REF : CARDINAL – SPECIAL – ONLY ONE LOT – FIRST COMES BUYS

CARDINAL 200
Quantity: 5 Billion
Price: $15.40
Commission: $1.54 Buyer Mandate 0.51, Buyer Intermediaries 0.255

SOP:

NOTE: Can give LOA redacted up front if needed in trade for ATV from buyer.

1. NCNDA connecting buy side
2. ICPO LOI LOA KYC, DD, MTL
3. If funds are not in the name of the buyer, require Letter of Authorization from money provider for benefit of buyer, authorizing use of funds.
4. Initial a2a – Proof of Funds, Seller LOA
5. Buyer attorney to receive BCL and ATV to verify funds with buyer banker (seller attorney initiates the call to the banker)
6. Seller completes DD on buyer Documents
7. A2A to provide buyer POP/SGS
8. SPA / Escrow, IMFPA
9. Fund escrow
10. Inspect product, if requested
11. Take possession / payment
12. Take over warehouse lease

(Ref: EK)