|
|
Amounts |
Typical Fee/Cost |
|
Reinstatement Bonds |
Mineral and natural resource
extraction, quarrying and mining landscape and environment
reinstatement bond.
"Aa" rated bond provider. Bank avaled. Up to 10 years available,
terms negotiable.
Renewable. |
Euro/USD 20 - 50 million |
From
5% p.a. |
|
Collateral Leasing |
|
Medium Term Notes collateralised by
US Treasuries rated "Aaa". CUSIP & ISIN readily
available. Total facility not to exceed 30% of the customer's
net asset value. Terms and conditions apply. 90 days (large
amounts only), 1 year or
3 year terms. |
USD 50 million minimum |
From 7.25% p.a. |
|
Reserved Funds / Blocked
Funds |
|
(1) Bank Proof of Funds
Letter & Bank Statement together with Corporate Documentation
comprising:
Board Resolution, Letter of
Intent, History of Funds, Authority to Authenticate from the
owner of the funds |
Euro/$10 million minimum. |
From
3½%
30 - 40 days |
|
(2) SWIFT
MT799 confirmation of funds, with Corporate documents, if
required, as (1) above. |
Euro/$50 million minimum. |
|
(3) As in (1) above but with
Client added as Signatory to the Account. |
Euro/$50 million minimum |
(4) Client’s own name account with on-line access to bank
statements as required.
Client must attend at the bank to open the account.
|
Euro/$50 million minimum |
(5) As (1) above but with an added sub-account in the
name of the Owner of the Funds but with the Client as the
Signatory
to facilitate the receipt of profits and make disbursements. |
Euro/$50 million minimum. |
|
Exchange of Funds |
(6) Bank Proof of Funds and Bank Statement - as in 1 above with
corporate commitment to purchase or exchange for the agreed security. |
Euro/$25
million minimum. |
From 3½%
30 - 40 days |
(7)
SWIFT MT799 purchase order with payment commitment by MT760 upon
receipt of
the seller's bank positively responding to the MT799. |
$10 million minimum. |
|
Enhancement Guarantees and Instrument |
(8)
Corporate Guarantee with bank aval by a European bank rated "AA+".
Delivery usually by SWIFT. Terms and conditions depend on end-user
requirements. |
Euro/$25
million min. |
1yr - 15%
3 yrs - 24% |
(9)
Bank guarantee issued by a European bank, cash backed. Flexible
terms and conditions.
Payment by MT103 or bank pay order. Non-usance fee (2% - 4%) to
be held in escrow. Minimum term 3 years. |
€5 million
min. |
From 6% per
annum |
(10)
Bank CD, T-Bills in Client’s own name and account. Client must
have a Canadian corporate domicile
to open the account (this can be
arranged).
Terms and conditions depend upon end-user requirements. |
$100
million min. |
(11) Quasi bank guarantee in that funds are
reserved for a named beneficiary.
Hard copy with SWIFT confirmation on SWIFT request. |
Euro/$50 million minimum. |
3½% per month
or 15% p.a. |
FACILITIES NOT AVAILABLE UNDER ANY CIRCUMSTANCES
Direct Funding of Real Estate Development and Investment.
Anything to do with minerals or metals in the raw or unrefined
state.
Funding of Bank Instruments
(regardless of rating) issued by Banks in our
EXCLUDED AREAS:
South America,
Africa (except South Africa), Philippines, Indonesia, China, Former Soviet
States, Micronesia and
Pacific Island States.
|
Fees must always
be escrowed in cleared funds prior to the opening of any
facility (except facility (9).
Subject to Contract & Availability. E.&.O.E..
Jan 2010.
|
