Fundamental Requirements

Fundamental Requirements

If you want to access valid SBLC or BG collateral to back up a credit line, then you will need a bank, or several banks willing to work with you on this. They will have to offer you a credit line you can draw from, once the instrument arrives via SWIFT MT760. The borrowing and lending fee can be paid from that credit and your project can be financed by drawing from that credit line.

Bank, the receiving bank, or a third party bank, regardless where your SBLC or BG is going to be stent to, a solution can be structured for your transaction accordingly. Only if you can get this conditional payment confirmation (the Essential Bank Payment Instrument) from an acceptable bank, you can benefit from this SBLC or BG collateral service. Time is of the essence in all aspects of this transaction! The collateral borrowing and lending term expires 15 days prior of the maturity date of the Bank Guarantee or Standby Letter of Credit. At that time you can ask for an extension for another year, or have your bank return the financial instrument unencumbered.

No these deals are done with my private bankers on a bank to bank transaction only once I get the KYC back. There can be a account for my fees from the client to pay my fee’s for services

 

Fundamental Requirements| Los Angeles, Singapore, London
This can be your own bank, the receiving bank, or a third party bank, regardless where your SBLC or BG is going to be stent to, a solution can be structured for your transaction accordingly. Only if you can get this conditional payment confirmation (the Essential Bank Payment Instrument) from an acceptable bank, you can benefit from this SBLC or BG collateral service. Time is of the essence in all aspects of this transaction! The collateral borrowing and lending term expires 15 days prior of the maturity date of the Bank Guarantee or Standby Letter of Credit. At that time you can ask for an extension for another year, or have your bank return the financial instrument unencumbered.

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Contact Associate Gabrielle NG 1+(425)336-9958

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