PROJECT FINANCING | TRADE FINANCING | PPP TRADE | SBLC | MTN | MONETIZING
**Seven Bank-to-Bank steps to close Standby Letter Of Credit (SBLC)/ Bank Guarantee (BG) delivery process (Lease):
NOTE REGARDING POF: Although this request for Proof Of Fund (POF) is not a part of the provider’s DOA, before we do a submission, however, we need to receive from the Lessee a recent POF (be it cash funds and or credit line with available balance) so we can at least verify on a preliminary basis the client’s financial capability to transact at least the first tranche. If needed this document can be sanitized to protect the client’s info but it needs to show the bank/location that issued it and the cash funds or credit line available balance. We have had situations the the past which principle(s) complete and sign the DOA and the buyer/ Lessee (window shoppers for provider's info) does not send the Swift POF as per DOA procedure.
GENERAL INFORMATION ABOUT LEASED SBLC:
Standby Letter of Credit (SBLC) can be leased. Leasing an SBLC involves a financial institution (usually a provider or issuer) making the SBLC available to a lessee (usually a borrower) for a specific period, typically against the payment of fees. The lessee can then use the SBLC as a financial instrument to secure credit or fulfill certain contractual obligations.
Here is a general procedure for leasing an SBLC:
Advantages of Leasing an SBLC:
Disadvantages of Leasing an SBLC:
It's important for parties involved in SBLC leasing transactions to seek legal and financial advice to navigate the complexities and ensure that the transaction meets their specific needs and requirements.
We do not accept SBLC applications from either brokers or intermediaries. All SBLC/BG applicants are first required to engage us as their sole and exclusive SBLC FACILITATOR for obtaining SBLC/BG through us. Our services are no longer free and clients seeking SBLC/BG need to pay for the Compliance we undertake once CIS/KYC form is received by us. This also helps us keep myriad of joker brokers who have absolutely no knowledge of how things work in this industry.
Trade Financing by Maximuch Capital LLC