Import-export and sourcing Africa, China, South-East Asia, South America and Europe
SALE! Leased Instruments (BGs/SBLCs) for from HSBC and Barclays; $100M minimum
CLOSING PROCEDURES:
1.Beneficiary submits Application, with CIS, corporate resolution and Passport. Client must be prepared to show POF
2.Provider will call client to discuss security deposit(reimbursed), POF, and CONTRACT. Both signatories will sign contract and their full bank co-ordinates of the Collateral Provider and the Beneficiary, if there is any further changes.
3.Collateral Provider's Bank shall issue a SWIFT (MT799) Pre-advice or Letter of Confirmation of the said Bank Guarantee to Beneficiary's Bank that the Bank Guarantee swift is forthcoming.
4.Within two (3) banking days upon successful verification and authentication of the SWIFT Pre-advice/ Letter of Confirmation of the said Bank Guarantee from Collateral Provider's Bank, the Beneficiary Bank shall respond positively to receive the said Bank Guarantee swift for their client's designated bank account.
5.Within two (2) banking days after authentication and verification of the SWIFT Bank Confirmation, Collateral Provider's Bank shall issue the SWIFT (MT760) of the operative Bank Guarantee. Bank to bank confirmation via swift. Can do SBP via Euroclear or DTC.
6.The cost of the BG shall be paid immediately upon drawdown to the Collateral Provider's bank account.
