11/11/17

New SBLC



Note:
*** Required 15% face value POF

Transaction Procedures:
1. Beneficiary issues a full intake package in English of the LOI/DOA duly completed in all respects and signed with Beneficiary’s full banking co-ordinates to include:
 1.1   Client Information Sheet (CIS) – Annex ”A”
1.2   Corporate Resolution (CR) – Annex ”B”.     
1.3   Non-Solicitation Statement (NSS) – Annex ”C”.
1.4   Non-Circumvention and Non-Disclosure Agreement (NCND) – Annex ”D”.
1.5   Irrevocable Fee Protection Agreement (IFPA) – Annex ”E”.
1.6   Beneficiary’s Signatory’s Color Copy Passport Enlarged (140%) – Annex ”F”.
1.7   Beneficiary’s Certificate of Incorporation (COI) – Annex ”G”.       
1.8  Beneficiary List Of Shareholders & Directors issued by the Government – Annex ”H”
1.9  PROOF OF FUNDS LETTER within 5 banking days current for 15% of face value
- (ANNEX ”I”) BANK TEAR SHEET PLUS BANK STATEMENT
1.10   ATV Letter to verify bank POF – Annex ”J”.
1.11 Pre-Advice Swift MT-799 Verbiage – Annex ”K”
1.12 Bank Payment Undertaking Swift MT-799 Verbiage – Annex ”L”
1.13 Swift MT-760 Verbiage – Annex ”M”.
  2. After successful due diligence, Provider countersigns LOI with Provider’s Signatory Color Copy Passport (Annex ”N”) and Certificate Of Incorporation (Annex ”O”) which automatically becomes a Deed Of Agreement.

3. At the agreed window time, Provider’s Issuing Bank will send Pre Advice Swift MT799 (Pre-advice shall be valid for (4) four banking days ONLY) to Beneficiary’s Bank with a courtesy copy by e-mail.

4. Within Three (3) international banking days after verification, authentication and confirmation of the Pre-advise Swift MT799, Beneficiary’s Bank will send Bank Payment Undertaking Letter via Swift MT799 of 8+2% of the face value to PROVIDER’s Bank with a courtesy copy by e-mail.

5. Within Three (3) international banking days upon successful verification and authentication of BPU, PROVIDER’s Issuing Bank sends Swift MT760 to BENEFICIARY’s Bank with a courtesy copy by email.

6 Within Five (5) international banking days upon successful verification and authentication of Swift MT760, Beneficiary’s Receiving Bank will wire transfer invoice price of Eight percent (8%) plus 2% intermediary fees to PROVIDER’s bank via SWIFT MT103 Fed Wire Cash Transfer. Simlutaneously Provider distributes consultant fee (total: 2%) to all intermediaries as per IFPA (2%) and provide a courtesy copy by e-mail

7. Within Seven (7) international banking days upon successful verification and authentication of Swift MT103, Provider’s Issuing Bank will send hard copy of the instrument  by Bank Bonded Courier to Beneficiary’s Receiving Bank with a courtesy copy by email.

8. All subsequent tranches will be based on the same procedures until collateral or funds become exhausted.

9. Fifteen (15) days prior to maturity date of instrument, the Provider’s Receiving Bank will return the instrument to the Issuing Bank unencumbered and free of all liens.

7/18/17

Closing Procedure Sblc



1.       LESSOR CONDUCTS DUEDE AND COMPLIANCE. AFTER DUEDE AND COMPLIANCE RETURNS POSITIVE SELLER EXECUTES, SIGNS AND INITIAL THIS DEED OF AGREEMENT, WHICH THEREBY AUTOMATICALLY BECOMES A FULL RECOURSE CONTRACT PENDING THE TRANSMISSION OF MT799 POF FOR TRANSACTION ACTIVATION.  
2.       AFTER RECEIVING THE COUNTERSIGNED AGREEMENT, WITHIN 3 BANKING DAYS LESSEE’S BANK WILL ISSUE SWIFT MT799 PROOF OF FUNDS TO LESSOR’S BANK (STATING FUNDS AVAILABILITY TO LEASE THE SBLC). LESSEE SENDS COURTESY COPY OF TRANSMITTED SWIFT MT799 POF TO THE LESSOR FOR TRACING. NOTE: LESSOR’S POF VERIFYING BANK SHALL BE DIFFERENT FROM ISSUING BANK.
3.       WITHIN 3 BANKING DAYS AFTER SUCCESSFUL VERIFICATION AND CONFIRMATION OF THE LESSEE’S BANK SWIFT MT799 PROOF OF FUNDS, LESSOR BANK WILL ISSUE MT799 PRE-ADVISE AND DELIVER THE SWIFT MT760 SBLC TO LESSEE’S BANK FOR VERIFICATION AND AUTHENTICATION IN FAVOUR OF LESSEE.
4.       WITHIN 5 BANKING DAYS AFTER VERIFICATION, CONFIRMATION AND AUTHENTICATION OF THE LESSOR'S SWIFT MT760 SBLC, LESSEE BANK SHALL RELEASE BY MT103 WIRE TRANSFER THE FULL PAYMENT OF 6% TO THE LESSOR, PLUS 2% COMMISSION FEE TO LESSEE’S AND LESSOR’S AGENTS IN THE IMPFA.
5.       WITHIN 5 BANKING DAYS AFTER CONFIRMATION OF RECEIPT OF PAYMENT OF THE LEASING FEES, THE LESSOR WILL DELIVER THE HARD COPY OF THE SBLC MT760 TO THE LESSEE'S BANK VIA BANK BONDED COURIER.

#42467

7/10/17

Non-rated Financial Institutions Accepted

A non-rated financial instrument from any non-retailing, non-banking, non-rating financial institution is very difficult to be monetized. I work directly with a private bank / wealth management firm to develop a Managed Sell / Buy Program that accepts a non-rated MT760 SBLC from most non-rated financial institutions. That is not a monetization. MT760 instrument will be deposited in the custodial account with good Canada bank to invest in a managed sell / buy program that trade in commodities mainly. I am a signatory managing that program.

1. Non-rated Financial Institutions Accepted: Soleil Chartered Bank - New York, General Equity - New Zealand,  Suisse Credit Capital Limited - London, Crown Financial and Merchant Bank - London, PLG Capital Bank - St. Lucia, Estrategia Investmento - Brazil,  Axios Credit Bank - Singapore, Trade Bancorp - Canada

2: Instrument Type: MT760 SBLC

3. Minimum SBLC Amount: 20M USD/Euro

4. Credit Line LTV: 20% Credit Line of Face Value,

5. Fixed Monthly Return: 10%

6. Profit Sharing: 70% to Client, 25% performance fee to program management group and 5% commission to the agents. In other word, Client receives 1.4% net of the face value.

7. Duration: 10 Monthly Payment

8. Receiving Banks: Either Royal Bank of Canada or Bank of Montreal, Canada depending on the issuing financial institution / procedure

9. Documents Required: KYC and bank rwa letter, MT760 swift copy or proof of payment receipt a client has already paid to the non rated financial institution.

10. Procedure
     A. KYC and bank rwa letter, MT760 swift copy or proof of payment receipt. A bank rwa email is accepted.
     B. Contract is signed by both parties
     C. Client sends direct MT760
     D; Client receives 1st payment in a month or 21 banking days.
or 
  A. KYC and bank rwa letter, MT760 swift copy or proof of ayment receipt. A bank rwa email is accepted.
     B. Contract is signed by both parties
     C: Client sends MT799 Pre Advice
     D: Receiver sends MT799 Response
     E. Client sends direct MT760
     F; Client receives 1st payment in a month or 21 banking days.


For educational purpose only, here is the profit sample below:

50M USD SBLC x 20% LTV = 10M Credit Line in a Managed Buy/Sell Program
10M X fixed 10% monthly return = 1M Gross Profit
1M x 70% profit share to client = 700K USD net each month  to the Client
700K x 10 monthly payments = 7M net profit, or 14% net profit of 50M