Forms

Click to download the application form for Loan / Bank Instruments

APPLICATION PROCEDURES:

  1. APPLICATION FORM TO BE FILLED UP WITH THE SIGNATURE AND SUBMIT VIA THE WEBSITE : WWW.EXCLUSIVEPRECINCT.COM (APPLICATION FORM CAN BE VIEWED IN THE WEBSITE UNDER THE COLUMN FORMS) UPON THE AGREED TERMS AND CONDITIONS.
  2. CLIENT INFORMATION SHEET (CIS) TO BE EMAIL ASAP SIMULTANEOUSLY WHILE SUBMITTING THE APPLICATION FORM AND THE PROJECT OR INVOICE FOR BUY SELL TRANSACTION WHICH HAS TO BE PROVIDED BY BENEFICIARY. 
  3. INDEMNITY BY THE CLIENT/BENEFICIARY FOR THE RETURN OR VOID OF THE SBLC ON MATURITY TO BE ON THE LETTERHEAD OF CLIENT UPON APPLICATION APPROVED.. FORMAT WILL BE PROVIDED BY PT EPG. 
  4. UPON APPROVAL, THE INVOICE FOR THE 1% (ONE PERCENT) ADMIN CHARGE PLUS USD 6015.00 FOR EKYC ON THE BENEFICIARY WILL BE ISSUED TO THE BENEFICIARY. 
  5. INDEMNITY LETTER OF UNDERTAKING IN CASE OF ANY TECHNICAL OR OTHER ISSUES BY APPLICANT/ISSUER TO REPAY THE FEES  OF 1% (ONE PERCENT)  TO THE BENEFICIARY WILL BE SIGNED. 
  6. UPON SUCCESSFUL PAYMENT OF 1% ADMIN FEE PLUS THE EKYC FEES USD 6015.00  TO OUR DESIGNATED PT EXCLUSIVE PRECINCT GROUP BANK ACCOUNT , DRAFT VERBIAGE AND COORDINATES WILL BE ISSUED ON THE ISSUING BANK LETTER HEAD. 
  7. THE BANK PREPARATION OF SBLC OR ANY OTHER BANK DOCUMENTS AS REQUIRED BY BENEFICIARY WILL BE ACTIVATED. 
  8. THE SBLC CASH BACKED BY SWIFT MT 799 WILL BE ISSUED TO THE BENEFICIARY DESIGNATED BANK AS PER MOU. 
  9. BENEFICIARY BANK UPON ACCEPTING THE SWIFT MT 799, WILL CONFIRM REPLY BACK SWIFT  MT799 TO ISSUING BANK WITH A BANK PAYMENT UNDERTAKING (BPU) FOR THE BALANCE FEES OF 10% (TEN PERCENT). 
  10. UPON SUCCESSFULLY RECEIVING OF THE MT 799 SWIFT REPLY WITH BANK PAYMENT UNDERTAKING(BPU), THE ISSUING BANK PREPARES THE SBLC CASH BACKED BY SWIFT MT 760 WITHIN 3 BANKING DAYS. 
  11. SWIFT MT 760 ISSUED TO BENEFICIARY DESIGNATED BANK AS PER MOU, 
  12. BENEFICIARY BANK AUTHENTICATES THE SWIFT MT760. 
  13. WITHIN  2 BANKING DAYS AFTER AUTHENTICATION, THE BALANCE FEES OF 10% (TEN PERCENT) IS PAID TO APPLICANT’S ACCOUNT AS PER THE MOU. 
  14. THE SWIFT MT760 WILL BE CANCEL/ NULL AND VOID, IF THE BENEFICIARY BANK FAILS TO PERFORM AS PER THE BANK PAYMENT UNDERTAKING AND WILL LEAD TO LEGAL ACTION ACCORDINGLY AS PER THE MOU AGREEMENT.. 
  15. IF ALL ON TRACK AS PER THE MOU, THE SWIFT WILL EXPIRE ON MATURITY ONE YEAR ONE DAY. THE CALL BACK ON THE SBLC IS STRICTLY NOT ALLOWED AS THIS IS MEANT FOR COLLEATROL PURPOSE ONLY, FURTHER WHICH WILL ALSO BE ACTIVATING THE CREDIT FACILITIES WHICH THE CLIENT / BENEFICIARY HAS GOT WITH HIS BANK. 
  16. UNLESS OTHERWISE AN EXTENSION IS NEEDED BY THE BENEFICIARY, WHICH SHOULD BE CONFIRMED IN WRITING ON LETTERHEAD REQUEST BY THE BENEFICIARY AT LEAST TWO(2) MONTHS IN ADVANCE BEFORE MATURITY. 
  17. THE EXTENSION FEES OF ELEVEN (11%) PERCENT WILL BE REQUIRED TO BE PAID BY THE BENEFICIARY UPON REQUEST FOR THE EXTENSION TWO(2) MONTH IN ADVANCE. 
  18. THE APPLICANT OR ISSUING BANK WILL NOT TAKE ANY LIABLITIES 
  19. FOR ANY LOSSES OR CLAIMS FOR THE FAILURE OF THE BENEFICIARY AND OR THE BENEFICIARY’S BANK. THE FEES PAID IS NOT REFUNDABLE DUE TO EITHER BENEFICIARY OR THEIR BANK’S FAILURE IN PERFORMANCE. NO CLAIMS FROM BENEFICIARY’S BANK WILL BE ACCEPTED FOR THE LOSS OR NON PERFORMANCE AND FAILURE BY THEIR CLIENT (THE BENEFICIARY).
  20. THE ISSUING BANK AND APPLICANT ARE NOT TO BE FRAMED OR WILL NOT ACCEPT ANY CLAIMS BY THE BENEFICIARY OR THEIR BANK AFTER SUCCESSFUL AUTHENTICATION. 
  21. THE SIGNATURE AND SEAL IN THE MOU WILL UNDERTAKE THE FULL RESPONSIBILITY BY THE BENEFICIARY / CLIENT WITHOUT ANY SOLICITATION AND WITH THE UNDERSTANDING OF  THE FULL TERMS AND CONDITION PLUS REQUIREMENT AS PER THE MOU AND THIS APPLICATION’S TERMS & CONDITIONS. 
  22. PLS BE ADVICED TO DOWNLOAD AND  FILL UP THE APPLICATION FORM UPON FULLY ACCEPTING THE TERMS AND CONDITIONS WITHOUT ANY FORM OF SOLICITATION AND FURTHER EMAIL TO: INFO@EXCLUSIVEPRECINCT.COM

Click to download the application form for Loan / Bank Instruments