SBLC for lease

Trans Capital Corporation Ltd. offers the services of trade and investment financing by exhibiting for client Stand-by letter of credit (SBLC) for lease.

Getting with our help SBLC for lease at Top-25 banks, you company guaranteed to get a loan in every bank for increasing of work capital or financing your own project.  

SBLC for lease Тop-25 is more preferred kind of collateral by lenders. LTV (filling of loan with collateral) for such guarantees is to 75% from nominal. It has the highest index than other types of collateral.  

We offer for our client organization in releasing SBLC for leasing at such banks: HSBC Bank London, Barclays Bank London, Deutsche Bank AG, RBS (UK) or any other Top rated bank on term 1 year and 1 day with the prolongation possibility to 5 years. In some cases, term can be longer.

Payment for leasing is made only after successful transmission (verification) to the Beneficiary bank (lender) with Swift MT 760 during 5-15 days from the day of such transmission.

Commission payment is also made by client with SBLC leasing payment according to IFPA through Swift Wire Transfer – MT103.

By great amount, more than 500M, SBLC transmission is possible with tranches according to earlier agreed with applicant schedule of transmission, which is inseparable part of agreement.

TCC offers to clients 2 variants of releasing SBLC for lease:

  1. SBLC for lease without upfront payments
  2. SBLC for lease with transmission fee

1.  SBLC for lease without upfront payments

TCC Company provides clients with services by organization and releasing Fresh SBLC for lease at banks: HSBC Bank London, Barclays Bank London, Deutsche Bank AG, RBS (UK) or any other Top rated bank without pledge or other upfront payments on term 1 year and 1 day with prolong possibility to 5-9 years.

The leasing price of SBLC for lease by minimal nominal sum from 100M is 6% per year.

The TCC commission for releasing SBLC for lease is from  1 to 3% from nominal.

 

TRANSACTION PROCEDURE: 

1.Receiver submits Letter Of Intent (LOI) with full banking coordinates (there must be sufficient cash funds in this account), Colour copy of Passport , Client Information Sheet , Certificate of Incorporation (if applicable), Corporate Resolution (if applicable)Non-Solicitation StatementIrrevocable Fee Protection Agreement.

2.After conducting due diligence, the Issuer will countersign & seal the LOI and return it to Receiver with the Issuer’s full banking coordinates.

3.Within 24 hours of receiving the signed contract, the Receiver shall instruct the receiving bank to issue BCL/RWA ACQUISITION OF FINANCIAL INSTRUMENT via MT 799 to the Issuer’s designated bank for verification. (As per Appendix A)

4.Within 72 hours banking days upon verification of the BCL/RWA ACQUISITION OF FINANCIAL INSTRUMENT MT799 on bank to bank basis, Issuer will instruct the issuing bank to issue and deliver the Bank Guarantee by MT760 to Receiver’s designated bank for verification and authentication. (As per Appendix B)

5.Within 3 banking days upon verification and authentication and validation of the Bank Guarantee on bank to bank basis, Receiver bank will effect payment of issuing fee of 6% and 2% consultant fee to their respective bank accounts as agreed herewith via MT103 Wire Transfer.

6.Within 7 banking days after receipt of full payment of the issuing fees 6% and 2% commission to agents, the Issuer’s bank will deliver the hard copy of the bank instrument to the Receiver's bank by bank bonded courier.

7.Should Receiver fails to pay the 6% issuing fees within allowed time stipulated in the agreement after confirmation of BG/SBLC in Receiver’s bank account, Issuer will instruct the issuing bank to put a claim on the bank instrument thereby forcing the Receiver's bank to return the bank instrument BG/SBLC to the issuing bank.

8.Transaction is to continue as per agreed tranche schedule.

 

The first step from the client side by releasing SBLC for lease is appeal to TCC Company with application in free form on E-mail:  This email address is being protected from spambots. You need JavaScript enabled to view it.  with information (nominal, bank, short description the aim of SBLC usage, and also providing CIS by client’s company).

One of the most important requirements by releasing SBLC for lease is providing from the client side confirmation about the client solvency for the lease and of commission payment.

As a rule, such confirmation can be: an extract from the client's account, RWA or BCL, which are provided by clients after signing DOA on releasing SBLC for lease and transfer to provider bank through MT 799/999.

Confirmation for leasing and commission payment according to IFPA, in some cases and by separate agreement with client, can be provided by providing scan copy of RWA or BCL on company form of paying-bank with signatory bank officers of this bank according to earlier discussed text and format.

Usage of SBLC for lease is paid by client every year in the sum which pointed in DOA by all the following prolongations on necessary for client term (5-9 years). By the same schedule is made commission payment.

In case not paying, for transferred to Beneficiary bank, SBLC for lease through Swift MT 760 during earlier discussed term on payment (5-15 days), client is recognized as insolvent and by instruction of the issuing bank, SBLC for lease is returned to issuing bank.

That’s why, to avoid such problems, it is necessary for client to provide the proof of funds for lease and commission payment in form BCL/RWA.

Client who got Fresh SBLC for lease has right to appeal to every bank with application on the provision against collateral, given SBLC for lease, financing.

But it will be faster and cheaper for client to appeal to our services by getting the credit against collateral SBLC for lease to our lender.

In this way, without having any collateral or financial guarantee, without financial indexes analysis of your business and without collateral valuation, Your Company can during 2-3 weeks get substantial financing for conducting a successful activity of the company on term to 5-9 years.

 

2.SBLC for lease with transmission fee

TCC Company offers services by releasing Fresh SBLC for lease  at banks: HSBC Bank London, Barclays Bank London, Deutsche Bank AG, RBS (UK) or any other Top rated bank without collateral on terms 1 year and 1 day with prolongation possibility to 5 years.

Total Face Value:       Euro/USD 1,000,000.00 – Euro/USD 5,000,000,000.00 

The leasing cost of SBLC for lease according to nominal provided below:

BG/SBLC Face Value

(USD/EURO)

Leasing cost

Commission

1M – 100M:

3.0%

1%-2%

101M – 999M:

2.0%

1%-2%

        1B – 5B:        

1.0%

1%-2%

TCC commission for releasing SBLC for lease is from 1 to 2% from nominal.

 

SCHEDULE OF BANK TRANSMISSION/ADMINISTRATIVE FEES FOR

PREADVICE MT799 AND/OR BG/SBLC (MT760/MT799)

BG/SBLC Face Value

(USD/EURO)

Bank Transmission/AdministrativeFees

(USD/EURO)

1M – 20M

30,000.00

21M – 50M

35,000.00

51M – 100M

55,000.00

101M – 250M

75,000.00

251M – 500M

100,000.00

501M – 1B

120,000.00

1B and above (In Tranches of 500M each)

(100,000 for each tranche of 500M)

Difference with first variant of releasing SBLC for lease is that client need, after singing the DOA, to pay for transmission according to nominal of SBLC.

Transmission payment is made by client on pointed by provider bank account. As a rule, the Receiver of payment for transmission of Swift МТ 799/760 will be provider’s company.  

 

Procedure of releasing SBLC for lease with transmission fee is following:

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

2.Within three (3) banking days after both parties sign the Agreement, Lessor will issue a Notarized signed and sealed Corporate Refund Recourse Undertaking duly endorsed by the issuing bank to the Lessee guarantying to refund to the Lessee all cost incurred by Lesseeas the transmission/administrativecharges for the transmission of Pre-Advice via Swift MT799 or BG/SBLC via Swift MT760 or both after due execution of the contract and in case of failure on the Lessor’s side the Notarized signed and sealed Corporate Refund Recourse Undertaking guarantees that the Lessor refunds completely the transmission/administrative fees in addition to a the penalty for failure of performance being 1% of the total face value of BG/SBLC.

3.Within three (3) working days after the Lessee receives contract documents including the invoice and refund undertaking from the Lessor, the Lessee will make payment by direct wire transfer into the Lessor’sprovided bank cordinates for the receiving of the bank transmission/administrative charges the bank transmission/administrativefees for the Pre-Advice via Swift MT799 or BG/SBLC via Swift MT760 or both as the case maybe in the amount of XXX, 000.00 Euro/USD.

4.Within two (2) banking days after confirmation of receipt of payment of the bank transmission/administrative fees charges for the BG/SBLC via Swift MT760 or Pre-Advice via Swift MT799 or both in Lessor’s bank account, the Lessor will deliver the Pre-Advice or BG/SBLC via Bank to Bank confirmation of Swift MT799 or MT760 to the Lessee’s banker including the hard copy of the BG/SBLC via bank bonded courier in Seven (7) banking days.

5.Lessee sends out Leasing fees by Swift MT103to the Lessor deducting the initially paid bank transmission/administrative fees and the brokers their commission fees (1+Х)% of total Face Value by wire transfer within Thirty (30)days upon delivery, confirmation and verification of BG/SBLC by MT760 in the Lessee’s nominated account and BG/SBLC hard copy in the Lessee’s nominated bank. 

6.Should the Lessee not deduct the bank transmission/administrative charges from leasing fees paid, the Lessor shall refund bank charges to Lessee by direct wire transfer within three (3) banking days upon payment of the leasing fees.

7.Any unauthorized calls by any party or its representative lawyers to probes or communication in an improper way to bank(s) in this transaction shall be prohibited and contract terminated.

Should the Lessee default to pay the leasing fees to the Lessor and the brokers commission fees as agreed after Thirty (30) banking days of confirmation of BG/SBLC MT760 in lessee's bank account, Lessor will instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Lessee's bankers to return the BG/SBLC MT760 to the issuing Bank. 

Lease and commission payments according to IFPA are made by client during 30 working days from the moment of successful verification Swift MT 760 to the Beneficiary bank.

Should the Lessee default to pay the leasing fees to the Lessor and the brokers commission fees as agreed after Thirty (30) banking days of confirmation of BG/SBLC MT760 in lessee's bank account, Lessor will instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Lessee's bankers to return the BG/SBLC MT760 to the issuing Bank.