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2 - SBLC

 How to Proceed Safely UK

  1. Verify Legitimacy: Check FCA registration (fca.org.uk) for UK firms. Request bank-issued Proof of Funds (PoF) or SWIFT traces.
  2. Process Overview: Submit Client Information Sheet (CIS), sign Deed of Agreement (DOA), receive MT799 pre-advice, then MT760 delivery. Payment post-delivery.
  3. Costs: Expect 40-60% annualized lease rates for BG/SBLC (e.g., 1-year lease on 10M face value ~400k-600k USD). No legitimate provider charges upfront.
  4. Alternatives: For direct bank issuance, approach HSBC or Barclays trade finance desks. For monetization, ensure the instrument is from a top-25 global bank.
 US

  1. Verify Legitimacy: Check FINRA/SEC registration (finra.org or sec.gov) for US firms. Request bank-issued Proof of Funds (PoF) or SWIFT traces. Use tools like the banned providers list from Artley Finance for fraud checks.
  2. Process Overview: Submit Client Information Sheet (CIS), sign Deed of Agreement (DOA), receive MT799 pre-advice, then MT760 delivery. Payment post-delivery via Bank Payment Undertaking (BPU)—but note BPUs are often scam flags.
  3. Costs: Expect 4-8% annualized lease rates for BG/SBLC (e.g., 1-year lease on 10M face value ~400k-800k USD). Legitimate providers charge post-issuance; upfront fees are a scam.
  4. Alternatives: For direct issuance, approach JPMorgan or HSBC trade desks. For monetization, ensure instruments from top-25 US/global banks. If leasing, confirm cash-backing to avoid fakes.

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