Procedere-english-BG

By Knut 10 Monaten ago

Procedures and Requirements

Firstly, in order to progress a facility, we will need to receive a completed Client Information Sheet. 

1. Once we receive your information it will be immediately acknowledged. As we are required by law to undertake a due diligence and identification verification, our compliance department will carry forward your application to offer our providers the initial acceptance of the application.

2. After positive due diligence, we are preparing the deed of Agreement (DOA). Sender and Receiver execute, sign and initial the DOA.

3. Within 3 days after both parties sign the Agreement, Buyer receives the signed Agreement together with an invoice. Buyer makes payment for the Liquidation and auditor’s bank handling charges before the bank will send swift MT799 and MT760.

4. Within 24hrs of buyer receiving the copy of the invoice with undertaking letter, buyer pays the Liquidation and auditors bank handling charges and sends wire transfer copy to us.

Payment Step 1

DEPOSITORY OF BLOCK FUND FRESH CUT BG/SBLC FEE AND EXTERNAL AUDITORS’ FEES FOR SWIFT HARMONIZATION TO SEND MT799 AND MT760:

 

1 M to 50 M     from     25,000.00 EURO / USD up
51 M to 100 M     from   60,000.00 EURO / USD up
101 M to 250 M       from   90,000.00 EURO / USD up
251 M to 500 M from  120,000.00 EURO / USD up
501 M to 1 B   from 200,000.00 EURO / USD up
1B and above (in Tranches of 1B each) 500,000.00 EURO / USD für jede Tranche von jeweils 1B
Liquidation / external auditors’ fees for 500M  and above is negotiable

5. Receiver pays the commission in the amount of 1% to our account as a deposit.

Payment Step 2

1% Commission as a deposit 

6. Within 3 banking days after confirmation of the Liquidation and auditors’ bank handling charges and the commission as a deposit, we instruct the bank to swift MT799 and MT760, to buyer’s bank.

7. The bank sends the first swift MT799 the following day the bank sends swift MT760 to buyer’s bank coordinate. We send copies of the swift MT799 and MT760 to buyer for his / her confirmation, within 7 days the bank sends the hard copy of the BG / SBLC to buyer’s bank by bonded courier; within 7 days buyer’s bank confirms the hard copy.

Buyer pays the brokers their fees (Done as a deposit in advance)

Payment Step 3

Within 15 banking days the buyer send the Provider his fee by MT103 for his payment:
6% Bank Aval
1% Commission

8. After 15 banking days Provider will refund back to buyer the Liquidation and Auditors bank handling charges to buyers provided account.

Should buyer default to pay according to as agreed in the agreement, we will instruct the issuing bank to put a claim on the BG / SBLC and thereby forcing the buyer’s bank to return the BG / SBLC by swift MT760 to the issuing bank.

It is recommended that a period of 14 bank days is allowed for completion of the above transactional procedures. It is possible to achieve faster completion times with the full co-operation of all parties and all available documents.

We welcome any enquiries or questions. We feel it is necessary for our clients to fully understand all elements of facility before applying.

When we have received your CIS form, one of our Managers will contact you and direct you through the entire process. We look forward to meeting with you very soon.

 

It is recommended that a period of 14 bank days is allowed for completion of the above transactional procedures. It is possible to achieve faster completion times with the full co-operation of all parties and all available documents.

We welcome any enquiries or questions. We feel it is necessary for our clients to fully understand all elements of facility before applying.

When we have received your CIS form, one of our Managers will contact you and direct you through the entire process. We look forward to meeting with you very soon.

 

Bank Guarantee Warning Signs…. BEWARE!

Homeless people buying, owning, leasing, renting or monetizing Bank Guarantees is never going to happen! Despite this every day we get contacted by so many people who are under the false illusion that they can own or lease a BG/SBLC free of charge without spending any money. They want the Funder or provider to pay all expenses so they can do a deal for FREE, taking no risk, investing none of their own money and having no liability. Those types of deals do not exist in the real world, if they did there wont be any poor man in the world today.

 TO AVOID WASTE OF YOUR TIME AND OURS, PLEASE NOTE THAT WE WORK ACCORDING TO OUR TERMS AND PROCEDURES AND NOT ACCORDING TO CLIENTS TERMS OR PROCEDURES
Categories:
  Bankdokumente, Englisch, Finanzen