Instrument : Certificate of Deposits (CD)
Mininum:100 Million Euro/USD
Format : ICC 500 (draft attached)
Issuing Banks : HSBC/Deutsche/Barclays
Term : One year and one month
Age/ Issue : Fresh Cut/ New Issue
Interest Rate : Zero Coupon
Leasing Fee : Forteen Percent (14%)of Face Value
Payment : Top Priority Unconditional SWIFT Wire Transfer /: ICBPO.
Delivery Mode : SWIFT MT760 & Original hard copy by Bank Bonded Courier within seven (7) international banking days per Borrower's instruction.
1. Borrower submits this Letter of Intent (LOI) with Full Banking Coordinates, and Signatory’s Passport Copy.
2. After Provider’s acceptance, Provider countersigns and returns LOI with Provider’s Full Banking Coordinates to the Borrower, and this LOI becomes a legally binding, full recourse Contract between the Parties.
3. Borrower sends CONDITIONAL CASH BACKED SWIFT MT103 FIELD 23 as per the attached draft for the leasing fees of 14% to the Provider’s Bank.
4. Upon receipt of the CONDITIONAL CASH BACKED SWIFT MT103 FIELD 23 of 14% leasing fees, Provider shall within seven (7) banking days, send the Bank Instrument via SWIFT MT760 to the Borrower’s designated bank.
5. Payment ICPO/(MT103) shall be released on authentication and verification of the CD/SBLC and simultaneously, fees to all consultants will be paid by SWIFT Wire Transfer as per Irrevocable Fees Protection Agreement.
6. Borrower then sends to the Provider via email and hard copy by bonded courier, a duly notarized (Irrevocable Indemnity Protection Agreement attached) with complete coordinates of the duly accredited Notary Public (address, tel/fax numbers, email).
7. The original hard copy of the Certificate of Deposit will be sent via bonded courier within 7 banking days as per instruction of the Borrower/Receiver.
This LOI becomes null and void after fifteen (15) days from the date of this document, if it has not been executed by both Parties.
There should be no contact/visit by either party to either bank without explicit written permission from the counter-party.
Anyone intrested should please send thier mails to:email@example.com