Fresh Cut Bank Guarantees @ 60%

Description

Instrument Type:  Bank Guarantee (BG)
Issuing Bank:       Barclay Bank or Top *0 WE Banks
Age:                    Fresh Cut
Term:                  ONE (1) YEAR AND ONE (1) DAY
Interest Rate:       ZERO PERCENT (0%) COUPON
Price:                  SIXTY PERCENT (*0%) Percent of Instrument Face   Value
Currency:            European Community Currency (EURO)
First tranche:     One Hundred Million Euros (€**0,**0,**0.*0) up to Five
                         Hundred Million Euros (€**0,**0,**0.*0)
Contract Amount:               ____________Euros (€X,XXX,**0,**0.*0) with
                                         rolls and extension     
Commission fees:               TWO PERCENT (2%) Percent of Face Value: 1%
                                         to Seller’s IntroductoryParty and 1% to
                                         Buyer's Introductory Party
Transaction mode:             MT***9 (PROOF OF FUNDS) /MT **0
Payment:                          Bank to Bank bySWIFTMT**3
Delivery:                            SWIFT MT***0 only followed by Hardcopy to be
                                        delivered via Bank courier within seven (7)
                                        banking days.