DELIVERY MODE
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TRANSACTION PROCEDURES
1) RECEIVER FIRST SIGNS AND SUBMITS THIS FINANCIAL AGREEMENT / DEED OF AGREEMENT (DOA) WITH FULL BANKING CO-ORDINATES, COPY OF THE RECEIVER’S REGISTRATION, CIS, BCL, AND THE SIGNATORY’S PASSPORT.
2) AFTER SUCCESSFUL DUE DILIGENCE, PROVIDER COUNTERSIGNS THE LOI, THE SIGNED LOI BECOMES LEGAL BINDING COMMERICAL CONTRACT (AGREEMENT) BETWEEN THE PARTIES. BOTH PARTIES SHALL LODGE THE AGREEMENT IN THEIR RESPECTIVE BANKS.
3) WITHIN TWO (2) BANKING DAYS, RECEIVER’S BANK OFFICER CONTACT TO PROVIDER’S BANK OFFICER (SET UP A WINDOW TIME) TO CONFIRM BOTH PARTIES BANKS HAVE CAPABILTY AND ARE READY TO PROCEED WITH THIS AGREEMENT. RECEIVER WILL ADVISE ON THE ACTUAL WINDOW TIME ARRANGED, SO THAT THE PROVIDER CAN INFORM HIS BANK OFFICER TO BE ON STAND-BY.
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