Posts

Showing posts from October, 2018

Procedure

1.  Seller and Buyer execute, sign and initial this Deed of Agreement, which thereby automatically becomes a full recourse contract to be lodged by both parties for initiation of Swift Transmission. 2.  Within three banking days after both parties sign the Agreement, After the Due Diligence and DOA signed by both side the issuing bank account officer will issue RWA letter directly to your receiving bank account officer to confirm the authentic of the Swift and Transaction. 3.  Within three working days after the Buyer receives RWA letter, The Buyer will make payment by direct wire transfer into the Seller's provided bank co-ordinates for the receiving of the bank transmission/administrative charges for the Pre-Advice via Swift MT799 or SBLC via Swift MT760 or both as the case maybe in the amount of Euro/USD XX 000.00. 4.  Within two banking days after confirmation of receipt of payment of the bank transmission/administrative fees charges for the SBLC via Swift MT760 or

API WORKBASE

Image

AMLATFPUAA 2001/AML/ATF/Sanctions Program

I. Purpose of Program   We have discretionarily established and implemented an Anti-Money Laundering, Anti-Terrorist Financing and Trade & Economic Sanctions Program (“AML/ATF/Sanctions Program” or “Program”) to ensure a robust, long-lasting and value-added ecosystem to all customers. We promote legal, transparent business activities and maintain a strong reputation among remittance businesses, regulators and consumers. II. Our Role and Activity   We are a global, blockchain transfer network operator that provide services to Transfer and Delivery companies (our customers). OKLink is not a remittance company. The sender is a customer of the Transfer company, while the recipient is a customer of the Delivery company. We utilize blockchain technology to quickly and securely move digital tokens (such as OK Dollars) from the Transfer Company to the Delivery Company, and vice versa for refunds as instructed by the respective companies. III. AML/ATF/Sanctions Landscape  

Direct Debit Payment Protocol

CLOSING PROCEDURE & LIABILITY 6.1. Both the INVESTOR and the CUSTOMER have signed this Agreement the INVESTOR agrees to send the funds via SWIFT MT103 SPP using Direct Debit Payment Protocol  and the CUSTOMER agrees to receive funds via SWIFT MT103 SPP using Direct Debit Payment Protocol , confirming its readiness by official letter of RWA 6.2. After receiving the above RWA, the INVESTOR’s Bank will issue first trench via SWIFT MT103, Direct Debit Payment Protocol in amount of Euro X Million (€X,000,000.00) through interbank SWIFT system and INVESTOR should send to CUSTOMER printout screenshot copy of SWIFT MT103 via e-mail.   NOTE: CUSTOMER has full responsibility together with his Banks and bank officers for the downloading of investment funds of the above SWIFT MT103   SPP (manual loading) Direct Debit Payment Protocol, as follows: •  after receiving the MT103 printout screenshot   copy, the receiving bank will have 3 (Three) working days to download manually th

SPP

Image