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SBLC/BG CONTRACT TO SELL

Posted by Bill Quarshie on November 18, 2016 at 23:42:26:


Instrument : Bank Guarantee / STANDBY LETTER OF CREDIT,ICC

Format 458 or 758

Issuing Bank : HSBC or DB

Bank Address :

Term : One (1) Year and One (1) Day

Age : Fresh Cut

Currency : Euro (€)

Contract Amount : X Billion Euro (€X,000,000,000.00) (Total

Face Value) with Rolls and Extensions

Initial Tranche : Five Hundred Million Euro (€500,000,000.00)

Subsequent Tranche : As the Parties agree

Invoice Price : Thirty Seven Percent (37%) of Face Value of BG

Commissions/Fees : Two Percent (2%) of the Face Value of BG as per

Irrevocable Master Fee Protection Agreement (“IMFPA”)

Transaction Mode 1. Proof of Fund (the Buyer)

2. SWIFT MT799 Pre Advice (the Seller)

3. SWIFT MT799 RWA (the Buyer)

4. SWIFT MT760 (the Seller)

5. SWIFT MT103 (the Buyer)

Mode of Payment : SWIFT MT103

Mode of Delivery : SWIFT MT760, Original Hard Copy via bank’s bonded courier

PROCEDURES

1. Buyer: The Buyer submits this Agreement with:

a. Cleint Information Sheet (“CIS”) with full bank

coordinate

b. copy of Corporate Registration,

c. copy of Passport of the Authorized Signatory:

d. Board Resolution:

e. Non-Solicitation Statement

f. proposed Tranche Schedule

g. IMFPA:

2. Seller: The Seller countersigns the Agreement and the Agreement becomes a legally binding and valid commercial agreement between the Seller and the Buyer.

3. Both Parties: Both Parties lodge the executed Agreement to their relevant banks.

4. Seller: The Seller issues Corporate Invoice (“CI”)

5. Buyer: The Buyer causes the Buyer’s bank to issue Proof of Fund (“POF”) as per the verbiage attached hereto as Exhibit A via SWIFT MT799, forwards via e-mail a copy of the POF Swift confirmation print out copy to the Seller via email.

6. Seller: Upon verification of POF SWIFT MT799, the Seller issues SWIFT MT799 Pre Advice confirming RWA to deliver BG via SWIFT MT760

7. Buyer: Within two (2) banking days of a receipt of the SWIFT MT799 Pre-Advise, the Buyer’s bank will issue SWIFT MT799 RWA to receive SWIFT MT760 and to settle/pay. The Buyer forwards via e-mail a copy of the SWIFT MT799 RWA to the Seller.

8. Seller: Within three (3) banking days of receipt of the SWIFT MT799 RWA from Buyer’s bank, the Seller’s bank delivers BG/SBLC via SWIFT MT760. The Seller forwards via e-mail a copy of the SWIFT MT760 to the Buyer.

9. Buyer: Within One (1) Banking Day of receipt of the SWIFT MT760 (confirmation and delivery of BG/SBLC), the Buyer’s bank shall authenticate and validate the SWIFT MT760 on a bank to bank basis. Within Eight (8) Banking Days of verification, the Buyer’s bank sends Settlement/Payment via SWIFT MT103. The Buyer forwards via e-mail a copy of the SWIFT MT103 to the Seller immediately upon transmission of Settlement/Payment.

10. Seller: Within seven (7) banking days of receipt of the payment, the Seller causes the Delivery of the Original Hard Copy via bank bonded courier to the designated bank account of the Buyer.

11. Both Parties: Subsequent tranches shall be as per Tranche Schedule specified in this Agreement or as may be agreed upon between the Seller and the Buyer. Subsequent tranches shall be as per the procedures above.

12. Both Parties: Any rolls and extensions have to be agreed upon between the Seller and the Buyer by one (1) week before the initial contract amount is exhausted.

Interested Buyers should contact me at billquarshie@gmail.com or skype: billquarshie3. Thank you.






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Subject  : Re: SBLC/BG CONTRACT TO SELL
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