LOI_XYZ_001 - FT Asset Management



Financing AgreementBetween(your company name)Represented by Mr. (your name), CEOAndFT Asset Management KB and AssignsRepresented by:Mr J.J. van der Most, General partner and founderDated this DATE \@ "dd MMMM yyyy" 21 October 2021IntroductionWhen a client makes a payment inside the country, for example, the rent, mortgages, to a garage, etc., the bank will not send a SWIFT message to the receiving bank; that could overload the SWIFT system.If a bank (e.g. in the Solomon Islands) wants to receive funds in another country (e.g., in the Netherlands) and does not want to open a branch there, they could ask a bank (e.g. ABN-Amro) in that country to open an account.In that way, the bank can receive money (for example, euro’s) in that country (the Netherlands).Once that money is received (in the Netherlands), that money is not moved to (Solomon Islands). Instead, the Euros stay in the Netherlands account but will show up in the beneficiaries account because it is manually transferred by one of the bank’s employees.Another example: say you would work for a bank and your salary is paid in that bank. Imagine that bank goes bankrupt. Your money is gone. Most governments guarantee the money. Even the government recognizes that this is your money and not the bank's money anymore.We can use this same principle: if we open an account in FT Asset Management for -your bank, we can place -say- 1 Million Euro (or equal in local money) in it. That becomes your bank’s money. A bank must be in balance at all times. So, we could expect that your bank would answer to open an account for FTAM; that needs to be a correspondent account and show the same amount of money in it.With the money in your bank, we can start doing business. The profits can return to your bank and finance selected projects.The conventional model for international payments:-51206115773Our proposed way of working:right9113521698201305915Correspondent relationship00Correspondent relationshipInvestopedia has a good and detailed explanation about correspondent bank relationships: Financing Agreement (the “Agreement”) is made in full and unanimous agreement on DATE \@ "dd MMMM yyyy" 21 October 2021 by and between (Each is referred to herein as a “Party” and collectively the “Parties”.)(your company name) (“CLIENT”)Represented by: Mr (your name). CEO(country) Passport: (passport number)Address: (your address)Telephone:+(your phone number)Mobile phone:+(your mobile number)(you have: WhatsApp / Viber / ...) Email address:(email)Website address:(website address)Skype:(Skype address)“CLIENT BANK”Bank Name:(bank name)Bank Address: (address of the bank)Bank Telephone: +(bank phone number)Beneficiary: (your name / company name)Beneficiary Account: (account number)Beneficiary Address: (your address)BIC / SWIFT Code: (banks SWIFT code)Website:(banks website)FT Asset Management KB or Assigns (“FTAM”) Represented by :Mr. J.J. van der Most, General partner and founderDutch passport:BD6B30L15Address: Frejgatan 13-1478, 1 14 79 Stockholm, SwedenMobile Number: +31 6 832 565 86 (Whatsapp) Telephone Number: +46 8 559 24 067 Skype: jjvdmostEmail:jvdmost@Amount to be placed in the account:Total Amount:(amount in numbers) Currency:Euro / USD / GBPIn words:(amount in words)Commissions:2%Most national payments, payments inside the same country, do not take place via SWIFT. Most banks perform cash payments (like invoices, rent, mortgages, etc.) via correspondent accounts.The sending bank places the transferred amount in the account for the receiving bank and sends a signal to that receiving bank. Then, the receiving bank checks the account at the sending bank. If the transfer is accepted, the beneficiaries account is credited.In this contract, we implement this same process between the Client’s bank and FT Asset Management.After all considerations and after consulting all people and companies that we saw fit, we have come to a harmonious and unanimous agreement on the following.CLIENT is looking to accept themselves or have their bank accept one of more deposits through the below-described process.It is vital to have the full corporation of the CLIENT’s bank. Without that, we cannot implement this contract. Additionally, full and unrestricted access to the senior-level leadership is required to work on all details.FTAM seeks close harmonious corporations, mergers, and acquisitions with merchant-, private or wealth management banks to enable the next step in our growth.That would enable us to implement large-scale buy-sell transactions in the bank regions and finance approved projects. The principle capital (brought in through the correspondent relationship) will stay in the account and be replaced by earned capital.FTAM enables countries, counties, cities, states, companies to receive a part of its large holdings. As a result, we could elevate a debt situation, enable growth, finance new projects.In this contract, the General Contract Conditions apply. These can be found: documents/General Contract Conditions.pdfOnly commissions need to be paid, and we agree to keep as much as possible in the account and use that to generate clean cash by implementing buy-sell transactions.Steps to be takenUnder this contract, the following steps will be taken:FT Asset Management will open a correspondent (Vostro/Nostro) USD, EUR and (local currency) account for receiving bank and provide all appliable details.Simultaneously, FT Asset Management will place the agreed amount of clean, clear cash in the applicable correspondent account.After placing the money for this transaction and possible future transactions, an account overview showing the deposit will be sent to the receiving bank to log in and verify the deposit.Within 2 (Two) International Business Days, the receiving bank will mirror the amount in the similar correspondent (Vostro/Nostro) account for FT Asset Management.After mirroring, a confirmation will be sent to FT Asset Management that the funds have been mirrored and placed in the correspondent account.The funds are now ready for further distribution.Kindly note that initially, for the (potential) trial period, this will be a “0ne-way” transaction; i.e., we shall deposit money with receiving bank’s in the corresponding account to be opened. Thus, this initial sum could be 1M to 10M USD/EUR. As relationships mature and in case of parties find it mutually beneficial, this relationship could be extended to be both ways.Also, note that we do not need to send messages via SWIFT, SEPA/IBAN/GPI, Fedwire, or similar systems do not have to be used in this process. The sending of the funds is done directly between the two institutions.SignaturesThis Agreement shall be withdrawn by the FT Asset Management KB if not fully executed by the receiving party within Fourteen (14) International Business Days from the contract date affixed hereto. IN WITNESS WHEREOF, the parties hereto declare that they have read and understood this Agreement and are fully aware of the interpretation of all of the provisions, terms, and conditions herein and further that they have signed by their hand below and have accepted and approved all covenants, terms, and conditions of this Agreement this DATE \@ "dd MMMM yyyy" 21 October 2021For and on behalf ofCLIENT By:_____________________Mr. (your name) CEO (country) Passport No (number) Expiry Date: (date)For and on behalf ofFT Asset Management KBBy: ____________________Mr. J.J. van der Most, CEO Dutch Passport: BD6B30L15 Expiry Date: 20 Jan 2025EDT (Electronic document transmissions) shall be deemed valid and enforceable with respect to any provisions of this Contract. As applicable, this agreement shall be Incorporate U.S. Public Law 106-229, “Electronic Signatures in Global and National Commerce Act” or such other applicable law conforming to the UNICITRAL Model Law on Electronic Signature (2201) and 2-Electronic Commerce Agreement (ECE/TRADE/25, Geneva, May 2200) adopted by the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT). In addition, 3-EDT documents shall be subject to European Community Directive No. 95/46/EEC, as applicable. Either Party may request a hard copy of any document previously transmitted by electronic means provided; however, any such request shall delay the parties from performing their respective obligations and duties under pany information (your company)Please insert your company registration herePassport (your name) Please insert your passport copy hereDownloadable documents.FTAM COMPANY PROFILE: Datasheet: of Registration: against Money Laundering: of Trustee: passport Company registration FT Asset Management << end of document>> ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download