PRIVATE foreign CURRENCY EXCHANGE AGREEMENT
(PFCEA)
euro (EUR) FOR US Dollar (USD)
BONUS 15%-10% to EURO PROVIDER
Ledger to Ledger Transaction
PROCEDURES
3.1. THE EUR-P WILL COMPLETE HIS PART OF THIS DRAFT CONTRACT INCLUDING BANKING DETAILS (APPENDIX A), THE TRANCHE SCHEDULE (APPENDIX B), SIGN IT AND TOGETHER WITH SIGNED ATTACHED FEE PROTECTION AGREEMENT (FPA), (APPENDIX C), SUBMIT IT FOR COMPLETION AND SIGNATURE BY THE USD-P. THE DOCUMENT WILL BE ACCOMPANIED BY:
· COLOR FULL-PAGE COPY OF SIGNATORY’S PASSPORT
· CLIENT INFORMATION SHEET
· CORPORATE RESOLUTION / DOCUMENT AUTHORIZING TRANSACTION AND SIGNATORY
· MANDATE APPOINTMENT DOCUMENT AND FULL-PAGE PASSPORT COPY IF APPLICABLE
3.2. THE USD-P WILL COMPLETE HIS PART OF THIS DRAFT CONTRACT INCLUDING BANKING DETAILS (APPENDIX A), SIGN IT AND SEND IT BACK TOGETHER WITH FEE PROTECTION AGREEMENT (FPA) (APPENDIX C).
3.3 Both, the EUROP and the USDP, already holding accounts at ANY ING BANK will deposit a copy of this Contract with their respective Bank Officers.
3.4 After the Contract has been deposited in the bank by both Parties, the EURP agrees that the USDP should instruct his Bank Officer to contact the EUROP Bank Officer, in order to confirm the EUROP capacity to receive from the USDP the equivalent USD of the first tranche of 49.5 Million Dollars, and return to the USDP the contracted Euro amount.
3.5 Both Bank Officers will confer with their respective Party and with each other to establish an agreed window time for the scheduled tranche and confirm the EUR-P and USD-P have sufficient funds available in the amount of the tranche.
3.6 At the agreed window time; the USD-PR’s Bank Officer shall move by ledger to ledger transfer the agreed amount of USD tranche from the USDP USD account to the EURP USD account. Simultaneously the EURP Bank Officer will move by ledger transfer from the EURP EUR account to the USDP EUR account, Euros in the converted amount equal to 85% (EIGHTY FIVE percent) of the USD tranche amount.
3.7 Immediately after the Euros have been transferred to the USDP EUR account, the EURP Bank Officer is hereby irrevocably directed to transfer, from the EURP USD account, USD in the amount equal to 5% of the USD tranche amount to the accounts of the Beneficiary Paymasters of the Irrevocable Fee Protection Agreement, Annex C, as designated therein.
3.8 Rate of Exchange shall be the official Inter-Bank Exchange Rate, as of the day prior to the date of exchange.
3.9 The process described in Sections 3.6 to 3.7 shall be repeated each banking day of the EUR-PR’s bank until the total USD funds are depleted, or as mutually agreed by the Parties.
? 1.1 DESCRIPTION OF THE EURO (EUR) currency:
Currency: EUROS, LEGAL TENDER OF E. U.
Origin of Currency: NON-CRIMINAL ORIGIN.
Year of Currency Issue: CURRENT VALID CURRENCY, IN CIRCULATION,
FREE FROM ANY LIENS OR ENCUMBRANCES,
FREELY TRADABLE IN ANY COUNTRY
contract QUANTITY: EQUIVALENT AMOUNT OF USD 50 BILLION WITH ROLLS & EXTENSIONS
FIRST TRANCHE: EQUIVALENT AMOUNT OF USD 49.5 MILLION
SUBSEQUENT TRANCHES: PER TRANCHE SCHEDULE AS AGREED IN APPENDIX 2
? 1.2 DESCRIPTION OF THE United States Dollars (USD) CURRENCY:
Currency: United States Dollars, LEGAL TENDER OF USA.
Origin of Currency: NON-CRIMINAL ORIGIN.
Year of Currency Issue: Current Valid Currency; IN CIRCULATION,
Free from any liens or EncumbranceS,
Freely Tradable in any country
contract QUANTITY: USD 50 BILLION WITH ROLLS & EXTENSIONS
UPTO 500 BILLION
FIRST TRANCHE: USD 49.5 MILLION
SUBSEQUENT TRANCHES: PER TRANCHE SCHEDULE AS AGREED IN APPENDIX 2
2 TRANSACTION CONDITIONS:
Transaction mode: Bank to bank, lEDGER TO LEDGER TRANSFER.
rate of exchange: LONDON MORNING FIXING INTER-BANK EXCHANGE RATE.
BONUS: GROSS 15% USD, net 10% to the euro provider
consultancy fees: TOTAL OF 5.0% ALLOWED TO BE SPLIT ON 50 / 50 BASIS
uSD PROVIDER sIDE: 2.5% To USD-P’s Side
TO BE PAID BY EURO-PROVIDER
eURO pROVIDER sIDE: 2.5% TO eURO-P’S Side
TO BE PAID BY EURO-PROVIDER
fee Transaction Mode: FROM EURO-P’S BANK UNCONDITIONALLY TO PAYMASTERS.
PER EACH $100 USD THE EUR-P SHALL PAY THE EQUIVALENT VALUE IN EUROS OF $ 85 USD ON THE DAY OF EACH TRANCHE TO THE USD-P.
USD MOVES FIRST WITH LEDGER TO LEDGER IN EURO-PROVIDER’S BANK
FOR COMPLETE CONTRACTS - EMAIL - currencyexchangeprovider@gmail.com
