currency provider

London, UK

#1 May 13, 2011
European Currency, settlement in USD Currency at 15/10 discount in favor of the Euro Provider. We are able to advise that we would be happy to consider your offer for placement, we currently have one program able to facilitate this transaction which is offering the 15/10 discount you have requested, the program further offers a 10 banking day evergreen provision for your market benefit & convenience.

The program is a MT760 based program where the funds will remain blocked in your bank under the control of your banker acceptable for collateral in favor of our company for a min period of 30 days

– 1 yr full settlement will be made on the completion of the 10 banking day evergreen provision, on confirmation of the receipt of the full settlement amount delivered free & clear to the Euro-P's nominated banking account, the Euro-P will adivse his banker to transfer the funds to USD-P account held at the Euro-P's Bank.
There is no variation to procedure & the program is required to be completed in accordance with the MT760 program procedures the currency will be purchased at the agreed discount & provision will remain in place throughout the 10 banking day period in favor of the Euro Party, the Euro-P is not requried to move the funds from his bank, on verification of the blocked funds confirmation delivered to the USD-P's Nominated Banking Provider the transaction will be become activated & the Euro Client is entitled to the best rate of exchange in the following 10 banking days, the program has

many advantages including;
No Movement of Principal Funds
Transa ctions from 5B per Tranche
10 Banking Day 10 Day Evergreen Provision.
15/10 Discount In favor of Euro-P
Interb ank Exchange Rate

Funds held at Euro-P Bank on completion of the transaction.

The transaction will be completed by way of blocked funds for a min period of 30 days – 1 yr acceptable for collateral, the Euro-P on confirmation of the receipt of the full settlement amount delivered free & clear on the completion of the 10 banking days, will instruct the Euro-P Bank Officer to open an account at the Euro-P Bank & transfer the blocked funds instrument to the USD-P account. The Euro-P will receive free & clear delivery MT103 of Uniteds States Dollars (100%) at a calculated rate of exchange (interbank) of every EU Dollar (85%).


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