Approved+method+of+Monetary+Transactions

** Approved method of Monetary Transactions **
 * The following are the U.S. Federal Authorities **

No. 1 A ( Reuters ) or Swift confirmation from the Sellers Bank to the Buyer's Bank confirming the availability of the currency for the first Tranche;

No. 2 A Reuters or Swift confirmation from the Buyer's Bank replying with the availability of the U.S.$ for the first Tranche;

No. 3 Transfer from the Seller's Bank to the Buyer's Bank of the amount for the first Tranche, via Swift Wire Transfer MT100 ( Conditional );

No. 4 Upon receipt of the currency, the Buyer's Bank will reply with an Unconditional Transfer of the U.S.$ via SWIFT wire Transfer MT100;

No. 5 Upon receipt and verification of the U.S.$, the Seller's Bank will release the condition on the currency Transfer, and the first Tranche is completed;

No. 6 Subsequent tranches to follow procedures No. 3 to No. 5 until funds are exhausted.