SBLC) / other World Top 25 banks.
|
|
4.
|
Selling Fee
|
35% of Full Face Value + 2% commission to be shared 50-50 as specified here below.
|
|
5.
|
Payment
|
After sign and submit contract Sender send signed contract in pdf form, invoice and undertaking letter with instruction letter instructing his bank to proceed with swift MT799. And after confirmation of 1% charge only out of the 35% of sale charge from receiver, sender will then gives instruction to his bank to proceed with swift MT760.
|
|
|
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Hard Copy
Bank-Charges
|
Bonded Courier within 7 banking days.
Refundable within 30days.
|
|
PROCEDURES:
1. SENDER and Receiver�s execute, sign a Deed of Agreement which thereby automatically becomes a full recourse commercial contract after Receiver�s application has been accepted by the SENDER.
2. Within 1, 2 to 3 days after both parties sign the Agreement; Sender�s bank shall send MT-799 Pre-advice to Receiver�s bank. (Pre-Advice shall be valid for (10) Ten banking days only). [Sender may require that Receiver shows bank statement of account confirming that the Receiver or his company have the 1% charge to be paid after MT-799 Pre-Advise is sent.]
3. Within 1-12 banking hours, Sender shall send copy of the MT-799 Pre-Advice to the Receiver.
4. Within (2) two Banking days of receipt of MT-799 Receiver Pays 1% () sale charge out of sender�s 35% sale charge to the sender�s Nominated bank account and send the swift payment copy to the sender for confirmation.
5. Within (2) two Banking days of Sender confirming the 1% charge (), Senders Bank shall send the Instrument by MT-760.
6. Receiver�s bank confirms and verifies BG/SBLC MT-760; Receiver shall within 1 � 6 Banking days� pay to Sender the balance 34% to Senders nominated account and also pay the additional 2% agent commission fees to agent as in the contract below.
(Should Receiver default to pay the fees to the Sender and the Intermediaries fees as agreed on this contract within allowed number of days on confirmation of Swift MT-760, Sender shall instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Receiver's bankers to return the BG/SBLC swift MT-760 to the issuing Bank.)
7. Within 7 banking days after receiving money, Hard copy will be sent to Receiver bank by bank-bonded courier.
_______________________________________________________________________________
SELLER# 4
BANK INSTRUMENT PARTICULARS
Instruments: Fully Cash Backed/Bank Guarantee (Standard ICC format)
Age: Fresh Cut
Interest Rate: Zero Coupon
Term: One (1) year and One (1) day
Currency: Euro
Bank Menu: HSBC , Barclay's, Deutsch Bank, Credit Suisse
Amount: XXXX Euro with rolls & extensions
Invoice Price: Thirty Eight Percent (38%) Percent of the Face Value
Intermediary Fees: Two Percent (2%) of Face Value payable by Buyer
First Tranche: Negotiable.
Subsequent tranches: As per agreed tranching schedule
Proof of Funds: To be issued bank to bank
Delivery: Buyer's Bank Issues MT-799 ICBPO Bank to Bank for First
Tranche/Issuing Bank
sends PRE-ADVICE SWIFT MT-799/Buyer�s Bank sends ICBPO
SWIFT MT-799/Issuing Bank sends instrument via SWIFT MT-760.
Hard copy of Instrument will be delivered to Buyer�s Bank via Bank Bonded courier within 7 banking days after receipt and authentication of payment.
Payment: Within 1- 7 banking days after receipt and authentication of SWIFT MT-760, Buyer�s Bank will release payment to Seller�s Bank via SWIFT MT-103 in accordance with terms and conditions in Buyer�s SWIFT MT799 ICBPO
TRANSACTION PROCEDURES
1. Buyer submits Letter Of Intent (LOI) with full banking coordinates (there must be sufficient cash funds in this account, if triggering a credit line please let us know in order to proceed in a different manner), Enlarged 140% Colour copy of Passport , Client Information Sheet , Certificate of Incorporation (if applicable), Corporate Resolution (if applicable), Non-Solicitation Statement, and an Irrevocable Fee Protection Agreement.
2. After conducting due diligence, the Seller will countersign the LOI and return it to Buyer including details of the BG Issuing bank, and details for MT-799 for the Promissory Note for the first tranche (EXHIBIT A) and Seller�s Passport copy. This LOI automatically becomes a full commercial recourse contract.
3. Buyer's bank will send MT-799 ICBPO to Seller's bank officer via Swift (coordinates and
instructions will be on countersigned contract
4. Within 24-48 banking hours, the Seller�s Bank shall send a PRE-ADVICE SWIFT MT-799 to the Buyer�s Bank. (EXHIBIT B ) The PRE-ADVICE shall be valid for four (4) banking days only.
5. Within the same banking day, the Seller shall email a courtesy copy of the PRE-ADVICE SWIFT MT-799 to the Buyer for confirmation.
6. Within One (1) banking days, after authentication of the Buyer�s SWIFT MT-799 ICBPO, the Seller�s BG Issuing Bank shall send the Bank Guarantee via SWIFT MT-760 to the Buyer�s Bank
7. (EXHIBIT D) and a courtesy copy shall be sent to the Buyer�s email. The Buyer�s bank verifies and authenticate the BG sent via SWIFT MT-760.
8. Within three (3) banking days, after authentication of the BG sent via SWIFT MT-760, the Buyer shall send payment to the Seller via SWIFT MT-103 and concurrently pay Consultants commission fees of Two Percent(2%) of each tranche face value. Courtesy copies of the commission payments shall be sent to the respective consultants/beneficiaries and their paymasters.
9. Within seven (7) banking days after authentication of receipt of payment to the Seller, the Seller�s BG Issuing Bank shall send the hard copy of the BG to the Buyer�s Bank via Bank Bonded Courier.
_______________________________________________________________________________
SELLER# 5
Description of Instrument:
1. Instrument: Bank Guarantee/Stand-By Letter of Credit (BG/SBLC)
2. Total Face Value: XXXXXXXXXXXXX
3. Issuing Bank: HSBC
4. Age: One Year and One Day
5. Buying Price: 50%+2%of Face Value package.
6. Delivery: MT-760 {Bank-To-Bank Swift}
7. Payment: ICBPO then Wire Transfer {Swift MT103}
8. Hard Copy:Bonded Courier Service {within three banking days}
BUYING PROCEDURE:
1 Seller and Buyer execute, sign and initiate the Deed of Agreement, which thereby automatically becomes a full commercial recourse contract agreement.
2 Within three (03) banking days, the Buyer will issue ICBPO by MT799 for the buying cost of 50%+2% to Seller�s funding bank.
3 Within three (03) banking days after receiving and confirming ICBPO by MT799 issue by Buyer bank to Seller�s bank, Seller�s bank will issue a full value BG with Euro clear access code and send via MT760 (ICC458-500-600 or latest version) to the Buyer�s bank. {Bank to Bank Swift}
4 Within three (03) working days after receiving and verifying that BG/SBLC MT760 (ICC458-500-600 or latest version), Buyer�s bank will release the payment by MT103 {Bank to Bank Swift}
5 After confirmation of releasing that MT103, the Seller will deliver the hard copy of the BG to the Buyer�s Bank via bank bonded courier in three (03) banking days.{Bank to Bank Swift}
____________________________________________________________________
SELLER# 6
DESCRIPTION OF INSTRUMENT:
Instruments: BANK GUARANTEES (BG), CASH-BACKED
Term: ONE (1) YEAR AND ONE (1) DAY
Issuing Banks: LLOYDS BANK TSB
Age: NEW ISSUE/FRESH CUT
Currency: EURO
Contract Amount: EURO 5M up to 1,000,000,000 - (ONE BILLION EURO)
Price: 50% OF FACE VALUE OF EACH BG + COMMISSIONS
Coupon Rate: ZERO PERCENT (0.00%) COUPONS
Commission: TWO PERCENT (2%) OF FACE VALUE
First Tranche of BG: EURO 500,000,000 - (FIVE HUNDRED MILLION EURO)
Subsequent Tranches: SECOND TRANCHE WITH EURO 500,000,000 (FIVE HUNDRED MILLION EURO), AS PER SCHEDULE OF DELIVERY
Settlement: BY SWIFT MT 760
Delivery: BY BG BY SWIFT MT-760, WITH HARD COPY TO BE DELIVERED VIA BANK-BONDED COURIER WITHIN SEVEN (7) BANKING DAYS UPON RECEIPT OF UNCONDITIONAL PAYMENT.
TRANSACTION PROCEDURES:
1. Receiver sends letter of intent (LOI) to the Sender attached with copies of Signatory�s passport, Company�s Resolution and Client Information Sheet (CIS).
2. Sender within two (2) international banking days, countersigns LOI and returns it back to Receiver with detail of BG Issuing Bank, copy of the passport, etc. , and this LOI becomes automatically a full commercial recourse contract, which both parties shall lodge with their respective banks.
3. Receiver, within three (3) international banking days, instruct his Bank to send POF MT-799 of 50% of EURO 500M (XXXXX) to the Sender�s provided receiving bank coordinates, which copy will be also provided to Sender via e-mail for the verification and compliance.
4. Sender �s Bank, within five (5) international banking days of receipt POF MT-799, issues and sends PRE-ADVICE SWIFT MT-799 (see Appendix A) to Receiver�s Bank, and followed by BG via SWIFT MT-760 (see Appendix B) to Receiver�s Bank.
5. Upon receipt of BG via SWIFT MT-760, Receiver�s bank verifies, and pays for the BG within five (5) banking days, and additionally pays out the 2% consultancy fees/commissions, as per the Irrevocable Master Fee Protection Agreement (IMFPA)
6. Sender's bank, within seven (7) banking days of receipt of full payment, sends the hard copy original BG to Receiver�s Bank by bank-bonded courier.
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