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CONDITIONS TO REDUCE ESCROW TO
15K + 5K
1. Give Bank Statement of last 3
days
2. To get MT76o either issue ICBPO
of 8% or Pay 1% cash after receiving and verifying MT799 Pre-Advice from
the Issuing Bank |
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DESCRIPTION OF INSTRUMENTS
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|
1 |
Instrument |
BANK GUARANTTEE/ OR SBLC MT760 |
|
2 |
Total Face Value |
MIN 100 EURO - MAX 500 MILLION |
|
3 |
Tranches |
Minimum 100 MILLION USD/ EURO |
|
4 |
Issuing Bank |
TOP WESTERN EUROPE BANK |
|
5 |
Age |
One Year and One Day |
|
6 |
LEASE Price |
8+4 % of face value of instrument |
|
7 |
Delivery |
SWIFT to SWIFT / 799 FIRST ( PRE-ADVICE ) |
|
8 |
Payment |
By Wire Transfer |
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9 |
Hard Copy |
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LEASE Price:
8+4% EIGHT PLUS FOUR PERCENT
Beneficiary of BLOCKED FUND (xxxxxxxxxxxxx)
Delivery Bank (TOP 25 WESTERN EUROPE BANK)
Transaction Procedure:
1. RECEIVER shall execute, sign DOA WITH CIS, PASSPORT COPY AND ACCOUNT STATEMENT OF MIN 3DAYS.
2. SENDER within 3 banking days after successfully DD will sign and sealed DOA and initial a Deed of Agreement which will automatically become full commercial recourse contract.
3. Within TWO (2) banking days upon signed agreement by all parties, RECEIVER MUST TRANSFER (15 THOUSANDS EURO TO LAWYER ESCROW ACCOUNT with account statement) . (35 THOUSANDS EURO TO LAWYER ESCROW ACCOUNT WITHOUT ACCOUNT STATEMENT)
4. Within three (3) banking days, SELLER SHALL SEND TO BUYER MT799 PRE-ADVICE FROM ISSUING BANK.
5. Upon receipt and satisfactory verification of the SWIFT MT-799 Receiver has two options:
A- Within TWO (2) banking days, the RECEIVER's bank sends the MT103 OF 1% OF FACE VALUE to the SENDER....... OR
B- Within Two (2) banking days, the RECEIVER’S bank issue MT799 ICBPO of 8% to Sender bank’s account
6. Upon successful verification and authentication of the SWIFT MT-103 (1% OF FACE VALUE) or ICBPO 799,