Re: DIRECT PROVIDER NO FEES UPFRONT -- Bank Instruments

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Subject: Re: DIRECT PROVIDER NO FEES UPFRONT

Author:
Victor (Alcala)

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Date Posted: 07:15:55 10/31/18 Wed
In reply to: Constantin M. 's message, "Re: DIRECT PROVIDER NO FEES UPFRONT" on 14:12:44 09/25/18 Tue

>Does you provider also sell? Their procedure seems
>quite good. Most banks refuse to pay upfront fees,
>including "transmission fees", as they say the
>provider should include them in the price and avoid
>scam attempts what, in my opinion, is sense.
>>
>>PROCEDURES: ......COLLATERAL FIRST
>>
>>1. Lessor issues Deed of Agreement to Lessee, Lessee
>>fills complete
>>the Deed of Agreement (DOA) with passport copy of
>>responsible person,
>>Client information sheet, Board resolution letter,
>>company
>>registration certificate, current bank statement ,
>>Bank Capability
>>Letter , Authorization to Verify and Bank Letter for
>>approval of Text
>>of SWIFT 799 BCL (Letter of Guarantee) (not filled but
>>signed by a
>>bank officer, Appendix 1, second letter) and return
>>back to Lessor;
>>
>>2) Lessor will conduct DD and thereafter approves the
>>transaction and
>>its representative
>>counter (Deed of Agreement), attaching passport of
>>responsible Lessor
>>and sends copy to Client . BOTH PARTIES WILL LODGE A
>>COPY OF LOI (DOA)
>>WITH THEIR BANK.
>>
>>3) Upon satisfactory completion of due diligence
>>checks, Lessor will
>>send RWA to Lessee Bank by SWIFT MT199 (Appendix 2)
>>within 3(three)
>>banking days after DD.
>>
>>4) Lessee within 2 (two) or less banking days upon
>>receipt of RWA by
>>SWIFT MT199 from Lessor, issues SWIFT MT799 BLOCKED
>>FUNDS OR LETTER OF
>>GUARANTEE to Lessor’s bank account coordinate with
>>equivalent amount
>>of 10% purchase price and sends swift copy to Lessor;
>>
>>5) Within 3(three) banking days after verification of
>>SWIFT MT799 the
>>Lessor issue Pre Advise MT799 to Lessee and CONFIRMS
>>READY WILLING AND
>>ABLE to receive MT760 SBLC. Lessor thereafter gives
>>window time and
>>releases SBLC via swift MT 760 to Lessee’s bank
>>account coordinates;
>>
>>6) Within 3(three) banking days the Lessee’s bank
>>confirms and
>>verifies the SBLC;
>>
>>7) Lessee’s bank releases funds and pays for SBLC,
>>to Lessor’s banking
>>coordinates price fees with agency on or before 5
>>banking days upon
>>receipt and confirmation of MT760
>>
>>8) Lessor’s bank sends hard copy of SBLC to
>>Client’s bank within 5 to
>>7 banking days by registered speed post ;
Please send us more info

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