PROJECT FUNDING ON THE NAME OF - OFFER LETTER Cash Loan/Lease BG MT760 /SBLC MT760 ARE FRAUDS DON'T GET IN THIS KINDS MAILS.

CHECK LINK AND READ ARTICLE.

https://www.complaintboard.in/complaints-reviews/bg-sblc-for-lease-l712633.html#moveerrors

First of all read the mail i received on my mail.

MAIL - 1

As a Finance and Investment Company who is a Premier Provider of Trade Finance, Project Finance & Funding; We also offer discountable Bank Instruments at rates being as low as Two Percent (2%) of the required BG | SBLC | DLC | LC | PB | MTN | Bank Drafts Face Value.

We offer basically a wide range of Financial Instruments including;

- Standby Letters of Credit

- Bank Guarantees

- Deferred / Documentary Letters of Credit

- Red Clause Letters of Credit

- Usance Letters of Credit

- Performance Guarantees

- Demand Guarantees

- POF messages

- Pre Advice Message

- Comfort Letters

- Ready Willing and Able (RWA) messages; and we are able to complete a transaction within 48 to 72 hours depending on the requirement of the Lessee / Buyer Side.

Kindly contact for genuine inquiries and I can provide you with the needed information.

***After reading mail i respond them and sent my project of bio-diesel peoduction plant then they sent me below mail.***

Our detailed offer to provide Bank Guarantee (BG), Standby Letter of Credit (SBLC) as well as other financial instruments involves the Lender sending alongside the Countersigned Contract, the Irrevocable Corporate Refund Undertaking and Bank Approved Application for the transmission of Swift. The entire procedures for the lease of the Bank Instruments are stated below.

TRANSACTION DESCRIPTION:

1. Instrument: Bank Guarantee (BG) or Standby Letter of Credit (SBLC) or Deferred / Documentary Letter of Credit (DLC) or Letter of Credit (LC)

2. Total Face Value: Euro/USD/GBP 1,000,000.00 – Euro/USD/GBP 5,000,000,000.00

3. Issuing Bank: HSBC Bank London, Barclays Bank London, Standard Chartered Bank London, Deutsche Bank AG Frankfurt, 

4. Age: One Year and One Day (With the option of Rolls and Extension)

5. Leasing Fee: Based on the Face Value of BG/SBLC/DLC/LC Plus (0.5% + X%) Commission.

1M – 100M: 2.5% + (0.5% + X%) = 3.0% + X%

101M – 500M: 2.0% + (0.5% + X%) = 2.5% + X%

501M – 1B: 1.5% + (0.5% + X%) = 2.0% + X%

1B – 5B: 1.0% + (0.5% + X%) = 1.5% + X%

6. Delivery: Bank to Bank Swift MT799 and/or MT760

7. Payment: MT103

8. Hard Copy: By Bank Bonded Courier within 7 banking days after delivery of Swift.

TRANSACTION PROCEDURE: 

1. The Bearer provides the a duly filled and signed copy of the Contract Agreement to the Lender which is further countersigned by the Lender. This thereby automatically becomes a full commercial recourse contract to be lodged by both parties for initiation of the transaction of Swift Transmission.

2. Within three (3) banking days after both parties sign the Agreement, the Lender will issue alongside the Countersigned Agreement a Notary signed and sealed Corporate Refund Recourse Undertaking duly endorsed by the Bank Officer of the BG/SBLC issuing account to the Bearer guarantying to refund to the Bearer all cost incurred by Bearer as the transmission/administrative charges for the transmission of Pre-Advice via Swift MT799 or BG/SBLC/DLC/LC via Swift MT700 or MT760 or both after due execution of the contract and in case of failure on the Lender’s side the Notarized signed and sealed Corporate Refund Recourse Undertaking guarantees that the Lender refunds completely the transmission/administrative fees in addition to a the penalty for failure of performance being 1% of the total face value of BG/SBLC/DLC/LC.

3. The Lender further provides to the Bearer a copy of the BG/SBLCDLC/LC Application submitted to the issuing bank and approved by the Issuing Bank Officer confirming the Swift is being prepared to be transmitted.

4. Within three (3) banking days after the Bearer receives the Countersigned Contract Agreement, Irrevocable Corporate Refund Undertaking, Invoice for Payment of the Bank Fees as well as the BG/SBLC Approved Application from the Lender, the Bearer will make payment by direct wire transfer into the Lender’s provided bank cordinates to receive the bank fees, the of the Bank Transmission, Administrative and Handling charges for the Pre-Advice via Swift MT799 or BG/SBLC/DLC/LC via Swift MT700 or MT760 or both as the case maybe in the amount of XX, 000.00 USD/EUR

5. Within two (2) banking days after confirmation of receipt of payment of the Bank Transmission, Administrative and Handling Charges for the BG/SBLC/DLC/LC via Swift MT700 or MT760 or Pre-Advice via Swift MT799 or both in Lender’s bank account, the Lender will deliver the Pre-Advice or BG/SBLC/DLC/LC via Bank to Bank confirmation of Swift MT799 or MT760 to the Bearer’s banker including the hard copy of the BG/SBLC/DLC/LC via bank bonded courier in Seven (7) banking days.

6. Bearer sends payment of Leasing Fees via Swift 103 Payment to the Lender deducting the initially paid Bank Transmission, Administrative and Handling Charges and the brokers their Commission Fees (0.5 +X)% of total Face Value by wire transfer within thirty (30) days upon delivery, confirmation and verification of BG/SBLC/DLC/LC by MT760 in the Bearer’s provided account and BG/SBLC/DLC/LC hard copy in the Bearer’s provided bank.

7. If the Bearer does not deduct the Bank Transmission, Administrative and Handling Charges from leasing fees paid, the Lender would refund bank charges to Bearer by direct wire transfer within three (3) banking days upon payment of the leasing fees.

8. Any unauthorized calls by any party or its representative lawyers to probes or communication in an improper way to bank(s) in this transaction shall be prohibited and contract terminated.

Should the Bearer default to pay the leasing fees to the Lender and the brokers commission fees as agreed after 30 banking days of confirmation of BG/SBLC/DLC/LC MT760 in Bearer's bank account, Lender will instruct the issuing bank to put a claim on the BG/SBLC/DLC/LC thereby forcing the Bearer's bankers to return the BG/SBLC/DLC/LC MT760 to the issuing Bank.

BGS, SBLC, S2S/SS MTNS; PPP; LTN BONDS/BOXES; WEBLINK, DTC, SEPA, EBICS; MT103/202, BANK DRAFTS, ALL SCREENS; POS ON/OFFLINE; MONETIZATION/PPP - CORPORATE BONDS; CASH BACKED; BLOCKED FUNDS; CREDIT LINE; INDIVIDUAL & INSTITUTIONAL INVESTORS; GLOBAL HUMANITARIAN AID & RENEWABLE ENERGY PROJECT FINANCING; USDP/€UROP/HKD/IQD & OTHER CURRENCIES; BLCO/D2/JP54/A1 & LNG/LPG GAS; GOLD, ROUGH DIAMONDS, COAL, CHROME, MANGANESE, COPPER ORE/ CATHODES, VARIOUS INGOTS + WOOD AND PELLETS;

| LONDON | PARIS | AMSTERDAM | FRANKFURT | MADRID | ENGLAND | EUROPE |

SECURITY NOTICE: 

WE ARE NOT RESPONSIBLE FOR MISQUOTES OR STATEMENTS AND MISTAKES / ERRORS ETC. BY PROVIDERS/SELLERS & RECEIVERS/BUYERS OF ANY DEAL. 

CAVEAT: 

This is not an offer to buy or sell financial instruments. My sole function is to identify potential buyers, and to introduce Buyer and Seller's agents for them to negotiate final terms and procedures.

DISCLAIMER: 

Sender is NOT a United States Securities Dealer or Broker or U.S. Investment adviser. Sender is a Facilitator and makes no warranties or representations as to the Buyer, Seller or Transaction. All due diligence is the responsibility of the Buyer and Seller. This E-mail letter and the related documents contained herein are never to be considered a solicitation for any purpose in any form or content. Upon receipt of these documents, the Recipient hereby acknowledges this Disclaimer. If acknowledgement is not accepted, Recipient must return any and all documents in their original receipted condition to Sender. This message (including any and all attachments) is covered by the Electronic Communications Privacy Act 18 U.S.C. 2510-2521, is confidential and legally privileged. 

CONFIDENTIALITY NOTICE:

This e-mail and any files transmitted with it are intended solely for the use of the individual to whom they are addressed and may contain confidential and privileged information. If you received this e-mail in error, any review, use, dissemination, distribution, or copying of the e-mail is strictly prohibited. Please notify the sender immediately by return e-mail and delete all copies from your system.

**** Never Get in this kinds of mail how this things are fraudulent detail are as below. ***

A very rich fellow has $100 million dollars. He wants to create a standby letter of credit (“Standby”). He deposits $100 million dollars in the bank that is going to issue the Standby (“Issuing Bank”). This fellow requesting the issuance of a standby is called the “Applicant”. With this money as collateral the bank will issue the Standby (NOTE: Bank will not issue standby without collateral from the Applicant.). The terms of the Standby should allow the beneficiary of the Standby to borrow $80 million using the Standby as a guarantee of repayment to a lender (“Lender Bank”).

2. A second gentleman (called “Lessee”) wants to lease the Standby for $3 million for 365 days and use it as collateral for the $80 million loan. The Lessee pays the Applicant $3 million. Next the Lessee borrows $80 million from the Lender Bank using the Standby as collateral. The Lessee defaults on the repayment of that loan. The Lender Bank calls on the Standby for payment by the Issuing Bank of the defaulted loan. The Issuing Bank pays the Lender Bank $80 million. The Issuing Bank wants to be reimbursed for the $80 million it paid the Lender Bank when the Standby was called for the default of repayment of Lessee’s loan. The Issuing Bank now goes to the $100 million deposit made by the Applicant and takes $80 million from that deposit and reimburses itself for the draw down made on the Standby. The Applicant has now lost $80 million (plus fees, interest, brokers’ fees, etc.).

3. So here is the deal: The first gentleman, the Applicant, with the cash backing of $100 million to issue the Standby risks $80 million in exchange for a payment of $3 million leasing fee (less broker fees). I repeat: The Applicant risks $80 million in exchange for a payment of $3 million leasing fee.

4. Now, who would make that deal? Would you put up $80 million at risk to make $3 million? Who would risk $80 million for a return of $3 million? Does this meet the “smell test” of making business sense”? If it doesn’t make business sense, then there is a problem. This should make no business sense to anyone. You can see by this example that instrument leasing cannot be what it is purported to be.

5. So what is the real reason someone would invest $100 million to buy a standby letter of credit and allow someone to lease the Standby for 3 million dollars a month (3%) and borrow $80 million using the Standby as collateral? The answer is: The standby letter of credit is set up so that there is no possibility that the instrument will ever be called on; i.e. it is set up so that there is no risk, and that is why the Applicant puts up his money. Further, if the Standby cannot REALLY be used as collateral for a loan, no LEGITIMATE lender will make a loan against it; i.e. it cannot be monetized with a real lender. Cut to the chase: The Lessee has leased a worthless instrument.

6. This process is also used with other instruments such as certificates of deposit, bank guarantees, cash deposits, etc. The story is the same, only the instrument is changed.

You will pay to lease a useless instrument.

Ask yourself this: If I use this "leased bank guarantee" as collateral for a loan, or even as an enhancement to my overall standing so that I might be more favorably considered for financing, and I default, what security would it provide?

Answer: NONE! The lender would lose the money the loaned to you, and you would have tricked them into making you that loan by showing an asset which you never owned, and against which you never revealed any encumbrance.

You will never receive any money against the leased BG (bank guarantee). The one charging you the lease fee makes money. You have a useless instrument, or one with which you could defraud someone. Nothing more

The SWIFT Transfer Transaction. Sometimes the instruments are purported to be transferred by SWIFT message code transmission. This gambit is used to create an aura of authenticity. The main thing to understand that any form of a guarantee transmitted by SWIFT message can be such as to make it impossible to call on that guarantee; thus the SWIFT transmitted guarantee is useless when this is done. First, it is important to note that often these SWIFT message codes do not operate as represented by the fraudsters. For instance, the representation that the instrument will be transmitted to the beneficiary by SWIFT code MT799 is a red flag. Swift code MT799 is not a binding transfer; i.e. it is tantamount to a non-binding letter either advising that the sending bank may do something or requesting the receiving bank to do something. Neither bank has to do it under MT799. The MT 799 is a swift message used between banks to communicate in electronic written form which is usually referred to as a “pre-advice”. For example, Red Bank may send a MT799 message to Blue Bank stating that, “We confirm $1 million on deposit and are prepared to block this amount via MT760 in favor of account 0001 at your bank. Please confirm readiness and receipt.” Often the MT799 will be sent prior to the MT760 being issued. [Typically the MT 760 is issued and the investor-client pays the initial fee or sometimes the leasing fee; he thinks that the MT799 is binding and can operate as collateral. Remember that it is nothing more than a nice letter sent electronically.] However the fraudsters will misrepresent that the MT799 is a collateral instrument. Also, it cannot be used in a platform trading transaction.

The MT760 message can operate as a guarantee. If an MT760 is actually sent, it is subject to all the reasons that the guarantee cannot be called up as stated above. I say if it is actually sent, because after collecting the funds via a MT799 transaction there often is no intent to send a MT760. No matter how nice this appears, the terms of the guarantee can be such as to guarantee nothing because this MT760 guarantee is susceptible to the same non-performance reasons of other transactions described above. I have spent many an hour with the wire departments of major banks trying to get the language of a SWIFT message correct. Sometimes getting the right wording is not easy, but you can eventually get the wording down to create a real guarantee for lawful purposes or a fraudulent instrument for no good.