Complete Leased Standby Letter of Credit Monetization (SBLC) Non-Recourse

Instrument & Service Description

We offer 3 Standby Letter of Credit Monetization (SBLC) settlement methods:

1/ Bank SWIFT

We use the Bank SWIFT Network to have the Standby Letter of Credit (SBLC) delivered Bank to Bank using SWIFT MT799 followed by SWIFT MT760.

2/ Euroclear

We use the Euroclear Network because the Euroclear settlement process is fast, transparent and uses the Free Euroclear Delivery process so Clients DO NOT incur any SWIFTING FEES or Delays.

Euroclear is a well-established European financial transaction settlement network that was founded in 1968 by JP Morgan and continues to operate successfully employing over 3,500 people today.

3/ DTCC

On some deals, we now also accept delivery of the Leased Standby Letter of Credit (SBLC) by DTC also known as DTCC (The Depository Trust & Clearing Corporation). The advantage of DTC is that clients using this process to deliver a Leased Standby Letter of Credit (SBLC) DO NOT incur bank SWIFTING FEES.

DTC is a well-established International business that was founded in 1999 and in 2015 was recorded as settling 1.5 Quadrillion Worldwide making its the highest value securities settlement processor in the world

EC’s Standby Letter of Credit Monetization services are ideal for clients looking to Discount, Monetize, or create an immediate Non-Recourse loan against a Leased Standby Letter of Credit (SBLC) that they control. The Standby Letter of Credit Monetization process for Leased Standby Letter of Credit (SBLC) issues Non-Recourse funds to the Client shortly after the Standby Letter of Credit (SBLC) is delivered to the Monetizer.

Important

Our contracts also include the monetizer returning the Leased Standby Letter of Credit (SBLC) to the Issuing bank 15 days prior to the Standby Letter of Credit (SBLC) expiration. This is a critical requirement of most Leased Standby Letter of Credit (SBLC) Issuers.

Standby Letter of Credit Monetization LTV

  • 5 to 20M Standby Letter of Credit (SBLC) – 45% to 55% Non-Recourse
  • 20M+ Standby Letter of Credit (SBLC) – 55% to 65% Non-Recourse

Estimated Completion Time

7 to 14 Days after all documents are signed and verified or 3 to 4 Days After Instrument Delivery on the SWIFT or Euroclear Networks.

Closing Process – SWIFT

  1. After execution of the Standby Letter of Credit Monetization contract by both parties the Client will instruct his bank to send SWIFT MT799 to the bank coordinates provided by the Monetizer.
  2. The Monetizers bank on receipt of the SWIFT MT799 from the client’s bank will reply with a SWIFT MT799.
  3. On receipt of the Monetizers bank SWIFT MT799 the Clients bank will deliver the Standby Letter of Credit (SBLC) by SWIFT MT760 to the Monetizers bank.
  4. Upon receipt, confirmation and delivery of the SWIFT MT760 the Standby Letter of Credit Monetizer will within maximum four (4) banking days grant a Non-Recourse Loan for the LTV as agreed from its nominated bank to the Client.
  5. The Standby Letter of Credit Monetizer agrees to return the Standby Letter of Credit (SBLC) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.

Closing Process – Euroclear

  1. After execution of the Standby Letter of Credit Monetization contract by both parties the Client will instruct his bank to assign the Standby Letter of Credit (SBLC) using FREE Euroclear Delivery to the bank coordinates provided by the Monetizer.
  2. The Clients Banker shall immediately email a certified Euroclear execution receipt of the Standby Letter of Credit (SBLC) delivery to the Monetizer.
  3. Upon receipt and confirmation of the Euroclear assignment and delivery, the Standby Letter of Credit Monetizer will within maximum three (3) banking days grant a Non Recourse Loan for the LTV as agreed from its nominated bank to the Client.
  4. The Monetizer agrees to return the Standby Letter of Credit (SBLC) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.

Critical Compliance Criteria

Accepted Criteria

The Leased Standby Letter of Credit (SBLC) MUST be from a Rated Bank and Delivered by SWIFT or Euroclear.

Rejected Criteria

Any Leased Standby Letter of Credit (SBLC) on the Banned Assets or Banned Providers List is Rejected.

Client Standards

EC requires clients meet key standards and pass compliance for us to consider working with them. We do not accept all clients because doing business with EC is a unique Privilege given solely to real, genuine, authentic clients, not a Right that is attainable by all.

Summary

We solely deal with real deals, real people and real Leased Standby Letter of Credit (SBLC) that need real monetization.

The Euroclear and the Bank SWIFT Network is the Gold Standard that validates that your Leased Standby Letter of Credit (SBLC) is real and it provides a respected industry platform where guaranteed settlement can be facilitated. Close your successful Standby Letter of Credit Monetization transaction with Secure Platform Funding.

 Application Procedure

In order for you to get started please download the EC CIS for Bank Instruments, complete and send to info@economic-consultants.com.

We will follow up sending you our EC NSNC NDA.

With that in place we have done our KYC and we will send you our Service Agreement for Monetizing Bank Instruments.

By then we have a Pre-approval for your request in place and we will send you the final application for you to sign and return to us.

Then we will get you the LOI/MOU. The whole process should take between 15 to 25 days after the first payment is made.

NB! Changes may occur without warning!

EC Trading Programs

The EC Secure Trading Platform is a well established vehicle returning solid profits year after year (60 to 120%). Minimum investment amount 100K€/$/£. Profits paid out each month if wanted and one month notice only.
We do Guaranteed Conservative Platforms. Minimum Investment US$ 250K. Offering from 50 to 75% yearly on a 52 weeks program. <

Money always remain in clients MT4 Trading Account or we arrange a blocked service.
We assist with establishing Trading Accounts (MT4) and Platform access for our clients. Several providers available.

We also have direct access to Tier One Trading Platforms and Managed Bank Guarantee Programs with full deposit protection programs and high returns.

For more information go to Investments, Trading Platforms above or Contacts and complete the form under Contact Us, or contact one of our partners. You can find contact details for all of us under the Contact page! Alternatively write to info@economic-consultants.com.

Become an EC Associate?

Lars J Myrtroen

We have presence in several countries all over the world. However, we are experiencing a big demand for our services and are looking for new Associates. We have three categories; Partners, Introducers and Agents, all based on education and experience. We need highly qualified people like Lawyers and Accountants with the right education and background from the financing and funding industry. We are currently looking for people in the US, France, Italy, Germany, Spain, UK Switzerland plus major cities in the Far East. For more information go to the EC Associates page. If interested, please contact us to discuss the opportunity!

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