System applied in commercial banks
1. The handling bank verifies the Global Collateral Account (GCA) 103.357.777 on the blue screen or special screen (second screen) and this check must be carried out by the senior treasury officer of the bank who understands its principles in every commercial bank throughout the world.
2. The face value stated in the Certificate of Capital is in denomination of the global dollar currency (US $) that can be assessed or redeemed or converted with the currency prevailing in the user country with the procedure of converting 1 US $ = 1 USA $ first, where the United States of America dollar currency (USA $) is the standard of global transactions and the exchange rate for current international business currencies.
3. The denomination stated in the Certificate of Capital originates from the special account called the Global Collateral Account (GCA) 103.357.777 which is utilized in accordance with the instructions from the account owner stated in the Certificate of Capital
4. Blue screen/second screen systems in the handling bank are directly connected to the blue screen in the central bank. Therefore, to operate it, there must be a document of the original Certificate of Capital to check/compare/balance/equalize its face value with outstanding balance of the Global Collateral Account 103.357.777 available on the blue screen.
5. Verification can only be carried out by the authorized treasury officer of the bank with access to the blue screen, based on the received working capital documents with the official verification methods (verification by swift, correspondence, biometric) both internally and through the central bank.
6. The verification result of the Global Collateral Account (GCA) 103.357.777 conducted by the treasury officer or authorized bank officer must be confirmed in a written report (bank confirmation letter). This is the bank’s responsibility in terms of evidence of the veracity of this account’s information containing: account name, account number, account standing balance and account specimen of the signatory in the account.
7. If the Global Collateral Account (GCA) 103.357.777 is printed, the printout will present data of its face value identical to the Certificate of Capital including the conversion of face value of gold and exchange rate of currency for each user country.
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Mechanism applied in commercial banks
1. Users of the certificate of capital of the Global Collateral Account (GCA) 103.357.777 are business partners of representatives of The Collateral House that have made an official joint venture agreement, signed into a memorandum of understanding (MOU).
2. Users of the Certificate of Capital must have the ability to meet the administrative
requirements required by the handling bank to process the use of the Certificate of Capital.
3. When everything in relation to the process of utilization if the certificate of capital,
conducted by the handling bank is ready to use, then both parties (in this case the
representative of The Collateral House and the user) will implement the utilization
agreement written in the memorandum of agreement (MOA).
4. After verifying the authenticity of the Certificate of Capital, the biometric of the specimen of account owner and the existence of seal, the handling bank issues the bank facility (instrument or bank notes) based upon utilization of its original document stated in both the joint venture agreements of the parties (MOU and MOA).
5. The handling bank must keep original documents of both, MOU, and MOA.
6. Both parties open a joint account in handling bank to manage the fund of programs or projects together.
