FROM THE DESK OF JAMALUDDIN SYED

Regarding Bank Swift messages like MT799, MT999, and MT199, YES, it is not easy to explain quickly, clearly and why use one type or the other. For beginners, both are classified by SWIFT as “free format message” , the difference is that for an MT799, banks must exchange a so called BKE authenticator… which means a test key is automatically coded into the sent message, and decoded at the receiving end. An MT999 is the same as MT799, just without this test code. therefore its considered unauthenticated, and MT999 messages have no value whatsoever, unless confirmed via a separate test key. -------------------------------------------------------------------------------- SWIFT MT 799 The MT-799 is a free format SWIFT message type in which a banking institution confirm‍s that funds are in place to cover a potential trade. This can, on occasion, be used as an irrevocable undertaking, depending on the language used in the MT-799, but is not a promise to pay or any form of bank guarantee in its standard format.The function of the MT-799 is simply to assure the seller that the buyer does have the necessary funds to complete the trade. -------------------------------------------------------------------------------- What does the SWIFT MT-799 option provide? An account with the SWIFT MT-799 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in compliance with the SWIFT Category 7 “Treasury Markets & Syndication” message types. Often there is a misconception that a particular circumstance requires a SWIFT MT760message, when in fact, the SWIFT MT-799 format provides the required bank confirmation for the application. There is a $1 million minimum account size for a SWIFT MT-799, and additional costs apply. The MT-799 is usually issued before a contract is signed and before a letter of credit or bank guarantee is issued. After the MT-799 has been received by the seller’s bank, it is then normally the responsibility of the seller’s bank to send a POP (proof of product) to the buyer’s bank, at which point the trade continues towards commencement. The actual payment method commonly used is a documentary letter of credit or an MT-103 (wire transfer), which the seller presents to the issuing or confirm‍ing bank along with shipping documents. Once the bank confirm‍s the documents, the seller is then paid. An alternative method is to use a bank guarantee in place of a letter of credit. It is normally at the seller’s discretion which method of payment is used. -------------------------------------------------------------------------------- How Do I Issue An MT-799 Swift Message The short answer is that you cannot. Approach your bank, and make an arrangement with them to have an MT-799 wired to the seller’s bank. Some banks are reluctant to issue MT-799’s, as these make them liable for the full cost of the trade, which can sometimes be in the millions. On the other hand, we can assist you in this matter. Just send a brief email with your specific need to argointernationalusa@gmail.com and we will do the rest for you under our specific agreement with you. -------------------------------------------------------------------------------- What Does A MT-799 Look Like? An MT-799 is an automated message sent electronically from one bank to another, so you won’t really ’see’ an MT-799 at all. The paperwork associated with an MT-799 will vary from bank to bank, though most banks follow a similar format. What does the SWIFT MT-999 option provide? In order to know what an MT999 is; one must be familiar with an MT799, both are classified by SWIFT as “free format message” .. The difference is that for an MT799, banks must exchange a so called BKE authenticator…which means a test key is automatically coded into the sent message, and decoded at the receiving end. An MT999 is the same, just without this test code. therefore it’s considered unauthenticated, and MT999 messages have no value whatsoever, unless confirmed via a separate test key. -------------------------------------------------------------------------------- What is Swift MT199 Message bank letter? A Swift Message Type 199 Is A Interbank Message Used Between Two Banks To Transmit The Value Of A Bond Or An Skr Or A Free Format Message Engaging 2 Banks Readyness To Move Forward With A Transaction. Usually A Private One. A Mt199 Swift Message Is Easily Explained As A “Chat” Message. Basically You Use This Format ■When A Transfer Order Has Been Sent And You Want To “Notify” The Beneficiary Bank In Order To Sort Out Something, ■Or To Find Out If Funds Have Been Applied, ■Or Basic Other Info. For Example, A Mt199 Could Go; We Refer To Our Mtxxx, Date Xxxxxx, (Input Information Regarding The Orderer And Beneficiary. Amount, Dates, And So On) And Then, Straight To The Point, You Just Simply Type The Text Of Your Question, Or Demand, Or Whatever, Like, “Our Customer Reports Funds Have Not Been Applied Yet, Please Confirm‍ Transfer Status” Kind Regards, (Whoever) The Other Bank Will Reply To You Using The Same Format (Most Likely), So Sooner Or Later, You Will Have An Incoming Mt199 From Them, Like; We Refer To Your Mt199 Date Xxxxx And Our Mtxxx Date Xxxx Information, Codes, Etc… “We Are Holding Funds, Request (Whatever Additional Information) In Order To Apply Funds To Beneficiary Minus Our Charges. Please Confirm‍ Iban Number (For Example).” So Basically, A Mt199 Is One Banker Or Security Officer “Talking” To Another.

BANK GUARANTEEs

ARGO INTERNATIONAL`S WONDERFUL YEAR 2012

The management of ARGO INTERNATIONAL INC. USA is pleased to announce that the year 2012 was very wonderful as many transactions related to documentary credits, leased bank instruments and certain financial advisory services were conducted successfully by ARGO INTERNATIONAL INC. worldwide. Regardless of many obstacles due to restrictive banking laws in different jurisdictions around the world, ARGO managed to provide best possible professional services to its clients in Asia, Middle East and Africa. The official representative of ARGO Mr. Syed (based in Germany) visited Malaysia, France, Singapore, Panama and certain African countries to make these deals successful. We look forward to enter 2013 with a renewed zeal and confidence to serve all our valued clients around the world in the best possible manner. Also in May 2012, a new company ARGO INTERNATIONAL GmbH was incorporated in Germany to handle all transactions as authorized ESCROW AGENTS and FACILITATORS in the arrangement of bank instruments etc.Mr. Jamaluddin Syed is the CEO of ARGO INTERNATIONAL GmbH GERMANY.

ARGO INTERNATIONAL INC.
UNITED STATES OF AMERICA
TEL +1 612 877 2016

LEASED BANK INSTRUMENTS

We offer seasoned and fresh cut bank instruments for lease/sale, such as BG, SBLC, MTN,Bank Bonds, Bank Draft, T strips and other. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options. This offer is opened to both individuals and corporate bodies.

DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Instruments (Confirmable Drafts, Bank Guarantees (BG/SBLC) etc
2. Total Face Value: Eur 1M MIN and Eur 5B MAX (Five Billion)
3. Issuing Bank: HSBC London, Deutsche Bank Frankfurt or any Top 25 AA Rated Bank
4. Age: One Year or as agreed by both parties
5. Leasing Price: 6% to 10% of Face Value plus 2% commission fees to brokers
6. Delivery: SWIFT TO SWIFT
7. Payment: MT-103/23
8. Hard Copy: Bonded Courier within 7 banking days

The Leased Instruments/Instruments for sale include: BG’s, Insurance Guarantees, MTN,
Confirmable Bank Draft, (SBLC) Standby Letters of Credit and Third Party Guarantees
such as a standby forward commitment to purchase or a standby loan. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with all the details regarding this services.

Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with providers of these instruments. You will work with your bank to ensure that the leased instruments will be returned to them before the maturity date. This Instrument can be monetized on your behalf for Trade in PPP. Kindly show your interest as soon as you are in need of our services.

ARGO INTERNATIONAL GMBH.

www.argointernationalusa.blogspot.com
USA TEL +1 7632607659 argointernationalusa@gmail.com
JAMALUDDIN SYED TEL +49-17632440017 syed.jamaluddin@gmail.com

GOING BEYOND BORDERS

Documentary Letters of Credit

we organize issuance of documentary letters of credit from top banks such as HSBC Hong Kong, STANDARD CHARTERED BANK Singapore. These LCs are for 90 days and are payable at sight 100%. Normally, a 90-day LC costs 4% to 6% depending on terms of supplies. This LC cost must be paid in advance on the basis of a signed BANK INSTRUMENT ARRANGEMENT AGREEMENT. LC is issued within 48 hours from the date of receipt of LC issuance cost. In case, the LC amount is higher and accordingly the LC issuance charges are higher, we also assist in arrangement of a separate SBLC to secure the main LC cost which should be reimbursed at the time of settlement of LC on arrival of shipment at the port of destination. Our company ARGO issues Indemnity to the LC provider (the company which deposits 100% margin for the LC). Please bear in mind that all LCs are 100% cash-backed which means these LCs basically are FULLY FUNDED DOCUMENTARY LETTERs OF CREDIT (FFDLC).

In order to trigger the LC, we must have the following documents from the client:

a) Color Scanned Copy of the Valid Proforma Invoice with all details of product, rate, total amount, banking coordinates of the supplier, buyer´s name properly indicated, port of loading, port of discharge, payment terms, signature and stamp by the supplier;

b) Color Passport Copy of the CEO of the client (buyer);

c) Bank Comfort Letter of the client;

d) Complete banking coordinates of the client (buyer);

e) A Letter of Intent requesting issuance of documentary letter of credit for so musch so amount duly signed by the CEO addressed to : ARGO INTERNATIONAL INC. 730 Drillane Circle, Hopkins, 55305 MN, USA;

Please find attached specimen of LC and copies of certain LCs issued for your understanding about the exact text of LC. If your seller has any specific LC text, you can provide the same for our examination and approval.

The procedure shall, therefore, be is as follows:

1. The client first provides the above-mentioned initial documents so that we should proivde the specific Bank Instrument Arrangement Agreement along with the invoice of the LC issuance charges;

2. The client signs the Bank Instrument Arrangement Agreement;

3. The client pays the LC issuance charges or charges for the SBLC to secure the main LC cost as per the Bank instrument Arrangement Agreement to the nominated bank account;

4. ARGO issues Indemnity Letter to the LC provider on behalf of the client (buyer);

5. LC is issued within 48 hours of the receipt of the LC issuance charges or in case a separate SBLC is to be organized first to secure the main LC cost, such SBLC is first issued and then FFDLC is issued with 48 hours after the SBLC has been sent to the LC provider;

6. The supplier should commence the shipment and provide scanned copies of shipping papers both to us and the buyer;

7. The buyer MUST arrange funds at their own end to settle the commercial invoice value of the supplier before the arrival of shipment and make sure that once the original shipping papers are submitted by the supplier at the counter of the LC issuing bank, the buyer´s bank MUST remit the money either to LC issuing bank (for settlement of LC) or make direct payment to the supplier and allow the LC to expire appropriately (NOTE: The LC provider shall IN NO WAY MAKE ANY PAYMENT ON BEHALF OF THE BUYER AND THIS IS WHY "INDEMNITY" IS PROVIDED TO THE LC PROVIDER). The buyer must have funds at the time of arrival of shipment to settle the supplier as discussed above;

8. If the main LC cost is secured through a separate SBLC, such LC cost should also be paid against a specific invoice at the time of settlement of LC (on arrival of shipment);

SYED JAMALUDDIN
Germany / USA
tel 004917632440017 USA TEL +1 7632607659
email: argointernationalusa@gmail.com
www.argointernationalusa.blogspot.com

ABOUT LETTERS OF CREDIT, BILLS OF LADING