Cheque Discounting Program:
1. Send us Complete detail CIS + Passport Copy (CEO´s passport copy being legal representative of the entity) for Due Diligence.2. After Successful submission, We will then send the CHEQUE DISCOUNTING AGREEMENT duly signed by us.
The Check / Cheque issuers must send the Original Cheques which should be properly printed, signed / stamped and must be from corporate entities. The cheque should be sent to Lessor Office by DHL. The Cheque must be sent via MT199. In case, the check /cheque issuer has problem in arrangement of MT199, we can take care of the same for $25000 being the fixed price regardless of the Cheque Amount.
Note : If you are able to send your checks via MT199, we do not have any issue but If you cannot send your check via MT 199 then We are providing you service for arranging MT 199 so that deal can be facilitated. Do not match both the things.
REGARDING MT 199:
The Cheque issuer is required to send the MT 199 (we will sent you specimen). In view of the fact that some clients cannot do it through their banks in their respective countries, we can do it ON BEHALF OF SUCH CLIENTS. This means that the condition mentioned in the agreement shall be duly complied with by such clients by utilizing our services separately as a facilitator of MT 199 as well. Once the MT199 is arranged by us (SWIFT COPY to be provided to the clients also), the said compliance shall be considered as done / successfully executed on the part of such clients.
Hence, no question shall arise if these clients did it on their own or not since the MT199 shall be in place in line with the specific clause of the agreement. The issuance of MT199 shall itself be an evidence that these clients have made successful compliance to this requirement. The payment of $25000 (fixed for all cheques regardless of amount) is therefore a charge to be collected from such clients in order for us to arrange the issuance of MT199 as an additional service.
Kindly be advised that without MT199, how it could be ascertained that the cheque is authentic and therefore deemed to be credible for presentation on its due date. If you see the verbiage of the two letters which are required from the clients seeking discounting of their cheques (We will send attachment for reference), it would be observed that we do need a confirmation from the client (not their bank) that the cheques are GOOD FOR PAYMENT. Henceforth, both these letters and MT199 make the transaction more authentic and workable because funds are involved. There should be proper protection on the part of the Discounter who is the PRINCIPAL FUNDER and therefore his financial interest be protected through a manner as being applied.
The BCL is not the document required by us as we are not asking for any PROOF OF FUNDS at the time of signing or issuing of the cheque. Our interest is only restricted to the fact that the cheque must be honoured when sent for clearance on its maturity date.
WHY WE SAY THAT THE CHEQUE SHOULD BE 100% CASH BACKED:
We all know that the discounting of cheque is to be done on the basis of GOOD FAITH. Under the banking regulations, every cheque issued is ALWAYS in good faith which means 100% CASH-BACKED. This is nothing to do with what exactly the ground reality is which means WE ARE NOT ASKING FOR ANY BANK STATEMENT or BANK COMFORT LETTER. At the time the cheque is issued, the Issuer has to keep in mind that he must ensure that once the cheque is presented on its due date, the cheque must be HONORED For this reason, the Issuer takes the risk of collecting 85% while issuing the cheque and uses the funds for 6 months or so. The Discounter will collect 100% money on due date. This is HOW the Discounter gets his profit i.e. on the due date. Moreover, we also take GOOD FOR PAYMENT letter signed by the Cheque Issuer to keep the Discounter INDEMNIFIED. IT IS NOT NECESSARY THAT CASH FUNDS BE AVAILABLE AT THE TIME OF ISSUANCE OF CHEQUES.
You may start transaction step by step in order to get funding. So Send us Complete detail CIS + Passport Copy (CEO´s passport copy being legal representative of the entity) for Due Diligence.
Feel Free to contact us anytime for further assistance.
All the best
Thanks
Muhammad Tauseef Khan
00923212371287
Skype: tauseefghauri
Email : ghauritraders@gmail.com
