Letter of Undertaking From Developer To Provider - Gpi MD Agencia Mega Comunicacao Integrada
Letter of Undertaking From Developer To Provider - Gpi MD Agencia Mega Comunicacao Integrada
Letter of Undertaking From Developer To Provider - Gpi MD Agencia Mega Comunicacao Integrada
Attn.:
Re: Letter of Undertaking to manually download wire transfers received at MADURO AND CURIEL
´S BANK, through the Global Payments Innovation (“GPI”).
Dear
I undersigned, NOME DO CLIENTE , bearing Passport n. NU7RD1LR5 – CURAÇAO - acting in my
capacity as CEO of/Account Signatory for NOME DA EMPRESA CONTA RECEIVER a legal entity
existing under the CURAÇAO Law with registered address at 17 CHUCHUBIWEG, WILLEMSTAD -
AGÊNCIA MEGA COMUNICACAO INTEGRADA EIRELI
CURACAO, confirm hereby, with full corporate and personal responsibility, under penalty of perjury, that I
and our bank officers in charge at MADURO AND CURIEL´S BANK, are perfectly knowledgeable in how
to deal with the Swift GPI facility and familiar with the attached manual downloading procedures.
In particular,
1. these officers shall undertake to follow meticulously the aforementioned procedures, while keeping
you and your advisors continuously updated about the status of the transaction and providing you
with proper documentary evidence of the conclusion of the download;
2. the bank officer that will be mainly involved in the download is a 14-level bank executive with
proper credentials to carry out a GPI wire transfer manual download;
AGÊNCIA MEGA COMUNICACAO INTEGRADA EIRELI
3. the afore mentioned bank officer fully understands that compensation is an integral part of the
downloading procedures, shall be carried out “internally”, i.e. with no involvement whatsoever of
the Sender’s bank of record, and that it has to be accomplished before leaving the GPI facility;
4. the wire transfer manual download shall be initiated within the first two banking days of receiving
the relevant wire transfer slip and will take no more than two additional banking days: in the first day
the peripheral check of TRN will be made and the funds shall be duly located within Global Swift
International:
5. compensation shall be completed before logging out from the GPI facility;
6. the second day’s procedure execution will carry on seamlessly until compensation is actually
accomplished, after inputting the funds amount onto the appropriate Receiver’s bank account field.
AGÊNCIA MEGA COMUNICACAO INTEGRADA EIRELI
The proceeds share allocated to you and to your advisors as per executed Investment Agreement shall be
settled within 5 (five) banking days of receipt of the wire transfer.
You will be fully entitled to cancel this transaction without notice in case we fail to meet your crucial update
requirements after four banking days of delivery of the relevant swift message.
For and on behalf of CARIBBEAN PETROLEUM REFINERY B.V.,
With this letter we confirm that are able, willing and ready to perform the draft contract already received and are de -
sirous of entering into this Agreement for the purpose of developing own investment projects contemplated for the
mutual benefit only and not for other purposes whatsoever.
The signatory of this letter, declares that it is legally empowered, fully authorized to execute and accept this agree -
ment, as well as agrees to be bound by its terms and conditions under the penalty and other consequences.
Specifically, we commit ourselves to share with our Bank Officer the follow instructions to operate the receiving
process:
AGÊNCIA MEGA COMUNICACAO INTEGRADA EIRELI
"GPI" stands for "Global Payments Innovation", the most efficient Swift platform to administer cross borders pay-
ments.
1. First of all, the Receiver’s Bank Officer in charge of the transaction must have the appropriate system credentials
(i.e. he must be a 18th + level bank officer), be able to access to the global server, input the relevant TRN (FIELD
F20) he got from the sender through the wire transfer delivery slip and find the wire transfer amount remitted to the re-
ceiver. The information needed for the download to take place are in the delivery slip. No other document will be pro -
vided, except, upon request, an MT 199 confirmation.
2. The TRN identifies a financial transaction consisting in a wire transfer. The BO must start by first accessing the
global server or sometimes the beneficiary bank common account, NOT the GPI Facility that is meant to be a pure
downloading device to be used only to input the funds amount manually in the right place under the hereinafter de -
scribed circumstances.
The BO should locate the funds and track the TRN in first.
AGÊNCIA MEGA COMUNICACAO INTEGRADA EIRELI
3. Once the wire transfer amount has been located successfully, the bank officer needs to enter into the GPI "Pending"
folder, and input the UETR again which was sent to the receiver, to his banking coordinates (i. e. the bank account
number/IBAN and the Swift Code/BIC of the branch from which the bank account is operated), and simply position
the funds manually onto the Receiver's bank account field. This TRN is connected to cash funds and will lose connec-
tion if these steps are not implemented consecutively and one by one.
4. The wire transfer amount must then be inputted manually onto the account field of the receiver's bank account be -
fore the bank officer quits the GPI facility and credited thereafter to the receiver himself.
5. The Receiver’s Bank Officer must be perfectly aware that his task is to carry out a GPI full manual or semi-auto -
matic transaction. That is why the actual Sender is a technician/operator that uses a dummy corporate vehicle to fill
out the delivery slip. No sending bank is actually involved either, though the technician/operator may upload the funds
by means of a bank server.
AGÊNCIA MEGA COMUNICACAO INTEGRADA EIRELI
This is the reason why the off-ledger funds monetization needs to be carried out internally (i.e. without involving the
sending bank mentioned in the delivery slip). The monetization process needs to be projected and set up before even
entering into the GPI facility and accomplished after by positioning the wire transfer amount onto the bank account
field and before leaving the GPI facility.
Note: BO cannot locate anything unless they access either the global server or the beneficiary bank common account.
6. At the request of the designated receiver's bank officer, a wire transfer confirmation MT199 to underpin the down-
loading procedure compliance-wise can eventually be issued after the wire transfer has been inputted manually onto
the account field of the receiver's bank account and before it has been credited to the receiver.
The Bank Officer should not quit the Swift GPI interface before crediting the cash amount to the RECEIVER's bank
account, otherwise the TRN may lose its connection with the associated funds then becoming utterly useless.
AGÊNCIA MEGA COMUNICACAO INTEGRADA EIRELI
We are conscious that, if for some reason the bank or the bank officer does not want to respect this method exactly by
reading step by step, it is better to forego the operation because surely both of us will lose time and money in useless
attempts.
We know that detailed instructions for Bank Officer and quick reference guide can be requested to the Sender’s inter -
mediary.
********************* END OF DOCUMENT ************************
HIMSELF.
5. A SCREEN APPEARS WITH ALL TRANSACTIONS
STRINGS AND VALUES ALREADY CONFIGURED
6. CONFIRM ALL STRINGS AND VALUES BY MARKING
THE RELEVANT CHECKBOX, OTHERWISE
7. CONFIRM ALL STRINGS AND VALUES BY CLICKING
"OK"
15 TO 20 MINUTES
AUTOMATIC
LOGO AFTER DOWNLOAD
COMPENSATION BEGINS. DON'T GET OUT OF THE MASK UNTIL IT IS
END.
10. DOWNLOAD COMPATE AND CREDIT FUND FOR
COMMON ACCOUNT AND THEN TO THE RECEIVER
COMMERCIAL ACCOUNT.