Direct to the sellers mandate for SS BG 70+1 SS MTN 80+1, buy side is just me.
MTN's 80+1 are always available from seller.
Seller has ben holding the same bank commitment for 20 years on MTN's !
Seller has a unlimited commitment holders contract with Deutsche Bank Frankfurt, for MTN's. MT103-23 conditional:They require a conditional SWIFT 103/23 to issue the paper on Euroclear, but the client can settle on Euroclear and cancel the SWIFT if he chooses.
Acceptable language for us and keeps the buyer in control of buyer funds, within the conditional MT103/23 message/block. You’ll see that the sending party is covered by the statement made in the condition which I have highlighted below.
THIS IRREVOCABLE S.W.I.F.T. IS A BINDING FULLY PERFORMED DUE BILL AND IS IMMEDIATELY CALLABLE ON US FOR CASH PAYMENT AGAINST THE BANK CERTIFIED INVOICE CONDITIONAL UPON OUR ACCEPTANCE FOR THE PURCHASE AND DELIVERY OF THE BANK INSTRUMENTS SPECIFIED BELOW:
( This sheet is for descriptive purpose only … THIS IS NOT AN OFFER )
NOT A -SOLICITATION LETTER ADD OR POST