Advantages and benefits

• Ensure payment on schedule as agreed beforehand
• No waste of time for tallying, identifying banknotes/ gold counterfeit
• Simple and accurate procedure

Service fee:

• 0.1% of the trust payment value (the 2 parties shall agree on this fee)

Procedure:

a)    Required documents:

• Identification paper (certified copy)
• The original of the real estate ownership
• The certification of the real estate condition; the real estate tax submission receipt

b)    Procedure to sign the contract:

• The two parties sign the contract of trust payment for the real estate assignment proceeds through the bank.
• The buyer deposits funds/gold in full or in part (as agreed) into payment security account of Eximbank Real Estate Evaluation Department.

c)    Payment procedure: Eximbank shall pay in full or in part as agreed by the two parties in the contract.

• The seller: brings along with identification card to the bank to receive money/gold. In case of the receipt on behalf of the seller, there must be authorization letter from the seller. Copies of documents evidencing assignment process, payment request with the buyer’s confirmation are also requested.

• The buyer: brings along with identification card, or authorization letter in case of being authorized to handle the transaction, and sign for verification.

d)    Contract liquidation:

• The seller receive money/gold in the last installment
• The buyer delivers payment request with the seller’s confirmation to receive remanding amount on the payment security account (if any)
• The two parties and Eximbank sign the Minutes of contract liquidation.

--> Form of the Contract of Trust Payment For Real Estate Assignment Proceeds Through The Bank