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Date Posted: 02:24:19 07/16/13 Tue
Author: Sven Model
Subject: Re: BANK INSTRUMENT MTN BG SBLC (Buying)
In reply to: SAHILL GLOBAL ASSOCIATES LTD 's message, "Re: BANK INSTRUMENT MTN BG SBLC (Buying)" on 09:40:35 12/17/10 Fri

Dear Sir / Madam,

Have you still got Buyers for BG’s?

Please let me know if you have any interested parties?

I have found a FC BG Provider that I am DIRECT to. The Buyer needs to have the full amount for the contract and not only for the first tranche. Once the Buyer sends MT799 as POF then seller sends Instrument to Buyer via MT760 in 3 – 5 Banking Days. Once the Buyer releases the ICBPO for the payment of the BG (Or pays by MT103), Funds are no longer reserved for the transaction. I hope you can make sense of this and start bringing your Buyers forward.

If the Buyer buys more than 100 Million the price is 59%. Normally the price is 60% of Face Value.

The transaction is Bank to Bank. The Buyer must send an MT799 as Proof of Funds, and then the Seller will send the Instrument via MT760 within 3 – 5 Banking days. No need for Pre-Advice to be sent.

Please find attached the draft BG LOI that needs to be completed.

I need the completed LOI together with the CIS , Colour Copy of Passport, Board Resolution and Non Solicitation Statement so that I can forward it to the Provider.

The Buy Side is open for you and your colleagues. I look forward to your prompt response.

Yours sincerely

Sven Andre Model

Skype ID: svenandremodel
E-mail: sven.model@sven.tech.myzen.co.uk

Web: http://www.sven.tech.myzen.co.uk

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