SBLC & BG - Standby Letter of Credit & Bank Guarantees
DLC is a contract under which a bank agrees to pay the seller, in connection with the export of specific goods, against the presentation of specified documents relating to those goods. We are able to finance different cycles of the trade transaction and facilitate the issuance of trade finance instruments, including Documentary Letters of Credit (DLC) via SWIFT MT700 orMT710.
SBLC is a legal document that guarantees a bank's commitment of payment to a seller if the buyer–or the bank's client–defaults on the agreement. For clients seeking credit enhancement or additional collateral to gain access to credit facilities, whether it is an infrastructure, real estate, import&export, oil/gas project, etc. We arrange to issue and facilitate the issuance of credit enhancement instruments, including Standby Letters of credit (SBLC) and Bank Guarantees (BG) via SWIFT MT760.
Monetising a standby letter of credit or Bank Guarantee is becoming relatively common. It can be done in as little as 10 to 15 days. Many people refer to this as Bank Instrument funding or Bank Instrument financing since you are essentially obtaining cash based on the SBLC or Bank Guarantee. We can arrange for the Monetizing Party to cash out SBLC or BG at compatible LTV with good-rated Receiving Banks.
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