TOP 10 WEB 50B 10M BG NI SS XX+2 - BCL

Latest updated : Sunday, May 02, 2010, 04:20 AM, GMT +7

TRANSACTION PROCEDURES :

Bank Instrument : Bank Guarantee (BG) ICC Format
Age : ----------------- NEW ISSUES / SLIGHTLY SEASONED
Issuing Bank: ----- ABN AMRO, HSBC, DEUTSCHE OR ANY TOP 10 WEB
Amount : ----------- € X,X00,000,000.00 ( EURO X and X Billion with Roll &
------------------------ Extention to 50B.
Coupon : ---------- Zero Coupon (0%)
Maturity : ---------- One Year and One Day.
Currency : -------- European Union Currency (EURO)
First Tranche : -- € 100,000,000.00 (One Hundred Million Euro)
Subs. Tranches : € X00,000,000.00 or as agreed upon between buyer and seller.
Price : ------------- xx % + 2%
----------------------- ABN AMRO Bank - BG - 65% + 2%
----------------------- HSBC Bank - BG - 73% + 2%
----------------------- DEUTSCHE Bank AG - BG - 74% + 2%
Commission : -- Total of Two Percent (2.0%), Payable by the Buyer.
Transaction Mode : Standard DVP with Payment by SWIFT MT-103,

PROCEDURE

1. BUYER SUBMITS THIS SIMPLE LETTER OF INTENT (LOI) WITH FULL BANKING CO-ORDINATES, CLIENT’S INFORMATION SHEET, BCL, BOARD OF DIRECTOR FOR THE POWER TO THE SIGNATORY, PASSPORT COPY OF THE SIGNATORY, FPA AND MAY ATTACH SPECIMEN TEXT OF THE BANK INSTRUMENT REQUESTED.

2. WITHIN THREE (3) INTERNATIONAL BANKING DAYS SELLER APPROVE THE CLIENT AND ISSUES AND SIGNS THE PURCHASE AGREEMENT WITH SELLER’S FULL BANKING CO-ORDINATES.

3. Buyer shall instruct his bank to SWIFT a Bank Capability Letter or an agreed form of Proof of fund SUCH AS SWIFT MT199 OR MT999 ,FOR AN amount equivalent to the invoice price amount directly to the Seller's advising bank

4. IF THE RESQUESTED INSTRUMENT IS NOT IMMEDIATELY AVALABLE, SELLER SHALL ANNOUNCE THE TIME FRAME ( NORMALLY WITHIN 5 BANKING DAYS THAT THE INSTRUMENT SHALL BE ON CLEAR STREAM WITH ISIN# AVAILABLE FOR BUYER TO VERIFY. WITHIN FIVE (5) INTERNATIONAL BANKING DAYS, THE SELLER SHALL DELIVER THE “CERTIFIED CORPORATE INVOICE” TO BUYER AND COPY TO BUYER’S BANK BY CERTIFIED BANKING EMAIL. TOGETHER WITH PRINTOUT OF EUROCLEAR SCREEN CONTAINING BUT NOT LIMITED TO CUSIP/ISIN NUMBERS, ISSUING BANKS, DATE OF ISSUANCE AND MATURITY, DENOMINATIONS, CUSTODIAL SAFEKEEPING NUMBERS, EUROCLEAR SCREEN A, FULL BONDING POWER INFORMATION.

5. AFTER VERIFICATION AND AUTHENTICATION OF THE CERTIFIED CORPORATE INVOICE, BUYER WILL ACCEPT THE BG/S AND WITHIN SEVENTY-TWO (72) INTERNATIONAL BANKING HOURS FROM THE ARRIVAL OF THE INVOICE (CCI ), BUYER’S BANK SHALL SEND THE PAYMENT TO SELLER’S BANK BY CONDITIONAL ICBPO SWIFT WIRE TRANSFER MT 799. (SEE NOTES BELOW ) 在被证明的公司发货票的证明和认证以后，买家将接受BG/S，并且在从发货票的到来的八(8)国际银行小时内，买家的银行将送付款到卖主的银行由有条件SWIFT电汇MT103/F23。(参见下面笔记)由被证明的开户的电子邮件的银行。EUROCLEAR屏幕一起打印输出包含，但是没被限制到CUSIP/ISIN数字、发行开证银行、日期和成熟，衡量单位，保管安全保护数字， EUROCLEAR屏幕A，全部接合力量信息-

6. IMMEDIATELY AFTER RECEIPT OF ICBPO, THE BANK INSTRUMENT WILL BE TRANSFERRED TO THE BUYER'S BANK BY SWIFT MT-760, OR BY SCREEN CLEARING COMPANY (EUROCLEAR OR CLEARSTREAM) THROUGH REGULAR ACCESS CODE. A reasonable time for extension can be granted after which further delay shall be considered as default of contract making the defaulting party to compensate the innocent party amounting to 2% of the face value

7. HARD COPIES WILL BE DELIVERED VIA BANK BONDED COURIER TO BUYER’S BANK WITHIN SEVEN (7) BANKING DAYS AFTER THE PAYMENT BEING RECEIVED BY SELLER’S BANK. Seller will instruct issuing bank to put BG in buyer's name as a New beneficiary .


8. ALL FEE AND COMMISSION WILL BE PAID TO INTERMEDIARIES NO LATER THAN SIXTEEN (16) INTERNATIONAL BANKING HOURS AFTER THE DAY OF THE PAYMENT OF THE BANK INSTRUMENT.

9. ALL SUBSEQUENT TRANCHES WILL BE BASED ON THE SAME PROCEDURES UNTIL COLLATERAL OR FUND BECOMES EXHAUSTED.

RECEIVING/PAYING BANK:

BUYER’S BANKING COORDINATES:

Bank Name:
Bank Address:
Bank Officer:
Bank Officer Tel:
Swift Code:
Sort Code:
Account Name:
Account Number:

DATE SIGNED:

BUYER: :

Signed for, and on behalf of :



________________________________________
Signatory Name :
Entity Name :
Title :
Title :
Passport :
Date of Issue :
Date of Expiration :

ENCLOSED:

1. BOARD RESOLUTION
2. CLIENT INFORMATION SHEET
3. PASSPORT COPY OF SIGNATORY
4. FPA
________________________________________
NOTES:
• STEP 5 : Regarding the solutions that the Seller can propose to the buyer, please choose what is most suitable to his/her situation. This is what buyers can issue, following the receipt of the Certified Corporate Invoice:
Payment Undertaking in the form of ICBPO by Swift MT-799 or/
Payment Undertaking in the form of ICBPO by Swift MT103 or/
• Each bank works separately. If the buyer needs BGs issued by more than one bank. We need to prepare one LOI per bank. For example if the buyer wants 200M from HSBC and 200M from AMRO. We need two different LOI’s, MFPA’s, etc.
• The clearsteam fees are paid once and the same funds are used for the entire transaction. That is why the provider suggests a minimum tranche of 100M. The same funds are used also if the buyer wants to buy different banks instrument ( BG/SBLC ) but it will be necessary to finish one transaction first and then start with the other transaction.
• The Issuing banks of the BG are Top European banks and the nominal currency of the BGs that we sell is in Euros (€)… [Only if Buyer insists on USD we ask the issuing banks to make the BG in USD]. And the Clearing Settlement Banking Expenses is calculated always in Euros and for Euro-200,000,000.00 the settlement expenses are Euro-25,000.-… And it is refundable at the end of the transaction or deducted from the payment – this is Buyer's choice.
• Please note: All the transaction of Fresh Cut/New Issues BG are Funds First procedures with POF in advance and MT103 is issued before the Corporate Invoice…. With this provider, the BG is delivered on a DVP (collateral first) with NO POF, based on Provider financial strength and arrangements that he has with the Issuing banks but the Provider will never pay what must be paid by the Buyer's as buyer's duty, which is refundable at the end of the transaction.



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Please note :
1). Please read the seller's procedures with carefully.
2). The buyers must follow the seller's procedures.
3). If you need information of this offer, please don't hesitate to contact us.
4). Email : dwc.intl@gmail.com and/or skype : prass_dwc

Latest updated : Sunday, May 02, 2010, 04:20 AM, GMT +7