OUR GENERAL GUIDELINES AND PROCEDURES TO BORROW BANK INSTRUMENTS
Provision of a Project, Commercial, Balance sheet and Credit Enhancement Bank Instrument, is 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.
Within the purposes of bank instruments leasing, our lenders offer the following services:
- Application for Leasing without Pre-Advise.
- Application for Leasing with Pre-Advise.
- Application for Leasing of an instrument 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 your name. Applicants have to be professionals who are familiar of how to use such an instrument. We do not educate or provide any advise as to how one can incorporate such a financial confirmation into his financial plans.
Total amount/availability:
Minimum/maximum: Transactions from a minimum amount of US$ or EUR 10.000.000,-are acceptable immediately, subject to approval of the Applicant/Borrower, availability of Applicant/Borrower funds and on a first come first serve basis.
Fees:
Credit Enhancement Bank Instrument is available at ( SEE UPDATED LIST OF INSTRUMENTS WITH ISIN NUMBERS) ..% of Face Value Leasing Fee Plus 2.00% of Face Value intermediary fees, for the duration of 1 Year. (365 days)
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. 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 ready, willing and 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) of an amount of EUR 85,000, covering the banking expenses of the bank that will organize the delivery of the pre advice swift.
Delivery of documents when pre advice is requested:
a) After signature of this agreement and the wire transfer of the above mentioned amount agreed, 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. We are not willing to enter any joint venture arrangements or change any of these conditions.
- Applicant/Borrower can pay the leasing fees by a bank backed promissory note (which expiring date will be negotiated) to be discounted by a provider bank against a proof of funds certification (this option must be declared in the application form as it foresees issuance of two agreements (leasing and discounting agreements).
Global Master Security Lending and Borrowing Agreement:
The contractual documentation is negotiated in the line with Applicant/Borrower specific requirements. Once the parties have duly executed a Contract/Agreement, the Applicant/Borrower is the only legal and authorized entity, which is allowed to handle the leasing transaction, to receive the documents and to maintain a communication with the Provider.
Bank communication:
Issuing and Receiving banks will not communicate and will not deal directly with each
other UNLESS; the Principal of the transaction has given permission in writing. There
shall be total freedom of communication between the Principals of the contract at all
times.
The Borrower's Banks must be banks which are listed in the International Bankers Almanac.
Knowledgeable and awareness of the bankers:
The Bank Officer(s) of the Borrower, provided that the Borrower Closing bank is qualified as per the above, must be fully aware and knowledgeable of the ongoing leasing transaction. This means that at any specific time, when a Bank-to-Bank communication will be established, between the Borrower Bank(s) and the Provider's Bank, whether for Pre-Advise transfer or for the Instrument transfer, the Bank Officers) of the Borrower Closing Bank will be in a position to fully approve the receipt of the Instrument in favor of the Borrower, as well in the position to confirm payment for this Instrument. (Guarantee to give back the original bank instrument to the issuing bank 15 days before his maturity date unencumbered and free on liens by swift)
Penalty and expenses for extension:
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.
Procedure step-by-step:
- CLIENT SENT A SIMPLE APPLICATION TO REQUEST THE LEASING OF THE INSTRUMENT AND WILL CHOOSE ONE INSTRUMENT OF OUR LIST.
- 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.
- 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, SETTLEMENT AND STOCK MARKET CHARGES TO ORGANIZE THE TRANSACTION, AMOUNTING TO:
FOR INSTRUMENTS WITH A FACE VALUE:
• UP TO 499 M. THE SETTLEMENT FEE IS EURO 20,000
• FROM 500 M. TO 999 M. THE SETTLEMENT FEE IS EURO 25,000
• FOR INSTRUMENTS ABOVE 1 B. THE SETTLEMENT FEE IS EURO 30,000.
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.
- 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.
- 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).
- 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.
- 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.
- THE CONDITIONED PAYMENT WILL BE AT THAT TIME UNBLOCKED.
- 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. -This is the end of the transaction.
LEGAL NOTICE
DISCLAIMER
The facilities detailed in this homepage are not subject to the provisions of the United Kingdom Financial Services Act 1986 or any amendment thereto ("the act"). The facilities are specifically exempted from the act by way of note 5 to clause 13b of part I of the act. We are not registered as a financial adviser under the act and we do not offer any form of investment advice nor provide nor sell any form of investment or security as defined within the act. The announcement on these pages does not constitute an offer or an invitation to purchase any securities. Our financial service is provided strictly against payment of an attorney's funding/arrangement fee. We do not enter into any joint venture or participate in your business. The release of the fee is not conditional upon the success or otherwise of the investment strategy to be employed by the applicant.
NO OFFER:
This material contains exclusively information. Nothing received from Our Financial Institution now and in the future should be construed as an offer solicitation or recommendation to buy or sell any investment or to engage in any other transaction. This information and any received from Our Financial Institution in the future does not constitute an offer, solicitation or recommendation to buy or to sell any securities for investment, nor an offer, solicitation or recommendation of any other kind. The information is given solely for educational - and informational purposes, requested by you (the party to whom the information is transmitted), exclusively for the personal use of the recipient.
NO WARRANTY:
All information and opinion contained on the site is provided without any warranty of any kind, either express or implied, to the fullest extent permissible pursuant to applicable law. All information and opinion is provided to assist prospective investors in making their own decisions without any guarantees as to accuracy, reliability or completeness. The information provided now and received from Our Financial Institution in the future does not contain investment-, legal-, accounting-, tax- or other advice or opinion and should not be relied upon for any specific investment or other purposes. A competent professional should always be consulted before utilizing any information existing now and received from Our Financial Institution in the future.
You must keep the information strictly confidential and you are not allowed to make the information available to others without written consent from Our Financial Institution.
WE ARE THE AUTHORIZED REPRESENTATIVES OF THE PROVIDER COMPANY. ALL THE DEALS MUST BE MANAGED AND CHECKED FROM OUR SIDE, SO WE ACT COMPLETELY ON BEHALF OF THE PROVIDER IN FORCE OF A BOARD OF RESOLUTION. WE WILL DECIDE ABOUT THE DUE DILIGENCE AND ABOUT THE ACCEPTANCE OF THE CLIENT/BUYER.
The above-mentioned details are for information purposes only and not to be considered a Solicitation of Funds or to Sell Securities or other commodities.
We reserve the right to accept or reject all form of Documentation incomplete or unprofessional email communication.