MTN – SS – 65+1 – DIRECT FROM PROVIDER
INSTRUMENT DESCRIPTION:
Instrument: SS MTN
Issuing Bank: HSBC/Barclays Plc.
Term: 10 years
Coupon: 7.5%
Contract€/$- 5 Billion
First Tranche €/$- 2.5 Billion or agreed
Screen:Euroclear External Screen Brussels.
Price: 65% + 1
Payment: Swift MT103
Delivery:Swift MT799/ MT760
PROCEDURES:
(1) BUYER sends RWA CONTRACT with banking details, including enlarged copy of Signatories Passport, Client Information Summary, and Master Fee Protection Agreement and Non Solicitation Statement and History of Funds and Corporate Res and BCL.
(2) SELLER signs the RWA CONTRACT as read and approved by him, adding his full banking details for the dispatch of the Corporate Invoice, corresponding to the first Tranche of the transaction.
(3) Within one (1) international banking day from the signature by the SELLER of this Letter of Intent and the dispatch of the same, signed to the BUYER, the SELLER will send Corporate Invoice plus a copy of the Title Page showing beneficial ownership by Swift: MT799 and sends courtesy copy by Fax. This Corporate Invoice must include: Registration Number, Euro clear Access Code, Cusip Number, Isin Number, Issuing bank, date of issue, maturity date, Custodial safekeeping receipt number, exact verbiage of the instrument and complete screening information and other data for authentication and verification of the instruments on the Euroclear External Screen (Brussels). (NOTE: BUYER MUST PAY A REFUNDABLE FEE FOR SWIFT MT799 BANKING TRANSNMITTING CHARGES €55,000 TO RECEIVE IT. There shall be no transmission of Invoices or any related documents via internet or fax, all related details and information as regards to the instrument must be transmit by Swift only to be receive by receiving bank only.
(4) Within One (1) International Banking hours, after receipt of the above referred to Corporate Invoice by MT799, Buyer’s bank will validate and authenticate on Euroclear Screen (Brussels)., Buyer’s bank will block the transaction using the blocking codes provided on the Invoice, and will settle via Wire, MT 103 or as agreed between Buyer and Seller
(5) After the SELLER’s Bank has received Euroclear settlement or payment by SWIFT MT 103 or Fed Wire, Within Eight (8) international banking hours of clear funds, Seller’s Bank will electronically deliver the MTN’s via Swift MT 760 .
Upon receipt of the funds via electronic transfer, the SELLER’s bank shall immediately deliver the safe keeping receipts. Physical delivery of the actual instruments will be made within seven (7) international banking days to the BUYER’s bank or other such depository designated in the BUYER’s bank delivery instructions.
(6) Following tranches will be executed as agreed by both principals until the agreed amount of MTN’s is exhausted.
67+2 or 69 Inclusive MTN SS 50B ISINS AFTER POF MT799- NO UP FRONT FEES
SLIGHTLY SEASONED
MEDIUM TERM NOTE
7.5%10 YR
67+2 50B w/R&E
or 68+1 (sellerside inclusive)
or69 inclusive
Minimum tranche is 500M
CASH BACK ICC FORMAT
HSBC BANK PLCLONDON,
BARCLAYS BANK PLC LONDON
OR AA RATED TOP25 WEB BANK
PROCEDURES:
1. Buyer submits this Letter of Intent (LOI) / Memorandum of Agreement (MOA) with full banking Co-ordinates, and Client’s Information Sheet, Non-Solicitation Letter, Company Registration and Copy of the Signatory’s Passport, Corporate Resolution, Indemnity Pay Protection Agreement.
2. After completion of Seller’s “Due Diligence”, the Seller signs, stamps and returns by Fax/Email the LOI, which will become a Memorandum of Agreement (MOA), With Seller’s full banking Co-ordinates. Fax/Email copies of this MOA will initiate the Transaction.
3. Seller will issue a invoice (for MT799) to buyer and, verbiage of the POF to the buyer buyer receives invoice and verbiage of the POF MT799.
4. Within 72 hours ofPOF Invoice Buyer will instruct his bank to send POF by swift MT799 to the sellers designated receiving bank coordinate and promptlysend swift copy to buyer.
(Seller Bank may respond with a text MT199 requesting confirmation that MT799POF is cashed back. If so Buyers MT799POFsending bank is required to reply to MT199with cashed back confirmation within 48 hours. Ifnot cashed back MT799; deposit will be required.
After verification and authentication of the SWIFT POF MT799 (or MT199 confirmation from MT799POF sending bank) the Seller shalldeliver the “Bank Certified Invoice of MTN – MEDIUM TERM NOTES” to Buyer’s Bank together with Printout of Euroclear Screen containing but not limited to CUSIP/ISIN Numbers, Issuing Banks, Date of Issuance and Maturity, Denominations, Text of Instrument, Custodial Safekeeping Numbers, Euroclear Screen Access Codes, Full Bonding Power information, etc. (Note: “Private Placement” to be shown on the Invoice Price on Corporate Invoice and No price shall be shown on screen).
6.Buyer will SCREEN AND BLOCK INSTRUMENTafter authenticationand will accept the Instrument. Andwithin eight (8) banking hours, Buyer’s Bank shall release the payment via SWIFT MT103/Wire Transfer to Seller’s Bank. Instrument delivered Euroclear DTC or Swift MT760.
7. The Hard copies of the Instrument to be delivered via bank bonded courier to Buyer’s Bank within seven (7) banking days after the payment being received by Seller’s Bank.
8. This Letter of Intent is a full recourse commercial commitment governed by the Law of the jurisdiction that both parties reside and standards under ICC Regulation.
9.NON PERFORMING PARTY INCLUDINGNON PERFORMANCE ONTIME SCHEDULE WILL PAY PENALTY OF 2% OF THE CONTRACT VALUE AND PASSPORT WILL BE LODGED WITH FBI/ICC.
10.Fees shall be disbursed by the Buyer at the time of each tranche in accordance with the relevant MFPA which is incorporated herein or by reference as material condition of this agreement.
11.This is a Private sale between two entities and is not to be construed as an offer of funds or fund nor a sale of securities as defined in the Securities Act of 1933/1934.
12.All subsequent tranches will be based on the same procedures until collateral or funds become exhausted.
13. All Buyer bank account must be ready to transact before signing contract. Buyers bank changes will not delay from original time schedule in this agreement. Buyer multiple banks changes are not acceptable. All accounts including corresponding accounts mustbe listed on LOI/contract.
14.Procedures are subject to issuing bankers discretion.
Bank Instrument Sales / Leasing – Steps
Hello,
We do not send out any Draft LoI / Contracts or Packages.
Every client has to go through the following steps –>
- Check out the various Sales / Leasing Options online on our website
- If the client is Ok with one of our options, and the procedures, you inform us
- We send you our application form
- The client fills up and you send us back the application form
- The application form is either approved or rejected, by the provider
- If the application form is approved, we call the client to confirm he is for REAL, and he is Ok with our procedures and verbiages
- If the client confirms he is OK with the procedures and verbiages, we send the Draft LoI / Contract
- The client fills up, signs each page, stamps, notarizes the Draft LoI / Contract and sends it to us.
- The provider countersigns it, stamps it, notarizes it and faxes it back directly to the client
Thanks,
MTNs – Direct from Provider – Basic Steps / Procedures
Hello,
We work directly with various traders who can provide all the MTNs you need (FC, SS and S).
Here is what is needed to proceed with the Initial Due Diligence:
1) Company name
2) Name of the principle
3)Who they bank with
Once the Initial Due Diligence is done, this would be the procedures:
1.Buyer sends the LOI including CIS and POF (Bank statement)
2.The Seller will call the buyer directly and discuss price, all necessary logistics and banking details
3.Buyer will start tranching very rapidly.
If your buyer is reputable and have good name in the industry we may not require the POF at all.
P.S: These traders are supplying papers to some of the top fortune 500 buyers following these procedures and have been successful with it.
Thanks,
BG/SBLC – FC – SALE – 52+1 – ICBPO MT799 – NO UPFRONT – MIN 50M – DIRECT FROM PROVIDER
Description of Instrument
Instrument : Bank Guarantee (BG/SBLC)
Age : Fresh Cut
Interest Rate : Zero Percent (0%)
Term : One (1) Year and One (1) Day
Issuing Banks : DEUTSCHE BANK, HSBC, BARCLAYS (Frankfurt), BNP Paribas,
ABN Amro
Currency : European Community Currency (EURO)
Contract Amount : Euro _ (Billion) with R/E
Price of BG : Fifty Two (52%) + One (1%) Percent of BG Face Value
Commission : Buyer’s side (1%)
Total Face Value : Euro 50 – 500 Million Euros
Mode of Payment : SWIFT (MT103)
Delivery : SWIFT MT-760 only followed by Hardcopy to be delivered via
Bank courier within seven (7) banking days
.
CURRENT ISSUING BANKS:
1] HSBC LONDON [2] BARCLAYS FRANKFURT [3] ABN-AMRO [4] DEUTSCHE BANK [5]
BNP PARIBAS (SBLC).
SALES PROCEDURE FOR PRE-ADVISE [MT-799]
1.SELLER AND BUYER EXECUTE, SIGN AND INITIAL A DEED OF AGREEMENT WHICH
THEREBY AUTOMATICALLY BECOMES A FULL COMMERCIAL RECOURSE CONTRACT
AFTER BUYER APPLICATION HAVE BEEN ACCEPTED.
2.SELLER WILL COUNTERSIGN BACK THE AGREEMENT AND MAKE IT AS A BINDING
CONTRACT. BOTH PARTIES SHALL LODGE THE AGREEMENT TO THEIR RESPECTIVE
BANKS.
2.1 WITHIN 24HRS AFTER COUNTER SIGNING CONTRACT, THE CLIENT WILL NEED TO
SHOW POF FOR THE PURCHASE FEE BY SWIFT MT799 ICBPO TO INVESTOR NOMINATED
BANK ACCOUNT AS AGREED IN THE CONTRACT AND APPLICATION FORMALITIES
3.WITHIN TWO (2) BANKING DAYS FROM THE DATE OF THE AGREEMENT, SELLER WILL
SEND A PRE ADVICE VIA MT799 TO THE BUYER’S NOMINATED ACCOUNT BASED ON THE
“REQUIRED TEXT” OF THE BANK GUARANTEE (HEREINAFTER REFERRED TO AS “BG”)
AND BUYER SHALL AUTHENTICATE IT.
4.WITHIN TWO (2) INTERNATIONAL BANKING DAYS UPON THE VERIFICATION AND
AUTHENTICATION OF THE PRE ADVICE (MT799), BUYER SHALL CAUSE TO SEND FULL
PAYMENT OF 52% VIA SWIFT WIRE TRANSFER MT103 TO THE SELLER’S DESIGNATED
BANK
5.WITHIN THREE (3) INTERNATIONAL BANKING DAYS UPON THE RECEIPT OF THE
PAYMENT, THE SELLER SHALL CAUSE THE ISSUING BANK TO SWIFT BG BY MT760 TO
THE BUYER’S DESIGNATED BANK.6.SIMULTANEOUSLY, THE BUYER SHALL EFFECT COMMISSION PAYMENT TO ALL THE
IDENTIFIED INTERMEDIARIES ACCORDING TO THE FEE PROTECTION AGREEMENT
ATTACHED WITHOUT DELAY OR WITHHOLDING, INCLUDING ALL ROLLS AND
EXTENSIONS.
7.THE HARD COPIES OF THE BANK GUARANTEE SHALL BE DISPATCHED FOR DELIVERY
VIA BANK BONDED COURIER TO BUYER’S BANK WITHIN SEVEN (7) BANKING DAYS
AFTER PAYMENT BEING RECEIVED BY SELLER’S BANK.
8.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.
Should Buyer default to pay the leasing fees to the Seller and the Agents fees as agreed after
2 banking days of confirmation of BG/SBLC MT760 in Buyer’s bank account, Seller will
instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Buyer’s bankers
to return the BG/SBLC MT760 to the issuing Bank.
BG/SBLC – FC – SALE – 52+1 – MT760 UNDERTAKING – NO UPFRONT – MIN 50M – DIRECT FROM PROVIDER
Description of Instrument:
Instrument: Bank Guarantee (BG/SBLC)
Age: Fresh Cut
Interest Rate: Zero Percent (0%)
Term: One (1) Year and One (1) Day
Issuing Banks: DEUTSCHE BANK, HSBC Plc, BARCLAY’S Plc, PNB PARIBAS
Currency: European Community Currency (EURO)
Contract Amount: 100 million Euro + R&E to 5 Billion Euro
Price of BG: Fifty Two (52%) Percent of BG Face Value
Commission: One (1%) Percent of Face Value:
Buyer’s side 1%
First Tranche: Euro – Million
Subsequent Tranches: Euro 000 or as otherwise mutually agreed
Denomination: EURO 000M/ or as mutually agreed
Mode of Payment: SWIFT MT760 Undertaking cleared by SWIFT (MT103)
Delivery: SWIFT MT-760 only – Followed by Hardcopy to be delivered via Bank courier within seven (7) banking days
PROCEDURE:
DIRECT SWIFT MT760 = FRESH CUT BG/SBLC.
1. BUYER COMPLETE AND DULY SIGN THIS AGREEMENT WITH FULL BANK CO‐ORDINATES
TOGETHER WITH CLIENT INFORMATION SHEET (ANNEX A), BOARD RESOLUTION (ANNEX
B), ENLARGED A4 COLOR COPY OF SIGNATORY PASSPORT (ANNEX C), S.W.I.F.T MT760
FORMAT (ANNEX D), NON‐SOLICITATION STATEMENT (ANNEX E) AND FORMAT OF BANK
GUARANTEE (ANNEX F).
2. PARTY A WILL COUNTERSIGN BACK THE AGREEMENT AND MAKE IT AS A BINDING
CONTRACT. BOTH PARTIES SHALL LODGE THE AGREEMENT TO THEIR RESPECTIVE
BANKS.
3. WITHIN TWO (2) BANKING DAYS, PARTY B SHALL CAUSE THEIR BANK TO ISSUE/SWIFT
VIA MT760 A BANK UNDERTAKING FOR XXX,XXX,XXX.00 (DOLLAR/EURO) TO PARTY A’S
DESIGNATED ACCOUNTS VIA THEIR NOMINATED BANKS.
4. WITHIN THREE (3) INTERNATIONAL BANKING DAYS, PARTY A SHALL CAUSE THE ISSUING
BANK TO SWIFT BG/SBLC VIA MT‐760 TO THE PARTY B’S DESIGNATED BANK OF THE
EQUIVALENT VALUE BASED ON XXXXXX% OF THE FACE VALUE ACCORDING TO THE TRANCHES AGREED AFTER VERIFICATION AND AUTHENTICATION OF PARTY‐A MT760
BANK UNDERTAKING.
5. PARTY B AFTER VERIFICATION & AUTHENTICATION OF THE MT‐760 WILL PAY WITHIN 10
(TEN) DAYS, VIA SWIFT WIRE TRANSFER MT103 TO THE PARTY A’S DESIGNATED BANK AS
PER THE INVOICE PRICE. HARD COPIES OF THE INSTRUMENT SHALL BE DELIVERED
WITHIN SEVEN (7) INTERNATIONAL BANKING DAYS VIA BONDED BANK COURIER TO THE
PARTY B’S DESIGNATED AND NOMINATED BANK.
6. SIMULTANEOUSLY, THE BUYER’ SHALL EFFECT PAYMENT TO ALL THE IDENTIFIED
INTERMEDIARIES ACCORDING TO THE FEE PROTECTION AGREEMENT WITHOUT DELAY
OR WITHHOLDING THE 1% CONSULTANTS FEE.
7. 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.
8. THIS LETTER OF INTENT IS A FULL RECOURSE COMMERCIAL COMMITMENT GOVERNED
BY THE LAW OF THE JURISDICTION THAT BOTH PARTIES RESIDE. THIS LOI IS ALSO
GOVERNED BY THE STANDARD UNDER ICC REGULATION.
Should Buyer default to pay the leasing fees to the Seller and the Agents fees as agreed
after 2 banking days of confirmation of BG/SBLCs MT760 in Buyer’s bank account, Seller
will instruct the issuing bank to put a claim on the BG/SBLCs thereby forcing the Buyer’s
bankers to return the BG/SBLCs MT760 to the issuing Bank.
FC 40+2 MTN ESCROW – NO POF NO SWIFT FEES w/PRE ADVICE – 10 DAY PAY
40+2 5M to100B
MEDIUM TERM NOTE
FRESH CUT
7.5% 10 YEAR
CASH BACK ICC FORMAT
HSBCBANK PLC LONDON
BARCLAYS BANK PLC LONDON
AAA RATED TOP 25WEB
Contract Size and Deposit
Under 100M = 1M Deposit
100M to 9B =2M Deposit
10B to 24B=3M Deposit
25B to49B=4MDeposit
50B and Over= 5MDeposit
TRANSACTION PROCEDURES:
- BUYERsends Letter of Intent/RWA /Contract, CIS with signatory’s passport, and the Master Fee Protection Agreement /MFPA.SELLER countersigns LOI/RWA thusbecomescontract.
- BUYER within 72 hours of receipt of countersign contract pay Deposit 1-5M of the invoice fee to the SELLERs designated Escrow Attorney Account. (Deposit will be released after 15 days to SELLER’s account by Escrow Attorney upon satisfaction of SELLER performance per agreement/contract.)
- SELLER within 5 banking days confirms the deposit to escrow account and instructs his issuing bank to deliver electronically SWIFT (MT799) Pre Advice followed by (MT-760) into BUYER designated banking institution and send a copy of the Swift MT760 to SELLER .
- BUYER will release the balanceof payment of the instrument within 10 days after receiving copy of the MT-760
- Hard copies will be delivered via bonded courier within 5-7 banking days of full lease and rep fees.
- Fees shall be disbursed by the BUYERat the time of each tranche in accordance with the relevant MFPA which is incorporated herein by reference as is a material condition of this agreement.
- All subsequent tranches will be based on the same procedure until collateral or funds become exhausted.
- EITHER PARTY THAT DOES NOT PERFORM INCLUDING NON PERFORMANCE WITH THE TIME SCHEDULE OF THIS CONTRACT WILL PAY PENALTY OF 2% OF THE CONTRACT VALUE AND PASSPORT WILL BE LODGED WITH FBI/ICC FOR QUESTIONNING.
- 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
- This Letter of Intent is a full recourse commercial commitment governed by the Law of the jurisdiction that both parties reside and standards under ICC Regulation.
- BUYER s bank accountmust be in order and ready totransactprior to signing ofthis agreement.BUYERbank changes may not delay original schedule in this contract or create additional requirements. BUYER multiple bank changes will not beaccepted.
- Procedures are subject to Issuing Bankers Discretion.
FC 500M MIN 42+2 BG OR SBLC MT799POF= MT760 NO UP FRONT FEE
42+2 500M MINIMUM
SBLC – STANDBY LETTER OF CREDIT OR
BG – BANK GUARANTEE
CASH BACK ICC FORMAT
FRESH CUT
HSBC BANKPLCLONDON
AA RATED TOP 25 BANK
500M MINIMUM
500M FIRST TRANCHE
TRANSACTION PROCEDURE:
1.BUYER sends letter of intent (LOI) to the SELLER. The LOI should contain copies ofBUYER’s passport, Company’s resolution and Client’s Information Sheet (CIS).
2. SELLER countersigns LOI and returns toBUYERwith details of Issuing bank, passport copy ETC. This LOI automatically becomes a full commercial recourse contract. Both parties shall lodge the executed contract with their respective banks.
3. Within 72 hours of receipt of countersigned LOI BUYER will send cashed backed MT799POF Swift to SELLER designated bank account OR and send swift copy to SELLERfor confirmation. SELLER will confirm MT799POF and will advise banker to send MT760.
(SELLERs receiving bank may send MT199 as a reply to the MT799POF to request confirmation that POF is cashed back.BUYERs bank must reply to MT199 to confirm cash back. If MT799POF is not cashed backed a deposit will be required at that time.)
4. Within 3 banking daysof SWIFT MT760 BUYERconfirmsthe MT760 in his bank account andBUYER pays to SELLER his fee and broker’s fee same day.
5. Within 3 banking days after receiving Payment and brokers fees, Hard copy will be sent toBUYERbank by bank-bonded courier.
6. 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
7. This Letter of Intent is a full recourse commercial commitment governed by the Law of the jurisdiction that both parties reside and standards under ICC Regulation.
8. PENALTY CLAUSE for non-performance: Should any of the Parties herein fail to perform as required by this contract including time schedule, failing Party shall pay 2% of the total face value of the transaction.
9. Fees shall be disbursed by the BUYER at the time of each tranche in accordance with the relevant FPA which is incorporated herein or by reference as is a material condition of this agreement.
10. This is a Private sale between two entities and is not to be construed asan offer for funds nor a sale of securities as defined in the Securities Act of 1933/1934.Pricing not listed on screen.
11.BUYER bankaccounts must be ready for transacting prior to signing contracts. BUYER bank changes may not delay original schedule in this contract or create additional requirements. BUYER mutliple bank changes will not be accepted.
12. Procedures are subject to SELLER /Issuing bankers discretion.