Top ten essential Tips On How To spot Fake BG/SBLC Providers & bank instrument scammers

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Top 10 Tips On How To Detect Fake BG/SBLC
Providers
Because the internet is filled with so many bank
instrument scammers and fake bg sblc providers,
so today we want to tell our readers the top 10
tips on how to detect fake BG/SBLC
providers. First and foremost, why are there so
many fakes and scammers in the bank instrument
industry? Since there are many sharks in this
industry pretending to be real bg sblc providers,
how can I find a genuine BG/SBLC provider that
will not steal my money and run away? In previous
articles I mentioned how challenging it can be to
find Genuine sblc providers and real bank
instrument providers but here, I will try to
explain more in this Top 10 essential tips On How
To Detect Fake BG/SBLC Providers.
First of all, we want to explain that there is so
much misinformation in the Bank Instrument
(BG/SBLC) Industry. Because there is a huge
vacuum of information and misinformation, so
everyday many people, especially borrowers/ sme
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that want to obtain loans from their banks,
importers exporters, traders, contractors as
well as business men and well are searching for
ways to find Genuine Standby Letter of Credit
(SBLC) Providers and Real Bank Guarantee
Providers. Before giving you these Top 10 Tips On
How To Detect Fake BG/SBLC Providers, we want to
advise everyone to be vigilant and very sure that
the bank instrument provider they are working
with is real and not fake, and they are providing
you with a real bank instrument (BG/SBLC or
letters of credit) from AAA rated banks. This is
very important because a bank guarantee or
standby letter of credit from unrated banks has
little or no value and they cannot be monetized
for non recourse loans. There is a huge
misconception in the market that all BGs (Bank
Guarantees) and Standby letters of credit (SBLC)
are similar and have the same value, have the
same LTV ratio when Monetized and have the same
desirability. In reality, that is completely
untrue. Comparing a Rated Banks Bank Guarantee
(BG)/Standby Letter of Credit (SBLC) with an
Unrated Banks Bank Guarantee (BG)/Standby Letter
of Credit (SBLC) is like comparing Chalk and
Cheese. It is like comparing darkness and light.
It is never the same.
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Please read our article titled Reasons Why
People Fail in BG/SBLC Transactions". Its a MUST
READ. The value of a Bank Instrument, especially
a Bank Guarantee (BG) or Standby Letter of Credit
(SBLC), is determined largely on the quality of
the financial institution that is issuing it.
This is because a "Bank Guarantee" is the Issuing
Banks "guarantee" of payment and therefore the
"guarantee" is only as good and only as strong
and only as valuable as the Bank that is issuing
it. World Top 20 Banks offer the best Bank
Instruments (BG/SBLC) because they are large,
stable financial institutions that do not default
on their promises, and ultimately a Bank
Guarantee is the Banks Promise to Pay! many
Unrated Bank Guarantees aren't worth the paper
they are written on! Take for instance, an
Unrated Bank that has less than 10 Million
Dollars in Capital but issues 100 Million Dollar
Bank Guarantee (BG) / Standby Letter of Credit
(SBLC) multiple times a week for 52 weeks a year.
Do the maths. By the end of the year this
financial institution has issued billions of
dollars in Bank Guarantee (BG) / Standby Letter
of Credit (SBLC) when the Unrated Bank has less
than 10 Million Dollars Capital to its name. So
we are advising our customers and readers
worldwide to avoid Bank Guarantees (BG) Standby
Letters
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of Credit (SBLC), from unrated banks. Click Here
to apply for a Bank Guarantee (BG) / Standby
Letter of Credit (SBLC) From HSBC, Barclays Bank,
Citibank, Deutsche bank or any prime bank in UK,
USA, Germany or Switzerland. As industry experts
and genuine bank instrument providers, it is very
easy for us to detect a fake bank document,
especially a fake BG or fake SBLC. Some
unscrupulous elements can issue you a fake
BG/SBLC without you even knowing. We have seen so
many fake and worthless Bank Guarantees and
Standby Letters of Credit from bank instrument
scam victims. This is possible because the bank
instrument industry is largely a hidden secret
finance world where real information, truthful
processes and real providers are hard to come by.
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HELPFUL TIPS
Top 10 Tips On How To Detect Fake BG/SBLC
Providers For most people, it is difficult to
spot a fake bank instrument provider from a real
one but here are a few ways and critical signs
you can use to spot a fake BG / SBLC
provider. Top 10 Tips On How To Detect Fake
BG/SBLC Providers 1. Bank Endorsed Deed of
Agreement (DOA) Banks do not endorse deed of
agreement contracts
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or LOIs. This action would place a financial
liability on the bank and they cannot and will
not incur that liability on behalf of their
depositors. Scammers use this trick to make their
story attractive. In many cases they will use
corel draw, Photoshop etc to prepare authentic
looking documents to convince you into believing
that a prime bank endorsed the DOA document. So
if you received any offer or document from anyone
claiming the DOA has been endorsed by the bank
kindly run because that is a RED FLAG that you
are dealing with a FAKE BG/SBLC Provider. 2.
Deed of Agreement (DOA) with grammar botches,
made out of different bits of different kinds of
agreements. 3. FREE EMAIL SERVICE Most of
these scammers use free email services such as
www,gmail.com, hotmail, yahoo etc. They have no
website, I mean, they cannot afford a website but
somehow they are promising you 5 Billion dollar
BG/SBLC? It's a mystery how they succeed with
such lies? 4. LOW PRICE This is the number
one trick they use in luring unsuspecting
victims. They will promise to deliver you a bank
guarantee or letter of credit value of 500
Million Dollars with payment of 10,000. Sadly,
people are easily lured in by fake artificially
low prices of financial instruments offered by
these scammers. The truth is, when a scammer
isn't delivering anything real they can
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afford to offer you the deal of the century!
Price Shopping clients will always get a bargain
that will cost them a fortune. 5. BPU (Bank
Payment Undertaken) Banks do not issue BPU to
enable a customer to get a free financial
instrument. This is just joker-broker
nonsense. 6. ICBPO ICBPO means Irrevocable
Conditional Bank Pay Order. Banks do not issue
irrevocable conditional bank purchase orders
(ICBPO) for a lessor. In fact, a bank is
precluded from incurring any liability on behalf
of a depositor. Another joker-broker nonsense. 7.
ICBPO to be issued by the Lessee's bank for
the Lessor. This convention is illegal by the
vast majority of the world banks on account of
the abnormal state of fraud around it. By issuing
ICBPO the Lessee's bank resolves to exchange
assets to the Lessor paying little respect to the
consequences of the renting exchange. Please RUN
from ICBPO offers because it is a complete waste
of time and no one has ever closed any real deal
using ICBPO method. 8. Bank guarantees are
never on any screen (DTC or Euroclear) for
screening, authentication or settlement. All BGs
must be transacted via standard non-Euroclear DVP
protocol settlement
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procedures. We've discovered how scammers now set
up fake cloned websites for authentication
purposes. Be alert 9. Slightly Seasoned
Instruments- Another joker broker nonsense. There
is no such thing as a slightly seasoned
instrument. Instruments are either fresh cut (new
issue that has not been registered with a buyer)
or they are seasoned (instruments that have
already been sold to one or more buyers). In most
cases it is joker brokers that are promoting this
fake story. 10. Brokers movement advancing
so-called "providers", before you spend your
significant lifetime, cash and vitality to
advance the "supplier" you found on the web
please make your DD over such a "supplier" and
ensure that you are managing the bonafide and
evident source. By promoting fake sources, you
ruin your reputation and lose the trust of your
customers. If you enjoyed this article and you
want to read more interesting articles like this
please visit our website www.grandcityinvestment.
com Grand City Investment Limited
(www.grandcityinvestment.com) is a Licensed Money
Lender that was incorporated in Hong Kong on MAY
29, 1984 with Company Registration No. 0137353.
We are direct providers of Loans, Trade
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Finance Providers, Investments, Wealth
Management, Lease Bank Instruments such as
Standby Letter of Credit (SBLC), Bank Guarantees
(BG), Usance LC, Letters of Credit, Differed
Letters of Credit and Funding for companies,
SME's and private individuals. All our Bank
Instruments are Issued from Top Rated Banks such
as HSBC Hong Kong, Barclays Bank London, Standard
Chartered Bank or any top rated AAA bank. All our
Bank Instruments can be used to secure Funding
for Projects, Business Expansion, Discounting,
Monetization and Private Placement Programs (PPP).
Description of Bank Instruments ( Standby Letters
of Credit (SBLC) / Bank Guarantees (BG) ) 1.
Instrument Fully Cash Backed Bank Guarantee
(BG) 2. Total Face Value Eur/USD 1Million
(Min) to Eur/USD 50 Billion (Max) 3. Issuing
Bank HSBC London/Hong Kong, Barclays Bank
London, Citibank New York, Deutsch Bank Germany
or any AAA Rated Bank. 4. Age One Year and
One Day (with rolls and extensions where
applicable) 5. Leasing Price 4 of Face
Value plus 2 brokers commission (Applicable only
if there are brokers in the transaction)
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6. Delivery 7. Payment Transfer 8.
Hard Copy
SWIFT MT-760 MT103 Swift Wire
Bank Bonded Courier
within 7 banking days. When it comes to issuance,
leasing, funding and monetization of any bank
instrument such as bank guarantee, standby letter
of credit, bg sblc, getting to the finish line is
all that counts and that's what we excel in at
Grand City Investment Limited. We have been
successfully closing deals for over 37 years,
show us another company in this industry that can
match our record? BROKER INQUIRIES ARE WELCOMED
AND APPRECIATED Our brokers receive 2
commission for referral. We assist Clients and
brokers in their attempt to secure funding by
working on their funding requests that may
require innovative financing. Contact us today to
know how a Leased Standby Letter of Credit mt760
from Barclays bank, HSBC, Chase Bank, Standard
Chartered Bank or Bank of America can help you
conclude worthy deals with your suppliers and
contractors. Have a look at our portfolio and
some of our recent projects https//grandcityinve
stment.com/portfoli o/
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Click Here To Apply For SBLC MT760 From HSBC,
Barclays Bank, Chase Bank, UBS or any Rated Bank
Email apply_at_grandcityinvestment.com Website
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