PROCEDURE
In order to consider a transaction we require:
1) a- Name of of the Borrower
b- Amount of Loan
c- Period required
d- Specific name of the Guarantor.
For example: "One of the first 100 World Prime
Banks" is Unacceptable.
and has written bank confirmation to that effect.
( Guarantor's Bank original Hardcopy attached)
2) If the loan meets our possibilities we shall submit our
offer, requiring the name of the Officer in charge in the
Guarantor Bank in order to verify the availability of the
guarantee. Standby Letter of Credit, Bank Promissory Note).
In the event of a positive reply we shall indicate to this
Officer the name and address of our bankers to whom the
guarantor bank should confirm his willingness to guarantee
the loan.
3) We could confirm the availability of funds before having
received the commitment indicated in item 2 above.
In such a case we require the deposit of a performance bond
in borrower's Escrow Account, for an amount to be determined.
This deposit must be accompanied by an irrevocable order to
transfer the amount into our account upon confirmation of
availability of funds by a Prime Bank.
4) After having received through our Bankers confirmation of
the commitment mentioned in item 2 above or the Performance
Bond indicated in Item 3, we shall require 5 to 45 days for
a loan of US $ 10-50 million
5) Our bankers will reply when the amount becomes available.
6) The guarantee shall be issued when the amount becomes
available.
7) The documents evidencing the loan should reach our banker
2 banking days preceding the value date.
8) Our procedure is not negotiable.
9) It is therefore advisable to avoid submitting to us
tentative borrower's request if the above mentioned
preliminary conditions are not agreed.
COLLATERAL INSTRUMENTS OFFER:
We ask that you supply us with the following
1- Copy of note papers
2- copy of placement or closing bank statement
3- Bank officer for confirmation
The only way we will know if we can do business is
to see the actual paper available. Then we could
follow through on a quote if the paper meets our
criteria
INTERNATIONAL FINANCIERS
