COPY ONTO BUYER’S LETTERHEAD WITH FULL DETAILS
IMPORTANT: If you are a Buyer mandate; please state:
1. How long you have known your client?
2. Have you closed any deals with your client? If yes state when and for what and the value
If you are a broker; please state:
1. How far are you from the client?
2. Do you know the client personally?
3. Are you in direct communication with the client or is it a chain?
THIS DOCUMENT IS REQUIRED FOR DUE DILIGENCE ABOUT CLIENT BY PROVDER. DOA DRAFT WILL BE SENT LATER, IF DD IS FOUN SUCCEFULL
PRIVATE PLACEMENT REQUEST FOR PURCHASE OR LEASE (RFP)/
LETTER OF INTEREST(LOI)
BG/SBLC (Bank Guarantee/Standby Letter of credit) Lease/Purchase
Date: 31/08/2016Transaction code: TBA
PRIVATE PLACEMENT(RFP/LOI) will also act asan official introduction completed by the Receiver for the Provider.
This official request is made on this day ___ of month ______year 2016 by (the company and authorised person).
BANK INSTRUMENT/ASSET
Type: / BANK GUARANTEE (BG) / STANBY LETTER OF CREDIT (SBLC)Issue:
Term: / New – Fresh Cut
One year and one day
Amount: / $ USD (United States Dollars) / EUR (Euros) – (please choose one, type in number and words)
Minimum:- $50,000,000.00 (Fifty Million United States Dollars) – Tranche to be agreed. No maximum.
Bank: / HSBC Bank, BARCLAYS Bank or DEUTSCHE BANK AG, as offered by Provider.
Price: / Purchase: 40% of Full Face Value of Bank Instrument plus 2% + 2% commission of same face value of bank instrument, including all rolls and extensions and additions, to be shared as specified below.
Lease: 8% of Full Face Value plus 2%+2% commission of same face value of bank instrument, including all rolls and extensions and additions, to be shared as specified below.
Summary / 1.After DOA is signed and completed in full by Receiver;
2.Provider sends signed DOA in PDF form-subject to acceptance;
3.Receiver issues Irrevocable Conditional Bank Pay Order (BPU / MT799 PAYMENT UNDERTAKING (CONDITIONAL)) for 40% of Full Face Value of Bank Instrument+ 2% + 2% in case of Purchase Or in case of Lease 8% + 2% +2% of Full Face Value of Bank Instrument) commission.
4.MT799 and MT760 will be issued to Receivers designated Account immediately after Providers confirmation of the BPU / MT799 PAYMENT UNDERTAKING (CONDITIONAL).
Provider sends SWIFT copies of the MT799 and MT760 to the Receiver.
5.Receiver releases the BPU / MT799 PAYMENT UNDERTAKING (CONDITIONAL) for the benefit of the Provider and fees for consultants within two (2) banking days.
(Should Receiver default to lease the BPU / MT799 PAYMENT UNDERTAKING (CONDITIONAL) within two banking days after receipt of Swift MT-760, Provider shall instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Receiver's bankers to return the swift MT-760 (BG/SBLC) to the issuing Bank.)
Non-Performance: / After this contract is signed by both Sender and Receiver, and copies exchanged electronically or otherwise by a delivery service, failure to follow the closing procedure in time and form herein is considered breach of this contract and puts the failing party in default position to pay a onetime penalty fee of 1% of the contract value to the suffering Party and 0.5% of the contract value for suffering consultants to share equally.
Hard Copy: / Delivered by Bonded Courier in 7 banking days to Receivers bank after all Fees are received.
Notice: This is a private sale between two entities and is not to be construed as an offer of funds nor a sale of securities as defined in the Securities Act of 1933/34.
Dear Sir or Madam:
We, ______, (the Company, The Receiver/Lessee/Purchaser of Asset), and Authorised Signatory, Mr/Ms ______request to Purchase/Lease,bank instrument, Bank Guarantee (BG)/Standby Letter of Credit (SLBC)as listed above from the Provider to be introduced by Mr. Adil of KB Group HK/KB Export HK with co-ordination by Mr. Collin Abdool Abbass Ibrahim of AIG Inc. We/I (authorised person) of (the company) confirm we are ready and willing to pay for any purchase of bank instrument through this Private Placement offer and request the Deed of Agreement (DOA) upon completion of our request if the Provider accepts our request application. We (the company) also agree to all of the procedures and conditions listed below, without change, and agree to co-operate in a timely manner as requested for each stage of the transaction and per tranche amount as required. We (the company) accept the procedures as stated and will not request any amendment or change hereafter signing this RFP/LOI.
(Please fill) RECEIVER BANK DETAILS TO RECEIVE BANK INSTRUMENT
Registration No:
Mailing Address
Represented By
Designation
Passport No.
Nationality
Direct Email
Direct Telephone
RECEIVER BANK DETAILS TO PAY FOR BANK INSTRUMENT
Registration No:
Mailing Address
Represented By
Designation
Passport No.
Nationality
Direct Email
Direct Telephone
1.1 BANKING DETAILS REQUIREMENTS
Please note no un-rated banks are accepted with a bank rating less than BB (Moodys/S&P/Fitch).
No local national banks accepted unless supported by credit worthy overseas western bank.
All Bank details must include name and full address of Bank, bank address, main switchboard bank number, banking officer and their code, telephone and email correspondence. Failure to provide information automatically disqualifies your application.
All information is strictly confidential and we do not share or disclose any client information. If client information is unsuccessful then the information is deleted within the system within 24 hours.
SIGNATURE AND STAMP:
NAME:
NATIONALITY:
COMPANY POSITION:
PASSPORT #:
ISSUE DATE:
EXPIRY DATE:
PLACE OF ISSUE:
COMPANY:
COMPANY REGISTRATION NO:
COMPANY ADDRESS:
REGISTERED COUNTRY:
1.2 PROCEDUREAL AGREEMENTS
Please do not ask for alterations or amendments to Procedures. NO changes are accepted.
Upon receipt of completed RFQ/LOI, a draft DOA (word doc) will be advised with full details to be completed for acceptance by the Receiver and then forwarded to Provider to complete their own due diligence.
If Receiver passes due diligence, the DOA is completed by the Provider and the DOA becomes a full recourse contract and returned by PDF to the Receiver.
Thereafter, all procedure and conditions apply to both parties and each party is obligated to perform each step in full and within time schedules agreed.
The Receiver confirms with full corporate and legal responsibility that liquid funds are available to fulfil the requirements of the purchase/lease of requested instrument (BG/SBLC)and is ready and able to complete the transaction in agreed manner according to all procedure conditions.
The Receiver further confirms to cooperate with the Provider and agrees to the below procedures without change or adaptation.
The Receiver agrees to Lease BG/SBLC at 8% + 3.5%and Purchase BG/SBLC at38% + 3.5% of full Face Value for the Bank Instrument requested, subject to acceptance. All fees are applicable and payable on demand for all rolls, extensions and additions hereafter to existing/affiliated or subsequent introduced parties.
The introduced Provider will issue BG/SBLC for lease/purchase and both Parties hereby agree to the following Procedures:
SUMMARY OF PROCEDURES:
PROCEDURES:
PROVIDER TO MOVE FIRST WITH MT799 PRE-ADVICE
IF YOU SEND BANK CLEARANCE LETTER ON BANK LETTERHEAD
1. Provider and Receiver sign the Deed of Agreement, which thereby automatically becomes a full recourse commercial contract after the Provider has accepted Receiver’s application.
2. Providers Bank sends RWA, PRE-ADVICE FIRST to Receivers Bank through MT799 (SWIFT). In response to it, Receiver’s Bank will issue Conditional MT 799 Payment Undertaking ( CONDITIONAL ) as per EXHIBIT A above for 8% + 3.5% or for 38% + + 3.5% commissionof Full Face Value
3. Within Three banking days after MT799 PAYMENT UNDERTAKING (CONDITIONAL) is confirmed by Providers Bank; Provider Bank will send MT799 Pre-Advice to Receivers Bank and the BG/SBLC by MT-760.
4. The Receiver’s bank receives, confirms and verifies the MT760 (BG/SBLC);The Receiver's Bank then releases the MT799 PAYMENT UNDERTAKING (CONDITIONAL) for the benefit of the Provider within two banking days.
Provider then pays total 3% commission on seller’s side and Receivers side to the respective consultants/brokers/agents.
(Should Receiver default to lease the MT799 PAYMENT UNDERTAKING (CONDITIONAL) within two banking days after receipt of Swift MT-760, Provider shall instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Receiver's bankers to return the swift MT-760 (BG/SBLC) to the issuing Bank.)
5. Within Seven banking days after receiving all fees; Hard copy will be sent to Receiver bank by bank-bonded courier.
6. 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.
SIGNATURE AND COMPANY STAMP OF AUTHORISED PERSON OF COMPANY:
FULL NAME:
NATIONALITY:
COMPANY POSITION:
PASSPORT #:
ISSUE DATE:
EXPIRY DATE:
PLACE OF ISSUE:
COMPANY:
COMPANY REGISTRATION NO:
COMPANY ADDRESS:
REGISTERED COUNTRY:
Page 1 of 6- Signature - Buyer of Lease/Purchase Instrument______
Introducing Party: KB Group/KB Export HK
Reg office: # A, 15/F, Hillier Comm Bldg, 65-67 Bonham Strand East, Sheung Wan, Hong Kong. ALL ENQUIRIES through co-ordination by: Collin Abdool Abbass Ibrahim