h,ardour centre 680 castle peak,kowloon,hk,h.k,h.k,Hong Kong
BANK INSTRUMENT DETAILS
Instruments |
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BANK GUARANTEE, ICC NO. 458 (Exhibit “A”) |
Currency |
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Euros |
Issuer |
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Deutche Bank LONDON,HSBC LONDON,UBS LONDON. |
Contract Amount |
: |
1 BILLION Euros (€1,000,000,000.00) + R&E |
Subsequent Tranche |
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500 M (500.000,000.00) |
Denomination |
: |
To be advised |
Term |
: |
One (1) year and One (1) day |
Age |
: |
NEW ISSURE |
Interest |
: |
Zero coupon |
Invoice Price |
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60% +2% (commission) of face value |
Commission |
: |
2% of face value . |
Payment |
: |
PAY ORDER (ICBPO) - SWIFT MT103 |
Transaction Mode |
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BY HARD COPY TO BE DELIVERED VIA BONDED BANK COURIER o Ledger to Ledger Transfer |
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CLOSING PROCEDURE FOR TRANSACTION:
}1. The Buyer submits this LOI with full banking coordinates, Corporate Profile (Client’s Information Sheet), Non Solicitation Letter, Board of Resolution, Passport, Master Fee Protection Agreement.
}2. The Seller signs this LOI providing Seller’s bank coordinates with name of bank, SWIFT code and returns it to the Buyer, the Seller’s Bank shall send a PRE-ADVICE SWIFT MT-799 to the Buyer’s Bank.
}3.Within 3 international banking days, the Buyer shall issue ICBPO MT799 covering the instrument fee 60% to seller’s nominated bank account. Copy of ICBPO MT799 will be send to seller for acknowledgement.
}4.Upon confirmation of ICBPO MT799 covering the instrument fee 60%, Seller's bank shall deliver the BG via authenticated Swift MT760.
}5. Within 72 hours of receiving the authenticated MT760, the buyer shall release full payment via MT103 unconditional. Master Paymaster shall effect payment to all the intermediaries according to the Master Fee Protection Agreement without delay or withholding. Hard copy shall be delivered via bank bonded courier within Seven (7) banking days.
}6.A master fee protection agreement with this Transaction code and date shall be made an integral part of this LOI/Contract as an attachment.
7. SANCTIONS (NON PERFORMANCE)
After this contract is signed by both Seller and Buyer, and copies exchanged electronically or otherwise by a delivery service, failure to follow the closing procedure in time and form herein is considered breach of this contract and puts the failing party in default position to pay a onetime penalty fee of 2% of the first tranche of the contract to the suffering Party. (1% FOR INTERMARY AGENCY BOTH PART.)