INSTRUMENT<\/a>:<\/strong><\/p>\nInstrument Type:\u00a0Bank Draft (BD) Cash-Backed<\/strong><\/p>\nIssuing Bank:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0DEUTSCHE BANK, HSBC, BARCLAYS BANK, RBS<\/strong><\/p>\nMinimum\/Tr:\u00a0 \u00a0 \u00a0\u00a0\u20ac10 Million (Ten Million Euros)<\/strong>
\nMaximum\/Tr:\u00a0 \u00a0 \u00a0\u20ac<\/strong>500 Million (Five hundred Million Euros)<\/strong>
\nPrice:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0XX% (X%) Percent of BD Face Value<\/strong>
\nCommission:\u00a0 \u00a0 \u00a0 \u00a0T<\/strong>wo<\/strong>\u00a0(2%) Percent of BD Face Value<\/strong>
\nCurrency:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0European Union Currency (\u20ac)<\/strong><\/p>\nPayment:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 MT103 wire transfer<\/strong><\/p>\nDelivery:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Hard copies will be delivered by bonded courier <\/strong><\/p>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\nTRANSACTION PROCEDURE:<\/u><\/strong><\/p>\n\n- Buyer submits duly sealed and signed LETTER OF INTENT\/DEED OF AGREEMENT (LOI\/DOA) on Buyer\u2019s Letterhead with full Banking Coordinate along with below compliance documents: \u00a0Accepted Verbiage for MT110, Corporate Payment Guarantee (CPG), Non-Solicitation Statement (NS), Client Information Sheet (CIS), Corporate Resolution (CR), Irrevocable Master Fee Protection Agreement (IMFPA), Buyer Signatory and Color Copy of Passport, Buyer Certificate of Incorporation (COI)<\/li>\n
- Upon receipt of the sealed, signed, LOI\/DOA and compliance document from\u00a0Receiver,\u00a0Provider\u00a0will counter sign and return it to\u00a0Buyer\u00a0in PDF at which time the LOI\/DOA becomes a formal and legal binding document between the two principals.<\/li>\n
- Provider issues bank draft and forward scanned copy to buyer for verification<\/li>\n
- Upon verification, the receiver gives Payment Guarantee (PG)<\/li>\n
- Upon the Provider’s receipt of\u00a0 the PG, the Provider will send MT110 to the receiver’s bank.<\/li>\n
- Within five (5) bank working days upon the receipt, confirmation of Provider\u2019s Swift MT110 Confirmation by Receiver\u2019s Bank Account Officer, Receiver shall instruct his bank to pay by Swift MT103 wire transfer the xx% (…………. PERCENT)\u00a0Instrument\u2019s Invoice Price to the\u00a0Provider\u00a0and\u00a0simultaneously pay\u00a02% (TWO PERCENT) commission to the brokers according to the Irrevocable Master Fee Protection Agreement.<\/li>\n
- After seven (7) days upon receipt of full payment of the xx%+2%\u00a0cost of the Bank Draft MT110 Instrument, Provider send Original Copies of the \u201cBank Draft\u201d, \u201cBank Sealed and Signed Swift MT110\u201d and \u201cConfirmation Letter\u201d directly to receiving bank by bank bonded courier.<\/li>\n<\/ol>\n
<\/p>\n
———— Contact us for the detailed Terms and Price ————–<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
BANK DRAFT (CASH BACKED) A bank draft is a check drawn on a bank\u2019s funds and is guaranteed by the bank that issues it. A bank draft is safer than a personal check when accepting large payments. To get a banker\u2019s draft, a bank customer…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[202,203],"class_list":["post-517","post","type-post","status-publish","format-standard","hentry","category-bank-instruments","tag-bank-draft-meaning","tag-bank-draft-provider"],"yoast_head":"\n
BANK DRAFT (CASH BACKED) - Grand City Investment Ltd<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n