|Posted by financiar2all on March 26, 2013 at 5:25 AM|
SERVER 2 SERVER
S 2 S
GREY SCREEN PROCEDURE.
These are the procedures for a Security Officer to move forward in this transaction:
Receiver/Trustee will provide the banking officers that are expert in the use of the Grey and Black screens (and/or possibly the EUROCLEAR, IMLS, or NDM System) and confirm their willingness and ability to download funds from the designated bank with assigned banking officer of the Provider
With the Trustee’s receipt and acceptance of this MOU, is sended files .EXHIBIT 3:complete CODES.for loaded bank receiver and prepare for window time, CODES will be released from the Security Officer, to the ................. who is accountable for the contents and the use of their contents.
The PROVIDER has all responsability during the whole transaction, RECEIVER has all responsibility for received funds and payment in account destined or conform invoices received after download complete
Pursuant to, this memorandum of understanding confirms the terms under which RECEIVER and PROVIDER
agree to enter into an agreement of collaboration AND JOINT VENCER , under certain circumstances for their mutual benefit; NOW, THEREFORE, the Parties have agreed as follows:
The objectives of this MOU is to set up the frame work of the relationship between RECEIVER (PAYMASTER) and PROVIDER , in their expressed desire to collaborate in connection with Financial transactions for which PROVIDER is providing a Substantial amount of Funds to be used for Humanitarian Projects,
The parties recognize that this MOU will set the process & procedure of collaboration in order to create a possible venture that will lead to the mutual possibilities, terms and conditions herein, and other good and valuable considerations, the receipt and sufficiency of which is hereby acknowledged by the Parties hereto.
1.ALL parties agree to a covenant of Mutual Non Disclosure of proprietary information related to this MOU, and will respect the commercial confidentiality of information provided by each other subject to always any overriding legal obligations and that this covenant shall be binding on the Parties hereto and their representatives, consultants, advisors, associates, assigns and affiliations;
1.ALL Parties agree that they have the right to honor all existing commercial agreements, shareholders agreements, undertakings, obligations and commitments that they have independently of this MOU as of the signing of this MOU;
1.This MOU may only be amended if such amendment is evidenced in writing and signed by authorized representatives of both parties hereto and bank receiver;
1.ALL parties agree that no party may assign this MOU without the prior written consent of the other Party;
1.ALL parties agree that press releases, and other public statements regarding the affairs of the new venture and/or its investors, shall only be made with the written consent of both Parties.
Receiver will arrange with a bank to open or receiver a Corporate Trust Bank Account (CTBA) and a Corporate Commercial Bank Account (CCBA) for the all the funds downloaded. All downloaded funds will be first deposited into the CTBA and then released into the CCBA for further distribution as required for commercial and humanitarian operations.
. As above, each and every cash download should be deposited in the Corporate Trust Bank Account (CTBA). Our cash funds are to be free, clear, and available for immediate transfer from CTBA to the Corporate Commercial Account CCBA for disbursement by the signatories for any and all bank fees, commissions, project funding, and other obligations conform invoice or specific instructions after download .
a)The PROVIDER is.
b)The receiver is ………………………….
IT IS HEREBY AGREED AS FOLLOWS:
Now therefore this agreement witnesses that in consideration of the premises and covenants contained herein and other good and valuable considerations not necessarily herein recited, the receipt and sufficiency whereof is hereby acknowledged by the parties, the parties covenant and agree each with the other as follows:
Subject to the terms and conditions provided in this Agreement, RECEIVER and PROVIDER
will act together to assist each other to govern and facilitate the establishment, generation and appropriation of mutually required funding and capital enterprise, and all Parties hereby appoint each other as venture partners and agree to perform the necessary services with respect to the Entrusted Assets S2S to establish a successful MOU.
2. Investment Consulting Services and Entrusted Assets
1.The Entrusted Assets consist of Cash Funds and will be sent by SERVER TO SERVER credit line for...................................... FOR HUMANITARIAN PROJECTS APROVED.
1.Common funds will be received at the account of …………………in favor to………..,Upon their Download, RECEIVER will transfer XX% of Funds Received/Download in an account/subaccount in the name of……………….,or specific instructions after download, within xx/xx hours after download. The …………,shall receive specific instructions after download for the transfer of XX% of Funds Received. The Parties can jointly decide for the eventual investment of these funds.
The Trust-management Services and Venture Services are the professional services to be provided by the RECEIVER to PROVIDER , in accordance with this Agreement and with respect to receive the funds by Server in the amount up to XXX (XXX) Billions Euros
1.Such amount less bank cost, commissions and consultant fees amounting in total of XX% of Funds Received will be delivered to beneficiary account in Exhibit 1.
3.Recitals and Understandings STEP BY STEP TRANSACTIONAL PROCEDURES
a. It is not the intention of the parties to organize or create a corporation, security, partnership, trust, limited liability company or any other entity, system or arrangement considered to be a separate, taxable entity. Furthermore, the participation created herein will not generate any other responsibility or liability for either party, other than the ones herein designated.
b. During the existence of this MOU Agreement; the parties respectively shall be responsible for the following duties:
c. The receiver presents codes from …………...for loaded in bank sistem, BANK sender check its existence and correctness the receiver bank screen server system of the bank ,BANK sender check their screen server and confirm it is okay, The receiving bank will be loaded of amount.for each transh.. and proceed same time to credit beneficiary account .
d. The provider and his bank uploads (these transh wil be communicate ) cash server download transfer and provide the receiver server IPS and codes for the download
e) Upon downloading and receiving the funds, the receiving bank will credit the funds to the account of the receiver. Without any further delay after confirming the fund are in
the account within X BANKNG DAYS (XX/XX hours) the receiving bank will transfer the agreed upon XX% to the sender, XX% will remain within the receiver’s account for further investments.
f……….will be the Trustee of the funds to be downloaded on sender side. When the investment downloading is completed XX% in Total as Consultancy Fees agreed of the total fees as Trustee/Management fees for this operation.
The RECEIVER has the obligation associated to this MOU to receive the funds in form of cash in the designated account/subaccount immediately after irrevocable Download. RECEIVER shall provide the SCREEN SHOT to the block and receive closing code ,the SLIP TRANSFER COPY to designated account and after XX/XX hours funds consolidated will be sent in account (RESERVED) for the PROVIDER or specific instructions after download
4. Remuneration and Fees
The RECEIVER is paid for services immediately after irrevocable downloading the of S2S funds, before transfer to the account the designated, professional services consultancy fees will be:
XX% enclosed bank cost taxes and consultant fees. Total Bank cost for the Funder will be XX% enclosed all the consultancies commission and cost from the Bank. A CFA and IFMPA will be jointly signed for Commissions to Consultants.
The payment will be deducted from the Bank directly to the funds download by Server or at the ………….to be jointly decided who will act as PAYMASTER for this MOU.
The amount associated to this MOU are XXX (XXX) Billion Euros and XX% of that amount will be transfered to designated account/sub-account (RESERVED) FOR the FUNDER or specific instructions after download in XX/XX hours upon consolidation account. Coordinates of Account/Subaccount for will be separately communicated.
e. Upon the receiving bank crediting of the receivers account. The receiver will without any further delay after confirming the money in their account within X BANKNG DAY pay out the agreed XX% to the sender and XX% as Fees according to the FPA Protection mentioned below as stated in the above special condition :
Party B agrees to do the FULL AND FINAL payment of XX% OF FACE VALUE OF FULL FUNDS to the nominated bank account for Party A within X BANKING DAYS after Party X BANK has received the FUNDS credited to their BANK account
Mr……….., a will be entitled to XX%, While FACILITATORS , will earn XX% Consultancy Fees agreed of the total fees as Trustee/Management fees for this operation
Categories: S 2 S