How to Find Genuine SBLC Providers?

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SBLC Providers How to Find Genuine Service
Providers?
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• Sblc provider can be hard to come by. The banks
  dont advertise SBLCs as their own bank
  products, simply because they are not allowed to.
  Standby Letters of Credit are provided by high
  net worth clients with large cash holdings in an
  account at the Bank.
• High net worth clients are usually hedge funds,
  private equity, pension funds, and large
  coprations etc.
• It is very difficult not only to get in touch
  with bank instrument Providers, they are very
  strict too, they dont mess around.

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• Genuine Sblc provider perform many checks and
  balances which means that any authorised mandate
  agents connected to Providers are too follow
  strict procedures.
• This is good news on our part as we know we carry
  clean business but it means that any business we
  introduce needs to be able to follow certain
  procedures.
• Because of the strict ruling, Prestige will let
  you know what is required but in general we will
  ask for POF and BCL to say you can pay for 10 of
  the LTV/face value of the bank instrument.

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• We want to know that every business that passes
  us has the capability to afford the lease fee.
• A Standby Letter of Credit is an agreement, not
  intended to be drawn upon but is a safeguard in
  the event of nonpayment by either party mentioned
  in the contract.
• You can either lease or purchase a Standby Letter
  of Credit. In other words an SBLC is a document
  issued by the bank guaranteeing payment on behalf
  of their client.

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• The bank confirms the collateral is held within
  their clients account, the client buys an
  instrument and it is then freshly cut backed by
  Providers capital.
• Depending on the wording agreed in the DOA, it is
  possible to Monetize an SBLC.
• When a company completes the forms to lease an
  SBLC, what they are essentially doing is
  borrowing collateral (what this is actually
  called is a temporary CTA Collateral Transfer
  Agreement).

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• Lets say that you are an oil refinery company
  looking to buy oil and are dealing with say ABC
  Oil.
• You have an agreement with ABC Oil saying that
  you want to buy 100M USD worth of oil (on your
  books you have 10B USD) .
• You may choose not to use your own bank account
  and apply through your own bank but instead,
  prefer to lease a StandBy Letter Of Credit from a
  different Sblc provider.

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• There are several ways SBLCs can be used and it
  is all in the wording of the MT760.

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Providers can issue Standby Letters Of Credit for
the purposes of

• Trade and commerce  for purchasing of goods.
• They can also be used to back credit lines issued
  by banks
• And/or project funding

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