To read our Mandate's EXCHANGE (cash) Procedures, click here.
The Principal Buyer / Currency Investors, represented by our associate - Buyer's Legal and Signatory Mandate, are Ready Willing and Able to exchange Good, Clean, Clear, Non-Criminal Origin United States Dollars (USD) against similar origin (Currency) under the following conditions:
Preliminary Offer Including the following Details, is presented to our office:
Type of Currency:
Total Available Amount:
Price/Exchange Rate:
GROSS:
NET:
Commissions:
Buyer's Side:
Seller's Side:
First Tranche:
Subsequent Tranches:
AND UTILIZING THE FOLLOWING PROCEDURES:
ON RECIEPT OF SIGNED PRELIMINARY OFFER TO SELL, THE AUTHORIZED LEGAL MANDATE (ON BEHALF OF BUYER) ISSUES LEGAL LETTER OF INTENET / RWA DOCUMENT DULY SIGNED AND SEALED.
SELLER SHOULD RESPOND WITH LEGAL CURRENCY EXCHANGE CONTRACT, DULY SIGNED WITH FULL BANKING. BUYER SIGNS THE CONTRACT AND RETURNS WITH HIS FULL BANKING COORDINATES.
BUYER AND SELLER AGREE WINDOW TIME FOR THE FIRST TRANCHE OF AGREED AMOUNT.
ON THE AGREED WINDOW TIME, THE SELLER’S BANK WILL SEND PROOF OF AVAILABILITY OF NKD BY KTT TO THE BUYER’S BANK.
BUYER’S BANK WILL VERIFY THE SELLER’S KTT AND SIMULTANEOUSLY RESPOND BACK WITH KTT PROOF OF USD FUNDS.
SELLER’S BANK SENDS THE NKD BY CONDITIONAL SWIFT WIRE TRANSFER MT-100 FIELD 72 TO THE BUYER’S BANK.
UPON RECEIPT, BUYER’S BANK WILL SIMULTANEOUSLY SEND THE USD BY UN-CONDITIONAL SWIFT WIRE TRANSFER MT-100 FIELD 70, RELEASING THE CONDITION ON FIELD 72 TO SELLER’S BANK.
UPON COMPLETION OF EACH TRANCHE, THE BUYER’S BANK WILL SWIFT WIRE TRANSFER THE COMMISSIONS TO THE NOMINATED PAYMASTERS.
SUBSEQUENT TRANCHES PROCEED ON A BANK TO BANK BASIS AS PER # 6, 7 & 8 UNTIL CURRENCY IS EXHAUSTED.
NOTE:
IT IS ESSENTIAL THAT WE (THE BUYER'S SIDE) RECEIVE A WRITTEN INDICATION THAT AN OFFER IS AVAILABLE PRIOR TO INVITING THE INVOLVEMENT OF THE BUYER'S MANDATE. WE HAVE MORE THAN COMMISSIONS TO LOSE, WE HAVE OUR EARNED REPUTATION AT STAKE ALSO. PLEASE RESPECT OUR POSITION AS WE WILL YOURS.
THERE IS NEVER MORE THAN ONE BROKER BETWEEN eXus AND THE BUYER'S MANDATE.
WITH THIS PROCEDURE, THERE IS NO INTEREST IN New Kuwaiti Dinar (NKD) or OKDs at this time.
