PROCEDURES FOR PURCHASING FRESH CUT BANK SECURITIES:
1. Buyer submits Letter of Intent (LOI) with full banking co-ordinates, Client’s information Sheet, Board
Resolution nominating the signatory, Passport copy of the signatory, FPA and Specimen text of the bank
instrument if requested.
2. Within Three (3) International banking days, Seller will approve the client and will send a signed
sell/purchase agreement with Seller’s full banking co-ordinates.
3. The Seller will send along with the agreement a Pro-Forma Invoice for the Clearing Settlement Banking
Expenses of the Stock Agent (Dealer) to cover his expenses in organization of the transaction with the Issuing
bank(s) (UBS, ABN AMRO, HSBC PLC, BNP PARIBAS or other top 50 ranking bank) and for posting the
bank security on Euroclear – Clearstream. The expenses will be calculated in an amount of 0,0125% of the
face value of the instrument requested tranche, with a minimum of Eur 15,000 for a min tranche of 100M
(this amount is representing the tariff of Euroclear to list the instruments in their database and is refundable at
the end of the transaction).
4. Upon receipt of the said mentioned payment, and within Five (5) to Ten (10) International Banking Days, the
Seller shall cause the issuance by the Issuing Bank, of the underlying Bank Instrument (the master bond which
is the Origin Funds) of the BG, and will send a “Certified Corporate Invoice” to Buyer and Copy to Buyer’s
Bank by certified banking Email, together with Printout of EUROCLEAR and CLEARSTREAM, containing
but not limited to CUSIP/ISIN Numbers, Issuing Banks, Date of Issuance and Maturity, Denomination,
Custodial Safekeeping Numbers, EUROCLEAR Screen ‘A’, and Full Bonding Power information. At this
stage the Bank Instrument is still owned by the Issuing bank and will be held by the Depositary Bank of the
Issuing bank.
5. After verification and authentication of the Bank Instrument described in the Certified Corporate Invoice,
Buyer will accept the security and within eight (8) international banking hours from the receipt of the Invoice,
Buyer’s Bank shall send the Payment Undertaking (ICBPO) to Seller’s Bank by Conditional SWIFT Wire
Transfer MT 103.-
6. Immediately after validating the Payment Undertaking, the BG will be transferred to the Buyer’s bank by
Swift MT760 or by Screen Clearing Company (Euroclear or Clearstream) through regular access code, from
the Depositary Bank to the Buyer’s bank.
7. The Hard copies will be delivered by bank bonded courier to Buyer’s Bank within seven (7) banking days
after the payment being received by Seller’s Bank.
Minimum Contract Amount: Euro-500,000,000.00
Minimum First Tranche: Euro-100,000,000.00
Prices:
ABN Amro Bank – 55+1,
HSBC, UBS, BNPP – 62+1,
Deutsche Bank AG – 63+1

NO TRADE DESK-TO-TRADE DESK—-NO BANK OFFICER-TO-BANK OFFICER—-
–NO SCREEN, BLOCK, PAY–
PROCEDURES FOR PURCHASE SEASONED BANK SECURITIES
1. BUYER SUBMITS LETTER OF INTENT (LOI), PASSPORT COPY OF SIGNATORY, CLIENT INFORMATION
SHEET, FPA AND BOARD RESOLUTION EMPOWERING THE SIGNATORY TO EXECUTE THE
TRANSACTION.
2. SELLER WILL APPROVE THE BUYER AND WILL ISSUE A DULY SIGNED AGREEMENT, WHICH BUYER
WILL COUNTERSIGN AND WILL SEND BACK TO SELLER. TOGETHER WITH THE AGREEMENT, THE
BUYER WILL RECEIVE FROM THE SELLER A DETAILED PRO-FORMA INVOICE FOR THE «CALL
OPTION» PAYMENT OF THE STOCK EXCHANGE OPERATOR, WHERE THE SECURITY IS TRADED.
3. BUYER WILL COVER THE «CALL OPTION» PAYMENT IN AN AMOUNT OF 0,010% OF THE FACE
VALUE OF THE ACTUAL TRANCHE/AGREEMENT (MINIMUM OF NO EURO-19,000.- FOR ANY FIRST
TRANCHE AMOUNT LESS THAN 200M), AS PER THE PRO-FORMA INVOICE. UPON PHYSICALLY
RECEIPT OF THE «CALL OPTION» PAYMENT, THE SELLER WILL RESERVE THE BANK INSTRUMENT IN
FAVOR OF THE TRANSACTION. (THE CALL OPTION AMOUNT WILL BE REFUNDABLE AT THE END OF
THE TRANSACTION)
4. FOLLOWING THE RESERVATION OF THE BANK INSTRUMENT AND WITHIN 10 BANKING DAYS, THE
SELLER WILL SEND TO THE BUYER A CERTIFIED CORPORATE INVOICE, INCLUDING DEED OF
ASSIGNMENT AND BOND POWER, TOGETHER WITH TRADE TICKET AND ALL SCREENING
INFORMATION, WHICH WILL ENABLE THE BUYER’S BANKER, TO VERIFY AND AUTHENTICATION THE
BANK INSTRUMENT. THE CORPORATE INVOICE WILL BE SENT, IF REQUESTED, THROUGH
CERTIFIED EMAIL, ON A BANK TO BANK BASIS.
5. AFTER AUTHENTICATION OF THE BANK INSTRUMENT AS PER THE CORPORATE INVOICE DETAILS
THE BUYER’S BANK WILL SEND A PAYMENT UNDERTAKING OF THE PRICE IN THE FORM OF
CONDITIONAL SWIFT MT-103 (ICBPO) OR BY SWIFT MT-199.
6. TRANSFER OF THE BANK INSTRUMENT WILL BE PROVIDED IMMEDIATELY AFTER, BY SWIFT MT-760
OR THROUGH CLEARING COMPANY (EUROCLEAR OR CLEARSTREAM) WITH REGULAR CODES.
7. FOLLOWING THE ABOVE THE BUYER’S BANK WILL MAKE PAYMENT BY SWIFT MT-103 WIRE
TRANSFER PROTOCOL.
8. HARD COPY OF THE BANK INSTRUMENT (IF MT-760 REQUIRED) WILL BE DELIVERED WITHIN 5-7
BANKING DAYS AFTER THE CLEARANCE OF BUYER’S PAYMENT BY SELLER’S BANK.
9. ALL COMMISSION/FEE WILL BE PAID SIMULTANEOUSLY BY THE BUYER.
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—-NO TRADE DESK-TO-TRADE DESK—-NO BANK OFFICER-TO-BANK OFFICER—-
–NO SCREEN, BLOCK, PAY–
CALL OPTION
IN FINANCE, OPTIONS ARE TYPES OF CONTRACTS, INCLUDING AND, WHERE THE FUTURE
PAYOFFS TO THE BUYER AND SELLER OF THE CONTRACT ARE DETERMINED BY THE PRICE OF
ANOTHER SECURITY, SUCH AS A COMMON STOCK…. MORE SPECIFICALLY, A CALL OPTION IS AN
AGREEMENT IN WHICH THE BUYER (HOLDER) HAS THE RIGHT (BUT NOT THE OBLIGATION) TO, BY
BUYING AN ASSET AT A SET PRICE, ON (FOR A EUROPEAN STYLE OPTION) OR NOT LATER THAN
(FOR AN AMERICAN STYLE OPTION) A FUTURE DATE (THE EXERCISE DATE OR EXPIRATION); AND
THE SELLER (WRITER) HAS THE OBLIGATION TO HONOR THE TERMS OF THE CONTRACT.
A PUT OPTION IS AN AGREEMENT IN WHICH THE BUYER HAS THE RIGHT (BUT NOT THE
OBLIGATION) TO EXERCISE BY SELLING AN ASSET AT THE STRIKE PRICE ON OR BEFORE A
FUTURE DATE; AND THE SELLER HAS THE OBLIGATION TO HONOR THE TERMS OF THE
CONTRACT.
SINCE THE OPTION GIVES THE BUYER A RIGHT AND THE WRITER AN OBLIGATION, THE BUYER
PAYS THE OPTION PREMIUM TO THE WRITER. THE BUYER IS CONSIDERED TO HAVE A POSITION,
AND THE SELLER HAS A POSITION. FOR EVERY OPEN CONTRACT THERE IS A BUYER AND A
SELLER.
TRADERS IN EXCHANGE-TRADED OPTIONS DO NOT USUALLY INTERACT DIRECTLY, BUT
THROUGH A SUCH WRITER AS, IN THE U.S. OR IN GERMANY AND LUXEMBOURG.
THE CLEARING HOUSE GUARANTEES THAT AN ASSIGNED WRITER WILL FULFILL HIS
OBLIGATION IF THE OPTION IS EXERCISED.
OPTIONS/DERIVATIVES ARE NOT RATED AND/OR ARE BELOW INVESTMENT GRADE; HOWEVER
THE OCC’S CLEARING PROCESS IS CONSIDERED AAA RATED.)