Unlock the door to financial possibilities with our tailored solutions, designed to assist clients in various circumstances:
When your credit score falls short of institutional requirements.
If a high Debt To Income Ratio is holding you back.
Overcoming the challenge of a high Loan To Value Ratio.
When the Debt Service Coverage Ratio seems insurmountable.
Liquidity constraints or limited facility.
If you do not have collaterals
Includes
Each instrument is tailored to suit the requirements of each transaction. We have Prime and non Prime Banks in place.
Terms of issuance
The Client provides copy of the contract OR submit application along with the KYC documents
NDA will be signed by the Client
A copy of draft instrument to be given for the Clients’ review and approval (to share with the Beneficiary or Beneficiary’s Bank for their acceptance of the draft text of the instrument)
Client signs the draft as their acceptance of the instrument text (If approved)
Advisors sign the contract with client and client will provide additional KYC documents, as specified by the Bank
Client wires opening fees to Advisor’s bank account as per the invoices raised by the Advisors. This fee is 100% refundable in case of non issuance.
Client signs Indemnity Agreement with the Provider of the Instrument
Provider releases instrument to Bank for issuance
Assuming no further KYC questions, Bank issues SWIFT instrument within 5 working days.
Advisor emails a copy of SWIFT MESSAGE to client
Thus completing the transaction
Letter Of Credit (LC, LC Sight) (AAA rated we have prime bank .LC for selected countries & selected clients).
Standby Letter of Credit (SBLC) (We have AAA bank SBLC for selected countries & selected clients).
Bank guarantee (We have AAA bank BG for selected countries & selected clients).
Performance Guarantee.
A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.
The Standby Letter of Credit (Standby LC) is, like the guarantee, commonly used to cover the risk of a contract party not fulfilling agreed obligations, for instance failure to pay or deliver. Standby LCs can be used in open account trade as well as a complement to collections and documentary credits (DCs). (MA has prime banks SBLC without collaterals which are rare in the arena ).
Under a bank guarantee, if the buyer is unable to make the payment to the seller or creditor, then the bank pays the fixed amount to the seller as the obligations of the contract are not met. On the other hand, under a letter of credit, the bank makes the payment to the seller once he or she delivers. (MA has a prime bank BG without collateral which is rare in the arena).
A performance guarantee is an enforceable commitment by a corporate entity to supply the necessary resources to a prospective contractor and to assume all contractual obligations of the prospective contractor.