SBLC NO UPFRONT. BEST PROCEDURE FOR MUTUAL BENEFIT by MLUKCAPITALHOLDINGSLTD [WorldCat.org]
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The Global asset backed securities market : structuring, managing, and allocating risk

by Charles A Stone; Anne Zissu; Jess Lederman;

  Print book

SBLC NO UPFRONT. BEST PROCEDURE FOR MUTUAL BENEFIT   (2020-11-23)

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by MLUKCAPITALHOLDINGSLTD

Hello,

I have a willing able and ready provider willing to close an SBLC purchase or lease contract with the below transaction description and procedure

This is so far the most friendly processing to come by in this time when markets are plummeting due to the global pandemic.

TRANSACTION DESCRIPTION:

1.         Instrument:                  Standby Letter of Credit (SBLC).

2.         Issuing Bank:               Deutsche bank AG Frankfurt.

3.         Age:                             1 year 1 day PERIOD (With the option of Rolls and Extension).

4.         PRICE:                        Purchased (32 + 2) Leased (10 + 2)

            Initial Premium:          5% (payable after confirmation of MT799 delivery).

5.         Delivery:                     Bank to Bank (MT799), (MT760)

6.         Payment:                     MT103

7.         Hard Copy:                 By Bank Bonded Courier within 3-7 calendar days after delivery and    

                                                receive of Swift MT760

 

TRANSACTION PROCEDURE:

 

 

 1.        Seller and Buyer execute and sign the initial Deed of Agreement, which   thereby automatically becomes a full commercial recourse contract to be lodged by both parties for initiation of Swift Transmission.

 

2.         Buyer provides its POF and or BCL, notarized guarantee letter to payment of a premium 5% after delivery and confirmation of Swift MT799 and a letter of authority to verify the availability of the funds as detailed in the BCL/POF

(NOTE: BCL or POF must be in applicants Name)

 

3.         Within a day after both parties sign the Agreement and Seller receive POF, notarized guarantee letter to payment of the initial price (premium 5%) and also a letter of authority to verify the availability of the said funds in their account, the Seller will send a draft copy of the SWIFT MT799 and 760 verbiage to Buyer for a review, acknowledgement and endorse of the documentation.

 

4.         Upon a receive of the endorsed verbiage, Seller will instruct the issuing bank to make transmission of SWIFT MT799 to the Buyer’s provided bank account coordinate for receiving the instrument (SBLC)

5.         Upon an acknowledgement and confirmation of the transmission MT799 as received by the Buyer, the Buyer will immediately make payment of 5% of the total face value as premium for the SBLC contract.

 

6.         Within 48 hours after confirmation of the premium paid into the Seller’s nominated account, Seller’s issuing bank will move to send swift MT-760 for blocking of the funds to Buyer’s designated receiving bank in favor of the beneficiary.

 

7. Upon confirmation of the SWIFT MT760 by the Buyer, the Buyer pays out the remainder 27% for (purchase contract) and broker’s commission fees of 2% not later than 5 banking days after SBLC MT-760 Swift has been confirmed and verified by the receiving bank

 

Should Buyer default to pay the remainder of 27% for purchase and 2% commission to brokers as agreed within 5 (five) banking days of receive and confirmation of the MT760 in Buyers’ bank, Seller will instruct the issuing bank to put a claim on the SWIFT by sending MT792 to advise the receiving bank, negotiate or incur a deferred payment undertaking.

 

 

 Please we will work with only genuine and ready clients. We Can close a deal in a week upon verification of the buyer/lessee's capability to payment of the premium

If a time waster, please seek for another provider

Must be able to show capability to back up your request.

All mails as regards this offeer should be sent to :

 

EMAIL: zoltanseregely.mlukcap@gmail.com

Whatsapp: +44-7756-544493

 

Regards,

Zoltan Seregely.




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