Purchase Order Banker in Iraq Baghdad –Free Word Template Download with AI

This Purchase Order is issued by Tigris-Euphrates Banking Corporation for the procurement of comprehensive Banker services, banking infrastructure, and professional support to be deployed and utilized within the city of Iraq Baghdad. The scope encompasses the hiring of qualified Banker professionals, the supply of banking technology systems, and the provision of ongoing operational support for the corporation's Baghdad headquarters and its branch network across the city.

The Banker services procured under this Purchase Order shall include but are not limited to: senior banking officers, compliance specialists, treasury management professionals, and retail banking advisors. All Banker personnel shall be subject to the regulatory requirements of the Central Bank of Iraq and shall operate exclusively within the jurisdiction of Iraq Baghdad unless otherwise authorized in writing by the Purchaser.

All Banker personnel engaged under this Purchase Order shall report for duty at the Tigris-Euphrates Banking Corporation headquarters located in Iraq Baghdad, Al-Mansour District, no later than 1 August 2025. The Supplier shall be responsible for arranging international travel, work visa sponsorship in coordination with the Iraqi Ministry of Labor, and initial accommodation for all Banker professionals arriving in Baghdad. Banking technology equipment and software licenses shall be delivered to the Baghdad facility by 20 July 2025, with installation and commissioning completed by 28 July 2025.

The Supplier acknowledges that all operations under this Purchase Order are subject to the regulatory oversight of the Central Bank of Iraq, the Iraqi Securities Commission, and applicable federal and Baghdad municipal regulations. The Supplier warrants that all Banker services and products supplied are fully compliant with Iraqi financial law and international anti-money laundering standards as enforced in Iraq Baghdad.

Payment for this Purchase Order shall be made in accordance with the following schedule: 30% advance payment upon execution of this Purchase Order; 40% upon confirmed arrival and onboarding of all Banker personnel in Iraq Baghdad; and 30% upon successful completion of the 90-day performance evaluation period. All payments shall be remitted via irrevocable letter of credit issued by a bank licensed in Iraq, denominated in US Dollars, and payable to the Supplier's designated account. Late payments shall incur interest at a rate of 1.5% per month, calculated in accordance with Iraqi commercial law.

By signing below, both parties confirm their acceptance of all terms, conditions, and obligations set forth in this Purchase Order for the procurement of Banker services and banking infrastructure to be delivered and performed in Iraq Baghdad. This Purchase Order shall remain in full force and effect for a period of twelve (12) months from the date of execution, unless terminated earlier in accordance with the provisions herein.