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INTERNATIONAL CALIFORNIAN TRADING PLATFORM (ADV - Financial)

by Trade India, Monday, June 16, 2014, 07:39 AM (3605 days ago)

INTERNATIONAL CALIFORNIAN TRADING PLATFORM

Procedure of FDR Assignment in Lieu to International Trade:

Step 1. Instrument holder to provide BCL of the instrument in his said bank to the trader.

Step 2. Same day, Instrument holder will provide a certificate from the bank, that the discussed FDR has been made from clear fund, which is free from any legal or financial encumbrances. Moreover it has to be mentioned that the funds are completely profit generated from the rolling financial year, if it is a company.

Or

If it is an individual, then the fund has to be completely tax paid, without any tax default, by the FDR holder from the originating country.

Step 3. After these documents are provided to the trader from the instrument holder, and upon traders complete satisfaction from the banker’s, the traders then enters with an agreement with the instrument holder within the bank and will pay 2% of token amount through RTGS or Bank Transfer to the instrument holder.

Step 4. Instrument holder will keep his original FDR instrument, BCL and certificate with himself and will issue certified coloured copy of FDR instrument, BCL and certificate for international verification and qualify it for trade.

Step 5. Within 7 days instrument holder will receive valid certificate and agreed amount will be paid to the instrument holder and the mediators. After receiving funds Instrument holder will hand over all supporting documents, copies related to the FDR instrument to the trader.

Special Note:

1. Trader wants a professional corporate deal, so please No Escrow, No Commitment Amount terms would be entertained. 2. 40% Mediators commission will be paid (A – Instrument holder side + B – Trader side) 3. Token amount paid in advance will be adjusted with the instrument holder at the time of final payment. 4. Minimum FDR instrument value required is INR 50 Crores. 5. Programme validity 9th July 2014 6. All Nationalized Banks or Private Banks Instruments are accepted. 7. For successful FDR assignments, above mentioned procedures are mandatory and has to be followed.

As far as service charges are concerned please discuss it with my negotiators Mr. Jatin and Mr. Manish.

Thanks & Regards For Californian Tradex Company

+ 91 88 00 77 2521

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