Step-1
Necessary information and documents to initiate the procedure
1) Bank Statement…………..
2) Copy of your passport………….
3) Completed Proof of Fund application. (We have sent you the format, please see the attachment)……………..
4) Executive Summary……………..
5) Copy of Articles of incorporation/Copy of business registration……………….
6) Copy of Tax ID………………………..
7) Copy of approved swift Text signed by the Receiving Bank or Beneficiary……………
8) Copy of Receiving Bank Coordinates with Bank Officer Contact Details…………………………
Step-2
Joint Venture Agreement
1) Fast Bank Guarantee will provide you a Generic Joint Venture Agreement Format
2) After having a mutual understanding (among the parties) regarding “terms and Condition” both parties will authenticate the Joint Venture Agreement.
Step-3
Payment Method
1) Fast Bank Guarantee prefers only Escrow Transactions.
2) After having a mutual understanding (among the parties) both parties will set up an Escrow Agent.
3) The lessor, the lessee and the attorney will authenticate the Escrow Agreement.
4) The Escrow Company should be located at United States.
Step-4
Underwriter
After compiling all the necessary documents (Proof of Funds account Application, JV Agreement and Escrow Agreement) Fast Bank Guarantee will submit the documents to its underwriter to verify and finalize the agreement.
Step-5
Finalization
1) The Lessee will initiate the procedure by transferring payment into mutually agreed and approved Escrow account.
2) After getting the Escrow confirmation, Fast Bank Guarantee will instruct its bank to issue MT-700, which is an outline of the final MT-760 Messages.
3) Issued MT-700 will confirm the beneficiary’s bank that Bank Instrument has been placed and within 72 Hours beneficiary’s bank is going to receive the final message MT-760.
4) After verifying the MT-700 the Lessee will release the Escrow payment, because MT-700 is a guarantee which will assure that within 72 hours the beneficiary bank will receive Bank Instrument.
Charges
We Charge 1% of the total amount every month and 10% in a year
Henry Thompson
FastBankGurantee.com
World Headquarters
WORLD TRADE CENTER
One World Trade Center, 8th Floor
Long Beach, CA 90831
Call me (Henry):
Phone- +1 562-239-3142
Email: contact@fastbankguarantee.com
Skype: info.fastbank-guarantee.com
Web: www.fastbankguarantee.com