Please find here the brief proposition for trading the SKRs.
1. Submit documents viz.,
a) SKR color scanned copy.
b) Valuation Report.
c) MT799 Pre Advise on the Bank Letter head.
d) Fresh Compliance Set.
e) Passport Color Scanned Copy.
f) PAN Card.
g) All other pertaining documents to make the verification process simpler.
h) Affidavit on 100 Rs Stamp Paper for the authenticity of the instrument with a mention of 2% penalty if found fabricated or fake.
i) Bank Challan for SKR raising charges.
2. Verification process would be completed within the span of 2 weeks and once oral consent is given for acceptance from the trader, NCND and FPA is signed among all the facilitators with the Beneficiary.
3. FCO is released.
4. Acceptance Letter is released within 24 hours of receiving the FCO.
5. Contract and the payment date is stipulated and it would be within the maximum of 7 banking days after receiving the Acceptance Letter.
6. Contract is signed and usually a token of 5-10% of the profits offered is released before the Beneficiary issues MT799 to the trader or even might be full profits are credited into the Beneficiary's A/C before the issuance of MT799.
7. Whole process would be completed within 4 WEEKS maximum from the date of submission of all the current dated compliance documents along with pertaining documents also. Also kindly ensure the client is RWA before approaching us and should be prepared to come to the table for the meeting n contract signing at the designated place.
Present Offer for the SKR :
Gross 50% of the Face Value of SKR is returns for blocking for 31 banking days. The Beneficiary willing can continue with 'N' number of trades as he wishes by renewing the block every 31 Banking days. Please be noted that depending on the market conditions and the Strengths of the SKR, the Offer might proportionally vary.
Kindly ensure that proper DD is done on the client and the SKR before submitting to us.
Look forward for the optimistic response. Good luck in your endeavors.
