LEASE BG SBLC POF MT103

 

CREDIT ENHANCEMENT BY LEASE BG OR SBLC, MT103 AND MT799 POF

 

NEW OPTION; OCTOBER 7TH - AW

 

 

INSTRUMENTS DESCRIPTION DETAILS:

1.

Instrument Type

BG/SBLC  

2.

Total Face Value

XXX EUR/USD 100M MINIMUM

3.

Issuing Bank

HSBC/ Barclays/Credit Suisse/ Deutsche Bank

4.

Leasing Fee

6% of Full Face Value + 3% commission to be shared as specified here below.

5.

Payment

After signing and submit contract, Sender send signed contract in “PDF Format”, with instruction letter instructing his bank to proceed with swift mt799.  And after confirmation of swift mt799, Receiver will send ICBPO by swift MT199 for the value of the 6%+2% of Face Value to Sender’s Bank. Thereafter, sender will gives instruction to his bank to proceed with swift mt760.

6.

Hard Copy

Bonded Courier within 7 banking days

 

 
       

PROCEDURES:

 

1. Lessee submits to Lessor the Deed of Agreement via e-mail with compliance documents, including ATV (Exhibit 1), CIS, copy of Signatories passport, copy of company’s Certificate of Incorporation and IMFPA.

 

2. After Due Dilligence within 2 banking days Lessor countersigns the Deed of Agreement, which thereby automatically becomes a full recourse commercial contract.


3. Within 2 banking days after countersigning of the Deed of Agreement Lessor’s bank officer shall contact Lessee’s bank officer in the agreed window time for authentication of Lessee’s  ATV via phone conference.

 

4.  Within 2 banking days after verification of ATV Lessee’s bank shall send BCL via MT199 (Exhibit 2) to Lessor’s bank and within 1-24 banking hours Lessee shall send copy of the BCL MT-199 to Lessor.

 

5. Whitin next 2 banking days Lessor’s issuing bank shall send MT-799 Pre-advice (Exhibit 3) to Lessee’s bank. (Pre-Advice shall be valid for (10) Ten banking days only).  Within 1-24 banking hours, Lessor shall send copy of the MT-799 Pre-Advice to Lessee.

 

6. Within next 2 to 5 Banking days Lessee shall cause his bank to issue ICBPO by SWIFT MT199 (Exhibit 4) to Lessee's bank; with full banking RESPONSIBILITY to pay the funds in amount of 6+3% of the instrument Face Value.

 

7. Within next 2 to 5 Banking days Lessor’s issuing bank shall deliver the BG/SBLC by SWIFT MT760 (Exhibit 5)  to Lessee's bank account.

 

8. Within next 1 to 4 Banking days Lessee’s bank shall pay 6% of the instrument Vace Value to Lessor’s nominated accounts and 3% commission fees to agents as per IMFPA. 

(Should Lessee default to pay the fees to the Lessor and the Intermediaries fees as agreed on this contract within allowed number of days on confirmation of Swift MT-760, Lessor shall instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Lessee's bankers to return the BG/SBLC swift MT-760 to the issuing Bank.)

 

9. Within 7 banking days after receiving money by Lessor and agents, Hard copy of the BG/SBLC will be sent to Lessee’s bank by bank-bonded courier.

 

10. Subsiquent tranches will follow from point number 4 to point number 9 until funds and collateral have been exhausted by the both parties

 

11. Any unauthorized calls by any party or its representative lawyers to probes or communication in an improper way to bank(s) in this transaction shall be prohibited and contract terminated.

 

12. This Deed of Agreement is a full recourse commercial commitment governed by the Law of the jurisdiction that both parties reside and standards under ICC Regulation.

 

 

 


OPTION ONE [TAR/BJM/

 

Description of Instruments:

1.

Instrument:

Bank Guarantee (BG) (Appendix A)

2.

Total Face Value:

€100M Min - €10B Max.

3.

Issuing Bank:

HSBC London BARCLAYS FRANKFURT,DEUTSCHE BANK,Credit Suisse Bank

4.

Age:

One Year and One Month

5.

Leasing Price:

8% of Face Value plus 2% commission fees to brokers to be shared 50/50 between the brokers on both lessor /lessee sides

6.

Delivery

SWIFT TO SWIFT.

7.

Payment:

By Wire Transfer Payment

8..

Hard Copy:

Bonded Courier within 7 banking days.

 

 

 

Procedures


1. Lessor and Lessee execute, sign and initial this Deed of Agreement which thereby automatically becomes a full commercial recourse contract. Will submit with CIS, International Passport , Board Resolution and Tear Sheet/Bank-endorsed RWA.

2. After signing the agreement and simultaneously or latest within 3 banking days with the return of the agreement to the Lessee, Lessee will issue  MT-799 BLOCKED FUNDS to Lessor covering leasing fee and broker's commission. As POF for the fees

3. Lessor will issue, deliver and SWIFT MT760 of BG/SBLC to Lessee’s bank for authentication & verification of the BG/SBLC in favor of Lessee, not later than 72 hours of confirmation of receipt of the lessee’s, MT-799 leasing fee into the Lessor’s bank account. Lessor will cause his banker to swift copy of electronic copy of BG/SBLC to lessee bank coordinate.

4. Within 3 banking days of confirmation of the Lessor's swift MT760 of BG/SBLC at Lessee's bankers, Lessee will make payment by wire transfer of the leasing fee into the Lessor’s bank account.

5. Within 7 banking days after confirmation of receipt of payment of the leasing fees, the Lessor will deliver the hard copy of the BG/SBLC to the Lessee's bank via bank bonded courier.

 

OPTION TWO - SAM/BJM

 

 

 

INSTRUMENT

:

BANK GUARANTEE, CASH BACKED, ICC 458 FORMAT

TYPE

:

OPERATIVE, IRREVOCABLE, ASSIGNABLE AND CONFIRMED

TERM

:

ONE YEAR AND ONE DAY

ISSUING BANK

:

DEUTSCHE, BARCLAYS, BARCLAYS CREDIT SUISSE OR OTHER S&P RATED AAA WEB

CONTRACT AMOUNT

:

MIN 200M UP TO EURO 50B, WITH ROLLS AND EXTENSIONS OR LESS

FIRST TRANCHE

:

EURO 500M

SECOND TRANCHE

 

AGREED BY BOTH PARTIES (REFER TO PROPOSED TRANCHE SCHEDULE)

CURRENCY

:

EUROS

FUNDING RATE

:

7% + 2% COMMISSION

PAYMENT

:

POF  FOLLOWED BY UNCONDITIONAL MT-103

DELIVERY MODE

:

SWIFT MT760 & ORIGINAL HARD COPY BY BANK BONDED COURIER
 

 

 

 

 

 

1) 

PARTY B SUBMITS TO PARTY A THIS SIGNED AGREEMENT, TOGETHER WITH CLIENT INFORMATION SHEET, CORPORATE BOARD RESOLUTION, NON-SOLICITATION LETTER, SIGNATORY'S PASSPORT COPY, CORPORATE REGISTRATION AND THEIRREVOCABLE MASTER FEE PROTECTION AGREEMENT AND PAY ORDER.

 

2)

AFTER COMPLETED DUE DELIGENCE, PARTY A COUNTERSIGNS THIS AGREEMENT AND IT THUS BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AND RETURNS IT TO PARTY B, ALONG WITH PARTY B’S FULL BANKING COORDINATES AND THE SIGNATORY’S PASSPORT COPY. BOTH PARTIES SHALL LODGE THIS AGREEMENT WITH THEIR RESPECTIVE BANKS.

 

3)

WITHIN TWO (2) BANKING DAYS AFTER THIS AGREEMENT SIGNED PARTY B TO TRANSFER TO PARTY A’S DESIGNATED RECEIVING ACCOUNT a POF VIA MT103/23 CONDITIONAL OR ISSUE PAYMENT UNDERTAKING BY SWIFT MT799(ICBPO) OF 7% FACE VALUE BY WIRE TRANSFER TO SELLER BANK (NOTE SELLER ISSUING BANK AND RECEIVING BANK MIGHT NOT BE THE SAME BECAUSE OF OUR BANK POLICY.

 

4)

WITHIN ONE (1) BANKING DAYS PARTY B SHALL PROVIDE A COPY OF REMITTED TRANSMISSION  RECEIPT TO PARTY A FOR TRACING. WITHIN TWO (2) BANKING DAYS UPON RECEIVED THE COUNTERSIGNED LOI, PARTY B WILL REMIT POF VIA CONDITIONAL MT103-23 OR ISSUE PAYMENT UNDERTAKING BY SWIFT MT799(ICBPO) OF 7% FACE VALUE TO PARTY A’S DESIGNATED RECEIVING ACCOUNT (PARTY B SHALL PROVIDE A COPY OF REMITTED RECEIPT TO PARTY A FOR TRACING) . IF PARTY B FAIL TO ISSUE POF VIA MT103-23, ISSUE PAYMENT UNDERTAKING BY SWIFT MT799 (ICBPO) TO PROVIDER AFTER 2 BANKING DAYS OF RECEIPT OF THE COUNTERSIGNED CONTRACT, THE CONTRACT WILL BE TERMINATED. LEGAL ACTION VIA INTERPOL/FBI/ICC AND PARTY B SHALL BE CHARGED FOR FRAUD /CRIMINAL WITH PENALTY CLAUSE STIPULATED UNDER SPECIAL CONDIITION.

 

5)

WITHIN THREE (3) BANKING DAYS OF RECEIPT AND CONFIRMED OF THE ABOVE MT103-23 OR PAYMENT UNDERTAKING BY SWIFT MT799 (ICBPO) PARTY A’S ISSUING BANK THEN ISSUES AND SENDS THE BG VIA SWIFT MT799 FOLLOWED BY SWIFT MT760 {APPENDIX D} TO PARTY B‘S DESIGNATED BANK RECEIVING ACCOUNT. (PARTY A SHALL PROVIDE A COPY OF SAIDMT-760 TO PARTY B FOR TRACING). IF PARTY A FAILS TO ISSUE SWIFT MT799/MT760 WITHIN 3 BANKING DAYS OF RECEIPT OF THE POF VIA MT103-23, PAYMENT UNDERTAKING BY SWIFT MT799(ICBPO) OR EURO200M THE CONTRACT WILL BE TERMINATED. LEGAL ACTION VIA INTERPOL/FBI/ICC AND PARTY A SHALL BE CHARGED FOR FRAUD /CRIMINAL WITH PENALTY CLAUSE STIPULATED UNDER SPECIAL CONDIITION.

 

 

6)

WITHIN FIVE (5) BANKING DAYS AFTER CONFIRMATION OF THE ABOVE MT760 BG, PARTY B’S PAYING BANK SHALL RELEASETHE AGREED FUNDS TO PARTY A’S DESIGNATED BANK ACCOUNT, AND THE SIMULTANEOUSLY PAYS 2% OF FACE VALUE OF EACH TRANCHE AS CONSULTANCY FEES/COMMISSIONS TO THE CONSULTANTS, AS PER THE RELEVANT IRREVOCABLE MASTER FEE PROTECTION AGREEMENT.

 

7)

WITHIN SEVEN (7) BANKING DAYS OF RECEIPT OF AGREED PAYMENTS, PARTY A’S BANK SHALL SEND THE BG HARD COPY ORIGINAL TO PARTY B’S DESIGNATED BANK RECEIVING ACCOUNT BY BANK BONDED COURIER.

8)

ALL SUBSEQUENT TRANCHES WILL BE BASED ON THE SAME PROCEDURES OR AGREED BY BOTH PARTIES, UNTIL COLLATERAL OR FUNDS BECOME EXHAUSTED.

 

9)

ANY UNAUTHORIZED BANK CALLS, PROBES OR COMMUNICATIONS, OR AN IMPROPER SOLICITATION OR DISCLOSURE INVOLVING ANY OF THE BANKS CONCERNED IN THIS TRANSACTION WILL RESULT IMMEDIATE CANCELLATION OF THIS TRANSACTION AND SUBJECT THE VIOLATING PARTY TO DAMAGES.

 

 

 [MT103 BY KTT ONE AND TWO WAY AND POF BY MT799 ALSO AVAILABLE]

FOR THE LATEST  OFFER WITH PRE-ADVICE SEND YOUR REQUEST VIA THE ENQUIRIES PAGE

 


POF BY MT799 

DESCRIPTION OF THE INSTRUMENT(S):

Instrument:

MT799 via SWIFT Two Way.

Issuing banks:

Barclays Bank PLC and HSBC,  London.

Contract value:

€500,000,000.00 (Five Hundred Million Euros) with R&E. 

First Tranche:

€500,000,000.00 (Five Hundred Million Euros).

Profits Receiving:

18.0% (Sixteen Percents) from Instrument’s Face Value.

Consultancy fees:

4.0% (Four percent) from Instrument’s Face Value.

Payment:

Wire Transfer (TT).

Duration of payment.

Within 3 (Three) banking days upon Instrument’s verification.

 

 

PROCEDURES:

 

1. The Receiver and the Sender execute, sign and initial this Agreement with Fee Protection Agreement (FPA, Annex 3) and Parties will lodge this Agreement in their respective banks.

2. The Sender sends the Invoice to the Receiver via e-mail.

3. The Receiver accepts Sender’s Invoice and sends it copy to Sender via e-mail with IRREVOCABLE CONDITIONAL CONFIRMED PAY ORDER (ICCPO, Annex 1) within two (2) banking days.

4. The Sender shall instruct the issuing bank Officer to send a Financial Instrument (Annex 2) of the first tranche (€500,000,000.00) via SWIFT MT799 to the Receiver’s bank account within two (2) banking days upon ICСPO verification.

5. The Receiver shall cause paying bank Officer to arrange the full payment of the Profits Receiving in amount of €80,000,000.00 (Euro Eighty Million) as per Invoice and Consultancy fees in amount of €20.000,000.00 (Euro Twenty Million)  to the bank coordinates designated in FPA within three (3) banking days upon receipt and verification of Instrument’s SWIFT MT799 on interbank screen.

6. The Sender shall send a copy of Instrument’s SWIFT MT799 by email to Receiver during twenty four (24) hours since Instrument’s issuing date.

7. Sending of the subsequent Instruments shall be performed according to terms of points 2-6 of the present Procedure.

8. Should Receiver’s paying bank fails to pay twenty percent (20%) to Sender’s/Provider’s & Intermediary’s banking coordinates as agreed in point 4 after (3) days from SWIFT MT799 verification on interbank screen, Sender will instruct the issuing bank Officer to put a claim on the MT799 via SWIFT thereby resulting to a cancellation and start litigation.

 

 

 

Total payment of first batch of Profits Receiving is 16,0% (Sixteen Percent) plus Consultancy fees is 4,0% (four percents) from Instrument’s face value for total amount of €500,000,000,00 (Euro Five Hundred millions).

SEND AN ENQUIRY FOR THE LATEST OFFERS;

WE PROVIDE;

LEASED BG/SBLC; options one and two above;

FRESH CUT BG AT 40 TO 50% DEPENDENT ON PROCEDURES

MT103 SWIFT OR KTT ONE AND TWO WAY

 

FUNDING PROJECTS BY PRIVATE PLACEMENT

 

New 2012 Private Placement Trading Information

Blocked funds start from 1 million Dollars/Euros/Sterling and further information is set out below.
 
Funds should be in a top 50 or better still a top 25 European bank.  Funds remain in clients account and are blocked using a number of different blocking procedures which will be discussed with the client once the CIS has been received and they can see which bank clients funds are in.  If clients funds are not in a suitable bank they may wish to place funds into their own account with EFG private bank in Gerneva where the trading will take place and introductions can be made by the platform upon receipt of CIS and POF to assist with this.
 
I am unable to exact returns as this will be given by the trader.  In the past it has been in excess of 100% per month and also bullet trades for 2 weeks paying 100% per day have been offered.  A bullet trade can last from 5 days to 20 days. The normal program is for 40 banking weeks with funds being blocked for 1 year and 1 month.  They would normally run the 40 week program and may offer short term bullet trades throughout the program.  Returns are subject to the amount being blocked so this will be confirmed by the compliance department and larger blocked funds returning significantly more. Instruments may also be monetized however for higher amounts.
 
Funds are never placed at risk.  They are blocked in order for the trader to draw his own line of credit.  The trader will not even trade the line of credit as the buy/sell transactions for bank debt notes such as MTN's use arbitrage trading so the buy and sell takes place at the same time.  There has to be a buyer before a sale can take place.  This means the line of credit is never used and clients funds remain unecumbered and cannot be leaned upon.
 
To start proceedings the attached CIS will need to be completed and returned with proof of funds no older than 3 days by way of bank statement or tear sheet.  Compliance will take around 3 days for the contract to be issued and trading normally takes place about a week later.
 
They will require that the returns will be going towards some form of project funding rather than just for profit.  If the client is not looking to use the funds for a specific project or specified business use then we can still accommodate from $2M up to $26M without project funding with returns at around 50% per month through one of our other partners.

There will be a total fee of 10% to be deducted from the returns which should leave the client in excess of 100% net per month.  5% of this fee is payable to the trade group and the other 5% is for the introducing parties which is your side and us (GCT) to be shared equally.  Your 2.5% will be paid directly by the trade platform.  The agreement for this will be supplied by the platform for the client to sign and will be paid to you at the same time as the clients returns.  For any other parties I would suggest that they have their own agreement with the client or yourselves.

Just as a point of reference,  past trades have been returning in excess of 150% per month gross and short bullet trades have been offered with up to 100% per day.  These figures should not be quoted to the client but given to you as an illustration of past performance.  I think it is better to talk smaller amounts and over deliver to the client following a successful compliance.

Indian Clients can trade if funds are in HSBC India and can be confirmed with an interbank pledge from a correspondence branch in Europe.  A parallel account may have to be opened and funds will need to be in US dollar or Euro.

US Clients  - US banks cannot send MT760 and US citizen/residence can be difficult to qualify due to current reporting requirements to the IRS.  They may move funds to Coutts in London into a solicitors client account and will be traded out of this account in the name of the Law Firm.  Client would receive a Bank Guarantee valid for 13 months as security of his funds.

 
 
Some points to note.

Please ask your client to sign the CIS in blue ink and to be dated within 3 days and POF within 3 days.

Signatures should not be cut and paste.

All pages to be initialled by the client.
 
Ensure company letterhead is placed on top of each page or clients name and address.

If the CIS can be notarised this would be beneficial but not always a requirement.

Include a brief description of the project that the returns will be used for.

Passport to be in colour.

Client reference number and transaction number shown on the CIS in blue is for platform use only.

For companies - all Directors and any additional signatories of the bank account must sign the Board Resolution.

For personal application please state N/A where company information is requested.