Posted by on July 28, 2008 at 03:00:08:
In Reply to: Re: SBLC's for Immediate Leasing posted by Marat Moldakhmetov on April 29, 2004 at 14:57:16:
Atten:
Mr. Marat Moldakhmetov
We write to inform you of the receipt of your inquire. Please do see below for further information regarding to your request.
GUIDELINES & PROCEDURES
Together with our affiliate lending/investing banks we offer the following services:
� Leasing of Bank Instruments without Pre-Advise.
� Leasing of Bank Instruments with Pre-Advise.
� Leasing of an instruments to be used for Trading.
Only one instrument for each contract and only one contract per customer is acceptable. Once a customer has performed first contract,
a second application can be accepted.
Specifications
A clean Bank Instrument is available by a major international bank, assigned directly in beneficiary's name. Applicants have should be
familiar with the use of such an instrument and also how he can incorporate such a financial confirmation into his financial plans.
Quantum available:
Transactions shall be a minimum amount of US$ or EUR 100.000.000,+
The Bank Instrument will be assigned in personal or corporate name of the Applicant, as specified and agreed by Contract/Agreement.
The Bank Instrument is made available as Enhancement Instrument only. Applicant/Borrower may assign the rights to use the
Instrument (the ownership will be not transferred), however, he is not permitted to sell or discount the Instrument. If Applicant/Borrower
wishes to do so, arrangements can be made with the banks in line with banking rules and regulations during any time of the validity of
the bank instrument. If Applicant/Borrower will use the leased instrument as collateral, borrower's Bank must undertake, by swift, the
irrevocable commitment to return leased instrument unencumbered, free and clear of any debts or claim.
Fees:
Credit Enhancement Bank Instrument is available at ( SEE UPDATED LIST OF INSTRUMENTS WITH ISIN NUMBERS)
approximately 4 to 12% of Face Value Leasing Fee Plus 1.00% of Face Value Seller Side intermediary fees (CLOSED), for the
duration of 1 Year. (365 days). Buyer side mandates/consultants and intermediaries shall negotiate their fees directly with Buyer and
this shall be paid by the Buyer directly.
Type of Instrument and re-delivery:
Depending on availability, the Bank Instrument/Collateral is being offered in the form of Certificate of Debt: can be MTN, BONDS,
EUROPAPERS, COMMERCIAL PAPERS OR CD. BGs and SBLCs are also available. Applicant/Borrower must return the bank
instrument unencumbered to the Lender 15 days before his maturity date; it is possible to extend the leasing period for another two
years (yearly cost remains the one of first year) with 15 pre-advice days.
Pre advice request:
The Lender is able to organize the delivery of a pre advice swift MT999 and MT 799 to the Borrower's designated bank , after the
payment to a designated Clearing and Settlement account of the appointed Clearing and Settlement Company (Lending Manager) a
refundable deposit of amount of EUR 85,000, covering the banking expenses of our affiliate issuing bank that will organize the delivery
the pre advice swift.
Delivery of documents when pre advice is requested:
a) After the agreement is signed and the wire transfer of the above mentioned amount done, within 48 hours, the LENDER will reserve
the tranche of the above mentioned banking instruments by the Clearing and Settlement Company (Lending Manager). After that
Lender will instruct his bank to send a Pre Advice swift MT799 to the Borrower's designated Bank confirming his RWA to send the bank
instrument, and at the same time will send to the Borrower a Pre Advice of Invoice with all details of the Bank Instrument, Corporate
Deed of Assignment, Bond Power if requested, confirmation of Euroclear or Bloomberg, Security Card of the Stock Exchange market
where the instrument is quoted, Prospectus of the Issuing Program of the Bank if available, to permit the designated BORROWER'S
Bank Officer to check and authenticate the instruments.
b) The Designated LENDER'S Bank in the same time will send a confirmation of his RWA to delivery the bank instrument using SWIFT
MT 760. This confirmation will be sent directly to the Borrower's designated bank by swift MT999, and by swift MT799 through a official
correspondent bank of the Borrower's Bank. The Lender's Bank Officer will carry out the necessary due diligence function by swift and
the BORROWER'S Bank will confirm his RWA to receive the bank instrument to close the transaction and his awareness/knowledge
about this transaction answering by swift.
Delivery of documents when no pre advice is foreseen in the agreement:
After signature of this agreement and the wire transfer of the above mentioned amount agreed, within 48 hour after receipt of the above
mentioned amount in the Lending Manager Account, the LENDER will reserve the tranche of the above mentioned banking instruments
by the Clearing and Settlement Company (Lending Manager). After that will send a Pre Advise of Invoice with all details of the Bank
Instrument, Corporate Deed of Assignment, Bond Power if requested, Bloomberg Printout, Security Card of the Stock Exchange
market where the instrument is quoted, Prospectus of the Issuing Program of the Bank if available, to permit the designated
BORROWER'S Bank Officer to check and authenticate the instruments. Every instrument is screenable in Euroclear, Clearstream and
Bloomberg systems.
Payment of Fee:
� No deferred payments are possible, no deductions from any profits that Applicant/Borrower expects in the future or from a loan.
Lender is not willing to enter any joint venture arrangements or change any of these conditions.
� Applicant/Borrower shall be requested to activate an escrow account with the issuing bank with 1% of the requested instrument face
value.
Procedure step-by-step:
1. CLIENT SENT A SIMPLE APPLICATION TO REQUEST THE LEASING OF THE INSTRUMENT AND WILL CHOOSE ONE
INSTRUMENT OF OUR LIST.
2. EVERY REQUEST FOR OUR LEASING SERVICE MUST BE ACCOMPANIED BY A DETAILED DESCRIPTION OF THE
PROJECT, OR PURPOSE FOR WHICH THE BANK INSTRUMENT IS BEING LEASED.
3. THE CONTRACT WILL BE SENT FOR SIGNATURE, AND IN THE SAME TIME THE BORROWER WILL RECEIVE AN
INVOICE FOR THE EXPENSES DUE TO PERMIT TO COVER THE BANKING, SCREEN, CLEARING, ESCROW ACCOUNT
ACTIVATION, SETTLEMENT AND STOCK MARKET CHARGES TO ORGANIZE THE TRANSACTION, AMOUNTING TO 1% OF
THE REQUESTED INSTRUMENT VALUE:
FOR INSTRUMENTS WITH A FACE VALUE:
� UP TO 499 M. THE SETTLEMENT FEE IS EURO 120,000
� FROM 500 M. TO 999 M. THE SETTLEMENT FEE IS EURO 225,000
� FOR INSTRUMENTS ABOVE 1 B. THE SETTLEMENT FEE IS EURO 630,000.
PLEASE NOTE THAT IT IS IN EURO NO MATTER WHAT CURRENCY THE INSTRUMENT IS IN. THIS MONEY WILL BE
REFUNDED AFTER SUCCESSFULLY CLOSING THE TRANSACTION. THE LESSEE HAS THE RIGHT ALSO TO DEDUCT
THE ABOVE MENTIONED AMOUNT FROM THE SERVICE FEES TOTAL AMOUNT.
4. AFTER RECEIPT OF ALL DOCUMENTS SIGNED AND OF THE DEPOSIT OF THE SUM ABOVE DESCRIBED, THE LENDER
WILL PROVIDE FOR A PRO FORMA INVOICE WITH ALL DETAILS OF THE BANK INSTRUMENT, CORPORATE DEED OF
ASSIGNMENT, EUROCLEAR AND CLEARSTREAM PRINTOUT, SECURITY CARD OF THE STOCK EXCHANGE MARKET
WHERE THE INSTRUMENT IS QUOTED, TO PERMIT THE BORROWER'S BANKERS TO VERIFY. INVOICE FOR
COMMISSION TOO WILL BE SENT.
5. AFTER VERIFICATION, THE BORROWER MUST PROVIDE FOR CONDITIONAL PAYMENTS (CONDITIONED LETTER OF
CREDIT MT 700, OR CONDITIONAL SWIFT MT 103) NOT LATER THAN 20 DAYS FROM DATE OF PRO FORMA INVOICE
(POINT 4).
6. THE BORROWER HAS THE POSSIBILITY TO EXTEND THE DURATION OF THE CONTRACT ONCE IT HAS EXPIRED
TRANSFERRING EURO 10,000 TO THE LENDING MANAGER. THE 30 DAYS EXTENSION BEGINS ON THE FIRST DAY THIS
AGREEMENT EXPIRES.
7. AFTER RECEIPT OF THE CONDITIONAL PAYMENT, THE BANK INSTRUMENT WILL BE PURCHASED AND
TRANSFERRED BY SWIFT MT 760 TO THE DESIGNATED ACCOUNT OF THE BORROWER, TRANSFERRING ALSO ALL
THE RIGHT TO USE IT.
8. THE CONDITIONED PAYMENT WILL BE AT THAT TIME UNBLOCKED.
9. 15 DAYS BEFORE MATURITY, THE BORROWER'S BANK MUST RETURN BACK THE INSTRUMENT BY SWIFT TO THE
LENDER'S BANK UNENCUMBERED AND FREE OF LIENS.
At this stage we have provided the complete service Applicant/Borrower has ordered.
We do look forward to successful transactions.
Regards,
Mr. Edward Logeman.