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BABBARGROUP (wanted euro)
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Date Posted: 10:44:15 03/27/12 Tue
-MAIL: babbargroup@yahoo.in
RE: WANTED USD PROVIDER
CONTRACT VALUE USD 500 BILLION WITH R/E
FIRST TRANCHE USD 100 MILLION OR USD 500 MILLION.
3. TRANSACTION PROCEDURES:
3.1. USDP & EURP DIRECTLY OR THROUGH THEIR AUTHORIZED MANDATED REPRESENTATIVE WOULD ACCEPT, SIGN, SEAL AND RETURN THIS PRIVATE FOREIGN CURRENCY EXCHANGE AGREEMENT (PFCEA) ALONG WITH CLIENT INFORMATION SHEET, SIGNATORIES’ PASSPORT COPY, MANDATE APPOINTMENT (CORPORATE RESOLUTION) TOGETHER WITH THE IMFPA WHICH IS AN INTEGRAL PART OF THIS PFCEA, BY FAX OR EMAIL (USDP SEND HARD COPIES TO EURP BY COURIER SERVICE) AND LODGE IT WITH THEIR RESPECTIVE BANKS.
3.2. UPON SIGNED CONTRACT, THE EURP WILL ASSIST THE USDP TO OPEN AN ACCOUNT IN USD AT THE EURP BANK WHERE THE PFCEA WILL BE LODGED. IN A LEDGER TO LEDGER SYSTEM, WHERE THE USD WILL BE TRANSFERRED TO.THE USDP WILL OPEN THE USD ACCOUNT IN THE EURP BANK FOR LEDGER TO LEDGER SYSTEM THEREAFTER EURP WILL SEND PROOF OF FUND VIA SWIFT MT 799 TO THE USDP BANK.
EUR PROVE FIRST BY MT 799 AND USD MOVES FIRST BY MT 799
WITH LEDGER TO LEDGER IN EURO PROVIDER’S BANK
EURO-P BANK SWIFT MT799 (FREE FORMAT MESSAGE)
TO: USD-PROVIDER’S BANK COORDINATES:
ACCOUNT No:
"WE, XXXXXXXX , XXXXXXXX , CONFIRM UNDER FULL BANK RESPONSIBILITY THAT OUR CLIENT: XXXXXXX , XXXXXXX , FOR ACCOUNT NUMBER XXXXXXX , IS READY AND HAS THE ABILITY TO RECEIVE THE QUANTITY OF USD 49,500,000 (FOURTY NINE MILLION FIVE HUNDRED THOUSAND ) UNITED STATES OF AMERICA DOLLARS), THAT HE IS READY AND ABLE TO PROVIDE CLEAN, CLEAR AND NON-CRIMINAL EUROS, FREE FROM ANY CHARGES OR TAXES AND THAT OUR BANK, ON BEHALF OF OUR CLIENT OF XXXXXXXXXX, WILL PAY TO THE COORDINATES PROVIDED BY THE USD PROVIDER, WITH SAME DAY CREDIT BY UNCONDITIONAL SWIFT WIRE IN EUROS THE EQUIVALENT QUANTITY TO BE EXCHANGED, AS PER TERMS AND CONDITIONS OF THE AGREEMENT SIGNED, IMMEDIATELY AFTER OUR BANK HAS RECEIVED AND VERIFIED YOUR SWIFT.”
EURO provider WILL SEND COPY OF THE SWIFT MT799 VIA EMAIL xxxxxxxx TO THE USD-PROVIDER.
ALL NECESSARY DOCUMENTS FOR THE ACCOUNT OPENING AT EURP BANK)
3.3. THE USDP WILL TRANSFER / DEPOSIT THE USD INTO HIS ACCOUNT IN EURP’S BANK AND INFORM THE EURP’S BANK OFFICER WHO WILL BE THE SAME FOR THE USDP AND THE EURP FOR READINESS TO TRANSFER USD TO EURP’S ACCOUNT BY LEDGER TO LEDGER ACCOUNT TRANSFER.
3.4. THE USDP WILL CONDITIONALLY TRANSFER HIS USD TO THE EURP ACCOUNT AS PER TRANCHE SCHEDULE, FIRST TRANCHE TO BE USD 49.5 MILLION AND SECOND TRANCHE TO BE AMOUNT AS PER TRANCHE SCHEDULE AGREED IN APPENDIX 2.
3.5. THE EURP BANK OFFICER, AFTER RECEIPT, VERIFY AND AUTHENTICATE THE FIRST TRANCHE OF USD, FROM THE USDP ACCOUNT, WILL EXECUTE THE UNCONDITIONAL TRANSFER IN EURO OF THE EQUIVALENT AMOUNT OF USD TO THE ACCOUNT (IN EURO) TO BE INDICATED, BY THE USDP, IN ACCORDANCE WITH THE BANKING INSTRUCTIONS WITHIN THIS AGREEMENT.
3.6. COMMISSION WILL BE PAID BY THE EURP TO BOTH SIDES ALL BENEFICIARIES AS PER THE IMFPA.
3.7. FURTHER TRANCHES CONTINUE AS PER THE ABOVE PROCEDURE UNTIL THE USD IS EXHAUSTED OR THE PFCEA AMOUNT IS COMPLETED.
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