Standby Letter of Credit (SBLC) for 25 million or more from any one of the top banks like HSBC UK, Deutsche Bank Germany, RBS London, or Barclays UK are all acceptable for monetization.

SBLCs, BGs and BANK DRAFTS must be issued in the NAME OF THE MONETIZER. All bank instruments issued in the name of the client or any other third party cannot be monetized unless these are re-issued in favour of the designated bank account of the monetizer.

The client submits KYC / current dated BCL or RWA signed by two bank officers with their pin codes. The name of the monetizer and the information for monetizers bank will be provided only after the client submits their KYC and RWA letter that is accepted / approved.

IF THE STANDBY LETTER OF CREDIT (SBLC) IS ALREADY ISSUED:

The Client will send copies of original SBLC and also an ATV to verify on Bank to Bank basis. The SBLC owner must be willing to re-assign the bank instrument in favour of the monetizer backed by MT760.

IF THE STANDBY LETTER OF CREDIT (SBLC) IS NOT YET ISSUED:

If the SBLC is not issued, the client will arrange to send a RWA letter from the SBLC issuing bank with his KYC forms. After the positive verification of the Bank RWA letter, the client’s SBLC issuing bank will send a free message MT799 to the designated bank of the monetizer as per desired verbiage. We will need a free message MT799 direct from the issuing bank sent to our designated bank confirming that it is RWA to issue MT760 within the next 2 to 3 days.

After execution of the Standby Letter of Credit monetization contract by both parties the Client will instruct his bank to send SWIFT MT799 to the bank coordinates provided by the monetizer.

The monetizers bank on receipt of the SWIFT MT799 from the client’s bank will reply with a SWIFT MT799.

On receipt of the monetizers bank SWIFT MT799 the Clients bank will deliver the Standby Letter of Credit (SBLC) by SWIFT MT760 to the monetizers bank.

Upon receipt, confirmation and delivery of the SWIFT MT760 the Standby Letter of Credit monetizer will within maximum four (4) banking days grant a Non-Recourse Loan for the LTV as agreed from its nominated bank to the Client.

The Standby Letter of Credit monetizer agrees to return the Standby Letter of Credit (SBLC) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.

After execution of the Standby Letter of Credit monetization contract by both parties the Client will instruct his bank to assign the Standby Letter of Credit (SBLC) using FREE Euroclear Delivery to the bank coordinates provided by the monetizer.

The Clients Banker shall immediately email a certified Euroclear execution receipt of the Standby Letter of Credit (SBLC) delivery to the monetizer.

Upon receipt and confirmation of the Euroclear assignment and delivery, the Standby Letter of Credit monetizer will within maximum three (3) banking days grant a Non-Recourse Loan for the LTV as agreed from its nominated bank to the Client.

The monetizer agrees to return the Standby Letter of Credit (SBLC) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.

The Standby Letter of Credit monetizer agrees to return the Standby Letter of Credit (SBLC) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.