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Showing posts from November, 2018

Earthly Technologies (M) Sdn. Bhd.

Earthly Technologies (M) Sdn. Bhd. Summary Earthly Technologies  Board of Directors see this programme as being one that fits perfectly with its medium term and long terms growth strategy.The Malaysian  government announced in its November  2018 Budget Statement that its; investment arm Kha z anah  will develop a new 80 acre aerospace technology site in Malaysia. This announcement confirms the point that the government finally  sees this industry as being critical to its future economy growth plans.This announcement is timely as it may well provide Earthly Technologies  with an opportunity to engage with Kha z anah.At present the Malaysian aerospace sector is relatively  small, focusing mainly of supplying parts for fixed wing aircraft production and servicing aircraft.The entry into the LTA industrial sector marks a turning point. In this case Malaysia will instantly become the world’s largest airship manufacture and in so doing will become a center of excellence.Quite apart fr
Term Explanation Receiving Account Holder The Account Holder is the company or the physical person holding the Receiving Bank Account where the Instrument will be assigned. It can be the Borrower himself or a third party. If the Account Holder is not the Borrower, he must sign, together with the Borrower, GMSLA and the other documents concerning transaction. Amendment (to the G.M.S.L.A.) The Amendment is an agreement where Lender and the Borrower agrees to make changes to the Lending Agreement. An amendment can be done for several reason: change of the Borrower name, change of the Account Holder, change of the Receiving Bank, extension of the call option etc. Amendment must be in respect of the Procedure, that cannot be changed. All amendments issued for GMSLA are integral part of original Lending Agreement.

SWIFT global payments innovation (gpi)

Real value. Right now. Banks around the world are mobilising to create a fast and frictionless cross-border payment experience. By embracing SWIFT gpi – the new standard in global payments – banks are now sending and receiving funds quickly and securely to anyone, anywhere in the world, with full transparency over where a payment is at any given moment. SWIFT gpi dramatically improves cross-border payments across the correspondent banking network, and not least for corporates for whom speed, certainty and a smooth international payments experience is an absolute must. Banks, corporates and market infrastructures around the world are leading the way in making gpi the new norm, so don’t be left behind.  Fast, traceable and transparent cross-border payments As a corporation, we understand your reliance on efficient cross-border payments processing – with speed, certainty and fee transparency all key elements to running effect

LC,BG and SBLC and the procedures

GWE is  one stop for issuance and relay of instruments facilitating global trade, covering LC’s and SBLC’s and Bank Guarantee's exclusively. Please find attached our details and below the information regarding LC,BG and SBLC procedure At Sight LC Procedure 1. Send us pro-forma invoice 2. We will create a draft instrument and quote our charges 3. Once you have accepted the draft, we will send you indemnity documents which need to be signed and notarized by a lawyer. 4. We will send you invoice for our charges. 5. Once we receive our charges along with all indemnity documents, we will SWIFT the instrument to the beneficiary's bank immediately. Escrow account payable upon  SWIFT of the instrument is acceptable. For escrow payments, we will request for a commitment fee along with Escrow administration charges. 6. The beneficiary will send the goods to you and the documents to us. 7. Once documents ha

LC, BG / SBLC , MTN, POF

LETTER OF CREDIT, BANK GUARANTEE / STANDBY LETTER OF CREDIT , MEDIUM TERM NOTES, PROOF OF FUNDS. Our strength in financial services is to be there where the customer’s traditional finance provider is not coming up to  Financial Instruments GWE provide financial instruments services; The financial instruments we provide includes Bank Guarantees, Standby Letter of Credit, Letters of Credits, Medium Term Notes, etc. The financial instruments are issued through top European banks, they are cash-backed and stand as irrevocable obligation from our banks on behalf of our clients for their credit needs, business and project funding. Our clients use these Instruments to secure financing for their business projects, and private placement  Loan Program GWE also help clients secure financing against financial like BG and SBLC. This type of funding imposes less difficult requirements for clients financial strength and project quality than traditional proje

PROCEDURE: LEASE A FINANCIAL INSTRUMENT

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                                                                                                                                             1. Specifications: In view of the difficulties that Borrowers meet to follow Lender procedure for the leasing of  financial instruments (especially for trading or collateral for their credit lines purposes), Lender    pointed  out    the  following  proposal  which  give  to  the  Borrower  the  possibility  to  lease  a BOND or MTN and receive a proof of funds (POF/CD). Lender decided to work with cash backed CD because it is the only way granting traders that the funds are blocked with a CD having maturity date of   one   year   from   the   issuing   date.   Application   form   will   bear   option    (4)    to   borrow   financial  instruments (i.e. BOND or MTN) with option to receive Proof  of Funds in the form of Certificate of Deposit (CD).   2. G.M.S.L.A.   (Global   Master   Security   Lending   And   Borrowing   Agreement)