The SBLCs are placed in an Custodial Account with the SBLCs in the Clients name before funds are paid!! Confirmation NO PROBLEM! BEFORE PAYMENT
Haven't you always to purchase SBLCs from "TOP TIER" banks of the world? You can't get any larger than these two banks Barclays Bank London and HSBC Bank London. Our Buy/Sell is unique simple because of our relationship with a "Foundation" is needs to have their Portfolio of SBLCs sold so that the "Foundation" can continue their raising funds for the "Foundations" many charitable endeavors.
THE WORKINGS OF PROGRAM:
After the parties involved sign the JV Agreements and other documents the Bank Statement / Bank Certificate Letter are presented to the "Foundation" where the "Foundation" then will enter into a Agreement to sell either Barclays Bank / HSBC LONDON Standby Letters of Credit.
The the SBLCs are the placed into a CUSTODIAL ACCOUNT in the Name of the Buyers with the SBLCs in the Buyers name. In turn the BUYER can confirm that the SBLCs are in their CUSTODIAL ACCOUNT.
After the Buyer confirms that the SBLCs are placed into the Custodial Account in the Buyers name then the Buyer releases the funds to purchase the SBLC to the "Foundation" who in turn SWIFTS via MT760 to Buyers account.
After the purchase of the SBLCs as expected the SBLCs are sold within days if not hours to various institutional investors arounds the world.
The the SBLCs are the placed into a CUSTODIAL ACCOUNT in the Name of the Buyers with the SBLCs in the Buyers name. In turn the BUYER can confirm that the SBLCs are in their CUSTODIAL ACCOUNT.
After the Buyer confirms that the SBLCs are placed into the Custodial Account in the Buyers name then the Buyer releases the funds to purchase the SBLC to the "Foundation" who in turn SWIFTS via MT760 to Buyers account.
After the purchase of the SBLCs as expected the SBLCs are sold within days if not hours to various institutional investors arounds the world.
