The answer to the above question is YES, but firstly, we need to understand how SBLC and/or BG works.
I won’t be giving too much explanation in this article as I have already given in-depth information with regards to SBLC and BG in previous articles about monetization of bank financial instruments. For the benefit of this article though I will give a basic and guided explanation.
Standby Letter Of Credit (SBLC) is used as Payment Guarantee.
e.g. A Buyer in the USA secured a contract for the supply of fuel with a Seller from Germany (Cross Country). Assuming the contract runs for (one) year, and the relationship between both parties has been secured, to provide a guarantee to the Seller, the Buyer then goes ahead and opens/issues an SBLC to Seller ( we can refer to this as a Stand-By).
Upon receiving the SBLC, the Seller now has the option to request to have the SBLC serve as a collateral in the Seller’s Bank toward securing a Bank Loan Facility.
These days it can be quite difficult for banks to provide such loan credit facility based on an SBLC but it often happens. Individual Banks have their ways of deciding. When and If the Bank does approve, the Seller goes ahead and signs an agreement with the Bank. The Seller can then go ahead and drawdown from its loan credit facility to facilitate all processes leading to the fulfilment of his/her contract with the Buyer.
Bank Guarantee (BG) isn’t used for Payment Guarantee, It is for a Performance Guarantee.
e.g. The Contract above, based on the SBLC received, requires the Seller to open a Performance Bond, usually only a maximum of 10% from the Payment Guarantee value above. This Performance Bond is claimable when the Seller has made a “default”. If not, then it is returned by Buyer to Seller, upon the agreed condition(s). The Performance Bond instrument is BG.
CLICK HERE To Learn How To Find Genuine Bank Guarantee (BG) Providers
Now, let’s define and make a clarification with regards to the term
“Monetize Bank Financial Instruments”.
Monetization refers to the process of making money out of the Bank Instrument (SBLC/BG) after a process of heavy and long reviews/analysis/scoring by the Bank. It can be quite a long process and discouraging that is why you might require the expertise of a Financial Expert such as the professions at Grand City Investment Limited. The only way to monetize the SBLC by going through this process, no other way, so talking to an expert, and one with years experience is paramount.
Now, back to the question “Can, You Monetize a Bank Instrument such as SBLC or BG?”.
Standby Letter Of Credit (SBLC): Yes, we can monetize SBLC. But it is a very discrete process. Only a well-represented client, with experts such as those from Grand City Investment Limited, can receive loan credit facility based on SBLC as collateral.
Banks would rather deal with clients that have been introduced by seasoned financial services providers whom they have dealt with for years when it comes to Monetization of an SBLC.
Bank Guarantee (BG): is not a Payment Guarantee. It is a Performance Guarantee and only claimable based on default(s) agreed. If none, then the BG can not be claimed.
If you are seriously considering obtaining an SBLC, BG or any other bank financial instrument and looking to further monetize them, then please get in contact with Grand City Investment Limited and start your process the smart way.
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Reliable Provider for BG/SBLC(Bank Guarantee/Standby Letter of Credit)
Have you been turned down by your bank due to bad credit or a businessman or an organization that wishes to expand in business ? We are a Finance industry professionals with over 16 Years Experience. We help individuals and companies to obtain funds for business expanding and to setup a new business at affordable interest rate from a genuine provider with Monetization and Recourse Funding from some of the World Top 25 Prime Banks primarily from Barclays, Deutsche Bank, HSBC, Credit Suisse etc. You are at liberty to engage our leased facilities into trade programs as well as in signatory project(s) such as Aviation, Agriculture, Petroleum, Telecommunication and any other project(s) etc.
With our financial/bank instrument you can establish line of credit with your bank and/or secure loan for your projects in which our bank instrument will serve as collateral in your bank to fund your project.
We deliver with time and precision as set forth in the agreement. Our terms and Conditions are reasonable and we work directly with issuing bank lease providers, this instrument can be monetized on your behalf for upto 100% funding.
We are also dedicated to offering financial and business Advice as well as projects funding, offering instruments for supplies, delivering instruments for trade finance and we give service to a wide customer base in Europe, Asia, North & South America
Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.
All relevant business information will be provided upon request and reply will be given as fast as possible.
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FOR MORE INFO CONTACT VIA EMAIL:trustfinancialplc.01@gmail.com
Reliable Provider for BG/SBLC(Bank Guarantee/Standby Letter of Credit)
Have you been turned down by your bank due to bad credit or a businessman or an organization that wishes to expand in business ? We are a Finance industry professionals with over 16 Years Experience. We help individuals and companies to obtain funds for business expanding and to setup a new business at affordable interest rate from a genuine provider with Monetization and Recourse Funding from some of the World Top 25 Prime Banks primarily from Barclays, Deutsche Bank, HSBC, Credit Suisse etc. You are at liberty to engage our leased facilities into trade programs as well as in signatory project(s) such as Aviation, Agriculture, Petroleum, Telecommunication and any other project(s) etc.
With our financial/bank instrument you can establish line of credit with your bank and/or secure loan for your projects in which our bank instrument will serve as collateral in your bank to fund your project.
We deliver with time and precision as set forth in the agreement. Our terms and Conditions are reasonable and we work directly with issuing bank lease providers, this instrument can be monetized on your behalf for upto 100% funding.
We are also dedicated to offering financial and business Advice as well as projects funding, offering instruments for supplies, delivering instruments for trade finance and we give service to a wide customer base in Europe, Asia, North & South America
Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.
All relevant business information will be provided upon request and reply will be given as fast as possible.
WITH NO UPFRONT FEE
BROKERS ARE WELCOME WITH 100% PROTECTION
FOR MORE INFO CONTACT VIA EMAIL:trustfinancialplc.01@gmail.com
We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed. We will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively. Skype: cid.b3366963fa91faf3 E :poncofrancesco@gmail.com Phone: +44 7440 070916 Whatsapp: +44 7440 070916
We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed. We will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively. Skype: cid.b3366963fa91faf3 E :poncofrancesco@gmail.com Whatsapp: +44 7440 070916