BG-SBLC-MTN MONETIZATION
NON-RECOURSE LOAN
In order to monetize a Bank Instrument you must be in possession of the instrument and it must be paid in full prior to requesting to monetizing the Instrument.
In all cases, the Bank Collateral must be available to be delivered via MT799 or MT760 electronic transfer on order to qualify.
- Instrument Monetize from 10 Million to 1 Billion
- Funding against SBLC - Bank Guarantee – Medium Term Note - CD
- Options for additional banking and financial instruments.
The following are the basic questions to be asked when qualifying an Instrument:
1. Which Institution issued the Instrument? (Not all Instruments qualify due to Bank Rating)
2. What is the amount of the Instrument?
3. Are the Instruments leased or owned? (Leased Instruments generally do not qualify)
4. Does the client want a loan against the Instrument or selling the Instruments?
5. What will the funds generated be used for?
6. Are you direct to the applicant client?
7. Which Country is the Applicant - Client located in? (Client official
The “Monetizing of Bank Instruments” is the process of liquidating such instruments by converting them into legal tender through the use of a “Non-Recourse Loan”. We are able to monetize or lend against many types of Bank Instruments to be used for project funding or to provide funding foe trading platforms quickly and easily.
Monetizing an Instrument (SBLC - Bank Guarantee – Medium Term Note – CD) is becoming rather common and can be done in as little as 30 days. Many people prefer this type of funding as essentially, a client is obtaining cash on the basis of the Instrument.
This process allows you to:
- Monetize instruments for cash
- Monetize instruments for buy/sell platform entry
- Monetize instruments for both cash and buy/sell platform entry
Bank Instrument Monetizing Program Highlights:
- $20 Million to $10 Billion USD - Euros
- The letter must be from an A or AA rated bank
- Must contain the following 5 phrases: ”Irrevocable” - “Divisible” - “Transferable” - “Assignable” - “Unrestricted"
- 1 - 3 year term
- Interest only loan (Non-Recourse)
- 300-450 basis points over prime rate (Typical)
- Bank fees apply
- 15 to 30 day closing
- 65 - 75% of face value advance
REQUIRED DOCUMENTATION
The most important element or part of the documentary package is the documentation that acts as security and proof that the beneficiary to a debt (Instrument) holds a debt that is collectable on a specified date. We are only able to accept Instruments that secure negotiable instruments, which are unconditional, irrevocable and freely transferable, as evidence of the debt. Instrument such as these are sold without recourse, which gives the lender the beneficial option of selling them and effectively removing themselves from any further involvement with the financial aspects of the transaction, eliminating risk and burdens of administration and collection. Thus in order to assist in the monetization of your Bank Instrument we require:
1. CIS (Client Information Summary)
2. ATV (Authorized to Verified Letter)
3. Initial Letter of Interest & Exclusive Request of Service
4. Asset/Funds Ownership Declaration
5. Non Solicitation Letter
6. Authorization To Verify & Authenticate
7. Funds Attestation
8. Affidavit of Funds History
9. Letter of Exclusivity
10. Letter of Cease & Desist Confirmation
11. Board Resolution Copy (If applicable)
12. Request For Information & Assistance
13. Letter Of Confirmation
14. Passport Copy (Color Copy)
15. SWIFT MT 760/799/999/700/543/542 Confirmation Letter.
16. BCL Confirming Bank Instrument Issuing Terms
17. Bank Instrument Color Copy ([both sides) - (If posted on Euro Clear all 1-15 pages)
18. BCL Confirming Authenticity Of The Bank Instrument
19. Valuation Report [If asset backed]
20. Legal Report [If asset backed]
21. Full Authorization & NOC for executing the transaction
Should you choose to move forward with your monetization request, the documentation will be submitted to the appropriate non-recourse lender affiliate.
When the Lender review is completed, a non-recourse loan preliminary agreement will be prepared for your review. The lender will issue an LOI (Letter of Intent) with wiring instruction to send instrument.
In some cases, a review and underwriting fee (TBD) of the loan amount might be required once you accept the loan terms and conditions.
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Simple "Proof of Funds" Application
- Contact us with your POF request amount.
- A POF application will be sent to you.
- Submit completed application with requested documentation.
- POF contract will be issued.
- Client can verify POF account once the Service Fee is entered into Escrow.