Re: LEASED BG AGAINST BANK MT199 OR BANK ICBPO -- BANKING INSTRUMENTS FORUM

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 21:27:31 02/03/12 Fri
Author: kentan (we need to lease)
Subject: Re: LEASED BG AGAINST BANK MT199 OR BANK ICBPO
In reply to: Biznes Global 's message, "LEASED BG AGAINST BANK MT199 OR BANK ICBPO" on 12:42:15 05/14/11 Sat

>PROCEDURE
>
>1- Buyer/Lessee submits LOI with full banking, CIS,
>passport, FPA.
>
>2- The seller countersigns the LOI with full banking
>and email to
>buyer/borrower/Lessee email- WITH AN INVOICE OF XX%
>FEE.
>
>3- BCL RWA BANK will send a MT 199 confirming
>readiness to receive
>the MT760 and seek return SWIFT MT 199 RWA for
>issuance of BG direct
>to Funding Bank.
>
>4- BG issuing Bank to issue MT 199 (direct to funding
>bank)
>confirming readiness to issue BG by MT 760 and seek
>return SWIFT MT
>199 confirmation of the Funding within 15 Banking days
>of receiving
>the BG.
>
>5- Funding Bank will confirm by return MT199
>confirming readiness
>to fund the Project on receipt of an acceptable MT 760
>as per URDG
>458.
>
>6- BG issuing will issue the MT 760.
>
>8- Funding bank will fund the MT 760 and fees paid out
>of
>the credit line as per SWIFT MT 199 confirmation of
>the Funding.
>
>SWIFT MT199 confirmation of funding within 15 Banking
>days of receiving the BG.
>
>An MT 199 confirming readiness to fund against a BG to
>be issued by MT 760 read in conjunction with Article
>11 of UCP is as good as ICBPO; any banker will tell
>you this.
>
>BG Amount needed 10 M Euros -50M Euros.
>
>Format: MT760 URDG 458.
>
>
>Preferred Banks: TOP 25 BANKS
>CAN PROCEED ACCORDING TO OUR PROCEDURE.

[ Next Thread | Previous Thread | Next Message | Previous Message ]