USD EURO DRAFT CONTRACT
PROJECT LOANS AND GRANTS FOR HUMANITARIAN AGENCIES WITH
PRIVATE FOREIGN CURRENCY EXCHANGE AGREEMENT
Euro (€ EUR) FOR USD($)
Bank-to-Bank SWIFT MT103
FOR COMPLETE CONTRACT CONTACT EMAIL
currencyexchangeproviders@gmail.com
. TRANSACTION PROCEDURES:
(a) PARTIES, DIRECTLY OR THROUGH THEIR AUTHORISED MANDATED REPRESENTATIVE WOULD ACCEPT, SIGN, SEAL AND RETURN THIS CURRENCY EXCHANGE AGREEMENT ALONG WTH THE FPA BY FAX OR E-MAIL IN PDF-FORMAT (HARD COPIES TO BE SENT BY COURIER SERVICE IF REQUIRED).
(b) THIS AGREEMENT ALONG WITH THE FPA IS TO REMAIN WITH EACH PARTIES BANK.
(c) WITHIN A FIVE BANKING DAYS TERM FROM THE CONTRACT DATE OF SIGNATURE, THE EUR PROVIDER, VIA THEIR BANK, WILL SEND PROOF OF FUNDS (POF) OF 49.5M (FORTY NINE POINT FIVE MILLION) EURO TO THE USD-P'S BANK. POF MUST BE SENT BY SWIFT WIRE MT-799. THE EUR PROVIDER, OR HIS MANDATE, WILL SEND THE RESPECTIVE RECEIPT OF THE
(d) SWIFT WIRE MT-799 BY E-MAIL TO ____________________.
THE EUR-P BANK OFFICER WILL CONTACT THE USD-P BANK OFFICER VIA SWIFT WIRE MT-799 (TESTED FORMAT MESSAGE), ACCORDINGLY:
DESCRIPTION OF THE USD (USD) currency:
Currency: | united states dollar, legal and tender of the u.s.a. |
Origin of Currency: | NON-CRIMINAL ORIGIN |
Year of Currency Issue: | Current Valid Currency; IN CIRCULATION, free from any liens or encumbrances and freely tradable in any country |
contract QUANTITY: | 50B (50 BILLION) USD WITH R & E 500B(FIVE HUNDRED BILLION) |
FIRST TRANCHE: | 49.5M(FORTY NINE POINT FIVE MILLION) USD OR AS TO BE AGREED |
SUBSEQUENT TRANCHES: | PER TRANCHE AS AGREED |
2.
1,2 DESCRIPTION OF EURO(EUR) CURRENCY
Currency: | EUROS, LEGAL AND TENDER OF THE EUROPEAN UNION |
Origin of Currency: | NON-CRIMINAL ORIGIN |
Year of Currency Issue: | Current Valid Currency; IN CIRCULATION, free from any liens or encumbrances and freely tradable in any country |
contract QUANTITY: | Equivalent amount of 50B (FIFTY BILLION) USD WITH R & E 500B(FIVE HUNDRED BILLION) |
FIRST TRANCHE: | Equivalent amount of 49.5M (FORTY NINE POINT FIVE MILLION) USD OR AS TO BE AGREED (EXCHANGED TO EUR EQUIVALENT) |
SUBSEQUENT TRANCHES: | PER TRANCHE AS AGREED |
A. 3. TRANSACTION CONDITIONS:
Transaction mode: | Bank to bank (swift MT-103 or AS AGREED) |
rate of exchange: | LONDON MORNING FIXED 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 PRINCIPAL sIDE: | 2.5% To USD-P’s Side, TO BE PAID BY EURO PROVIDER |
eURO Principal sIDE: | 2.5% TO eUR-P’S Side, TO BE PAID BY EURO PROVIDER |
fee Transaction Mode: | FROM EUR-P’S BANK UNCONDITIONALLY TO PAYMASTERS |
