Leasing Standby Letter of Credit (SBLC)
SERVICE AND INSTRUMENT DESCRIPTION:
Receive your Standby Letter of Credit Today!
Leased Standby Letter of Credit (SBLC)
A Standby Letter of Credit is used for a variety of projects and can be used in global finance, credit enhancement, project finance, trade finance, and many more. It is an amazing opportunity, but you have to get access to the cash funds of an investor, and this is where we come into place.
While acting as an owner you have the same rights, and can use your fund as collateral, place a lien, or even monetize it. This is all available through your term of the leased SBLC, or upon renewal of the contract.
Our Leased Standby Letter of Credit is an issuance of the World Top 100 Banks, and delivered through Bloomberg, Euroclear, DTC screen block and pay and SWIFT. Banks send this SBLC back and forth through SWIFT MT799 and then SWIFT MT760.
We Protect Our Client Deposits Fully Through 2 Levels of Protection
You never have to worry about your security with our two levels of protection:
This Refund Deposit Program protects our clients and makes sure that the deposits are completely safe.
16 Advantages to Purchasing a Leased Standby Letter of Credit (SBLC) from us!
Deposit Requirements for Leased Standby Letter of Credit (SBLC) via SWIFT:
Deposit Requirements forLeased Standby Letter of Credit (SBLC) via EUROCLEAR & BLOOMBERG delivery:
Prices in EURO
Estimated Completion Time:
Brokers & Consultants:
SWIFT Closing Process
1. The Beneficiary and provider sign the contract initiating the memorandum of understanding and the letter of intent. This enters them into a contractual agreement.
2. During an upcoming day of business the providing bank will endorse the agreement, granting the beneficiary payment for:
3. The Beneficiary’s institution has two days to send the payment of the reservation cost, SWIFT delivery, etc. by a wire transfer. Then a receipt of this transfer is emailed to the provider.
4. The Provider’s Bank has three business days from the receipt of the the itemized list of costs to issue payment and delivery to the beneficiary’s institution.
5. Within ten business days the Provider must send MT-799 Pre-Advice to the beneficiary’s bank, and email a copy to the beneficiary. This is to conclude whether they are ready to receive the SWIFT MT103, which must compete within 5 days.
6. Within three days the receiving bank must state confirmation of the receipt and note that they are ready to receive the SWIFT MT760, and will pay within 5 days.
7. Within three days the provider’s institution will send the BG through the SWIFT MT760.
8. When the receiving bank has received the BG, they will confirm this with the other bank and will pay within 5 days 18%, which includes a 2% consultant fee.
9. If the beneficiary foes do not pay the payments, then the Provide will place a claim on the BG which causes the receiver’s institution to return the BG through SWIFT MT760. Any payments that have been made will not be refunded.
10. The provider’s bank has one week within the reception of the payment of the BG to send a copy of the BG to the beneficiary’s bank through a courier that is bank-bonded.
11. Any additional tranches will abide by the same procedures and will continue until the funds have been depleted.
Important: In our contracts the purchaser rmust return the Leased Standby Letter of Credit (SBLC) to the Issuing institution 15 days prior to the year anniversary of the contract.
Euroclear & Bloomberg Closing Process: