Dear Sir have you closed your transaction<quoted text>
See BUYERS PROCEDURES:
Buyer's Preferred Procedures :
Buyer issues LOI, with complete banking details, CIS and MFPA, to Seller.
Seller Counter signs LOI with copy of passport and making it a binding contract.
Seller Bank swifts the BG via MT760 (Valid for 96 hours) to Buyer’s Bank, including Cusip/ISIN number, issuing bank, date of issuance and maturity, denominations, full Bond Power, and all necessary information required for authentication of the instrument on before payment.
Upon authentication of the BG by Buyer’s Bank, Seller sends the CORPORATE INVOICE to Buyer’s e mail ID. And within 3 (three) International banking days, Buyer’s Bank pays via MT103. It does not mean Buyer shall wait for 3 days; but can instruct payment earlier. Once end to end transaction is stream-lined, this can happen 4 (four) days per week.
Fees and commissions shall be disbursed at the time of each tranche in accordance with the relevant MFPA, which is incorporated herein by reference as material condition of this agreement.
After the successful completion of the First tranche, steps 3 to 5 shall repeat till the completion of the BG volume as per the CONTRACT.
<!--[if !supportLists]-->7. <!--[endif]-->Indemnity: if Buyer and Seller do not perform as above, then each agrees to
indemnify the other with 1% of the value of the first tranche.
SAME DAY SETTLEMENT FOR ALL FEES AFTER PAYMENT OF EACH TRANCHE TO SELLER.
I do have direct mandate contact wants LOI CISPASSPORT COPY ETC ETCAND POF they provide all pakehe to be filled out and only deals with principal to principal however with all details of agents intermediaries to be paid email [email protected]