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