1) The Principal (partner) sends a letter of intent to proceed to a transaction (LOI), describes the purpose, a brief description of the project, provides the name of the bank, with the possibility to issue SBLC / BG  and others, providing a tool in the amount of ____.

2) «International ABU Development Foundation» (IABUDF) accepts the bank and confirms its readiness to accept SBLC / BG from the bank in the amount of ____, directs the sample (SBLC / BG) of the accepted banking instrument.

3) The Principal sends RWA / Pre-Advice Swift-799 in the amount of ___, (sample below) to the specified details: (The response of the Beneficiary with the specified details).

4) «International ABU Development Foundation» (IABUDF) Beneficiary forwards SWIFT-798 response on readiness to accept SBLC / BG

    5) The contract/agreement is signed (CFA / JV)

    6) The Principal issues SBLC / BG through Swift 760 (sample below) for the indicated amount of _____,

    7)«International ABU Development Foundation» (IABUDF) accepts warranty in SBLC / BG format (sample below)

    8) Start of financing in 15-20 days based on the established schedule.

Attention!!! Note the percentage and timing is adjusted only after the implementation of paragraph 3.

 

Guarantee for a loan 3-5% annual payments in tranches within 8 months, loan period 5-10 years

terms of registration depend on the warranty period, filling (discount) depends on the category of the bank, TOP (A) are accepted at the minimum discount.

 

• 1. Woori bank of Korea issues banker’s draft in the name of our company «International ABU Development Company FZE» as the beneficiary.
• 2. At the same time, Woori bank of Korea issues the backup SWIFT MT 110 (Draft SWIFT-110 Appendix-A) to our beneficiary bank » Union National Bank «.
• 3. Our organization will sign the funding agreement with your company and payments for project funding will be made as amicably agreed.
• 4. Send SWIFT MT 110 to this bank details;
• 5. Send the scan copy of the banker’s draft to e-mail: office@abufoundation.com
  and send the original by DHL courier to:__________
  ______________________________________________
   
  Hoping for successful completion of this transaction.
  Thanking you for cooperation

Download DRAFT CHEK file