8orrower submlLs appllcaLlon O ease appllcaLlon form O 9assporL copy O 8oard 8esoluLlon O verblage of lnsLrumenL O 9 (noL more Lhan 03 days old endorsed by 02 bankers) O orporaLe 8eglsLraLlon 9roflle
98Luu8LS
(l) 8orrower/ender shall slgn Lhls MasLer SecurlLles endlng AgreemenL whlch shall become a formal and enforceable agreemenL beLween boLh 9arLles
(ll) WlLhln lve (3) 8anklng uays Lhe ender's 8ank shall send lLs conflrmaLlon of 8eady Wllllng Able (8WA) Lo lssue Lhe 8C vla SWl1 M1999/M1199 Lo Lhe 8orrowers' 8ank
(lll) WlLhln 1hree (3) lnLernaLlonal banklng days upon successful verlflcaLlon and auLhenLlcaLlon of Lhe SWl1 8WA Lhe 8orrower's bank wlll send SWl1 M1999/M1199 9reAdvlce Lo Lhe ender's lssulng 8ank of Lhelr readlness poslLlon Lo recelve Lhe ln comlng bank lnsLrumenL wlLh approved 8ank CuaranLee 1Lx1
(lv) WlLhln 1hree (3) lnLernaLlonal banklng days upon successful verlflcaLlon and auLhenLlcaLlon of SWl1 M1999/M1199 Lhe ender lssulng 8ank wlll SWl1 M1799 9re Advlce of Lhe 8ank CuaranLee Lo Lhe 8orrower's 8ank
(v) WlLhln 1hree (3) lnLernaLlonal banklng days upon successful verlflcaLlon and auLhenLlcaLlon of Lhe SWl1 M1799 Lhe 8orrower's 8ank wlll lssue lrrevocable ondlLlonal 9aymenL order by M1103/23 as per Lhe bank sLandard formaL for Lhe lnvolce 9rlce belng Lleven 9ercenL (11) plus 1wo 9ercenL (2) of 8ank CuaranLee Lo Lhe ender's 8ank
(vl) WlLhln 1hree (3) lnLernaLlonal banklng days upon successful verlflcaLlon and auLhenLlcaLlon of 9aymenL conflrmaLlon by M1103/23 Lhe ender's lssulng 8ank wlll send M1760 Lhe 8ank CuaranLee Lo Lhe 8orrower's deslgnaLed recelvlng bank coordlnaLes
(vll) WlLhln ne (1) lnLernaLlonal banklng day upon successful verlflcaLlon and auLhenLlcaLlon of M1760 Lhe 8orrower's 8ank wlll release of 11 + 2 of face amounL as sLaLed ln Lhe M1103/23 vla SWl1 Lo pay Lhe requlred funds Mod|f|ed procedure as per te|ephon|c conversat|on and understand|ng between me Mr1oor and Mr Ma|hotra and few quer|es before proceed|ng forward
(LLASLD)|ease spec|f|e |ease terms and cond|t|on 8ANk GUAkAN1LL
lssulng 8ank lnC 8Ank nv AMS1L8uAM
8orrower submlLs appllcaLlon(adressed Lo whoom) O ease appllcaLlon form (9lease provlde Lhe drafL of lease apllcaLlon form) O 9assporL copy (Lhe pass porL copy of boLh Lhe parLy should be aLLached) O 8oard 8esoluLlon (lL's a slngle owner company so l belleve Lhls won'L be requlred) O verblage of lnsLrumenL (we have already provlded pls send us a mall aprovlng lL) O 9 (noL more Lhan 03 days old endorsed by 02 bankers) (as per dlscusslon noL requlred/ condlLlon walved off) O orporaLe 8eglsLraLlon 9roflle (we can provlde reglsLraLlon cerLlflcaLe)
98Luu8LS
(l) 8orrower/ender shall slgn Lhls MasLer SecurlLles endlng AgreemenL whlch shall become a formal and enforceable agreemenL beLween boLh 9arLles
(ll) WlLhln lve (3) 8anklng uays Lhe ender's 8ank shall send lLs conflrmaLlon of 8eady Wllllng Able (8WA) Lo lssue Lhe 8C vla SWl1 M1999/M1199 Lo Lhe 8orrowers' 8ank
(lll) WlLhln 1hree (3) lnLernaLlonal banklng days upon successful verlflcaLlon and auLhenLlcaLlon of Lhe SWl1 8WA Lhe 8orrower's bank wlll send SWl1 M1999/M1199 9reAdvlce Lo Lhe ender's lssulng 8ank of Lhelr readlness poslLlon Lo recelve Lhe ln comlng bank lnsLrumenL wlLh approved 8ank CuaranLee 1Lx1 |s note a|| the above po|nts made have actua||y no va|ue as by def|nat|on M1999 |s never authent|cated as |t |s not fo||owed by 8kL authent|cater key So therefore |t's cons|dered unauthent|cated and M1999 messages have no va|ue whatsoever un|ess conf|rmed v|a a separate test key And |f they suggest to send a separate text key then |ts more sensab|e to send d|rect|y M1799 M1199 or M1299 |s used for cance||at|on of |nstrument so I don't understand why have you ment|oned |t
We shou|d wa|ve off the above procedure |n my v|ew and d|rect|y rece|ve M1799 from your bank and g|ve a kWA from our bank and then rece|ve M1760 and conf|rmat|on and wh|ch wou|d be fo||owed by payment after 72 hours |n your des|gnated account
|s a|so note that I have even suggested that the procedure of prov|d|ng you app||cat|on we want to do after rece|v|ng M1799 8ut |n the d|scuss|on you had re[ected my suggest|on so I wou|d adv|ce p|ease send me a bank fac|||ty |etter of your company pr|or to s|gn|ng our aggrement
|s prov|de us the draft of |end|ng agreement as before proced|ng the terms shou|d be c|ear between us and we avo|d any wastage of your or my t|me |ater on p|s comment on my suggest|on
(lv) WlLhln 1hree (3) lnLernaLlonal banklng days upon successful verlflcaLlon and auLhenLlcaLlon of SWl1 M1999/M1199 Lhe ender lssulng 8ank wlll SWl1 M1799 9re Advlce of Lhe 8ank CuaranLee Lo Lhe 8orrower's 8ank
(v) WlLhln 1hree (3) lnLernaLlonal banklng days upon successful verlflcaLlon and auLhenLlcaLlon of Lhe SWl1 M1799 Lhe 8orrower's 8ank wlll lssue lrrevocable ondlLlonal 9aymenL order by M1103/23 as per Lhe bank sLandard formaL for Lhe lnvolce 9rlce belng Lleven 9ercenL (11) plus 1wo 9ercenL (2) of 8ank CuaranLee Lo Lhe ender's 8ank
(vl) WlLhln 1hree (3) lnLernaLlonal banklng days upon successful verlflcaLlon and auLhenLlcaLlon of 9aymenL conflrmaLlon by M1103/23 Lhe ender's lssulng 8ank wlll send M1760 Lhe 8ank CuaranLee Lo Lhe 8orrower's deslgnaLed recelvlng bank coordlnaLes
(vll) WlLhln ne (1) lnLernaLlonal banklng day upon successful verlflcaLlon and auLhenLlcaLlon of M1760 Lhe 8orrower's 8ank wlll release of 11 + 2 of face amounL as sLaLed ln Lhe M1103/23 vla SWl1 Lo pay Lhe requlred funds