How to Purchase Banking Instruments such as Bank Guarantees (BG) and Standby Letter of Credit (SBLC):
Bank Guarantees (BG) or Standby Letter of Credit (SBLC) from World Top Rated Banks can be obtained through our services. Utilizing the International Bank SWIFT.com Network, we facilitate the acquisition of Bank Instruments for clients through SWIFT MT799 followed by SWIFT MT760, ensuring seamless Bank-to-Bank delivery. Our delivery and authentication process is reliable and efficient, incorporating Independent Verification via Swift.com. Once all parties have executed the Purchase BG or SBLC Deed of Agreement (DOA), we initiate the transmission of SWIFT MT799 followed by SWIFT MT760 to your designated bank coordinates. Throughout the process, our Independent Trustee and Industry Veterans provide comprehensive monitoring and guidance to ensure the utmost protection.
Advantages of Purchasing BG/SBLC from HolyGrail Capital:
- Our Bank Guarantees (BG) or Standby Letters of Credit (SBLC) originate from renowned World Banks like HSBC PLC UK and Barclays PLC London, ensuring top-tier quality.
- Purchased Bank Guarantees (BG) or Standby Letters of Credit (SBLC) are offered in Euro or USD Currency, featuring 3 layers of safeguarding.
- Purchase Rates range from 38+2 to 48+2, depending on the contract size and instrument purpose.
- We provide diverse purchase options, including a small initial security deposit fully protected under Bank Escrow until MT799/MT760 authentication and verification, with full refund upon successful verification and payment.
- Clients with sufficient KYC/CIS and Proof of Funds (POF) can benefit from $0 upfront transmission fee options.
- Personalized consultations with our BG/SBLC specialists and legal representatives are available through face-to-face meetings or secure video conferences.
- We meticulously prepare all KYC/compliance documents for approval, ensuring a seamless process.
- No personal or corporate credit checks or project evaluations are required.
- A Letter of Intent (LOI) or Term Sheet is delivered within 48 hours of application submission.
- The process includes MT799 Pre-advice followed by BG/SBLC bank verification and SWIFT delivery of MT760 directly to the nominated receiving Bank.
- Brokers or consultants enjoy 100% fee protection through NCNDA/IMFPA Paymaster Agreement, with up to 2% commission paid on successful applications.
- Clients have 5-to-10 banking days to settle the agreed purchasing bank fees.
For Brokers & Consultants:
- Fees are 100% protected with NCNDA/IMFPA Paymaster Agreement.
- 2% broker commission or 1% fee (open) is applicable on all successful applications.
- Contact us for an in-depth discussion tailored to your specific requirements.
Estimated Completion Time:
SWIFT MT760 is typically delivered 2 to 5 days after the Issuing and Receiving Banks exchange SWIFT MT799s. The total timeframe depends on the chosen purchasing option.
BG/SBLC LEASE AND PURCHASE PROCEDURES
In response to the growing prevalence of Fake SBLC Providers requesting upfront security deposits to be placed into IOLTA or Escrow/Trust accounts, we at HolyGrail Capital DO NOT impose any upfront transmission fees or security deposit requirements. We strongly advise our clients against engaging with any company or individual that demands upfront payments.
For a successful transaction, please adhere to the following procedures, as the issuer does not entertain any alternative third-party processes:
1. Client submits complete CIS/KYC for due diligence and compliance.
2. Following successful due diligence and compliance, the provider issues the Deed of Agreement (DOA).
3. Upon mutual counter signing of the DOA (with the client signing first), both parties submit the CONTRACT to their respective banks.
4. After lodging the contract with their respective banks, the client’s bank sends a secure bank email to the issuing bank for Acknowledging the Contract, Readiness, and Approval of MT-760 Verbiage.
5. The issuing bank dispatches the Pre-Advice via SWIFT MT-199 or SWIFT MT-799 to the client’s designated bank.
6. The designated receiving bank responds with the “BANK PAYMENT UNDERTAKING” via SWIFT MT199 or SWIFT MT799 to the issuing bank.
7. The issuing bank issues the “STANDBY LETTER OF CREDIT/BANK GUARANTEE” VIA SWIFT MT-760 to the client’s designated bank.
8. Following validation and authentication of the delivered “STANDBY LETTER OF CREDIT/BANK GUARANTEE” MT760, the client settles payment per the contract invoice to the issuer’s designated account within FIVE (5) banking days.
Contact Us for further information.
FAQs
A Bank Guarantee is a financial tool that commits to paying the specified amount to the beneficiary upon the instrument’s maturity. Typically, it serves as collateral security or margin money for approved financial assistance. SBLC/BG is extensively utilized and traded in the global market, simplifying the process of securing lines of credit or funding for financial assistance. Additionally, the arranger (borrower) earns interest on the funds deposited with the Bank to facilitate the arrangement of SBLC/BG.
If we’re required to deposit an equivalent amount in the bank to obtain a BG, why not invest that fund directly into the project itself? BG/SBLCs can be obtained through either fund-based or non-fund-based means. With fund-based instruments, you may need to deposit the equivalent sum of money into the bank while obtaining a BG/SBLC. In such cases, you’re eligible to earn interest on the funds held as a deposit. Alternatively, non-fund-based instruments may necessitate pledging movable or immovable assets such as shares, bonds, securities, or properties to secure the BG. Regardless of the approach, the BG must be Clean and Clear. You’re required to provide a minimum margin money in the form of BG as collateral security for accessing Finance, and we expect your equity participation as a promoter at the very least.
Certainly, the BG/SBLC should invariably be issued in your favor or in the name of the individual or company facilitating the credit line for you.