Selective Financial ServicesWe support Project Finance | Back to Back Solutions | Financial Collateral and Receiving Banks


The SBLC & BG Service

We provide such highly rated collateral for an agreed period of time (350 days at a time, with the possibility to renew) through a 365 day valid Prime Bank Stanby Letter of Credit or Bank Guarantee, fully cash backed, divisible and assignable, emitted on the basis of highly rated securities purchased for you and materialized through a Securities Borrowing and Lending transaction.

The Receiving Bank

The consent from the client’s receiving bank is essential.  If the client’s bank would issue or endorse any of the 4 conditional payment methods ICPO, Promissory Note, conditional SWIFT MT103, conditional DLC SWIFT MT 700, but not provide a confirmation for the safe return of the collateral after the agreed term, then we can still help if optionally the client insures the risk before the transaction is started and the collateral is provided via SWIFT MT760. The receiving bank does not have to be your own bank, as long as it agrees and confirms to return the financial collateral 15 days prior maturity. In that case, the SBLC or BG can also go to a monetizer, a funder, a trade platform or a commodity or oil and gas supplier. If this does not work for you, see our back to back solution or ask your Business Development Officer for our insurance bond option.

The SBLC & BG Issuing Banks

HSBC, Deutsche Bank, Standard Chartered Bank, Barclays, UBS, Credit Suisse, Commerzbank, BNP Paribas Bank and JP Morgan Chase at the option of the Facilitator.

 


Your Terms Sheet | Procedures | How to Start | Application for a Contract | Resources | Verbiage of the Financial Instruments | Questions & Answers | Contact your Business Development Officer

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