{"id":695,"date":"2020-10-19T19:34:05","date_gmt":"2020-10-19T19:34:05","guid":{"rendered":"https:\/\/grandcityinvestment.com\/?p=695"},"modified":"2020-10-20T00:17:28","modified_gmt":"2020-10-20T00:17:28","slug":"standby-letter-of-credit-provider","status":"publish","type":"post","link":"https:\/\/grandcityinvestment.com\/se_SP\/standby-letter-of-credit-provider\/","title":{"rendered":"Standby Letter of Credit Provider"},"content":{"rendered":"<h1>Who is a Standby Letter of Credit Provider?<\/h1>\n<div><strong> Standby Letter of Credit Provider is a company like Grand City Investment Limited that provides Standby Letter of Credit Provider (SBLC MT760) and other bank financial instruments to its customers.\u00a0So therefore, Grand City Investment Limited\u00a0is a Standby Letter of Credit Provider,\u00a0bg sblc provider, SBLC Monetizers &amp; SBLCMT760 provider.<\/strong><\/div>\n<div><\/div>\n<h2>What is a Standby Letter of Credit\u00a0(SBLC\/SLOC)?<\/h2>\n<p>A standby letter of credit (SBLC\/SLOC) is a guarantee of payment by a bank on behalf of their client. It is a loan of last resort in which the bank fulfills payment obligations by the end of the contract if their client cannot. A standby letter of credit can also be abbreviated SBLC or SLOC. A standby letter of credit is different from a\u00a0Commercial Letters of Credit.<\/p>\n<p><b><span style=\"font-size: large;\"><a href=\"https:\/\/grandcityinvestment.com\/differences-between-sblc-and-commercial-letters-of-credit\/\">Differences Between\u00a0Standby Letter of Credit\u00a0and Commercial Letters of Credit<\/a><\/span><\/b><\/p>\n<figure class=\"gmail-wp-block-image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/efinancemanagement.com\/wp-content\/uploads\/2017\/08\/Standby-Letter-of-Credit.png\" alt=\"difference between Standby Letter of Credit &amp; LC | SBLC Vs. LC\" width=\"821\" height=\"619\" \/><\/figure>\n<p>A <strong>letter of credit<\/strong> (<strong>LC<\/strong>), also known as a <strong>documentary credit<\/strong> or <strong>bankers commercial credit<\/strong>, or <strong>letter of undertaking<\/strong> (<strong>LoU<\/strong>), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Trade_finance\" target=\"_blank\" rel=\"noreferrer noopener\">financing of international trade<\/a>, 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 <strong>Standby Letter Of Credit (SBLC)<\/strong> 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).<\/p>\n<p><strong>So What Is The Key difference<\/strong>: The \u2018Letter of Credit\u2019 and the \u2018Standby Letter of Credit\u2019 are two legal bank documents that are used by international traders. Both these letters are used to ensure the financial safety between the supplier and their buyers. And, SBLC is a type of LC that is used when there is a contingent upon the performance of the buyer and this letter is available with the seller to prove the buyer\u2019s non-performance during the sale.<\/p>\n<p>top letters of credit providers, real SBLC Providers, genuine SBLC providers, lease sblc providers, lease bg sblc providers, bank instrument providers, Financial SBLC, Financial SBLC provider, Financial SBLC, SBLC discounting, SBLC Monetizers, HSBC LC and SLBC are the two financial instruments that are meant to safeguard the financial interests of the international traders i.e. buyers and sellers. It simply means that both these terms are widely useful while making transactions between the two trading parties. These help in giving financial security to both the parties. Also, these contracts are produced in good faith and in both the cases the fund gets mobilized.<\/p>\n<p>During a transaction, the buyer wants an assurance of receiving his product or merchandise on time, and the seller wants his security of being paid on time at the completion of the job. Here, a letter of credit is issued, for it is an assurance or a type of guarantee that the seller will receive his correct payments in time by the clients. The LC solves both the issues by bringing in the buyer\u2019s and seller\u2019s banks into the transaction.<\/p>\n<p>The issuing bank of the buyer, then, opens a LC in the favor of the seller and states that the seller will be paid and that he or she will not suffer any damages or losses because of the non-payment of the buyer. Though, the money transfer to the seller will only be initiated after all the conditions or documents of the contract are completed. However, the bank also safeguards the interest of the buyer by not paying the supplier until it receives a confirmation from the supplier that the goods have been shipped.<\/p>\n<p>Based on this, there are two types of LCs being issued, they are:<\/p>\n<p>Documentary Letter of Credit (DLC) and<br \/>\nStandBy Letter of Credit (SBLC)<br \/>\nNow, the DLC depends on the performance by the supplier, whereas SBLC depends on the non-performance or default on the part of the buyer.<\/p>\n<p>&nbsp;<\/p>\n<p>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.<\/p>\n<p>&nbsp;<\/p>\n<p>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.<\/p>\n<figure class=\"gmail-wp-block-image\">\n<div style=\"width: 936px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/images.theconversation.com\/files\/277925\/original\/file-20190604-69059-1afywat.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=926&amp;fit=clip\" alt=\"Standby Letter of Credit in foreign trade\" width=\"926\" height=\"563\" \/><p class=\"wp-caption-text\">Standby Letter of Credit in foreign trade<\/p><\/div><\/figure>\n<h3 id=\"gmail-m_-123221198381325170m_3850241500998506162m_7076868846375241552m_-6967854736740744169m_6315976153768719746m_6057222675363972913gmail-m_1387407646571206590m_2753523788211576485m_9036756374333942260gmail-block-d61fab71-6a9d-441b-8426-2503498c5ff2\">Standby Letter of Credit Types:<\/h3>\n<div>There are different types of\u00a0Standby Letter of Credit as you can see below:<\/div>\n<p><strong>Financial standby LOC:<\/strong>\u00a0An exporter sells goods to a foreign buyer, who promises to pay within 60 days. If the payment never arrives (and the exporter requires the buyer to use a standby letter of credit) the exporter can collect payment from the importer\u2019s bank. Before issuing the letter of credit, the bank typically evaluates the importer\u2019s credit and determines that the importer will repay the bank. But if the customer\u2019s credit is in question, banks may require\u00a0collateral\u00a0(or funds on deposit) for approval.<\/p>\n<p><strong>Performance standby LOC:<\/strong>\u00a0A contractor agrees to complete a construction project within a certain timeframe. When the deadline arrives, the project is not complete. With a standby letter of credit in place, the contractor\u2019s customer can demand payment from the contractor\u2019s bank. That payment functions as a penalty to encourage on-time completion, funding to bring in another contractor to take over mid-project, or compensation for the headaches of dealing with problems. This is an example of a\u00a0\u201cperformance<em>\u201d<\/em>\u00a0standby letter of credit, and a failure to perform triggers the payment.<\/p>\n<h3 id=\"gmail-m_-123221198381325170m_3850241500998506162m_7076868846375241552m_-6967854736740744169m_6315976153768719746m_6057222675363972913gmail-m_1387407646571206590m_2753523788211576485m_9036756374333942260gmail-mntl-sc-block_1-0-18\"><\/h3>\n<h3 id=\"gmail-m_-123221198381325170m_3850241500998506162m_7076868846375241552m_-6967854736740744169m_6315976153768719746m_6057222675363972913gmail-m_1387407646571206590m_2753523788211576485m_9036756374333942260gmail-mntl-sc-block_1-0-18\">Standby Letter of Credit Advantages:<\/h3>\n<p>An SBLC helps ensure that the buyer will receive the goods or service that\u2019s 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.<\/p>\n<p>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 oftentimes help avoid an upfront payment to the seller.<\/p>\n<p>The SBLC \/ SLOC is often seen in contracts involving international trade, which tend to involve a large commitment of money and have added risks.<\/p>\n<p>For the business that is presented with a SLOC\/SBLC, 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\u2019s 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.<\/p>\n<h3>Standby Letter of Credit\u00a0<strong>Uses:<\/strong><\/h3>\n<p>A standby letter of credit helps facilitate international trade between companies that don\u2019t 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 SLOC doesn\u2019t guarantee the buyer will be happy with the goods.\u00a0\u00a0\u00a0A standby letter of credit is most often sought by a business to help it obtain a contract. The contract is a \u201cstandby\u201d agreement because the bank will have to pay only in a worst-case scenario. Although an sblc\/sloc guarantees payment to a seller, the agreement must be followed exactly. For example, a delay in shipping or a misspelling a company\u2019s name can lead to the bank refusing to make the payment. There are two main types of standby letters of credit:A financial sblc\/sloc guarantees payment for goods or services as specified by an agreement. An oil refining company, for example, might arrange for such a letter to reassure a seller of crude oil that it can pay for a huge delivery of crude oil. Standby letters of credit can help establish trust with your business partners and be a powerful tool to help meet your business goals.<\/p>\n<p>Follow this link to apply for a\u00a0Standby Letter of Credit from prime banks<\/p>\n<h3>Standby Letter of Credit\u00a0<strong>Cost\u00a0<\/strong><\/h3>\n<p>At Grand City Investment Limited, Standby Letter of Credit costs 4% of the SBLC amount per year and if the 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 Standby Letter of Credit without incurring additional charges.<\/p>\n<h3><\/h3>\n<h3>What is Standby Letter of Credit (SBLC) Monetization? How Do You Monetize SBLC??<\/h3>\n<p>SBLC Monetization or monetisation is the process of converting a standby letter of credit (sblc) into money or legal tender.<\/p>\n<p>Grand City Investment Limited are sblc monetizers. We can arrange and assist clients to monetize their Standby Letter of Credit from rated banks. The Standby Letter of Credit Monetization arrangement issues Non Recourse funds to the Client shortly after the Standby Letter of Credit (SBLC) is delivered to the Monetizer.<\/p>\n<p>Our SBLC monetization rate is 80% LTV which is the best rate in the industry, and above all, all our sblc are issued by top AAA rated banks such as HSBC Hong Kong,\u00a0 Citi Bank New York,\u00a0<a href=\"https:\/\/www.barclays.co.uk\">Barclays Bank London<\/a>, Credit Suisse etc.<\/p>\n<p><b>Description of a Standby Letter of Credit For buy or Purchase:<\/b><\/p>\n<p>1. Instrument:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Standby Letter of Credit (SBLC), cash-backed,<br \/>\n2. Total Face Value:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Eur\/USD 2 Million (Min) to Eur\/USD 5B (Max)<br \/>\n3. Issuing Bank:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Citibank New York, HSBC Hong Kong, Barclays Bank London, Deutsch Bank Frankfurt \u00a0or any AA Rated Bank.<br \/>\n4. Term \/ Age: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0One (1) Year and One (1) day, Fresh Cut<br \/>\n5. Invoice Price: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a045% Net and 47% Gross of the face value of each BG\/SBLC to the Seller, including 2% consultancy fees as per IMFPA.<\/p>\n<p>6. Consultation Fee: \u00a0 \u00a0 \u00a0\u00a0In total of 2%, which is to be split and paid to the consultants as follows:<\/p>\n<p>1% to \u2026(Seller\u2019s Mandate).., paid by the Seller\/Payer-1<\/p>\n<p>1% to \u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026, paid by the Buyer\/Payer-2\u00a07. Delivery of instrument: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Bank-To-Bank\u00a0by SWIFT MT-760, as per the Schedule of Delivery of Buy-Sell Agreement<\/p>\n<p>8. Payment for instruments: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0By\u00a0SWIFT MT-103 wire\u00a0transfer<br \/>\n9. Original Hard Copy: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0By bonded courier to Buyer\u2019s designated Depository Bank within Seven (7) bank working days after receipt of BG\/SBLC(s) settlement payment by SWIFT MT-103 into the Seller\u2019s account.<\/p>\n<p><span style=\"font-family: verdana, sans-serif;\"><b>\u00a0 Description of a Standby Letter of Credit For lease or rent:\u00a0<\/b><\/span><\/p>\n<p>1. Instrument: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0 Fully Cash Backed Standby Letter of Credit {SBLC}<br \/>\n2. Total Face Value: \u00a0 \u00a0 \u00a0 USD 2Million (Min) to USD 5B (Max)<br \/>\n3. Issuing Bank: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0 HSBC Hong Kong, Barclays Bank London or any prime Bank.<br \/>\n4. Age: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 One Year and \u00a0One Day (with rolls and extensions where applicable)<br \/>\n5. Leasing Price: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 4%\u00a0 (+ 2% brokers\u00a0commission where applicable) 2% broker commission applies to clients that were introduced by brokers<br \/>\n6. Delivery: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 SWIFT MT-760<br \/>\n7. Payment: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 MT103\u00a0 Wire Transfer<br \/>\n8. Hard Copy: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Bonded Courier within 7 banking days.9. Bank Transmission fee: Depends on the face value of the bank instrument<\/p>\n<h3><\/h3>\n<h4>These are the top 7 reasons why many Standby Letter of Credit transactions fail.<\/h4>\n<p><strong>1<\/strong>. <b>Free\u00a0Standby Letter of Credit\u00a0Without Upfront Fees <\/b> \u2013 Many people are under the false illusion that they can close a Standby Letter of Credit transaction free of charge without spending any money upfront. They want the <b>Standby Letter of Credit provider <\/b>to pay any upfront fees so that they can complete the sblc transaction for free of charge without spending anything. However, there is no such thing in the world as a free bg sblc, and every customer must have the capacity to pay any fees or costs associated with the bg sblc transaction, if you don\u2019t pay this fee nobody will pay it for you. This is the number one reason why many SBLC transactions fail. If free bg sblc is possible I believe that everyone in the world will be a billionaire.<\/p>\n<p>2. <strong>Customers Procedure:<\/strong> Every week we receive Standby Letter of Credit inquiries from people who say they want SBLC to be issued according to their own terms and conditions. Obviously this is not POSSIBLE; Banks and sblc providers do not work according to a customers terms. If you need SBLC or any financial instrument for that matter then you have to follow the bank or sblc providers laid down rules and procedures. This is the second reason why many sblc deals fail.<\/p>\n<p>3. <strong>Cheap Price:\u00a0<\/strong> Greedy people are easily lured by fake artificially low Standby Letter of Credit prices offered by scammers. The simple truth is, when a scammer is not delivering anything real they can afford to offer you the deal of the century. So when it sounds too good to be true then be careful. Price Shopping is the third reason why sblc transactions fail.<\/p>\n<p>4. <strong>Greedy Million Billion Gang:<\/strong> Offers that set forth tranches of $5b, $20b and more, are just pure nonsense. Every week we receive offers from people who claim they need Billion Dollar SBLC or more. Truth is that most people who troll the internet with multi billion dollar SBLC requests do not have any money in their bank account to close the deal. Greed and Ignorance will make you lose your sense of reasoning. Many people don\u2019t want to hear these things because truth hurts but we will keep saying the truth regardless.<\/p>\n<p>5. <strong>Bank Endorsed Deed of Agreement (DOA):<\/strong> Banks do not endorse SBLC deed of agreement contracts or LOI. This action would place a financial liability on the bank and they cannot and will not incur that liability on behalf of their depositors. So if you received any offer or document from anyone claiming it has been endorsed by the bank kindly run for your life because it is FAKE.<\/p>\n<p>6.\u00a0<strong> BPU (Bank Payment Undertaken):<\/strong> Banks do not issue BPU to enable a customer to get a financial instrument without paying upfront fee. This is just joker-broker and uninformed customer nonsense. You don\u2019t believe me? Well contact your banker and ask questions. I am a seasoned banker that has worked with some of the world\u2019s biggest banks so I know.<\/p>\n<p>7. <strong>ICBPO MYTH:<\/strong> ICBPO means Irrevocable Conditional Bank Pay Order. Banks do not issue irrevocable conditional bank purchase orders (ICBPO), or any purchase orders, period. Many joker brokers and uninformed clients think they can close a deal with ICBPO. In fact, a bank is precluded from incurring any liability on behalf of a depositor. And, the words \u201cirrevocable conditional\u201d form an oxymoron. No western world bank will issue a MT543, as it is a liability on behalf of the bank. In fact, as of September 1, 2003, the MT543 is gone from the banking world. This is just joker-broker and uninformed customer nonsense. You don\u2019t believe me? Well contact your banker and ask questions.<\/p>\n<div id=\"attachment_360\" style=\"width: 484px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-360\" class=\"size-full wp-image-360\" src=\"https:\/\/grandcityinvestment.com\/wp-content\/uploads\/2020\/05\/grandcity-logo.jpg\" alt=\"Standby Letter of Credit in foreign trade\" width=\"474\" height=\"448\" srcset=\"https:\/\/grandcityinvestment.com\/wp-content\/uploads\/2020\/05\/grandcity-logo.jpg 474w, https:\/\/grandcityinvestment.com\/wp-content\/uploads\/2020\/05\/grandcity-logo-300x284.jpg 300w\" sizes=\"auto, (max-width: 474px) 100vw, 474px\" \/><p id=\"caption-attachment-360\" class=\"wp-caption-text\">Standby Letter of Credit Provider &#8211; Grand City Investment Limited<\/p><\/div>\n<h3>Standby Letter of Credit Process &#8211; How To obtain a Standby Letter of Credit (SBLC)<\/h3>\n<h6><span style=\"font-family: verdana, sans-serif; font-size: small;\">If you are in the market to obtain a standby letter of credit, then <a href=\"https:\/\/grandcityinvestment.com\/how-to-get-a-standby-letter-of-credit-sblc\/\">read this article<\/a> about how to get <\/span><span style=\"font-family: verdana, sans-serif; font-size: small;\">genuine standby letter of credit<\/span><span style=\"font-family: verdana, sans-serif; font-size: small;\"> from rated banks in France, Germany, Switzerland, USA, UK or Dubai.<\/span><\/h6>\n<p>&nbsp;<\/p>\n<div><span style=\"font-size: large;\"><b>Below is a typical example of SBLC application.<\/b><\/span><\/div>\n<div><span style=\"font-size: large;\"><b>\u00a0<\/b><\/span><\/div>\n<div><b><span style=\"font-size: large;\">STANDBY LETTER OF CREDIT (SBLC) APPLICATION<\/span><\/b><\/div>\n<div><\/div>\n<p><strong>Dear ladies and gentlemen,<\/strong><br \/>\n<strong>We, the Ravens Power AG<\/strong> are pleased to submit this letter with the intent to declare our firm interest to lease a Standby letter of credit (SBLC), through Your sources, as follows:<\/p>\n<p>I. The purpose of the SBLC. The SBLC will be used as a partial collateral for an already approved and signed line of credit. The credit line has a term of 15 years and the SBLC will be exchanged upon expiry \u2013 within 11 months, against mortgage for the Real Estate property, that will be acquired by our company, during the first year of the credit term.<\/p>\n<p>II. Subject Stand by letter of credit in the amount of \u20ac100,000.000,00 ( Euros one hundred million ) for the term of one year and one day as per conditions stated below and provided SWIFT Verbiages &#8211;<\/p>\n<div>Article IX of this letter of intent.1. INSTRUMENT: STANDBY LETTER OF CREDIT (BG\/SBLC)<br \/>\n2. TOTAL FACE VALUE: EURO 100,000,000.00 ( one hundred million Euro ) delivered in one tranche<br \/>\n3. RECEIVING BANK : Kantonalbank Switzerland<br \/>\n4. AGE: FRESH CUT<br \/>\n5. EXPIRY OF THE SBLC 1 year and 1 day<br \/>\n6. RETURN OF THE SBLC 21 days before Expiry<br \/>\n7. DELIVERY: BANK TO BANK SWIFT MT 199, MT799 AND MT760<br \/>\n8. PAYMENT: BPU\/MT103<br \/>\n9. HARD COPY: BY BANK BONDED COURIER LATEST 5 DAYS AFTER DELIVERY OF MT760<br \/>\n10. PRICE: To be agreed in % of the Face Value<br \/>\n11. COMMISSION: To be agreed in % of the Face Value<br \/>\n12. VERBIAGES: Article IX of this Letter of Intent<br \/>\nIII. Cost of the SBLC<\/div>\n<div>We are looking forward to receiving your lease price offer and conditions on your market.<br \/>\nIV. Proof of Funds to pay for the SBLC Funds are guaranteed by the Receiving bank via MT799. Please see the Verbiages \u2013 Article IX of this Letter of Intent . The text on the agreed Bank Verbiages may vary in substance, but the essential undertaking must be maintained.V. Payment for the SBLC<br \/>\nA. Within 7 ( seven) banking days after receipt and verification of the SBLC including Hard Copy, by our receiving Bank, provided that the fee of the SBLC will be 8% or lower . This buying price will be guaranteed via MT 799. ( see page 8 of this letter of Intent.)<br \/>\nB. Within 45 ( forty-five ) banking days after receipt and verification of the SBLC including Hard Copy, by our receiving Bank, provided that the fee of the SBLC will be 9% or higher. This buying price will be guaranteed via MT 799. ( see page 8 of this letter of Intent.)VI. Payment of the Commission To be agreed in percentage and time of deliveryVII. No Pre-payments Our credit line allows us to guarantee the Issuer the payment for the instrument directly by Bank Swift and therefore we will not deal with any speculative pre-payment dealers or intermediary that require payment before delivery of the Instrument.<br \/>\nVIII. Recommended procedure<br \/>\na. Provider and Receiver will sign Deed of Agreement, attach CIS, Passport copy of the signatories,<\/div>\n<div>Commercial Register of the parties, and full banking details including the provided SWIFT verbiages,<br \/>\nwhich thereby becomes a full commercial contract with all attachments.<br \/>\nb. Provider \u0301s bank will issue MT199 with the Verbiage as per Annex A to the Receiver\u2019 s Bank<br \/>\nCoordinates stated in this agreement, within 7 banking days after signing this Agreement. The<br \/>\nProvider will deliver a copy of the MT 199 SWIFT bank message to the Receiver \u0301s email address, listed<br \/>\non first page of this DOA, within 1 banking day after issuance.<br \/>\nc. Within 3 banking days the Receiving bank will answer with MT 199, stating their readiness to<br \/>\nreceive the BG\/SBLC (Annex A1 ). The Receiver will deliver a copy of the MT 199 SWIFT answer from<br \/>\nthe bank to the Provider \u0301s email address, listed on first page of this DOA, within 1 banking day after<br \/>\nissuance.<br \/>\nd. Provider \u0301s bank will issue MT799 with the Verbiage as per Annex B to the Receiver\u2019s Bank<br \/>\nCoordinates within 3 banking days. The Provider will deliver a copy of the MT 799 SWIFT bank<br \/>\nmessage to the Receiver \u0301s email address, listed on first page of this DOA, within 1 banking day after<br \/>\nissuance.<br \/>\ne. Receiver\u2019s bank will answer with MT799 with the Verbiage as per Annex B1 to the Provider\u2019s Bank<br \/>\nCoordinates within 3 banking days, stating that they are ready to fulfill the complete agreement,<br \/>\nprovide the credit line to the Receiver and guarantee the payment of the fees plus commissions after<br \/>\nreceipt and verification of MT760 and Hard Copy delivered by Bank Bonded Courier. The Receiver will<br \/>\ndeliver a copy of the MT 799 SWIFT answer from the bank to the Provider \u0301s email address, listed on<br \/>\nfirst page of this DOA, within 1 banking day after issuance.<br \/>\nf. Provider\u2019 s bank issues MT 760 as per Verbiage Annex C and sends Hard Copy to the Receiver. The Provider will deliver a copy of the MT 760 SWIFT bank message to the Receiver \u0301s email address, listed on first page of this DOA, within 1 banking day after issuance.<br \/>\ng. Within 7 banking days after receipt and successful verification and acceptance of the MT760 the Receiver\u2019s bank transfers the lease fee via MT 103 to the designated bank account of the Provider, specified in this agreement for fee below 8%. Within 45 banking days after receipt and successful<br \/>\nverification and acceptance of the MT760 the Receiver\u2019s bank transfers the lease fee via MT 103 to the designated bank account of the Provider, specified in this agreement above 9%.<br \/>\nh. The SBLC will be returned officially by the Receiving Bank to the Issuing Bank 21 days before the expiry unencumbered and free of any charge or lien.<br \/>\ni. The transaction is completed.<br \/>\nIX. VerbiagesVerbiages Terminology:Issuing Bank \u2013 Refers to the Bank appointed by the Provider to Issue the BG\/SBLC Beneficiary Bank \u2013<br \/>\nRefers to the Bank appointed by the Receiver to accept BG\/SBLC Account Number \u2013 Refers to Bank<br \/>\nAccount Number in full form or IBAN Investment Agreement Transaction Code \u2013 Refers to<br \/>\ncompulsory description of this transaction which is stated as following : BOC-DB-BZ-TK-500M0620VERBIAGE \/ ANNEX A<br \/>\nVERBIAGE MT199 RWA (required) FROM ISSUING BANK TO BENEFICIARY BANK (Text may vary in<br \/>\nsubstance, but the essential undertaking must be maintained)ATTENTION: MR &#8230;&#8230;&#8230;.<\/p>\n<p>ON BEHALF OF OUR CLIENT (NAME OF THE COMPANY ) &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.. ACCOUNT NUMBER:<br \/>\n&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;&#8230; WOULD YOU BE SO KIND TO EXCHANGE AUTHORIZATION WITH OUR<br \/>\nINSTITUTION FOR THE FURTHER DELIVERY OF THE BANK GUARANTEE\/STANDBY LETTER OF CREDIT<br \/>\nREFERENCE: ( NUMBER ) &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;..IN AMOUNT OF EUR 100 MILLION (ONE HUNDRED<br \/>\nMILLION EURO) IN FAVOUR OF YOUR CLIENT ACCOUNT : ( NAME OF THE COMPANY ) &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..<br \/>\nACCOUNT NUMBER: &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. FOR A PERIOD OF ONE YEAR AND ONE DAY ASSIGNED FOR<br \/>\nTHEIR FULL USE AND BENEFIT TO SECURE AND GUARANTEE ANY CREDIT OBLIGATIONS. UPON<br \/>\nRECEIPT OF YOUR RESPONSE WE WOULD RECIPROCATE BY OPENING THE BG\/SBLC WITH YOUR GOOD<br \/>\nBANK.<\/p>\n<p>FOR AND ON BEHALF OF &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;. (BENEFICIARY BANK AND ADDRESS) THANKS, AND<br \/>\nREGARDS,<\/p>\n<p>BANK OFFICER: (1) TITLE PIN: BANK OFFICER: (2) TITLE PIN:<\/p>\n<p>VERBIAGE \/ ANNEX A1<\/p>\n<p>RESPONSE OF MT199 FROM BENEFICIARY BANK TO THE ISSUING BANK (Text may vary in substance,<br \/>\nbut the essential undertaking must be maintained)<\/p>\n<p>DEAR SIRS,<\/p>\n<p>WE, &#8230;&#8230;&#8230;&#8230;. KANTONALBANK SWITZERLAND, WITH FULL BANKING RESPONSIBILITY AND LIABILITY<br \/>\nHEREBY CONFIRM ON BEHALF OF OUR CLIENT (NAME OF THE COMPANY) &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;, THAT<br \/>\nWE ARE READY, WILLING AND ABLE TO RECEIVE A BANK GUARANTEE\/STANDBY LETTER OF CREDIT<br \/>\nFROM YOUR GOOD BANK. PLEASE PROVIDE US THE PRE-ADVICE INCLUDING THE DRAFT OF THE<br \/>\nGUARANTEE TEXT.<\/p>\n<p>FOR AND ON BEHALF OF &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;&#8230;&#8230; (BENEFICIARY BANK AND ADDRESS) THANKS, AND<br \/>\nREGARDS, (ISSUING BANK AND ADDRESS).<\/p>\n<p>BANK OFFICER: (1) TITLE PIN: BANK OFFICER: (2) TITLE PIN:<\/p>\n<p><b>VERBIAGE \/ ANNEX B<\/b><\/p>\n<p>VERBIAGE MT799 PRE-ADVICE FROM ISSUING BANK TO BENEFICIARY BANK (Text may vary in<br \/>\nsubstance, but the essential undertaking must be maintained (BG\/SBLC VERBIAGE AS PROVIDED IS<br \/>\nMANDATORY)<\/p>\n<p><strong>ATTENTION: MR. &#8230;&#8230;&#8230;&#8230;,<\/strong><\/p>\n<p><strong>WE (ISSUING BANK AND ADDRESS) &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230; HEREBY CONFIRM WITH FULL BANKING<\/strong><br \/>\n<strong>RESPONSIBILITY THAT WE ARE READY TO ISSUE AND DELIVER ONE (1) BANK GUARANTEE\/STANDBY<\/strong><br \/>\n<strong>LETTER OF CREDIT (BG\/SBLC) ICC FORMAT ON BEHALF OF OUR CLIENT, ( NAME OF THE COMPANY )<\/strong><br \/>\n<strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;&#8230; ORDERING CUSTOMER ACCOUNT NUMBER :<\/strong><br \/>\n<strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. IN THE TOTAL AMOUNT OF EUR 100,000,000.00 (EURO ONE<\/strong><br \/>\n<strong>HUNDRED MILLION ONLY) IN THE LAWFUL CURRENCY OF THE EUROPEAN UNION IN FAVOR OF<\/strong><br \/>\n<strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;. KANTONALBANK SWITZERLAND, CLIENT: (NAME OF THE COMPANY)<\/strong><br \/>\n<strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;., ACCOUNT NUMBER : &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.., . THIS<\/strong><br \/>\n<strong>SWIFT MESSAGE IS VERIFIABLE ON NORMAL BANK &#8211; TO &#8211; BANK BASIS WITH FULL BANKING<\/strong><br \/>\n<strong>RESPONSIBILITY, UPON RECEIPT OF CLEARANCE FROM OUR CLIENT. THERE WILL BE NO LIENS AND<\/strong><br \/>\n<strong>ENCUMBRANCES ON THIS INSTRUMENT WHICH SHALL BE DELIVERED AND AVAILED VIA MT760 AND<\/strong><br \/>\n<strong>EXACT BANK GUARANTEE\/STANDBY LETTER OF CREDIT (BG\/SBLC). THIS PRE-ADVICE IS VALID FOR<\/strong><br \/>\n<strong>SEVEN (7) INTERNATIONAL BANKING DAYS ONLY AS AN OPERATIVE INSTRUMENT, NO MAIL<\/strong><br \/>\n<strong>CONFIRMATION WILL FOLLOW. ALL CHARGES ARE FOR THE ACCOUNT OF RECEIVER.<\/strong><\/p>\n<p><strong>FOR AND ON BEHALF OF&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<wbr \/>&#8230;.. (ISSUING BANK AND ADDRESS) (ISSUING BANK AND<\/strong><br \/>\n<strong>ADDRESS). BANK OFFICER: (1) TITLE PIN: BANK OFFICER: (2) TITLE PIN:<\/strong><\/p>\n<p>THE BG\/SBLC FORMAT SWIFT MT760 AS FOLLOWS: FOR THE VALUE RECEIVED, WE, THE<br \/>\nUNDERSIGNED, (THE ISSUING BANK NAME) &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<br \/>\n(ADDRESS)&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;&#8230;&#8230;.(COUNTRY)&#8230;..<wbr \/>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>, HEREBY ISSUE OUR<br \/>\nIRREVOCABLE, UNCONDITIONAL, TRANSFERABLE, DIVISIBLE, AND WITHOUT PROTEST OR<br \/>\nNOTIFICATION, PROMISE TO PAY AGAINST THIS GUARANTEE NUMBER &#8230;&#8230;&#8230;&#8230;&#8230;.. THE ORDER OF<br \/>\n(COMPANY NAME)&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<wbr \/>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. , THE BEARER OR HOLDER THEREOF, AT MATURITY, THE<br \/>\nSUM OF EURO 100,000,000.00 (EURO ONE HUNDRED MILLION ONLY) IN THE LAWFUL CURRENCY OF<br \/>\nTHE EUROPEAN UNION, UPON PRESENTATION AND SURRENDER OF THIS GUARANTEE AT ANY OF<br \/>\nTHE COUNTERS OF OUR OFFICES AT (ADDRESS) &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;.., (COUNTRY)&#8230;&#8230;&#8230;&#8230;&#8230;&#8230; SUCH<br \/>\nPAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY DEDUCTIONS,<br \/>\nCHARGES, FEES, OR WITHHOLDING OF ANY NATURE PRESENTLY OR IN THE FUTURE IMPOSED,<br \/>\nLEVIED, COLLECTED, WITHHELD OR ASSESSED.<\/p>\n<p>THIS GUARANTEE IS CASH BACKED, DIVISIBLE, ASSIGNABLE AND TRANSFERABLE WITHOUT<br \/>\nPRESENTATION OF IT TO US AND MAY BE RELIED UPON FOR THE PURPOSES OF OBTAINING CREDIT<br \/>\nLINES OR LOANS. EXCEPT AS OTHERWISE EXPRESSLY STATED HEREIN, THIS GUARANTEE IS GOVERNED<br \/>\nAND CONSTRUCTED IN ACCORDANCE WITH THE LAWS OF (COUNTRY) &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. THIS<br \/>\nGUARANTEE IS GOVERNED BY THE UNIFORM RULES FOR DEMAND GUARANTEES AS SET FORTH BY<br \/>\nTHE INTERNATIONAL CHAMBER OF COMMERCE LATEST REVISION OF PUBLICATION 500\/600 URDG<br \/>\n758. YOUR DEMAND FOR PAYMENT SHOULD REACH US NOT BEFORE XX.XX.2021 &lt;fourteen days<br \/>\nbefore expiry&gt; BUT NOT LATER THAN XX.XX.2022 &lt;one day after expiry&gt; AFTER WHICH DATE, THIS<br \/>\nGUARANTEE EXPIRES IN FULL AND SHOULD BE CONSIDERED NULL AND VOID.<\/p>\n<p><strong>VERBIAGE \/ ANNEX B1<\/strong><\/p>\n<p><strong>VERBIAGE MT799 FROM BENEFICIARY BANK TO THE ISSUING BANK<\/strong><\/p>\n<p>ACKNOWLEDGEMENT (DRAFT) BY SWIFT MT799 IN RESPONSE TO THE PRE &#8211; ADVICE SWIFT MT799<br \/>\n(Text may vary in substance, but the essential undertaking must be maintained)<\/p>\n<p>DEAR SIRS, WE &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<wbr \/>KANTONALBANK SWITZERLAND, WITH FULL BANKING RESPONSIBILITY<br \/>\nAND LIABILITY HEREBY CONFIRM ON BEHALF OF OUR CLIENT ( NAME OF THE COMPANY)<br \/>\n&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;, THAT WE ARE READY, WILLING AND ABLE TO RECEIVE THE BANK<br \/>\nGUARANTEE\/STANDBY LETTER OF CREDIT (BG\/SBLC) NO. &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230; DELIVERED BY SWIFT<\/p>\n<p>MT760 AS ADVISED AND PER INVESTMENT AGREEMENT TRANSACTION CODE BOC-DBBZ-TK-<br \/>\n500M0620. WE FURTHER CONFIRM ON BEHALF OF OUR CLIENT ( NAME OF THE COMPANY)<\/p>\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;, THAT THE CREDIT FACILITY IS AVAILABLE FOR THE BG\/SBLC, AND THAT WE<br \/>\nSHALL EXECUTE THE INVESTMENT AGREEMENT ON REQUEST OF OUR CLIENT ( NAME OF THE<br \/>\nCOMPANY) &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;, INCLUDING THE TRANSFER OF EUR &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;..( STATE<br \/>\nCOMPLETE FEE TO BE PAID TO PROVIDER IN EUROS) AS DIRECT INVESTMENT IN FAVOR OF THE<br \/>\nISSUING COMPANY( PROVIDER \u0301S CORPORATE NAME ) &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.. &#8230;&#8230;.ACCOUNT<br \/>\nNUMBER \/ IBAN &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;. SWIFT &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. BANK<br \/>\nADDRESS&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..<wbr \/>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<\/p>\n<p>FOR AND ON BEHALF OF (BENEFICIARY BANK AND ADDRESS)<br \/>\nBANK OFFICER: (1) TITLE PIN:<br \/>\nBANK OFFICER: (2) TITLE PIN:<\/p>\n<p>VERBIAGE \/ ANNEX C<\/p>\n<p>VERBIAGE OF THE &#8220;SWIFT MT760&#8221; FROM ISSUING BANK TO BENEFICIARY&#8217;S BANK (Text verbiage<br \/>\nmust be maintained)<\/p>\n<p>BANK GUARANTEE NUMBER : &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. BENEFICIARY ( NAME OF THE COMPANY)<br \/>\n&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;, ADDRESS HIRSCH GRABEN 31 LUZERN 6300 SWITZERLAND CURRENCY EUR<br \/>\nAMOUNT EURO ONE HUNDRED MILLION ONLY ISSUING DATE XX.XX.2020 MATURITY DATE ONE<br \/>\nYEAR + ONE DAY(FROM ISSUING DATE)<\/p>\n<p>FOR THE VALUE RECEIVED, WE, THE UNDERSIGNED, (BANK NAME) &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;. (ADDRESS)<br \/>\n&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;..(COUNTRY)&#8230;&#8230;&#8230;.<wbr \/>&#8230;&#8230;&#8230;, HEREBY ISSUE OUR IRREVOCABLE, UNCONDITIONAL,<br \/>\nTRANSFERABLE, DIVISIBLE, AND WITHOUT PROTEST OR NOTIFICATION, PROMISE TO PAY AGAINST<br \/>\nTHIS BANK GUARANTEE NUMBER &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;THE ORDER OF ( NAME OF THE COMPANY)<br \/>\n&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;, THE BEARER OR HOLDER THEREOF, AT MATURITY, THE SUM OF EURO<br \/>\n100,000,000.00 (EURO ONE HUNDRED MILLION ONLY) IN THE LAWFUL CURRENCY OF THE<br \/>\nEUROPEAN UNION, UPON PRESENTATION AND SURRENDER OF THIS BANK GUARANTEE AT ANY OF<br \/>\nTHE COUNTERS OF OUR OFFICES AT (ADDRESS)&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. SUCH PAYMENT SHALL<br \/>\nBE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY DEDUCTIONS, CHARGES, FEES, OR<br \/>\nWITHHOLDING OF ANY NATURE PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED, COLLECTED,<br \/>\nWITHHELD OR ASSESSED. THIS BANK GUARANTEE IS CASH BACKED, DIVISIBLE, ASSIGNABLE AND<br \/>\nTRANSFERABLE WITHOUT PRESENTATION OF IT TO US AND MAY BE RELIED UPON FOR THE<br \/>\nPURPOSES OF OBTAINING CREDIT LINES OR LOANS. EXCEPT AS OTHERWISE EXPRESSLY STATED<br \/>\nHEREIN, THIS BANK GUARANTEE IS GOVERNED AND CONSTRUCTED IN ACCORDANCE WITH THE<br \/>\nLAWS OF (COUNTRY)&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<wbr \/>&#8230;&#8230;&#8230;&#8230; THIS BANK GUARANTEE IS GOVERNED BY THE UNIFORM<br \/>\nRULES FOR DEMAND GUARANTEES AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE<br \/>\nLATEST REVISION OF PUBLICATION 500\/600 URDG 758. YOUR DEMAND FOR PAYMENT SHOULD<br \/>\nREACH US NOT BEFORE XX.XX.2021 &lt;fourteen days before expiry&gt; BUT NOT LATER THAN XX.XX.2021<br \/>\n&lt;one day after expiry&gt; AFTER WHICH DATE, THIS BANK GUARANTEE EXPIRES IN FULL AND SHOULD<br \/>\nBE CONSIDERED NULL ANDVOID.<\/p>\n<p>FOR AND ON BEHALF OF (ISSUING BANK AND ADDRESS)<\/p>\n<p>AUTHORIZED OFFICER AUTHORIZED OFFICER<br \/>\n(NAME, TITLE, PIN-CODE)<br \/>\n(NAME, TITLE, PIN-CODE)<\/p>\n<p>X. Special condition<\/p>\n<p>The SBLC will be returned 21 days before expiry date or renewed in mutual understanding at the<br \/>\nsame conditions as agreed for the first issue.<\/p>\n<p>XI. Further Cooperation<\/p>\n<p>With our credit line, we are able to purchase total value of SBLCs in the amount of 500 million Eur . In<br \/>\ncase if you would have one client that wishes to place larger amount with us, ( by lease or purchase )<br \/>\nwe are able to purchase it in 3 tranches : 100 million, 200 Million and 200 Million. They can be<br \/>\ndelivered in about 30 days after each other.<\/p>\n<p>XII. General conditions<\/p>\n<p>This letter of intent is not a binding contract. All details have to be negotiated and executed through<br \/>\na final contract or other agreement. Your formal offer, in case You wish to enter in this transaction,<br \/>\nshould be forwarded to us within 7 (seven) working days.<\/p>\n<p>The following member of Ravens Power AG can be contacted for any additional information or in<\/p>\n<p>on behalf of the Ravens Power AG<br \/>\nSincerely,<\/p>\n<p>Gabriela Weiss<br \/>\nFriedrich A. Breiteneder<br \/>\nDate: 20th of October 2020<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Who is a Standby Letter of Credit Provider? Standby Letter of Credit Provider is a company like Grand City Investment Limited that provides Standby Letter of Credit Provider (SBLC MT760) and other bank financial instruments to its customers.\u00a0So therefore, Grand City Investment Limited\u00a0is a Standby&#8230;<\/p>\n","protected":false},"author":1,"featured_media":663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[442,443,258,228,430,52,444],"class_list":["post-695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-standby-letter-of-credit-sblc","tag-lease-standby-letter-of-credit","tag-purchase-standby-letter-of-credit","tag-sblc-monetizers","tag-standby-letter-of-credit","tag-standby-letter-of-credit-cost","tag-standby-letter-of-credit-provider","tag-standby-letter-of-credit-uses"],"yoast_head":"\n<title>Standby Letter of Credit Provider - Grand City Investment Ltd<\/title>\n<meta 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