Sunday, April 12, 2015

Tagged Under: , , ,

Bank Guarantee Offered By Greedy Vultures

Share



These days Bank Instruments such as Bank Guarantee (BG), Standby Letter of Credit (SBLC) and Letter of Credit (LC) are desirable, just as Gold and Diamonds are. 
More often companies will use Bank Guarantee (BG) to be able to make high value purchase or use the Bank instrument as a collateral for a project. 
People are even stating that a Bank Guarantee (BG) can be place into the Private Placement Programme (PPP) as long as it is Cash backed.

One of my colleague and friend contacted me and asked me to check for a Bank Guarantee (BG) for his company to purchase. The value has to be between $5 Million upto $100 Million.
Knowing my colleague, his company probably has the intention to purchase high value commodity or indeed investing in a project.  

So you can imagine when I received a Fresh Cut (FC) BG offer, that I was very excited to check the attachments. The issueing Bank is the Deutsche Bank, which is one of the Prime Banks that is genuine when it comes to issue Bank Guarantees
I noticed that the price is a bit odd, because it is 48 + 3. Usually it is +1 or +2. But +3?... 

Reading through the documents I could not help wondering why there are not much space on the Draft Agreement for Seller's details, but there were many for the Buyer to fill in and sign.
Then I came to the part where the commission was laid out and divided. 
There is a Box for the Seller Side, 1% closed. Then there is the Box for the Buyer Side 1%, which is also closed and even has a Paymaster on there. The last Box is also for the Seller Side, 1%. 

It is unbelivable that these people can even be so greedy to demand 2% for themselves and also pointing out a Paymaster for the Buyer Side while the Buyer is still unknown to them. 
How is this even possible?  What kind of greedy vultures are we dealing with here?  What were they thinking? This really came as a surprise to me! I thought I have seen it all, but I was wrong!

Certainly the Paymaster mentioned on the Buyer Side is not even appointed by the  Seller. If that was the case, then the Paymaster would be mentioned on the Seller Side as well and not just on the Buyer Side!   

I have to admit, what the greedy vultures did is definitely bold, daring and smart at the same time. 
Nice try though! However no Buyer Side and Buyer will accept this!  
The Buyer is the one that is purchasing and have to make the payments, so therefore the Buyer is the one who will be appointing the Paymaster.

Well, too bad...  Guess this is one of the offers that will have to end up in my trash can.
 

8 comments:

  1. Dear Partner,

    Who we are and what we do...

    We are UK based Financial Services company, we write to introduce our company as financial and investment brokers. Our company can assist you in seeing opportunities, securing project and investment loan funding, bank instruments (Bank Guarantee (BG), Standby Letter of Credit (SBLC)) to aid you secure funds appropriately from any global AAA+ rated banks or top investment house to fund your projects from mid- range to massive projects any where in the world.

    Our area of specialisation focuses more on helping our clients with securing investment loan and leasing bank instrument (BG or SBLC) from AAA+ rated banks.

    Contact us today if you have projects that require funding from 1M - 5B and we will be more than glad to advise and work with you.
    Mr Ronald Rajnesh Gounder
    Email: grounesh.advisory1@gmail.com
    Skype ID: grounesh.advisory

    ReplyDelete
    Replies
    1. I`m Charlie Bean and I live in Toronto Canada. I needed a loan to buy a house and I searched for a mortgage loan from all banks and I was denied and I loss hope of having my own house until I came across a post just as you reading my post now. I saw a post about a Financial Service Company who gives loan at 2% interest so I applied in STEAKLEY FINANCIAL SERVICES using their email steakleyfinancialservices@yahoo.com. And my loan was granted it was like a dream but was true and now am a owner of a house in Toronto and am paying the mortgage loan with no stress and I also requested if I can be granted a business loan and I was also granted. Now am living a happy life, I will advice you if you have an financial problems and you need money to settle it so you can pay with no stress just contact Steakley Financial Service at their email Steakleyfinancialservices@yahoo.com or number +1(512) 714-8010.

      Delete
  2. EDWARD JONES FINANCE IS THE BEST PLACE TO GET A LOAN {Jonesloanfinance@yahoo.com},
    God bless you sir, I will not stop telling the world about your kindness in my life, I am a single mum with kids to look after. My name is Emily Thomas and I am from Convention Center Drive, Miami Beach, FL . A couple of weeks ago My friend visited me and along our discussion she told me about EDWARD JONES FINANCE, that they can help me out of my financial situation, I never believed cause I have spend so much money on different loan lenders who did nothing other than running away with my money. I have been in a financial mess for the pass 7 months now, She advised I give it a try so I mailed him and explain all about my financial situation to him, he therefore took me through the loan process and gave me a loan of $390,000.00 at a very low interest rate of 2% and today I am a proud business owner and can now take good care of my kids, If you must contact any firm to get any amount of loan you need with a low interest rate of 2% and better repayment schedule, please contact EDWARD JONES FINANCE email:- {Jonesloanfinance@yahoo.com} OR Text +1(307) 217-5388

    ReplyDelete
  3. Home improvement loan is tailored for the UK residents who wish to make improvements in their home. Loan term and the rate of interest on the home improvement loan vary from lender to lender. Estimate the cost that will be incurred in undertaking the home improvement project before you start searching for the best home improvement loan deal. Read the article to learn how a home improvement loan can help you make it easier for you to make the desired changes. SolidWorks 2020 Premium SP1

    ReplyDelete
  4. In order for any business to be successful, you must put ethics first and foremost. This means staying with what really works and staying away from what doesn't work. This isn't as easy as it seams as you will see from the article. However, it can be achieved. Autocad at CheapSoftwareDownload

    ReplyDelete
  5. I like this weblog very much, Its a rattling nice billet to read and find info . 먹튀검증

    ReplyDelete
  6. There are some interesting cut-off dates on this article but I don’t know if I see all of them middle to heart. There may be some validity but I will take hold opinion till I look into it further. Good article , thanks and we would like extra! Added to FeedBurner as nicely 먹튀검증

    ReplyDelete
  7. About the only person who gets through the film unscathed is Natalie Portman. 먹튀

    ReplyDelete

Need an Invite?

Want to follow my fashion blog? Be my guest, give us a message.

Name Email * Message *

Fashion Business

Jwcey Celebs Forum Sexy Fashion