Cranberry 500M lots $23

SOP

1. KYC submitted for initial Seller Due Diligence, and SRN Code will be provided for document submissions; plus an acknowledgement of this SOP sent by DocuSign.
2. LOI, LOA_RWA, ICPO, Buyer DD form, submitted by Buyer to: Seller Name
3. AML submitted by End Buyer/ Funding Account Holder. IMFPA draft created.
4. Procurement Authorization Letter with Procurement Company submitted if a Proxy Buyer.
5. Transactional NCNDA shall be executed between Seller and Buyer.
6. Procedure confirmation letter shall be agreed upon and signed off by Buyer and Seller.
7. Transactional Attorney sends email to Buyer’s attorney, confirming the Seller’s RWA to complete transaction, with SGS in possession, and requests for an ATV, along with a current Bank Statement, and a Bank Capability Letter (BCL), to be submitted (with the SRN Code) on Bank Letterhead. (Templates will be provided).
8. Buyer submits ATV (with current Bank Statement), and a BCL to Seller Transactional Attorney.
9. Seller-assigned C-Level banker conducts ATV call with Buyer’s Banker and verifies ATV & BCL to complete the FUNDS verification process.
10. Upon successful ATV & BCL verification, The Seller Attorney instructs AIC or Seller to provide SGS confirmation letter to Buyers Attorney. Immediate Soft PoP for Buyer, with Verifiable Redacted SGS provided. (LOT Code_ERP ). Redacted SGS is sent within 30 minutes of POF verification
11. Seller´s Attorney provides Buyer’s Attorney with SPA and Escrow agreement drafts
12. Escrow Agreement & Sales Purchase Agreement entered with a mutual 2% Performance Bond, and IMFPA finalized.
13. Escrow Fully FUNDED I MT103
14. FULL Inspection I Full SGS Report immediately; Physical Inspection with BOL_POL
15. TITLE • Possession I Transaction Completes with Release of Escrow

Commissions: 

45% open and there is no mandate box
Seller Requires that the Groups share equally

Carl