Sender and Receiver’s execute, sign and initial a Deed of Agreement
Within 3 days after both parties sign the Agreement, sender submit the contract to his bank and sender send copy of the signed contract in pdf form corporate invoice and corporate refund undertaking letter guarantee the refund of the harmonization, auditor’s and swift fee payment should sender’s bank fail to send swift mt799 and mt760 upon receipt and confirmation of bank handling charges.
Within 24hrs receiver, received copy of the corporate invoice with Undertaking Letter guarantee, Receiver pay the Liquidation and auditors bank handling charges and send wire transfer copy to sender for his confirmation before his bank will send mt799 and mt760 .
Within 3 bank days after confirmation of the Liquidation and auditors bank handling charges to send the swift MT799 AND MT760 to Reciever’s bank, Senders bank send the first swift MT799 the following day, Senders bank Send Swift MT760 to the monetizing bank coordinate. Within 3 banking days, SWIFT MT760 is monetized at the rate of 97% and proceed transferred into Client’s provided bank account.
Within 21 banking days, client pays the balance lease fee and brokers commission.
Should Receiver default to pay according to as agreed in the contract, the Sender will instruct the Issuing Bank to put a claim on the monetized BG/SBLC and 97% monetized funds and thereby forcing the Receiver to return the BG/SBLC and 97% monetized funds by SWIFT MT760/MT103.
After 30 bank days sender will refund back to receiver the Liquidation and auditors bank
handling charges to receivers provided account.
LIQUIDATION OF BLOCK FUND FRESH CUT BG/SBLC FEE AND EXTERNAL AUDITORS’ FEES FOR SWIFT HARMONIZATION TO SEND MT799 AND MT760
|
Liquidation/ external auditors’ fees for 1M to 10M is USD/EUR 35,000.00
|
Liquidation/ external auditors’ fees for 11M to 50M is USD/EUR 50,000.00
Liquidation/ external auditors’ fees for 60M to 100M is USD/EUR 120,000.00
|
Liquidation/ external auditors’ fees for 200M to 600M is USD/EUR 150,000.00
|
Liquidation/ external auditors’ fees for 700M to 2B is USD/EUR 200,000.00
Liquidation/ external auditors’ fees for 3B to 9B is USD/EUR 250,000.00
|
Liquidation/ external auditors’ fees for 10B to 50B is USD/EUR 350,000.00
|
ADDITIONS:
1. we will monetize the BG/SBLC at the rate of 97% after issuance and the funds/proceed from monetization sent to your receiving bank account which you will fill out in DOA.
2. Note that there is no separate DOA for the monetization as the DOA I sent to you covers both issuance of the BG/SBLC and the Monetization. So, kindly fill, sign the DOA and return for us to conclude. That we will issue the BG/SBLC and also Monetize it after issuance at the rate of 97%.
3. Note that we agree that the 5% lease fee will be paid after you receive the 97% funds/proceed from monetization.
4. There are no hidden charges apart from the 5% lease fee after monetization of the BG/SBLC.
2. Note that there is no separate DOA for the monetization as the DOA I sent to you covers both issuance of the BG/SBLC and the Monetization. So, kindly fill, sign the DOA and return for us to conclude. That we will issue the BG/SBLC and also Monetize it after issuance at the rate of 97%.
3. Note that we agree that the 5% lease fee will be paid after you receive the 97% funds/proceed from monetization.
4. There are no hidden charges apart from the 5% lease fee after monetization of the BG/SBLC.