Product Description

> INSTRUMENT DESCRIPTION:
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> 1. Instrument : Fresh Cut BG/SBLC
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> 2. Total Face Value : EURO XX **0 **0 **0.*0 (******************- EURO).
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> 3. Tranche Value: EUR XXM with R&E
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> 4. Issuing Bank : HSBC LONDON
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> 5. Age : One year and one day with prolongation to three years and one day
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> 6. Leasing Price : Interest 8% of Face Value, plus 2% commission for *0M;
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> Interest 6% of Face Value, plus 2% commission for **0M
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> 7. Sale Price; *5% plus 2 % commission
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> 8. Delivery : MT**0 SWIFT TO SWIFT.
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> 9. Payment : ICBPO/SWIFT MT**9; SWIFT **3.
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> *0. Hard Copy : Bonded Courier Within 7 Banking day’s.
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> THE PROCEDURE ACCEPTED IS AS FOLLOWS:
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> 1) Provider/Lender issue Deed Of Agreement to Buyer/Borrower, Buyer/Borrower fill complete the Deed Of Agreement with passport copy of responsible person, client information sheet and board resolution letter and return back to Provider/Lender.
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> 2) Provider/Lender will conduct DD and thereafter approve the transaction and its rep
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> Counter signs Deed Of Agreement, attaching passport of responsible Provider/Lender and send copy to Buyer/Borrower.
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> 3) Buyer/Borrower within 2 or less days upon receipt of countersigned DOA from Provider/Lender, issue ICBPO or SBLC via MT**9 to Lender’s fiduciary agent account coordinate with equivalent amount of 8% Lease price fee and send swift copy to Provider/Lender.
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> 5) Provider/Lender bank receive the swift copy and confirm the ICBPO or SBLC and thereafter give window time and releases bank guarantee BG via swift MT **0 to Buyer/Borrower’s bank account coordinate.
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> 6) Buyer/Borrower bank confirms and verifies bank guarantee.
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> 7) Buyer’s/Borrower’s bank releases funds and pays for bank guarantee Buy/Lease fee and broker commissions on or before *0days upon receipt and confirmation of MT**0.
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> 8) Provider/Lender bank sends hard copy of BG to Buyer/Borrower bank within 5 to 7 banking day by registered speed post .
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