Swiss procedure includes no TTM whatsoever. The transaction only happens 100% bank to bank with no travelling to Hong Kong.. . 1. SENDING OF THE FORMAL FCO BY THE SELLER MANDATE (this is a blank document - you need to provide the FCO on the Seller Mandate's letterhead paper, with the full coordinates (e-mail / address / tel numbers), signed & sealed. 2. Buyer Mandate returns the signed FCO or sends his LOI 3. Seller sends the contract including the Draft MFPA -Buyer returns the contract signed - Seller signs & returns Both parties deposit the contract at their bank 4. Bank Bulion Officers take over: Selling Bullion Officeer shows the POP to the Buyer Bullion Officer Buyer Bullion Officer shows the POF to the Seller Bulion Officer 5. The deal proceeds - payment by swift bank transfer - no bank instruments. QUESTIONS: - Can the deal happen bank to bank with no TTM in Hong Kong ?- Can you provide the formal FCO ? - Are you direct to the Seller Mandate ? If not, who is there in between, and can you arrange a direct contact with him without having a broker stand in the way like is the case for the 100MT deal ?- Does anyone come on the buyer side ?- How old is this gold ? Posted from Sudan - Al Khartum on 15 September, 2008
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Trade Leads Directory -> All Trade Leads -> Base Metals & Articles -> Base Metals -> We buy any quantity gf Gold bars swiss procedurs
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