How to Lease Banking Instruments such as Bank Guarantees (BG) and Standby Letter of Credit (SBLC):
Are you in need of a trustworthy and authentic Provider for leasing or purchasing a Bank Guarantee (BG) or Standby Letter of Credit (SBLC)? Your search ends here! HolyGrail Capital collaborates with multiple genuine Providers and maintains direct communication with the ‘Cutting House’, enabling us to present a variety of options tailored to your requirements. Given the complexity of leasing or purchasing BG/SBLCs, it’s imperative to adhere to our established banking procedures without exception to achieve success, provided you possess the financial capacity to transact and meet our Provider’s specified business criteria.
Advantages of Leasing BG/SBLC from HolyGrail Capital:
- Our Leased Bank Guarantees or Standby Letters of Credit originate from Top Rated World Banks such as HSBC UK and Barclays PLC London.
- Leased Bank Guarantees (BG) or Standby Letters of Credit (SBLC) are available in Euro or USD Currency.
- Lease Rates range from 8+2 to 12+2 depending on the contract size and the instrument’s purpose.
- We provide various leasing options with a minimal initial security deposit, fully protected under Bank Escrow until MT799/MT760 is authenticated and verified by the receiving bank, after which it is refunded in full upon completion of the lease and payment.
- $0 upfront transmission fee options are available to clients who can furnish sufficient KYC/CIS and Proof of Funds (POF).
- Arrange face-to-face meetings or secure video conferences with our BG/SBLC specialists and legal mandate/representative of the principal provider.
- All KYC/compliance documents are meticulously prepared for approval.
- No Project Personal or Corporate credit checks are required.
- LOI/Term Sheet delivered within 48 Hours of application.
- MT799 Pre-advice included followed by BG/SBLC bank verification.
- SWIFT Delivery of MT760 directly to your nominated receiving Bank.
- Up to 2% Commission Paid to Brokers or 1% each side.
- All Leased Standby Letters of Credit (SBLC) or Bank Guarantees are Fresh Cut (FC) and compliant with International Chamber of Commerce (ICC) protocols.
- Lessee has 5-to-10 banking days to pay the agreed lease banking fees.
- Brokers & Consultants:
- Fees are 100% Protected with NCNDA/IMFPA Paymaster Agreement.
- 2% Broker Commission or 1% Fee (open) on all successful applications.
Contact Us for an in-depth discussion on a case-by-case basis.
Estimated Completion Time:
- The SWIFT MT760 is typically Delivered 2 to 5 Days after the Issuing and Receiving Bank exchange secure bank email and SWIFT MT-199 or 799’s, or ultimately, the total timeframe depends on the leasing option chosen.
Interested in leasing and monetizing a BG/SBLC? Reach out to us.
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.