SBLC leasing terms

TERMS AND PROCEDURES FOR BG, SBLC, DLC

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We are DIRECT providers of Bank Guarantees, SBLC, DLC, Letters of Credit, MTN, Usance LC etc.
Description of Instruments:1. Instrument:              Bank Guarantee (BG) /StandBy Letter of Credit (SBLC)
2. Total Face Value:      Eur/USD 1Million (Min) to Eur/USD 5Billion (Max)
3. Issuing Bank:            Barclays Bank London, HSBC Bank London, Lloyds TSB, Deutsch Bank AG,  Frankfurt  or any AA Rated Bank.
4. Age:                        One Year and  One Day
5. Leasing Price:           4% of Face Value plus 2% brokers commission (only if there is a broker involved in the transaction)
6. Delivery:                   Bank-To-Bank Swift.
7. Payment:                  Wire Transfer
8. Hard Copy:                Bonded Courier within 7 banking days.

PROCEDURE:
1. Both parties (Lessor and Lessee) execute, sign and initiate the Deed of Agreement, which thereby automatically becomes a full commercial recourse contract.

2. Within 1 day after Both parties sign the Agreement, Lessor will issue a Notarized signed and sealed Corporate Refund Recourse Undertaking to the Lessee guarantying to refund Lessee all the cost incurred by lessee for the bank transmission charges (For swift MT760 BG/SBLC or Pre-advice MT799 or both as the case may be) after due execution of the contract.

3. Within 3 working days after Lessee receives Lessor’s signed and sealed Corporate Refund Recourse Undertaking, Lessee will make payment by wire transfer into the Lessor’s bank  account for the bank transmission charges for the BG/SBLC MT760 swift transmission or Pre-advice MT799 swift transmission or both.

4. Within Three (3) banking days after confirmation of receipt of payment of the bank transmission charges for the BG/SBLC MT760 swift in Lessor’s bank account, the Lessor will deliver the BG/SBLC via bank confirmation of swift BG/SBLC MT760 to the Lessee’s banker including the hard copy of the BG/SBLC via bank bonded courier in
Seven (7) banking days.

5. Lessee pays Lessor the leasing fee and the brokers their commission fees not later than 21 banking days after the BG/SBLC hard copy is received and confirmed at lessee’s bank. Should Lessee default to pay the leasing fees to the Lessor and the brokers commission fees as agreed after 21 banking days of confirmation of BG/SBLC MT760 in lessee’s bank account, Lessor will instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Lessee’s bankers to return the BG/SBLC MT760 to the issuing Bank.

6. Any unauthorized calls or communication to bank (s) by any party or their representatives  transaction is highly prohibited and can result to contract termination.
7. The bank transmission fee depends on the face value of the BG. Tell us the face value of your required BG / SBLC and we will tell you the cost.
For more information please contact us by email…
 
Skype: www.manglobalinvestments
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MONETIZATION PROGRAM FOR LEASED AND OWNED INSTRUMENTS

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How to Obtain a Standby Letter of Credit

Obtaining a standby letter of credit is similar to obtaining a commercial loan, though with a few key differences. As with any business loan, you will need to provide proof of your creditworthiness to the bank.

Unlike a loan, the process for approval for a SBLC is much quicker, with letters often being issued within a week of all paperwork being submitted. Also unlike traditional loans, the bank will require a fee of between one and ten percent of the SBLC amount before issuing the letter. This fee is usually charged per year that the letter of credit is in effect. If the terms of the contract are fulfilled early, you can cancel the SBLC and not incur additional charges.

For small business owners, the standby letter of credit can be a powerful tool for establishing trust with suppliers and vendors. Obtaining an SBLC is proof that you and your company have good credit, and can put many suppliers at ease about providing you favorable financing terms. Furnishing a financial SBLC can often allow you to negotiate payment and financing terms with suppliers from a position of strength in order to get the best interest rates and payment schedule, while maintaining a good relationship with your suppliers.

If you provide services, on the other hand, offering to furnish performance standby letters of credit can be extremely useful to helping your business secure large contracts. Putting your clients at ease by being willing to guarantee your work financially can overcome many of the objections business owners face in the selling process.

Skype: www.manglobalinvestme

How to get a Standby Letter of Credit (SBLC, LC)

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How to Obtain a Standby Letter of Credit

Obtaining a standby letter of credit is similar to obtaining a commercial loan, though with a few key differences. As with any business loan, you will need to provide proof of your creditworthiness to the bank.

Unlike a loan, the process for approval for a SBLC is much quicker, with letters often being issued within a week of all paperwork being submitted. Also unlike traditional loans, the bank will require a fee of between one and ten percent of the SBLC amount before issuing the letter. This fee is usually charged per year that the letter of credit is in effect. If the terms of the contract are fulfilled early, you can cancel the SBLC and not incur additional charges.

For small business owners, the standby letter of credit can be a powerful tool for establishing trust with suppliers and vendors. Obtaining an SBLC is proof that you and your company have good credit, and can put many suppliers at ease about providing you favorable financing terms. Furnishing a financial SBLC can often allow you to negotiate payment and financing terms with suppliers from a position of strength in order to get the best interest rates and payment schedule, while maintaining a good relationship with your suppliers.

If you provide services, on the other hand, offering to furnish performance standby letters of credit can be extremely useful to helping your business secure large contracts. Putting your clients at ease by being willing to guarantee your work financially can overcome many of the objections business owners face in the selling process.

 

Skype: www.manglobalinvestments

MONETIZATION PROGRAM FOR LEASED AND OWNED INSTRUMENTS

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Introducing a Special Non-Recourse Monetization Program for Leased and Owned Instruments from most world Banks including Low Rated and Non Rated Banks. This program will provide a 35 % LTV non-recourse monetization for Bank Guarantees and Stand  By Letters of Credit that CAN/MUST be delivered by MT-760.

We have found that the two biggest challenges to the completion of a successful transaction are as follows:

1. Fraudulent Instrument Providers- The number of scam artists and fraudsters that purport to be legitimate Instrument Providers is currently at epic proportions. As a result of this, many well meaning and good faith clients have lost considerable monies to these phony Instrument Providers.

One main scheme of fake providers is to assert to their clients and to the monetizer that they, in fact, did send out a Swift (MT-799 and/or MT-760) when no swift was ever received by the Monetizer’s receiving Bank. This has caused untold delays in ascertaining whether the Swift was ever sent as a detailed search is usually undertaken to find this ‘missing’ Swift. Finally, after a lengthy effort, it is revealed that No Swift was ever sent and the client is left with no instrument and often times, at least Several Hundred Thousand Dollars poorer. In addition, the monetizer’s own relationship at their receiving Bank is damaged due to the fact that the monetizer was working with a Fraudulent Instrument.

As a result of this epidemic of fraudulent instruments, a procedure that our monetizer has put in place requires direct e-mail Banker to banker communication from the Instrument Provider’s Sending Bank’s bank officer to the Receiving Bank’s bank officer stating that the Sending Bank is RWA to issue a BG or SBLC by MT-760. The Bank Officer at the receiving Bank will reply by e-mail that they are RWA to receive the instrument. All e-mail communications must be done on a Banker-to-Banker basis using Bank e-mail addresses. In addition, the Bank contact phone number of the Sending Banker is obtained and the e-mail addresses and Sending Bank Officer’s phone number are validated by calling the Sending Bank’s main number.

For Fresh Cut Instruments we also ask the client to provide a copy of their contract with their Instrument Provider so that we can check the Instrument Provider in our ever growing data base to review any previous experience we have had with this Instrument Provider.

Our experience has been that when an Instrument Provider or client is unable to unwilling to follow this procedure, the likelihood of the instrument being fraudulent is very high and we will immediately pass on the file.

2. Banks inability to send a MT-760; As our program will monetize instruments from Low Rated as well as Non-Rated Banks, we have had extensive experience in monetizing instruments from all kinds of Banks. A main problem that we have faced is the issue of the Sending Bank’s inability to actually send a correct and proper MT-760 to the receiving Bank. This problem has often occurred when a Smaller Sending Bank is using a correspondent Bank to deliver the MT- 760.

As a result, we have developed our own data base of Banks and our past experience with a specific Bank will determine our appetite to receive more paper from a particular institution.

Many people refer to this as sblc funding or sblc financing since you are essentially obtaining cash on the basis of the sblc or bank guarantee. This process allows you to:

Monetize instruments for cash
Monetize instruments for buy/sell platform entry
Monetize instruments for both cash and buy/sell platform entry

SBLC Monetising Program Highlights

-$50 Million to $10 Billion USD
-The letter must be from an A or AA rated bank.
-Must contain the following 5 phrases: ”Irrevocable”, “divisible”, “transferable”, “assignable” and “unrestricted”.
-1-3 year term
-Interest only loan
-5-8 day closing
-85-97% of face value advance

SBLC/BG $10-50 Million Program Highlights

-The letter must be from an A or AA rated bank.
-Must contain the following 5 phrases: ”Irrevocable”, “divisible”, “transferable”, “assignable” and “unrestricted”.
-1-3 year term
-Interest only loan
-5-8 day closing
-85-97% of face value advance

Case Study-SBLC Monetising or SBLC Monetisation:

If you have a bank guarantee or sblc we can help. In this case study the client needs $50M – $500M to secure the purchase of land needed for a project, real estate project, purchasing of hotel etc. Client has a Cash Backed SBLC from a top 25 bank, an AA rated bank, or EU major bank. Client submits SBLC for monetisation and gets 85% – 97% of the SBLC’s face value.

TERMS AND PROCEDURES FOR BG, SBLC, DLC

Posted on

We are DIRECT providers of Bank Guarantees, SBLC, DLC, Letters of Credit, MTN, Usance LC etc.
Description of Instruments:1. Instrument:              Bank Guarantee (BG) /StandBy Letter of Credit (SBLC)
2. Total Face Value:      Eur/USD 1Million (Min) to Eur/USD 5Billion (Max)
3. Issuing Bank:            Barclays Bank London, HSBC Bank London, Lloyds TSB, Deutsch Bank AG,  Frankfurt  or any AA Rated Bank.
4. Age:                        One Year and  One Day
5. Leasing Price:           4% of Face Value plus 2% brokers commission (only if there is a broker involved in the transaction)
6. Delivery:                   Bank-To-Bank Swift.
7. Payment:                  Wire Transfer
8. Hard Copy:                Bonded Courier within 7 banking days.

PROCEDURE:
1. Both parties (Lessor and Lessee) execute, sign and initiate the Deed of Agreement, which thereby automatically becomes a full commercial recourse contract.

2. Within 1 day after Both parties sign the Agreement, Lessor will issue a Notarized signed and sealed Corporate Refund Recourse Undertaking to the Lessee guarantying to refund Lessee all the cost incurred by lessee for the bank transmission charges (For swift MT760 BG/SBLC or Pre-advice MT799 or both as the case may be) after due execution of the contract.

3. Within 3 working days after Lessee receives Lessor’s signed and sealed Corporate Refund Recourse Undertaking, Lessee will make payment by wire transfer into the Lessor’s bank  account for the bank transmission charges for the BG/SBLC MT760 swift transmission or Pre-advice MT799 swift transmission or both.

4. Within Three (3) banking days after confirmation of receipt of payment of the bank transmission charges for the BG/SBLC MT760 swift in Lessor’s bank account, the Lessor will deliver the BG/SBLC via bank confirmation of swift BG/SBLC MT760 to the Lessee’s banker including the hard copy of the BG/SBLC via bank bonded courier in
Seven (7) banking days.

5. Lessee pays Lessor the leasing fee and the brokers their commission fees not later than 21 banking days after the BG/SBLC hard copy is received and confirmed at lessee’s bank. Should Lessee default to pay the leasing fees to the Lessor and the brokers commission fees as agreed after 21 banking days of confirmation of BG/SBLC MT760 in lessee’s bank account, Lessor will instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Lessee’s bankers to return the BG/SBLC MT760 to the issuing Bank.

6. Any unauthorized calls or communication to bank (s) by any party or their representatives  transaction is highly prohibited and can result to contract termination.
7. The bank transmission fee depends on the face value of the BG. Tell us the face value of your required BG / SBLC and we will tell you the cost.
For more information please contact us by email…
Skype: www.manglobalinvestments

SWIFT MT103 (One Way, Two Ways)

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A standard SWIFT MT103 (Single Customer Credit Transfer) is a general use message of a TT payment instruction which is an unconditional payment.

I would like to confirm that there is no MT103/23 Conditional, but MT103 (usually with Field 23B – bank operation – mandatory codeword CRED), Field 23E – Instruction Code – is where the remitting bank (at the request of the remitter) puts in instructions code instructing the beneficiary’s bank how to effect the payment.

MT 103 in Field 23E specifies an instruction which must contain barely one of the following SWIFT – STP (Straight Through Processing)– Optional/Conditional – just four digits SWIFT -STP accepted codeword:
SDVA: Payment must be executed with same day value to the beneficiary.
INTC: The payment is an intra-company payment, i.e., a payment between two companies belonging to the same group.
REPA: Payment has a related e-Payments reference.
CORT Payment is made in settlement of a trade, e.g., foreign exchange deal, securities transaction.
BONL: Payment is to be made to the beneficiary customer only.
HOLD: Beneficiary customer/claimant will call; pay upon identification.
CHQB: Pay beneficiary customer only by cheque. The optional account number line in field 59 must not be used.
PHOB: Please advise/contact beneficiary/claimant by phone.
TELB: Please advise/contact beneficiary/claimant by the most efficient means of telecommunication.
PHON: Please advise account with institution by phone.
TELE: Please advise account with institution by the most efficient means of telecommunication.
PHOI: Please advise the intermediary institution by phone.
TELI: Please advise the intermediary institution by the most efficient means of telecommunication
…. A so called “MT103/23 conditional payment” is a format which would not be recognized by banks.
You cannot send an MT103 with a condition that the beneficiary’s bank must receive, say presentation – evidencing of certain advisable documents detailed in Field 23E – from the beneficiary before crediting his account.
Such any other message (except merely SWIFT – STP four digits codes) stated by Field 23E will be rejected by the remitting bank, and if sent in Field 23 (which allows for only a few standard codes described above) will be rejected and ignored by the beneficiary’s bank who will credit the beneficiary’s account anyway.
It must be understood that other such messages are not governed by any ICC or SWIFT – STP provisions, and the manual intervention required under the “CONDITIONAL PAYMENT” flag would affect the “Straight Through Processing” (STP) function of the SWIFT MT103 message.
It is unlikely that the – SWIFT payment department – of a bank would wish to involve itself in an area for which it is not qualified, in determining the integrity of the underlying documents, and thereby lift the condition to pay the recipient.
Now for those who request a MT 103/23 , send it to me and see if it works! stop the madness already! Its not easy educating uninformed customers.
Man Global Investments are genuine and reliable providers of loan, international project funders, Lease bank guarantee providers & providers of sblc, dlc and letters of credit.  Others Talk, but Man Global Investments Delivers. So its time you became a customer of Man Global Investments Ltd so you can feel the difference.
Kindly contact us today for all your financial needs.
Skype: www.manglobalinvestments
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.
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