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Instrument Type: Standby letter of Credit (SBLC) or Bank Guarantee (BG) SWIFT MT760
Total Face Value: EURO 10,000,000 to EURO 500,000,000
Currency: EURO(€)
Lending / Borrowing Fee: Euro 10M – 99M Euro 9% of Face Value (total) for a 365 days

Euro 100M – 499M Euro 7% of Face Value (total) for a 365 days

Euro 500M - Euro 5% of Face Value (total) for a 365 days

Commission 2% (two per cent) or as agreed by the BORROWER
SWIFT MT760 Issuing Bank: HSBC, Deutsche Bank, Standard Chartered Bank, Barclays, UBS, Credit Suisse, Commerzbank, BNP Paribas Bank and JP Morgan Chase
Validity: One (1) Year and One (1) Day
Payment: In up to 180 days upon an acceptable payment via PN(B) , or instantly against delivery of the financial collateral and payment agreed with other payment methods (A), (C) or (D)
Payment Mode: (A) Conditional Irrevocable Pay Order (ICPO) endorsed by borrower’s bank, (B) Unconditional Promissory Note endorsed by receiving bank, (C) conditional payment SWIFT MT103, (D) Conditional Documentary Credit to be sent by SWIFT MT 700- All payment options have to be acceptable and approved by the collateral lender


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