Easy way to get that money out of the BANK INSTRUMENT!
After the appropriate JV AGREEMENTS along with other pertinent documents as needed. The procedure is simple! The Sellers Banker sends a Secured Email to the Buyers Bank stating that the Sellers Bank has the SBLC that is being monetized and sends that Secured email to Buyers Banker. The Buyers Banker replies to Sellers Bank stating that the Buyers Bank is ready to receive the SBLC and that a BPU via Secured email.
After which the Sellers Bank SWIFTS the SBLC via MT760 and within 10 Banking days the "Hard Copy" of the SBLC will be delivered via Bonded Courier to the designated Banking instructions given by Buyer.
If Buyer has bank accounts at either Barclays Bank London / HSBC LONDON the SBLC doe not need to be SWIFT but delivered via Internal Banking Systems.
After which the Sellers Bank SWIFTS the SBLC via MT760 and within 10 Banking days the "Hard Copy" of the SBLC will be delivered via Bonded Courier to the designated Banking instructions given by Buyer.
If Buyer has bank accounts at either Barclays Bank London / HSBC LONDON the SBLC doe not need to be SWIFT but delivered via Internal Banking Systems.