Product Description
NON
Upfront fee lease/sale
of BG/SBLC. We
require the following to commence
as is a NON
Upfront fee offer.
Description of
Instrument:
1. Instrument: Cash
backed BG/SBLC
2. Currency : EURO
3. Age of Issue: Fresh
Cut/New Issue
4. Term: One year
and One Month
5. Issuing
Bank: HSBC,DB,...Top world Bank
6. Contract
amount: EUR XXXX
Hundred Millions (000,**0,**0) plus Rolls &Extensions
7. First
Tranche: X*0,**0,**0
Euro Denomination or
AS AGREED
8 Price: Eight -Percent (8%) of Face
Value plus Two Percent
(2%)
9. Consultant
Fees: Two (2%) Percent of face
value.
One
(1%) Percent for Lessor Side [CLOSED]
One
(1%) for Lessee Side[OPEN] Starts with U
*0. Delivery: Pre-Advice
SWIFT via MT**9, MT***0 to LESSEEs bank with
Hard Copy to follow by
bank bonded courier within five (5)
banking days after authentication of
payment.
*1. Payment: By
unconditional SWIFT Wire Transfer MT***3.
Note:
***
Required ****5% face value POF
*0% POF
lease **0 million & up
*5% POF
lease **0 million & less
+++Funds
Must be moved or Custodial account open in different countries for
the Following:
1) MALAYSIA
2)
INDONESIA
3) NORTH
KOREA
4) MAIN LAND
CHINA
5)
EMBARGO COUNTRIES
Transaction
Procedure:
1. Lessee issues a full intake
package in English of the LOI/DOA duly completed in all respects and
signed with Lessees full banking co-ordinates to
include:
1.1 Client Information Sheet
(CIS)
1.2 Corporate Resolution
(CR)
1.3 Non-Solicitation Statement
(NSS)
1.4 Non-Circumvention and Non-Disclosure Agreement
(NCND)
1.5 Irrevocable Master Fee Protection Agreement
(IMFPA)
1.6 Lessees Signatorys Color Copy of Passport Enlarged (**0%)
1.7 Lessees Certificate of Incorporation
(COI)
1.8 POF/Bank
Statement within 5 banking days current for *1% of face
value
1.9 ATV
Letter to verify bank POF
2. Provider complete Due Diligence within *2
hours, after a successful due diligence Lessorfurnishes lessee an official
proposal if lessee accepts then countersigns and
return it.
3. Upon receipt of counter signed official
proposal from the lessee, A "lease agreement" to go forward is
issued (which addresses arrange terms, banking coordinates to
be paid, timing and verbiage with lessee) countersigns and
returned. Making it a Binding Contract. Both parties shall lodge
the Contract with their handling banks for record.
4. Within Three (3) international banking days
after lessee receive ProvIders
signed and sealed agreement/contract, Providers issuing Bank
Coordinate cutting house cut instrument from providers portfolio,
assign BG/SBLC in Beneficiarys name and program a Credit Line
Reservation (Cash Backed) to send swift MT**9/MT**0.(Pre-advice
shall be valid for (4) four banking days ONLY) and provides a
courtesy copy by e-mail.
5. Within Three (3) international banking days
after verification, authentication and confirmation of the
Pre-advise by lessees Bank the will send ICBPO of 8*2% of the face
value by SWIFT MT***9 or BLOCK FUNDS by SWIFT MT **9 or BANK LETTER
OF PAYMENT UNDERTAKING/GUARANTEE by SWIFT MT **9 to LESSORs Bank
and provide a courtesy copy by e-mail.
6. Within Five (5) international banking days
upon successful verification and authentication of ICBPO, LESSORs
Bank sends Swift MT**0 to LESSEEs Bank who will wire transfer
leasing price of EIGHT percent (8%) plus TWO percent
(consultants fee)
to LESSORs bank via SWIFT MT**3 Fed Wire Cash Transfer, after
deducting bank fees. ++Simultaneously Lessor
distributes consultant fee (total: 2%) to the all intermediaries as
per FPA (2%) and provide a courtesy copy by e-mail
7. Hard copy of the
instrument will be delivered to borrower bank by the
Bonded Courier within 7 banking days after receipt of full payment
including commission.
8. All
subsequent tranches will be based on the same procedures until
collateral or funds become exhausted.
| Country: |
Philippines |
| Model No: |
-
|
| FOB Price: |
(Negotiable)
Get Latest Price
|
| Place of Origin: |
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| Price for Minimum Order: |
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| Minimum Order Quantity: |
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| Packaging Detail: |
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| Delivery Time: |
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| Supplying Ability: |
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| Payment Type: |
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| Product Group : |
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