Trade Financing & Payment Security Solutions – Secure Your Letter of Credit (LC) with Us!
Our Letter of Credit (LC) is primarily issued by Bank Winter, a prestigious European bank established in 1892. Bank Winter holds a prominent position in the global banking sector, ranking 16th in the BIS ratio (The Banker) among the 1,000 largest banks worldwide. As one of the largest privately owned Merchant Banks in Europe, Bank Winter specializes in Trade Financing and Investment Banking. The Letter of Credit remains a pivotal and widely adopted method of payment in International Trade, serving as a cornerstone for secure transactions. It offers unparalleled protection and assurance for both sellers and buyers involved in international trading transactions.
Letter of Credit (LC) Benefits:
A letter of credit streamlines enhances control, and maximizes profitability in international trade by simplifying, smoothing, and securing transactions for all parties involved through SWIFT MT700.
Benefits for Buyers:
- You might lack the necessary collateral or banking relationships to obtain a letter of credit, but we have you covered.
- With a letter of credit covering the full transaction amount, you don’t need to provide deposits to suppliers, freeing up your cash and reducing risk, while suppliers can often leverage the letter of credit for borrowing.
- Strengthen your financial position with suppliers, increasing your capacity to conduct business globally.
- Incorporate safeguards into the letter of credit, including goods inspection and quality control, and establish production and delivery schedules, giving you greater oversight of your products.
Benefits for Sellers:
- Payment is guaranteed upon compliance with the letter of credit terms and conditions.
- Credit risk shifts from the buyer to the issuing bank, which remains obligated to pay even if the buyer faces bankruptcy.
- Access financing more easily and transfer all or part of the letter of credit to another party, such as for purchasing raw materials.
- Reduced collection time, as the letter of credit expedites receivables payment, and elimination of foreign exchange risk when issued in your country’s currency.
Brokers & Consultants:
Regrettably, Trade Finance DLC, CLC, LC, and SBLC transactions do not yield Broker Commissions due to their narrow margins and typically smaller transaction sizes ranging from 200K to 3M. However, there are other incentives available; inquire for details.
Key Points:
1. Our Letter of Credit (LC) delivery service is Non-Negotiable, maintaining consistent terms, structures, delivery procedures, and prices.
2. We do not offer FREE Letter of Credits (LC) or accept payment post-delivery. If the Bank is not compensated for sending the Letter of Credit (LC), no such letter will be issued. Banks operate on paid services, not speculative arrangements.
Client Standards:
Meeting our stringent standards and compliance requirements is essential for engagement with HolyGrail Capital. Our services are reserved for genuine clients who demonstrate authenticity and integrity.
In Summary:
We exclusively handle legitimate deals, genuine individuals, and authentic Letters of Credit (LC) destined for delivery to our client’s designated bank accounts. Leveraging the Bank SWIFT Network ensures validation and security throughout the transaction process. Seal your successful Letter of Credit (LC) transaction with HolyGrail Capital today.
1. Contact us to obtain the Letter of Credit (LC) Application.
2. Complete all sections of the Letter of Credit (LC) Application and submit it to: [email protected].
Compliance Criteria:
Accepted Criteria: Clients adhering to our Client Standards and accurately completing the Letter of Credit (LC) Application.
Rejected Criteria: LC applications involving providers on our Banned Providers List, refusal or inability to pay the required Deposit, and LC requirements for clients in Austria.
The HolyGrail team continually updates offers from top-rated banks without prior notice; feel free to reach out to us for the latest updates and news.
5 Reasons to Choose HolyGrail Capital for Letter of Credit (LC) Delivery:
1. Swift Delivery: We typically dispatch Letters of Credit (LC) within 72 hours upon completion of all necessary documentation and payments.
2. Global Coverage: We facilitate LC issuance for import/export transactions worldwide, except for Austria.
3. Currency Flexibility: Our LC services support nearly all currencies except Renminbi, providing you with extensive flexibility.
4. Competitive Fees: Benefit from cost-effective LC issuance fees compared to many major public banks.
5. Simplified Control Clauses: Our LC control clauses are less restrictive compared to other financial institutions, ensuring ease of use.
We utilize the Bank SWIFT Network to securely deliver clients’ Letters of Credit (LC) or Documentary Letters of Credit (DLC) between banks. Our process ensures reliable and efficient delivery and authentication of all LCs for our clients.
Client Deposits Enjoy Dual Protection:
To safeguard client funds, we offer two tiers of protection:
1. Corporate Refund Undertaking
2. Non-Performance Penalty
Customized Letter of Credit Costs:
LC costs are tailored to each goods transaction. A precise quote is provided upon receipt of a completed application. As a guideline:
1. A 90-day LC incurs a cost of 3.3% plus a $500 fee.
2. Additional 30-day periods are charged at 0.6% plus $150.
Estimated Completion Time:
LC issuance typically occurs within 72 hours upon completion of all required documentation and payments by the applicant.
Closing Process:
Step 1: Application Submission:
Complete and return the LC Application along with the $185 application fee.
Step 2: Draft Issuance:
We draft the LC for your and your supplier’s review.
Step 3: Draft Review and Opening Payment:
a) Finalize and sign off on the draft.
b) Upon acceptance, we issue an invoice for the LC, which you settle.
c) Upon receipt of payment, we release the finalized LC to the bank for issuance.
Step 4: LC Issuance:
The bank typically issues the LC within 48 hours of release. Upon issuance, we provide you with a copy via SWIFT transmission.
Step 5: Document Presentation:
Upon preparation of goods for transit, your supplier presents the specified documents to their bank. The bank transmits these documents to ours, and we send you copies for review.
Step 6: Payment and Document Release:
Upon receipt of payment, we release the original documents to you, completing the transaction.