The procedure is very simple; the instrument will be reserved on
euro clear to be verified by your bank, after verification an
arrangement will be made for necessary bank documents and stock
testing expenses, the cost of the Bank Guarantee will be paid after
the delivery of the MT**0,
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A)
2. Total Face Value: Eur 5M MIN and Eur *0B MAX (Ten Billion
USD).
3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank
Frankfurt.
4. Age: One Year, One Month
5. Leasing Price: 6% of Face Value plus 2% commission fees to
brokers.
