Sblc BG providers: How to Find Genuine Service Providers

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Sblc BG Providers How to Find Genuine Service
Providers
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• Sblc BG providers can be hard to come by. The
  banks dont advertise SBLCs as their own bank
  products, simply because they are not allowed to.
  Standby Letters of Credit are provided by high
  net worth clients with large cash holdings in an
  account at the Bank. High net worth clients are
  usually hedge funds, private equity, pension
  funds, and large corporations, etc.. It is very
  difficult not only to get in touch with bank
  instrument Providers, but they are also very
  strict too, and they dont mess around.Genuine
  Sblc BG providers perform many checks and
  balances which means that any authorized mandate
  agents connected to Providers are too follow
  strict procedures. This is good news on our part
  as we know we carry clean business but it means
  that any business we introduce needs to be able
  to follow certain procedures.

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• Because of the strict ruling, Prestige will let
  you know what is required but in general, we will
  ask for POF and BCL to say you can pay for 10 of
  the LTV/face value of the bank instrument. We
  want to know that every business that passes us
  has the capability to afford the lease fee.
• A Standby Letter of Credit is an agreement, not
  intended to be drawn upon but is a safeguard in
  the event of nonpayment by either party mentioned
  in the contract. You can either lease or purchase
  a Standby Letter of Credit. In other words an
  SBLC is a document issued by the bank
  guaranteeing payment on behalf of their client.
  The bank confirms the collateral is held within
  their client's account, the client buys an
  instrument and it is then freshly cut backed by
  the Provider's capital. Depending on the wording
  agreed in the DOA, it is possible to Monetize an
  Sblc BG providers.

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• When a company completes the forms to lease an
  SBLC, what they are essentially doing is
  borrowing collateral (what this is actually
  called is a temporary CTA Collateral Transfer
  Agreement). Lets say that you are an oil
  refinery company looking to buy oil and are
  dealing with say ABC Oil. You have an agreement
  with ABC Oil saying that you want to buy 100M
  USD worth of oil (on your books you have 10B
  USD) . You may choose not to use your own bank
  account and apply through your own bank but
  instead, prefer to lease a Standby Letter Of
  Credit from different Sblc BG providers. There
  are several ways SBLCs can be used and it is all
  in the wording of the MT760.

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