Business Loans

THE STANDBY LETTER OF CREDIT: WHAT IT IS AND HOW TO USE IT

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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

IMPORTANT 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.

Skype: www.manglobalinvestments

TOP 15 REASONS WHY MAN GLOBAL INVESTMENTS IS THE MOST RELIABLE PROVIDERS OF BG, LC, DLC, SBLC, LOANS & PROJECT FINANCE

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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  since 1973-07-05, THAT IS 43 YEARS AND COUNTING.
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.

Personal Loans, Business Loans, Secured Loans, Unsecured Loans, International Project Financing etc)

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Man Global Investment Ltd is a leading financial services provider that is headquartered in Cambodia to provide personal loan, business loan, SME loan, investment loan, project financing, bank guarantees, SBLCs, letters of credit and funding for all kinds of viable projects locally and internationally.
 
All our Bank Instruments come from Top Prime AAA rated banks such as Citibank New York, HSBC Hong Kong or London, Barclays bank London, Standard Chartered Bank London/Dubai/Hong Kong, UBS Switzerland, Welsfargo, Bank of America, Deusche Bank etc. We can help you to obtain financing for your business or projects, activate credit line, Issue & provide Letters of credit, BG or SBLC for you, provide loans against financial instruments, and monetize financial instruments.
 
sewa bank garansi, penyedia bank garansi asli, surat atas penyedia kredit, sewa SBLC, Standby Letter of Credit penyedia, penyedia SBLC atas, sewa penyedia SBLC bg, HSBC bank garansi
 
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
    
Skype: www.manglobalinvestments

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

Posted on

Inline image 1

Dear Sir,
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…

We are also direct providers of bank financial instruments such as Bank Guarantees (BG), Standby Letters of Credit (SBLC), DLC and Letters of Credit. Our Bank Instruments are issued by top prime banks such as HSBC London or Hong Kong, BarclayS bank London, Citi Bank New York, Standard Chartered, Deutsche Bank, UBS Zurich, Switzerland or any bank of your choice.

Posted on

Inline image 1

Dear Sir,
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…

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

Posted on

Inline image 1

Dear Sir,
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…

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

Posted on

Inline image 1

Dear Sir,
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…

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

Posted on

Inline image 1

Dear Sir,
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…

We Are a GENUINE Finance COMPANY That Is LEGALLY REGISTERED in Cambodia One of our main businesses is to open Bank Guarantees and Standby Letter of Credit as well as other Financial and Banking Instruments. We issue our Bank Guarantees and Standby Letter of Credit for Lease. We can open Documentary / Deffered / Letters of Credit and Guarantees (Bank, Bid or Performance).

Posted on

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  since 1973-07-05, THAT IS 43 YEARS AND COUNTING.
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.

Standby Letter of Credit, Personal Loan, Business Loan, SME Loan, Fund My Project

Posted on

 
 
Man Global Investment Ltd is a leading financial services provider that is headquartered in Cambodia to provide personal loan, business loan, SME loan, investment loan, project financing, bank guarantees, SBLCs, letters of credit and funding for all kinds of viable projects locally and internationally.
 
All our Bank Instruments come from Top Prime AAA rated banks such as Citibank New York, HSBC Hong Kong or London, Barclays bank London, Standard Chartered Bank London/Dubai/Hong Kong, UBS Switzerland, Welsfargo, Bank of America, Deusche Bank etc. We can help you to obtain financing for your business or projects, activate credit line, Issue & provide Letters of credit, BG or SBLC for you, provide loans against financial instruments, and monetize financial instruments.
 
sewa bank garansi, penyedia bank garansi asli, surat atas penyedia kredit, sewa SBLC, Standby Letter of Credit penyedia, penyedia SBLC atas, sewa penyedia SBLC bg, HSBC bank garansi
 
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
    
Skype: www.manglobalinvestments