Description of Instrument:
1. Instrument : Cash backed SBLC
2. Currency : EURO
3. Age of Issue : New Issue
4. Term : One year and One Day
5. Issuing Bank : ROYAL BANK OF CANADA, UK
6. Total Amount : TWO HUNDRED MILLION EURO Only(€200,000,000.00)
7. First Tranche : Two Hundred Million EURO Only (€200,000,000.00)
8. Second Tranche : -
9. 3rd Tranche etc : -
10. Price : 10%(Ten Percent) + 2%(Two Percent Fees)
11. Fees(2%) : -1% Seller Side
-1% Buyer Side
Payment : TT via MT103
Delivery : SBLC €200Million via Swift MT799 - MT760 and SBLC Hard copy by Bank Bonded Courier
Transaction Procedure:
1. THE MONETIZER issues a full intake package in English of the DOA duly completed in all respects and signed with THE MONETIZER‟s full banking co-ordinates to include:
1.1. Client Information Sheet (CIS)
1.2. Corporate Resolution (CR)
1.3. Non-Solicitation Statement (NSS)
1.4. MONETIZER‟s Signatory‟s Color Copy of Passport
1.5. MONETIZER‟s Certificate of Incorporation (COI)
2. THE SENDER complete Due Diligence within 48 hours, THE MONETIZER is furnished „an official proposal” if MONETIZER accepts then countersigns and return it.
3. The instrument of SENDER issues a required instrument from a world S & P class AAA bank to beneficiary bank, it can be …… Bank.
4. At the date of signed of MEMORANDUM OF AGREEMENT Right Transferral-Hands Over (RT- HO), THE SELLER or SELLER’s AGENT agree to pay Refundable deposit (€ 30,000.00) – the RT-HO IMPLEMENTATION GUARANTEE FEE IN CASH to the MONETIZER, to cover the expenses for Prosesing Fund, Reserve Fund, Swift and Fund Transfer in accordance the Emissions from the MONETIZER'S BANK to the SENDER'S BANK. When the SWIFT MT799 is entered and received and has been verified and authenticated by the Receiving Bank of the MONETIZER, the funds will be refunded to the SENDER'S BANK. But When at the mutually agreed Windows time it turns out that Swift MT799 is not available or sent to the MONETIZER'S BANK COORDINATE, then the Refundable Deposits of €30,000.00 will be the property of the MONETIZER as a compensation.
5. Within two (2) bangking days of receiving The Signed DOA from the MONETIZER, The SENDER shall then instructs The Issuing Bank to swift The Instrument's Pre-advise Via SWIFT MT-799 to The MONETIZER's Receiving Bank;
6. Within Three(3) Banking Days of receiving and authenticating The Pre-advise MT- 799 from the SENDER was Completed, The MONETIZER Bank shall confirm its readiness by sending Advance Payment of the SBLC via SWIFT MT-103 as amount 1%(One Percent) of Face Value to guarantee payment to The SENDER;
7. Within two(2) banking days thereafter, The SENDER's Bank shall authenticate the MONETIZER Advance Payment, and directly must send SWIFT MT760 and issue The Soft copy of the SBLC to The MONETIZER's Receiving Bank including RAR of the swift report.
8. Within Seven (7) to Ten (10) banking days authenticate of The Swift MT-760, The MONETIZER's Bank release The Use of SBLC 65% (depend on amount of tranche) of The Total Face Value VIA SWIFT MT-103 to The SENDER's Receiving Bank;
9. Hard copy of the instrument will be delivered to the MONETIZER bank by the Bonded Courier within 7 banking days after receipt of full payment including fees.
Comments