SBLC Providers & Bank Instrument Providers

Who Are SBLC Providers & Bank Instrument Providers

sblc Providers & Bank Instrument Providers are financial services providers that provide SBLC and other bank financial instruments to customers locally and internationally.

Grand City Investment Limited are genuine sblc providers & bank instrument providers which are specifically for Lease or Rent at 4% annual leasing fee. We also provide loans and international project funding, our loan interest rate is only 3% per year and you can get loan financing from us with or without security or collateral. 

The loan term is up to 20 years with a grace period up to 3 years for those in the construction industry. The best part of our loan funding arrangement is that we do not charge any prepayment penalty. So you can repay the loan on time without penalty. 

Bank Instrument Description

1. Instrument: Fully Cash Backed Standby Letter of Credit (SBLC) / Bank Guarantee {BG}

2. Total Face Value: Eur/USD 1Million (Min) to Eur/USD 50 Billion (Max)

3. Issuing Bank: HSBC Hong Kong, Barclays Bank London, Citibank New York, Deutsch Bank Germany or any AAA Rated Bank.

4. Age: One Year and One Day (with rolls and extensions where applicable)

5. Leasing Price: 4% of Face Value plus 2% brokers commission (Applicable only if there are brokers in the transaction)

6. Delivery: SWIFT MT-760

7. Payment: MT103 Swift Wire Transfer

8. Hard Copy: Bank Bonded Courier within 7 banking days.

Financial Solutions for Every Business

We are Trusted Financial Instrument Provider BG SBLC. As trade finance experts & Bank Instrument Providers (BG/SBLC), We Provide Reliable Financial Solutions and can provide you with the best deal to meet all your financial goals. 

Grand City Investment Limited leads in the financial service industry in providing bank instruments, BG Bank Guarantee and Standby Letters of Credit SBLC issued with prime rated banks for clients worldWide. We leverage our relationships with a wide variety of financial institutions and investors to provide the most favorable structure for your business. Your success is our concern.

Financial Instrument Provider (Leased BG / SBLC)

We provide financial instruments and commercial finance services. The financial instruments we provide includes BG Bank Guarantees,SBLC Standby Letter of Credit, Deferred Letters of Credit, Usance LC etc.

Credit Financing

Flexible financing for strategic projects, We offer flexible and tailor-made credit financing for strategic projects always tailored to your needs and the requirements of the banking market.

Lease BG SBLC Provider

Grand City Investment Limited provides bank instruments used for business loans, project financing for various commercial projects.  

Bank Guarantee BG

BG provides a targeted method for securing performance and payment. The bank guarantee is used in both local and international transactions in the import and export business.

What is SBLC Meaning?  

SBLC simply means standby letter of credit (SBLC/SLOC). SBLC is a guarantee of payment by a bank on behalf of their client in which the bank fulfills payment obligations by the end of the contract if their client cannot. Financial standby letters of credit ensure financial contractual obligations are fulfilled.

A standby letter of credit can also be abbreviated SBLC or SLOC. A Standby Letter of Credit is different from a Bank Guarantee.

What are the Differences Between Standby Letters of Credit and Commercial Letters of Credit?

Standby letters of credit and commercial letters of credit are two main documentary credit types used in international trade transactions.

A standby letter of credit is a bank’s undertaking of fulfilling the applicant’s obligations.

In case, the applicant can’t fulfill contractual obligations against the beneficiary of the standby letter of credit, then the beneficiary can apply to the issuing bank for full compensation.

A commercial letter of credit means any arrangement, however named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honour a complying presentation.

Commercial letters of credit are mainly used as a primary payment method in export and import of the tangible goods in international trade.

Table 1: Differences Between Standby Letter of Credit and Commercial Letter of Credit

Common Characteristics of Standby Letters of Credit and Commercial Letters of Credit:

Both standby and commercial letters of credit;

• are irrevocable and conditional payment promises, which is given by a trusted financial institution mostly by a bank.
• independent payment mechanisms, whatever contracts they may base.
• are governed by ICC’s rules, ISP 98 and UCP 600, respectively.
• have a documentary nature.

ISP 98 – International Standby Practices

ISP 98 is the set of rules that governs standby letters of credit. They have been published by ICC Banking Commission. ISP 98 – International Standby Practices ICC Publication No. 590 , 1998 Edition. ISP 98 is in force as of January 1, 1999

ISP 98 – International Standby Practices is the title of the book that is published by ICC to govern the standby letters of credit transactions (SBLC ).

ISP 98 consists of 76 pages in total. Full details of ISP 98 for ordering considerations are as follows : ISP 98 – International Standby Practices ICC Publication No. 590 , 1998 Edition. ISP 98 is in force as of January 1, 1999.

How to Buy ISP 98?

ISP 98 is both available by e-book format and hard copy. It is sold under online ICC Bookstores. You can buy ISP 98 from this link.

sblc Providers & Bank Instrument Providers

Benefit of ISP 98 – International Standby Practices

ISP 98 International Standby Practices was written exclusively for standby letters of credit.

Prior to ISP 98 standby letters of credit were issued under commercial letters of credit rules. This was not an effective way as standby letters of credit and commercial letters of credit have significant differences with regards to scope and practice.

ISP 98 has been reduced the cost and time of drafting, limit problems in handling and avoid countless disputes and unnecessary litigation that have resulted from the absence of internationally agreed rules on standby letters of credit.

International Standby Practices fills an important gap in the market place.

The 98 Rules in International Standby Practices (ISP98) offer a precise and detailed framework for practitioners dealing with standby letters of credit.

Developed by the Institute of International Banking Law and Practice, endorsed and published by the International Chamber of Commerce (ICC), ISP98 is the standardized text for the use of standbys worldwide.

ISP98 Rules

• contain precise definitions of key terms such as “original” and “automatic amendment”
• cover in detail the standby process from “Obligations” to “Syndication”
• provide neutral rules acceptable in most situations
• save both time and money in negotiating and drafting standby terms
• help avoid litigation and unexpected loss
• propose basic definitions should the standby involve presentation of documents by electronic means
• provide international standards for the use of this fast growing financial instrument

SBLC / Bank Instrument Monetization

Monetization – is the process of liquidating bank instruments (BG/SBLC) by converting them into cash or cash equivalent.

Grand City Investment Limited are sblc monetizers. We can arrange and assist clients to discount or monetize any bank instrument, especially sblc, or arrange a Non Recourse loan against a Standby Letter of Credit (SBLC) issued from prime banks. The Standby Letter of Credit Monetization arrangement issues Non Recourse funds to the Client shortly after the Standby Letter of Credit (SBLC) is delivered to the Monetizer.

Our SBLC monetization rate is 80% LTV which is the best rate in the industry, and above all, all our sblc are issued by top AAA rated banks such as HSBC Hong Kong, Barclays Bank London, Citi Bank New York, Credit Suisse etc. 

Standard Monetization Terms For BG / SBLC.

• BG and SBLC to be monetized must be issued by top 20 AAA rated banks such as HSBC, Citi, barclays, Stanchart etc.
• BG and SBLC from unrated banks cannot be monetized.
• Instruments with a Value OVER 5 Million Dollars
• BG & SBLC MUST have at least 11 months validity prior to expiry
• We prefer monetization transactions of $10 million or more, but we will accept transactions as low as $5 million transaction amount
• Transaction turnaround time between 10 to 14 working days or less
• Exceptions can be made to minimum transaction
• Brokers and intermediaries must have a legally binding agreement

   BG / SBLC Monetization Process using the swift system. 

1. After execution of the BG / SBLC Monetization contract by both parties, the Client will instruct his bank to send SWIFT MT799 to the bank coordinates provided by the Monetizer.
2. The Monetizers bank on receipt of the SWIFT MT799 from the client’s bank will reply with a SWIFT MT799.
3. On receipt of the Monetizers bank SWIFT MT799 the Clients bank will deliver the Bank Guarantee (BG) / Standby Letter of Credit (SBLC) by SWIFT MT760 to the Monetizers bank.
4. Upon receipt, confirmation and delivery of the SWIFT MT760 the Bank Guarantee (BG) / Standby Letter of Credit (SBLC) Monetizer will within maximum four (4) banking days grant a Non Recourse Loan for the LTV as agreed from its nominated bank to the Client.
5. The BG/SBLC Monetizer agrees to return the Bank Guarantee (BG) /SBLC unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.

  BG / SBLC Monetization Process using  Euroclear:

1. After execution of the BG/SBLC Monetization contract by both parties, the Client will instruct his bank to assign the BG/SBLC using FREE Euroclear Delivery to the bank coordinates provided by the BG/SBLC Monetizer.
2. The Clients Banker shall immediately email a certified Euroclear execution receipt of the Bank Guarantee (BG) Standby Letter of Credit (SBLC) delivery to the Bank Guarantee Monetizer.
3. Upon receipt and confirmation of the Euroclear assignment and delivery, the Bank Guarantee /Standby Letter of Credit (SBLC) Monetizer will within maximum three (3) banking days grant a Non Recourse Loan for the LTV as agreed from its nominated bank to the Client.
4. The BG/SBLC Monetizer agrees to return the Bank Guarantee (BG) / Standby Letter of Credit (SBLC) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.

Estimated Completion Time For SBLC Monetization:

The SBLC Monetization process typically takes between 7 to 10 Days after all documents are signed and verified or 3 to 4 Days After Instrument Delivery on the SWIFT or Euroclear Networks.

MT-760

MT 760 belongs to a category of SWIFT Message a type of inter-bank message used on SWIFT system to enable financial institutions can correspond. You can read the Difference Between Swift MT799 And Swift MT760 on this post:  https://grandcityinvestment.com/difference-between-swift-mt799-and-swift-mt760/  

Ready Willing and Able Letter (RWA)

RWA is a letter issued by a bank or financial institution on behalf of their clients. It demonstrates the intent and capability.

Click Here To Contact Genuine sblc providers & bank instrument providers

SBLC Process & How To Obtain SBLC

The surest way to obtain bg or sblc from world class banks is through legitimate bg/sblc providers such as Grand City Investment Limited. The benefit of using this method is that at least you know that you are dealing with a genuine bg/sblc provider that will protect your interest at all times. There are many fake bg/sblc providers in the bank instrument industry so everyday lots of people are looking To Find Genuine SBLC Providers and real bank instrument providers. As a potential bank instrument customer, how can you find a real bg/sblc provider that is real and genuine? Well, we have shown our readers, customers and the general public how to spot fake BG/SBLC providers. That article is a MUST READ for everyone looking for real BG/SBLC Providers. 

Grand City Investment Limited is a Licensed Money Lender that was incorporated in Hong Kong on MAY 29, 1984 with Company Registration No. 0137353 under the Money Lenders Ordinance (Chapter 163 of the laws of Hong Kong). We are the premier providers of Trade Finance, Recourse Loan, Non Recourse Loans, Insurance, Investments, Wealth Management, Portfolio Management, Trade Platforms, Private Placement Programs as well as the issuance and monetization of Bank Instruments such as Standby Letter of Credit (SBLC), Bank Guarantees (BG), Usance LC, Letters of Credit, Differed Letters of Credit and Funding for companies, SME’s and private individuals. 

These Bank Instruments are issued through top AAA rated banks such as Citibank New York, Chase Bank, Welsfargo Bank, Bank of America, HSBC Hong Kong or HSBC London, Barclays bank London, Standard Chartered Bank London, Dubai or Hong Kong, UBS Switzerland, Deusche Bank AG Germany etc.

As top sblc providers & bank instrument providers, our bank financial instruments (BG/SBLC) are Cash-Backed and Stand as Obligation from our Bank on behalf of our Clients for their Credit needs, Business and Project Funding Requirements. All our Bank Instruments can be used to secure contracts, Import/Export Transactions as well as for Funding for Projects, Business Expansions and Private Placement Programs (PPP).  

We have been providing these bank financial instruments to our numerous customers all over the world including importers, exporters as well as business owners that need credit enhancements or trade finance facilities to execute projects locally / internationally.

AS LEGITIMATE MONEY LENDERS, OUR SERVICES ARE:

Loans: (Business Loans, Secured Loans, Unsecured Loans, International Project Financing)

Purchase Bank Instruments (Bank Guarantees and Standby Letter of Credit)

Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)

Letters of Credit (DLC, L/C, Usance LC)

Investments and Wealth Management

Insurance Underwriting Services

PPP and Trading Platforms

Corporate Finance  

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