PROCEDURE
FOR BOTH ISSUANCE OF SBLC OF $500M
FROM
BARCLAYS AND ITS MONETIZTION AT 60% LTV
BY
PAYING $50,000 AGAINST A NOTARIZED REFUND UNDERTAKING
We will
first send you 4 documents or you can download these from our
website.
1.
Deed
of Agreement (DOA) 2. IMFPA 3. Letter of Intention (LOI) for Monetization 4.
Client Information Sheet (CIS)
PROCEDURE
1.
You
first send those documents duly filled in. Then Provider will have DD on you and
if found OK, countersign your DOA and send you a Notarized Refund Undertaking
Letter along with the Contract for issuing SBLC of 500M from Barclays or
Deutsche Bank.
2.
You
will remit $50,000 to Provider Account and send me your remittance
Slip.
3.
Monetizer
will issue a Monetizing Contract with 60% LTV. SBLC issuing fess 10+3=13% will
be deducted and you will be entitled to receive 60-13=47% net cash remittance to
your Account. You will sign and send back this Agreement. Monetizer will again
re-check it and send it back to you in PDF format as final version of Monetizing
Contract.
4.
Your
$50K remittance will reach Provider Account in 3-5 days.
5.
Provider
will issue instructions to Issuing Bank, probably Barclays London, to issue
MT799 Pre-Advice to Monetizer Bank or send direct MT760. Usually Issuing Bank
schedules to send MT799 after a week or two.
6.
Monetizer
bank will respond to Pre-Advice by its Acceptance of SBLC by MT799 within a
week.
7.
Issuing
Bank will send MT760 after a week or two.
8.
Monetizer
Bank will verify MT760 and remit 1st Tranche of its 60% payments to all
Recipients mentioned in the Monetizing Contract within 10 days and 2nd Tranche
of payments within next 10 days.
Regards,
Hussain
Khan M. A. Tokyo
hussaintokyo5@gmail.com
www.bg-sblc.com