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(LEASE 12 + 4) SECURED EMAIL RWA FIRST FROM PROVIDER AGAINST YOUR BCL FROM TOP BANK.doc Size : 226.5 Kb Type : doc |
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() BCL VERBIAGE REQUIRED FROM TOP BANK TO GET OUR SECURED MAIL RWA ASSURANCE.pdf Size : 85.12 Kb Type : pdf |
APPENDIX A
Bank Confirmation Letter
Date: April ...., 2015
To: --------------------------
Reference: SBLC or BG Transaction
BANK COMFORT LETTER (BCL)
Dear Sirs,
We, -----------------------------, at -------------------------------------, as per instructions of our client, ----------------------------------------, hereby confirm with full banking responsibility that our client herein-referenced Account Holder, --------------------------------------, as of JAN___, 2016, has, on deposit, in the Account Number ----------------- cash funds /Credit line in the total amount of EURO xxx, 000,000.00 (XXXXX Million Euros)-12% OF FACE VALUE.
Further, we confirm that the funds are legally owned by our client herein-referenced Account Holder, ------------------------, of good, clean and non-criminal origin and that they are unencumbered and freely disposable. We confirm that our Account Holder has full custody over the cash funds in their account and the funds shall remain reserved under their exclusive instructions.
We are Ready, Willing and able to receive your RWA Letter by Secured Bank Email confirming your capability of delivering Standby Letter of Credit with a face value of xxx,000,000.00 (One Hundred Million Euro). We have been instructed by our client, ----------------------, upon receipt your RWA Letter by Secured Email, to confirm via MT-799 the funds are reserved as the payment for Standby Letter of Credit against the SWIFT MT-760 delivery.
We do hereby authorize the recipient Bank Officer to confirm with our Bank, (Receiving Bank Name), at (Address), and the undersigned officers on a bank-to-bank basis, the availability and authenticity of this Bank Comfort Letter.
FOR AND ON BEHALF OF -----------------------
..................................... .....................................
Bank Officer No. 1 Bank Officer No. 2
PIN / Title PIN / Title
/ Bank Stamp /
DESCRIPTION OF BANK INSTRUMENT :
Instrument Type: |
Bank Guarantee or Standby letter of Credit (SBLC), Cash Backed |
Lease Price
|
12% (+4% |
Total Face Value: |
Minimum 100M Euros R & E |
1St Tranches |
Minimum 100M Euros |
2Nd Tranches |
|
3Rd Tranches |
|
4Th Tranches |
|
Currency: |
|
Issuing Bank: |
AAA RATING BANK |
Validity: |
One (1) Year and One (1) Day with Rolls and Extension |
Payment Schedule: |
Within Five (05) Banking days after verification and authentication of the Swift MT760, the Provider will receive 12 % of the Face Value. |
Delivery Bank: |
Swift Mt760 & Original Hard Copy By Bank Bonded Courier |
Payment Mode: |
MT103 or Bank Wire – After verification and authentication of Instrument |
Transaction Procedure:
Lessee submits duly sign LOI on Letterhead with full Banking Coordinate with below compliance documents include:
1.1 Letter of Intent/Contract (LOI)
1.2 Client Information Sheet (CIS)
1.3 Corporate Resolution (CR)
1.4 Non-Solicitation Statement (NS)
1.5 Non-Circumvention and Non-Disclosure Agreement (NCND)
1.6 Irrevocable Master Fee Protection Agreement (IMFPA)
1.7 Lessee Signatory and Color Copy of Passport
1.8 Lessee Certificate of Incorporation (COI)
1.9 Bank Confirmation Letter or Bank Acceptance Letter (Appendix A)
2. After Successful Due diligence, Provider countersigns the LOI. The Signed LOI becomes Legal binding Commercial Contract (agreement) between the parties. Both parties shall lodge the agreement in their respective banks.
3. Within Two Banking days , Provider ‘s bank shall issue RWA (Appendix B) by Bank Email to Receiving Bank and Corporate Invoice to Lessee Email ID: ……………………..
4. Within Two (2) Banking days of receipt of the RWA Email and Corporate invoice, Lessee bank shall issue Two Irrevocable Conditional Bank Pay Order (ICBPO) or Payment Undertaking (PU) OF 12% Via MT 799 as per (Appendix D) send a copy to Provider’s email (----------------------------).
6. Within Two (2) days after Provider’s bank receive and authenticate Irrevocable Conditional Bank Pay Order´s (ICBPO) or (PU) Via MT 799, Provider’s bank shall issue MT 760 as per (Appendix E) to Lessee bank coordinate and send a copy to Lessee email. (-------------------------------------)
7. Within Five (4-7) banking days upon successful verification and authentication of the MT 760, Lessee bank shall issue Total Payment of fee 12 % as per contract by MT 103 unconditional payment to Provider’s designated accounts and send a copy to Provider email (--------------------------------) and commission also.