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PROCEDURES USDxEURO Ledger to Ledger
1 USD Provider and EURO Provider, directly or through their authorized mandated representative
would accept, sign, seal and return this private currencies exchange agreement, along with MFPA
which is an integral part of this PCTA, by fax or e-mail (hard copies to be sent by courier service if
required).
2 The EURO Provider provides the Application Form to be signed by the USD Provider for the
opening of the multi-currencies account for the purpose of this transaction. The USD Provider shall
provide to the EURO Provider the necessary documents for the account opening.
3 The transaction will start as per the agreed schedule immediately following the activation of the
specialised bank account.
4 The USD Provider shall transfer daily the face value of each scheduled Tranche less the
Discount to his specialised bank account. The EURO Provider executes the exchange immediately
when the funds are received on the Customer's specialised account. The settlement is insured by
the EURO Provider's bank. The balance of the face value meaning EURO Provider's Bonus and
intermediaries' Commission, the Discount, will be transferred the very next day as per Addendum
4. This way, fees are paid after performance of the EURO Provider.
ADDENDUM 4
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT
EURO Provider and USD Provider hereby confirm with full corporate and legal responsibility, under
penalty of perjury of law, issue this Irrevocable Fee Protection Agreement (Irrevocable
Disbursement Instrument / Payment Order) to the herein Intermediaries for consultant services
rendered in connection with this currencies exchange transaction USD/EURO.
Said payment to payee shall be paid in full, free of any deduction include bank fee apart from
income taxes. The signature of beneficiary or payee of this pay order is not required to make this
pay order valid or enforceable. This pay order is valid even if any of the codes are changed by the
bank, the parties and any point during the transactions. The beneficiary or payee of this pay order
may assign the above monies received, in the part or in whole as may be their choice.
All intermediary groups shall have a lien on the currencies that are the subject of this transaction in
the event that the USD Provider does not make all payments due hereunder.
PAYMENT ORDER VALUE:
Fifteen percent (15.00%) of the total face amount of the transaction, per each tranche of the above
reference transaction, payable to the EURO Provider and the Intermediaries herein. Such payment
shall be made via SWIFT wire, without protest, delay or deductions, and free of any bank charges,
local and national taxes and liens to the extent legally permissible.
The USD Provider irrevocably agrees and undertakes to pay to the Fifteen percent (15.00%) to the
EURO Provider and the Intermediaries as follows:
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