The Business Support Contract is a no front fee transaction!
This is a no front fee transaction for qualified clients and companies of substance.
|THIS IS A NO FRONT FEE TRANSACTION if your last year’s revenues are equal or higher than the instrument that you seek.||YOU DO NOT HAVE TO PAY ANYTHING IN ADVANCE This transaction is completely free of any advance payments and the delivery of the financial instrument is on the basis of payment against delivery and verification, if the BORROWER’s own company will receive the BG or SBLC and if it is of substance, with an active commercial business, audited accounts and annual revenues in the past fiscal year, equal to the face value (or more) of the guarantee instrument that is requested. If a BORROWER proves to be of substance accordingly, and through relevant audited accounts, the INSTRUMENT RESERVATION FEE (as to PARAGRAPH 6.03) is being advanced and paid by the FACILITATOR for the BORROWER. This makes this facility an absolutely no front fee transaction for any qualified BORROWER.|
|YOU HAVE TO PLACE A RETAINER of just Euro 5,000 with the facilitator to start the transaction if you can evidence revenues and audited accounts for the past year of only 10% of the face value of the instrument that you seek.||IF YOU ARE NOT A BORROWER COMPANY OF RELEVANT SUBSTANCE If the BORROWER’s company cannot evidence to be of substance accordingly (last year’s revenues of 10% of the instrument value or more), a retainer of Euro 5000 (Five Thousand Euros Only) will be charged and has to be placed with the FACILITATOR once the BUSSINESS SUPPORT CONTRACT is received, assessed and is advised to be ready to be accepted. This retainer is fully credited towards the BORROWER’s commitment to pay a commission to the FACILITATOR’s intermediary upon transmission of the bank guarantee instrument to the BORROWER’s bank via SWIFTMT760 and the BORROWER has the right to deduct the amount of the retainer paid to the Facilitator from the commission that will be due to be paid by the BORROWER to the FACILITATOR’s intermediary upon a successful transaction.|
|THE RESERVATION FEE of Euro 30,000 will have to be placed with the Facilitator to start the transaction if the receiving bank has not confirmed their readiness to issue the conditional payment undertaking at the time the Business Support Contract is submitted. ALSO, THIS RESERVATION FEE of Euro 30,000 will have to be placed with the Facilitator to start the transaction if an applicant does not have audited accounts at all.||YOU MAY NEED TO PLACE THE INSTRUMENT RESERVATION FEE Only if the BORROWER’s company does not provide the required confirming letter from his receiving bank (see APPENDIX 1 and SPECIMEN A, B, C and D) addressed to the BORROWER, and cannot evidence the receiving bank’s willingness to receive the guarantee instrument and pay for the service against delivery to consider the BORROWER’s request to start the transaction, then the INSTRUMENT RESERVATION FEE as to PARAGRAPH 6.03, being Euro 30,000 (Thirty Thousand Euros Only), will have to be placed on deposit with the FACILITATOR once the BUSSINESS SUPPORT CONTRACT is received, assessed and is advised to be ready to be accepted. The FACILITATOR in that case will settle the INSTRUMENT RESERVATION FEE directly with the SECURITIES LENDER on behalf of the BORROWER at the appropriate time as to PARAGRAPH 6.04. The BORROWER has the right to deduct the amount of the retainer paid to the Facilitator, from the commission that will be due to be paid by the BORROWER to the FACILITATOR’s intermediary upon a successful transaction.|
|A PRE-ADVICE is optionally available after payment of an arrangement fee of Euro 50,000||PRE-ADVICE MT799/999 IS AN AVAILABLE OPTION At the request of the BORROWER, a Pre-Advice can be arranged, by one of the FACILITATOR’s banks at the FACILITATOR’s choice transmitted and sent by SWIFT MT799 / MT999 to the borrowers designated receiving bank, confirming to be Ready, Willing and Able to perform as to CLIENT CONTRACT NO.: XXXXXX TRANSACTION NUMBER XXXXXX to deliver an BG or SBLC in the amount of EURO XXXXXX .Such a Pre-Advice is available at the BORROWER’s option, after payment of an arrangement fee of Euro 50,000 (Fifty Thousand Euros Only). The entire fee for this optional service will be refunded after successful closing of the transaction and the borrower has the optional right to deduct the arrangement fee from the commission that will be due to be paid by the BORROWER upon a successful transaction, to the FACILITATOR’s intermediary.|