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Jatlen Corporation
Tel:1-954-3572505
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Jatlen Corporation
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Company Info
Jatlen Corporation [United States]
Business Type:Trading Company, Agent, Service
Country/Region: United States
GOLD AND HALLMARK BULLION [United States]
| Update Time: | 2011-11-15 |
|---|---|
| Valid to: | Never Expired |
| Detailed Description: | Buyer's AU Gold Bullion Procedures: A. Seller issues Sales and Purchase Agreement (SPA), including MFPA, to Buyer for his approval. B. Four (4) complete sets of the Purchase & Sale Contract shall be signed, executed and notarized or sealed by the Buyer and Seller. Each party shall be given two (2) sets of the executed contracts, which shall be lodged in their corresponding implementing banks, through their respective bank officers. Each party will notify the other immediately after the lodging of the contract with its respective banks. C. Seller's Bullion officer sends pre-advise MT 600 via SWIFT to buyer's bullion bank officer. Upon receipt and approval of such SWIFT by buyer's bullion bank officer, then both bullion bank officers will setup a Window time to exchange (Proof of Product) Via SWIFT MT 600 (Proof of Funds) and SWIFT MT 103 as confirmation of the Au metal and ability to purchase and payment. Upon Seller's bullion bank officer sending SWIFT MT-600, he will simultaneously advise the buyer of issuance of such a SWIFT. A copy of MT 600 format is included as Annex 4. D. Transaction is completed electronically with exchange of the Product and Funds on a bank-to-bank basis. MT-600 against MT-103 E. Buyer will pay commissions to nominated parties as stated in the Master Fee Protection Agreement for the transaction. Note: 1- Buyer's Bullion Bank is the top Au bullion bank 2- Buyer has financial capacity to purchase any quantity as long as it could be confirmed through US Fed. Res. 3- Deliver schedule will be determined and dictated by US Fed. Res. 4- Buyer will not take any discount less that 5% net |
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Contact Details
Mr. Taipan Kinlock
