www.bg-sblc.com

Purchase BG/SBLC

Lease BG/SBLC

40%+2%+2%

8%+2%+2%

1Receiver submits financial capability with self addressed RWA bank letter ONLY.,

2.After Due Diligence and acceptance of documents^ DQA is signed and completed in full by

Provider;

1. Provider sends signed  DO   in PDF form-subject to acceptance;
2. Providers Bank sends e Conditional Bank Pay Order (BPU / MT799 PAYMENT

UNDERTAKING (CONDITIONAL)) for 40% of Full Face Value of Bank Instrument + 4% {of Full Face

Value of Bank lnstrument-8%+4%) commission within 3 banking days.

(**2% is listed in DO A and 2% external FPA by separate BPU)

1. SWIFT MT76Q will be issued to Receivers designated Account within 3 banking days after

Providers confirmation of the BPU / MT799 PAYMENT UNDERTAKING (CONDITIONAL).

Provider sends SWIFT copies of the IVT799 and MT760 to the Receiver.

CURRENT Self Addressed RWA For Clien

Bank Letter Head

(SAMPLE BANK CLEARANCE AND APPROVAL LETTER TO BE ADDRESSED TO THE CLIENT

BANK CAN USE THEIR OWN VERBIAGE BUT THE ESSENCE OF WHAT IS NEEDED HAS TO REMAIN)

Account Holder:.

Account Holders Address: .

We,        (Bank's Name, Address, City and Country)              , do hereby confirm that we are aware of your

transaction and our institution with full banking responsibility will respond to a confirmed SWIFT MT799 RWA

with a Bank Payment Undertaking via SWIFT MT-799 for the sum required in the contract within 3 banking

days of confirmed SWIFT MT799 RWA to us. We attach our approved verbiage / confirm have read and

approved the required verbiage as detailed in Annex "A" below.

We stand ready for your further instructions.

 

For and on Behalf of        ( Bank's Name)       ,

 

BANK OFFICER NAME:

TITLE:

TELEPNONE NUMBER:

 

 

 

If Buyer can explicitly work w i t h above procedure and issue bank letter in above format, we will advise LOI later, followed by DOA if client is acceptable.

FOLLOWING CONDITIONAL BANK CLEARANCE LETTER REQUIRED FIRST FROM CLIENT TO GET MT799 RWA FIRST FROM PROVIDER

CURRENT Self Addressed RWA For Client:

============ 

Bank Letter Head

 

(SAMPLE BANK CLEARANCE AND APPROVAL LETTER TO BE ADDRESSED TO THE CLIENT

BANK CAN USE THEIR OWN VERBIAGE BUT THE ESSENCE OF WHAT IS NEEDED HAS TO REMAIN)

  

Account Holder: .

Account Holders Address: .

 

We, ..... (Bank's Name, Address, City and Country) ....., do hereby confirm that we are aware of your transaction and our institution with full banking responsibility will respond to a confirmed SWIFT MT799 RWA with a Bank Payment Undertaking via SWIFT MT-799 for the sum required in the contract within 3 banking days of confirmed SWIFT MT799 RWA to us. We attach our approved verbiage / confirm have read and approved the required verbiage as detailed in Annex "A" below. We stand ready for your further instructions.

 

For and on Behalf of ..... ( Bank's Name) .....,

BANK OFFICER NAME:

TITLE:

TELEPNONE NUMBER:

 

===========

If Buyer can explicitly work with above procedure and issue bank letter in above format, we will advise LOI followed by DOA if client is acceptable.

 

SAMPLE “EXHIBIT A”

SAMPLE BPU / MT799 PAYMENT UNDERTAKING (CONDITIONAL)

(Text may vary in substance but the essential undertaking must be maintained)

 

FROM

BANK NAME: 

BANK ADDRESS:

BANK TEL:

BANK FAX:

BENK OFFICER NAME: 

SWIFT CODE: 

ACCOUNT NAME: 

ACCOUNT NO: 

TO

BANK NAME: 

BANK ADDRESS:

BANK TEL:

BANK FAX:

BENK OFFICER NAME: 

SWIFT CODE: 

ACCOUNT NAME: 

ACCOUNT NO:

 

TRANSACTION CODE:

BG/SBLC NO:

CURRENCY:

AMOUNT:

ISSUING DATE:

MATURITY DATE:

 

AT THE REQUEST OF OUR CLIENT: <RECIEVERS NAME> FOR THE BENEFIT OF: <SENDERS NAME>, WE, <BANK NAME>, HEREBY IRREVOCABLY CONFIRM THAT WE ARE PREPARED TO UNDERTAKE THE FOLLOWING:

 

1. TO RECEIVE, VIA SWIFT MT760 INTO OUR CLIENT’S ACCOUNT, <RECEIVERS ACCOUNT>CASH-BACKED, ASSIGNABLE, TRANSFERABLE, DIVISIBLE AND UNCONDITIONAL BANK GUARANTEE /STANDBY LETTER OF CREDIT (“XXXM USD/EURO”); AND,

 

1. TO SWIFT TRANSFER A PRINCIPAL AMOUNT <38% OF VALUE OF BG/SBLC AMOUNT) XXXX MILLION EURO/USD PLUS 3% FEES FOR CONSULTANTS at respective accounts>WITHIN THREE (3) INTERNATIONAL BANKING DAYS TO THE BELOW-LISTED ACCOUNT AFTER SUCCESSFULLY RECEIVING AND AUTHENTICATING THE (“XXXM USD/EURO”); BANK GUARANTEE/STANDBY LETTER OF CREDIT DELIVERED VIA SWIFT MT760 TO OUR CLIENT’S ABOVE ACCOUNT.

 

BANK NAME:               

ACCOUNT NUMBER:    

ACCOUNT NAME:        

SWIFT CODE:              

WE, HEREBY CONFIRM THAT THE <(8% OF VALUE OF BG/SBLC AMOUNT) XXXX MILLION EURO/USD? ARE GOOD, CLEAN AND CLEARED FUNDS DERIVED FROM A LEGAL SOURCE.

 

For and on behalf of:

 ISSUING BANK

 ISSUING BANK ADDRESS

BANK OFFICER 1                                                                                                      BANK OFFICER 2

TITLE (PIN)                                                                                                              TITLE (PIN)