Buy Bg

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Date Posted :

2008-10-29

Membership :	Free member
Registration Date :	2006-11-23
Country/Region :	India

This buyer prefers not to disclose his/her contact information.

Dear Sir,
I am looking for Secondary Bank Guarantee(SS/Seasoned Bank Guarantee) Only for my buyer, My buyer is a foundation and they are looking to buy Bank Guarantee for 100M to a contract value of 10 B, They can not offer POF as they are foundation and i guess you will be aware of it, In the present Liquidity Crisis where everyone is looking for Liquidity,the foundations and few government organisations are in control of Liquidity and they are one of the very potential and real buyers all others are not much interested in the papers and they are happy to hold their money with themselves, We can have a penalty clause to make sure that both are at a comfortable state,I fact the actual value of the contact the foundation is looking for is 500 B,I have been associated with them for past 4 years and i know their genuineness and i can assure you that they will 100% perform if you can kindly accept their procedures,The price of the instrument BG/SBLC they are looking for is between 65% to 70% of the face value.The procedures they are looking for are:

1.) The seller sends the copy of the bank guarantee and the Buyer will release the Letter of Request with bank coordinates to the seller.

2.) Seller will send the Corporate Invoice via Swift MT 799 (bank to bank) to the seller.

3.) Upon positive & successful verification & authentication, buyer will sign & release the contract to the seller.

4.) Within 10 international banking days, buyer will send Conditional MT 103/23 to the sellers bank.

5.) Upon receipt of Conditional MT103/23, Sellers bank will send the BG via MT 760 to the sellers bank.

6.) within 1 banking day of receipt of MT760, buyer will lift the condition on conditional MT103/23, thus making payment to the seller.

7.) Sellers bank will send the hard copy of the BG via bank bonded courier within 7 days

regards,
Babu Rao
reegsimpexATgmail.com

Related Keywords: bg , mtn , Financial instruments

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