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ktt103 500M collateral one way

Citi Bank Singapore (Receiver Procedure) 1. THE PROVIDER AND THE RECEIVER EXECUTE, SIGN AND INITIAL THIS AGREEMENT ALONG WITH IFPA/NCNDA, PASSPORT COPIES OF SIGNATORIES, WHICH THEREBY AUTOMATICALLY BECOME A FULL COMMERCIAL RECOURSE CONTRACT. 2. WITHIN 1-2 BANKING DAYS THE PROVIDER SENDS TO THE RECEIVER’S BANK BY MT199 RWA LETTER WITH REQUEST TO CONFIRM READINESS OF THE RECEIVER’S BANK TO ACCEPT MT 103 FOR VEF 10M. 3. WITHIN MAXIMUM 3 BANKING DAYS PROVIDER’S BANK WILL ISSUE SWIFT MT103 CASH TRANSFER TO THE RECEIVER’S BANK AND PROVIDE TRANSMISSION SLIP BY EMAIL TO RECEIVER SAME DAY. 4. AFTER RECEIPT AND CLEARANCE OF SWIFT MT103 CASH TRANSFER INTO THE ACCOUNT RECEIVER EFFECTS PAYMENTS ACCORDING TO THIS CONTRACT. 5. TOTAL PAY-OUT 2.5% +2.50% OF THE TOTAL VALUE WITH DISTRIBUTION SHARES: 6. SHARING RATIO: 80% OF FACE VALUE TO THE PROVIDER / SENDER 2.50% OF FACE VALUE TO THE PROVIDER’S AGENT 2.50% OF FACE VALUE TO THE RECEIVER’S AGENT *BANK FEES WILL BE DEDUCTED PER WIRE TRANSFER, AND WILL BE DEDUCTED FROM EACH RESPECTIVE WIRE TRANSFER IN ADVANCE. 7. DELIVERY: SWIFT MT103 8. PAYMENT: SWIFT MT103 OR WIRE TRANSFER (SWIFT PAYMENT IS PAYMENT PREFERENCE) 9. DURATION OF PAYMENT: PAYMENT WITHIN 72 HOURS BANKING HOURS UPON SUCCESFUL CASH CLEARED INTO THE RECEIVER ACCOUNT  (Jan 6, 2014 | post #7)

Banking

mt103 one way

I have a receiver :Citi Bank Singapore (Receiver Procedure) 1. THE PROVIDER AND THE RECEIVER EXECUTE, SIGN AND INITIAL THIS AGREEMENT ALONG WITH IFPA/NCNDA, PASSPORT COPIES OF SIGNATORIES, WHICH THEREBY AUTOMATICALLY BECOME A FULL COMMERCIAL RECOURSE CONTRACT. 2. WITHIN 1-2 BANKING DAYS THE PROVIDER SENDS TO THE RECEIVER’S BANK BY MT199 RWA LETTER WITH REQUEST TO CONFIRM READINESS OF THE RECEIVER’S BANK TO ACCEPT MT 103 FOR VEF 10M. 3. WITHIN MAXIMUM 3 BANKING DAYS PROVIDER’S BANK WILL ISSUE SWIFT MT103 CASH TRANSFER TO THE RECEIVER’S BANK AND PROVIDE TRANSMISSION SLIP BY EMAIL TO RECEIVER SAME DAY. 4. AFTER RECEIPT AND CLEARANCE OF SWIFT MT103 CASH TRANSFER INTO THE ACCOUNT RECEIVER EFFECTS PAYMENTS ACCORDING TO THIS CONTRACT. 5. TOTAL PAY-OUT 2.5% +2.50% OF THE TOTAL VALUE WITH DISTRIBUTION SHARES: 6. SHARING RATIO: 80% OF FACE VALUE TO THE PROVIDER / SENDER 2.50% OF FACE VALUE TO THE PROVIDER’S AGENT 2.50% OF FACE VALUE TO THE RECEIVER’S AGENT *BANK FEES WILL BE DEDUCTED PER WIRE TRANSFER, AND WILL BE DEDUCTED FROM EACH RESPECTIVE WIRE TRANSFER IN ADVANCE. 7. DELIVERY: SWIFT MT103 8. PAYMENT: SWIFT MT103 OR WIRE TRANSFER (SWIFT PAYMENT IS PAYMENT PREFERENCE) 9. DURATION OF PAYMENT: PAYMENT WITHIN 72 HOURS BANKING HOURS UPON SUCCESFUL CASH CLEARED INTO THE RECEIVER ACCOUNT  (Jan 6, 2014 | post #6)