LEASED SBLC/BG - NO UPFRONT FEE - 11%+2% Ref.: #111620L

STRICTLY BANK TO BANK TRANSACTION : 

  1. No changes to Procedure or application requirements.
    1. Paying bank must meet Providers approval: PROVIDER WILL ADVISE IF THE BANK IS ACCEPTABLE AFTER HE RECEIVES THE FULL SET OF DOCUMENTS. Do not ask us to confim the bank acceptability without these documents.
      * Mainland China banks are NOT accepted.
      ** Once you demonstrate that there is genuine interest, we may send you a sample DOA.
      *** Minimum SBLC/BG contract value is 10MM.
  2. Once the paying bank and the client is approved we will send you the DOA for your client.
  3. BCL from the Bank of the client signed by 2 bank officers confirming that they are Ready, Willing & AbleTu  to Issue the Swift 799 (BPU) as they get  the swift MT799 from the bank of the Provider.  The BCL or POF must be part of the application. 
  4. POL (Proof of life) must be part of the application and must be provided.
  5. Any incomplete applications, special requests etc. will not be considered.
  6. If any of the procedure or terms are not suitable to the applicant, please DO NOT APPLY and don't ask us for changes. 
  7. The commission structure is fixed and also not negotiable. There is no flexibility on the Lessors part.
  • Minimum Contract Value = 10 Million USD/€
  • Minimum Tranche Size = 10 Million USD/€
  • Commission to Introducing Agent = 0.50%

Bank to Bank Transaction Procedure:
(Please read carefully)

REQUESTING THE DOA
THE LESSEE SENDS TO THE PROVIDER THIS LOI/DOA WITH ALL DOCUMENTS FOR DUE DILIGENCE AND COMPLIANCE (CIS, Certificate of Incorporation, Board Resolution, Bank RWA (BCL OR POF), etc ... AND WITHIN 48 HOURS PROVIDER CONFIRMS THE DUE DILIGENCE .

TRANSACTION PROCEDURE:  LEASING

  1. THE LESSEE SEND TO THE PROVIDER THIS LOI/DOA WITH ALL DOCUMENTS FOR DUE DILIGENCE AND COMPLIANCE (CIS, CERTIFICATE OF INCORPORATION, BOARD RESOLUTION, BANK RWA (BCL OR POF), ETC ... AND WITHIN 48 HOURS PROVIDER CONFIRMS THE DUE DILIGENCE.
  1. WITHIN FIVE (5) BANKING DAYS, RECEIVING BANK OF THE LESSEE WILL ISSUE RWA VIA SECURE BANK E-MAIL OR SWIFT MT199/799 (EXHIBIT A) TO THE DESIGNED BANK BY THE PROVIDER AND SEND COURTESY COPY SWIFT MESSAGE TO THE PROVIDER WITHIN TWENTY-FOUR (24) BANKING HOURS.

                                                          BANK: (PROVIDER’S COMPLIANCE BANK)
                                                          BANK E-MAIL:
                                                          BANK OFFICER:

ONCE RECEIVED THE BANKING E-AMIL, AND VERIFIED BY PROVIDER’S COMPLIANCE BANK, PROVIDER COUNTER SIGN THE DOA AND RETURN TO LESSEE, WHICH HEREBY AUTOMATICALLY BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AFTER THE PROVIDER HAS ACCEPTED / COUNTERSIGNED THE RECEIVER’S APPLICATION.

  1. WITHIN FIVE (5) BANKING DAYS, THE ISSUING BANK OF THE PROVIDER WILL ISSUE AN MT-799 PRE-ADVICE (EXHIBIT B) CONFIRMING THAT THEY ARE READY, WILLING AND ABLE TO ISSUE AS PER THE FORMAT SET OUT IN EXHIBIT D. PROVIDER SENDS COPY OF THE MT-799 PRE-ADVICE TO THE BENEFICIARY/LESSEE WITHIN TWENTY-FOUR (24) BANKING HOURS.
  1. WITHIN FIVE (5) BANKING DAYS OF THE RECEIPT OF THE PROVIDER’S MT-799 PRE-ADVICE, THE RECEIVING BANK WILL SEND BY SWIFT MT-799 THE BPU (EXHIBIT C) CONFIRMING RECEIPT AND ABILITY TO PAY THE TOTAL AMOUNT UP TO 13% (11% + 2%) OF THE TOTAL FACE THE INSTRUMENT WHICH WILL INCLUDE ALL CONSULTANCY FEES.
  1. WITHIN FIVE (5) BANKING DAYS OF PROVIDER RECEIVING BPU FROM THE RECEIVING BANK, ISSUING BANK SHALL ISSUE SWIFT MT-760 (EXHIBIT D) & PROVIDER WILL SIMULTANEOUSLY ISSUE ITS CORPORATE INVOICE FOR THE SAME.
  1. THE RECEIVING BANK WILL RECEIVE, CONFIRM AND VERIFY THE SWIFT MT-760 SBLC. THE RECEIVER, WITHIN TEN (10) BANKING DAYS OF MT760 RECEPTION, WILL REMIT PAYMENT TO THE PROVIDER’S DESIGNATED ACCOUNT(S) THE ASSIGNEMENT FEES AND THE CONSULTANCY FESS TO THE INTERMEDIARIES’ DESIGNATED ACCOUNT(S).
  1. SHOULD THE BENEFICIARY/LESSEE DEFAULT IN PAYING THE LEASE FEES AND THE TRANSACTION FEES AS STIPULATED IN THIS DOA WITHIN THE STIPULATED TIME AFTER RECEIPT OF SWIFT MT-760, PROVIDER SHALL INSTRUCT THE ISSUING BANK TO PUT A CLAIM ON THE SBLC THEREBY FORCING THE RECEIVING BANK TO RETURN THE SWIFT MT-760 SBLC TO THE ISSUING BANK.
  1. WITHIN TEN (10) BANKING DAYS AFTER RECEIPT OF ALL FEES INCLUDING THE CONSULTANCY FEES, THE HARD COPY OF THE SBLC WILL BE SENT TO RECEIVING BANK BY BANK-BONDED COURIER.
  1. UPON SUCCESSFUL COMPLETION FIRST TRANCHE, AS MUTUALLY AGREED BY BOTH PARTIES, BEGINNING WITH PROCEDURE NEXT TRANCHES; PROVIDER WILL ISSUE SWIFT MT760 IN FAVOR OF BENEFICIARY ACCORDING THIS DOA.
  1. THIS DOA IS A FULL RECOURSE COMMERCIAL COMMITMENT GOVERNED BY THE LAW OF THE UNITED KINGDOM AND STANDARDS UNDER ICC REGULATION.

Office Hours:
Monday - Friday 04:00 - 15:45
Saturday 04:00 - 08:30
Sunday - CLOSED

This page is current. Sunday-18-April-2021

 

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