NEW NO UPFRNT FEE PROCEDURE FOR CREDIT LINE HOLDERS FOR LEASE 10+3
 

http://www.bg-sblc.com/NO-UPFRONT-FEE-PROCEDURE-FOR-CREDIT-LINE-HOLDERS.php

TRANSACTION PROCEDURES:
 
 
1.           After the Lessee passes the due diligence with the documents he has sent to the Lessor before the signing of the contract (CIS, Certificate of Incorporation, Board Resolution, Bank RWA Letter and LOI) and the Lessor has accepted the receiver’s application, Lessee and Lessor signs the Contract, which thereby automatically becomes a full recourse commercial contract. 
 
2.           Immediately the Receiver’s bank will send RWA via banking e-mail and/or swift MT-799 RWA to initiate the bank to bank process communication, to designed bank coordinates indicated by the Lessor.  Receiver’s bank sends a courtesy copy of the RWA to e-mail: hussaintokyo5@gmail.com 
 
3.           The banking RWA issued by the receiving bank must certify that its customer has an active credit line available to receive our bank instrument for the amount contracted; Or certify that your client has funds deposited and blocked in a bank account to make the lease payment of the contracted banking instrument, within three banking days of receiving the swift MT-760.
 
4.           Within Three (3) banking days of receipt of the banking RWA,Sender’s Issuing bank sends swift MT-799 and a courtesy copy of swift to Receiver to confirm the swift.
 
 4.  Within Three(3) banking day of receipt of the pre-advice MT799 by Receiving Bank, Receiver’s bank will send a Swift MT799 BPU (Banking Payment Undertaking), guaranteeing the payment of the agreed leasing costsand response to SENDER’s Sending Bank, to send the bank instrument via Swift MT760 to RECEIVER’S receiving bank, with copy of the Swift to SENDER.   
 
5.   Within Three (3) banking days, the SENDER's Issuing Bank will deliver the BG/SBLC by SWIFT MT760 to the RECEIVER’s Receiving Bank, and send the hard copy of the BG/SBLC through bank bonded courier within TEN (10) banking days after received the final payment leasing fees in the bank coordinates designed by the Sender, will be paid via wire transfer swift MT-103/202 from receiving bank.
 
6.          Any unauthorized calls by any party or its representative lawyers to probes or communication in an improper way to bank(s) in this transaction shall be prohibited and contract terminated.
 
 
 
exhibit  a
 
(Bank RWA letter when the Receiver has a permit Credit Line)
                                                                                                    
To:         BENEFICIARY  COMPANY NAME
XXXXXXXXXXXXXXX
XXXXXXXXXXXXXXX
XXXXXXXXXXXXXXX
 
ATTENTION: XXXXXXXXXXXXXXX
 
In accordance with instructions received, we (___ RECEIVING BANK NAME ___)located at (_______________ FULL  BANKING  ADDRESS ______________) on behalf of our client (___ BENEFICIARY COMPANY NAME ___), with account number ___________ hereby irrevocably confirm that he has a Credit Line with us.
 
We are ready willing and able to utilize your issued (___ BANK  INSTRUMENT ___) using SWIFT System delivery protocol in the amount of €000,000,000.00 (___ AMOUNT  IN  WORDS ___) against your credit facilitate.  We further confirm that the said cost of issuance of the (___ BANK  INSTRUMENT ___) using the agreed delivery protocol will be paid within three (3) banking days.
 
The funds to be transferred/wired are good, clean and cleared funds of non-criminal origin from a legal source. 
 
For and on behalf of (___ RECEIVING  BANK  NAME  &  FULL BANK ADDRESS ___)
                
-----------------------                                  
1.BANK OFFICER NAME:                                                               
TITLE:                                                                                         (BANK SEAL)              
ID PIN:
PHONE NUMBER:
BANKING EMAIL:
 
-----------------------                                  
2.BANK OFFICER NAME:                                                               
TITLE:                                                                                         (BANK SEAL)              
ID PIN:
PHONE NUMBER:
BANKING EMAIL:
(Bank RWA letter when the Receiver has own fund to pay for Company Credit Enhancement)
 
 
To:         BENEFICIARY  COMPANY NAME
XXXXXXXXXXXXXXX
XXXXXXXXXXXXXXX
XXXXXXXXXXXXXXX
 
ATTENTION: XXXXXXXXXXXXXXX
 
In accordance with instructions received, we [______ BANK NAME ______] located at [_____ BANK ADDRESS _____] on behalf of our Beneficiary  [___ BENEFICIARY COMPANY NAME ___] with account number [___ ACCOUNT NUMBER ___], hereby irrevocably confirm that our client [___ BENEFICIARY COMPANY NAME ___]  has the required financial capability in the amount of EUR 000,000,000.00 (_______ AMOUNT  IN  WORDS _______) to pay for the (___ BANK  INSTRUMENT ___) once it is received.
 
The Beneficiary is ready willing and able to utilize your issued (___BANK INSTRUMENT___)using SWIFT System delivery protocol in the amount of EUR 000,000,000.00 (___ AMOUNT  IN  WORDS ___) against your credit facilitate.  We further confirm that the said cost of issuance of the (___ BANK  INSTRUMENT ___) using the agreed delivery protocol will be paid within three (3) banking days.
 
The funds to be transferred/wired are good, clean and cleared funds of non-criminal origin from a legal source. 
 
For and on behalf of (___ RECEIVING  BANK  NAME  &  FULL BANK ADDRESS ___)
 
-----------------------                                  
1.BANK OFFICER NAME:                                                                
TITLE:                                                                                         (BANK SEAL)              
ID PIN:
PHONE NUMBER:
BANKING EMAIL:
-----------------------                                  
2.BANK OFFICER NAME:                                                               
TITLE:                                                                                         (BANK SEAL)              
ID PIN:
PHONE NUMBER:
BANKING EMAIL:
 
“EXHIBIT b”
SAMPLE SWIFT MT 799 FROM ISSUING BANK TO Receiver BANK
(Text may vary in substance but the essential undertaking must be maintained)
 
FROM:
BANK NAME:
BANK ADDRESS:
BANK TEL:
BANK FAX:
BENK OFFICER NAME: 
SWIFT CODE: 
ACCOUNT NAME: 
ACCOUNT NO: 
 
TO:
BANK NAME: 
BANK ADDRESS:
BANK TEL:
BANK FAX:
BENK OFFICER NAME: 
SWIFT CODE: 
ACCOUNT NAME:
ACCOUNT NO:
 
trANSACTION CODE:
AMOUNT:
CURRENCY:
BENEFICIARY:
 
FOR VALUE RECEIVED, WE, ----- {NAME OF ISSUING BANK} -----, AT ----- {FULL BANK ADDRESS} -----, HEREBY ISSUE OUR IRREVOCABLE, UNCONDITIONAL AND NEGOTIABLE BG NO: --------- IN FAVOUR OF THE BENEFICIARY ……………………………………………………………………………… FOR THE AMOUNT OF USD/EUR ………………………………………………, AMOUNT IN WORDS {……………………… USD/EURO}, VALID FOR ONE (1) YEAR AND ONE (01) DAYS AND DUE FOR PAYMENT AT MATURITY ON __________ {1 YEAR + 1 DAY MATURITY DATE FROM ISSUING DATE} _____________ 
 
WE HEREBY IRREVOCABLY AND UNCONDITIONALLY UNDERTAKE TO PAY IN FULL AGAINST THIS BG AT MATURITY, WITHOUT ANY PROTEST, DELAY OR OBJECTION, THE SUM OF USD/EUR …………………………………………………TO THE ORDER OF ……………………………………………………………………………………………, THE BENEFICIARY’S THE BEARER OR HOLDER THEREOF AT MATURITY. SUCH PAYMENT SHALL BE MADE FREE AND CLEAR OF ANY DEDUCTIONS CHARGES, FEES OR WITHHOLDING, UPON RECEIVING BENEFICIARY’S FIRST DEMAND VIA BANK WIRE SYSTEM  ANDSURRENDER OF THIS BG NO: -------------- AT THIS BANK AT MATURITY DATE. 
 
THIS BG IS TRANSFERABLE AND ASSIGNABLE WITHOUT PRESENTATION OF IT TO US AND WITHOUT PAYMENT OF ANY FEES.  WE HEREBY ENGAGE WITH YOU THAT THE DEMAND MADE UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS BG, SHALL BE DULY HONOURED ON DUE PRESENTATION TO US. THE DEMAND HEREUNDER MUST BE MARKED DRAWN UNDER BG NO: -------- DATED, _________ {GUARANTEE ISSUE DATE}  
 
THIS BG IS CONSTRUED, GOVERNED AND ISSUED IN ACCORDANCE WITH THE RULES, REGULATIONS AND PRACTICES AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE {ICC}, PARIS, FRANCE, PUBLICATION 758, LATEST REVISION. 
 
THIS SWIFT IS OUR VALID AND OPERATIVE INSTRUMENT. NO MAIL CONFIRMATION WILL FOLLOW. ALL CHARGES ARE FOR THE ACCOUNT OF APPLICANT.
 
Please confirm you are ready to receive and fund this bank instruments with good, clean, clear FUNDS OFnon-criminal origin.
  
For and on Behalf of <Name of Issuing Bank> , <Address of Issuing Bank>
 
______________________                                     ______________________
Authorized Bank Officer 1                                          Authorized Bank Officer 2
<Name, Title, PIN Code>                                    <Name, Title, PIN Code>

 
“EXHIBIT c”
DRAFT TEXT OF MT 799 BANK PAYMENT UNDERTAKING (BPU)
NOTIFICATION                                  :
DELIVERY STATUS                            :
PRIORITY/DELIVERY                        :
MESSAGE INPUT REFERENCE        :
          ---------------------------------------MESSAGE HEADER----------------------------------------   
SWIFT INPUT   :  MT799 BANK PAYMENT UNDERTAKING
FROM:
BANK NAME:                         
BANK ADDRESS: 
SWIFT CODE:  
BANK OFFICER: 
AMOUNT:  
ACCOUNT NAME:    
TO: 
BANK NAME:
BANK ADDRESS:                    
ACCOUNT NAME:                  
ACCOUNT NUMBER:                             
IBAN:                                                        
BIC (SWIFT):                                            
BANK OFFICER:                      
BANK PHONE NO:                 
BANK OFFICER E-MAIL:
TRANSACTION CODE:  
 
DEAR SIRS,
 
WE, -----------------------------------------------------------, REPRESENTED BY THE UNDERSIGNED OFFICERS, HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY, THAT WE IRREVOCABLY HOLD FOR OUR CLIENT, (LESSEE/CLIENT COMPANY NAME), UNDER ACCOUNT NUMBER: -------------- CASH FUNDS AMOUNTING TO EURO 000.000.000,00 (EURO ________________ MILLION), PRESENTLY HELD UNDER CUSTODY WITH OUR BANK, IN FAVOR OF (LESSOR’S COMPANY NAME).    
                                                
WE FURTHER CONFIRM THAT THESE FUNDS ARE GOOD, CLEAN, CLEARED UNITED OF NON-CRIMINAL ORIGIN AND ARE FREE OF ANY LIEN AND ENCUMBRANCES AND WE HAVE PLACED AN ADMINISTRATIVE BLOCK ON THESE FUNDS IN FAVOR OF (LESSOR’S COMPANY NAME) FOR THEIR BENEFIT FOR A PERIOD OF FORTY-FIVE (45) BANKING DAYS OR UNTIL THE TRANSACTION IS COMPLETED AS CONTAINED IN CONTRACT WITH TRANSACTION CODE:____________, AND THE FUNDS WILL REMAIN UNENCUMBERED DURING THIS PERIOD.
 
THIS OPERATIVE INSTRUMENT IS NEGOTIABLE, TRANSFERABLE, AND ASSIGNABLE, WITHOUT PRESENTATION TO US. THIS BANK BLOCK FUNDS IS SUBJECT TO THE UNIFORM RULES FOR BANK GUARANTEES UNDER ICC PUBLICATION NO 758 AND ITS LATEST REVISION.
 
THIS IS AN OPERATIVE INSTRUMENT AND NO MAIL OR HARD COPY CONFIRMATION TO FOLLOW.
YOURS FAITHFULLY,
 
FOR AND ON BEHALF OF (NAME AND ADDRESS OF THE ISSUING BANK)
 
BANK OFFICER #1                                                                                                   BANK OFFICER #2 
“EXHIBIT d”
SAMPLE SWIFT MT-760 FROM ISSUING BANK TO receiver BANK
(Text may vary in substance but the essential undertaking must be maintained)
 
FROM
BANK NAME: 
BANK ADDRESS:
BANK TEL:
BANK FAX:
BENK OFFICER NAME: 
SWIFT CODE: 
ACCOUNT NAME: 
ACCOUNT NO:  
 
TO
BANK NAME: 
BANK ADDRESS:
BANK TEL:
BANK FAX:
BENK OFFICER NAME: 
SWIFT CODE: 
ACCOUNT NAME:
ACCOUNT NO:
 
BANK GUARANTEE NO.:     
ISSUING BANK NAME:      
BANK ADDRESS:           
CURRENCY:       
ISSUED DATE:
MATURITY DATE:  
AMOUNT:
APPLICANT:               XXXXXXXXXXXXXX
BENEFICIARY:          XXXXXXXXXXXXXX        
 
 
FOR VALUE RECEIVED WE THE UNDERSIGNED,……………………………………,ADDRESS AT _________________________, HEREBY IRREVOCABLY, UNCONDITIONALLY AND WITHOUT PROTEST OR NOTIFICATION ON FIRST DEMAND, PROMISE TO PAY AT MATURITY TO THE ORDER OF ___________ THEREOF, THE SUM OF …………………………………………………. (………………………………………………………….USD/EURO) IN THE LAWFUL CURRENCY OF THE ……………………………………. UPON PRESENTATION AND SURRENDER OF THIS GUARANTEE AT THE OFFICE OF ………………………………………………………….
 
SUCH PAYMENT SHALL BE MADE WITHOUT SET OFF AND SHALL BE UNENCUMBERED FREE AND CLEAR OF ANY DEDUCTIONS, CHARGES, FEES OR WITH HOLDING OR ANY NATURENOW OR HEREAFTER IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.
 
THIS GUARANTEE IS FULLY CASH BACKED WITH FUNDS ON DEPOSIT THAT ARE GOOD, CLEAN, CLEARED OF NON-CRIMINAL ORIGIN, FREE OF ANY LIENS OR ENCUMBRANCES LEGALLY EARNED BY THE APPLICANT. THIS BANK GUARANTEE IS UNCONDITIONAL, TRANSFERABLE, ASSIGNABLE, DIVISIBLE AND CONFIRMED WITHOUT PRESENTATION OF IT TO US AND SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE UNITED KINGDOM.
 
THIS BANK GUARANTEE IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICES FOR BANK GUARANTEE AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE - PARIS - FRANCE, LATEST REVISION OF PUBLICATION 758.
 
THIS IS AN OPERATIVE INSTRUMENT, NO MAIL CONFIRMATION WILL FOLLOW.
 
For and on behalf of:XXX ISSUING BANK XXX ,XXX ISSUING BANK ADDRESS XXX 
 
 
BANK OFFICER 1                                                             BANK OFFICER 2
TITLE (PIN)                                                                TITLE (PIN)