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