4 Fine Leather Scraps + 1 Leather Cord is the recipe for 1 Fine Leather Panel. There's no "recipe" needed for the Fine Leather Panel; with those ingredients you can create 1 Fine Leather Panel.
Or,
10 Platinum for 1 Fine Leather Panel.
At least that's how I envision it; I'm not willing to spent the 10 platinum to see if the 10 Plat = 1 Fine Leather Panel works
Edit: nvm, still haven't been able to figure out the recipe part. We know where to get all green items, but the recipe thing still needs to be found! Gonna try to see of any daily quests give out recipes..
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