Summary of Procedure (Sales of Fresh Cut to Slightly Seasoned) . Buyer sends the following docs to the Seller:
a) Letter of Intent. (LOI). b) Client Information Sheet. (CIS). c) Color Copy of Passport. d) Corporate Resolution. (Only if the investor is a Company) (CR). • Seller sends copy of the invoice including: a) Euroclear Access Codes. b) Euroclear Blocking Codes. c) EuroclearSecurityPage. d) Euroclear Printout. e) TitlePage. • With 8 hours maximum, Buyer will authenticate the instrument on Euroclear screen, blocks it and pays by swift to the Sellers bank coordinates. Proof of payment by Swift email will be sent to the Seller. If anything is incorrect, the access codes will be changed and the deal wont take place. • Upon reception of payment Seller changes ownership electronically by Swift MT 760. Verification of changing of ownership will be done electronically for the Buyer. • The printed copies will be delivered within 5 banking days by bank courier. |