AVAILABLE FRESHCUT BANK INSTRUMENT (STANDBY LC) FOR PURCHASE ONLY
NO UPFRONT FEES/CHARGES/PAYMENT
Issuing Bank: ABN AMRO Netherlands
Minimum of
Amount: USD/EURO 500
Million
Contract Amount: USD/EURO 5 Billion
Procedure: Bank to Bank
Price: 46%+3%
Procedure:
1) Receiver signs DOA.
2) Within 48 (Forty-Eight) hours - Provider countersigns DOA.
3) Within 3 (Three) banking days - Receiver's bank sends RWA with POF/BCL to Provider's bank via secured bank email.
4) Within 3 (Three) banking days - Provider's bank sends RWA/Pre Advice via MT799.
5) Within 2 (Two) banking days - Receiver's bank sends BPU via MT799.
6) Within 5 (Five) banking days - Provider's bank issues MT760.
7) Within 3 (Three) banking days - Receiver releases the payment.
8) Within 7 (Seven) banking days - Hard copy will be sent to Receiving Bank.
If anyone interested, please do not hesitate to contact us.
