Cooperation Banking Instrument - SSDX Solution Ltd.

Cooperation: Banking Instrument

Specification:

BANK INSTRUMENTS PARTICULARS
Instruments: Bank Guarantee
Currency: EURO
Format: Standard Top Word Bank/ICC Format 458 (Exhibit AA)
Bank Menu: Top 25 European Banks rated 'AA' or better
Preferred Issuers: HSBC BANK HONG KONG
Amount: EURO 2 Billion
Denominations: As mutually agreed
Term: One year and one (1) day
Interest: '0%' Coupon
Invoice price: 63% (Sixty Three per cent) of face value or better
Consultancy fee: 2% (Two Percent) of face value, divided 50/50 between Buyer side and Seller's side Consultants
Screening: Euroclear
Delivery: By SWIFT MT 760 & hard copy by bank bonded courier
PROCEDURES :
1. Buyer issues and delivers this fully signed LOI/MOA with full banking co-ordinates, Client information sheet, Corporate Resolution, Exhibit AA (BG Text) accepted, Exhibit BB (SWIFT 103 Field 23 Text) accepted, Passport copy, Fee Protection Agreement and desired trance schedule.
2. Seller enters his Banking Co-ordinates, Transaction and Seller's Codes and countersigns the LOI, Exhibit AA and Exhibit BB making this a binding MOA ("Memorandum of Agreement"). Seller returns the executed documents to the Buyer.
3. At this point by arrangement the Buyer and Seller speak to confirm their respective undertakings and to agree timings and scheduling.
4. Within two banking days of receipt of the countersigned LOI/MOA, Buyer's bank sends a standing conditional SWIFT wire MT 103, Field 23 (Exhibit 'BB') to the Seller's bank using the text agreed by both parties and in an amount equal to, at least, the face value of the proposed initial purchase.
5. After bank to bank confirmation of the received SWIFT wire and within five (5) International Banking Days Seller issues direct to Buyer a Screen able Corporate Invoice to secure email: ssdx_solution@hotmail.com for the amount of the first trance, listing the name(s) of the issuing bank(s), denominations, dates of issue, registration, ISIN/CUSIP numbers, grant of Bond Power and any and all pertinent data including relevant screening codes to screen the instruments (SCREEN TO SHOW PRIVATE PLACEMENT - NO PRICE).
6. Following Screen verification, validation and authentication of the Invoiced Instruments the Buyer's banker shall block the instruments in the Buyer's favor on screen and pay by unconditional SWIFT wire transfer.
7. Seller's bank shall then send the hard-copy original instruments in accordance with received instructions via bank bonded courier within seven (7) banking days.
8. The Consultancy Fee shall be disbursed at the time of each trance in accordance with the terms of the MFPA which is incorporated herein by reference as a material condition of this agreement.

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