WHAT WE DO - BANK INSTRUMENT MONETIZE
ACHIEVING GROWTH - ACROSSLINE FINANCESREGISTRATION NUMBER(SINGAPORE):53374201C SSIC CODE:66193 CLEARING AND SETTLEMENT OF FINANCIAL INSTRUMENTS SINGAPORE • HONGKONG • DUBAI • EUROPEWHAT WE DO - BANK INSTRUMENT MONETIZE
***From 2020, In order to ensure that you are real provider, we will sign Monetization agreement and Addendum for charge € 10,000 Euro for Security Deposit. ***
Bank Instruments MonetizeFor SBLC / BG / BANK DRAFT /BLOCK FUND monetize from top bank.More differences procedures are available.
SBLC - Standby Letter of Credit Procedure-1: 1.Owner/Provider sends RWA via Banker email or MT199 to receiver.2.Owner/Provider send issue Pre advice MT799 to us after verifying the RWA.3.We reply BPU MT799 to clients.4.Clients issued MT760 to us.5.We Pay out via MT103.6.Clients delivery Hard Copy.
Procedure-2: 1.Owner/Provider sends RWA via Banker email or MT199 to receiver.2.Clients issued MT760 to us.3.We Pay out via MT103.4.Clients delivery Hard Copy.
Bank DraftProcedure : 1. Provider fill and sign agreement. Include Passport and company certificate.2. Receiver replies countersign.3. Provider issues MT110 to receiver4. Within 5 to 7 banking days, Receivers pay out.5. Provider delivery Hard Copy to receiver.
BLOCK FUNDBlock fund via MT799 LTV is 45%+2%, via MT760 LTV is 50%+2%, Procedure as below:1. Provider submit RWA Letter from his bank (signed by 2 bank officers, signature of bank officer must be original not copy & paste) with CIS, PP ,POF,BANKER NAME CARD & ATV is received & verified2. Parties sign this Project Funding Agreement, which shall become a formal and enforceable agreement between both Parties. Party B will submit his Company Certificate of registration, CIS passport copy. Party A will provide a Copy Passport / Corporate CIS in order to identify the Applicant of the BLOCK FUND (BF) to the Beneficiary‘s bank. Within three {3} banking days both parties will sign the contract and lodge to their respective banks.3. Party A“ will instruct his bank to send an RWA MT 199/MT799 via Bank Swift to Party B’s designated bank details. (Verbiage in Annex 1)4. Party B bank acknowledges and authenticate the RWA MT199/MT799 from Party A and Reply back with BPU via MT199 and their readiness to receive MT799.5. Upon receipt of the BPU via MT199/MT799 and Party B bank readiness, Party A ‘ bank send the “BLOCK FUND” by Swift MT799MT760 (Verbiage in Annex 3 supplied by party B).6. Within (10) Ten banking days upon receipt and successful verification and authentication of the Swift MT799/MT760, Party B‘s bank must release payment via Swift MT103 wire transfer of the (45% or 50%) to the Party A- A1 banking coordinates, and simultaneously to the Paymaster of the intermediaries the 2% consultant fees. And original copy sent via courier.7. Party B will return the “BLOCK FUND” to the Issuing Bank unencumbered at the maturity date.8. Should Party B‘ default to pay Party A’s fees as agreed in this agreement after 10 (Ten)) banking days of confirmation of the ‘BLOCK FUND’, Party A ‘ will instruct issuing bank to cancel and return the “BLOCK FUND”9. Should Party B‘ default to pay Party A’s fees as agreed in this agreement after 10 (Ten) banking days of confirmation of the ‘BLOCK FUND’, Party A ‘ will instruct issuing bank to cancel and return the “BLOCK FUND”
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