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Project Funding - Monetize

  • Mutually agreed that term of Project funding shall be for a maximum period of One (1) year and one day subject to mutually agreed renewal.
  • GENERAL PROCEDURES FOR MONETIZATION OF ACCEPTABLE FINANCIAL INSTRUMENTS FOR COLLATERIZATION AGAINST CREDIT FACILITIES
  •  After both parties have executed this Agreement, PARTY 2 Bank will send RWA by Bank secured E-mail to PARTY 1 Bank secured E-mail for confirmation of willingness to issue the instrument as per mutually agreed verbiage. 
  • PARTY 1 Bank will make the communication with PARTY 2 Bank for verification, confirmation of the RWA as well on providing the confirmed transaction Banking’s coordinates and the terms and conditions of the agreement signed with of the schedule proposed transaction.
  • Within seven (7) International Bank days PARTY 2 Bank will send SWIFT 799 Pre-Advice on the readiness and capability to issue the SBLC to Party’s 1 Bank as per agreed verbiage by both and the amount of the face value. 
  • Within seven (7) International Bank days upon receiving 799 from PARTY 2 Bank, PARTY 1 Bank will confirm back by 199 to PARTY 2 Bank to confirm able and ready to receive the 760 to collaterize the loan for project financing as per agreed verbiage terms and conditions. 
  • Within seven (7) international Bank days, PARTY 2 Bank will make arrangement to deliver the SBLC via SWIFT 760 to the Party’s 1 Bank as per agreed verbiage and face amount of the SBLC 
  • PARTY 2 Bank will send to PARTY 1 Bank by secured Bank’s email a copy of the sent SWIFT 760 to enable PARTY 1 Bank as proof and to confirm, authenticate and verify the SWIFT by PARTY 2 Bank.  
  • Upon the successful delivery and verification of the SWIFT 760 as operative instrument, within seven (7) International Bank days, PARTY 1 Bank will release payment SWIFT MT103 to PARTY 2 nominated account.
  • Hard copies will be sent Bank to Bank via bonded courier in seven (7) bank days thereafter.


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