Please note that we currently do not have instruments for sale or purchase. All our BG/SBLC are specifically for LEASE.
Below is our Leased BG/SBLC Procedures:
Deed of Agreement (DOA) signing by both parties
Lessor issue invoice & Notarized Corporate Refund Recourse Undertaking for Lessee to pay bank transmission fee
Lessee will send Bank transmission charges (*Within 3 days after receiving invoice)
Lessor delivers MT799/760 & Hardcopy
Lessee pays Leasing Fee & Commission ( 2%) (Within 21 days)
Deed of Agreement (DOA) signing by both parties
Lessor issue invoice & Notarized Corporate Refund Recourse Undertaking for Lessee to pay bank transmission fee
Lessee will send Bank transmission charges (*Within 3 days after receiving invoice)
Lessor delivers MT799/760 & Hardcopy
Lessee pays Leasing Fee & Commission ( 2%) (Within 21 days)
Description of Instruments:
1. Instrument: Fully Cash Backed Bank Guarantee {BG} / 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, Deutsche 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.
1. Instrument: Fully Cash Backed Bank Guarantee {BG} / 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, Deutsche 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.
9. Bank Transmission Fee: DEPENDS ON THE FACE VALUE OF THE INSTRUMENT.
All our BG/SBLC are issued from prime banks, so they can be monetized or used for trade financing, import and export transactions etc
.
Best Regards,