29 Sep 2005

29 Sep 2005

29 Sep 2005

29 Sep 2005

29 Sep 2005

29 Sep 2005

29 Sep 2005

Intrument: MTN
AGE: FC
TOTAL AMOUNT: 2B or 5B
FIRST TRANCHE: $500M
PRICE: 36+1
BANK: TOP 25 WESTERN EUROPEAN BANKS
PAYMENT MODE: FUND FIRST
SCREENING: EUROCLEAR

Please only contact me if you can show POF. This is a FF (Funds First) provider. I am direct to the provider. Email me for more details
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29 Sep 2005

This procedure will only be done Ledger to Ledger or on an MT103.
Please find out if your associate's USD Provider has an account at HSBC (preferably New York) through which a Ledger to Ledger transaction can be arranged.

The only not negotiable issue in a L to L transaction is that the USD Provider must have an Account (or open an account with HSBC, preferably New York)
Alternatively,a Bank to Bank MT 103 can be executed but we have found that a L to L is far less complicated and can be closed without inter bank complexities (L to L = intra bank)
The currency transaction will be transacted with one of several Euro Providers whom my associate has formed close relationships with through his Banking connections and are authentic sources of currencies.

As you are well aware in this business the risk lies in non performance and I am anxious to know your relationship with the USD Provider. Have you closed a transaction with him previously ? Has due diligence been undertaken at some stage to verify his credentials and ability to perform? Your response to the above would be appreciated.
We have several Euro Providers who wish to purchase discounted USD 15/10% and are RWA immediately.
There is no problem going straight to Contract - in fact we prefer it that way provided we have a signed Contract by the USD Provider with disclosure of codes,Banking details co ords in order that we can undertake due diligence.

Another point of correction is that we can immediately close a Ledger to Ledger transaction with your client and we have a Draft Contract for his perusal,if required.

I have attached the Draft Ledger to Ledger Contract and a Euro Provider Procedure for your perusal.(Contracts do not come in a simpler format.
I await feedback from your USD Provider and your proposal on the way forward. From Andrew's side the Euro Provider is RWA and can move without delay.

To eliminate a lot of frustration and aggravation we will not consider ANY "Offers" for currency unless they are unsanitised and signed by the legally authorised Sellers Mandate or the Principle. As you know thousands of fake transactions are floated around the world on a daily basis and a lot of time is wasted trying to establish the authenticity of these deals. Therefore the only way to establish if the transaction is genuine is to have the unsanitised and signed FCO/Contract in order to undertake due diligence and prove that the party is real. Any party not agreeing to send a unsanitised signed sealed FCO, Transaction codes and contact number of Sellers Mandate suggests that they are not genuine and will automatically not be considered as an authentic transaction and be deleted from the data base.

They will not procede if it is done on MT 799 or MT 760 in effect proof of funds up front. They will only transact MT103 USD moves first, this is not negotiable, with a signed FCO from Seller/Seller Mandate and his contact number to authenticate the deal.

The Procedure requires the discounted USD to move first CONDITIONALLY in C15 per Mode MT103. The discounted USD should move conditionally and if it is Euro unconditionally. Weak curencies have to move first. This is not negotiable. It will have to be done only on a Bank To Bank basis, or Ledger to Ledger.

If the unsanitised FCO you have sent from your USD, JPY or NKD provider is on a SWIFT 799 / 760 blocked funds, we are not interested. Just to let you know my Euro provider does not work with Performance Bond inserted into the FCO.

The Commission structure is as follows:
Euro Side
Euro Mandate 0,5%
Buyers Side 1,0% (Banks)
USD Facilitators 0,5% (Yours Groups) One paymaster only
Euro Facilitators 0,5% ( My Groups

Once the USDPF has reviewed the Draft Contract and wishes to proceed he will reqiure in writing from SM that the contract is acceptable and he will then forward him directly the name and details of the EUROPF including Passport number for insertion into the Contract.

The USDPF should then complete in full, sign, code and return the Contract and EUROPF will immediately countersign and code.

The Contract will then be lodged with the HSBC Bank to close the transaction and tranching after agreement between the Principles will commence.

Our Bank will not deal with offers of currencies coming out of Indonesia,Thailand or China.

They will have to be from a World Bank in western Europe or the USA.

If you can find me an offer for USD on an MT103 both ways or L to L which is unsanitised and is signed and include transaction codes, otherwise it is not worth the paper it is written on and our buyer's are not interested.
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I need genuine sellers of bank instruments. No daisy chain need to respond, since they will not be entertained. Seller’s signatore or authorized representative will have to prove his authorization by sending color passport copy enlarged (140%), and apostil led authorization letter. The Paymaster for the brokers must provide passport copy.

I want anything that is not shopped; you are direct to; can get an exclusive so we have time to take down; the worst is when we are interested in paper and it is all over the place and is gone before we can complete the steps and wastes the bank’s time.

Additionally they must be on screen and we will need screen shot and ISIN, CUSIP, for verification. Denominations, Text of instruments, Bond Power Information, instruction for validation of the instruments will expedite the closure of each deal submitted to us.

Please do not waste your time sending me LOI drafts or agreements drafts. These are useless since real buyers or mandates do not fill these and send them to brokers. Once we have accorded the procedures, completed our DD and bank instrument verification, then we move to the FPA between the authorized mandates, LOI from the Buyer. In kind we expect the full and complete contract from the seller side goes into effect, thus protecting the transaction and the people involved.
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The leasing fee 1% must be deposited in the escrow trust account of the escrow agent lawyer and balance fee 7% deposit 15 days after SBLC is delivered to your bank. Provider RWA assign with 48 hour.

Issuing Bank : UBS - Zurich
For a first time client it takes up to 20 banking days to issue the SBLC. That is because their background check must be completed.
If you still wish to continue please submit the following items via scanned email, all of which are mandatory:

LOI with
a. Board Resolution appointing the Legal Representative of the company and it's the power for managing all financial-bank acts at its discretion.
b. Color copy of Passport of the Legal Representative.
c. Profile of the company on its letterhead.
d. Project Profile detailing the specific use of the credit line extended by the bank against the BG or SBLC as collateral.
e. Complete data of the company, address, telephones, facsimiles and E-mails, person to contact. (PDF file containing all documents)

A sample of the SBLC format is also provided for your reference. Attached file for SBLC Leasing Procedure
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22 Sep 2005

22 Sep 2005

22 Sep 2005

22 Sep 2005

22 Sep 2005

22 Sep 2005

22 Sep 2005

I look forward to working with you and helping you find the instrument you are searching for. All I ask is that you are serious and you are ready to move forward. Things can happen very quick if you are serious.
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We offer worldwide services to Individuals, Partnerships, Corporations, Governments, Pension Funds, Trusts and Non-Profit organizations.

For solid international projects & PPP we will provide unencumbered, unrestricted, cash backed "AA" rated financial instruments ($10M-$500M+) such as; Bank Guarantees (BG), Medium Terms Notes (MTN), Standby Letter of Credits (SBLC) & Safekeeping Receipts (SKR). We are also direct to PPP.
Please serious inquires only.
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A sample of the SBLC format can also provided for your reference.
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I want anything that is not shopped; you are direct to; can get an exclusive so we have time to take down, the worst is when we are interested in paper and it is all over the place and is gone before we can complete the steps and wastes the banks time. Additionally they must be on screen and we will need
screen shot and ICIN's for verification.
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14 Sep 2005

The leasing fee 1% must be deposited in the escrow trust account of the collateral provider and balance fee 7% deposit 15 days after SBLC is delivered to your bank. Provider RWA assign with 48 hr
Issuing Bank : UBS - Zurich
For a first time client it takes up to 20 banking days to issue the SBLC. That is because their background check must be completed.

If you still wish to continue please submit the following items via scanned email, all of which are mandatory:

LOI with
a. Board Resolution appointing the Legal Representative of the company and it's the power for managing all financial-bank acts at its discretion.
b. Color copy of Passport of the Legal Representative.
c. Profile of the company on its letterhead.
d. Project Profile detailing the specific use of the credit line extended by the bank against the BG or SBLC as collateral.
e. Complete data of the company, address, telephones, facsimiles and E-mails, person to contact. (PDF file containing all documents)

A sample of the SBLC format is also provided for your reference.
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6 Sep 2005

6 Sep 2005

We are able to supply MTN and BG through the primary trust provider of worldwide. Before we begin we will need the following in order to assist your buyer.

1. Letter indicating their need for bank instruments. Fresh cut, seasoned, pension fund paper including price
and commissions
2. Capability letter issued by their bank indicating they have the financial capacity to purchase paper in the
billions. Indicate the first tranche size.
3- Include procedures the buyer desires.

Once we receive this letter from the buyer, bank proof of funds, then we will send the appropriate documents from the seller/world's largest provider of bank instruments. Please confirm to prepare the trust reguested documents,
BUY/SELL OF BANK DEPENTURE PROGRAMS
The trust provider has own J.V agreement he protect brokers with own J.V agreement,Without the above we do not want to lose your time,and no telephone call reguested.

We have availabilities for sale of MTN (7.5% x 10 year Medium Term Unsubordinated Debenture Bonds with S & P “AA” rating or better from top 25 Western European Banks) and BG (Bank Guarantees) from top 25 Banks. These bank debentures are available as listed below. We are also listing High Yield Trading Programs with excellent profits, conventional financing and creative finance programs to fund projects worldwide. PLEASE BE INFORM : The prices can change weekly ask update contract price

Seller/Provider #1--MTN and BG for Sale
a) BG and SBLC fresh cut, funds first at 70% + 1% via corporate invoice, $100M contract.
b) MTN funds first via corporate invoice $100M contract at 50% + 1%
c) BG funds first via corporate invoice at 80% + 1% $100B contract, $100M first tranche
d) MTN fresh cut via corporate invoice at 35% + 1% $100B contract, $500M first tranche.
e) MTN slightly seasoned via corporate invoice at 80% + 1%, $100M contract
Worldwide Development is the paymaster for the seller’s side.

Provider #2 Availability of Bank Instruments for Sale
MTN fresh cut at 36% + 1% MT103 procedure
BG fresh cut at 55% + 1% MT103 procedure
MTN collateral first, slightly seasoned, 75% + 1%, contract size $10B to $100B MT799 MTN funds first, slightly seasoned, 58% + 1%, contract size $10B to $100B MT543 BG, collateral first, slightly seasoned at 70% + 1%, contract size $10B to $100B MT103 First tranch $100M/$500M Procedures upon request MT103/MT799/MT543 When submitting LOI buyer must also provide POF (capability)

Seller/Provider #3--MTN for Sale
MTN, 7.5% x 10 year, slightly seasoned from top 25 Western European and North American Banks rated AA or better. Available contracts $10B to $50B. Prices are 72% + 1% with 1st tranche of $100M 68% + 1% with 1st tranche of $500M 65% + 1% with 1st tranche of $1B Ask us for procedures. We are first on buyer’s side. Seller can and will buy back all instruments in 8 hours at 92% + 1%

Provider #4--Private Placement Programs
a) USD$1 million minimum--stays in your account if large bank. About 25% per month for 40 weeks. Established program. May be compounded.
b) USD$1 million minimum--moved to trading bank. Sole signatory account. 50% per month for 40 weeks. Established transaction.
c) USD$1 million minimum--600% discounted for quick payment. One year program. Quick reentry.
d) USD$4 million leases $100 million which returns 100% per week for 40 weeks.
e) USD$5 million minimum--100% per week, 40 weeks. Funds stay in client’s account if large Western Bank. Discuss payout options with trader.
f) ISD$10 million minimum. Funds stay in client’s account if large Western Bank. 25% or more per week for 40 weeks. Established transaction.
g) USD$100 million minimum--funds stay in client’s account if large Western Bank. Large selection of excellent opportunities. Pays up to about 100% per day.

Provider #6--USD$100M Bank SKR Asset Program
This is an asset program with entries of $100M or more. Client does Joint Venture with trading group for a high yield program. All proven assets worldwide will be considered. Owner of the asset arranges for major bank (top 50 world bank) to issue an SKR (Safekeeping Receipt) for client’s assets to include a professional appraisal and evidence of ownership. The asset must be valued at $100M or more. The SKR from the bank is only for them having received evidence (proof) of ownership of the asset and copy of the certified appraisal. A simple LOI, copy of the SKR, copy of the appraisal and proof of ownership is sent to
The trader will verify bank to bank and consider a hypothecation in which the trader will arrange for a minimum credit line of USD$100M cash which is entered into a good 40 week trading program with earnings of 100% or more per week. Owner of the asset gets 50%, trading group gets 40% and intermediaries share 10%.

Provider #7--High Yield Trading and Purchase of Assets
European Trader will accept USD$10 million cash minimum and will hypothecate financial instruments including BG, LC, SKR, Promissory Notes,
CD. T Bonds, T-Bills and Drafts. Also Gold, Platinum, Palladium, Precious Stones including diamonds, rubies and emeralds. Trader is also a direct buyer and will consider purchase of these assets.

Provider #8--MTN, BG and T-Bills for Sale
This provider sells bank instruments including BG, MTN and US T-Bills. Minimum Tranch or Transaction size is USD$100 million. Funds First, fresh cut BG are currently 70% + 1% Funds First, fresh cut MTN are currently 52% + 1% Serious buyers wishing to purchase from this provider should ask us for the detailed procedure. Prices are subject to change. This provider will sell fresh cut or seasoned paper, funds first, collateral first or delivery versus payment. He will NOT sell any instruments on collateral first NO proof of funds basis. Prices may vary according to contract size, size of the first tranche and method of procedure. To get an exact price for any desires situation buyer is requested to send a simple Letter of Intent to WORLWIDE DEVELOPMENT describing type of instrument, total contract size, size of first tranch, fresh cut or seasoned, funds first, collateral first or DVP. Buyer may mention a desired target price. Often the seller’s price will be better than the target price. The seller will respond with an exact price. Commission is always 1% with 0.5% to seller’s side which is full. All intermediaries share in the 0.5% commission on buyer side. They will sell to Pension Funds. Pension Funds need to put their ERISA number on their LOI and can purchase using the DVP method.

Provider #10--High Yield Trading and Private Placement
This trader will accept cash of USD$ 50 million and up with excellent returns. Need LOI, POF and enlarged passport to make introduction to trader who will provide client with all necessary documentation and details of the program profits.

Provider #11--Private Placement-USD$100M and up
This program accepts minimum of USD$100 million minimum for forty week contract. Profits are minimum of 100% net per week or most probably much more. Funds stay in client’s own account if in an approved large US or Western European Bank. Investor may be private, corporate or other entity.

Provider #13--Private Placement Program
$10 million and up. In this program we can accept proof of funds from Chinese, Taiwan, Singaporean, Philippinese, Korean, Malaysian, Indonesian and Russian Banks as well as Europe and USA. Will take cash, converted currencies, Bonds, BGs, MTNs, T-Bills etc. Yields are 100% to 300% per week.

Provider #14--Private Placement Program
$10 million minimum yields 300% gross in a few days. $100 million minimum yields 500% in a few days. Funds stay in client’s own large bank.

Provider #15--BG and MTN for Sale and Private Placement Program This trader is licensed to sell BG and MTN from Western European AA or better rated banks, minimum tranche is USD$100 million. BG or MTN Spot Buy (seasoned) the price is between 70% - 80% + 1%. Fixed contract, fresh cut the price is between 60% to 65%+ 1%. The only acceptable funds first procedure is as follows:
a) Buyer sends Letter of Intent to WORLDWIDE DEVELOPMENT with Client Information Sheet, passport copy and if company, Corporate Resolution and Corporate Profile.
b) Seller will send full banking.
c) Buyer sends SWIFT MT 799 confirming availability of funds for the transaction (USD$100 million minimum)
d) The provider will send Pre-Advice but only after receiving MT 799.
e) The buyer sends conditional SWIFT 103
f) The provider sends BGs or MTNs and the client’s funds are then released.

Provider #15 Private Placement Program
This trader runs Buy/Sell programs and reserved fund programs for 15 years already and has no problem to perform. He is the only licensed FED trader in Switzerland. Minimum USD$50 million, prefers $75 million so client can have his own Buy/Sell program. $100 million and up clients receives MTN Buy/Sell contract of $100B. Net profit is $10 billion to $15 billion in 4 to 6 months which is from 50% to 100% per day.. Profits are guaranteed. Contract can be signed at provider’s bank or by courier. Client submits LOI, CIS, POF (bank statement or copy of instrument (CD, SKR, BG, Bonds or any other), passport copy, and if client is a company, Corporate Resolution and Corporate Profile. Trader does Due Diligence. Client confirms funds or instrument bank to bank by MT 799 and proves he has full control of it. Client’s funds will be used like collateral and needs to be blocked (prefer MT760) as agreed. No FPA needed and commissions are not deducted from client’s profits. Intermediaries are paid by the trader.

Provider #16
a) This provider currently has a program with minimum entry of USD$1 million and up. Profits are 100% net per month for forty weeks. Funds are accepted from clients worldwide and may stay in the client’s account without being moved if the funds are in a large bank which is acceptable to the trader. We need LOI, POF, CIS and enlarged color passport copy to get started.
b) This is for clients who have a minimum of USD$10 million to $50 billion in any acceptable Western European or American bank for our Trust source. Enormously high earnings are possible worked out on a case by case basis. Detailed information is given by request to financially qualified clients. Profits are so large, they are only disclosed privately to financially qualified clients who have requested this information.
c) USD$1 million and up. Participant opens an account in the trading bank, a top German bank and transfers his funds there. There is an immediate one time payment of 600% payable at the end of one year and two months OR the client can get immediate cash by discounting at 540%. Trader fees 20%, Bank Discount Fee 10%, Intermediary Fee 10%. Ask us for documents
Procedures:
With all high yield trading and private placement programs we need to receive a Letter of Intent from the client on his letterhead.
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* LC or BG for our import-oriented trading
* amount : USD 1.000.000 (one million)
* one year term maturity

Please contact us, if you are able to provide.
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I am looking for one year maturity bonds plz let me know what is the procedure of buying and selling? can we sale in only stock exchange/Bank in your country or from any Bank in our country or only specified banks and the bonds encash by the bank easily or what is procedure? and let me also know about the buying procedure? and the rates ? and best rates bonds (company's name) or futher more if we want to buy premature bonds or mature bonds so it possible to buy?
And any kind of information you can supply me plz send me an email.
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30 Aug 2005

22 Aug 2005

22 Aug 2005

* B/G, Letter of Credit, Corporate Bonds or any other marketable
security/instrument.
* Amount: USD 100 Million, prefer higher (no max).
* Price: 70%
* Screening: Euroclear/DTC/Clearscreen

Term:
1. Payment over 1 year:
2. 1st payment made in 1st month
3. 2nd payment made within 6 months
Serious offers only.
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22 Aug 2005

22 Aug 2005

Through my direct contact now with a commercial consortium, the actual direct provider and seller of various types of international instruments (BGs, CDs, MTNs), issued from "AA" or "AAA" rated Western European banks listed in the Banker's Almanac, I can now provide the highest-level direct contact for the sale of bank instruments.

Note, however, the Provider will transact only with principals (or their duly appointed Mandates, with power of attorney over funds disbursement).

Intermediaries/brokers/consultants, therefore, must have an arrangement with their buyer so that the principal buyer or his duly appointed mandate can contact me directly with their specific detailed requests. The provider does not respond to general requests nor does he provide lists..
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This will be a Funds First transaction once LOI is countersigned; LOI comes totally completed. And, a 103 shall be sent to Provider's institution at given window time per arrangement
Also, require SBLC/LC.
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I would like to make a request for Letter of Credit text book. I need for SME analysis purposes. I am a business analyst in big investment bank. I would apprciate it if someone can provide me with more information.
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15 Aug 2005

15 Aug 2005

15 Aug 2005

We also can get clients BG’s or LC’s. Through the same investment group, who has relationships with banks both stateside and abroad, we are able to get the client their instrument and subsequently loan against the same instrument. We can start low for client’s that do not have a lot of capital, but are looking for the world. Currently we are dealing with individuals that have 150K and need 108M. We can take the 150K and leverage it for a BG or LC for 1M. Get him a loan against the instrument, and he’ll get 1M. We charge 10% fee, payable on funding of the loan, so he grosses (@95% LTV) 1M x 95% = 950K, less 10% = 855K, less his original 150K to put back in his pocket = 705K. We then take the 750K and leverage it for a 5M BG or LC. We get him the same type of financing loan, and he grosses 4.75M. Less our 10% fee again, = 4.275M. Pay back the first LC or BG of 1M, and he nets 3.275M. We can then do the same for a 21.8M LC or BG. Same process and you can see the funds are readily available.

This takes about 15-20 banking days from start of leasing the BG or LC to loaning against the same deal. Not a lot of time when you think that client’s can take 6 months just sorting through broker crap.
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15 Aug 2005

15 Aug 2005

1. Fund First - Fresh Cut MTN 10 years and one day:
Price: 18%+1%+1%
Interest Rate: 7.5%
Minimum Contract Amount: USD 10 Billion up to USD 3 Trillion
Menu: Top 25 W-European banks
First Tranche: USD 500 Million
Screening: Euroclear/DTC

2. Fresh Cut BG 1 years and one day:
Price: 62+1+1
Interest Rate: Zero Coupon
Minimum Contract Amount: USD 2 Billion up to USD 3 Trillion
Menu: Top 25 W-European banks
First Tranche: USD 500 Million
Screening: Euroclear/DTC

3. Seasoned MTNs, 10 years and one day:
Price: 86+2
Interest Rate: 7.5%
Minimum Contract Amount: USD 10 Billion
Menu: Top 25 W-European banks
First Tranche: USD 500 Million

If you are willing and able to purchase please contact me to forward documents' drafts.
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Please, advise of your ability to assist in discounting or providing Loans/Creditlines against our instruments.
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9 Aug 2005

1. BG, fresh Cut, Top West European or North American Bank
• Amount: Euros 100 Million
• Price 60%
2. We are looking to Lease a BG issued by a well rated bank.
• Amount: USD 500 Million
• Maturity: One year renewable for five years;
3. We are also looking to lease a BG
• Amount: USD 10 Million
• Maturity: One year

Please send your offers to us.
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I am a college instructor in the Ateneo de Zamboanga University in the Philippines. I am teaching in the business school.

I would just like to know if it is possible for me to have a copy or sample of financial instruments? Such documents will be used in the classroom instruction. I would just like to show my students how each financial instrument really look and also I would like to show them the parts of such instruments.
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Please provide CUSIP or ISIN numbers and any required codes so we can look at the notes and make a decision. We normally use the "screen, block, and pay" process. All transactions are handled via our brokerage house and clearing house in the U.S.
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We offer worldwide services to Individuals, Partnerships, Corporations, Governments, Pension Funds, Trusts and Non-Profit organizations.

For solid international projects we will provide unencumbered, unrestricted, cash backed "AA" rated financial instruments ($10M-$500M+) such as; Bank Guarantees (BG), Medium Terms Notes (MTN), Standby Letter of Credits (SBLC) & Safekeeping Receipts (SKR). We are also direct to PPP.
Please serious inquires only.
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4 Aug 2005

4 Aug 2005

I am next to three mandates who exchange G-7 currencies. I need counter parties who would be interested in Leger-2- leger and MT 103 procedures only. No MT 760/799 please. Transaction procedures will be provided on request.

I also have solid buyer of MTNs utilising the "Buyer ticket procedures" RWA to close 3x 500B deals in 24 hours. The buyer is a member of LMBA and have closed a 400B deal with them. So I know what they can do!
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27 July 2005

Please make note of this summary:

(1) The indicative price structure for an SBLC or a Bank Guarantee is as follows:
- (1.a) Face Amount of SBLC or Bank Guarantee with one year term to maturity issued by major world banks rated AA or better ranging from US$ 10 million to US $500 million.
- (1.b) Pricing, if an AA rated receiving bank provides an undertaking to return the guarantee unencumbered prior maturity and if funds for the arrangements are put on escrow prices range from 14% to 11% p.a.
- (1.c) Pricing if an AA rated receiving bank provides an undertaking to return the guarantee unencumbered prior to maturity and if funds for the arrangements are paid through an irrevocable and confirmed L/C by an AA rated bank prices range from 15% to 12% p.a.
- (1.d) Base Price for a balance sheet enhancement instrument if arrangement fee is put on escrow – SBLC for enhancement only and not for direct lending against instrument! No bank guarantee format possible SBLC only. Prices range from 16% to 13% p.a.
- (1.e) A monthly payment plan is available if two monthly installments are always deposited with escrow agent for the term in advance. SBLC for enhancement only and not for direct lending against instrument! No bank guarantee format possible; SBLC only. Prices range from 3% per month to 2% per month. Minimum SBLC value: US$ 25 million.

(2) Have you or your client the capacity to pay for the arrangement fees?
- (2.a) if payment will be in cash to be placed on escrow, we need a statement of account, or a bank letter addressed to the client, confirming the availability of sufficient cash
- (2.b) if payment through an irrevocable Letter of Credit, we need a confirmation letter issued by the bank of the client addressed to the client, confirming the bank’s willingness to issue such a Letter of Credit up to an amount of “X” dollars Before you try to get any further details or information from us regarding SBLC or BG leasing, we need to see your valid proof of your financial capacity as to (2) above. ANY ENQUIRIES WITHOUT THIS, WILL NOT BE DEALT WITH AND YOU CAN NOT EXPECT TO RECEIVE A REPLY.

(3) How do you intend to secure our financial interests in respect to the capital risk? There is a lot of broker talk around leasing of Standby Letters of Credit and Bank Guarantees. A lot of naive brokers seem to believe that instrument leasing is a regular bank service. There is a lot of talk about this possibility, mostly by people who never have issued or caused the issue of such an enhancement instrument and who have no idea of the risks involved. Just imagine an unknown person in another part of the world would ask you to lend him $1000 in cash dollar notes for one year. In return, he promises, to pay you $ 60 once you hand over the one thousand dollars ($1000.00) cash, and he promises the return of money in one year. You would never do this, if you would not be 100% secured for the principal amount, right? You also should be aware that a bank never causes the issue of a bank guarantee or a Standby Letter of Credit. It is always a client of the bank who instructs the bank to do this. So there has to be a funder behind such a transaction. Funders are not in the business to (possibly) lose money. They want to secure their interests. On transactions that have a chance to materialize, the question really is how trustworthy is the beneficiary, what is the intended use of the financial instrument and how can a funder secure his interests in case the beneficiary defaults and the beneficiary’s receiving bank asks for payment at maturity.
- (3.a) is the receiving bank aware of the fact that you lease this instrument?
- (3.b) are they prepared to provide an undertaking to return the instrument prior maturity? If there is no undertaking provided by the receiving bank to return the instrument prior maturity, it is not possible to directly take a loan against the instrument and fee payment can not be accepted in form of an irrevocable confirmed payment guarantee (L/C) Such an instrument would be strictly for balance sheet enhancement – not direct lending. Cash funds will have to go on escrow to pay for the arrangement fees.
- (3.c) If your bank is not completely aware of your arrangements with the provider, how will you secure the interests of the arranger of the instrument in order to eliminate any eventual claim of the principal sum at maturity?

(4) Procedures to obtain an SBLC or Bank Guarantee for enhancement
(4.a) Client provides an informal application letter indicating preferred mode of payment. Proof of financial capacity has to be attached to the application to be considered. (see 2.a and 2.b above)
(4.b) If client is formally approved by the credit committee, a confirmation will be issued to the client as a form of mutual understanding of the transaction.
(4.c) If client is in full agreement with all aspects of this confirmation, contracts will be drafted by a legal service provider for the client and at the client’s expenses.
(4.d) Contracts are reviewed by the client’s legal and financial advisors, and signed
(4.e) Client arranges an irrevocable bank guarantee for payment of the arrangement fees, or places cash funds on escrow for that purpose.
(4.f) Pre-Advice is sent, or depending upon the requested transaction, the actual instrument is issued, verified and payment released.

(5) Pre Advice:
A Pre Advice is possible at a rate, starting from US$ 350,000 placed on escrow at time of contract. The Pre-Advice can be either a text similar to our suggested draft, or the transmission of the SBLC marked “This is not an operative instrument” or a simple confirming SWIFT message stating that the bank is ready willing and able to issue such an instrument. A Pre Advice text message can be quite flexible to match the beneficiary’s needs at the receiving bank.

As an alternative, we can actually deliver CASH TO YOUR ACCOUNT if your bank is willing to manage the funds.