Bill of Exchange - Negotiable Instrument (Offer to Sell)
Trade Lead Description:
We have access to a seller of a Bill of Exchange. The minimum purchase is 1 Billion, price is 62+1, issued by a top prime bank, and can be viewed on UCC screen (treasury screen) with satisfying procedure Delivery vs. Payment (DVP). This instrument is "similar" to a BG or any other instrument that can be transferred. Just like an MTN or Bank Guarantee, this instrument can be placed on the seller's platform.
BOE Procedure:
-Principals speak directly (will need name of Buyer, Company name, time, time zone they want the Seller to call)
-LOI from Buyer to Seller
-Seller sends Corporate Invoice
-Buyer can view instrument on UCC Screen (treasury screen)
-Seller sends instrument to Buyer
-Buyer pulls instrument
-Buyer pays Seller (Delivery vs. Payment)
Please contact me if there is an interest. Thank you.
Andres Figueroa
Posted from US - California on 28 October, 2008
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