BANK INSTRUMENTS PARTICULARS:
Instruments: Bank Guarantees
Format: Cash Backed
Issuing banks: Deutsche Bank
Term: One (1) year and One (1) day
Age: Fresh Cut
Total Amount: USD 100million MINIMUM Spot Buy (USD /Euro)
Contract Amount: 100 Million Euro MINIMUM
Invoice Price: Price 42% plus 2% Commission Fee to be paid Buy Side and Sell side 50/50
Interest Rate: Zero Percent (0%)
Currency: European community Currency (EURO)
Subsequent Tranches: Euro 000M or as otherwise mutually agreed
POF Tearsheet Buyer’s bank not older than three (3) days or Bank to Bank
Denomination Agreed between seller and buyer.
Mode of Payment SWIFT MT-103
Delivery SWIFT MT-760 only followed by Hardcopy to be delivered via Bank courier within seven (7) banking days
Settlement: MT103 First tranche.