MTNS, BGS payable in 60 days
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Please send your offers urgently for instruments up to 1 Billion (EUR or USD) . Commission rate is 2% for both sides to be split 50/50.
We have several clients looking to buy bank instruments (MTNs, BGs) at 100% of face value payable in 60 days.
1) Buyer will send RWA /LOI and compliance documents to seller
2) Seller will sign and seal the RWA/LOI that becomes the Memorandum of Agreement
3) Buyers bank - a world major bank - will send to sellers bank an MT799 stating under bank responsibility that 100% face value of the offered instrument will be paid within 60 days
4) Sellers bank - a world major bank - will respond to the MT799 stating delivery date of the bank instrument
5) Within 8 banking hours after delivery and receipt of the instrument, Buyer will issue an Irrevocable Bank Pay Order (ICBPO) for 100% face value payable in 60 days.
6) Within 7 banking days after issuance of the ICBPO, seller delivers hard copies of the instruments via bank bonded courier to buyers bank
Details can be discussed off-line after your offer has reached us.