PROCEDURES:
1. Receiver sends to
Provider a Letter from his Receiving Bank confirming that the Receiver has met
requirement for the Bank to issue Irrevocable Conditional Bank Pay Order (ICBPO
/ MT799 PAYMENT UNDERTAKING (CONDITIONAL)) on behalf of Receiver.
2. Provider and Receiver sign
the Deed of Agreement
3. Receiver issues
conditional ICBPO / MT799 PAYMENT UNDERTAKING (CONDITIONAL) for 36% of Full
Face Value (8% of Full Face Value - In case of Lease) + 2% commission.
4.
Within Three banking days after ICBPO / MT799
PAYMENT UNDERTAKING (CONDITIONAL) is confirmed by Providers Bank; Provider Bank
send MT799 Pre-Advice to Receivers Bank and the BG/SBLC by MT-760.
5.
The Receiver’s bank receives, confirms and verifies
the MT760 (BG/SBLC);The Receiver's Bank then releases the ICBPO / MT799 PAYMENT
UNDERTAKING (CONDITIONAL) for the benefit of the Provider within two banking
days.
Provider
then pays the respect 1% commission on seller’s side and the 1% commission of
Receivers side to the respective brokers/agents.
(Should
Receiver default to lease the ICBPO / MT799 PAYMENT UNDERTAKING (CONDITIONAL)
within two banking days after receipt of Swift MT-760, Provider shall instruct
the issuing bank to put a claim on the BG/SBLC thereby forcing the Receiver's
bankers to return the swift MT-760 (BG/SBLC) to the issuing Bank.)
6.
Within Seven banking days after release of ICBPO
(CONDITIONAL); Hard copy will be sent to Receiver bank by bank-bonded courier.
7.
This Deed of Agreement is a full recourse commercial
commitment governed by the Law of the jurisdiction that both parties reside and
standards under ICC Regulation.
Comments
CASH ACCOUNTS 5M UP TO 100M
THE TRADE PROGRAM CONSISTS OF TWO PHASES:
PHASE ONE: A 3 AND/OR 5 AND/OR 15 DAY BULLET TRADE PROGRAM. CLIENT HAS THE OPTION OF USING ALL 3 TRADES. THE SHORT TERM BULLET TRADES WILL DO MORE THAN 25% DAILY NET.
PHASE TWO: THE ORIGINAL PRINCIPAL, AT A MINIMUM, MUST GO INTO THE 40 WEEK TRADE PROGRAM.
OVERVIEW OF THE PROGRAM
FUNDS WILL BE BLOCKED BY SWIFT MT-760 – PAID BY TRADER, HSBC ACCOUNTS WILL BE ADMIN HOLD PROFIT PAYOUT FOR THE 3 OR 5 OR 15 DAY BULLET TRADE PROGRAM TO THE CLIENT, CAN BE WITHDRAWN AT THE END OF EACH CYCLE. COMPOUNDING IS PREFERRED BEFORE GOING INTO THE 40 WEEK PROGRAM.
CLIENT CAN RECEIVE THEIR PROFIT PAYOUT AT THE END OF THE 3 OR 5 OR 15 DAYS.
WHEN THE CLIENT COMPLETES THE 3 OR 5 OR 15 DAY BULLET TRADE PROGRAM, THE CLIENT MUST PLACE THE ORIGINAL PRINCIPAL, AT A MINIMUM, INTO THE 40 WEEK TRADE PROGRAM.
PHASE TWO; 40 WEEK TRADE PROGRAM.
THE LOAN TO VALUE (LTV) WILL BE 100% OF PRINCIPAL PLACED INTO THE TRADE PROGRAM. THE 40 WEEK TRADE PROGRAM WILL HAVE A WEEKLY PROFIT PAYOUT TO THE CLIENT OF NET 50% OF LTV
FUNDS WILL BE BLOCKED BY SWIFT MT-760 – PAID BY TRADER, HSBC ACCOUNTS WILL BE ADMIN HOLD THE TRADE PROGRAM’S APPLY TO USD OR EUR CURRENCIES.
SUBMISSION DOCUMENTS REQUIRED ARE (ALL DOCUMENTS MUST BE CURRENTLY DATED):
– FULLY EXECUTED KYC
– PROOF OF FUNDS (POF) / BANK STATEMENT, MUST BE SIGNED BY TWO BANK OFFICERS, TO INCLUDE THEIR TITLES AND IDENTIFICATION NUMBERS.
– POF / BANK STATEMENT MUST BE DATED WITHIN 3 BANKING DAYS FROM DATE OF SUBMISSION.
– RWA LETTER FROM THE BANK.
ONCE DOCUMENTS ARE SUBMITTED TO THE TRADE PLATFORM, COMPLIANCE AND DUE DILIGENCE WILL BE PERFORMED WITHIN 5 BANKING DAYS. IF SUCCESSFUL, THE CLIENT WILL BE CONTACTED BY THE PLATFORM.
WHEN THE TRADE PLATFORM CALLS THE CLIENT DIRECTLY, THEY WILL DISCUSS THE DETAILS OF THE TRADE PROGRAMS AND THE TRADE CONTRACT.