1. 1. Provider and Lessee execute, sign and initial this DOA
( No Conference call between the bank officers before the bank
investor issues the MT799 POF )
2. After signing the agreement and simultaneously or latest within 2
banking days with the return of the agreement by the lessee,
lessee’s bank will send SWIFT MT799 PROOF OF FUNDS to lessor’s bank
(B2B) ACKNOWLEDGING CAPACITY TO DELIVER BG VIA MT760
3. within 3 banking days of the receipt of the SWIFT MT799 PRE-ADVICE RWA
via SWIFT MT 799 FROM THE LESSEE THE PROVIDER WILL ANSWER BY SWIFT MT799
PRE-ADVICE
4. lessee’s bank issue ICBPO (Irrevocable Conditional Bank Pay Order) to
lessor’s bank within 2 banking days of the receipt of the MT799 ICBPO
(Irrevocable Conditional Bank Pay Order ),
5. Lessor’s bank issue SWIFT MT760 BG to lessee bank for confirmation and
authentication.
6. Within 3 banking days of confirmation and verification of the lessor's
swift MT760 BG,full payment of 5% is released to the lessor, plus 2%
commission to lessee’s and lessor’s agent in the IMFPA,after
receipt,confirmation and authentication of the lessor’s BG MT760.
7. Within 5 banking days after confirmation of receipt of payment of the
leasing fees, the lessor will deliver the hard copy of the BG MT760 to
the lessee's bank via bank bonded courier