MT103 ONE WAY WITHOUT RWA OR COMITTMENT TO PAY FIRST, ONLY POF FROM RECEIVER

Product Description

Dear Gents

​ We are offering MT**3 COLLATERAL ONEWAY SO AS TO HAVE RECEIVERS COLLATERIZE THEIR  FUNDS AND CREDIT  LINE.
​We only ask from receiver POF evidence and no RWA ot  PAYMENT COMITTMENT.
​ NO CHANGE IN THE PROPOSED  PROCEDURE ACCEPTED.
​ONLY SERIOUS PARTY SHOULD CONTACT US
MENNO Louis ( WESTMONTCORP.SA ATGMAILCOM)

PROCEDURES:
1.         PROVIDER and RECEIVER execute, sign and initial this Agreement which thereby automatically becomes a full commercial recourse contract after RECEIVER applications have been accepted. The RECEIVER sends the PROVIDER the PROOF OF AN EXISTING LINE OF CREDIT FROM HIS BANK SIGNED BY TWO BANK OFFICERS. Appendix 3).
 
2.         Upon receipt of the Proof of Existing line of credit from receiver, Provider shall cause his bank to make a DD on the Credit line and if confirmed okay by providers bank, Provider shall instruct the issuing bank to send the swift MT**3 one way to receivers nominated bank account for the value of Euro **0,**0,**0,*0 (FIVE HUNDRED MILLION EURO) (format As per Appendix "1") to the account of the RECEIVER specified in this Agreement.PROVIDER will  sends the SWIFT MT**3 transmission copy by email to RECEIVER within *4 hours from the moment of the SWIFT MT**3 was issued.
 
3.         Within One (1) Banking Day the RECEIVER sends to PROVIDER; email message for the acknowledgement of the SWIFT MT**3 copy receipt.
 
4.         The RECEIVER verifies the SWIFT MT**3 instrument within Two to Three (2 to 3) Banking Days after PROVIDER notifies by email the RECEIVER with copy of the swift transmission that the Swift MT**3 arrived to RECEIVERS bank server.
DISPUTE CASE: if RECEIVER claims non receipt of the SWİFT MT**3 Financial Instrument by the RECEIVING bank then within One (1) Banking Day he has to provide official bank letter statıng nonreceipt PLUS screen shot from receiving bank computer (high resolution) showing the request of receiving bank ınfo system with appropriate negative answer of the system otherwise SWİFT MT**3 Financial Instrument will be considered as received.
 
5.         THE RECEIVER shall effect the payment of 8*2% of face value within 7 banking days after the receipt of the swift MT**3 one way transmission by receivers bank (8% to the Provider and 2 % to the Intermediaries according to the IMFPA outlined in Appendix 2 hereto). Such payment will be effected by SWIFT MT**3/TT wire Transfer. If receiver fails to effect payment of 8*2% of face value of the MT**3 after 7 working days of the receipt of the MT**3 by receivers bank, PROVIDER shall cause the issuing bank to deactivate the SWIFT MT**3 and to become null and void thereby resulting to a cancellation and start of litigation for non-performance.