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Nairaland Forum / Nairaland / General / Business / Business To Business / Offshore Deal 340/5 (697 Views)
Usd Offshore Transaction Available / Fx Offshore Deal 340/5 / Offshore To Offshore. $10m - $4b (2) (3) (4)
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Offshore Deal 340/5 by Macdon1100: 11:58am On Mar 22, 2018 |
*The procedure is as follows Offshore 340/5* The buyer sends the following - Company Name - Naira Issuing Bank - Receiving Bank Details - Destination - Fx Amount - Preferred Payment Mode *(Block Fund, BG or Bank Drafts)* - Timeline for payment issuance The seller confirms details then send verbiage depending on the preferred payment option Buyer raises the payment instrument Seller confirms it, in cases of bank drafts, the drafts has to be with the buyer or seller's account officer and a custody letter would be sent via official mail to the seller's account officer Seller credits the buyer Buyer confirms the Telex and release naira. |
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