Project Funding through SBLC

 

ICL offers 2 additional services for the clients who have applied for SBLC under ICL’s BS1 Package.  The client can choose to Monetize or Trade the SBLC though ICL’s Platform.

Conditions for the Trade or Monetization:

1. The SBLC must be issued through ICL’s BS1 Package.
2. The Face Value of the SBLC must be above 100M
3. You must be prepared to provide all relevant documents for the transaction.

Program Profits

1. 1. 1. For Purchased SBLC
         1. Monetization: We offer about 90% of the Face Value as non-recourse loan to the client. The Instrument is cancelled at the end of the term. The issuance and monetization take about 14 Banking Days.
         2. Trade: We offer about 300% of the Face Value as trade profit in instalment of 42 Weeks. First Instalment is issued on the 15^th Day from the issuance and then weekly. The Instrument is cancelled at the end of the term.
      2. For Leased SBLC
         1. Monetization: We offer about 80% of the Face Value as non-recourse loan to the client. The Instrument is returned at the end of the term. The issuance and monetization take about 14 Banking Days.
         2. Trade: We offer about 200% of the Face Value as trade profit in instalment of 42 Weeks. First Instalment is issued on the 15^th Day from the issuance and then weekly. The Instrument is returned at the end of the term.