WELCOME TO
MG POWER GOLD DEAL
MEMBERS
OUR GOLD TRADE
How to become a member of MG POWER,
When you become a member of MG POWER, your chances of receiving financing increase greatly.
To become a member, please fill out the form below and attach your application via email.
Your first step to success will begin.
If you need a password, click Register.
You will need to send your entry form to the address provided.
↘
5.CIS or KYC (and passport) and bank confirmation letter (cc's to BCL-buyer's bank officer, attached bank confirmation letter lettr emailed to buyer and provider's secure email address (to be provided)) Bank confirmation letter (signed by two bank officers) account is in good standing and that the account has a minimum of 44 million euros clear unadvertised collateral euros.
6.The BCL will also state that the buyer's bank is prepared and able to issue MT-1０3 Brussels Swift Payments at the buyer's direction.
7.Once the buyer is approved, the seller initiates contact and purchases the SBLC (Standby Letter of Credit) instrument on behalf of the buyer using its own funds. After the purchase, the seller provides the buyer with a written contract detailing the acquired securities instrument, including details such as CUSIP and the seller's CIS (Customer Information Sheet).
8.Before signing the contract, the buyer is provided with the opportunity to review the seller's certificates and verify that the securities really exist, are owned by the seller, and that the seller is ready, willing and able (rwa) to transfer them.
9.This step, which involves non-bank verification, demonstrates the seller's commitment to the transaction and proves that the seller is genuine and already owns the goods he/she intends to sell.
.jpg)
↘
op1 Interbank TransactionsIf the buyer has funds at Barclays Bank London, HSBC London, or DBS Singapore, the transaction can be settled internally at these institutions. If the buyer's funds are at another top-tier bank, the provider could open an account at that bank for internal settlement (ledger-to-ledger settlement). This scenario is the safest and most secure option for both the buyer and seller, as the bank is responsible for the transaction abroad.
op2 After signing the overseas bank transaction agreement The buyer's bank issues an MT799 advance notice before processing the MT103 payment. At this stage, the bank representative and the bank representative can communicate with each other. The selected bank responds with an MT799 RWA, assuring that the bank will deliver the securities. This response will include specific details of the instrument, including the SBLC's CUSIP, as described in the signed agreement. The buyer will be contacted directly by a representative of the sending bank, who will contact the buyer.
MG POWER GROUP OF COMPANIES
GET IN TOUCH
Tel. +818092875373
mggroupjapan@gmail.com
© 1965-2025 MG POWER GROUP
Created on JAPANESE KENNY YAMASHITA
MENU
Home＆Bisness
Others Equipment
Company Profil
Members Registration
FOLLOW US
Facebook
Instagram
Linkedin
OPENING HOURS
Inquiry time Mon - Fri: 9am - 6pm
Safety Gold
Trading Methods
Example of procedure Case with transaction value of USD 150 million
Required Documents: CIS or KYC, passport and BCL from the bank
1. After agreeing to the terms and conditions, the buyer deposits 50% of the transaction amount with HSBC LONDON (set up by MG Power)
2. MG POWER arranges for HSBC London to issue 100% of the SBLC for about50% of the funds. (Of course, the bank guarantees the SBLC issued until then, subject to PG's delivery to HK, so there is no risk for the buyer.
3.Thus no risk for the buyer.) Seller side confirms the SBLC and delivers it to HK via BRINCS.
3-1. PG receives the full amount of funds from the bank.
4. Buyer rolls back to 1 again after funding with the received gold. ↘
.jpg)