PPP/PPO/HYIP General Process
Step 1:-
Instrument Holder should give the following documents to us to start the process Color scanned copy of the instrument (SKR/FD/BG/SBLC/MTN)
Bank confirmation letter for SWIFT (MT799/MT 760/MT 543/MT 999) along with full compliance package & irrevocable authorisation letter.
Step 2:-
Trader will give the Swift Message Text to be sent from the Instrument issuing bank.
Step 3:-
The instrument holder has to fill in all the details required in the MT 543/760/799/999 Within 48 hours of receiving the documents in Step 1.
Step 4:-
Instrument Holder should approach the Instrument issuing bank and request them to send the Swift Message in the format trader asked.
Instrument holder should send the Scanned Color copy of Acknowledgment of the Swift Message sent to Trader’s bank.
An Agreement will be done between the Instrument Holder and the Trader to deduct the service charges for the Inter mediators.
Step 5:-
After receiving the Swift Message and the Acknowledgment, Trader will send the MOU text and Documents within 3 days of receiving the documents in Step 4.
Step 6:-
Instrument holder should fill in all the details and send the scanned copies to us ( MOU and Other Documents).
Step 7:-
Trader will release the Final Assignment agreement TextWithin 48 hours of receiving documents in step 6.
Step 8:-
Instrument holder should fill in all the details and send the scanned copy to us Instrument Holder should send the scanned Agreement copies to Trader Bank through Instrument Issuing Bank/Instrument Holder bank.(acknowledging the genuineness's of the signature(skr holder/signatory).
Step 9:-
Instrument bank will send second MT 543/760/799/999 stating blocking the amount mentioned in the instrument and keeping the original instrument in its custody till the expiration of the agreement period between trader and instrument holder.
Step 10:-
Instrument holder should send the Hard copies of Assignment agreement and Inter mediators agreement to the trader via Bounded Courier to the trader.
Step 11:-
As soon as the trader receives the agreement , he will send post dated bank endorsed cheques/dds to instrument holder address Within 5 days.
NOTE:
Payment will be made within three days after confirmation.
Payment will be done through SWIFT transfer or Bank Endorsed Cheques/DDs or online transfer (in expection cases).
After the agreement is expired, the original Agreement will be sent back to Instrument Holder.
Instrument Holder should give the following documents to us to start the process Color scanned copy of the instrument (SKR/FD/BG/SBLC/MTN)
Bank confirmation letter for SWIFT (MT799/MT 760/MT 543/MT 999) along with full compliance package & irrevocable authorisation letter.
Step 2:-
Trader will give the Swift Message Text to be sent from the Instrument issuing bank.
Step 3:-
The instrument holder has to fill in all the details required in the MT 543/760/799/999 Within 48 hours of receiving the documents in Step 1.
Step 4:-
Instrument Holder should approach the Instrument issuing bank and request them to send the Swift Message in the format trader asked.
Instrument holder should send the Scanned Color copy of Acknowledgment of the Swift Message sent to Trader’s bank.
An Agreement will be done between the Instrument Holder and the Trader to deduct the service charges for the Inter mediators.
Step 5:-
After receiving the Swift Message and the Acknowledgment, Trader will send the MOU text and Documents within 3 days of receiving the documents in Step 4.
Step 6:-
Instrument holder should fill in all the details and send the scanned copies to us ( MOU and Other Documents).
Step 7:-
Trader will release the Final Assignment agreement TextWithin 48 hours of receiving documents in step 6.
Step 8:-
Instrument holder should fill in all the details and send the scanned copy to us Instrument Holder should send the scanned Agreement copies to Trader Bank through Instrument Issuing Bank/Instrument Holder bank.(acknowledging the genuineness's of the signature(skr holder/signatory).
Step 9:-
Instrument bank will send second MT 543/760/799/999 stating blocking the amount mentioned in the instrument and keeping the original instrument in its custody till the expiration of the agreement period between trader and instrument holder.
Step 10:-
Instrument holder should send the Hard copies of Assignment agreement and Inter mediators agreement to the trader via Bounded Courier to the trader.
Step 11:-
As soon as the trader receives the agreement , he will send post dated bank endorsed cheques/dds to instrument holder address Within 5 days.
NOTE:
Payment will be made within three days after confirmation.
Payment will be done through SWIFT transfer or Bank Endorsed Cheques/DDs or online transfer (in expection cases).
After the agreement is expired, the original Agreement will be sent back to Instrument Holder.