Bank Guarantee (BG) / Medium Term Note (MTN) (Offer to Sell)
Trade Lead Description:
Bank Guarantee:
1. Bank Guarantee – Cash backed and fully paid
2. Currency and face value - Euro500m with rolls and extensions
3. Issued by Top Prime Bank
4. Profit to Buyer – agreed between Principals
5. Maturity - less than a year
6. Initial information transmitted Principal to Principal
7. Transaction completed Bank to Bank
Bank Guarantee Procedure:
1. Buyer speaks directly to Seller’s Mandate. 2. Buyer issues Bank Endorsed Purchase Order (Internationally recognized Bank) directly to the Seller. 3. Seller countersigns Bank Endorsed Purchase Order. 4. THE BUYER PLACES CONDITIONAL MT103 on the same day as the Bank Endorsed Purchase Order (non negotiable in order to proceed - very important) 5. The Seller will send instrument MT760 to Buyer’s Bank within 24hrs. 6. Transaction will satisfy Bank to Bank (MT760).
MTN procedures are similar. Please contact for more information. If your buyer can satisfy these Private Transaction procedures, then please contact me right away. Posted from US - California on 22 October, 2008
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