PROCEDURES FOR OFFSHORE TO USA/EUROPE
SELLER/BUYER SIGN DOA AND BUYER RETURNS IT TO SELLER IN WORD FORMAT. SELLER NOMIATES ACCOUNT FOR THE TRANSACTION AND AFFIXED IT ON THE DOA, THEN SEND THE COMPLETED COPY OF THE SIGNED DOA IN PDF BACK TO BUYER. BUYER’S ACCOUNT OFFICER (AO) OPEN COMMUNICATION WITH SELLER’S ACCOUNT OFFICER INDICATING BUYER’S READINESS TO RAISE FUND RESERVATION/BLOCK FUND. THIS SERVES AS A PRE-ADVICE READINESS EMAIL TO ISSUE FUND RESERVATION/BLOCK FUND READINESS. ON RECEIPT OF THE PRE-ADVICE EMAIL FROM BUYER’S AO, SELLER’S ACCOUNT OFFICER (AO) ACKNOWLEDGES READINESS TO RECEIVE FUND RESERVATION/BLOCK FUND WITH RESPONSE EMAIL AND SELLER’S FORWARDS INDEMNITY CHEQUE OF 0.5% OF FACE VALUE TO BUYER AS INDEMNITY AGAINST FAILURE (3) BUYER ISSUES FUND RESERVATION/BLOCK FUND IN THE SUM OF Xxxxxxx BILLION NAIRA ONLY (₦00,000,000,000.00) IN FAVOUR OF SELLER. (4) SELLER CONFIRMS FUND RESERVATION/BLOCK FUND AND PROCEED TO TRANSFER THE Bleep MILLION US DOLLARS ($Bleep,000,000.00) IN TRANCHES TO BUYER’S OFFSHORE DESTINATION ACCOUNT WITHIN SEVEN DAYS AND SEND TELEX (5) BUYER CONFIRMS RECEIPT OF THE SAID ($XX,000,000) DOLLARS IN BUYER’S OFFSHORE DESTINATION ACCOUNT AND PAY NAIRA TO SELLER AND ALL OTHER BENEFICIARIES. (6). FAILURE FOR SELLER TO DELIVER BETWEEN STIPULATED TIMEFRAME OF 7 DAYS, INDEMNITY OF 0.5% CHARGE WILL BE PAID TO BUYER.SELLER ACCEPTS TRANSMISSION OF THE FUND RESERVATION/BLOCK FUND ON BANK LETTER HEAD OR THROUGH BODY OF BANK EMAIL LETTER.
Price is 660 less 5

Can your seller do the below


IRREVOCABLE PAYMENT INSTRUMENT.


VOLUME: 10m USD.


DESTINATION: USA.

TRANSACTION PROCEDURES FX OFFSHORE TO OFFSHORE WITH PREADVICE: USA, EUROPE, EGYPT, MAURITIUS, SOUTH AFRICA, DUBAI, HONG KONG, CANADA AND AUSTRALIA.
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NOTE: IF BUYER WANTS A PRE-ADVISE, UPON SIGNING OF DOA, BUYER WILL PAY N5M FOR A PRE-ADVISE.

UPON CONFIRMATION OF BUYER'S PRE-ADVISE, ITEM NO. 2 IN BUYER'S

1. Buyer signs Payment Instruction.

2. Seller issues Preadvice to buyer's bank.

3. Buyer confirms the Preadvice and issues FRL

4. Seller confirms instrument and credit dollar within 72 hours.

5. Buyer pays Naira to seller and all facilitators.

6. Ready for Next Tranche.