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Ever fine (asia) limited > bank instruments trading

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  • Product Name:  bank instruments trading
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  • Product Catalog:   Financial Tax Services

    • Description

  • We are direct to a seller offering Fresh Cut bank guarantees (with min face value of USD6m and max. face value of USD150m) at 70% from top 25 European banks including the following: (a) Barclays Bank, London (b) Credit Suisse, Zurich (c) Credit Suisse First Boston, London (d) Deutsche Bank, Frankfurt (e) Hongkong Shanghai Banking Corporation (f) Lloyds TSB, London (g) National Westminster Bank, London (h) Royal Bank of Scotland, London (i) Union Bank of Switzerland, Zurich. PROCEDURES Buyer submits LOI + POF + Client Profile + Signature to text of proposed BG (where buyer is a company, copies of board minutes and certificate to be furnished as well). Seller then furnishes contract for buyer's review and signature. Buyer's bank issues acceptable Conditional Bank Undertaking. Seller's bank issues the BG. Buyer's bank remits payment after verification and authentication. WHERE BUYER'S BANK REQUIRES A PREADVICE FROM SELLER'S BANK In such circumstances, the above-mentioned procedures shall be varied as follows AFTER the contract is signed: Buyer submits LOI + POF + Client Profile + Signature to text of proposed BG (where buyer is a company, copies of board minutes and certificate to be furnished as well) Seller then furnishes contract for buyer's review and signature. Buyer's bank issues a request (in an acceptable form) to seller's bank requiring issuing bank to issue preadvice before Bank Undertaking is issued. Seller arranges for issuing bank to issue the preadvice. Buyer's bank issues acceptable Conditional Bank Undertaking Seller's bank issues the BG Buyer's bank remits payment after verification and authentication. WHERE BUYER BUYS WITH CREDIT LINE: Where Buyer has a Credit Line and Buyer's bank requires a preadvice before issuing a MT100/72, the procedures will be varied accordingly: 1. In lieu of proof of funds, LOI to be accompanied by evidence of the loan facility letter. 2. The bank providing the loan or line of credit must send a request for a "Pre-Advice?¡À to a nominated bank using an agreed text which shall be furnished. This request to be sent to seller's bank AFTER contract is exchanged. 3. The bank providing the loan or line of credit will also be required to endorse the text of the instrument being issued attesting that it is acceptable to them. 4. Confirmation of the intent to issue a guarantee will be confirmed, bank-to-bank to the bank providing the loan or line of credit. COMMISSION Intermediaries shall have to make their own arrangements with the buyer for their commission. DISCLAIMER: This is not a solicitation. We introduce this offer to our clients and intermediaries that showed us in the past their interest in learning about such pportunities when available. We introduce this offer on behalf of our sources and we accept no responsibility for any errors, omissions or variations this offer might have or that mightoccur during the process of the client's application.


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    Contact Information


  • Company:   Ever fine (asia) limited
  • Address:   Success Comm. Bldg, 6B,251 Hennessy Road,hk.
  • Telephone:   852-8148 2768
  • Website:   http://www.ever-fine.com


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