Lease/Purchase SBLC Provider - No Upfront Payment

SBLC Purchase 50% +2%.
SBLC Lease 10%+2%.

NO UPFRONT PAYMENT.

Issuing Bank: HSBC BANK, London / BARCLAYS BANK, London.

Receiving Bank must be approved
(should be an A Fitch rated bank).

Minimum face value: USD/Euro 10M.
Maximum face value: USD/Euro 25B.


Standard Procedures:-

1) Provider send DOA.
2) Receiver filled DOA.
3) Provider Countersigned DOA.
4) Receiver Bank Send RWA.
5) Provider Bank send MT799 Presdvice.
6) Receiver Bank send MT-799 BPU.
7) Provider Bank send BG/SBLC MT760.
8) Receiver Bank Pay MT 103.


Beneficiary submits the Deed of Agreement, together with the required compliance documents to start the work process.


Authorized Person or Direct Mandate for their clients feel free to reach me…

Thank You.