| Subject: Re: US$ Provider Available - Need Genuine EURO Providers |
Author:
khalaf Ghalem
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Date Posted: 20:47:46 03/04/11 Fri
In reply to:
eliza
's message, "Re: US$ Provider Available - Need EURO Providers" on 21:03:58 10/29/08 Wed
Below, please find the USDP requirements:
SUMMARY OF BUYER’S CONDITIONS:
The following is a Summary by the USDP for the transaction to move forward
The USDP requires in advance that:
The Seller will pay all the commissions. The Seller is the EUROP and he/she will be responsible for paying all the commissions: Buyer’s side (50%) and Seller’s side (50%). The USDP will be the BUYER’s Mandate (USDP Mandate), we will be the BUYER’s Facilitator (USDP Facilitator) and you will be an SELLER’s side.
THE USD PROVIDER IS WILLING TO MEET FACE-TO-FACE WITH THE BUYER TO CONDUCT THE TRANSACTION. HE WILL OPEN AN ACCOUNT AT THE EURO PROVIDER’S BANK AND COMPLETE THE TRANSACTION. USDP prefers L2L OR FACE-TO-FACE, a private transaction. The contract The Total Size of the contract is 50B with Rolls and Extensions and up to 500B at 20/10 or 20/15. That means that: BONUS: GROSS 20% USD; NET 10% TO THE EURO PRINCIPAL: Buyer’s side (50%) and Seller’s side (50%). That’s 2.5% on the Buyer’s Side (USDP) and 2.5% on the Seller’s Side (USDP). The bank takes 5%. Here is how he explains that it will work: Per each $100 USD the Euro Provider shall pay the equivalent value in EUROS of $85 USD on the day of each tranche. BONUS: GROSS 15% USD; NET 10% TO THE EURO PRINCIPAL.
The NDNC/IMFPA and EUROP contract should be completed and signed in advance by the EUROP, Mandate and all the Intermediaries and just give him a copy. In other words, you first have to fill out your sections of the NDNC/IMFPA and EUROP contract. Then, send it to us to complete. After we complete it, we will send it to you to seal and locked before we present it to the USDP.
Since the EUROP is the one who pays all the commissions, the USD PROVIDER does not see any reason for fill out the contract. The real contract will be signed face-to-face TTM, at the bank between the EUROP and the USDP. Therefore, the USDP does not need to sign the contract in advance until he meets TTM with the Seller at his bank for the transaction. MEETING TTM IS OK. BUT WHY NOT SIGNING IN ADVANCE, WHICH SEALS A COMMITMENT, AS CIS AND BANKING INFO WILL BE PROVIDED UPFRONT FROM EUROP. HOW DOES EUROP KNOW THAT HE OR HIS COMPANY IS COMMITED? HOW WILL EUROP KNOW WHO HE IS? IF EUROP COMMITS PERJURY OR BREAKS SIGNATURE CONTRACT, EUROP WILL BE LIABLE. AND CONTRACT WILL BE NULL. SO WHY NOT SIGNING IN ADVANCE? HIS COMPANY OR HE HAS TO SHOW SOME OFFICIAL PROOF OF INTEREST. ANSWER: This option is definitively out of the question. This USDP will never sign the contract before he meets TTM with the Seller at his bank. He told us that all terms and conditions will be negotiated TTM, face-to-face, with the seller (USDP), so they can successfully close the deal in one day.
USDP’s contract will be explained directly to the Euro Provider and banker by the USD Provider and USD bank’s representative at the EURO provider’s bank.
The USDP (BUYER) always requests the (SELLER) EUROP’s name, his bank and the city that he is located in, his contact information and upon approval will need the euro providers email address for delivery of confidential documents.
The USDP also acts as the USDP Mandate direct to the USD provider because he is the Investor for he is the President/CEO of a Hedge Fund. He is a Private Investor for a Fund Corporation.
The USD provider does not need procedures. He uses tax immunity for all profit and commissions.
A> Note: STATEMENTS OR SOMETHING SIMILAR IN THE EURO CONTRACT WILL CAUSE YOUR CONTRACT TO FAIL COMPLIANCE AND IS THE REASON WHY. NOTE: WHEREAS, both parties herein have irrevocably agreed to comply fully with rulings of the due diligence convention of the Federal Banking Commission dated 1991 regarding money laundering and Article 305 of the Swiss Criminal Code which came to operation in June 2001 related to Financial Transactions in conformity with FTF (Financial Task Force) requirements and in accordance with H.R.3723 dated 11th of October 1996, signed by, the then US President BILL CLINTON in protecting USD value from any and all transaction which may directly or indirectly suppress, diminish or reduce its value in any form. What he preferred: THIS IS HOW IT CAN BE DONE AND THE WAY WE DO IT. (L2L)
B> The exchange of currencies is done as per standard regulatory guidelines:
C> For, each 100.00 USD wired by the USD Provider, the EUR Provider will return in EUR equivalent to 100.00 USD on the day of each tranche.
D> When the equivalent EUR to 100.00 USD have been transferred to XXXXX CORPORATION, then XXXXXX CORPORATION will return 17.5% (seventeen point five percent) to the EUR Provider and 2.5% (two point five percent) to Beneficiaries/Intermediaries/Consultants on EURO Side and USD Side.
E> This is a private transaction, 20/15 exchange, tax immunity for all profit and commissions
F> USDP moves first both in the same bank, at the EUROP or USDP’s Bank, preferably the EUROP’s Bank. HE is interested in L2L whereas the USDP moves first at the EUROP’s bank. That’s why the (SELLER) EUROP’s name, his bank and the city that he is located in, and his contact information before he decides if he should proceed with the deal or not, if the city is safe, if the deal is feasible. It is for Due Diligence.
G> USDP requires POF from EUROP before the signature of the contract.
H> If no, the POF from EUROP should be submitted to the USDP bank's officer before the beginning of the exchange of swift MT 799 messages?
I> The Buyer’s Bank must be one of TOP 50 Prime Western World Banks, in order to be accepted.
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