Publi
tengo una duda que ha surgido sobre el tema de las commodities.


Recién hablando con un amigo de España me ha dicho que el antes trabajaba con commodities y que era un trabajo muy difícil y para entrar en ese medio se necesitaba de muchos contactos, el me decía que trabajaba en el comercio internacional con commodities y currency y como me vio interesado en el tema aun que no tenia mucho tiempo me paso un documento de contrato de operaciones de dolar a euro en Ingles, la verdad no solo por estar en ingles pero no eh conseguido entender nada, el me dijo que con eso comprenderia de que va esto de el currency pues le comentaba que yo estoy estudiando forex especialmente operaciones con pares de divisas y en el medio también están las operaciones con commodities ambos nos quedamos con la idea de que esto de las commodities es completamente diferente lo que el hacia que las operaciones con commodities en forex, y es en parte la duda que me gustaría aclarar, si alguien de aquí sabe de que va esto.


Cambien me mistada saber sobre el documento que me envió a continuación colocare una parte de el espero sea suficiente para que alguien pudiera explicarme, no lo pongo todo pues es demasiado largo pero lo adjuntare en un lid, por si alguien quiere leerlo completo: Currency



PRIVATE FOREIGN CURRENCY EXCHANGE AGREEMENT
Euro (€ EUR) FOR US DOLLARS ($ USD)
Bank to Bank SWIFT MT103


This private foreign exchange transaction agreement and the three (3) attached Annexes are entered on this 24rd day of April 2012 by and between:

USD PRINCIPAL:
REPRESENTED BY
ADDRESS
Passport No
(Hereinafter referred to as USD Principal or USD-P)

AND
EURO Principal:
ADDRESS
Represented by
Passport No
(Hereinafter referred to as Euro Principal or EUR-P)

WHEREAS, in consideration of the promises and the mutual covenants, warranties, terms and conditions herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned parties agree and state that they wish to enter into this agreement for the exchange of United States Dollars (USD) for Euros (EUR) under the following terms and conditions:
This currency exchange transaction is a bank to bank transaction, to be executed via SWIFT transmittal transfer upon banks agreement, according to the following terms, conditions and agreed Bank to Bank procedure.

EURO PRINCIPAL’S CURRENCY: Euro
USD PRINCIPAL’S CURRENCY: us dollars

1.1 DESCRIPTION OF THE United States Dollars (USD) CURRENCY:


Currency United States Dollars; LEGAL TENDER OF USA
Origin of Currency NON-CRIMINAL ORIGIN.
Year of Currency Issue Current Valid Currency; IN CIRCULATION, Free from any liens or Encumbrances, Freely Tradable in any country
contract QUANTITY
FIRST TRANCHE USD 49.5 MILLION USD
SUBSEQUENT TRANCHES PER TRANCHE AS AGREED

1.2 DESCRIPTION OF THE EURO (EUR) currency:


Currency Euros, legal tender of e.u.
Origin of Currency NON-CRIMINAL ORIGIN.
Year of Currency Issue Current Valid Currency; IN CIRCULATION, Free from Any liens or Encumbrances, Freely Tradable in any country
contract QUANTITY
FIRST TRANCHE Equivalent amount of USD 49.50 MILLION USD
SUBSEQUENT TRANCHES PER TRANCHE AS AGREED

2. TRANSACTION CONDITIONS:


Transaction mode Bank to bank (swift MT103)
rate of exchange LONDON MORNING FIXING INTER-BANK EXCHANGE RATE
BONUS GROSS 15% USD; net 10% to the euro Principal
consultancy fees TOTAL OF 5% ALLOWED TO BE SPLIT ON 50/50 BASIS
uSD PRINCIPAL sIDE 2.5% To USD-P’s Side, TO BE PAID BY EURO PRINCIPAL
eURO Principal sIDE 2.5% TO eURO-P’S Side, TO BE PAID BY EURO PRINCIPAL
fee Transaction Mode FROM EURO-P’S BANK UNCONDITIONALLY TO PAYMASTERS

After EURP provides POF, USD MOVES FIRST WITH SWIFT MT103

Per each $100 USD the Euro Principal shall pay the equivalent value in EUROS of $85 USD on the day of each tranche.

3. TRANSACTION PROCEDURES:

1) Parties, directly or through their authorised mandated representative, would accept, sign, seal and return this Currency Exchange Agreement along with the FPA by fax or e-mail in PDF format (hard copies to be sent by courier service if required).

2) This agreement along with the FPA is to be lodged with each PARTY’S BANK.

3) The EUR-P’S Bank will send within 24 hours of execution of this contract, BCL(bank conform letter)of to the USDP'S Bank.) sent by swift to USD Provider’s Bank.

4) Upon receipt of the EURO Provider bank's SWIFT, the USD Provider's bank will immediately issue the Conditional Swift MT103 transfer of USD to the EUR Providers bank.

5) Immediately after confirming receipt and authentication of the conditional MT103 SWIFT, the EURO Provider's bank will send to the USD Provider's Bank, by Unconditional SWIFT MT103, EURO in the amount corresponding to the agreed current tranche, and the USD received by the USD conditional SWIFT will be released automatically. Fees/commissions will be paid immediately.

6) Further tranches are to be continued as per the above procedure until the amount of agreement is completed.

7) BANKING COORDINATES OF EURO PRINCIPAL AND USD PRINCIPAL AS PER ANNEX “A?
The Parties must follow the guidelines provided by the rules of the banks on the Anti-Terrorism Act and the Patriot Act I and II. The Buyer will not be held responsible for any harmful money laundering.

8) BANKING COORDINATES AND INSTRUCTIONS FOR USD-P AND EUR-P:
The respective bank account details are listed in ANNEX “A? attached and cannot be changed for the life of this agreement without written notice given to all beneficiaries of consulting fees and commissions five days prior to any change.

9) CONSULTANCY FEES:
The PAYOR OF THE CONSULTING FEES AND COMMISSIONS AS WELL AS THE EURO PRINCIPAL AND USD PRINCIPAL AS PRINCIPALS, irrevocably commit themselves to transfer, upon settlement of each tranche exchanged, including all rolls and extensions, the consultancy fees as follows:

10) CONSULTANCY FEES TO EURO-PRINCIPAL’S SIDE:
To be paid by the EURO Principal to the bank accounts designated by the PAYMASTERS in ANNEX “C? ATTACHED.

11) CONSULTANCY FEES TO USD-PRINCIPAL’S SIDE:
To be paid by the EURO Principal to the bank accounts designated by the PAYMASTER in ANNEX “C? ATTACHED.

12) CONSULTANCY FEES BANKING INSTRUCTIONS AND INFORMATION:
The EURO PRINCIPAL shall release and otherwise transfer funds in the form of USD for payment of The PAY.

13) ORDERS–Fee Agreement- attached herewith to the EUR and USD FACILITATORS & BENEFICIARIES, to the nominated bank accounts indicated in the Pay Orders, by SWIFT WIRE TRANSFER. All payments to facilitators wire transfers shall state the following instruction: “FOR IMMEDIATE CREDIT -instant cash payment same day value?

4. OTHER TERMS AND CONDITIONS:

1) EXCHANGE RATE: The exchange rate is agreed as the official inter-bank exchange rate fixed in the morning as of the date of exchange. The day when the EUROS funds are deposited in the USD Account for the transaction is considered as Exchange date.

2) TERM OF AGREEMENT: This contractual Agreement is a full recourse commercial commitment enforceable under the laws of the jurisdiction of USA, UK, Switzerland or any European Union country as it applies. And said law shall govern the interpretation, enforceability, performance, execution, validity and any other such matters regarding this Contract.

And, it is in full force and effect until completion of the transaction and it is legally binding upon the Parties signatories, their heirs, successors and assigns, agents, principals, attorneys and all associated Parties involved in this contract transaction.

3) CODES OF IDENTIFICATION: The Parties to this contract agree that all documents related to this transaction shall indicate the codes as indicated herein. And, the codes shall not be changed during the term of this transaction contract, including all rollovers, renewals, extensions and all additions.

UNAUTHORIZED BANK COMMUNICATION: Neither Party is allowed to contact the Bank of the other Party without the authorization of the Party whose Bank is to be contacted.
Any unauthorized contact act is breach of this contract.

4) TAXES, INSTITUTIONAL COSTS: Both Parties hereto individually and separately accept liability of taxes, imposts, levies, duties or charges that may be applicable in the execution of their
respective roles in this transaction.

5) PENALTY CLAUSE FOR NON-PERFORMANCE: Should any of the Parties herein fail to perform as required by this contract, once signed, and after the Term of Validity thereof had expired, then, the failing Party shall indemnify the other Party for an amount of the 2% of the total quantity of the transaction; and one percent of said two [2%] percent shall be paid and equally distributed, to each of the facilitators that made the introduction of the signatories possible, if the non-defaulting signatory to the contract files a default claim, if not, then, the two [2%] percent shall be paid to the facilitators only. The facilitators have the right to make a legal claim for such amount of two [2%] percent as it applies, of the total amount contracted, in any court of jurisdiction against the party failing to perform.

6) LAW AND ARBITRATION: This contract is a full recourse commercial commitment enforceable under the laws of jurisdiction of the countries where this transaction is effectuated, and any dispute is to be resolved under the ICC rules for arbitration, unless the aggrieved party takes legal action in a court of jurisdiction. The Swiss, British or any European Union Country Law shall be the applicable law, as the aggrieved Party may choose, and shall govern the interpretation, construction, enforceability, performance, execution, validity and any other such matters regarding this contractual agreement. The Parties hereto acknowledge and agree that any discrepancy and/or dispute in application of this Agreement will be solved amicably, but if this is not possible, the arbitration procedure is to be followed.

7) This contract is intended to be performed in accordance with, and only to the extent permitted by all applicable laws of jurisdiction, ordinances, rules and regulations. If any provision of this contract be considered invalid or unenforceable, then, the reminder of this contract shall not be affected and shall be enforced to the greatest extend permitted by law.

8) NON-DISCLOSURE AND NON-CIRCUMVENTION: Both Parties are to be bound and to abide by the Non-Circumvention Non-Disclosure rules of all issues by the ICC, PARIS/FRANCE, last edition of which shall apply to this transaction for a period of five (5) years, no matter whether direct or indirect.

9) EDT- ELECTRONIC DOCUMENT TRANSMITTAL & COUNTERPARTS: This contract may be executed in multiple copies at different times and places, each being considered an original and binding. All facsimile / electronic transmittal/ communications relating to this transaction and which are mutually accepted by the Parties, shall be deemed legally binding and enforceable documents for the duration of the transaction.

10) force Majeure: The “FORCE MAJEURE? exception clause of the International Chamber of Commerce (ICC Publication No. 421) is hereby incorporated and made an integral part of this agreement. A party cannot be held in default if the reason is caused by force Majeure. Case may be, when executed by both PARTIES.

IN WITNESS WHEREOF, The undersigned have read this document and had advise of its legality and after understanding the content of this contract written in the English language, by knowledge of the language or by professional translation to the party’s language and legal advise, and initialed all the pages of this contract and, fully understand and agree that its execution constitutes an acceptance of all of its mutually protective covenants, terms and conditions, and is lawfully binding upon the “Parties?, and their legal heirs, successors, representatives and assignees.
SIGNATORIES:

by the usd Principal/AUTHORIZED SIGNATORY:

I hereby swear under the International Laws of Perjury and Fraud that the information provided by me herein is accurate and true and that I have read and understood the full contract. Signed and sealed on the date indicated below by the signature.

Signature:
Date:
Name:
ADDRESS:
Passport No:



Les agradecere cualquier comentario a cerca de esto, saludos y muchas gracias.
felices trades
Foro de Forex Trading United