Extend Coverage
We successfully copey withtks arying mplexity aweprguara nd regularly master
Letter of Credit under Collateral Transfer Facility
In international trade, a standby letter of credit is frequently needed to support a company's bid for a contract. An SBLC is frequently used as a safety mechanism for the beneficiary, in an attempt to hedge out risks associated with the trade. Simplistically, it is a guarantee of payment which will be issued by a bank on the behalf of a client. It is also perceived as a “payment of last resort” due to the circumstances under which it is called upon. The SBLC prevents contracts from going unfulfilled if a business declares bankruptcy or cannot otherwise meet financial obligations.
In line with the International Monetary Fund as an organisation of countries working to promote global monetary cooperation enabling international trade facilitation. Monetising a “Leased” Bank Guarantee (“leased” BG) or securing a loan against a “leased” Standby Letter of Credit (“leased” SBLC) from competitive lenders need not be a complicated application.
Working with our lending partners, BRICS Project Finance can provide secured loan facilities against so-called “leased” Bank Guarantees and “leased” Standby Letters of Credit (SBLCs) obtained through Collateral Transfer facilities and guide you through the full application process.
Secured Loan Facilities, Credit Lines and Loans secured against “leased” bank instruments ( sometimes referred to as Monetisation of a Bank Guarantee or Standby Letter of Credit or SBLC ) are available on several platforms at very competitive rates and criteria.
BRICS Project Finance can provide competitive Collateral Transfer facilities – a very efficient and flexible means to acquire the additional capital you may require for project financing or for trade finance and other varied requirements.
Modern Insurance
We successfully copey withtks arying mplexity aweprguara nd regularly master
- A swift and compliant application procedure
- Competitive collateral rates from 05,25% p.a.
- Lending rates from 03,55% p.a.
- Bespoke facility designed around your project funding requirement
- Most international jurisdictions considered
- Free quotations and illustrations upon request
- Competitive transaction and booking fees
- Corporate restructuring services available
- A dedicated Client Relationship Manager is assigned to each application
