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Buyer request these procedures:
PROCEDURES
THIS IS COMPLETED ON EUROCLEAR EXTERNAL SCREEN BRUSSELS
BUYER sends RWA CONTRACT with banking details, including enlarged copy of Signatories Passport, Client Information Summary, and Master Fee Protection Agreement and Non Solicitation Statement and History of Funds and Corporate Res.
SELLER signs the RWA CONTRACT as read and approved by him, adding his full banking details for the dispatch of the Corporate Invoice, corresponding to the first Tranche of the transaction.
Within one (1) international banking day from the signature by the SELLER of this Letter of Intent and the dispatch of the same, signed to the BUYER, the SELLER will send Corporate Invoice plus a copy of the Title Page showing beneficial ownership by e-mail: _________________ and Fax----------------------------------------------- This Corporate Invoice must include: Registration Number, Euro clear Access Code, Cusip Number, Issuing bank, date of issue, maturity date, complete screening information and other data for authentication and verification of the instruments on the Euroclear External Screen (Brussels).
Within One (1) International Banking hours, after receipt of the above referred to Corporate Invoice, Buyer will validate and authenticate on Euroclear Screen (Brussels)., we will block the transaction using the blocking codes provided on the Invoice,and will post a Cash Buy Ticket in favor of the Seller for 500m on the Euroclear Screen (Brussels) as a POF, and settle via Fed Wire, MT 103 or as agreed between Buyer and Seller
After the SELLER’s Bank has received Euroclear settlement or payment by SWIFT MT 103 or Fed Wire, Within Eight (8) international banking hours of clear funds, Seller’s Bank will electronically deliver the MTN’s via Swift MT 760 .
Upon receipt of the funds via electronic transfer, the SELLER’s bank shall immediately deliver the safe keeping receipts. Physical delivery of the actual instruments will be made within seven (7) international banking days to the BUYER’s bank or other such depository designated in the BUYER’s bank delivery instructions.
Following tranches will be executed as agreed by both principals until the agreed amount of MTN’s is exhausted.
Contact Mr. Anderson
email: enetjeff@msn.com
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