Mainly, REM focuses on long-term contracts that
establish a very close relationship with the buyers, allowing trust and commitment
to be at the core of each transaction. The trial, as the first delivery of a
transaction, serves as a platform to adjust all details and make corrections for the
term part of the contract. The integrity of the process with regard to the client is
also safeguarded first by the compliance executed by REM and the financial/banking
system.
At the transactional and financial level, first, all transaction
documentation (KYC and agreements with all parties) is submitted for approval by the
financial/banking system.The financial structureand instruments are agreed upon
between bank institutions. The Proof of Product (POP) is sent from REM's
financial/banking institutions to the buyer's financial/banking institutions,
strictly on a bank-to-bank basis, for the buyer to verify accordingly. The payment
is guaranteed by the agreementon a bank-to-bank basis, or the financial instrument
put in place for the buyer for each transaction. The payment from the buyer is
executed via MT103, between 24-48 hours after receiving the Proof of Product,after
which the title and risk of the commodity are transferred to the buyer upon lift or
delivery.