Offer for lease BG from a real provider (211114 1144)
BANK INSTRUMENT PARTICULARS
Instrument: Cash Backed Bank Guarantee (Standard ICC format)
Bank Menu: HSBC London
Amount: EUR / USD 100M-500M , First Tranche: EUR 100M
Initial Deposit: $400,000
Invoice Price: (8% Percent of the Face Value less the Initial Deposit Paid)
Intermediary Fees: (2%) of Face Value
Delivery: SWIFT MT-760. Hard copy via Bank Bonded courier within 7 days
Payment: MT 103 within 10 banking days after receipt of SWIFT MT-760.
TRANSACTION PROCEDURES
1. Provider and Beneficiary execute, sign and initiate LOI / MOU
2. Provider issues a Corporate Invoice and Refundable Undertaking Letter .
3. Beneficiary within two (2)banking days sends swift transmission/portfolio reservation cost of EUR 400,000 by wire transfer to the Providers bank.
4. Within (3) banking days after the Providers Bank has received reservation cost, Provider will instruct his issuing bank to cut the Bank Guarantee for the Beneficiary and schedule it delivery to the Beneficiaries Bank.
5. Within ten (10) banking days Provider’s issuing bank then issues and sends a Pre-Advice Notification via swift MT799 to Beneficiaries designated bank receiving account.(Provider shall provide a copy of said MT799 to the Beneficiary by e-mail).
6. When the Beneficiaries bank has replied to the MT799 by SWIFT, the Providers issuing bank sends the BG via swift MT760
7. The Beneficiaries bank pays for the BG 10+2% within Ten (10) banking days.
8. Providers bank, within three (3) banking days of receipt of full Invoice payment for the Bank Guarantee, sends the hard copy of original BG.
Note:
1. To receive BG without payment in advance is impossible because world banks do not send BG free of charge.
2. At request of the beneficiary the povider sends a copy of the document which confirms his past performance.
3. The beneficiary can insure the deposit of EUR 400,000 against loss.
JSC Anvikta Ltd., Vilnius. E-mail:
[email protected]Skype: anvikta
