Dear Respected Gentleman XXX, We thank you for your esteemed email requesting for our service, i receive your mail and all the content of your mail is well noted and understood. Our price for purchase BG/SBLC is 40%+2 while lease BG/SBLC is 6%+2. Our issuing bank are HSBC and BARCLAY'S bank London etc. Our minimum amount of instrument we can give out is 100 million, while maximum is 500 million. our procedure is bellow, if accepted, i will send you providers DOA so we can proceed.
PROCEDURE
1) SENDER and RECEIVER execute, sign and initial a Deed of Agreement which thereby automatically becomes a full commercial recourse contract after RECEIVER’S application have been accepted.
2) After signing the agreement and simultaneously with the return of the agreement to the RECEIVER. Along with the corporate invoice for making the commitment fee of euro 30,000 which will be deducted from the 6%+2 of the leasing fee or 40%+2 purchase fee, to be transferable unconditionally to the sender’s nominated account.
3) Within (48) hours PROVIDER shall send Swift MT799 Pre-advice to RECEIVER’S nominated receiving Bank and request BENEFICIARY’S Receiving Bank to confirm their readiness to receive the SWIFT MT760 . (PROVIDER shall make a courtesy copy of the swift MT799 available to RECEIVER by email).
4) Within (72) hours of the BENEFICIARY bank receipt of the SENDER swift MT799 pre advice and after its successful verification, Receiver will instruct to BENEFICIARY to make a payment of €200,000.00 EUROS or more via wire transfer for the SWIFT TRANSMISSION/PORTFOLIO RESERVATION COST directly into the provider nominated bank account(s) to cover and guarantee the delivery of the swift MT760.
5) At the same time The Receiver will instruct to BENEFICIARY issue for the remaining amount ICBPO/PAYMENT GUARANTEE including 2% commission BY MT 799 valid for 15 days as per Annex-,
6) Within (48) hours upon receipt and confirmation of ICBPO and €200,000.00 EUROS SWIFT TRANSMISSION/PORTFOLIO RESERVATION COST (for the instrument value euro 500M) and the ICBPO, by the provider, the issuing bank will issue the SWIFT MT760 to the BENEFICIARY’S Receiving Bank. Sender will provide the copy to the Receiver for tracking.
7) Within five (5) banking days, BENEFICIARY bank will confirm the swift MT760 and release the 6% collateral payment fee (After deducting €200,000.00 EUROS) by Swift MT103 bank wire transfer directly to the PROVIDER nominated bank account and confirm satisfaction to PROVIDER bank marking it the conclusion of the transaction or first tranche.
Simultaneously, the BENEFICIARY shall effect commission payment to all the identified intermediaries according to the Fee Protection Agreement attached without delay or withholding, including all rolls and extensions.
9) The Hard copies of the Bank Guarantee shall be dispatched for delivery via Bank Bonded Courier to Client’s Bank within seven (7) banking days after payment being received by Provider’s Bank.
10) Upon successful completion of Tranche No. 1, within seven (7) banking days or mutually agreed by both parties, beginning with Procedure #3, #4, #5, #6, #7, #8, #9 & #10 will be repeated; Provider will issue and deliver the BG/SBLCs in favor of Client, according to the Agreement, and Client will make further payment of Collateral Fees and Commission Fees until all tranches are completely exhausted.
11) Should Beneficiary default to pay the collateral fees to the PROVIDER and the Agents fees as agreed after 7 banking days of confirmation of BG/SBLC’S MT 760 in beneficiary’s bank account, PROVIDER will instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the beneficiaries bankers to return the BG/SBLC’S MT 760 to the issuing Bank.
12) Sender has no objection for the DOA signed between the Receiver and the Beneficiary as per their mutual understanding to this transaction.
13) This private collateral transaction for bank instruments done in between three parties shall not be construed as a security transaction described in the United States Securities Act of 1934 as amended or by the laws of any other nation.
