![]() ![]() ![]() Upon receipt of the refundable retainer, ( or the arrangements as described HERE ), the contract is considered accepted and validated and the Facilitator countersigns the BSC. Participants are advised that ASX will be conducting Business Continuity Plan (BCP) testing of Austraclear, ASX Collateral and Swift services on 30 April to satisfy regulatory and audit requirements.The facilitator’s invoice for the refundable retainer / call option fees in the amount of Euro 30,000 is transmitted to the client (you) and the clients transfers the retainer / call option fees or arranges a new bank account, in a new bank, and arranges a relevant and acceptable bank undertaking.If not, then these steps of the procedure apply: If you are a client of substance, then you can skip this part and hit “READ LESS”. This makes this facility an absolutely no front fee transaction for any qualified BORROWER. If a BORROWER proves to be of substance (see above), and through relevant audited accounts, the INSTRUMENT RESERVATION FEE (as to PARAGRAPH 6.03 of the Business Support Contract) is being advanced and paid by the FACILITATOR for the BORROWER. THIS IS A NO FRONT FEE TRANSACTON The instrument lending fee is paid by your receiving bank only once the SBLC or BG has been delivered to the receiving bank via SWIFT MT760 and has been verified upon receipt. If audit was not performed or is endorsed by a major and internationally recognized firm If your audited accounts and annual revenues for the past fiscal years, do not equal to the face value (or more) of the guarantee instrument that is requested If your company does not evidence an established active commercial or financial business and you do not have audited accounts You may need to place the Euro 30,000 retainer/call option fee if you are not fully qualified and if your business cannot evidence to be of substance and is well established since years: In this world of constant change, SWIFT is evolving too, using our expertise to help our community move faster and work smarter together. The global provider of secure financial messaging services. For any qualified client, we are prepared to advance this on behalf of a client of substance. Order, change or terminate your subscription to Collateral Management. To enable this process, a call option has to be placed on financial markets. ![]() For your transaction highly rated Securities will have to be reserved and purchased. ![]()
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