$5 Billion USD Funding Required for Real Estate Project
Lenders and guarantors who accept procedure below must contact us now.
1. Borrower sends LOI to guarantor requesting issuance of bank draft for $5 billion plus interest of 5% on Euroclear.
2. Guarantor places draft on Euroclear in lender’s name and invites lender to verify.
3. Upon verification of draft, lender sends proof of funds for $5 billion USD to guarantor and borrower. Proof of funds will be in the form of a bank confirmation letter on full bank letterheads signed by 2 bank officers.
4. Guarantor and borrower banks use confirmation letter to verify that there is $5 billion USD in lender’s account with the bank. That the funds are owned and not leased by lender, unencumbered, clean, legally earned and available for release immediately. Verification of funds can be done by swift or manual or both.
5. Once lender’s funds are successfully verified, lender’s bank issues an ICBPO for 1% of $5 billion USD to guarantor’s bank and 99% of $5 billion USD to borrower’s bank by 2 separate MT799. The MT799 to guarantor’s bank says that upon receipt of the $5 billion USD plus 5% interest by draft MT760 from guarantor’s bank, the lender’s bank will wire by MT103 1% of $5 billion USD to guarantor’s designated bank account. The MT799 to borrower’s bank says that upon receipt of the $5 billion USD plus 5% interest by draft MT760 from guarantor’s bank, the lender’s bank will wire by MT103 99% of $5 billion USD to borrower’s nominated bank account.
6. Lender’s bank cashes draft and deposits $5.25 billion USD into lender’s bank account. Guarantor and borrower’s obligation to lender cease altogether.
7. Guarantor, borrower and lender will sign a funding contract after step 4 based on the points stipulated above.
8. Guarantor and borrower will sign a contract on how guarantor will recover his costs of securing the draft plus profit.