BANK INSTRUMENTS PARTICULARS
Instruments: Fully Cash Backed/Bank Guarantee (BG42%)/Standby Letter of Credit
(SBLC42%) Medium Term Note (MTN40%), ICC 458 format
Age Fresh Cut
Interest Rate Zero (0) Coupon
Term One (1) year and one (1) day
Currency: Euros/USD
Bank Menu: UBS AG/Deutsche Bank/HSBC, rated by S&P “AA” or better
Amount: One hundred Million - Fifty Billion EUR/USD$(100M – 50B)
Buying Price: Forty Two (42%) Percent of the Face Value.
Brokers fee: Two (2 %) Percent of the Face Value
(1% to Buyer’s Brokers and 1% to Seller’s Brokers)
First Tranche 100 Million or 500 Million
Subsequent tranches As per tranching schedule
Delivery: Issuing bank send RWA by fax, Buyer’s bank send ICBPO of 42% fee and 2% commission by Swift MT799 to seller‘s provided bank first, seller confirm ICBPO by Swift, seller deliver instrument by Swift MT799 followed by MT760.
Hard copy of Instrument will be delivered to Seller’s Bank via Bank Bonded courier within 7 banking days after receipt and authentication of payment.
Payment: Within 5 banking days after receipt and authentication of Swift MT760, Buyer’s bank will release payment to Seller’s bank in accordance with terms and conditions in ICBPO and immediately Seller’s bank will pay brokers their fees in full in accordance with terms and conditions in IFPA.
TRANSACTION PROCEDURES
1. Buyer submits LOI with full banking coordinates, CIS, passport, Non-Solicitation, Corporate Resolution (if applicable) and IFPA with text of the MT799 and MT760 for BG/SBLC Format from his bank and bank statement/POF to show capability to pay for purchase price.
2. Seller completes due diligence.
3. Once due diligence is complete, the seller countersigns the LOI with full banking and email to buyer.
4. Seller bank sends RWA by Security fax to buyer bank.(Please see Exhibit “A“ for verbiage)
5. Buyer send ICBPO of 42%+2% Brokers fee by swift MT799 to seller‘s provided bank account with sellers verbiage.(Please see Exhibit “B“ for verbiage).
6. Seller bank confirm ICBPO ,Seller send swift MT799 (Please see Exhibit “C“ for verbiage) followed by MT760 (Please see Exhibit “D“ for verbiage).
7. Seller give buyer 5 banking days to pay the 44% Face Value of the Instrument. Seller pay brokers fees in full in accordance with the Signed Irrevocable Fee Protection Agreement (IFPA) immediately upon receipt of payment from the Buyer.
8. After that seller bank send the hard copy of the instrument by bonded courier
9. Any unauthorized calls by any party or its representative lawyers to probes or communication in an improper way to bank(s) in this transaction shall be prohibited and contract terminated.
BUYERS ONLY NEED CONTACT ME IF THEY CAN SHOW POF OF FIRST TRENCHE...CANTACT ME ON SKYPE martin.hulme5