Stand by letter of Credit

A standby letter of credit is a document issued by a bank. This document serves as a guarantee: the bank promises to pay a “beneficiary” if something fails to happen.It is important to note that standby letters of credit apply only whenever the issuing bank’s commitment to pay is not contingent on the existence, validity and enforce ability of its customer’s obligation; this is called an “abstract” guarantee; that is, the bank’s obligation is to pay regardless of any disputes between its customer and the beneficiary. The standby basically fulfills the same purpose as a bank guarantee: it is payable upon first demand and without objections or defenses on the basis of the underlying transaction between the applicant and the beneficiary.



3 Comments

  • James Clark

    We have offers such as BG via mt760, mt103 one way,mt103/202 CASH TRANSFER, LC via mt700, mt799, Euro Clear, Certified Bank Draft, Loan, Project Funding, Credit Card Loading, POS TERMINAL offline and online. We are ready to work with you depending the offers you are Interested on.We Want Reliable Client not time Wasters. We FINANCE PROJECTS, We also Monetize BG, SBLC. We are tested and trusted. There are oil blocks for sell in Nigeria.I also, have connection with NNPC incase you need Crude Oil and D2 / M100 / JP54. For further communication here is my Skype ID jamesclark0073, Email:jamesclark0007@gmail.com

  • Abban kangan

    We are Ireland based major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instruments are specifically for lease and sale.We are one of the leading Financial instrument providers with offices all over Europe.
    we always deliver on time and precision as Set forth in the agreement. You are at liberty to engage our leased facilities into trade programs, project financing, Credit line enhancement, Corporate Loans (Business Start-up Loans or Business Expansion Loans), Equipment Procurement Loans (Industrial Equipment, Air crafts, Ships, etc.) as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed, Our Terms and Conditions are reasonable.
    DESCRIPTION OF INSTRUMENTS:
    1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
    2. Total Face Value: 10M MIN to 50B MAX USD or Euro
    3. Issuing Bank: HSBC, Deutsche Bank Frankfurt, UBS or any Top 25 .
    4. Age: One Year, One Day
    5. Leasing Price: 4+ 1%
    6. Sale Price: 32+2%
    7. Delivery by SWIFT .
    8. Payment: MT103-23
    9. Hard Copy: Bonded Courier within 7 banking days.
    If you have need for Corporate loans, International project funding, etc. or if you have a client that requires funding for his project or business, We are also affiliated with lenders who specialize on funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument.
    Inquiries from agents/ brokers/ intermediaries are also welcomed; do get back to us if you are interested in any of our services and for quality service.
    Name : Abban Kangan
    E-mail : abbankangan@gmail.com
    Skype id :abbankangan@gmail.com

  • mr mason

    We have direct and efficient providers of Bank Guarantee (BG’s),
    Insurance Guarantees,Confirmable Bank Drafts, Standby Letters of
    Credit (SBLC) medium term note (MTN) and Third Party Guarantees. which are specifically for
    sell/lease at leasing price of 6+2% /40+2% for selling price.
    If you are a potential Investor or principal looking to raise
    capital, we will be happy to answer any questions that you have about
    this opportunity and to provide you with details regarding these
    services.
    Our BG/SBLC Financing can help you get your project funded,
    by providing you with yearly renewable leased bank instruments. We
    work directly with the providers of these instruments.

    DESCRIPTION OF INSTRUMENTS:

    1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A)
    2. Total Face Value: Eur 5M MIN and Eur 10B MAX (Ten Billion USD).
    3. Issuing Bank: Barcley’s Bank , HSBC Bank London, Credit Suisse and Deutsche BankFrankfurt
    4. Age: One Year, One Month
    5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
    6. Delivery: Bank to Bank swift.
    7. Payment: MT-103 or MT760
    8. Hard Copy: Bonded Courier within 7 banking day.

    BELOW IS OUR FCO PROCEDURE

    WE will arrange for a fresh cut BG/SBLC EURO/USD $10million to 100billion in favor of your company with Euro clear access code and block code as well as the ISIN and CUSIP numbers and Common Code of the SBLC from Barclay’s Bank to enable you verify it at a lease cost of 6+2% After which you will transfer Euro cost fee to validate the instrument before it is delivered by swift MT199/MT799 pre-advice and finally via MT760 and the beneficiary is expected to pay 6% lease cost via MT103 to providers funding bank after verifying and authenticating the swift MT760 from issuing bank Barclay’s, hsbc, and deucthe bank etc.
    Contact us for outstanding
    service, competence & professionalism;

    For all inquires Contact:

    mr: lewis mason
    Email:lewis3932@gmail.com
    Skype:lewis.mason10
    Tel: +447452146557

    All inquires to lewis mason should include the following minimum
    information so I can quickly address your needs:

    Complete contact information:
    What exactly do you need?
    How long do you need it for?
    Are you a principal borrower or a broker?
    Regards

    mason

    .

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