Standard Chartered (SCB) given approval to re-finance GSB Loan for IRIS, our head office. Therefore, I would like to check on the procedures below: -
1) In the written notice of prepayment, we need to state the date. Is that correct the date must be last day of the month ?
We target either mid May or 31 May 2014.
2) Next step after written notice of prepayment.
Would GSB will revert with the letter on your steps required and method of payment? Most important is procedure relate to point No 3 - at prepayment date to get release of security at same time.
3) When SCB prepay the GSB loan on repayment date, SCB need to get Receipt of Prepayment.
Is the attached format okay for GSB?
=> Key message in the receipt is that on prepayment date, SCB would like to get the release of all security, assignment of PEA & Phuket receipts and release of insurance assignment on the same day.
Standard Chartered (SCB) given approval to re-finance GSB Loan for IRIS, our head office. Therefore, I would like to check on the procedures below: -
1) In the written notice of prepayment, we need to state the date. Is that correct the date must be last day of the month ?
We target either mid May or 31 May 2014.
2) Next step after written notice of prepayment.
Would GSB will revert with the letter on your steps required and method of payment? Most important is procedure relate to point No 3 - at prepayment date to get release of security at same time.
3) When SCB prepay the GSB loan on repayment date, SCB need to get Receipt of Prepayment.
Is the attached format okay for GSB?
=> Key message in the receipt is that on prepayment date, SCB would like to get the release of all security, assignment of PEA & Phuket receipts and release of insurance assignment on the same day.
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