Standby Letter of Credit Monetization (SBLC) – Leased By Eugene M. Edwards

by Eugenee Edwards Creating New Frontiers

Complete Non-Recourse SBLC Bank Guarantee Monetization of Leased SBLC / BGs.

We offer 3 types of SBLC Monetization settlement methods:

Bank SWIFT - We use the Bank SWIFT Network to have the Bank Guarantee (BG) delivered Bank to Bank using SWIFT MT799 followed by SWIFT MT760.

Euroclear - We use the Euroclear Network because the Euroclear settlement process is fast, transparent and uses the Free Euroclear Delivery process so Clients DO NOT incur any SWIFTING FEES or Delays. Euroclear is a well established European financial transaction settlement network that was founded in 1968 by JP Morgan and continues to operate successfully employing over 3500 people today.

DTCC - On some deals, we now also accept delivery of the Leased Bank Guarantees (BG) by DTC also known as DTCC (The Depository Trust & Clearing Corporation).

The advantage of DTC is that clients using this process to deliver a Leased Bank Guarantees (BG) DO NOT incur bank SHIFTING FEES. DTC is a well established international business that was founded in 1999 and in 2015 was recorded as settling 1.5 Quadrillion Worldwide making its the highest value securities settlement processor in the world.

Eugene M. Edwards SBLC Monetization services are ideal for clients looking to Discount, Monetize, or create an immediate Non Recourse loan against a Leased SBLC / Bank Guarantee (BG) that they control. The SBLC / Bank Guarantee Monetization process for Leased SBLC / Bank Guarantees (BG) issues Non Recourse funds to the Client shortly after the SBLC / Bank Guarantee (BG) is delivered to the Monetizer.

Important: Our contracts also include the monetizer returning the Leased Bank Guarantee (BG) to the Issuing bank 15 days prior to the Bank Guarantees (BG) expiration. This is a critical requirement of most Leased Bank Guarantee Issuers.

Bank Guarantee Monetization LTV:
10 to 49M SBLC / Bank Guarantees - 60% to 65% Non Recourse
50M+ SBLC / Bank Guarantees - 65% to 70% Non Recourse

Estimated Completion Time:
7 to 14 days after all documents are signed and verified or 3 to 4 Days After Instrument Delivery on the SWIFT or Euroclear Networks.

Closing Process - SWIFT

After execution of the SBLC / Bank Guarantee Monetization contract by both parties, the Client will instruct his bank to send SWIFT MT799 to the bank coordinates provided by the Monetizer.

The Monetizers bank on receipt of the SWIFT MT799 from the clients' bank will reply with a SWIFT MT799.

On receipt of the Monetizers bank, SWIFT MT799 the Clients bank will deliver the SBLC / Bank Guarantee (BG) by SWIFT MT760 to the Monetizers bank.

Upon receipt, confirmation and delivery of the SWIFT MT760, the Bank Guarantee 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.

The Bank Guarantee Monetizer agrees to return the Bank Guarantee (BG) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.

Closing Process - Euroclear:

After execution of the SBLC / Bank Guarantee Monetization contract by both parties, the Client will instruct his bank to assign the Bank Guarantee (BG) using FREE Euroclear Delivery to the bank coordinates provided by the Monetizer.

The Clients Banker shall immediately email a certified Euroclear execution receipt of the SBLC / Bank Guarantee (BG) delivery to the Monetizer.

Upon receipt and confirmation of the Euroclear assignment and delivery, the SBLC / Bank Guarantee 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.

The SBLC / Bank Guarantee Monetizer agrees to return the Bank Guarantee (BG) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.

Example:

The Bank Guarantee (BG) / SBLC is issued with a Value of: $100,000,000.00

The Bank Guarantee Monetization (BG) is Non Recourse at 70% LTV being: $70,000,000.00

The Client is paid $70,000,000.00

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