(L/C, DLC, SBLC)

Lease bank Instrument providers, Lease Letters of Credit, Lease SBLC, Lease Bank Guarantee Providers

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Dear Friends,Man Global Investments Ltd (MGIL) is a legitimate Loan and Investments company that is legally registered to provide Standby Letter of Credit {SBLC}, Bank Guarantee {BG}, Business Loans, Project Financing and funding for all types of profitable projects locally and internationally. We also offer very flexible loan terms and our loan interest rate is just 3% per year.
Please see our instrument description and leasing procedure as follow.

DESCRIPTION OF INSTRUMENT:

1. Instrument:                Cash Backed Bank Guarantee {BG}
2. Total Face Value:       Eur/USD 1 Million (Min) to Eur/USD 50 Billion (Max)
3. Issuing Bank:            HSBC Hong Kong, Barclays Bank London, Citibank New York, Deutsch Bank Germany or any AAA Rated Bank.
4. Age:                         One Year and  One Day (with rolls and extensions where applicable)
5. Leasing Price:           4% of Face Value plus 2% brokers commission (Applicable only if there are brokers in the transaction)
6. Delivery:                    SWIFT MT-760
7. Payment:                  MT103  Wire Transfer 
8. Hard Copy:                Bonded Courier within 7 banking days. All our financial instruments are cash backed so it can be used to secure loans from banks and to bid & secure contracts. It can also be used for import/export transactions and most importantly these instruments can be invested into High Yield Trading Program or Private Placement Programme (PPP).

OUR SERVICES ARE:

  • Loans: (Personal Loans, Business Loans, Secured Loans, Unsecured Loans, International Project Financing etc)
  • Purchase Bank Instruments (Bank Guarantees and Standby Letter of Credit)
  • Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)
  • Letters of Credit (DLC, L/C, Usance LC)
  • Investments and Wealth Management
  • Insurance Underwriting Services
  • PPP and Trading Platforms
  • Corporate Finance
  • Private Equity

IMPORTANT NOTICE FOR INTERMEDIARIES AND BROKERS: New Brokers are 100% welcomed and protected. Our brokers are paid 2% commission on every transaction they bring to us. If you want to be our  broker or company representative kindly contact us through email for more information. Here are a few of the many benefits of being a  Man Global Investments Ltd broker:

Lease Bank Guarantee Provider, Bank Guarantee financing, Bank Guarantee funding, bank guarantee lease, real bank instrument providers, Financial SBLC provider, genuine bank guarantee provider, genuine bank instruments providers, largest bg providers, real bg provider
  • Professional Broker Support
  • Healthy Commissions Paid on every Deal
  • Be Direct to the client, NOT in a Broker Chains!
  • Earn between 1% to 2% Commission on Every Deal
  • Brokers are 100% Protected Against Possible Circumvention.
  • Wide Range of Financial Instruments, Bank Guarantee Programs and Client Funding Services
  • If you are interested to become our broker or company representative, kindly send us your resume via email for more information.

Skype: www.manglobalinvestments

Website: www.manvoeurninvestments.com

Email: simchea@manvoeurninvestments.com 

 funding@manvoeurninvestments.com

Lease Bank Guarantee Provider, Bank Guarantee financing, Bank Guarantee funding, bank guarantee lease, real bank instrument providers, Financial SBLC provider, genuine bank guarantee provider, genuine bank instruments providers, largest bg providers, real bg provider
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world best providers of SBLC

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Dear Friends,Man Global Investments Ltd (MGIL) is a legitimate Loan and Investments company that is legally registered to provide Standby Letter of Credit {SBLC}, Bank Guarantee {BG}, Business Loans, Project Financing and funding for all types of profitable projects locally and internationally. We also offer very flexible loan terms and our loan interest rate is just 3% per year. Please see our instrument description and leasing procedure as follow.DESCRIPTION OF INSTRUMENT: 1. Instrument:                Cash Backed Bank Guarantee {BG}
2. Total Face Value:       Eur/USD 1 Million (Min) to Eur/USD 50 Billion (Max)
3. Issuing Bank:            HSBC Hong Kong, Barclays Bank London, Citibank New York, Deutsch Bank Germany or any AAA Rated Bank.
4. Age:                         One Year and  One Day (with rolls and extensions where applicable)
5. Leasing Price:           4% of Face Value plus 2% brokers commission (Applicable only if there are brokers in the transaction)
6. Delivery:                    SWIFT MT-760
7. Payment:                  MT103  Wire Transfer
8. Hard Copy:                Bonded Courier within 7 banking days. All our financial instruments are cash backed so it can be used to secure loans from banks and to bid & secure contracts. It can also be used for import/export transactions and most importantly these instruments can be invested into High Yield Trading Program or Private Placement Programme (PPP).
OUR SERVICES ARE:Loans: (Personal Loans, Business Loans, Secured Loans, Unsecured Loans, International Project Financing etc)Purchase Bank Instruments (Bank Guarantees and Standby Letter of Credit)Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)Letters of Credit (DLC, L/C, Usance LC)Investments and Wealth ManagementInsurance Underwriting ServicesPPP and Trading PlatformsCorporate FinancePrivate EquityIMPORTANT NOTICE FOR INTERMEDIARIES AND BROKERS: New Brokers are 100% welcomed and protected. Our brokers are paid 2% commission on every transaction they bring to us. If you want to be our  broker or company representative kindly contact us through email for more information. Here are a few of the many benefits of being a  Man Global Investments Ltd broker: Professional Broker SupportHealthy Commissions Paid on every DealBe Direct to the client, NOT in a Broker Chains!Earn between 1% to 2% Commission on Every DealBrokers are 100% Protected Against Possible Circumvention.Wide Range of Financial Instruments, Bank Guarantee Programs and Client Funding ServicesIf you are interested to become our broker or company representative, kindly send us your resume via email for more information. 

 Skype: www.manglobalinvestments

Website: www.manvoeurninvestments.com

Email: simchea@manvoeurninvestments.com 

 funding@manvoeurninvestments.com 

Lease Bank Guarantee Provider

Posted on Updated on

Dear Friends,Man Global Investments Ltd (MGIL) is a legitimate Loan and Investments company that is legally registered to provide Standby Letter of Credit {SBLC}, Bank Guarantee {BG}, Business Loans, Project Financing and funding for all types of profitable projects locally and internationally. We also offer very flexible loan terms and our loan interest rate is just 3% per year.
Please see our instrument description and leasing procedure as follow.

DESCRIPTION OF INSTRUMENT:

1. Instrument:                Cash Backed Bank Guarantee {BG}
2. Total Face Value:       Eur/USD 1 Million (Min) to Eur/USD 50 Billion (Max)
3. Issuing Bank:            HSBC Hong Kong, Barclays Bank London, Citibank New York, Deutsch Bank Germany or any AAA Rated Bank.
4. Age:                         One Year and  One Day (with rolls and extensions where applicable)
5. Leasing Price:           4% of Face Value plus 2% brokers commission (Applicable only if there are brokers in the transaction)
6. Delivery:                    SWIFT MT-760
7. Payment:                  MT103  Wire Transfer 
8. Hard Copy:                Bonded Courier within 7 banking days. All our financial instruments are cash backed so it can be used to secure loans from banks and to bid & secure contracts. It can also be used for import/export transactions and most importantly these instruments can be invested into High Yield Trading Program or Private Placement Programme (PPP).

OUR SERVICES ARE:

  • Loans: (Personal Loans, Business Loans, Secured Loans, Unsecured Loans, International Project Financing etc)
  • Purchase Bank Instruments (Bank Guarantees and Standby Letter of Credit)
  • Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)
  • Letters of Credit (DLC, L/C, Usance LC)
  • Investments and Wealth Management
  • Insurance Underwriting Services
  • PPP and Trading Platforms
  • Corporate Finance
  • Private Equity

IMPORTANT NOTICE FOR INTERMEDIARIES AND BROKERS: New Brokers are 100% welcomed and protected. Our brokers are paid 2% commission on every transaction they bring to us. If you want to be our  broker or company representative kindly contact us through email for more information. Here are a few of the many benefits of being a  Man Global Investments Ltd broker:

Lease Bank Guarantee Provider, Bank Guarantee financing, Bank Guarantee funding, bank guarantee lease, real bank instrument providers, Financial SBLC provider, genuine bank guarantee provider, genuine bank instruments providers, largest bg providers, real bg provider
  • Professional Broker Support
  • Healthy Commissions Paid on every Deal
  • Be Direct to the client, NOT in a Broker Chains!
  • Earn between 1% to 2% Commission on Every Deal
  • Brokers are 100% Protected Against Possible Circumvention.
  • Wide Range of Financial Instruments, Bank Guarantee Programs and Client Funding Services
  • If you are interested to become our broker or company representative, kindly send us your resume via email for more information.

Skype: www.manglobalinvestments

Website: www.manvoeurninvestments.com

Email: simchea@manvoeurninvestments.com 

OR funding@manvoeurninvestments.com

Lease Bank Guarantee Provider, Bank Guarantee financing, Bank Guarantee funding, bank guarantee lease, real bank instrument providers, Financial SBLC provider, genuine bank guarantee provider, genuine bank instruments providers, largest bg providers, real bg provider

We are providers of loan, project finance, BG, SBLC, DLC

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Dear Potential Partners & Associates,

We are direct providers of Loan, Project Finance, freshly cut Bank Guarantee (BG), Standby Letter of Credit (SBLC), DLC. We give both secured loans and unsecured loans and our interest rate is 3% per year. 
We are also looking for agents or company representatives, so if you don’t need loan you can be our agent or company representative. You will be paid 1% commission on every business you bring to us. For instance, if you bring a customer to us and the customer receives a 1 Million Dollar loan from us then we will pay you 1% of 1 Million Dollars which is: 10 000 U.S. dollars. 
we recommend our serious customers to send their requirements or inquiries via email for proper attention. So if you are seriously interested in doing business with us please send your requests or inquiry to our official email just send us an email telling us who you are, where you’re writing from and what exactly do you want from us so that we will know how best to help you 
For more information kindly contact us with the below contact details…

Skype: www.manglobalinvestments

Website: www.manvoeurninvestments.com

Emails:  simchea@manvoeurninvestments.com 

OR

funding@manvoeurninvestments.com


Real SBLC Providers.

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Hello, Man Global Investments Ltd (MGIL) are Real SBLC Providers.

is a legitimate Loan and Investments company that is legally registered to provide Standby Letter of Credit {SBLC}, Bank Guarantee {BG}, Business Loans, Project Financing and funding for all types of profitable projects locally and internationally. We also offer very flexible loan terms and our loan interest rate is just 3% per year.

Real SBLC Providers, Standby Letter of Credit for lease, how to lease an sblc, Lease SBLC providers, lease sblc provider, leasing SBLC, sblc providers companies, Standby Letter of Credit, genuine Standby LC Providers

Description of Instruments:

1. Instrument:                Fully Cash Backed Standby Letter of Credit {SBLC} 
2. Total Face Value:       Eur/USD 1Million (Min) to Eur/USD 50 Billion (Max)
3. Issuing Bank:            HSBC London/Hong Kong, Barclays Bank London, Citibank New York, Deutsch Bank Germany or any AAA Rated Bank.
4. Age:                         One Year and  One Day (with rolls and extensions where applicable) 
5. Leasing Price:           4% of Face Value plus 2% brokers commission (Applicable only if there are brokers in the transaction)
6. Delivery:                    SWIFT MT-760
7. Payment:                  MT103  Swift Wire Transfer 
8. Hard Copy:                Bank Bonded Courier within 7 banking days.

Real SBLC Providers, Standby Letter of Credit for lease, how to lease an sblc, Lease SBLC providers, lease sblc provider, leasing SBLC, sblc providers companies, Standby Letter of Credit, genuine Standby LC Providers

OUR SERVICES ARE:

  • Loans: (Personal Loans, Business Loans, Secured Loans, Unsecured Loans, International Project Financing etc)
  • Purchase Bank Instruments (Bank Guarantees and Standby Letter of Credit)
  • Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)
  • Letters of Credit (DLC, L/C, Usance LC)
  • Investments and Wealth Management
  • Insurance Underwriting Services
  • PPP and Trading Platforms
  • Corporate Finance
  • Private Equity
We are the most reliable providers of loan, international project funding, bank guarantees, sblc, dlc and letters of credit. 


NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the lifeblood of our business and as a result we respect them, value them and appreciate them. Our brokers are paid 2% commission for every successful transaction they bring to us.  Here are a few of the many benefits of being a  Man Global Investments Ltd broker:

Real SBLC Providers, Standby Letter of Credit for lease, how to lease an sblc, Lease SBLC providers, lease sblc provider, leasing SBLC, sblc providers companies, Standby Letter of Credit, genuine Standby LC Providers
  • Professional Broker Support
  • Healthy Commissions Paid on every Deal
  • Be Direct to the client, NOT in a Broker Chains!
  • Earn between 1% to 2% Commission on Every Deal
  • Brokers are 100% Protected Against Possible Circumvention.
  • Wide Range of Financial Instruments, Bank Guarantee Programs and Client Funding Services
  • If you are interested to become our broker or company representative, kindly send us your resume via email for more information.

So if you want to be our broker or company representative kindly contact us via email for more information. 

 
facebook: Man Global Investments Ltd.
Skype: www.manglobalinvestments



Real SBLC Providers, Standby Letter of Credit for lease, how to lease an sblc, Lease SBLC providers, lease sblc provider, leasing SBLC, sblc providers companies, Standby Letter of Credit, genuine Standby LC Providers  

Real Bank Guarantee Provider

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Lease Bank Guarantee Provider, Bank Guarantee financing, Bank Guarantee funding, bank guarantee lease, real bank instrument providers, Financial SBLC provider, genuine bank guarantee provider, genuine bank instruments providers, largest bg providers, real bg provider

Dear Friends,

Man Global Investments Ltd (MGIL) is a legitimate Loan and Investments company that is legally registered to provide Standby Letter of Credit {SBLC}, Bank Guarantee {BG}, Business Loans, Project Financing and funding for all types of profitable projects locally and internationally. We also offer very flexible loan terms and our loan interest rate is just 3% per year.
 
Please see our instrument description and leasing procedure as follow.

DESCRIPTION OF INSTRUMENT:

1. Instrument:                Cash Backed Bank Guarantee {BG}
2. Total Face Value:       Eur/USD 1 Million (Min) to Eur/USD 50 Billion (Max)
3. Issuing Bank:            HSBC Hong Kong, Barclays Bank London, Citibank New York, Deutsch Bank Germany or any AAA Rated Bank.
4. Age:                         One Year and  One Day (with rolls and extensions where applicable)
5. Leasing Price:           4% of Face Value plus 2% brokers commission (Applicable only if there are brokers in the transaction)
6. Delivery:                    SWIFT MT-760
7. Payment:                  MT103  Wire Transfer
8. Hard Copy:                Bonded Courier within 7 banking days.

 
All our financial instruments are cash backed so it can be used to secure loans from banks and to bid & secure contracts. It can also be used for import/export transactions and most importantly these instruments can be invested into High Yield Trading Program or Private Placement Programme (PPP).


OUR SERVICES ARE:

  • Loans: (Personal Loans, Business Loans, Secured Loans, Unsecured Loans, International Project Financing etc)
  • Purchase Bank Instruments (Bank Guarantees and Standby Letter of Credit)
  • Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)
  • Letters of Credit (DLC, L/C, Usance LC)
  • Investments and Wealth Management
  • Insurance Underwriting Services
  • PPP and Trading Platforms
  • Corporate Finance
  • Private Equity

IMPORTANT NOTICE FOR INTERMEDIARIES AND BROKERS: New Brokers are 100% welcomed and protected. Our brokers are paid 2% commission on every transaction they bring to us. If you want to be our  broker or company representative kindly contact us through email for more information. Here are a few of the many benefits of being a  Man Global Investments Ltd broker:

Lease Bank Guarantee Provider, Bank Guarantee financing, Bank Guarantee funding, bank guarantee lease, real bank instrument providers, Financial SBLC provider, genuine bank guarantee provider, genuine bank instruments providers, largest bg providers, real bg provider
  • Professional Broker Support
  • Healthy Commissions Paid on every Deal
  • Be Direct to the client, NOT in a Broker Chains!
  • Earn between 1% to 2% Commission on Every Deal
  • Brokers are 100% Protected Against Possible Circumvention.
  • Wide Range of Financial Instruments, Bank Guarantee Programs and Client Funding Services
  • If you are interested to become our broker or company representative, kindly send us your resume via email for more information.


Lease Bank Guarantee Provider, Bank Guarantee financing, Bank Guarantee funding, bank guarantee lease, real bank instrument providers, Financial SBLC provider, genuine bank guarantee provider, genuine bank instruments providers, largest bg providers, real bg provider  

Real SBLC Providers

Posted on

Hello, Man Global Investments Ltd (MGIL) are Real SBLC Providers.

is a legitimate Loan and Investments company that is legally registered to provide Standby Letter of Credit {SBLC}, Bank Guarantee {BG}, Business Loans, Project Financing and funding for all types of profitable projects locally and internationally. We also offer very flexible loan terms and our loan interest rate is just 3% per year.

Real SBLC Providers, Standby Letter of Credit for lease, how to lease an sblc, Lease SBLC providers, lease sblc provider, leasing SBLC, sblc providers companies, Standby Letter of Credit, genuine Standby LC Providers

Description of Instruments:

1. Instrument:                Fully Cash Backed Standby Letter of Credit {SBLC} 
2. Total Face Value:       Eur/USD 1Million (Min) to Eur/USD 50 Billion (Max)
3. Issuing Bank:            HSBC London/Hong Kong, Barclays Bank London, Citibank New York, Deutsch Bank Germany or any AAA Rated Bank.
4. Age:                         One Year and  One Day (with rolls and extensions where applicable) 
5. Leasing Price:           4% of Face Value plus 2% brokers commission (Applicable only if there are brokers in the transaction)
6. Delivery:                    SWIFT MT-760
7. Payment:                  MT103  Swift Wire Transfer 
8. Hard Copy:                Bank Bonded Courier within 7 banking days.

Real SBLC Providers, Standby Letter of Credit for lease, how to lease an sblc, Lease SBLC providers, lease sblc provider, leasing SBLC, sblc providers companies, Standby Letter of Credit, genuine Standby LC Providers

OUR SERVICES ARE:

  • Loans: (Personal Loans, Business Loans, Secured Loans, Unsecured Loans, International Project Financing etc)
  • Purchase Bank Instruments (Bank Guarantees and Standby Letter of Credit)
  • Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)
  • Letters of Credit (DLC, L/C, Usance LC)
  • Investments and Wealth Management
  • Insurance Underwriting Services
  • PPP and Trading Platforms
  • Corporate Finance
  • Private Equity
We are the most reliable providers of loan, international project funding, bank guarantees, sblc, dlc and letters of credit. 


NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the lifeblood of our business and as a result we respect them, value them and appreciate them. Our brokers are paid 2% commission for every successful transaction they bring to us.  Here are a few of the many benefits of being a  Man Global Investments Ltd broker:

Real SBLC Providers, Standby Letter of Credit for lease, how to lease an sblc, Lease SBLC providers, lease sblc provider, leasing SBLC, sblc providers companies, Standby Letter of Credit, genuine Standby LC Providers
  • Professional Broker Support
  • Healthy Commissions Paid on every Deal
  • Be Direct to the client, NOT in a Broker Chains!
  • Earn between 1% to 2% Commission on Every Deal
  • Brokers are 100% Protected Against Possible Circumvention.
  • Wide Range of Financial Instruments, Bank Guarantee Programs and Client Funding Services
  • If you are interested to become our broker or company representative, kindly send us your resume via email for more information.

So if you want to be our broker or company representative kindly contact us via email for more information.

Skype: www.manglobalinvestments
Website: www.manvoeurninvestments.com
Email: simchea@manvoeurninvestments.com OR 



Real SBLC Providers, Standby Letter of Credit for lease, how to lease an sblc, Lease SBLC providers, lease sblc provider, leasing SBLC, sblc providers companies, Standby Letter of Credit, genuine Standby LC Providers  

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personal loans, international project funding, Fund My project, small business loan, business loan, loan lenders for people with bad credit

At  Man global investments LIMITED FINANCE COMPANY  we value your time and get straight to the point. Some companies will talk your ear off, we prefer to be solely focused on results. We have a large network of top prime AAA rated banks which gives us the unique ability to create outcomes others can’t. We have been in this industry since 43 years ago and that’s a clear proof that we are among the first companies that started issuance of bank financial instruments such as BG/SBLC/DLC/L/C’s.

When it comes to issuance, leasing, funding and monetization of any bank instrument, getting to the finish line is all that counts and that’s what we excel in at Man global investments FINANCE COMPANY LTD. We have been successfully closing deals for over 43 years, therefore, we can successfully do it for you.

Below are a few of the things that make us unique and different from other companies.

1. We Are a GENUINE Finance COMPANY That Is LEGALLY REGISTERED in Cambodia
2. BG/SBLC issued from Top 50 World Banks such as HSBC, Citi, Barclays, Credit Suisse, Deutsche Bank or any prime bank of choice.
3. We issue BG/SBLC in both USD or Euro Currencies, if you pay in USD we Issue in USD & if you Pay in Euro, we issue in Euro.
4. Your Privacy is our Priority, we DO NOT share your data or Business Transactions with third parties.
5. We are not BROKERS, We Are Direct Providers of Loans, Bank Instruments and Project Financiers.
6. No Legal Complaints, Lawsuits or Criminal Convictions against us in any Country till date.
7. Since 1973 till date No Customer has ever had a failed transaction with us.
8. Bank Instruments Delivered via MT760 Swift with Full Bank Responsibility
9. Brokers Always Welcomed & Protected against possible circumvention.
10. Bank Guarantees & SBLC in Standard Formats from Major Banks!
11. MT799 preadvice included in all BG/SBLC transactions.
12. Solutions for every customer & every industry.
13. We are straight to the point
14. No Stupid Bank Rules
15. No Credit Checks
Therefore, if you are looking for Lease/Rent Bank Guarantees, SBLC, DLC, L/C or loans and project funding then you have come to the right place. Kindly contact us today for all your financial needs.
NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission. Here are a few of the many benefits of being a MING FONG FINANCE COMPANY LIMITED broker:

Ming Fong Finance Company Bank Guarantee, BG, Standby Letter of Credit, SBLC, DLC, Lease BG, Direct SBLC Providers
  • Professional Broker Support
  • Healthy Commissions Paid on every Deal
  • Be Direct to the client, NOT in a Broker Chains!
  • Earn between 1% to 2% Commission on Every Deal
  • Brokers are 100% Protected Against Possible Circumvention.
  • Wide Range of Financial Instruments, Bank Guarantee Programs and Client Funding and Monetization Services
  • If you are interested to become our broker or company representative, kindly send us your resume via email for more information.

Posted on

Entering into a commercial or financial transaction always involves certain risks for the seller or the financier. The most serious risk is that of not being paid. There are many methods available to help ensure payment. One such method is through the use of a letter of credit.
The letter of credit substitutes the credit of a third party, usually a bank, for that of the buyer or debtor. In transactions in which a commercial letter of credit is used, the bank agrees to pay the seller for the goods sold, usually upon presentation of a document stating that the goods have been received by the buyer. In transactions in which a standby letter of credit is used, the bank agrees to pay the financier if the debtor defaults upon his obligation to pay. In both cases, the seller or financier is assured of payment, provided the conditions of the letter of credit are satisfied. Upon payment by the bank, the buyer or debtor is obligated to reimburse the bank.

Three legal relationships exist in a letter of credit transaction. First is the contractual relationship between the seller and buyer or the financier and debtor evidenced by a contract for the sale of goods or a contract to lend money. The underlying contract, in addition to creating an obligation of payment or performance, requires the buyer or debtor to arrange for a bank (the issuer) to issue a letter of credit to the seller or financier (the beneficiary). Second is the contractual relationship between the bank and the buyer or debtor (the bank’s customer). The customer arranges for the bank to issue the letter of credit in favor of the beneficiary, and the customer agrees to pay the bank for the amounts paid under the letter of credit. Third is the relationship between the issuer and the beneficiary. This relationship is evidenced by the letter of credit. In most cases, Article Five of the Uniform Commercial Code (UCC) governs the use and interpretation of letters of credit. The UCC defines a letter of credit as “an engagement by a bank or other person made at the request of a customer that the issuer will honor drafts or other demands for payment upon compliance with the conditions specified in the letter of credit. There is no particular form required for a letter of credit other than that it must be in writing and signed by the issuer. No consideration is necessary.

These three relationships are separate and distinct. The letter of credit is independent from the underlying business transaction between the bank’s customer and the beneficiary of the letter of credit. This independence from the underlying contract creates a primary obligation on the part of the bank to the beneficiary and is the key to the utility of a letter of credit. The bank’s obligation to honor the letter of credit is not conditioned upon performance or nonperformance of the underlying contract. Instead, the bank’s only obligation is to determine whether the drafts or demands for payment made by the beneficiary comply with the conditions specified in the letter of credit.

If the letter of credit requires presentation of documents for payment, then the bank must examine the documents with care to ascertain whether, on their face, they appear to comply with the terms of the letter of credit. If the conditions specified in the letter of credit have been satisfied, the bank must pay the beneficiary unless a required document is forged or fraudulent, or there is fraud in the transaction. If the fraud or forgery is not apparent on the face of the document, the bank may not refuse payment even if notified by its customer that there has been a fraud or a forgery committed. A court may, however, enjoin payment in such a case.

Upon payment of the letter of credit by the bank, the customer has no cause of action against the bank for improperly honoring the demand for payment unless the bank accepted noncomplying documents and did not use care and good faith in examining them. When the beneficiary makes a demand for payment of the letter of credit, he warrants to all interested parties that the necessary conditions of the letter of credit have been satisfied. If the beneficiary has made an improper demand for payment and did in fact receive payment, then the customer has a cause of action against the beneficiary for breach of this warranty.

 

Skype: www.manglobalinvestme
NOTICE: Brokers are 100% welcomed and protected. Our brokers are paid handsome commission for every successful transaction. If you want to be our broker or company representative kindly send us email for more information.

We are providers of loan, project finance, BG, SBLC, DLC

Posted on

Inline image 1

Dear Sir,Ma
We are direct providers of Loan, Project Finance, freshly cut Bank
Guarantee (BG), Standby Letter of Credit (SBLC), DLC. We give both
secured loans and unsecured loans and our interest rate is 3% per
year.
We are also looking for agents or company representatives, so if you
don’t need loan you can be our agent or company representative. You
will be paid 1% commission on every business you bring to us. For
instance, if you bring a customer to us and the customer receives a 1
Million Dollar loan from us then we will pay you 1% of 1 Million
Dollars which is: 10 000 U.S. dollars. So If you would like to work
part time for our company kindly send us your names, age, nationality
and phone number for validation.
For more information kindly contact us with the below contact
details…