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SBLC Program

Stage 1 Client Compliance  
Clients required to complete the Managed SBLC Client Compliance
Application which provides Full Details from the Client as well as Proof of Funds


Stage 2 Audit
Our Legal Department Audits the Client Compliance Application for missing information, inconsistent data,
mistakes and incongruent information.
 

Stage 3 Corrections (If Required)
(If Required) The Client Compliance Application is returned to the client by our Legal Department and the
client is asked to make the necessary corrections, changes or provide additional information as required.


Stage 4 Re-Audit
Our Legal Department Audits the Client Compliance Application for missing information, inconsistent data,
mistakes and incongruent information. Once the Application Passes Audit it moves to Compliance.


Stage 5 Compliance
Our Compliance Team Reviews the Client Compliance Application to check the authenticity of the
information provided, the good standing of the Applicant and that the funds earned by the client will not be
used for an illegal activity such as drugs, guns or money laundering.


Stage 6 Agreement
Our Legal Team then issues a Comprehensive Managed SBLC Agreement that provides full details of the Independent Trustee, SBLC Provider, Protections of the clients Deposit and time lines for the
completion of the transaction.


Stage 7 Independent Trustee Call
We schedule a Phone, Skype or Skype Video Call (the Client chooses his preference) between the Client and
the Independent Trustee where the client can ask as many questions as he desires.


Stage 8 Independent Trustee Meeting (If Required)
(If Required by the Client) We will schedule a Face to Face Meeting between the Client and the
Independent Trustee in the Independent Trustees offices.


Stage 9 Deposit Paid
The Client pays the Deposit and any fees to start the program.
 

Stage 10 Program
The 8 Step Managed SBLC Program commences as follows:
1) SBLC is Ordered
2) SBLC is Created
3) Issuing Banks Sends MT799
4) Receiving Bank Verifies and Authenticates MT799
5) Receiving Bank Replies MT799
6) Issuing Bank receives Receiving Banks MT799
7) Issuing Bank Send MT760
8) Receiving Bank Verifies and Authenticates MT760
 

Stage 11 Funding
Funding is paid in 3 Payments.
A. First Non-Recourse Payment is Completed
B. Second Non-Recourse Payment is Completed
C. Third Non-Recourse Payment is Completed


email: info@gii-ltd.co.uk

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