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Monetization of SBLC’s/BG’s

Non-recourse Monetization

Instrument & Service Description

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There are 3 types of Bank Guarantee/ Stand by Letter of Credit Monetization settlement methods accepted in the market, we offer Bank to Bank.

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We accept and can monetize both leased and owned (purchased) instruments.

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Bank SWIFT – We use the Bank SWIFT Network to have the Bank Guarantee (BG)/Stand by Letter of Credit (SBLC) delivered Bank to Bank using SWIFT MT799 followed by SWIFT MT760 as standard. However more and more of the major banks just go straight for the MT760.

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Monetization LTV

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Loan to Value (LTV)

  • 5 M to 100 B BG/SBLC – 80% Non-Recourse

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Estimated Completion Time

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14 – 21 Days after all documents are signed and verified or 8 to 10 Days After the Instrument has been delivered received and accepted on the SWIFT network.

Closing Process – SWIFT

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  • After execution of the Deed of Agreement  by both parties the Client will instruct his bank to send SWIFT MT799 to the bank coordinates provided by the Monetizer.

  • The Monetizer’s 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 BG/SBLC by SWIFT MT760 to the Monetizers bank.

  • Upon receipt, confirmation and delivery of the SWIFT MT760 the Bank Instrument Monetizer will within maximum 10 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 Bank Instrument unencumbered 15 calendar days before the 1 year and 1 day anniversary of the signed contract between the parties.

Client Standards 

 

GLOBAL CENTRIC FINANCE requires clients to meet key standards and pass compliance. We do not accept all clients because doing business with GLOBAL CENTRIC FINANCE is a unique privilege given solely to authentic clients, not a Right that is attainable by all.

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Summary

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We solely deal with valid Leased or Purchased Bank Guarantees (BG) that need valid Bank Guarantee Monetization. The Bank SWIFT Network is the Gold Standard that validates that your Leased or Purchased Bank Guarantee (BG) or Stand by Letter of Credit (SBLC) is valid and it provides a respected industry platform where guaranteed settlement can be facilitated.

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To apply, click the button below:

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