SBLC Meaning & bg sblc provider

Standby Letter of Credit provider, bg sblc provider

SBLC Meaning & bg sblc provider

SBLC Meaning & bg sblc provider

What is Standby Letter of Credit (SBLC or SLOC)? A standby letter of credit (SBLC or SLOC) is a legal document that guarantees a bank’s commitment of payment to a seller in the event that the buyer–or the bank’s client–defaults on the agreement. Grand City Investment Limited is a Standby Letter of Credit provider, bg sblc provider, bank guarantee provider, Real SBLC Provider, bank instrument provider, Lease SBLC, SBLC Funding, SBLC Financing & BG SBLC Monetization, We are monetizers of bank instruments.

Standby Letter of Credit provider, bg sblc provider, bank guarantee provider, Real SBLC Provider, bank instrument provider, Lease SBLC, SBLC Funding, SBLC Financing, Uses of SBLC, SBLC Process

A standby letter of credit helps facilitate international trade between companies that don’t know each other and have different laws and regulations. Although the buyer is certain to receive the goods and the seller certain to receive payment, a Standby Letter of Credit (SBLC or SLOC) doesn’t guarantee that the buyer will be happy with the goods. A standby letter of credit can also be abbreviated SBLC Also, a standby letter of credit is different from a bank guarantee.

How a Standby Letter of Credit Works

A SLOC/SBLC is most often sought by a business to help it obtain a contract. The contract is a “standby” agreement because the bank will have to pay only in a worst-case scenario. Although an SBLC guarantees payment to a seller, the agreement must be followed exactly. For example, a delay in shipping or a misspelling a company’s name can lead to the bank refusing to make the payment.

What is the difference between SBLCs and LCs?

A Standby Letter of Credit is different from a Letter of Credit. An SBLC is paid when called on after conditions have not been fulfilled. However, a Letter of Credit is the guarantee of payment when certain specifications are met and documents received from the selling party.

Both the regular letter of credit and standby letter of credit are payment instruments used in international trade. However, there are some basic differences which we will try to explain below.
LC Vs. SBLC
A. LC: A letter of credit is a promise from the bank that the buyer i.e. importer will fulfill his payment obligation and pay the full invoice amount on time. The role of the issuing bank is to make sure that the buyer pays. In case the buyer is unable to fulfill his obligation, the bank will pay to the seller i.e. the exporter, but the funds come from the buyer.
B. SBLC: A standby letter of credit is a secondary payment method where bank guarantees the payment when terms of the letter of credit are fulfilled by the seller. It is a kind of additional safety net for the seller. The buyer may not pay the seller due to multiple reasons such as cash flow crunch, dishonesty, bankruptcy, etc. But as long as the seller meet’s the requirement of a standby letter of credit, the bank will pay.

LC vs SBLC | Grand City Investment Limited

The purpose of this letter is to establish a bank guarantee for the deal or transaction with a third party. For example, if an individual wishes to take a loan, but does not have a sufficient credit standing, the bank may then ask for a guarantee from another party (third party), and this is done in the form of a standby letter of credit that is issued by another bank. However, the said individual would then have to produce certain documents or evidence to support the non-performance of the buyer to obtain the payment through the SBLC.

The bank is obligated to make payment if the documents presented comply with the terms of contract. Though, the SBLC are considered very versatile and can be used with modifications to suit the interests and requirements of the buyers and sellers.

Letters of credit are used extensively in the financing of international trade, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter, where it assumes the counterparty risk of the buyer paying the seller for goods. The Standby Letter Of Credit (SBLC) is governed by a set of guidelines known as the Uniform Customs and Practice (UCP 600), which was first created in the 1930s by the International Chamber of Commerce (ICC).

Uses of SBLC

An SBLC is frequently used as a safety mechanism for the beneficiary, in an attempt to hedge out risks associated with the trade. Simplistically, it is a guarantee of payment which will be issued by a bank on the behalf of a client. It is also perceived as a “payment of last resort” due to the circumstances under which it is called upon. The SBLC prevents contracts going unfulfilled if a business declares bankruptcy or cannot otherwise meet financial obligations.

Furthermore, the presence of an SBLC is usually seen as a sign of good faith as it provides proof of the buyer’s credit quality and the ability to make payment. In order to set this up, a short underwriting duty is performed to ensure the credit quality of the party that is looking for a letter of credit. Once this has been performed, a notification is then sent to the bank of the party who requested the Letter of Credit  (typically the seller).

In the case of a default, the counter-party may have part of the finance paid back by the issuing bank under an SBLC. Standby Letter of Credit’s are used to promote confidence in companies because of this.

Types of Standby Letters of Credit (SBLC/SLOC)

  • Performance SLOC
    • Performance standby letters of credit ensure the non financial contractual obligations (quality of work, amount of work, time, cost, etc.) are performed in a timely and satisfactory manner. If these obligations are not met, the bank will pay the third party in full.
  • Financial SLOC
    • Financial standby letters of credit ensure financial contractual obligations are fulfilled. Most SLOCs are financial.
    • Financial SLOCs are often required when performing international trade or other large purchase contracts under which other forms of payment protections (such as litigation in the event of non-payment) can be difficult to obtain.

Advantages of a Standby Letter of Credit (SBLC / SLOC)

The SLOC is often seen in contracts involving international trade, which tend to involve a large commitment of money and have added risks.

For the business that is presented with a SLOC, the greatest advantage is the potential ease of getting out of that worst-case scenario. If an agreement calls for payment within 30 days of delivery and the payment is not made, the seller can present the SLOC to the buyer’s bank for payment. Thus, the seller is guaranteed to be paid. Another advantage for the seller is that the SBLC reduces the risk of the production order being changed or canceled by the buyer.

An SBLC helps ensure that the buyer will receive the goods or service that’s outlined in the document. For example, if a contract calls for the construction of a building and the builder fails to deliver, the client presents the SLOC to the bank to be made whole. Another advantage when involved in global trade, a buyer has an increased certainty that the goods will be delivered from the seller.

Also, small businesses can have difficulty competing against bigger and better-known rivals. An SBLC can add credibility to its bid for a project and can often times help avoid an upfront payment to the seller.

Cost of SBLC

Grand City Investment Limited are lc, bg and sblc providers, our sblc leasing fee is 4% leasing fee per year. If the bg / sblc is needed for more than one year, there will be an option of rolls and extensions where applicable. If the terms of the contract are fulfilled early, the customer can cancel the BG/SLBC without incurring additional charges.

What is BG SBLC funding, SBLC Financing & BG/SBLC Monetization?

SBLC financing or bank guarantee funding or bg sblc monetization is the process of converting a bg bank guarantee or sblc into a legal tender.

Grand City Investment Limited is a bg sblc monetizers. We can arrange bg / sblc for your import and export transactions, credit enhancement as well as in your trade finance transactions. We can also discount or monetize a bg or sblc @ 75% LTV.

DESCRIPTION OF BUY/PURCHASE BANK INSTRUMENT (BG/SBLC/SLOC)

1. Instrument:                BG (Bank Guarantee) Standby Letter of Credit (SBLC), cash-backed,
2. Total Face Value:          Eur/USD 2 Million (Min) to Eur/USD 500m (Max)
3. Issuing Bank:              HSBC Hong Kong, Barclays Bank London, Deutsch Bank AG, Frankfurt  or any AA Rated Bank.
4. Term / Age:                One (1) Year and One (1) day, Fresh Cut
5. Invoice Price:              45% Net and 47% Gross of the face value of each BG/SBLC to the Seller, including 2% consultancy fees as per IMFPA.

6. Consultation Fee:       In total of 2%, which is to be split and paid to the consultants as follows:

1% to …(Seller’s Mandate).., paid by the Seller/Payer-1

1% to ………………………, paid by the Buyer/Payer-2 7. Delivery of instrument:          Bank-To-Bank by SWIFT MT-760, as per the Schedule of Delivery of Buy-Sell Agreement

8. Payment for instruments:                   By SWIFT MT-103 wire transfer
9. Original Hard Copy:                 By bonded courier to Buyer’s designated Depository Bank within Seven (7) bank working days after receipt of BG/SBLC(s) settlement payment by SWIFT MT-103 into the Seller’s account.

BELOW IS THE DESCRIPTION OF LEASE BANK INSTRUMENTS (BG/SBLC/SLOC)

1. Instrument:               Fully Cash Backed Bank Guarantee {BG} or StandBy Letter of Credit {SBLC}
2. Total Face Value:       USD 2Million (Min) to USD 500m (Max)
3. Issuing Bank:             HSBC Hong Kong, Barclays Bank London or any prime Bank.
4. Age:                        One Year and  One Day (with rolls and extensions where applicable)
5. Leasing Price:            4%  (+ 2% brokers commission where applicable) 2% broker commission applies to clients that were introduced by brokers
6. Delivery:                   SWIFT MT-760
7. Payment:                  MT103  Wire Transfer
8. Hard Copy:                Bonded Courier within 7 banking days.9. Bank Transmission fee: Depends on the face value of the bank instrument

How to Obtain a Standby Letter of Credit

The standby letter of credit process is similar to that of obtaining a commercial loan, with a few key differences.

As with any business loan, you will need to provide proof of your creditworthiness to the bank. However, the SLOC approval process is much quicker, with letters often being issued within a week of all paperwork being submitted.

When it comes to issuance, leasing, funding and monetization of any bank instrument such as bank guarantee, standby letter of credit, bg sblc, getting to the finish line is all that counts and that’s what we excel in at Grand City Investment Limited.

Below are a few of the things that make us unique and different from other companies.

1. We are a Government of Hong Kong Licensed Money Lender that Is Legally Registered in Hong Kong since May 29, 1984, that is 37 years of successful service and excellence.
2. we issue bg, dlc and sblc from world class banks such as Citibank New York, Chase Bank, Welsfargo Bank, Bank of America, Credit Suisse, Barclays bank London, HSBC Hong Kong or HSBC London, Standard Chartered Bank London, Dubai or Hong Kong, UBS Switzerland, Deutsche Bank AG Germany or any prime bank of choice.
3. We issue bg sblc in both usd or Euro Currencies, if you pay in usd we Issue in usd & if you Pay in Euro, we issue in Euro.
4. Your Privacy is our Priority, we do not share your data or Business Transactions with third parties.
5. Since 1984 till date No Customer has ever had a failed transaction with us. We have 99% success rate.
6. Brokers Always Welcomed & Protected against possible circumvention.
7. We have solutions for every customer in every industry.
8. We are Efficient, Consistent, Transparent & Reliable
9. We are straight to the point
10. Experienced and qualified staff
11. Extremely Satisfied Clients

12. No prepayment penalty
13. Fast Approvals Closing

14. No Hidden Fees or charges
Therefore, if you are looking for Lease or Rent Bank Guarantees, bg, dlc sblc, L/C or loans and project funding then you have come to the right place. Kindly contact us today for all your financial needs.
NOTICE TO BROKERS/AGENTS/COMPANY REPS:  We value and appreciate brokers who are direct to their clients. New brokers are welcomed and compensated with between 1% to 2% commission on every deal. Here are a few of the many benefits of being a Grand City Investment broker:

SBLC Meaning & bg sblc provider

SBLC Meaning & bg sblc provider

  • Professional Support for brokers
  • Earn between 1% to 2% Commission on Every Deal
  • No Broker Chains, So please Be Direct to your clients
  • Brokers are 100% Protected Against Possible Circumvention.
  • Wide Range of Financial Instruments to choose from such as bg sblc issuance & Monetization Programs.
Email: apply@grandcityinvestment.com | grandcityinvestment@protonmail.com
Telephone: +852 8191 7151
Skype:  dr.williams09787

 

1 Comment
  • Arif Khan
    Posted at 12:58h, 20 September

    Dear sir
    Ours is an IT company, based in Moscow. we are in need of funds of 20 million euros as working capital and launching of our IT product.

    How can be you helpful in this regard

Post A Comment

You cannot copy content of GrandCityInvestment Site.

pacutoto99 luar thailand sv388 luar digmaan ws168 toto slot777 sv388 digmaan ws168 s128 akun pro platinum akun pro jepang akun pro thailand upgrade akun pro scatter hitam pacutoto99 sv388 digmaan ws168 s128 akun pro platinum akun pro jepang akun pro thailand upgrade akun pro scatter hitam daftar-pacutoto99 agen-live-casino mega-wheel-pacutoto99 link-alternatif-pacutoto99-login download-apk-pacutoto99 slot-pacutoto99 login-pacutoto99 link-alternatif-pacutoto99 rtp-pacutoto99 garansi-kekalahan-pacutoto99 akun-pro-thailand akun-pro-taiwan akun-pro-myanmar akun-pro-vietnam akun-pro-hongkong akun-pro-swiss akun-pro-singapore akun-pro-china akun-pro-amerika akun-pro-korea sabung-ayam-online sabung-ayam-slot sabung-ayam-bangkok game-sabung-ayam-online login-sabung-ayam-sv388 situs-judi-sabung-ayam situs-judi-sabung-ayam-online-24-jam link-sabung-ayam-online agen-sabung-ayam siaran-langsung-sabung-ayam-thailand slot server luar slot gacor 88 slot gacor 777 slot gacor 4d slot server thailand slot server jepang slot server singapore toto togel macau togel kamboja data togel hk slot toto 4d scatter hitam slot 777 robopragma spaceman slot slot gacor 88 dana toto sbobet sabung-ayam-online sv388 scatter hitam slot server luar slot server thailand slot server jepang slot server singapore slot gacor 88 slot gacor 777 slot gacor 4d pacutoto 99 akun-pro-thailand akun-pro-taiwan akun-pro-myanmar akun-pro-vietnam akun-pro-hongkong akun-pro-swiss akun-pro-singapore akun-pro-china akun-pro-amerika akun-pro-korea robopragma apk slot-dana slot-bca slot-bri sv388 scatter hitam slot server luar slot server thailand slot server jepang slot server singapore dubai slot pacutoto99 slot-pacutoto99 login-pacutoto99 link-alternatif-pacutoto99 daftar-pacutoto99 sabung-ayam-pacutoto99 link-terbaru-pacutoto99 download-apk-pacutoto99 rtp-pacutoto99 garansi-kekalahan-pacutoto99 scatter hitam slot server luar slot server thailand slot server jepang slot server singapore dubai slot link-alternatif-sbobet link-sbobet sbobet-login bandar-bola-ibcbet ibcbet situs-judi-bola-resmi-asia agen-bola liga-bola-online roulette-pacutoto99 togel-sgp-pacutoto99 sabung-ayam-online sabung-ayam-slot sabung-ayam-bangkok game-sabung-ayam-online login-sabung-ayam-sv388 situs-judi-sabung-ayam situs-judi-sabung-ayam-online-24-jam link-sabung-ayam-online agen-sabung-ayam siaran-langsung-sabung-ayam-thailand live-casino-online casino-online casino-online-terpercaya pp-live-casino asiagaming-live-casino judi-casino-online bandar-live-casino-online baccarat-online baccarat-casino-online live-baccarat-online garansi-kekalahan scatter-hitam slot-deposit-dana euro-parlay bola-parlay daftar-pacutoto99 agen-live-casino mega-wheel-pacutoto99 link-alternatif-pacutoto99-login togel-online slot-zeus slot-mahjong-ways slot-tembak-ikan-online tembak-ikan-uang-asli tembak-ikan-deposit-10ribu slot 777 scatter hitam slot gacor hari ini pacutoto99 slot-bonanza1000 slot-zeus slot-mahjong-ways slot-tembak-ikan-online tembak-ikan-uang-asli tembak-ikan-deposit-10ribu slot-deposit-pulsa link-daftar-pacutoto99 slot-gacor-hari-ini slot-maxwin slot-bonanza1000 slot-zeus slot-mahjong-ways slot-tembak-ikan-online tembak-ikan-uang-asli tembak-ikan-deposit-10ribu slot-deposit-pulsa link-daftar-pacutoto99 slot-gacor-hari-ini slot-maxwin link-alternatif-sbobet link-sbobet sbobet-login bandar-bola-ibcbet ibcbet situs-judi-bola-resmi-asia agen-bola liga-bola-online mega wheel roulette togel sgp togel sdy togel hk rtp pacutoto99 slot server luar slot toto sv388 digmaan spaceman demo scatter hitam akun-pro-platinum akun-pro-turki akun-pro-amerika akun-pro-singapore akun-pro-korea akun-pro-monaco akun-pro-italia akun-pro-inggris akun-pro-israel akun-pro-dana akun-pro-kamboja akun-pro-rusia akun-pro-jepang akun-pro-malaysia akun-pro-thailand akun-pro-taiwan akun-pro-myanmar akun-pro-vietnam akun-pro-hongkong akun-pro-swiss hitam slot toto judi bola pacutoto99 scatter-hitam slot-luar slot-thailand slot-kamboja slot-filipina slot-jepang slot-rusia slot-malaysia slot-amerika slot-hongkong slot-singapore slot-dubai roulette-pacutoto99 togel-sgp-pacutoto99 togel-sdy-pacutoto99 rtp-pacutoto99 princesx1000 garansi-kekalahan scatter-hitam slot-deposit-dana euro-parlay bola-parlay Syair-Togel-Pacutoto99 Togel-HK Siang Togel-HK Malam Togel-SGP Togel-Sydney Togel-Taiwan Live-Casino-Resmi Live-Casino-Uang-asli Agen-Live-Casino mega-wheel-pacutoto99 pacutoto99 slot-server-luar slot-server-thailand slot-server-kamboja slot-server-filipina slot-server-jepang slot-server-rusia slot-server-malaysia slot-server-amerika slot-server-hongkong slot-server-singapore slot-server-dubai spaceman-demo-slot-pragmatic-maxwin live-casino-online komunitas-togel-online judi-togel-online link-alternatif-pacutoto99 daftar-pacutoto99 sabung-ayam-pacutoto99 link-terbaru-pacutoto99 situs-judi-sabung-ayam-online-24-jam casino-online slot-tergacor bca slot bri slot bni slot mandiri slot seabank slot bsi slot dana slot ovo slot linkaja slot shopeepay slot pulsa slot gopay slot thailand luar qris dana slot777 robopragma toto jepang live-casino-online casino-online casino-online-terpercaya pp-live-casino asiagaming-live-casino judi-casino-online bandar-live-casino-online baccarat-online baccarat-casino-online live-baccarat-online akun-pro-platinum akun-pro-turki akun-pro-amerika akun-pro-singapore akun-pro-korea akun-pro-monaco akun-pro-italia akun-pro-inggris akun-pro-israel akun-pro-jepang pacutoto99 slot-pacutoto99 login-pacutoto99 link-alternatif-pacutoto99 daftar-pacutoto99 sabung-ayam-pacutoto99 link-terbaru-pacutoto99 download-apk-pacutoto99 rtp-pacutoto99 garansi-kekalahan-pacutoto99 komunitas-togel-online website-pasang-togel forum-togel-online situs-pasang-togel tempat-pasang-togel-online judi-togel-online syair-hk syair-hk-hari-ini syair-hk-malam-ini syair-hk-vip syair-sdy syair-sgp slot server thailand slot server luar slot server kamboja slot server jepang slot server singapore slot qris slot toto robopragma scatter hitam slot raffi ahmad sv388 digmaan akun-pro-platinum akun-pro-turki akun-pro-amerika akun-pro-singapore akun-pro-korea akun-pro-monaco akun-pro-italia akun-pro-inggris akun-pro-israel akun-pro-jepang slot server thailand slot server luar slot server kamboja slot server jepang slot server singapore slot server myanmar slot server rusia slot server hongkong slot server amerika slot server taiwan akun-pro-dubai akun-pro-mesir akun-pro-laos akun-pro-lebanon akun-pro-liberia akun-pro-china aku-pro-macau akun-pro-filipina akun-pro-nigeria akun-pro-wuhan slot 88 slot 4d slot 777 akun pro jepang akun pro platinum scatter hitam robopragma slot 88 slot 4d slot 777 akun pro jepang akun pro platinum scatter hitam robopragma sv388 slot thailand slot hongkong slot platinum slot jepang slot server luar slot amerika slot malaysia slot qris akun pro big855 mahjong ways slot dana slot server luar slot qris slot toto robopragma scatter hitam slot raffi ahmad sv388 digmaan sv388 digmaan slot kamboja slot thailand slot hongkong slot platinum slot myanmar slot amerika slot jepang slot malaysia slot server luar slot qris server taiwan 105 akun pro big855 sv388 digmaan slot kamboja slot thailand slot hongkong slot platinum slot myanmar slot amerika slot jepang slot malaysia slot server luar slot qris server taiwan 105 akun pro big855 akun pro jepangakun pro platinumakun pro thailandakun pro kambojaakun pro malaysiaakun pro taiwanakun pro myanmarakun pro vietnamakun pro hongkongakun pro filipinaakun pro amerikaakun pro rusiaakun pro big855sv388digmaanslot kambojaslot thailandslot hongkongslot platinumslot myanmarslot amerikaslot server luarslot qrisserver taiwan 105akun pro big855sbobetbola gacor 88slot dananolimit citypragmatic slotslot pg softprincess x1000zeus 1000scatter hitamslot totosv388digmaanslot kambojaslot thailandslot hongkongslot platinumslot myanmarslot amerikaslot server luarslot qrisserver taiwan 105akun pro big855akun pro jepangakun pro platinumakun pro thailandakun pro kambojaakun pro malaysiaakun pro taiwanakun pro myanmarakun pro vietnamakun pro hongkongakun pro filipinaakun pro amerikaakun pro jepangakun pro thailandakun pro rusiaakun pro kambojaakun pro malaysiaakun pro myanmarakun pro taiwanakun pro platinumakun pro amerikaakun-pro-filipinaakun-pro-hongkongakun pro big855akun pro jepangakun pro thailandakun pro rusiaakun pro kambojaakun pro malaysiaakun pro myanmarakun pro taiwanakun pro platinumakun pro amerikaakun-pro-filipinaakun-pro-hongkongakun pro big855sv388digmaanslot kambojaslot thailandslot hongkongslot platinumslot myanmarslot amerikaslot server luarslot qrisserver taiwan 105akun pro big855akun pro jepangakun pro thailandakun pro rusiaakun pro kambojaakun pro malaysiaakun pro myanmarakun pro taiwanakun pro platinumakun pro amerikaakun-pro-filipinaakun-pro-hongkongakun pro big855sv388digmaanslot kambojaslot thailandslot hongkongslot platinumslot myanmarslot amerikaslot server luarslot qrisserver taiwan 105akun pro big855sv388digmaanslot kambojaslot thailandslot hongkongslot platinumslot myanmarslot amerikaslot server luarslot qrisserver taiwan 105akun pro big855sv388digmaanslot kambojaslot thailandslot hongkongslot platinumslot myanmarslot amerikaslot server luarslot qrisserver taiwan 105sv388digmaanslot kambojaslot thailandslot hongkongslot platinumslot myanmarslot amerikaslot server luarslot qrisserver taiwan 105slot gacor 88slot gacor 4dslot gacor 777slot kambojaslot thailandslot hongkongslot platinumslot myanmarslot amerikaslot server luarslot qrisserver taiwan 105akun pro jepangakun pro thailandakun pro rusiaakun pro kambojaakun pro malaysiaakun pro myanmarakun pro taiwanakun pro platinumakun pro amerikaakun-pro-filipinaakun-pro-hongkongakun pro big855slot gacor 88 slot gacor 4dslot gacor 777slot kambojaslot thailandslot hongkongslot platinumslot myanmarslot amerikaslot server luarslot qrisserver taiwan 105 pacutoto99 pacutoto99 pacutoto99