bank draft - Issuing Bank Credit Suisse/ NBD/NBAD/RAKBANK

Transaction Procedures
RECEIVER EXECUTE, SIGN AND INITIAL THIS DEED OF
    AGREEMENT (MOU).

WITHIN 2 (TWO) BANKING DAYS AFTER SIGNING OF CONTRACT,
     THE PROVIDER BANK SENDS SOFT COPY OF THE BANK DRAFT
     AND CONFIRMATION LETTER TO RECEIVER BANK. BANK OFFICER’S
     MAIL TO BANK OFFICER’S MAIL.

WITHIN 2 (TWO) BANKING DAYS AFTER VERIFICATION OF SOFT
     COPY, RECEIVER BANK WILL ISSUE AN UNDERTAKING PAYMENT MT799
     IN FAVOUR OF THE PROVIDER.

UPON RECEIPT OF THE UNDERTAKING PAYMENT, PROVIDER
    SHALL CONFIRM IT BY MT110 SWIFT TO RECEIVER BANK

AFTER CONFIRMATION OF MT110, WITHIN 2 BANKING DAYS
     RECEIVER INSTRUCTS HIS BANK TO RELEASE THE TOTAL PAYMENT
     OF  38% (THIRTY-EIGHT) OF THE TOTAL VALUE
     OF THE BANK DRAFT) MUST BE ADVANSED TO PROVIDER
     THEIR PROVIDED/NOMINATED BANK ACCOUNT VIA SWIFT
     WIRE TRANSFER MT103 SAME DAY VALUE, DAY OF RECEIPT.

THE HARD COPY WILL BE SENT OVER TO THE CLIENT,
     IMMEDIATELY AFTER CONFIRMATION OF THE FULL PAYMENT
     OF 38% (THIRTY-EIGHT).