Company Profile: New Wave Ventures Sdn Bhd (1330634-P).

– your trusted and reliable au Gold Bullion and Dore bars supplier.

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WHO WE ARE:

​New Wave Ventures Sdn Bhd is a Malaysian-registered private limited company with its principal activities in international commodity trade and brokerage. Our area of expertise, or rather our core business, is in au gold bullion and Dore bars trade and brokerage. The company is owned by a former banker who has over 30 years’ experience in retail banking and over 3 years’ experience in the global gold trade business.

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We are a trusted gold bullion re-seller with a global presence and having international networks of gold bullion brokers and facilitators.

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We have successfully entered into a re-seller agreement with a gold bullion and Dore bars principal seller cum title holder who is from UK but resides in Spain. He has huge quantity of gold in depository in Zurich, Dubai, Hong Kong, London, USA and Singapore and sells on FOB for these markets. The au gold bullion is kept in private security warehouses in free trade zones at these locations.

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At New Wave Ventures Sdn Bhd, we are dedicated to providing our clients with the highest quality gold bullion consulting and trade services. With our global presence and commitment to excellence, we are a trusted name in the industry. Our team of experts works tirelessly to ensure that our clients receive the best possible service.

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Having over 30 years’ experience in the banking industry and being groomed up in an environment where integrity matters, upholding our reputation comes first to us in everything we do. Time is valuable to us. We act with speed while at the same time observing sound risk management in everything we do.

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WHAT WE BELIEVE - OUR GUIDING PRINCIPLES:

​At New Wave Ventures Sdn Bhd, we believe in being true to what we are doing, being true to our mission to provide top notch services to our customers who are global end buyers of au gold bullion and Dore bars and to our principal who is the title holder of the products we sell. We believe in doing our business with utmost integrity and responsibility, putting the fear of  God in everything we do.

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OUR COMMITMENTS:

​​We are committed to scam-free dealings and supply of gold bullion or Dore bars is guaranteed so long the buyer complies with the principal seller’s transaction procedures.​

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REQUEST FOR ZOOM MEETING OR GOOGLE MEET:

We are available for zoom meeting with prior request given as part of our pre-dealing procedures as we are committed to being transparent to our buyers. However, most zoom meeting or google meet were met with disappointing outcome as the buyers' representative didn't even read the FCO and understand the transaction procedures before attending such meeting but instead make an attempt to negotiate the non-negotiable transaction procedures.

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OUR SERVICES:

​At New Wave Ventures Sdn Bhd, we offer Dore bars and hallmark gold bullion for sale, both GLD and Non-GLD gold. Our gold is available on the ground in Dubai, Hong Kong, Zurich, London, USA and Singapore and transacted on FOB basis in these locations. We also deal in rough diamonds and our depository is based in London.

For end buyers who wish to get connected to the principal seller cum title holder as part of their DD process, the concall can be arranged upon notice given and after SPA is signed by both parties.

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​SELLER MANDATE:

​For Spanish – speaking buyers, you may contact my seller mandate as follows:

1. MR. FRANCISCO JOSE HERRERA Y HERRERA

Mobile: + 52 55 4981 9714

Email: francisco.herrerayherrera@gmail.com

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SELLER CONSULTANT:

​Those brokers who have proven themselves and have brought to us at least 1 (one) successful deal may be accorded the position of Seller Consultant who will be given special commission package which is over and above the seller side and buyer side. 

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PARTIES TO THE TRANSACTION PROCEDURES:

​Our procedures have multiple layers of security checks to protect the interest of the title holder cum principal seller, re-seller, and our buyers. 

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​First, there is authorized re-seller i.e. New Wave Ventures Sdn Bhd:

 New Wave Ventures performs all the marketing activities and attending to enquiries from international brokers, does due diligence on the buyers, issuance of SPA which will then be sent to the title holder for approval, perform issuance of commercial invoices and also liaising with both the buyers, brokers and title holder. As authorized re-seller, we take our instruction from the title holder.

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​Second, we have the appointed fiduciary receivers who will receive the payment guarantee from our buyers, authenticate the banking instruments and confirm to the title holder that the buyer's payment guarantee is good to go after which the title holder will instruct his custodian bank to sent MT 600 SKR with full banking responsibility, TTM invitation and ATV to the buyer. Different banking instruments are handled by different receivers. Our receivers maintain accounts with global top banks and in countries where they have robust financial system with less restriction on international fund movements. Their responsibilities include authenticating the buyer's payment guarantees, and once MT 103 payment is received from the buyers, they will do get the necessary approval to clear the funds and distribute the funds based on the principal seller's instruction including for payment of fees and commissions.

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​Third, we have a gold custodian bank which will send Swift MT 600 SKR, TTM invitation and ATV to the buyers with full banking responsibility. This is done after the receiver confirmed to the principal seller cum title holder that the payment guarantee is in order.

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​​Fourth, the title holder who will come to meet the buyer for TTM, discuss the delivery schedule with the buyer, agreed on arrangements with the refinery for assay as well as execute ownership transfer.

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These highly structured approach ensures proper division of roles and responsibility that will ultimately protect the interest of the buyer, seller and title holder.

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NON-NEGOTIABLE PROCEDURES:

As shown above, the transaction procedures involve 4 parties with each party performing their designated roles and functions. While these procedures ensures proper check and balance, it also makes the procedures non-negotiable. Therefore, our transaction procedures may not fit into the requirement of some buyers.

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COMPLIANCE WITH AMLA /KYC: ​

​In gold business, strict compliance with AMLA and those important international regulations is important in order to protect the interest of all stakeholders.

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Gold transaction involves huge amount of funds. Multiple layers of checks and verifications by both buyer's bank and seller's bank ensure that each transaction are done  in full compliance with AMLA and other  relevant international regulations.  Our background in banking taught us the importance of strict compliance with statutory regulations and adoption of sound risk management in everything we do as a way to protect the interests of all stakeholders. ​

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​LATEST OFFER: MT 103 LEDGER-TO-LEDGER:

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COMMODITY:

​(AU) Gold Bullion (Not in the GLD Banking System)

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SIZE:

​12.5 KG or 1 KG Gold Bullion Bars:

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HALLMARK:

​Internationally recognized hallmark (J&M, Heraeus and Metalor).

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ORIGIN OF GOLD:

West Africa and various countries

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AGE:

​-Less than 5 years.

-More than 5 years

-Dore Bars are available.

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CURRENT LOCATION:

​Dubai, Zurich, Frankfurt, London, Singapore, Hong Kong and USA.

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PRICE & DISCOUNT:

​Gold above 5 years: 15% Gross, Net to Buyer 12%.

Gold below 5 years: 13% Gross, Net to Buyer 10%.

Dore Bars (98% purity: 18% Gross, Net to buyer 15%,

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DELIVERY DESTINATION (BULLION ONLY):

​FOB Dubai.

FOB Zurich.

FOB London.

FOB Frankfurt,

FOB Hong Kong.

FOB USA.

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TOTAL QUANTITY & CONTRACT PERIOD

​Total: 600 MT with 1ST trial  of 500 KG followed by  50 MT per month for 12 months.

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PAYMENT GUARANTEE BEFORE DELIVERY: ​PERFORMANCE BOND:

2%.

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SWIFT MT 103 LEDGER-TO-LEDGER TRANSFER WITH SAME DAY AUTOMATIC GENERATED AUTHENTICATING DOCUMENTS:

 

​– White Slip Copy.

- Black Slip Copy.

- Remittance Advice.

- Debit Note.

- MT940 Ledger Statement.

- ECB Release Code.

 

For the value of trial delivery of 500 KG followed by monthly delivery of 500 MT ( or such higher quantity that Buyer requires to be agreed during TTM).

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CURRENCY:

​USD or Euro . We also accept USDT or BTC but under separate transaction procedures.

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AGENTS’ FEES

​1.5% Seller Side (closed).

1.5% Buyer Side (Open).

Request for additional 1% additional commission for the buyer's side may be given subject to buyer's agreement.

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​​​​​​​​​​​​​​​​​​​​​​​ TRANSACTION PROCEDURES FOR MT 103 LEDGER-TO-LEDGER:

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1. Seller has issued FCO which basic terms and conditions acceptable to the Buyer subject to the final SPA and buyer have signed the FCO and issued an LOI and CIS to SELLER COMPANY to proceed. Upon receipt of the signed FCO, LOI and CIS from the buyer, Seller IMMEDIATELY issues Sales and Purchase Agreement “SPA + NCNDA + IMFPA” for Buyer to review, accept, initial and return back to Seller.

2. After mutual agreement with the final SPA, The Buyer (first) and The Seller (second) will sign and seal this Sales and Purchase Agreement with their full banking coordinates within the SPA, NCNDA and IMFPA.

3. Upon receipt of the duly completed SPA + NDNCA + IMFPA, seller issues the commercial invoice for the first trial of 500 KG and send to the buyer together with the CIS of seller’s fiduciary receiver for lodgment with their bank.

4. Buyer’s Bank issues SWIFT LEDGER TO LEDGER PAYMENT TRANSFER as Payment Guarantee to Seller’s nominated Bank for the trial delivery of 1 MT and buyer sends the following documents for authentication purposes; 1/. WHITE SLIP COPY, 2/. BLACK SLIP COPY, 3/. REMITTANCE ADVICE, 4/. DEBIT NOTE, 5/. MT940 LEDGER STATEMENT, and 6/. ECB RELEASE CODE on the same day.

5. Upon receipt confirmation from buyer's Ledger to Ledger swift confirmation with evidence of Swift correspondence document, seller will issue a 2% PB to buyer against non-performance of the contract and seller draws 2% from buyer's Ledger-to-Ledger account should buyer did not perform the contract.

6. Upon receipt and authentication of the Buyer’s supplied documents; 1/. WHITE SLIP COPY, 2/. BLACK SLIP COPY, 3/. REMITTANCE ADVICE, 4/. DEBIT NOTE, 5/. MT940, and 6/. ECB RELEASE CODE on the same day, the Seller's Gold Bars Custody Bank shall issue to the Buyer a Depository Confirmation Letter (DCL) along with Authority To View - “ATV” and evidence of Proof Of Product “POP” via SWIFT MT600 to Buyer’s Bank and copy made available by email to Signatory Buyer only.

7. Within three (3) banking days or lesser, the Buyer or his Appointed Agent will be invited by ATV to the Vault/Gold Bullion storage facility of the Custodian Bank, for physical inspection.

8. Once the gold has been delivered to the buyer or his appointed refinery and assay certificate has been issued and the Buyer has settled the cost of the trial tranche of 500 KG, Gold Bullion Bars with the Seller of the gold, the title of ownership of the first tranche of 500 KG Gold Bullion Bars shall be transferred to Buyer.

9. The delivery of 50 MT per month shall commence immediately after successful 1st trial, following the same process which is full payment of the commercial invoice for each of the 50 MT monthly followed by assay and ownership transfer OR AT SUCH INTERVALS TO BE AGREED DURING TTM.

10. After, Post Inspection and acceptable Assay Report, Buyer instructs his bank to RELEASE payment for the Gold Bullion into the Sellers Nominated Bank Account, via SWIFT MT103 while the LEDGER TO LEDGER PAYMENT TRANSFER instrument revolves until the entire quantity of 600 MT is exhausted, with tranches as per refinery schedule, to be determined.

11. Parties execute the change of Title of Ownership between Seller and Buyer, upon each settlement.

12. Seller pays both the Seller Side Nominated Beneficiaries or to the Nominated Paymaster of the Beneficiaries and Buyer’s Side Nominated Beneficiaries in the IMFPA.

13. TRANSACTION CONCLUDED.

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Note: The quantity of 600 MT here is only as example. Buyer may choose lower or higher quantity.

 

SUMMARY:

​This transaction procedure is fair to both buyer and seller. The seller will only be able to obtain the buyer’s payment after the delivery and assay has been done and ownership transfer executed. The seller, on other-hand has the assurance of being paid after all the Gold bullion bars are delivered to the buyer.

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OUTLINE: INTERBANK  SWIFT MT 103 LEDGER-TO-LEDGER TRASFER:

Below is a clear and professional outline for an interbank SWIFT MT 103 ledger-to-ledger transfer, based on standard banking practices and SWIFT protocols. This outline is commonly used for high-value institutional or fiduciary transactions, such as gold bullion settlements or large international transfers. 

 

1. Purpose of MT 103 Ledger Transfer.

​ The MT 103 is a standard SWIFT message type used for single customer credit transfers.

 In "ledger-to-ledger" context, it refers to internal ledger booking between two fiduciary or corresponding accounts across banks, without immediately clearing funds into beneficiary's retail account.

 Often used in structured finance, gold transactions, and proof of funds mechanisms.

 

2. Key Entities Involved:  Party Role.

 

1. Sender Bank (Ordering Bank) Initiates the MT 103 SWIFT transfer

2. Receiver Bank (Beneficiary Bank) Receives and acknowledges the SWIFT message

3. Correspondent Bank Intermediary for routing, clearing, or ledger posting

4. Buyer/Ordering Customer Sends funds (client)

5. Seller/Beneficiary Customer Receives funds (fiduciary or escrow)

 

3. Pre-conditions.

 

KYC & AML checks completed for all parties.

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1. Compliance-approved remittance request.

2. Funds cleared and available in sender's ledger.

3. Transactional agreement or sales contract established (e.g., SPA for gold purchase).

 

4. MT 103 Message Fields Summary

 

Field Description

 

:20: Transaction Reference Number

:23B: Bank Operation Code (e.g., CRED for credit transfer)

:32A: Value Date, Currency, Amount

:50K: Ordering Customer (Buyer)

:52A / 52D: Ordering Institution (Bank BIC)

:57A / 57D: Account With Institution (Receiver Bank/Correspondent Bank)

:59: Beneficiary Customer (Seller/Fiduciary Account)

:70: Remittance Information or Purpose (e.g., “Payment for Dore Gold Bars”)

:71A: Details of Charges (e.g., SHA, OUR, BEN)

 

5. Supporting Documents (Typically Shared Off-SWIFT)

 

1. White Slip Copy (sender ledger debit proof)

2. Black Slip Copy (internal bank confirmation)

3. MT 940 (account statement with incoming ledger entry)

4. Remittance Advice (PDF or paper proof of instruction)

5. ECB/Compliance Release Note (if applicable)

6. Debit Note/Invoice (as reference for the amount paid)

 

6. Execution Flow

 

1. Buyer instructs bank to send MT 103 (ledger transfer request).

2. Ordering bank initiates MT 103, routes via SWIFT to receiver/correspondent.

3. Receiver bank acknowledges MT 103, and posts credit to fiduciary ledger (not yet in operational or retail account).

4. Seller receives SWIFT copy and possibly MT 940 or confirmation of ledger entry.

5. Funds remain pending for drawdown or further clearance, often until seller meets delivery obligations or documents.

6. Compliance & Risk Considerations

 

 Use authenticated SWIFT copy (not just screenshots or forged PDFs).

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​IMPORTANT NOTICE:

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1. PROOF OF PRODUCT (POP)

​For security reason and to prevent fraud on the seller, POP is sent by the gold custodian bank with full banking responsibility only after the buyer's payment guarantee has been authenticated. For that reason, we encourage buyers to begin the relationship with small trial of 500 KG to 1 MT and after TTM and visit to the gold depository, the buyer can go for higher quantity.

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2. FAKE AND IMPERSONATED OFFERS:

​It has been reported that there are fake as well as impersonated offers flying around purportedly coming from New Wave Ventures Sdn Bhd. Please always verify the offers with myself or my seller mandate. Our offers are issued bearing our letterhead, duly signed and sealed. If you receive offers which have been manipulated and edited, please reject such offers.

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3. FAKE  BUYERS AND FAKE PDF COPY OF SWIFT DOCUMENTS:

​We have encountered several cases of buyers sending us fake / forged PDF copy of purported Swift documents. Any swift transmission must come from the receiver bank swift terminals. Such genuine swift message can only be printed by the receiver bank from his Swift terminal, scanned to pdf and send to seller fiduciary. The Swift message is not sent in file format that can be saved and exported to PDF. If the buyer sends the pdf copy of the Swift instruments without any confirmation from the fiduciary receiving bank, such Swift message are fake.

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4. GOLD BUSINESS IS ALL ABOUT TRANSACTION PROCEDURES:

So long the buyer agrees to accept the Seller transaction procedures, we have a deal. The transaction procedures are not negotiable. Please read and understand the transaction procedures carefully and if in doubt, please clarify with me. Buyers must perform their own risk management analysis with regards to the transaction procedures.

MT 103 L2L is fair to both buyer and seller and protect the interest of both parties.

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5. OTHER ACCEPTABLE PAYMENT GUARANTEE INSTRUMENTS:

a. SBLC 760.

b. MT  700 DLC.

c. MT 799 Blocked Funds.

d. Refundable Cash Deposit of 450,000 USD.

e. MT 103-202.

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6: BRINKS-TO BRINKS:

We do not offer brinks-to-brinks procedures.

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7. POP AGAINST POF:

We do not offer POP against buyer's POF procedures  which many brokers referred to as Bank-to-Bank procedures. Our procedures are strictly payment-guarantee based.

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DISCLAIMER:

​This website is for DD/KYC purpose only and no trading activities is done through this website.  Please contact our seller mandate should you require any FCO. We do not collect your details or your banking information. We have no use for such information. Buyers or brokers who harbor any doubts are free to contact other sellers or buy from them.

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​CONTACT US:

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​Registered Address:

3rd Floor, Lot 220, Section 11, KTLD, Jalan Satok, Kuching, Sarawak, Malaysia.

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Email:

petersese1@newwave-ventures.net​

petersese@gmail.com

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Mobile No:

+6 016 851 2293

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WARNING:

​Any rude or unprofessional brokers will be blocked immediately.

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Thank you and warmest regards.​​

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Peter Sese Kabit

CEO,

New Wave Ventures Sdn Bhd.

+6 016 851 2292​