offer leasing bank instrument

Category: Finance

1 - Leasing Bank Instrument
2 - Transferability: NONE - Transferable
3 - Maximum Amount: USD 100,000,000.00 $
4 - Minimum Amount: USD 300,000.00 $
5 - Assignability: NONE - Assignable
6 - Verbiage: As per ICC Publication Number 758.
7 - Issuing Bank: Citi Bank Hong Kong / Duetshe Bank Germany.
8 - Validity: One Year and One Day from the Date of Issue. (Maximum)
9 - Leasing Fee: 2.5% face value of the instrument ( leasing 60 days ) or request annual rate if needs leasing longer say 12 months

Price: Pls ask

1 Receiver submits a letter of intent.
2 Issuer sends a deed of agreement with terms and procedures.
3 Both parties execute the deed of agreement.
4 Issuer sends a none - confirmed bank instrument via SWIFT as per the agreed text.
5 Receiver confirms through bank that SWIFT has been received and pays leasing fees to the sender..
6 Issuer confirms the paid fees and send confirmation via SWIFT to operationalize the bank instrument.
7 Issuer pays the broker the 0.5% brokerage fees. (Optional).

Download offer details in pdf..

SCO #453

#Finance