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SCO Gold Procedure

The document outlines an offer for the sale of Gold Bullion Bars with a purity of 99.95% or better, detailing transaction procedures and discounts based on quantities. The seller has gold stored in secure warehouses across various global locations and proposes an initial transaction involving smaller quantities before discussing larger amounts. The document also specifies the steps for the transaction process, including issuing letters of intent, payment guarantees, and inspection procedures.

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CamrKanth007
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16 views

SCO Gold Procedure

The document outlines an offer for the sale of Gold Bullion Bars with a purity of 99.95% or better, detailing transaction procedures and discounts based on quantities. The seller has gold stored in secure warehouses across various global locations and proposes an initial transaction involving smaller quantities before discussing larger amounts. The document also specifies the steps for the transaction process, including issuing letters of intent, payment guarantees, and inspection procedures.

Uploaded by

CamrKanth007
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Dear Mr.

Kumar DJ,

Further to our recent discussion, referring to an offer for Gold Bullion Bars (AU Metal, over 5
years old, Purity of 99.95% or better) private off market transection - Discount based on
quantities and number of withdrawals between Net 7% [G: 10% / N: 7%] to Net 10% [Higher
discount - for very large quantities]).

Seller’s has gold in security warehouses in few major hubs (such as Dubai, Hong Kong,
Singapore, London, Zurich, Frankfurt, USA, Canada), Gold is Already in W/H’s
in these Locations!.

Quantities - Starting with (“introduction”) SPAs of 5MT - 10MT - 20MT and trial tranches of
400Kg – 800Kg (Min. Trial Lift / Lift is 400Kg)
SPAs for bigger quantities may be discussed right after establishing working relationships
based on the above-mentioned “introduction” SPAs (And for this purpose, Seller may open
bank account at Buyer’s banks).
As mentioned, the Net Discount is related to location, quantities, inspection method and
number of withdrawals / month.

I am acting as the Authorized Seller’s Mandate and Official Rep. to manager this Transaction.

Please find an easy and secured procedure for both Parties, as detailed hereunder in a
short version (This is not the detailed SCO – just a short description of the transaction).

If this Offer & Procedure are acceptable by the Buyer, we can engage for a short video
conf. and right after I will issue SCO and in advance full offer.

================================
Procedure (In Short Bullets):

1. Seller Mandate issues this short Transaction Summary, if approved and once
location, quantities and tranches are discussed, a detailed SCO will be issued.

● Optional - Discussions with Buyer’s team

2. FCO, NDNCA and IMFPA.

3. Buyer issues generic & “Soft” LOI.

4. Seller Mandate issues SPA + discussions - Signing & Countersigning + Lodging.

5. Buyer issue (Bank to bank) Pre-Advice / RWA Via:

a. Swift MT199 Pre-Advice / RWA

b. BCL (Bank Confirmation Letter) Pre-Advice / RWA via Secured SWIFT


communication (MT199 / MT999).

6. Seller’s Bank issues MT600 (POP & RWA to perform) + POP Documents sent by
Seller’s Security W/H.
7. Buyer issues Revolving Payment Guarantee in one of the following agreed forms:

a. Blocked Funds via Swift MT799; Or


b. DLC (Documentary Letter of Credit) via SWIFT MT700; Or
c. SBLC (Standby Letter of Credit) via swift MT760; Or
d. BG (Bank Guarantee) via swift MT760;
e. Other solutions like Cash Funds or Crypto Deposits - TBD

● The Face Value should cover the Value of the agreed lifts amount and Valid for 30
days after last delivery (Initially issued for 30 days [Trial shipment] and then the
Validity shall Automatically be Prolonged to remain active throughout the Full SPA
Term + 30 days.

8. The Parties coordinate Date and Time for inspection @ the designed Warehouse /
Refinery.

9. Inspection / Assaying and Final Assay Report by Buyers Assayer / Refinery +


Seller issue Final Tranche Invoice.

10. Payment via MT103 or TT to Seller designated bank account within Max 2
banking days from Final Tranche Invoice.

11. Commissions will be paid simultaneously by the Seller/Sell-side and


Buyer/Buy-side according to IMFPA.

12. Total Agents’ Fees and Intermediaries Commissions - Three Percent (3%):

a. 1.5% to Seller’s Agents (Closed), to paid by Seller; and


b. 1.5% to Buyer Agents (Partly Open - TBD), to be paid by Buyer

● All Commissions and Fees payments to the designated Paymasters or Beneficiaries as


per the IMFPA attached as Appendix to the SPA.

13. Tittle / Ownership transfer after each payment is credited and cleared on the
Seller’s bank account.

14. After successful conclusion of each Tranche, according to agreed Tranche Table,
Repeating points 8 - 13 until SPA is concluded with possible R. & E.
=======================

Please feel free to contact me directly if you have interest in this offer. I'll be happy to
send detailed SCO (Soft Corporate Offer) and to further engage in direct discussions.

Sincerely,

( --- )

Authorized Seller’s Mandate

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