we buy FRESH CUT BG
Posted in the Banking Forum
Since: Feb 10
#1 Jan 30, 2011
I have client like to buy FC/BG by 1B on ten tranches each tranch by 100M Euro
1. Instrument : FRESH CUT BG
2. Issuing Bank : HSBC or AA+ RATED BANK
3- Contract Amount : 1 Billion Euros with roll overs and extensions.
4- First Tranche : One Hundred Million Euros (€ 100,000,000.00) and subsequent tranches to be mutually agreed.
5. Term : ONE YEARS AND ONE DAY
6. Delivery pre advice first : by MT799 followed by MT760
7. Rate :??????% of Face Value +1% from Seller side and 1% from Buyer side, commission to be shared 50-50 as specified here below.
8. Hard Copy : within 7 banking days by bank bonded courier
ACCEPTABLE TRANSACTION PROCEDURE FOR our BANK:
1. Buyer sends letter of intent (LOI) to the Seller. The LOI should contain copies of lessee’s passport, Company’s resolution and Client’s Information Sheet (CIS). BCL After the seller signature
2. Within 24 hours Seller countersigns this LOI and returns to Buyer with Details of Issuing bank, passport copy ETC, and this LOI automatically becomes a full commercial recourse contract. Both parties shall lodge the executed contract to their respective banks.
3. within 48 hours Seller will send Corporate Invoice to Buyer and Seller’s Bank will issue the MT-799 pre-advice to buyer’s bank.
4. Upon receipt of MT799 and Corporate Invoice, Buyer Receiving Bank will issue MT 103/23 within max 48 banking hours after received the seller’s MT799, with total amount of ???????% percent of BG’s face value.
5. Upon verification and authentication of MT103/23, Seller Issuing bank will send the bank guarantee to Buyer’s designated bank via SWIFT MT-760 within 3 banking days.
6. Buyer bank confirms the MT760 into Buyer bank account. Within 72 hours Buyer withdraw field 23 from the MT103 conditional payment AND pay broker 2% fees simultaneously.
7. Within 7 banking days after receiving Payment and brokers fees, Hard copy will be sent to buyer’s bank by bank-bonded courier.
8. Any unauthorized calls by any party or its representative lawyers to probes or communication in an improper way to bank(s) in this transaction shall be prohibited and contract terminated.
9. This Letter of Intent is a full recourse commercial commitment governed by the Law of the jurisdiction that both parties reside and standards under ICC Regulation.
pls this proceeder is not negotiable
#2 Feb 10, 2011
Am in contact with bank that can discount bank instrument. anybody who has instrument to be discount should contact me on my email: firstname.lastname@example.org
#3 Apr 16, 2011
We have the FC BG with the requirment you have in this website, Please write to us on email@example.com for the LOI. thanks
#4 Apr 16, 2011
Excuse for an electronically-generated translation. If can satisfy a condition of the INVESTOR, address on Skype - mihail05081960
Procedure of work with an investor:
1.You (your company) presents us with a copy of the newsletter from your bank (on your company) about the readiness to issue BG's your company worth at least 100 million euros and willingness to confirm BG by SWIFT-760 in our bank (Bank Investor's A ++)
2. After verification of the letter (24 hours), you get a set of documents to fill out and complete the procedure DD on your company (the Beneficiary). Procedure DD - 72 hours.
3. After completing the procedure DD, you will receive a completed and signed contract from our company (investor) on the capture of the BG in the financial management of our company (Company Investor) for one year and one month to pay up to 20% of the nominal value of the instrument. To sign an agreement with an investor must have a copy issued by a bank guarantee or a letter from the bank.
4. The contract signed by both parties. Annex to the contract signed by the FPA (protection payments to all parties involved including the agents).
5. Your bank and the Bank Investor's share of MT-799.(In our text of the MT-799 bank will confirm the presence on the investor's account the full amount and the willingness to pay according to the contract, the answer to your MP-799 in 4 hours)
6. Your bank confirms BG by SWIFT-760.
7. Our bank (Bank Investor's A +++) for 72 hours (according to the law released for verification SWIFT-760) puts on your bank Pei-order for all the amount stipulated in the contract and begin payments under the contract (JVA) and the FPA.
8. The transaction is completed.
PLUS: no risk for both parties. If your bank has not received from us Pei-ORDER - he verifies the SWIFT-760, and withdraws it back. If your bank, then send us Pei-order not verified SWIFT-760, the bank is a serious financial liability under international law.
P. S. Beneficiary can be any company nominated by you, and clean (so it was a procedure DD). BENIFITSARA financial instrument passed into the financial management is not offered for payment of the investor.
#10 Nov 7, 2011
We can deliver leased instruments such as Fresh Cut BG, SBLC, LC and MTN to organization or individuals with their preferred text verbiage as been approved by their bankers. We also proffer-sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5.5+1)%+x%. X% IS Lessee broker's Commission and he determines his commission. Also we have a source for discounting instruments.
Contact me through my new email;
skype:( patel.ramanbhai ) in other to furnish you with other information.
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