PRIVATE CURRENCY EXCHANGE AGREEMENT
USD/EURO LEDGER TO LEDGER
USD MOVES FIRST WITH LEDGER TO LEDGER IN EURO-PROVIDER’S BANK !
2. TRANSACTION PROCEDURES:
3.1) THE EURP COMPLETES HIS PART OF THIS CONTRACT INCLUDING CODE DETAILS, AMENDS IT, IF NECESSARY AND SUBMITS IT FOR DUE DILIGENCE AND UPON COMPLETION OF DUE DILIGENCE BY THE USDP, THE USDP COMPLETES THEIR PART OF THE DRAFT CONTRACT INCLUDING CODE, BANKING DETAILS, AMENDMENTS (IF NEEDED), SIGNS AND SENDS IT BACK TO THE EURP.
3.2) PFCEA & IFPA ARE LODGED WITH THEIR RESPECTIVE BANKS AFTER SIGNING.
3.3) AT A SPECIFIED TIME: THE EURO-P & THE USD-P WILL BOTH PAY BY SWIFT MT101 IN THE RESPECTIVE DESIGNATED ACCOUNTS THE SUM OF €50,000.00 (FIFTY THOUSAND EUROS) REPRESENTING AN ALLOCATION FEE WHICH WILL BE REFUNDABLE AFTER THE FIRST TRANCHE.
BOTH EURO & USD PROVIDERS WILL SEND A COPY OF THE SWIFT MT 101 VIA EMAIL xxxxxxxx TO EACH OTHER.
3.4) THE USDP AND EURP WILL THEN COMMUNICATE WITH EACH OTHER TO MUTUALLY CONFIRM READINESS OF THE USDP AND EURP, AND TO ESTABLISH INTERNAL LEDGER-TO-LEDGER PROCEDURE AND INTERNAL ROUTING INSTRUCTIONS IN EURP BANK.
3.5) THE EURP WILL ARRANGE WITH HIS BANK AND ASSIST THE USDP TO OPEN THE TRANSACTION ACCOUNT/S IN THE EURP BANK CAPABLE OF HANDLING THE ENTIRE AGREED CONTRACTUAL AMOUNT.
3.6) IMMEDIATELY AFTER ACCOUNT’S ESTABLISHMENT, USDP WILL TRANSFER INTO THE NEWLY ESTABLISHED USDP’S ACCOUNT.
3.7) THE USDP AND EURP WILL COMMUNICATE AND SCHEDULE THE WINDOW TIME FOR THE INTERNAL LEDGER TO LEDGER EXCHANGE BETWEEN THE ACCOUNTS OF THE USDP AND EURP IN EURO BANK, OF ENTIRE CONTRACTUAL AMOUNT OR IN TRANCHES, AS PER AGREEMENT BETWEEN USDP AND EURP.
3.9) AT WINDOW TIME ESTABLISHED BETWEEN USDP AND EURP BANK OFFICER/S, THE ENTIRE CONTRACTUAL AMOUNT OR IN TRACNHES WILL BE EXCHANGED IN SIMULTANEOUS INTERNAL LEDGER TO LEDGER EXCHANGE BETWEEN THE ACCOUNTS OF USDP AND EURP IN EUROP BANK.
3.10) FPA PAYMENTS WILL BE MADE SIMLTANEOUSLY WITH THE LEDGER TO LEDGER EXCHANGE, OF THE ENTIRE CONTRACTUAL AMOUNT OR UPON CLOSING OF EACH AND EVERY TRANCHE LEDGER TO LEDGER EXCHANGE, ACCORDING TO THE FPA IN ANNEX “D” OF THIS AGREEMENT.
DESCRIPTION OF THE EUROS (EUR) currency:
Currency: EUROS, LEGAL TENDER OF E. U.
Origin of Currency: EUROPE, OF NON-CRIMINAL ORIGIN.
Year of Currency Issue: CURRENT VALID CURRENCY, IN CIRCULATION, FREE FROM ANY LIENS OR ENCUMBRANCES, FREELY TRADABLE IN ANY COUNTRY.
1.2 DESCRIPTION OF THE United States Dollars (USD) CURRENCY:
Currency: United States Dollars; LEGAL TENDER OF USA.
Origin of Currency: United States, OF NON-CRIMINAL ORIGIN.
Year of Currency Issue: Current Valid Currency; IN CIRCULATION, Free from any liens or EncumbranceS, Freely Tradable in any country.
1.3 CONTRACT quantity:
Contract quantitY: US$50,000,000,000.00 (FIFTY BILLION) usd WITH ROLLS & Extensions.
TRANCHES: TRANCHES TO BE AGREED betweeN usdp and eurp.
fIRST TRANCHE: AMOUNT OF USD 50,000,000.00 (FIFTY MILLION US$) or higher, as agreed between providers.
SUBSEQUENT TRANCHES: PER TRANCHE SCHEDULE AS AGREED (See aNNEx “D”).
2. TRANSACTION CONDITIONS:
Transaction mode: ledger to ledger IN EURO PROVIDER’S BANK
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% 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 GROUPS, FACILITATORS AND AGENTS. TO BE PAID BY EURO-PROVIDER.
fee Transaction Mode: FROM EURO-P’S BANK UNCONDITIONALLY TO PAYMASTERS.
USD MOVES FIRST WITH LEDGER TO LEDGER IN EURO-PROVIDER’S BANK !
3. TRANSACTION PROCEDURES:
3.1) THE EURP COMPLETES HIS PART OF THIS CONTRACT INCLUDING CODE DETAILS, AMENDS IT, IF NECESSARY AND SUBMITS IT FOR DUE DILIGENCE AND UPON COMPLETION OF DUE DILIGENCE BY THE USDP, THE USDP COMPLETES THEIR PART OF THE DRAFT CONTRACT INCLUDING CODE, BANKING DETAILS, AMENDMENTS (IF NEEDED), SIGNS AND SENDS IT BACK TO THE EURP.
3.2) PFCEA & IFPA ARE LODGED WITH THEIR RESPECTIVE BANKS AFTER SIGNING.
3.3) AT A SPECIFIED TIME: THE EURO-P & THE USD-P WILL BOTH PAY BY SWIFT MT101 IN THE RESPECTIVE DESIGNATED ACCOUNTS THE SUM OF €50,000.00 (FIFTY THOUSAND EUROS) REPRESENTING AN ALLOCATION FEE WHICH WILL BE REFUNDABLE AFTER THE FIRST TRANCHE.
BOTH EURO & USD PROVIDERS WILL SEND A COPY OF THE SWIFT MT 101 VIA EMAIL xxxxxxxx TO EACH OTHER.
3.4) THE USDP AND EURP WILL THEN COMMUNICATE WITH EACH OTHER TO MUTUALLY CONFIRM READINESS OF THE USDP AND EURP, AND TO ESTABLISH INTERNAL LEDGER-TO-LEDGER PROCEDURE AND INTERNAL ROUTING INSTRUCTIONS IN EURP BANK.
3.5) THE EURP WILL ARRANGE WITH HIS BANK AND ASSIST THE USDP TO OPEN THE TRANSACTION ACCOUNT/S IN THE EURP BANK CAPABLE OF HANDLING THE ENTIRE AGREED CONTRACTUAL AMOUNT.
3.6) IMMEDIATELY AFTER ACCOUNT’S ESTABLISHMENT, USDP WILL TRANSFER INTO THE NEWLY ESTABLISHED USDP’S ACCOUNT.
3.7) THE USDP AND EURP WILL COMMUNICATE AND SCHEDULE THE WINDOW TIME FOR THE INTERNAL LEDGER TO LEDGER EXCHANGE BETWEEN THE ACCOUNTS OF THE USDP AND EURP IN EURO BANK, OF ENTIRE CONTRACTUAL AMOUNT OR IN TRANCHES, AS PER AGREEMENT BETWEEN USDP AND EURP.
3.9) AT WINDOW TIME ESTABLISHED BETWEEN USDP AND EURP BANK OFFICER/S, THE ENTIRE CONTRACTUAL AMOUNT OR IN TRACNHES WILL BE EXCHANGED IN SIMULTANEOUS INTERNAL LEDGER TO LEDGER EXCHANGE BETWEEN THE ACCOUNTS OF USDP AND EURP IN EUROP BANK.
3.10) FPA PAYMENTS WILL BE MADE SIMLTANEOUSLY WITH THE LEDGER TO LEDGER EXCHANGE, OF THE ENTIRE CONTRACTUAL AMOUNT OR UPON CLOSING OF EACH AND EVERY TRANCHE LEDGER TO LEDGER EXCHANGE, ACCORDING TO THE FPA IN ANNEX “D” OF THIS AGREEMENT.
FOR COMPLETE CONTRACT - CONTACT - currencyexchangeproviders@gmail.com
