BASED PROJECTS FUNDING – SWIFT DELIVERY PROCEDURE.
REQUIREMENT FROM CLIENT :
See below and annexes.
1. CIS or KYC
2. RWA
3. MT760
4. Monetizer’ll issue contract/term sheet.
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SOVEREIGN GUARANTEE BASED PROJECTS FUNDING – SWIFT DELIVERY PROCEDURE.
1.H.E. Minister of Finances to designate a local commercial Bank capable to facilitate this transaction by holding or
receiving in custody the sovereign Guarantee.
2.Upon receipt of country sovereign guarantee,Local Bank to issue to IIB a RWA then, IIB will send banking coordinates
for MT760 swift , B2B communication.
3.Funding will start in 21 days after swift has been received and verified.
Sample RWA to be issued by the Bank who is holding the Sovereign Guarantee
“We , bank name and address……hereby confirm our irrevocable and unconditional that we are holding in our custody a Sovereign Guarantee issued by the Government of………..in the amount of……. for pupose offunding certain projects”.