DESCRIPTION OF INSTRUMENT
Instruments Bank Draft
Currency: EURO
Bank Menu BARCLAYS BANK
Age (Term) ONE (1) YEAR AND ONE (1) DAY
Interest Rate Zero Percent (0%)
Agreement Amount 500,000,000.00 EUR (FIVE HUNDRED MILLION EURO)
First Tranche 500,000,000.00 EUR (FIVE HUNDRED MILLION EURO)
Denomination To be agreed
Price Totally 62% (Sixty Two Percent)
Invoice Price 60+2% (Sixty Two Percent)
Consultant Fee 1% + 1% (Two Percent) as per IMFPA payable by the “BUYER”
Transaction Mode 1. PROVIDER/SELLER’S SWIFT MT-110
2. BUYER / RECEIVER:BANKING SWIFT MT-799/ ICBPO/BPU (AMOUNT XX% OF FACE VALUE)
3. PROVIDER / SELLER’S BANK DRAFT DELIVERY VIA BANK BONDED COURIER
4. BUYER / RECEIVER: PAYMENT SWIFT MT-103 (AMOUNT XX% OF FACE VALUE)
Payment SWIFT Unconditional MT-103
Delivery Mode MT110 & Original BANK DRAFT Hard Copy by Bank Bonded Courier
TRANSACTION PROCEDURES
1. THE PROVIDER / SELLER SHALL SEND THE DEED OF AGREEMENT (DOA) TO THE BUYER VIA EMAIL.
2. AFTER PROVIDER / SELLER AND BUYER/RECEIVER: COMPLETELY SIGN AND SEND THE DOA INCLUDING BANK DRAFT RECEIVING FULL BANKING COORDINATES, COMPANY’S CERTIFICATE OF INCORPORATION, COMPANY’S CORPORATE RESOLUTION, AND INTERNATIONAL PASSPORT COPY.
3. WITHIN THREE(3) BANKING DAYS, THE PROVIDER / SELLER SEND SOFT COPY OF THE BANK DRAFT TO PARTY B TO CHECK.
4. WITHIN 48 HOURS, PARTY B WILL SEND THE TRANSMISSION FEE OF THE SWIFT MT 110 TO PROVIDER BANK AS INVOICE FOR THE FEE.
5. ISSUE SWIFT MT-110 TO THE BUYER RECEIVER BANK. AND SHALL SEND TO THE BUYER/RECEIVER EMAIL TO s.s.laa2010@gmail.com
6. WITHIN THREE(3) BANKING DAYS, AFTER VERIFICATION AND AUTHENTICATION OF THE SWIFT MT-110, THE BUYER/RECEIVER BANK SHALL SEND THE BANK PAYMENT LOAN GURANTEE VIA SWIFT MT-799 ICBPO/BPU TO THE PROVIDER / SELLER’S
7. WITHIN THREE (3) BANKING DAYS, AFTER VERIFIES AND AUTHENTICATE PAYMENT GURANTEE, THE PROVIDER / SELLER’S BANK WILL SEND THE BANK INSTRUMENT HARD COPY WILL BE FOLLOWED BY BANK BONDED COURIER WITH IN THREE (3) BANKING DAYS.
8. WITHIN TWO (2) BANKING DAYS, THE BUYER/RECEIVER: SHALL RELEASE THE PAYMENT TO THE BUYER/RECEIVER: VIA SWIFT MT-103 UNCONDITION AND CONCURRENTLY PAY CONSULTANTS COMMISSION.
9. ANY UNAUTHORIZED CALLS BY ANY PARTY OR ITS REPRESENTATIVE LAWYERS TO PROBE OR COMMUNICATE IN AN IMPROPER WAY TO BANK(S) IN THIS TRANSACTION SHALL BE PROHIBITED AND CONTRACT TERMINATED.