TRANSACTION PROCEDURES
1. Buyer submits Letter Of Intent (LOI) with full banking coordinates (there must be sufficient cash funds in this account), Enlarged 140% Colour copy of Passport , Client Information Sheet , Certificate of Incorporation (if applicable), Corporate Resolution (if applicable), Non-Solicitation Statement, and an Irrevocable Fee Protection Agreement .
2. After conducting due diligence, the Seller will countersign the LOI and return it to Buyer including details of the BG Issuing bank, and Seller’s Passport copy. This LOI automatically becomes a full commercial recourse contract. Both parties shall lodge the executed contract with their respective Banks and Buyer will be required to open /activate an account in the Contract Name with the minimum Account Activation balance of GBP £20.000 with the Issuing Bank which will enable the client acquire customer status Meanwhile, you may decide to withdraw the deposit and close this account at the end of this transaction or keep is for further transactions after the first transaction is successfully completed..
3. Within two (2) banking days, the Seller’s Bank shall send a PRE-ADVICE SWIFT MT-799 to the Buyer’s Bank. (EXHIBIT A ) The PRE-ADVICE shall be valid for four (4) banking days only.
4. Within the same banking day, the Seller shall email a courtesy copy of the PRE-ADVICE SWIFT MT-799 to the Buyer for confirmation. Within three (3) banking days after authentication of the PRE-ADVICE SWIFT MT-799,the Buyer’s Bank shall reply and send a SWIFT MT-799 ICBPO ( EXHIBIT B ) to the Seller’s bank and a courtesy copy shall be sent to the Seller’s email.
5. Within three (3) banking days, after authentication of the Buyer’s SWIFT MT-799 ICBPO, the Seller’s BG Issuing Bank shall send the Bank Guarantee via SWIFT MT-760 to the Buyer’s Bank ( EXHIBIT C ) and a courtesy copy shall be sent to the Buyer’s email. The Buyer’s bank verifies and authenticate the BG sent via SWIFT MT-760.
6. Within three (3) banking days, after authentication of the BG sent via SWIFT MT-760, the Buyer shall send payment to the Seller via SWIFT MT-103 and concurrently pay Consultants commission fees of Two Percent of each tranche face value. Courtesy copies of the commission payments shall be sent to the respective consultants/beneficiaries and their paymasters.
7. Within seven (7) banking days after authentication of receipt of payment to the Seller, the Seller’s BG Issuing Bank shall send the hard copy of the BG to the Buyer’s Bank via Bank Bonded Courier.
8. All subsequent tranches will be based on the same procedures until collateral or funds become exhausted.
email: spz.resources@gmail.com
1. Buyer submits Letter Of Intent (LOI) with full banking coordinates (there must be sufficient cash funds in this account), Enlarged 140% Colour copy of Passport , Client Information Sheet , Certificate of Incorporation (if applicable), Corporate Resolution (if applicable), Non-Solicitation Statement, and an Irrevocable Fee Protection Agreement .
2. After conducting due diligence, the Seller will countersign the LOI and return it to Buyer including details of the BG Issuing bank, and Seller’s Passport copy. This LOI automatically becomes a full commercial recourse contract. Both parties shall lodge the executed contract with their respective Banks and Buyer will be required to open /activate an account in the Contract Name with the minimum Account Activation balance of GBP £20.000 with the Issuing Bank which will enable the client acquire customer status Meanwhile, you may decide to withdraw the deposit and close this account at the end of this transaction or keep is for further transactions after the first transaction is successfully completed..
3. Within two (2) banking days, the Seller’s Bank shall send a PRE-ADVICE SWIFT MT-799 to the Buyer’s Bank. (EXHIBIT A ) The PRE-ADVICE shall be valid for four (4) banking days only.
4. Within the same banking day, the Seller shall email a courtesy copy of the PRE-ADVICE SWIFT MT-799 to the Buyer for confirmation. Within three (3) banking days after authentication of the PRE-ADVICE SWIFT MT-799,the Buyer’s Bank shall reply and send a SWIFT MT-799 ICBPO ( EXHIBIT B ) to the Seller’s bank and a courtesy copy shall be sent to the Seller’s email.
5. Within three (3) banking days, after authentication of the Buyer’s SWIFT MT-799 ICBPO, the Seller’s BG Issuing Bank shall send the Bank Guarantee via SWIFT MT-760 to the Buyer’s Bank ( EXHIBIT C ) and a courtesy copy shall be sent to the Buyer’s email. The Buyer’s bank verifies and authenticate the BG sent via SWIFT MT-760.
6. Within three (3) banking days, after authentication of the BG sent via SWIFT MT-760, the Buyer shall send payment to the Seller via SWIFT MT-103 and concurrently pay Consultants commission fees of Two Percent of each tranche face value. Courtesy copies of the commission payments shall be sent to the respective consultants/beneficiaries and their paymasters.
7. Within seven (7) banking days after authentication of receipt of payment to the Seller, the Seller’s BG Issuing Bank shall send the hard copy of the BG to the Buyer’s Bank via Bank Bonded Courier.
8. All subsequent tranches will be based on the same procedures until collateral or funds become exhausted.
email: spz.resources@gmail.com
Comments