A completely “No Front Fee” Transaction for any Qualified Client based on a Business Support Contract
IF A QUALIFIED CLIENT HAS SATISFACTORY AUDITED ACCOUNTS
Through one of the facilitators I work with, I can avail an absolutely no-front-fee transaction for qualified clients. Generally, any transaction can be considered, but preferred are clients with a business of substance. This means that you should have an established business and annual revenues somehow in line with the face value of instrument that you require. You should have had annual revenues of at least 10% of the face value of the instrument that you seek. I refer to revenues here, not your profits or your general financials or the overall success of your business. On just these terms, no bank would give any client anything. But the facilitator I deal with can consider you as a potential client and provide a Prime Bank financial instrument for you. The facilitator partners with you on the basis of a Business Support Contract and provides you with a no-front-fee transaction if your audited revenues are equal to the value of the instrument that you seek. This transaction with my facilitator 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 your company will receive the BG or SBLC and if your business is of substance, with proven commercial activities, 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 client proves to be of substance accordingly, and through relevant audited accounts, the Instrument Reservation Fee usually required is being advanced and paid by the Facilitator for you. This makes this facility an absolutely no front fee transaction for any qualified client.
YOU DO NOT HAVE SATISFACTORY AUDITED ACCOUNTS?
Your business cannot evidence substance? There are options and you can compensate the situation you are in. If your company cannot evidence to be of substance accordingly, a retainer of Euro 5000 (Five Thousand Euros Only) will be charged and has to be placed with the Facilitator once your Business Support Contract is received, assessed and is advised by the Facilitator to be ready to be accepted. This retainer is fully credited towards the client’s commitment to pay a commission to the Facilitator’s intermediary upon transmission of the bank guarantee instrument to the client’s bank via SWIFTMT760 and your have the right to deduct the amount of the retainer from the commission that will be due to be paid by the client to the Facilitator’s intermediary upon a successful transaction.
YOU DO NOT INITIALLY PROVIDE A CONFIRMATION FROM YOUR BANK?
Your bank does not confirm willingness to support you? If you cannot evidence satisfactory audited accounts, or the confirmation from your bank proving their willingness to issue any of the required payment instruments for you, then the Instrument Reservation Fee, being Euro 30,000 (Thirty Thousand Euros Only), will have to be placed on deposit with the Facilitator once the Business 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 a client at the appropriate time and as to contract.
IF YOUR BANK PROVES THEIR WILLINGNESS TO COOPERATE
Your bank confirms willingness to support you! If a client evidences support through his bank, and provides a relevant confirmation of the bank’s willingness to issue any of the required 4 payment instruments, the instrument reservation fee will only have to be paid directly to the Securities Lender against the Securities Borrowing and Lending Contract and the Pro-Forma Invoice clearly identifying the securities that will back up your transaction.
IF YOU NEED A SWIFT PRE-ADVICE
You need a PRE-ADVICE MT799/999 to convince your bank to cooperate with you? At the request of a client, 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 client’s request, 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 client upon a successful transaction, to the Facilitator’s intermediary.