Eur Provider Available

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Eur Provider Available

Post  Admin on Thu Nov 29, 2012 6:02 am

Eur Provider Available

1/ contarct will be signed

2/ USD must send first MT 799 EUR will send MT 799 back

3/ USD move fisrt

4/ EUR provider is not TOP 25 bank ,
СORRESPONDENT BANK DEUTSCHE BANK TRUST COMPANY AMERICAS
ADDRESS NEW YORK, USA

5/ last sign contact with BNP Baribas

. TRANSACTION PROCEDURES:

3-1) EURO PROVIDER, (OR THEIR AUTHORIZED REPRESENTATIVE), ACCEPTS, INITIALS, SIGNS, SEALS AND RETURNS THIS PRIVATE FOREIGN CURRENCY EXCHANGE AGREE-MENT, (PFCEA), ALONG WITH THE IMFPA AND ADDITIONAL REQUIRED DOCUMENTS TO THE USD PROVIDER, (OR THEIR AUTHORIZED REPRESENTATIVE).

3-2) UPON RECEIVING A SUCCESSFUL “EURO PRINCIPAL DUE DILIGENCE” REPORT, THE USD PROVIDER FULLY COMPLETES, INITIALS, SIGNS, SEALS AND RETURNS THIS PRI-VATE FOREIGN CURRENCY EXCHANGE AGREEMENT, (PFCEA), TO THE EURO PROVIDER IN “PDF” FORMAT, (HARD COPIES TO BE SENT BY COURIER IF REQUIRED).

3-3) THE USD P BANKER CONTACT THE EURO P BANKER AND BOTH’S BANKERS ARRANGE THE PROCEDURE.

3-4) THIS AGREEMENT ALONG WITH THE IMFPA IS THEN LODGED WITH EACH PARTY’S BANK.

3-5) THE USD PRINCIPAL’S BANK TRANSFERS USD, VIA MT103 CONDITIONAL SWIFT, TO THE EURO PRINCIPAL’S BANK COORDINATES THE FIRST TRANCHE OF $49,500,000.00, (FORTY NINE MILLION FIVE HUNDRED THOUSAND USD).

3-6) UPON VERIFICATION, THE EURO PRINCIPAL’S CLOSING BANK SHALL THEN SEND, ON THE SAME BANKING DAY AS ABOVE, VIA SWIFT MT103 UNCONDITIONALLY, THE EURO EQUIVALENT OF THE USD PROVIDER’S MT103 CONDITIONAL SWIFT, LESS THE “15% DISCOUNT” TO THE USD PRINCIPAL’S BANK COORDINATES THEREBY CAUSING RE-LEASE OF THE USD PROVIDER’S MT103 CONDITIONAL SWIFT.

3-7) SUBSEQUENT TRANCHES ARE TO BE CONDUCTED AS PER PROCEDURE STEPS 3-6, (IN ACCORDANCE WITH THE TRANCHE SCHEDULE ~ SEE ANNEX “B”), AND 3-7 UNTIL THE USD IS EXHAUSTED OR THE AMOUNT OF THIS AGREEMENT IS COMPLETED.

BANKING COORDINATES OF EURO PRINCIPAL AND USD PRINCIPAL AS PER ANNEX “A”

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