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Monetization Contract.

This Monetization Agreement outlines the terms between a Funder and a Client for the monetization of a Bank Financial Instrument such as BG/SBLC. The agreement includes details on transaction procedures, fees, and penalties for non-compliance, as well as provisions for arbitration and force majeure. Both parties must provide their banking coordinates and agree to the terms to initiate the monetization process.

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Helge Sandoy
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0% found this document useful (0 votes)
35 views10 pages

Monetization Contract.

This Monetization Agreement outlines the terms between a Funder and a Client for the monetization of a Bank Financial Instrument such as BG/SBLC. The agreement includes details on transaction procedures, fees, and penalties for non-compliance, as well as provisions for arbitration and force majeure. Both parties must provide their banking coordinates and agree to the terms to initiate the monetization process.

Uploaded by

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

TRANSACTION CODE:

This agreement is made and entered into this day MM/DD/YYYY, between the both parties described
below:

THE FUNDER / MONETIZER

Corporate Name: Recourse & Non-Recourse


Mailing Address:
Represented By:
Designation:
Passport No.:
Nationality:
Email Address:
Mobile Number :

And

THE CLIENT
Full name : Purpose :
Title :
Nationality :
Passport number :
Issued Country :
Date of Issue :
Expiring Date :
Business Name :
Business Address :
Mobile Phone No :
Email Address :
Funder Initial Client Initial
Funder Initial Client Initial
ML UK CAPITAL HOLDINGS LEGAL TEAM.

Legal Advisor’s Name:


Legal Firm Tel.No :
Legal Firm Email :

My bank is listed in the International Banker’s Almanac: Yes/No (If NO, you must
prepare a closing bank with all details received from your banker sent to the provider.)
All of my Closing Bank Officers are aware of this transaction: Yes/No

WHEREAS. The CLIENT desires to monetize a Bank Financial Instrument (BG/SBLC, LC


and DLC). The CLIENT confirms with full corporate and legal responsibility that funds
available to fulfill the requirements for the monetization of the said instrument are ready.

WHEREAS. The CLIENT desires to monetize, transfer and assign all rights, title and interest
of the BG/SBLC available to it to the FUNDER. The FUNDER represents and warrants that it
has the ability and resource to arrange through associates, contracts and sources, with full
corporate responsibility, to monetize the financial instrument in the term of assignments to be
provided to CLIENT. The CLIENT hereby declares under penalty of perjury that the BG/SBLC
will be backed by funds that are good, clean, clear, and free of non-criminal origin, the
BG/SBLC will be free and clear of all liens, encumbrances and third-party interests.

NOW THEREFORE, The FUNDER has agreed to monetize the BG/SBLC at 80% LTV of
the Face Value for the instrument for

TRANSACTION DESCRIPTION:

CLIENT Code :
Transaction Code :
Face Value Amount :
Type of Instrument : BG/SBLC, LC, MTN /BOND GUARANTEE
Issuing Bank :
Instrument ID :
Mode of Transfer : Swift Transfer of the Instrument byMT103
Term : 1 YEAR 1 DAY
Monetize : 80% LTV + 0.05% Brokers or Referral Commission

Funder Initial Client Initial


TRANSACTION PROCEDURE:
1. CLIENT will send a Letter of Intent to FUNDER with details of the financial instrument such
as :Issuing Bank; Currency; Amount and verbiage of the LC

2. FUNDER and CLIENT execute, sign and initial this Monetization Agreement, which thereby
automatically becomes a full commercial recourse contract to be lodged by both parties for
initiation of Swift Transmission. The client will also CIS and passport too.

3. After signing the contract the Funder shall give a notarized guarantee to the Client that the funder
will monetize the instrument mentioned above and if the funder fails to monetize then the funder
will return the swift monetization processing fee and the Legal firm fee back to the client with
additional 1% penalty in 7 banking days. At the same time the Funder shall also issue an invoice
for the monetization charges and legal fee to be sent to the Client through the given email.

4. Within 2 banking days, upon receipt of the invoice the Client shall pay the swift monetization
processing fee of $75,000 and legal fee of 0.2% of the total face value in the Funder’s given bank
coordinate. Within one day from the receipt of the fee the Funder shall send the duly
authenticated PRE-ADVICE Message to the Client on email only to ensure the client’s receiving
bank coordinate are complete.

5. After this email communication with the Client the Funder shall initiate the monetization process
which should be completed within a maximum of 36 hours. The process shall be considered
completed only when the funder/monetizer shall transfer the 80% to the client’s receiving bank
coordinate.
6. Any credit to the Client’s given account regarding the monetization proceeds should be done
through MT103 cash transfer stating ‘Remittance’ only. This means that the funds will be remit
to the client’s receiving bank coordinate through MT103 which is same as wire transfer.
7. Any unauthorized calls by any party or its representative lawyers to probe or communication in
an improper way to bank(s) in this transaction shall be prohibited and contract terminated and
incomplete info the processing will not start.

NON-SOLICITATION
The CLIENT hereby confirms and declares that the FUNDER, its associates or representatives or any
person or persons on its behalf has/have never ever solicited the CLIENT, its shareholders or associates
or representatives in any way whatsoever that can be construed as a solicitation for this transaction or for
future transactions.

FORCE MAJEURE
Any delay in or failure of performance by either party of their respective obligations under this agreement
shall not constitute a breach hereunder or give rise to any claims for damages if, and to the extent that
such delays or failures in performance are caused by events or circumstance beyond the control of such
party.
Funder Initial Client Initial
The term “Beyond the Control of Such Party “Include Lawful order of Government or Authority, Act of
War, Rebellion or Sabotage, Fire, Flood, Earthquake or other natural disasters. Any other cause not
within the control of such party or which is by exercise of reasonable diligence, the party will be unable
to foresee or prevent or remedy.

ARBITRATION
All disputes and questions whatsoever which arises between the parties to this agreement and touching on
this agreement on the construction or application thereof or any account cost, liability to be made
hereunder or as to any act or way relating to this agreement shall be settled by the arbitration in accordance
with the arbitration laws of the ICC.

This agreement contains the entire agreement and understanding concerning the subject matter hereof and
supersedes and replaces all prior negotiations and proposed agreements, written or oral. Neither of the
parties may alter, amend, nor modify this agreement, except by an instrument in writing signed by both
parties. This agreement will be governed by and construed in accordance with the laws of United
Kingdom. In the event that either party shall be required to bring any legal actions against the other it
enforce any of the terms of this agreement the prevailing party shall be entitles to recover reasonably
attorney fees and costs.

PENALTIES
If any party fails to perform his obligation as stipulated in this Contract will be considered as breach of
Contract, the damaged party will entitle to claim the damaging penalty of Five (5) percent of the Face
value of the financial instrument.

FOR AND ON BEHALF OF THE FUNDER / MONETIZER

_______________________________
Name:
Passport No.:
Country of Issue:
Issue Date:
Funder Initial Client Initial
Expiry Date:

AnnexA: Funder / Monetizer Passport Copy Attached.

Funder Initial Client Initial


FOR AND ON BEHALF OF THE CLIENT

_________________________________________
Name:
Passport No.:
Country of Issue:
Issue Date:
Expiry Date:

Funder Initial Client Initial


AnnexB: Client Passport Copy Attached

Funder Initial Client Initial


The FUNDER and CLIENT agree to the following banking coordinates pertaining to the agreement herein
above stated:

FUNDER BANK COORDINATES TO SENT MT103


BANK NAME :
Bank Address :
Account/Beneficiary Name :
Account Number :
Swift code :
Iban Number :
Sort Code :
Bank Officer :

FUNDER BANK COORDINATES TO RECEIVE FEE


BANK NAME :
Bank Address :
Account/Beneficiary Name :
Account Number :
Swift Code :
IBAN Number :

FUNDER RESERVES THE RIGHT TO USE ANY BANK COORDINATES TO RECEIVE FEES

CLIENT’S BANK COORDINATES TO ALL RECEIVE FUNDS:


BANKNAME :
Bank Address :
Account/Beneficiary Name :
Funder Initial Client Initial
Account Number :
Swift Code :
Bank Officer :

CLIENT’S BANK COORDINATES TO ALL PAY FEE:


BANKNAME :
Bank Address :
Account/Beneficiary Name :
Account Number :
Swift code :
Bank Officer :

CLIENT RESERVES THE RIGHT TO USE ANY BANK COORDINATES TO PAY FEES
ANDRECEIVE.

Funder Initial Client Initial

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