06 November 2023

REF: TCL /SBLC /NJ / 112023

Managing Director / CEO

Venupalon LDA
RUA 28 Janerio No 350
4400-335 Vila Nova De Gaia
Portugal.

Dear Sir,

SUBJECT: SBLC LEASE PROCEDURE

The above matter refers as per the following below;

1) Amount: Exceptable tranches from issuing bank

Euro 100M – Minimum tranches
Euro 500M – Maximum tranches (2 – 3 tranches daily or weekly
2) Issuer bank will provide the RMA listing.
3) Client will complete the Deed of Agreement (DOA), once the client accepted by the
SBLC provider they will issue RWA and the receiver will provide the RWA verbiage to
SBLC provider.
4) The RWA will be sent by secured bank email to Lender and copy to client (borrower).
5) After the RWA the Lender will select or chose the bank from SBLC issuing bank and
sent the transmission copy of pre-advice MT799 wire bank email to the borrower
account after 10 banking days
6) After the pre-advice MT799 within 48 hours the Lender bank will reply MT799 with
proof of fund (POF) from the Lender.
7)After that the SBLC issuing bank will continue to sent daily/weekly basis MT760 to
Lender bank and the Lender bank will make disbursement every 30 days into the
Borrower’s account.
NOTE;
i) The subsequent tranches the receiver will follow the payment within 3-7days term
ii) The receiver will provide the verbiage RWA pre-advice MT799 and MT760

Yours truly,

Abid Hussain
CEO

Mobile: +44 7735 040 854 WhatsApp: +44 7735 040 854 Email: abid@tigriscapital.co.uk
Company Address: Rapyal House, Talbot way, Small Heath, Birmingham, B10 0HJ