Exeter Group of Companies LLC

Through the Leased Telegraphic Key Naote Wire Tranfer MT103 One-way (KTT-TELEX) we offer an additional financial instrument. We also use the Telex Network to deliver from bank to bank.

Leased Key Tested Telex / Telegraphic Key Note Wire Transfer (KTT-TELEX) MT-103 One-Way

SERVICE AND INSTRUMENT DESCRIPTION

Leased Key Tested Telex / Telegraphic Key Note Wire Transfer (KTT-TELEX) MT-103 One-Way

The Leased Telegraphic Key Note Wire Transfer MT103 One-Way is an advanced financial instrument delivered through the secure Telex Network for seamless bank-to-bank transactions.


Comprehensive Client Deposit Protection

We ensure the safety of client deposits through three robust layers of protection:

  1. Two Percent (2%) Non-Performance Penalty:
    A 2% penalty applies to any party failing to fulfill contractual obligations. This fee is charged if:

    • The provider sends a corporate invoice that the beneficiary’s bank fails to respond to or pay.
    • The beneficiary’s bank is ready, willing, and able to receive the BANK INSTRUMENTS, but no BANK INSTRUMENTS are delivered by the provider’s bank via SWIFT MT-760, DTC, Euroclear, or Bloomberg.
  2. Refund Deposit Program:
    All agreements are bank-endorsed and come with full bank responsibility as an insurance wrap.

    • Once a transaction is completed, the endorsing bank takes responsibility for payment before the provider receives any fees from the client.
    • Exeter Group is among the few Bank Instrument Facilitators globally to offer 100% deposit guarantees through bank endorsement.
  3. Attorney’s Client Trust Account:
    Upon compliance department approval and bank endorsement, all payments are directed EXCLUSIVELY to an attorney’s office client trust account.

    • Payment details are provided directly by an Exeter Group compliance officer (CCO) and included in the invoice.
    • This structure ensures deposit safety through our Refund Deposit Program.

Key Advantages of Leasing KTT with Exeter Group

  1. Issuance of Telegraphic Key Note Wire Transfer MT103 One-Way from an offshore bank.
  2. Availability in Euros or USD, with payment in the currency of issuance.
  3. Low lease rate of only 5+2 percent (7% total).
  4. Payment completion allowed within five days of delivery.
  5. Pre-advice via KTT MT799 included with KTT delivery.
  6. Full deposit protection provided.
  7. No corporate or personal credit checks required.
  8. No additional project documentation necessary.
  9. Completion of agreements and signatures guaranteed within 72 hours.
  10. Direct and hassle-free KTT MT103 delivery to your bank.
  11. Brokers eligible for up to 1.5% commission.
  12. Tailored Key Note Wire Transfer MT103 for every client.
  13. Inclusion of a 2% non-performance clause in all contracts.
  14. Guaranteed client payment with fully protected deposits.

Deposit Requirements for Lease KTT MT103 One-Way:

If you Do NOT have Initial Deposit Funds and want a FREE Bank Instrument.

Closing Process – KTT-Telex

  1. After the client’s deposit is received, the provider has three business days to create the Telegraphic Key Note Wire Transfer MT103 One-Way.
    The provider’s bank then has ten business days to send the pre-advice via KTT MT799 to the beneficiary’s bank.
    Once the reply is received through the irrevocable bank payment undertaking by KTT, the provider will send the KTT MT103 to the beneficiary’s account. A copy will also be sent via email.
    The beneficiary’s bank will verify and settle payment for the KTT within five days, including all fees via Swift MT103, such as consultancy and commissions.

    Important:
    In our contracts, the purchaser must return the KTT to the issuing bank within 15 days of the contract’s one-year anniversary.


    Required Documents:
    Complete the Bank Instrument Application below.
    When the Leased KTT Application is finished, email it to: [email protected].


    Compliance Standard:

    Accepted Standard:
    Clients must adhere to all standards and accurately complete the application.

    Rejected Standard:

    • Submissions involving forbidden instruments or assets.
    • Failure to pay the deposit.

    Important Information:

    With our KTT M103 One-Way delivery services, all terms are non-negotiable. Prices and procedures for this service cannot be altered.

    • No RWA or BCL Letters: We do not issue RWA (Ready, Willing, and Able) or BCL (Bank Comfort Letter) documents. These letters are often misused by clients to negotiate a credit line with the receiving institution, claiming that a bank instrument is ready for issuance. This practice is not permitted under Exeter Group’s name.
    • Payment Policy: Free KTT M103 One-Way services are not offered. Clients must fully pay or secure payment under a Bank Payment Undertaking before delivery. Banks will not issue a KTT M103 One-Way until funds are secured, as they do not operate on unpaid agreements.
    • BCL Requirement: A Bank Comfort Letter (BCL) must be provided in accordance with the sample agreement. Applications without this document will be denied.
    • Payment Restrictions: Exeter Group does not receive any payments from clients outside of the attorney’s client trust account. We are not responsible for any payments made to third parties, including brokers or delegation offices.

Read the KTT MT103 One-Way Leased Application & Agreement Below

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