Note: This procedure is not negotiable to receivers, only open to receivers who has the requirement and can work with their bank to transact such funds for the FX Offshore to China-US-Europe- Nigeria With Upfront Performance Bond/Indemnity available from a genuine seller

Prices

• Offshore to China: ₦645-5
• Offshore to US/Europe: ₦625-5
• Offshore to Inflow: ₦735-5

 – Seller shall issue upfront performance bond/indemnity before buyer issues BEC with cover letter

 – Minimum volume that attracts upfront performance bond: $10m

FX Offshore to China-US-Europe- Nigeria Full procedure

(1). Seller/Buyer sign DOA. Buyers account officer open communication with sellers account officer requesting for readiness to receive the BEC, while seller’s account officer acknowledges the receipt and seller issues indemnity of 0.5% DRAFT

(2). Buyer issues bank endorsed cheque with cover letter for

xxxxxxx  million Naira only. (₦00,000,000) Naira only in favor of Seller.  

(3). Seller transfer the xxx million dollars in tranches within seven days ($XXX,000,000.00) US  DOLLARS 

(4). Buyer confirm the transfer of the said ($XX,000,000) and pay Naira.

(5). Failure for seller to deliver between stipulated time indemnity of (0.5% charge will be paid to buyer.)

Only request for the DOA, only when buyer accepts the procedure and price