1) Bluhe Shire Trust signs all of the contracts and agreements with the issuer as the primary/principal Client.

2) Bluhe Shire Trust then Nominates their designated Monetizer as the Beneficiary of the Instrument and instructs the issuer to deliver the SBLC to the Monetizer’s designated receiving Bank

3) Monetizer’s accepts the Nomination as Beneficiary and provides Bluhe Shire with the Banking information of the receiving Bank in order to facilitate the exchange of the MT799 Bank commitments and allow the delivery of the SBLC via MT760

4) First transaction only: Monetizer arranges for his receiving Bank to issue a supporting letter addressed to their Client – the MONETIZER (not Bluhe Shire Trust), confirming that they are aware of the transaction and are prepared to move forward under the terms of the transaction and exchange the required MT799 Bank commitments SUBJECT TO Bank to Bank engagement as the very next step and conducting satisfactory due diligence to ensure KYC / AML compliance.

5) A Copy of that Bank Letter is provided to Bluhe Shire Trust, who then validate the said Bank letter through their own bank responsible channels and once the Bank Letter is verified the Issuers Banker engages directly with the designated receiving Bank PRIOR to any SWIFT activity to avoid any potential Fraud or any possible bank embarrassment on either side.

6) Both Bankers engage re-qualify the deal, conduct the KYC in order to meet the regulatory AML compliance prior to any SWIFT transmission

7) Both Bankers negotiate their respective commitments and then co-ordinate and execute the electronic exchange of the MT799 SWIFT commitments as arranged between themselves under the terms of the transaction.

8) Once the issuing Bank receives and confirms the required MT799 from the receiving Bank, the SBLC is delivered via MT760 to the counters of the Monetizer’s designated receiving Bank.

9) The Initial Payment equal to the 17% of face value is remitted within the allotted time AFTER delivery of the Instrument via MT760 at the counters of the receiving Bank as mutually agreed under the terms of the referenced transaction.

10) On Day 350,( Fifty weeks after delivery) the Monetizer’s must choose from the following options and arrange with their Bank;

• i.    To complete the PURCHASE of the Instrument and remit the full face value of the Instrument as per the Contractual Commercial Invoice.
• ii.    In the event that the Purchase is not completed on the agreed date, then the said Instrument must be returned free clear & unencumbered to the issuing Bank.
• iii.    To RENEW the transaction for another year and arrange the required payment to be remitted by their bank on their behalf for the upcoming year.