Mandatory Documents & Compliance Checklist

All applicants must submit the following official corporate and financial documents for underwriting review:

Required Documents

1. Application Form

2. CIS / KYC Documents: Fully completed Client Information Sheet and Know Your Customer profiles.

3. Statement of Non-Solicitation of Funds

4. Certificate of Incorporation (COI): Legal corporate registration document.

5. Passport Color Copy: High-resolution color copy of the valid passport.

6. Proof of Funds (POF): (Must include an official bank stamp and wet signature from bank officers. All documents must be issued within the last 15 days)

   • Bank Statement: Covering the past 6 months up to the current date (Online e-Statements are strictly NOT accepted).

   • Certificate of Deposit

   • Official Bank Financial Letter

⚠️ IMPORTANT NOTE ON FINANCIAL PROOF:

Document 6 is strictly required. Financial proof must be issued within the last 15 days to filter out non-performing applicants and time-wasters.

7. Due Diligence Charges & Payment Terms

Notice on Compliance Fees: As a private corporate entity and independent investment firm (not a commercial banking institution), we mandate an upfront compliance and review fee to mobilize our extensive legal and underwriting networks.

• Standard Fee: $x,xxx USD (Non-Refundable)

• High-Risk Jurisdiction Fee: $20,000 USD (Non-Refundable) — Applicable to entities or individuals originating from, or linked to: Iran, Syria, Cuba, North Korea, Russia, Crimea, or any other OFAC sanctioned countries/territories.

• Invoice & Deadline: An official invoice for the Due Diligence Charges will be issued. The applicant must complete the payment and submit the wire transfer receipt within 48 hours.

• Processing Time: The Due Diligence and compliance verification process takes 3 to 7 banking days, counting from the date the funds are successfully cleared into our bank account.

8. Next Step after Approval

After a thorough and extensive due diligence review of the applicant/beneficiary and subsequent approval by the Provider, the applicant/beneficiary will receive the Deed of Agreement (DOA) format. This agreement will explicitly outline the Terms and Conditions of the Contract, approved contract amount (Face Value), individual tranche size, delivery schedule, price, and other closing mechanics.

TRANSACTION PROCEDURE (CONTINUED)

1. Execution of the Deed of Agreement (DOA): The applicant/beneficiary completes, signs, and executes the Deed of Agreement (DOA) to confirm the following:

   • a. Acceptance of the SBLC price and terms.

   • b. Confirmation that the applicant’s/beneficiary’s bank will accept the Provider’s Corporate Invoice.

   • c. Confirmation and acceptance of the SWIFT MT799 BPU verbiage.

   • d. Confirmation and acceptance of the Intermediary Fee Protection Agreement (IFPA).

   • e. Confirmation and acceptance of the SWIFT MT760 (SBLC) verbiage.

   Note: The completed and signed DOA must be returned on the beneficiary’s official corporate letterhead, duly signed in blue ink, stamped on each page, and transmitted to BBCI Finance via email.

2. Underwriting & Countersigning: After internal scrutiny and evaluation of the executed DOA, the Provider may undertake further enhanced due diligence on the applicant/beneficiary. Once satisfied, the Provider will fill in all relevant information regarding the Provider and the Issuing Bank, countersign the DOA, and return it to either the applicant/beneficiary or directly to the applicant’s/beneficiary’s bank for formal lodging.

3. Lodging & Binding Force: The fully executed Deed of Agreement, once lodged with the Provider’s and Beneficiary’s respective banks, becomes the sole legally binding contract governing the transaction between both parties.

4. Issuance of Corporate Invoice: The Provider will issue a Corporate Invoice to the Beneficiary’s bank. This invoice will reflect the all-inclusive SBLC/BG price and commissions to be settled immediately after the SBLC/BG has been successfully delivered via SWIFT MT760.

5. SWIFT MT799 RWA: The beneficiary’s bank will transmit a written confirmation via SWIFT MT799 to the Provider’s bank, explicitly stating that it is Ready, Willing, and Able (RWA) to receive the SBLC/BG in strict accordance with the terms of the Deed of Agreement.

6. Provider’s Bank Acknowledgment: The Provider’s bank will acknowledge receipt of the SWIFT MT799 RWA and issue a counter-MT799 RWA to the Beneficiary’s bank, confirming its readiness and capability to transmit the SBLC/BG Pre-Advice.

7. SWIFT MT799 Pre-Advice: Within three (3) banking days, the Provider’s bank will deliver the SWIFT MT799 Pre-Advice, confirming that the financial instrument will be delivered immediately against the issuance of a SWIFT MT799 Bank Payment Undertaking (BPU) by the beneficiary’s bank.

8. SWIFT MT799 BPU: The Beneficiary’s bank will transmit the SWIFT MT799 BPU (Bank Payment Undertaking) in strict conformity with the verbiage pre-approved in the DOA to guarantee payment of the Corporate Invoice upon delivery of the SBLC/BG. (Note: ICBPO is obsolete and strictly banned; BPU is required).

9. SWIFT MT760 Delivery: Within five (5) banking days after the Provider’s bank receives and successfully authenticates the SWIFT MT799 BPU, the Provider’s bank will deliver the SBLC/BG via SWIFT MT760 and provide a copy of the transmission via secure bank email.

10. Authentication, Settlement, and Hard Copy Delivery: Within five (5) banking days following the receipt and successful authentication of the SWIFT MT760 by the Beneficiary’s bank, the Beneficiary’s bank will activate the BPU and release payment to the Provider via SWIFT MT103. The hard copy of the SBLC/BG instrument will be delivered via a bonded bank courier to the beneficiary’s bank within seven (7) days after funds are cleared at the Principal’s bank.

11. Fee Payment: The beneficiary shall pay the all-inclusive fee of [XX]% + [X]% of the Face Value for each individual tranche, as explicitly mandated by the relevant Irrevocable Master Fee Protection Agreement (IMFPA).

12. Subsequent Tranches: All subsequent tranches will follow the exact same procedural cycle until the total agreed contract volume is completed or until the underlying collateral/funds are exhausted.

13. Unauthorized Communications & Penalties: Any unauthorized bank-to-bank inquiries, probes, cold calls, or improper disclosures made without prior written mutual agreement will result in the immediate termination of the transaction. The breaching party will be held fully liable for damages.

GENERAL PROVISIONS AND CONDITIONS

• Non-Communication Clause: Parties are strictly prohibited from contacting the counterparty’s bank without express, prior written authorization. Any attempt to do so will result in the immediate cancellation of this Agreement and trigger the liability penalties outlined herein. For the avoidance of doubt, any unapproved telephone calls, facsimiles, or alternative communications shall cause immediate deal termination and subject the breaching party to legal damages.

• Binding Nature of LOI: Upon countersigning the LOI package by the PRINCIPAL, this instrument becomes a legally binding Contract (Deed of Agreement) between both parties, provided that the BENEFICIARY’s bank issues and delivers the required Proof of Funds (POF) to the PRINCIPAL’s designated bank coordinates within the specified timeline. Failure by the BENEFICIARY’s bank to transmit this SWIFT within seven (7) calendar days of the PRINCIPAL’s countersignature will result in immediate cancellation and subject the violating party to damages.

• Default on Payment: Should the BENEFICIARY fail or default to settle the purchase/lease price to the PRINCIPAL upon successful authentication of the BG/SBLC MT760 in the BENEFICIARY’s account, the PRINCIPAL will immediately instruct the issuing bank to file a formal claim on the instrument, legally obligating the BENEFICIARY’s bank to return the MT760 to the issuing institution.

• Authority and Capacity: Each Party warrants and represents that it possesses full corporate power, legal capacity, and authority to enter into this Agreement and execute the transactions detailed herein.

• ICC Non-Circumvention & Non-Disclosure (NCND): The Parties agree that the Non-Circumvention and Non-Disclosure rules of the International Chamber of Commerce (ICC), up to and including the latest revision, govern this transaction and shall remain in full force and effect for a period of five (5) years from the execution date. All data contained herein, including bank coordinates, codes, and corporate profiles, are privileged and remain the exclusive property of the originating Party.

• Successors and Assigns: The terms of this Agreement are binding upon the signatories, their employees, agents, affiliates, transferees, successors, and designees under the standard ICC Force Majeure and NCND provisions.

• Governing Law and Arbitration: This Agreement is subject to the domestic laws of any country properly holding jurisdiction over the subject matter. The Parties shall endeavor to settle all disputes amicably. Any dispute arising out of or in connection with this Agreement that cannot be resolved through mutual consultation shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce (ICC, Paris, France) by one or more arbitrators appointed in accordance with said Rules. The seat of arbitration shall be London, United Kingdom, and the proceedings shall be conducted in English under the Governing Law of England and Wales. The arbitral award shall be final, binding, and the fees shall be borne by the losing Party.

• Amendments and Assignment: Neither Party may assign, transfer, or delegate its rights or duties under this Agreement without prior written consent from the counterparty. No modification, amendment, or supplement shall be legally binding unless executed in writing and signed by both the BENEFICIARY and the PRINCIPAL.

• Severability: If any provision of this Agreement is found to be prohibited, invalid, or unenforceable under applicable laws or regulations, such provision shall be deemed ineffective only to the extent of such invalidity, without affecting or neutralizing the remaining legal provisions of this Agreement.

• Tax Liabilities: Neither Party makes any representation regarding the tax implications of this transaction. The BENEFICIARY and the PRINCIPAL individually and independently accept full responsibility for any/all taxes, levies, duties, or imposts applicable to their respective performance under this Agreement.

• Commissions: The Parties are solely responsible for the specific commissions, fees, or intermediary payouts that they have individually agreed to settle in writing.

• Indemnification: Each Party agrees to indemnify, defend, and hold harmless the counterparty against any and all claims, damages, liabilities, or expenses arising from the execution or implementation of this Agreement, effective from the date of signing until three (3) years post-completion of the transaction.

• Private Transaction & Securities Exemption: The Parties explicitly agree that this is a private, non-solicited transaction entered into at their sole discretion. This transaction does not constitute a public offering or solicitation of funds, nor shall it be construed as a sale of securities under the U.S. Securities Act of 1933/1934, as amended, or any equivalent international securities laws. This private Agreement is completely exempt from registration with any government body or regulatory authority.

• Entire Agreement: This Agreement embodies the entire understanding between the Parties. There are no other verbal or written understandings, representations, or collateral warranties in effect. This document supersedes all prior correspondence, drafts, and historical agreements, which are hereby declared null, void, and without legal effect.

• Counterparts & Transmission: This Agreement may be executed in counterparts, which together shall constitute a single valid original document. Digital transmissions via email or facsimile shall be deemed legally valid and original for enforcement purposes.

• Electronic Document Transmission (EDT): EDT regulations shall apply and be deemed enforceable under:

  1. U.S. Public Law 106-229 (Electronic Signatures in Global and National Commerce Act) or equivalent laws conforming to the UNCITRAL Model Law on Electronic Signatures (2001).

  2. The Electronic Commerce Agreement (ECE/TRADE/257, Geneva, May 2000) adopted by UN/CEFACT.

  3. European Community Directive No. 95/46/EC (where applicable).

• Hard Copy Requests: Either Party may request physical hard copies of electronically transmitted documents; however, such a request shall not delay or suspend any operational obligations under this Agreement.

• Non-Solicitation Confirmation: The BENEFICIARY hereby acknowledges and confirms that neither the Collateral Provider, their associates, nor any broker acting on their behalf solicited the beneficiary in any manner. Both parties execute this document with full corporate authority.

Why “Applicant Pays Due Diligence / Deposit Charges” is Absolute Mandatory

(A Guide for Broker Partners and Network Facilitators)

For all clients wishing to lease or purchase Financial Instruments (Leased SBLC / BG), a strict and non-negotiable policy applies: The Applicant MUST pay a Deposit to the Independent Trustee upfront. No Deposit, No Leased SBLC/BG.

Below are the 4 Critical Reasons and operational realities explaining why this structure is vital for our mutual success:

1. Requirements of World’s Top 25 Issuing Banks

The World’s Top 25 Banks will NOT initiate or issue an SBLC / BG without an absolute assurance of payment. They require concrete proof that once the instrument is successfully delivered to the Client’s receiving bank, they will be promptly compensated for the costs incurred in creating and transmitting the SBLC/BG. The deposit serves as this vital financial assurance.

2. Elimination of High Failure Rates (Good Faith Payment)

Almost all major financial institutions now mandate a “Good Faith Payment” at the inception of any SBLC / BG transaction. Historically, banks have suffered significant losses from failed transactions caused by clients who lacked the financial capacity or intent to:

• Provide an initial good faith commitment, or

• Settle the legitimate transaction upon delivery.

Due to the overwhelmingly high failure rate caused by clients who invest zero capital into their own transactions, most global banks and financial instrument providers now strictly require these charges BEFORE any SBLC / BG is formally issued.

3. Operational Realities: We are Brokers and Investors, Not Banks

It is crucial for us to align on our operational reality: We operate as a brokerage house and private investment firm—we are not a public banking institution.

• Every transaction involves rigorous compliance, legal vetting, and administrative procedures that incur real, immediate operational costs.

• Unlike major institutional banks, we cannot afford to work for free, absorb unrecoverable risks, or invest our time and capital into uncommitted files.

4. Sifting the “Serious Buyers” from the Rest

We dedicate our valuable time, network, and resources exclusively to serious, capable clients—not those who merely talk without financial backing. Requiring an upfront Due Diligence or Deposit charge is the ultimate litmus test. It protects both our firm and your brokerage from wasting time on dead-end deals, ensuring we only focus on transactions that will actually close and monetize.

Summary for Broker Partners:

This upfront commitment is not a barrier; it is a global industry standard designed to protect all parties. By enforcing this, we ensure that the Issuing Bank, our firm, and your brokerage are working with verified, serious clients, guaranteeing a safe, professional, and profitable transaction for everyone involved.