Funding
Bank Guarantee and Standby Letter of Credit Monetization #1 Bank Guarantee (BG) & Standby Letter of Credit (SBLC) Experts
Funding
Complete Non Recourse Monetization of Financial instruments
We offer 3 types of BG/SBLC Monetization settlement methods:
- 1/ Bank SWIFT - We use the Bank SWIFT Network to have the SBLC/BG 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 3500 people today.
- 3/ DTCC - On some deals we now also accept delivery of the BG/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 SBLC/BG 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. Green Dollar Funds Bank Guarantee /SBLC Monetization services are ideal for clients looking to Discount, Monetize, or create an immediate Non Recourse loan against a BG/SBLC asset that they control. The BG/SBLC Monetization process for issues Non Recourse funds to the Client shortly after the SBLC/BG is delivered to the Monetizer
Funding
Complete Non Recourse Monetization of Financial instruments
STANDBY LETTER OF CREDIT Monetization LTV :
1M to 49M SBLC - 40 % to 80% Non Recourse depending on the bank
Closing Process - SWIFT
- Always 100% Protected & Respected
- Healthy Commissions Paid
- Be Direct to the Finance Source, NOT in a Broker Chain!
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.
Brokers & Consultants:
- Always 100% Protected & Respected
- Healthy Commissions Paid
- Be Direct to the Finance Source, NOT in a Broker Chain!
Closing Process - SWIFT
- 1. After execution of the Bank Guarantee 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 clients bank will reply with a SWIFT MT799.
- 3. On receipt of the Monetizers bank SWIFT MT799 the Clients bank will deliver the SBLC/(BG) by SWIFT MT760 to the Monetizers bank.
- 4. Upon receipt, confirmation and delivery of the SWIFT MT760 the Monetizer will within maximum four (4) banking days grant a Non Recourse Loan for the LTV as agreed from its nominated bank to t5. The Monetizer agrees to return the Bank Guarantee /Standby Letter of Credit unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.he Client.
- 5. Upon receipt, confirmation and delivery of the SWIFT MT760 the 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.
Closing Process - Euroclear:
- 1. After execution of the Bank Monetization contract by both parties the Client will instruct his bank to assign the Financial Instrument using FREE Euroclear Delivery to the bank coordinates provided by the Monetizer.
- 2. The Monetizers bank on receipt of the SWIFT MT799 from the clients bank will reply with a SWIFT MT799.
- 3. Upon receipt and confirmation of the Euroclear assignment and delivery, the 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 BG/SBLC unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.
- 5. Upon receipt, confirmation and delivery of the SWIFT MT760 the 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.