Circular letter 9/2016 dated July 10, 2016
 
 

LOWEST LEASE RATE, 6+2+2 FOR NO UPFRONT, BANK TO BANK, PROCEDURE

 

GET BG OR SBLC ON LEASE BY PROVIDING POF BY MT799 AT 6% FROM ANY BANK

 

 

PURCHASE IS POSSIBLE BY PROVIDING MT799 OF 40%,

  

 

BUT MT799 SHOULD BE FROM TOP EUROPEAN BANK IN CASE OF PURCHASE 

 

 
 
 

BANK INSTRUMENT DESCRIPTION:

ADDITIONAL 2% COMMISSION AGREEMENT REQUIRED
 
As the Lease and Purchase prices are very cheap, 6+2 and 40+2, I have added a separate 2% Additional Commission Agreement direct with the client, as Provider does not allow more than 2% out of which 1.33% is taken out by Mandate and his colleague and myself and Buyer Mandate are left with 0.33% and O34% only. We are not here for any voluntary social service. While the client is paying 6+2=8% only and getting benefit of free money of 92% from his bank or the Monetizer against the collateral of our 100% BG by client's investment of 8% only. while he is getting financed for 92% collateral provided through us, without any investment for this 92%,  why should we not be entitled to extra 2% commission for myself and for the Buyer Mandate, if any?

 

 

INSTRUMENT 

: 

LEASED BANK GUARANTEE, CASH BACKED, ICC 458 OR 758 FORMAT 

TYPE

:

OPERATIVE, IRREVOCABLE, ASSIGNABLE AND CONFIRMED

TERM 

:

ONE YEAR AND ONE DAY 

ISSUING BANK 

:

DEUTSCHE, BARCLAYS, BARCLAYS CREDIT SUISSE OR OTHER S&P RATED AAA WEB 

CONTRACT AMOUNT

:

MINIMUM EUR 50M UP TO EUR 50B, WITH ROLLS AND EXTENSIONS

FIRST TRANCHE 

:

50M TO 500M

SECOND TRANCHE

:

AS  AGREED BY BOTH PARTIES (REFER TO PROPOSED TRANCHE SCHEDULE)

CURRENCY 

:

EUR 

FUNDING RATE 

:

6% + 2% + 2% COMMISSION

PAYMENT 

:

POF MT799 FOLLOWED BY MT103 

DELIVERY MODE

:

SWIFT M7760 & ORIGINAL HARD COPY BY BANK BONDED COURIER 

 

 

 

TRANSACTION PROCEDURES 

 

1)  

PARTY B SUBMITS TO PARTY A THIS SIGNED AGREEMENT, TOGETHER WITH CLIENT INFORMATION SHEET, CORPORATE BOARD RESOLUTION, NON-SOLICITATION LETTER, SIGNATORY'S PASSPORT COPY, CORPORATE REGISTRATION AND THE IRREVOCABLE MASTER FEE PROTECTION AGREEMENT AND PAY ORDER. 

 

2)

AFTER COMPLETED DUE DILIGENCE, PARTY A COUNTERSIGNS THIS AGREEMENT AND IT THUS BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AND RETURNS IT TO PARTY B, ALONG WITH PARTY A’S FULL BANKING COORDINATES TO THE PARTY B TO SEND POF MT799 OF 6% FACE VALUE, AND THE SIGNATORY’S PASSPORT COPY. BOTH PARTIES SHALL LODGE THIS AGREEMENT WITH THEIR RESPECTIVE BANKS. ALSO, PARTY A WILL ISSUE AN INDEMNITY REFUNDABLE & UNDERTAKING LETTER. TO THE PARTY B TO GUARANTEE THE DELIVERY OF LEASED BG OR RETUTN THE SWIFT FEE TO THE BUYER.

 

3)

WITHIN TWO (2) BANKING DAYS UPON RECEIVED PARTY A’S COUNTER SIGNED LOI WITH INDEMNITY REFUNDABLE & UNDERTAKING LETTER AND BANKING COORDINATES, PARTY B WILL SEND AGREED POF VIA MT799 OF 6% FACE VALUE TO PARTY A’S DESIGNATED RECEIVING ACCOUNT. (PARTY B SHALL PROVIDE A COPY OF SENT SWIFT MT799  TO PARTY A FOR TRACING). POF MT799 WILL HAVE A FOLLOWING FORMAT:

 

APPENDIX A

 

WE, BANK   LOCATED AT ……………., CONTRACT NO.  ----HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY THAT OUR CLIENT ……………..HAS ON DEPOSIT WITH OUR BANK UNDER THEIR SOLE AUTHORITY AND SIGNATURE IN ACCOUNT No………….   FUNDS TOTALLING THE SUM OF …………… MILLION EUROS (€ ……….,000,000.00); 

  

THESE FUNDS ARE CLEAN, CLEARED, OF NON-CRIMINAL ORIGIN AND ARE FREE OF ANY LIENS AND ENCUMBRANCES AND ARE AVAILABLE TO THE CLIENT WITHOUT ANY RESTRICTIONS. 

FURTHER THIS LETTER CONFIRMS THAT WE HAVE PLACED AN ADMINISTRATIVE BLOCK ON THESE FUNDS IN FAVOR OF ..................... FOR A PERIOD OF 30 DAYS, AND VERIFY THAT THE FUNDS WILL REMAIN UNENCUMBERED DURING THIS PERIOD. 

THIS INSTRUMENT IS VERIFIABLE & CONFIRMABLE BY RESPONSIBLE BANK INQUIRY.

 

THESE FUNDS HAVE BEEN RESERVED AND BLOCKED FOR THE SOLE AND EXCLUSIVE BENEFIT OF .............. WITH ACCOUNT NUMBER………., THIS MT799 BLOCKED FUND IS IRREVOCABLE, TRANSFERABLE AND IS SUBJECT TO THE UNIFORM COMMERCIAL ICC CODE 600 AS IT PERTAINS TO SUCH BANK CREDITS INSTRUMENTS. 

FOR AND ON BEHALF OF …… 

 

    BANK OFFICER                         BANK OFFICER NAME 

    TITLE /PIN CODE                      TITLE/ PINCODE             

                                                                             ___________________                  _________________ 

 

 

4)

WITHIN THREE (3) BANKING DAYS AFTER RECEIVED ABOVE POF VIA MT799 OF 6% FACE VALUE, PARTY A SHOULD INSTRUCT ITS ISSUING BANK TO SEND TO PARTY B’S DESIGNATED BANK RECEIVING ACCOUNT WITH FULL BANK RESPONSIBILITY, A LEASED BG BY SWIFT MT-760 (PARTY A SHALL PROVIDE A COPY OF SAID MT760 TO PARTY B FOR TRACING). 

 

5)

WITHIN THREE (3) BANKING DAYS AFTER CONFIRMATION OF THE ABOVE MT760, PARTY B’S PAYING BANK SHALL RELEASE THE AGREED FUNDS TO PARTY A’S DESIGNATED ACCOUNT VIA UNCONDITIONAL MT103 PAYMENT, AND SIMULTANEOUSLY PARTY B PAYS THE CONSULTING FEES PER EACH TRANCHE TO THE CONSULTANTS AS PER THE RELEVANT IRREVOCABLE MASTER FEE PROTECTION AGREEMENT & IRREVOCABLE CORPORATE PAYMENT ORDER.

 

6)

WITHIN SEVEN (7) BANKING DAYS OF RECEIPT OF AGREED PAYMENTS, PARTY AS BANK SHALL SEND THE LEASED BG HARD COPY ORIGINAL TO PARTY BS DESIGNATED BANK RECEIVING ACCOUNT BY BANK BONDED COURIER. 

 

8)

ALL SUBSEQUENT TRANCHES WILL BE BASED ON THE SAME PROCEDURES OR AGREED BY BOTH PARTIES, UNTIL COLLATERAL OR FUNDS BECOME EXHAUSTED. 

 

 

9)

ANY UNAUTHORIZED BANK CALLS, PROBES OR COMMUNICATIONS, OR AN IMPROPER SOLICITATION OR DISCLOSURE INVOLVING ANY OF THE BANKS CONCERNED IN THIS TRANSACTION WILL RESULT IMMEDIATE CANCELLATION OF THIS TRANSACTION AND SUBJECT THE VIOLATING PARTY TO DAMAGES.