With payment of transmission fees

TCC offers services of issuing Fresh Cut BG/SBLC for leasing from the following banks: HSBC Bank London, Barclays Bank London, Deutsche Bank AG, RBS (UK) or any other Top 25 rated bank without collateral on terms 1 year and 1 day with prolongation possibility to 5 years.

Total Face Value:       Euro/USD 30,000,000.00 – Euro/USD 5,000,000,000.00 

THE LEASING COST OF BG/SBLC FOR LEASE ACCORDING

TO NOMINAL FACE VALUE BELOW:

BG/SBLC Face Value (USD/EURO)

Leasing cost

Commission

10M – 100M:

6-8%

1%

101M – 999M:

6-8%

1%

        1B – 5B:        

6%

1%

TCC commission for issuing BG/SBLC for lease is from 1% of the Face Value.

SCHEDULE OF BANK TRANSMISSION/ADMINISTRATIVE FEES

FOR MT760 BG/SBLC

BG/SBLC Face Value (USD/EURO)

Bank Transmission/AdministrativeFees (USD/EURO)

10M – 20M

30,000.00

21M – 50M

35,000.00

51M – 100M

55,000.00

101M – 250M

75,000.00

251M – 500M

100,000.00

501M – 1B

120,000.00

There are differences with first option of issue of SBLC for lease is that client need, after singing the DOA, to pay for transmission according to nominal of SBLC.

Client will need to pay for a transferring of BG/SBLC via SWIFT MT760 after a receipt of Pre-advice via SWIFT MT 799 (free of charge).

Client will have to provide BCL/POF or bank balance statement + ATV together with a signed agreement or after its signing.

Transmission payment will be made based on designated bank account by Provider. The payment will be made only for Pre-Advice via SWIFT MT760.

Client will provide BPU or BFU together with a payment of MT760.

You can see a draft of Deed of Agreement including a procedure and drafts of Appendixes here.

 

PROCEDURE:

1. Party B submits and signs the Deed of Agreement, together with client information sheet, color passport copy, Certificate of Incorporation (if applicable), the irrevocable master fee protection agreement and copy POF/Bank Confirmation Letter or bank statement and ATV Letter to verify bank POF/BCL.

2. Party A completes due diligence within 72 hours, signs the Deed of Agreement, which thereby automatically becomes a full recourse commercial contract and return it to Lessee in PDF by email at which time the DOA becomes a formal and legal binding Document between the two Principals.  And send the DOA to their banks.

3. Within two (2) banking days upon signed this Agreement both parties, Party B should instruct his bank to send POF/BCL or bank statement via e-mail according to (Appendix A) to the Lessor’s bank. A courtesy copy shall be sent to the Party A via email.

4. Within three (3) banking days after the receipt of BCL/POF or bank statement via SWIFT MT799/199, Party A should instruct his issuing bank to send to Lessee’s designated bank receiving account with full bank responsibility, a Pre-advice via swift MT799 stating capability of delivery of the Bank Guarantee by swift MT760. A courtesy copy shall be sent to the Party B via email.

5. Within two (2) banking day of receipt of Pre-advice via SWIFT MT799 by the Lessor’s bank, the Lessee’s bank shall issue a response BFU (Blocked funds undertaking) via swift MT799 (verbiage in Appendix C) for 8 % of Full Face Value + 2% commission to the Provider’s bank and pay transmission/administrative fees for the Swift MT760 BG/SBLC in the amount of Euro/USD 35, 000.00 for the first tranche swift MT760 transmission cost. A courtesy copy shall be sent to the provider via secured email.

6. Within 3 (three) banking days of receipt of the response BFU via swift MT799 by the Lessee’s bank  and a payment of swift MT760 transmission cost, the Provider’s bank shall transmit the BG SWIFT MT760 (verbiage as in Appendix D) to the Lessee’s bank. A courtesy copy shall be sent to the Party B via email.

7. Within seven (7) banking days upon verification, authentication and validation of the BG MT760 on a bank-to-bank basis, Lessee’s bank will effect payment of 8% of BG/SBLC Face Value First Tranche and 2% consultancy fees/commission  to the consultants as per the relevant irrevocable master fee protection agreement and attached hereto this Agreement.

Party B forwards a copy of the SWIFT MT103 to the Provider via e-mail immediately after transmission of Settlement/Payment.  

8. Within seven (7) banking days after receipt of full payment of the issuing fees and commission to agents, the Issuer's bank will deliver the hard copy of the bank instrument to the Lessee’s bank by bank bonded courier.

9. Should Lessee fail to pay the issuing fees and commissions within the allowed time as stipulated in the agreement after confirmation of SBLC/BG in Lessee's bank account, Issuer will instruct the issuing bank to put a claim on the bank instrument thereby forcing the Lessee's bank to return the bank instrument SBLC/BG to the issuing bank.

10. Transaction is to continue as per agreed tranche schedule. Any unauthorized bank calls, probes or communications, or an improper solicitation or disclosure involving any of the banks concerned in this transaction will result in immediate cancellation of this transaction and subject the violating party to damages.

11. This Deed of Agreement expires in Five (5) banking days if not executed by both parties.

The Lessee should pay the leasing fees to the Lessor and the brokers commission fees as agreed after Ten (10) banking days of confirmation of BG/SBLC MT760 in Lessee's bank account, Lessor will instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Lessee's bankers to return the BG/SBLC MT760 to the issuing Bank.  

Should the Lessee default to pay and commission payments according to IMFPA are made by client during 10 working days from the moment of successful verification Swift MT 760 to the Beneficiary bank.

Should the Lessee default to pay the leasing fees to the Lessor and the brokers commission fees as agreed after Ten (10) banking days of confirmation of BG/SBLC MT760 in lessee's bank account, Lessor will instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Lessee's bankers to return the BG/SBLC MT760 to the issuing Bank.