Letter Of Intent / Contract
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21ON THE LETTERHEAD OF THE BUYER
Transaction Code :
Seller’s Code:
Buyer’s Code:
LETTER OF INTENT/CONTRACT
Via: MR.SHONIT KC
Date:
To:
Attn:
Dear Sir,
I,___________, holder of Republic of _______________ Passport No: _________________,
authorized signatory for ______________________, address at __________________,(hereinafter “the
Buyer”) hereby confirm with full corporate and legal responsibility, under penalty of perjury of law that
We are ready, willing and able (RWA) to accept and provide funds for the following bank instruments,
under the conditions described below with good, clean clear unencumbered Euro dollars of
non-criminal origin.
Description of Instrument:
Bank Guarantee (BG) – ICC 458
Instrument:
Age:
Newly Issued/Fresh Cut
Interest Rate:
Zero Percent (0%)
Term:
One (1) Year and One (1) Day
Issuing Banks:
HSBC London PLC
Currency:
EURO
Fifty Billion (50B) Euro – (500B)Euro R & E
Contract Amount:
Price:
Sixty-two (62%) Percent of BG Face Value
Commission:
Two (2%) Percent of BG Face Value:
Buyer’s side - 1%; Seller’s side – 1%
First Tranche:
Five Hundred Million Euro (500M)
Subsequent Tranches:
To be mutually agreed
Denomination:
500M each/ or as mutually agreed
Mode of Payment:
MT103/23 Irrevocable Conditional Bank Pay Order (ICBPO).
Fee commission, simultaneously, paid to respective Paymasters as
per the corresponding FPA which is incorporated as a material part
of this LOI/contract.
Delivery:
SWIFT MT-760 only followed by Hardcopy to be delivered via Bank
courier within seven (7) banking days.
Buyer’s initial:
Page: 1/21
Seller’s
Initial:
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Parent category: Letters