ROCEDURES FOR DEALS IN HSBC BANK ON MASTER ALTERNATIVE CHANNELS
PROCEDURES
1. a) The Seller and the Buyer Representatives will sign an MOU/Term Sheet for the confirmed
Procedures.
Both the Authorised Representatives will carry this signed Term Sheet in Originals when meet before
the slot time the Bank as per the Slot Time.
b) The Seller Book the Slot on the advice of the Buyer for a specific date and informs date and time to
the Buyer in writing before 24 hrs.
2. The Seller and the Buyer will reach in the Bank on time and the Seller will give the Hard copy of the
Slot Booked mail /slot original copy to BM or concerned officer who is having his PA number .
The Branch Manager of the Bank,who has issued the Slot,will verify the Slot Confirmation Receipt
Confirmation Hard Copy and Sign and Seal by Putting his PA Number and ID INSIDE HIS CABIN WITHIN BANK.
This signed and verified Slot Confirmation Hard Copy will be verifiable by the other Channel oriented
Branches of the Same Bank.
3.After successful verification of the Slot Receipt, the Buyer through his Officer (VP/BM) will give the
Current Statements in INR sufficient to the Principal, Premium and Commission amount for Transfer
as Investment as per the amount available by the Seller for Transfer to the approved Projects.
4. The Buyer gives adequate 16 digit number/s to the seller and request to the Bank Officer appointed
by the Buyer to activate the account and enable it in receiving mode in-order to receive the amount.
5. The Seller creates a Transaction ID with the help of the Seller VP and the Buyer VP and puts on
hold.
6. The Buyer/VP verifies the Transaction ID.
7. On successful verification of the Transaction ID, the Seller and the Buyer simultaneously show the
Board Resolution , Authorisation Letter and ID and The Buyer creates a Transaction Slot enable to
start the Transaction.
8. The Buyer/VP verifies all the available Permissions and approvals of the Seller/VP and
simultaneously the Seller verifies all the relevant approvals and permissions for the Buyer.
9. The Buyer transfers the amount of Principal and Premium and Commission to the designated
accounts.
10.The Commission will be paid as per the Fee Protection Agreement duly signed by each Beneficiaries
and attested by the Authorised Representative of the Buyer.
Ratio : HSBC IND 140+20. HK 170+30.
Axis n ICICI IND 120+10

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