SBLC MONETIZATION
Complete Leased Standby Letter of Credit Monetization (SBLC) Non-Recourse
We offer three Standby Letter of Credit Monetization (SBLC) settlement methods:
Bank SWIFT – We use the Bank SWIFT Network to deliver the Standby Letter of Credit (SBLC) bank-to-bank via SWIFT MT799, followed by SWIFT MT760.
Euroclear – We use the Euroclear Network for its fast, transparent, and fee-free delivery process. Euroclear, founded in 1968 by JP Morgan, is a well-established European financial transaction settlement network employing over 3,500 people today.
DTCC – For certain deals, we accept delivery of the Leased Standby Letter of Credit (SBLC) via DTC, also known as DTCC (The Depository Trust & Clearing Corporation). The benefit of using DTC is that clients do not incur bank SWIFT fees. Founded in 1999, DTCC was recorded as settling $1.5 quadrillion worldwide in 2015, making it the highest-value securities settlement processor globally.
Wealthy Credit Limited’s Standby Letter of Credit Monetization services are ideal for clients looking to discount, monetize, or create an immediate non-recourse loan against a Leased Standby Letter of Credit (SBLC) that they control. The monetization process for a Leased Standby Letter of Credit (SBLC) issues non-recourse funds to the client shortly after the SBLC is delivered to the monetizer.
Important: Our contracts include a clause requiring the monetizer to return the Leased Standby Letter of Credit (SBLC) to the issuing bank 15 days before the SBLC’s expiration. This is a critical requirement of most SBLC issuers.
STANBY LETTER OF CREDIT MONETIZATION LTV
- 10 to 49M Standby Letter of Credit (SBLC) – 45% to 55% Non Recourse
- 50M+ Standby Letter of Credit (SBLC) – 55% to 65% 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.
BROKERS AND CONSULTANTS
Always 100% Protected & Respected
- Healthy Commissions Paid
- Be Direct to the Finance Source, NOT in a Broker Chain!
- We offer 3 Profitable Broker Levels
CLOSING PROCESS - SWIFT
- After execution of the Standby Letter of Credit 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 Standby Letter of Credit (SBLC) by SWIFT MT760 to the Monetizers bank.
- Upon receipt, confirmation and delivery of the SWIFT MT760 the Standby Letter of Credit 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 Standby Letter of Credit Monetizer agrees to return the Standby Letter of Credit (SBLC) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.
CLOSING PROCESS - EUROCLEAR
- After execution of the Standby Letter of Credit Monetization contract by both parties the Client will instruct his bank to assign the Standby Letter of Credit (SBLC) 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 Standby Letter of Credit (SBLC) delivery to the Monetizer.
- Upon receipt and confirmation of the Euroclear assignment and delivery, the Standby Letter of Credit 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 Monetizer agrees to return the Standby Letter of Credit (SBLC) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.
EXAMPLE
The Standby Letter of Credit (SBLC) is issued with a Value of: $100,000,000,000
The Standby Letter of Credit Monetization (SBLC) is Non Recourse at 65% LTV being: $65,000,000,000
The Client is paid $65,000,000,000
Critical Compliance Criteria:
Accepted Criteria: The Leased Standby Letter of Credit (SBLC) MUST be from a Rated Bank and Delivered by SWIFT or Euroclear.
Rejected Criteria: Any Leased Standby Letter of Credit (SBLC) on the Banned Assets or Banned Providers List is Rejected.