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CLOSING PROCEDURES : 1. Both parties (Lessor and Lessee) execute,sign and initiate the Agreement. 2. Within 2 banking days after both parties sign the Agreement,Lessee shall issue the bank proof of fund or BCL to the Lessor showing capability to pay for the issuance cost of Swift MT 760 SBLC .The POF or BCL by the bank must not be more than 3 days old upon submission.The Lessor’s bank shall verify the BCL with the Lessee’s Bank via either e-mail,phone calls or Swift Message exchanges. 3. Within 2 banking days upon receipt of the POF or BCL from the Lessee,Lessor shall instruct his bank to issue a Swift Message MT 799 pre-advice to the Lessee. 4. The Lessee shall verify and authenticate the Swift MT 799 pre-advice and within 2 banking days Lessee shall issue ICBPO payment guarantee via Swift MT 799 (Appendix 2) to the Lessor. 5.Upon successful verification and authentication of the MT 799 ICBPO ,Lessor shall deliver the Swift MT 760 SBLC (Appendix 1) within five(5) banking