INTERNATIONAL BROKERS ASSOCIATION
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In order to expedite our pending transaction please find below an Irrevocable Master Fee Protection Agreement.
Please fill in this agreement and fax (your fax #) back to our office at your earliest convenience.
Note: Edit all areas in Blue and remove this line of instruction before sending to your customer.
Sell Side Intermediaries:
SELL SIDE INTERMEDIARIES:
Total fees of as listed above to be paid by insert Bank/Paymaster here on behalf of the Seller represented by insert Paymaster/Bank Official (this is usually the bank that created the LOC), to the intermediaries.
Each and every payment will be divided as outlined herein. The aggregate funds available in each delivery for payment to the intermediaries will be divided per the schedule above and wire transferred to the intermediaries immediately upon the completion of the individual delivery.
Enter the Name of the Seller's Bank Here is designated as the Seller's Paymaster for this transaction will be instructed with full legal authority and corporate responsibility upon execution of the above transaction and for and in consideration of the services rendered by the individuals or corporation designated herein, irrevocably to pay or cause to pay, in Name Currency Here, (example $US Dollars) to the intermediaries amount per shipment as indicated.
All payments are to be made by Bank Wire Transfer separately to each Intermediary immediately upon closing of each transaction and is to be made without restrictions, imposts, impediments, free of any National or local taxes, duties and liens or delays of any kinds whatsoever.
All associated banking costs are to be deducted from commissions and accounted for in writing.
The Bank, as paymaster and upon execution of this irrevocable order and for each and every delivery, shall immediately distribute the amount entitled to each named bank account without delay.
A need for change of an Intermediaries Banking Coordinates may arise from time to time. In such instances the Seller agrees to conform to all demands for new banking instructions as soon as such demands are formulated and verified by the Intermediary in writing.
This irrevocable fee pay order is valid upon signing of the Buy and Sell Agreement by and between INSERT Buyer's name here and INSERT Seller's name here.
This Agreement shall remain valid and enforceable for the full term of the Buy and Sell Agreement and will include all rolls and extensions.
This MFPA shall be valid and binding upon execution of the contract by both the buyer and seller of Contract Reference Code: INSERT CONTRACT NUMBER OR NAME HERE
This signed document forms an integral part of the contract above and shall be attached to said contract.
Signed and Sealed
Banking Coordinates for:
Please call with any questions.
Thank you for this opportunity to serve you,