Circular Letter Feb 19, 2017
http://www.bg-sblc.com/PROVIDER-MOVES-FIRSTWITH-MT799-RWA.php
A REVOLUTIONARY PROCEDURE
PROVIDER MOVES FIRST
WITH MT799 PRE-ADVICE,
IF YOU CAN PROVIDE PROOF OF YOUR
CAPABLITY TO PAY
EITHER THROUGH BCL
LETTER
from "A+ or better" rated Major Bank
Price will be 10+3 for Lease and 44+3 for Purchae in this
case
OR A LETTER FROM YOUR
UK LAWYER
Price will be 15+3 for Lease and 44+3 for Purchase in this
case
Both procedures are given
below:
1st Procedure through
your BCL Letter:
PROVIDER MOVE FIRST ( STRICT
PROCEDURE )
Here is FC BG 44+3 .Seller goes first before buyer's MT799.
Please read below.
BG / SBLC FOR PURCHASE OR LEASE
We are able to get the SBLC issued from Europe with provider
sending pre-advice first before BPU.
Interested revert back with the LOI + BCL/RWA LETTER for
initial DD.
DOA will be sent only after the initial DD, so please do not ask.
The Buyers Settlement Bank has to be a "A+ or better" rated
Major Bank
Instrument Description:
1.
INSTRUMENT TYPE - SBLC / BG
TERM - OPERATIVE, IRREVOCABLE , ASSIGNABLE AND
CONFIRMED
2.
3.
AGE- ONE YEAR AND ONE DAY
4.
ISSUING BANK- Barclays Bank
5.
INTEREST RATE - ZERO COUPON
6.
PRICE (Purchase) - 44% OF FACE VALUE
7.
PRICE (Lease) - 10% OF FACE VALUE
8.
COMMISSION - 2% + 1% OF FACE VALUE
9.
CURRENCY - EUROS / USD
10.
CONTRACT - CAN BE DONE:
PROCEDURES
-
LOI - CIS – PP- BCL/RWA LETTER FROM RECEIVING
BANK.
- IMFPA
- CONTRACT
- MT
799 PREADVICE
- MT
799 BANK PAYMENT UNDERTAKING
- EUROCLEAR
- MT103/TT
- HARD
/ MT 760 INSTRUMENT DELIVERY
PAYMENT
COPY DELIVERY IN 7 days
(interested revert back with the LOI for initial DD)
========================
==================
LETTER OF INTENT
DATE:
TO:
RE: Purchase/ Lease of Bank Instrument
TRANSACTION CODE: To be provided via Purchase
Agreement
Dear Sir,
I, _____________________, the undersigned, representing
_________________ hereby confirm under penalty of
perjury, my full commitment and agreement to purchase a
Bank issued instrument in the amount of __________ Euros
(€), subject to my acceptance of the terms, conditions and
procedures that shall be outlined by contract.
DESCRIPTION OF INSTRUMENT
• Instrument:
BG / Standby Letter of
Credit
• Total Face Value:
Hundred Million Euros
(€) - Cashed Backed
• Issuing Bank:
• I.S.I.N/CUSIP #:
• Term:
One Year, One Day
• Purchase Price:
percent (44%) of Face
Value PLUS 3% FACE –BUY-SIDE SELL
• Lease Price:
percent(15%) of Face
Value PLUS 3% FACE –BUY-SIDE SELL
SIDE CONSULTANTS
• Financial Consideration:
€……………. MILLION
EUROS TOTAL
• Delivery:
TO BE AGREED
BETWEEN PARTIES
• Payment:
to Coordinates as
Detailed
• Commission:
THREE Percent (3%) of
Face Value Paid by the Buyer
Furthermore, I hereby warrant and represent that I have
available funds in the amount required for the purchase of
said Bank Instrument. The funds are clean, clear funds, free
of any levy, liens or encumbrances and of non-criminal
origin. I hereby warrant and represent that the Rule of Fulldisclosure has established these funds were legally obtained
from non-criminal business or actions. I further confirm that
I am the beneficial owner of these cash funds and that I have
full signatory authority and control thereof, and that such
funds are available for immediate use at my sole discretion.
I am prepared to instruct my bank to act upon the
xxxxxx,000,000.000 Instrument as required.
I, the undersigned, hereby swear under penalty of perjury,
that the information provided herein is accurate
and true as of this date:.
Signature:
___________________________________
Signature:
___________________
Name / Title:
Company:
Passport Number:
Date of Issue:
Date of Expiry:
Country of Issuance:
Name / Title:
Company:
Passport Number:
Date of Issue:
Date Of Expiry:
Country of Issuance:
2nd Procedure through UK
Lawyer:
SBLC LEASE / sale PROCEDURE UK /
HK LAW FIRM
Instrument type: BG/SBLC (Minimum 50M)
Total face value: AMOUNTS IN EITHER - USD/EUR
Issuing Bank: BNP Paribas, Deutsche Bank Frankfurt,
Commerzbank Switzerland or
Credit Agricole. Lease total fee: 15%+3%; 44+3% of Face
Value
1. Proof of Capability Letter from the Client SRA
Regulated UK Lawyer firm; 2. CIS/KYC signed and filled
and returned back with the Proof of Capability Letter.
All the compliance package requirement in the CIS/KYC
must be submitted as well e.g Passport copy,
Incorporated Certificate of company of client, just as
stated in the
CIS/KYC temple, and from the Clients SRA
Regulated Lawyer firm.
3. Provider will issue a draft contract agreement, and it
will come with IMFPA and
Undertaking Form that Client SRA lawyer must
issue to secure the Agent and Provider
commissions.
After DOA is accepted and signed then the
client/applicant must deposit the fee (15+3)(44+3)
into 'their' own SRA regulated lawyers client account
in London and their lawyer sign an undertaking letter
to pay the fee. This pre-deposited fee is only
requested from their lawyer once the clients receiving
bank has verified and confirmed the receipt of the
MT799/760 "the instrument" (will only be issued to
receivers designated bank account immediately after
Providers Law Firm has a confirmation of the
Receiver’s UK SRA Law Firm on the “PAYMENT
UNDERTAKING LETTER”).
4. Provider’s issuing bank sends SWIFT RWA MT799 to
the Client’s Receiving Bank and Client’s receiving
bank verifies and confirms to issuing Bank.
5. Provider’s issuing bank issues the leased SBLC
(MT760) via SWIFT to the Receiving Bank and the
Receiving bank verifies and confirms to issuing Bank.
6. Receiver/client instructs he’s UK SRA Law Firm to
release the MT103 payment for the benefit of the
Provider Law Firm.
7. The hard copy will go normally by Bonded Courier
within 7 banking days.
Note:
There’s no any upfront fees or pre-payments, and the
total fees of 10+3 OR 15+3 / 44+3 are to be paid only
after client receives his bank confirmation on the
MT799/760, and after authenticate it.
(once an applicant/client has begun the application
process, there is a transaction track record upon request
as many instruments have been issued)
If Client do not have a Lawyer firm in London, they may
wish to consider a Law Firm that have worked with this
provider successfully: