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USDP LOOKING FOR EURO PROVIDER

USDP LOOKING FOR EURO PROVIDER

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Contact Person Dodovico

HRAMBEE AVENUE, NAIROBI, Other

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Description


USDP LOOKING FOR EURO PROVIDER

THIS IS USDP PROCEDURE IF YOU HAVE EUROP:

1) USD moves first with MT**3 in Euro provider bank.
2) USD **0B with rolls and extension.
3) First tranche: USD*9.5M
4) Bonus: Gross *5% USD.Net *0% to the Euro provider.
5) The Euro-P via his bank will send proof of fund of **0.*0M to the USDP\'s bank via MT**9 POF should be a tear sheet (not older than 3 days)

USD  MOVES  FIRST  WITH  MT **3   IN  EURO-PROVIDERS  BANK !
 
3. PROCEDURES
 
3.1. THE EUR-P WILL COMPLETE HIS PART OF THIS DRAFT CONTRACT INCLUDING BANKING DETAILS (APPENDIX A), THE TRANCHE SCHEDULE (APPENDIX B), SIGN IT AND TOGETHER WITH SIGNED ATTACHED FEE PROTECTION AGREEMENT (FPA), (APPENDIX C), SUBMIT IT FOR COMPLETION AND SIGNATURE BY THE USD-P. THE DOCUMENT WILL BE ACCOMPANIED BY:

  • COLOR FULL-PAGE COPY OF SIGNATORYS PASSPORT
  • CLIENT INFORMATION SHEET
  • CORPORATE RESOLUTION OR OTHER DOCUMENT AUTHORIZING TRANSACTION AND SIGNATORY
  • MANDATE APPOINTMENT DOCUMENT AND FULL-PAGE PASSPORT COPY - IF APPLICABLE
 
3.2. THE USD-P WILL COMPLETE HIS PART OF THIS DRAFT CONTRACT INCLUDING BANKING DETAILS (APPENDIX A), SIGN IT AND SEND IT BACK TOGETHER WITH FEE PROTECTION AGREEMENT (FPA) (APPENDIX C). 
 
3.3 BOTH PARTIES WILL DEPOSIT A COPY OF THIS CONTRACT WITH THEIR RESPECTIVE BANK OFFICERS.
 
3.4 THE EUR-P VIA HIS BANK WILL SEND PROOF OF FUNDS (POF) OF **0.*0M TO THE USDP\'S BANK. POF SHOULD BE A TEAR SHEET (NOT OLDER THAN 3 DAYS).
3.5 UPON AUTHENTICATION OF THE POF, THE USD-P WILL CONDITIONALLY TRANSFER HIS USD TO THE EURPS EUR ACCOUNT AS PER TRANCHE SCHEDULE, FIRST TRANCHE TO BE USD *9.5 MILLION AND SECOND TRANCHE TO BE AMOUNT AS PER TRANCHE SCHEDULE AGREED IN APPENDIX 2.
3.6 THE EURP BANK OFFICER, AFTER RECEIPT, VERIFICATION AND AUTHENTICATION OF THE FIRST TRANCHE OF USD, FROM THE USDP ACCOUNT, WILL EXECUTE THE UNCONDITIONAL TRANSFER  IN EURO OF THE EQUIVALENT AMOUNT OF USD TO THE  ACCOUNT (IN EURO) TO BE INDICATED BY THE USDP, IN ACCORDANCE WITH THE BANKING INSTRUCTIONS WITHIN  THIS AGREEMENT.
3.7 COMMISSION WILL BE PAID BY THE EURP TO BOTH SIDES ALL BENEFICIARIES AS PER THE FPA.
3.8 FURTHER TRANCHES CONTINUE AS PER THE ABOVE PROCEDURE UNTIL THE USD IS EXHAUSTED OR THE PFCEA AMOUNT IS COMPLETED.

 
 

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