Tags
BALANCE SHEET, BANK GUARANTEE, BG, DEPOSIT, Escrow.com, PPP, PRIVATE TRADE, PROOF OF FUNDS, SBLC, STANDBY LETTER OF CREDIT
BANK GUARANTEES, STAND BY LETTERS OF CREDIT
for International Trade Settlement,
Balance Sheet Credit Enhancement and Collateral for Project Funding
Bank Instruments such as Bank Guarantees and Standby Letters of Credits are available privately for settlement of International Trade Transactions, Balance Sheet Credit Enhancement and Collateral for Project Funding.
Providers with specific banking relationship with the Top Western European and Prime World Banks make these assets available to clients to borrow/lease for a fee based on contract size/face value and term of usage.
PAYORDER FOR LEASE BG/SBLC
-No fees or costs until receiving bank confirms.
-Sample ICBPO Upon Request
-Current Banks: Deutsche Bank and Credit Suisse
-Min size: $10 million. No max. (Over $100 million preferred)
-Total Cost: 12% inclusive.
-California Provider. Transparent after approval of docs
GENERAL PROCESS –
1. Borrower to provide:
-CIS
-Passport
-Corporate Certification
-Summary of Transaction (what bank instrument will be used for)
– Bank Statement Proof of Funds for 12% of face value or
Banker Signed Comfort Letter Proof of Capability for 12% of face value.
– Buyer’s Banker’s letter and approval of provider’s ICBPO verbiage for bank fees and broker fees with statement banker is RWA to send ICBPO.
– Buyers receiving banker may include MT760 verbiage.
2. After approved compliance of funds and client file by Investor/Provider bankers, Provider will send service agreement – Sample available.
3. Investor/Provider contract is issued with investor’s bank coordinates.
3. Client prompts his banker to Swift ICBPO for:
-A To Investor/Provider
-B To Consultant’s New York Attorney Paymaster
4. Bankers coordinate the MT760 delivery
5. Funds are released upon receipt and satisfaction of receiving bank.
NOTES: Proof of Funds required with documents. No exceptions.
Clients trying to use Provider’s instrument to activate a credit line to pay for the instrument does not work. Provider cannot initiate an MT799 from Provider side to get the pay order started.
Related articles
- Close a Deal By Suggesting Financing Options (elliotsblog.com)
- Property Value Declines Prompt Lenders To Renegotiate and Extend Balloon Payment Loans (prweb.com)
- DHT Holdings, Inc. Reports Profitable First Quarter and Strengthened Balance Sheet (sys-con.com)