1: Upon signed DOA, the instrument will be issued in your favour and reserved on euro clear and copies will be sent to you/your client (s) for verification by your bank.
2: Upon verification of the instrument on Euro clear by your receiving bank, you will be required to make the unconditional payment for bank swift transmission Charges through direct wire transfer MT-103 to the provider’s nominated bank account,
3: Upon confirmation of the receipt of your payment by swift direct transfer MT-103 to the provider’s nominated bank account, Swift MT-799 Pre-Advice will be issued through Brussels Swift Authentication Format in your name followed by MT-760, the cost of the Bank Guarantee MT-760 will be paid after.
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