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USD PROVIDER LOOKING FOR EUROPROVIDER

  • Kenya Kenya  
  • Last Updated:
    Posted on: 27 Jul 2020

  • Buying Frequency: Monthly
  • Payment Terms: Other

RFQ Details

Looking for EUROP(MT103 B2B & L2L) who can provide POF(TEAR SHEET]

USD MOVES FIRST WITH MT 103 CONDITIONALLY IN EURO-PROVIDER’S BANK

"3.4 THE EUR-P VIA HIS BANK WILL SEND PROOF OF FUNDS (POF) OF 100M TO THE USDP'S BANK via A MT199 or by Bounded Courier. POF SHOULD BE A TEAR SHEET (NOT OLDER THAN 3 DAYS)."

THIS IS USDP PROCEDURE:
1) USD moves first with MT103 in Euro provider bank.
2) USD 500B with rolls and extension.
3) First tranche: USD49.5M
4) Bonus: Gross 15% USD.Net 10% to the Euro provider.
5) The Euro-P via his bank will send proof of fund of 100.00M to the USDP's bank via MT199 POF should be a tear sheet (not older than 3 days)