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Posted by
worldwidefunder (Thursday, January 28, 2010) LEASE SEASONED BG 1BILLION WITH ROLLOVERS AND EXTENSIONS |
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8+2% LEASE SEASONED BG 1BILLION WITH ROLLOVERS AND EXTENTIONS
INSTRUMENT DESCRIPTION
TYPE OF INSTRUMENT: bank Guarantee [BG]/ Standby Letter Of credit [SBLC Amount : Euros 1 Billion [ONE Billion] First Trench : Euros 500 Billion [Five Hundred Million Euros] Lease Fee : 8% [Eight Percent]
Commission : 2% [Two Percent]
Issuing Bank : Deutsche Bank AG
ISIN Number : DE OO3933693
Common Code : 020247975
PROCEDURE WITHOUT PRE-ADVICE:
3.1.SSIGNATURE. Borrower signs the Agreement and sends it to his Agent with his LOI, CIS, Corporate Resolution and color copy of Passport then Lender shall countersign this Agreement, which shall become a formal and enforceable Agreement between both parties. 3.2.CONDITIONAL PAYMENT. Within Three (3) Banking Days of signing Lease Agreement, Borrower shall provide payment of the lease fee by conditional MT-103/23 covering total 10% of face value of the Bank Instrument into the Lender’s Bank account subject to the delivery of the swift MT-760 of the instrument within Three (3) banking days and provide payment of the commissions fees by conditional MT-103/23 covering 2% of face value of the Bank Instrument to the Lender’s agent Bank Account (Agent’s fees mode of payment are negotiable). 3.3.SWIFT DELIVERY. Within Three (3) banking days after confirmation of receipt of the above conditional SWIFT MT-103/23 Lender shall cause the Bank Instrument issuing Bank to deliver the Bank Instrument via Bank-to-Bank confirmation of SWIFT MT-760 to Borrower’s designated Bank. 3.4.SWIFT PAYMENT. Within Eight (8) banking hours of confirmation of the swift MT-760 of the Bank Instrument at Borrower’s receiving Bank, Borrower’s Bank shall uplift the condition field 23 of the SWIFT MT-103/23 after satisfactory verification and authentication of the Bank Instrument SWIFT MT-760 and pays the leasing fee to Lender and the commission fees to brokers. 3.5.HARD COPY. Within Five (5) banking days after complete payment of fees and commissions the Bank Instrument hard copy is sent to Borrower's Bank by bounded courier. 3.6.CLAIM IF NO PAYMENT. Should Lessee default to pay the leasing fees to the lessor or the brokers commission fees as agreed after 7 banking days of confirmation of Bank Instrument MT-760 in lessee’s Bank account, Lessor will instruct the issuing Bank to put a claim on the Bank Instrument thereby forcing the Lessee's bankers to return the Bank Instrument MT-760 to the issuing Bank. PROCEDURES WITH PRE-ADVICE:
3.1.SIGNATURE. Borrower signs the Agreement and sends it to his Agent with his LOI, CIS, Corporate Resolution and color copy of Passport then Lender shall countersign this Agreement, which shall become a formal and enforceable Agreement between both parties. 3.2.POF OR 30K€ PAYMENT. Within Three (3) banking days, Borrower will send a Proof of Funds to the Lender (see Appendix-D). This POF must cover the payment of THE LEASE charges OF 10%. Another option if the Borrower prefers not to send his POF is to make a payment of Euro Thirty Thousand (€30,000.oo) by wire transfer into the Lender's designated Bank account. 3.3.PRE-ADVICE. Within Three (3) banking days after confirmation of receipt of the above POF, the Lender shall cause the issuing Bank to deliver the Bank Instrument Pre-advice via Bank-to-Bank confirmation of SWIFT MT-799 to the Borrower's designated receiving Bank. 3.4.CONDITIONAL PAYMENT. Within Three (3) banking days after confirmation of receipt of the above Bank Instrument Pre-advice SWIFT MT-799 Borrower shall cause its Bank to issue the conditional SWIFT MT-103/23 in favor of Lender for the payment of the agreed leasing fees equivalent to Six (10%) Percent of the FFV of the Bank Instrument subject to the delivery of the SWIFT MT-760 and provide payment of the commissions fees by conditional MT-103/23 covering three (2%) Percent of FFV of the Bank Instrument to the Lender’s agent Bank Account (Agent’s fees mode of payment are negotiable). 3.5.SWIFT DELIVERY. Within Three (3) banking days after confirmation of receipt of the above conditional SWIFT MT-103/23 Lender shall cause the SBLC issuing Bank to deliver the SBLC via Bank-to-Bank confirmation of SWIFT MT-760 to Borrower’s designated Bank. 3.6.SWIFT PAYMENT. Within Eight (8) banking hours Borrower’s Bank shall uplift the condition field 23 of the SWIFT MT-103/23 after satisfactory verification and authentication of the SBLC SWIFT MT-760 and pays Lender the leasing fee and the commission fees to brokers. 3.7.HARD COPY. Within Five (5) banking days after complete payment of fees and commissions the Bank Instrument hard copy is sent to Borrower's Bank by bounded courier. 3.8.CLAIM IF NO PAYMENT. Should Lessee default to pay the leasing fees to the lessor or the brokers commission fees as agreed after 7 banking days of confirmation of Bank Instrument MT-760 in lessee’s Bank account, Lessor will instruct the issuing Bank to put a claim on the BG/SBLC thereby forcing the Lessee's bankers to return the Bank Instrument MT-760 to the issuing Bank. Contact us at: ecapital_consultants@yahoo.com |
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