TRANSACTION PROCEDURE:
1. PARTIES SHALL EXECUTE, SIGN AND THE DEED OF AGREEMENT.
FIRST TRANCHE FACE VALUE:
EURO 20 - 49.5 MILLION OR OTHER (DEPENDING ON THE CAPABILITY OF THE RECEIVER)
2. AFTER RECEIVING FROM RECEIVER THE OFFICIAL CONFIRMATION (BANK RWA) TO INITIATE THE TRANSACTION, WITHIN 3 BANKING DAYS, ISSUER WILL SEND FIRST TRANCHE OF THE CASH BACKED SWIFT MT103, SPP PROTOCOL (manual funds loading ).
THE SWIFT WILL COME (IT WILL NOT BE ROUTED THROUGH ANY CORRESPONDENT BANKS – ALL SWIFT DATA WILL BE MANIFESTED AT EUROPEAN CENTRAL SWIFT CENTER IN BRUSSEL) IN FAVOR RECEIVING BANK WITH ALL THE CLEARANCES.
3. MANUAL TRACKING, DOWNLOAD & CREDITING BY BANK SWIFT DEPARTMENT
3.1 ISSUER WOULD PROVIDE THE 103 COPY WITH RECEIPT & ALL NUMBERS & INPUT DETAILS
3.2 RECEIVING BANK SHALL DOWNLOAD FUNDS TO THE CLIENT ACCOUNT UNDER THE PROCEDURE BELOW: