A. Interested customer provides TPsitico with its requirements (e.g. transaction price, tenor, interest rate, etc);
B. Through its internal voice and electronic brokerage system, TPsitico searches the transaction counterpart that best meets such customer requirements and, after comprehensive screening, quotes the customer with the best price;
C. On the basis of the quotation, the customer decides whether or not to execute the transaction;
D. After the customer recognizes the price quoted by TPsitico, TPsitico will provide the customer with name of the other customer;
E. After both parties to the transaction confirms the transaction through the voice and electronic platform or any other means, it means that this transaction is successful;
Payment and settlement process
A. TPsitico sends the transaction confirmation to the customer and its transaction counterpart in time on the day of transaction to reconfirm the elements of the successful transaction;
B. If the customer disagrees with any of the elements as stated in the transaction confirmation, it shall contact TPsitico within 1 working day for reconfirmation;
C. After every calendar month ends, TPsitico will send to the customer in time the monthly statement and the payment order. The monthly statement shall include the transaction details and the brokerage charges incurred for the said calendar month.
D. The customer shall make payment within 30 days according to the above-mentioned monthly statement and payment order as provided by TPsitico;
E. TPsitico will issue the invoice within 7 days after receipt of the payment from the customer.