Monetization of Bank Draft

TCC can assist you in monetisation of Bank Draft. We are experts of issue and monetisation of BD in European and Asian financial markets.

We have direct mandates with genuine Monetizers and Issuers who offer a complete range of both Recourse Programs.

Bank Draft can be monetized for:

Cash

Placed into Trade Programs (PPP Private Placement Programs)

 

Bank Draft that can be Monetized include:

Top 25 Bank Draft

Rated and Unrated banks TOP 50

Instruments with a Face Value over 5 Million Dollars up to 500M

Bank Draft must have at least 5 months prior to expiry

Monetization LTV:

55 %-70% Rated Bank- Non Recourse Loan

Monetization typically takes 7-10 days from the moment of verification of the RWA or Pre-advice MT 799 via SWIFT.

 

MONETIZATION PROCEDURE OF BANK DRAFT:

1. PROVIDER SUBMITS TO BUYER THIS SIGNED AGREEMENT, TOGETHER WITH CLIENT INFORMATION SHEET, SIGNATORY'S PASSPORT COPY, CORPORATE REGISTRATION AND THE IRREVOCABLE MASTER FEE PROTECTION AGREEMENT.

2. AFTER COMPLETED DUE DELIGENCE, BUYER COUNTERSIGNS THIS AGREEMENT AND IT THUS BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AND RETURNS IT TO PROVIDER, ALONG WITH BUYER‘S FULL BANKING COORDINATES AND THE SIGNATORY’S PASSPORT COPY,

3. WITHIN TWO (2) DAYS OF SIGNING THIS AGREEMENT, THE PROVIDER BANK OFFICER WILL SEND A COPY OF THE  BANK DRAFT FOR THE BENEFIT OF THE NOMINATED ACCOUNT HOLDER RECEIVING BANK DETAILS IN THIS AGREEMENT, VIA SECURE EMAIL TO THE NOMINATED BENEFICIARY BANK ACCOUNT   , WITH REFERENCE TRANSACTION CODE

4.  WITHIN (2) TWO BANKING DAYS AFTER SUCCESSFUL VERIFICATION TO THE BANK DRAFT -ХХХХХХХХХ NUMBER ХХХХХХХХ FROM BUYER’S ISSUING BANK, THE PROVIDER/SELLER SHALL SEND A SWIFT MT799 PRE-ADVICE ( APPENDIX A)  TO BUYER/RECEIVER BANK AND A COURTESY COPY SHALL SENT TO THE PROVIDER’S EMAIL.

5. WITHIN THREE (3) BANKING DAYS, AFTER VERIFICATIN AND AUTHENTICATION OF THE SWIFT MT 799 PRE-ADVICE, THE RECEIVER BANK SHALL SEND VIA SWIFT MT-799 BANK PAYMENT UNDERTAKING (APPENDIX B) TO PROVIDER / SELLER’S AND A COURTESY COPY SHALL BE SENT TO THE PROVIDER’S EMAIL.

6.WITHIN TWO(2) BANKING DAYS, AFTER VERIFIES AND AUTHENTICATE THE CONFIRMATION, THE PROVIDER/SELLER’S BANK WILL SEND SWIFT MT110 ( APPENDIX C) TRANSFER BANK DRAFT TO BUYER/RECEIVER BANK AND   THE COPY WILL BE SENT TO  BUYER .

7. WITHIN THREE (3) BANKING DAYS, AFTER VERIFICATION, AUTHENTICATION AND THE CONFIRMATION OF SWIFT MT 110, AND THE RECEIPT OF THE BANK DRAFT THE BUYER WILL PAY 65 % OF FACE VALUE AND THIS PRICE INCLUDES PROVIDER & CONSULTANCY FEES OF (5%) WITHIN THE CONDITIONS OF PAYMENT OF BANK DRAFT VIA MT 103 TO THE PROVIDER AND THE BROKERS ACCOUNTS AS AGREED AND STATED IN THIS DOCUMENT. ALL PAYMENTS WILL BE MADE VIA MT103 WIRE TRANSFER  .

8. WITHIN THREE (3) BANKING DAYS, AFTER CONDITIONS OF PAYMENT THE PROVIDER/SELLER’S BANK WILL SEND HARD COPY OF INSTRUMENT DELIVERED BY BONDED BANK COURIER.

In exceptional cases, the proposed procedure may be amended by a separate agreement with the client.

Non-Recourse Loan Disbursements Example (100 Million Euros Bank Draft):

Bank Draft face value: $100,000,000.00

Non-Recourse Loan disbursement (65%): $65,000,000.00

Loan commission fees (5%): $3,250,000.00

 

Inquiries from agents/ brokers/ intermediaries are also welcomed.

If you are interested, please contact us:

Skype: trans_capital

WhatSapp: +447466328408, +447438162522

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