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Our Leased Standby Letter of Credit is an issuance of the World Top 100 Banks, and delivered throught SWIFT. Banks send this SBLC back and forth through SWIFT MT799 and then SWIFT MT760.
Leasing Standby Letter of Credit (SBLC)
Rewrite this:
Leased Standby Letter of Credit (SBLC)
A Standby Letter of Credit (SBLC) serves various purposes in global finance, such as credit enhancement, project finance, and trade finance. It is an invaluable financial instrument, but accessing the necessary investor cash funds can be challenging—this is where Exeter Group comes in.
When leasing an SBLC, you retain the rights of ownership during the term. You can use the SBLC as collateral, place a lien, or monetize it. These rights remain available throughout the lease term or upon contract renewal.
Our Leased SBLC is issued by top-tier global banks, including institutions within the World’s Top 100, and is delivered using Bloomberg, Euroclear, DTC screen block and pay, and SWIFT. These transactions are facilitated through SWIFT MT799 and SWIFT MT760.
Client Deposit Protection
Your security is assured through our Three Levels of Protection:
2% Non-Performance Penalty:
- If a party fails to fulfill their obligations, a 2% penalty fee is incurred.
- This applies if:
- The Provider sends a Corporate Invoice and the Beneficiary’s Bank fails to respond or pay.
- The Beneficiary’s Bank is ready to receive the bank instrument, but no delivery is made from the Provider’s Bank via SWIFT MT760, DTC, Euroclear, or Bloomberg.
Refund Deposit Program:
- All agreements are bank-endorsed with full bank responsibility, offering an insurance wrap.
- Endorsed agreements ensure that the issuing bank guarantees payment upon transaction completion.
- Exeter Group is the only facilitator globally to guarantee 100% of your initial deposit through bank endorsement before fees are collected.
Attorney’s Client Trust Account:
- Payments are made exclusively to an attorney’s client trust account after compliance approval and bank endorsement.
- Banking details are provided directly by Exeter Group’s Compliance Officer (CCO) and included in your invoice.
Key Benefits of Leasing SBLC from Exeter Group
- Instruments issued through Top 100 Global Banks.
- Monetization services available for Exeter Group’s bank instruments.
- Available in both EUR and USD.
- Competitive leasing rates:
- Rated Banks: 8+2 (10% total).
- Non-Rated Banks: 5+2 (7% total).
- Payment completion within five (5) days of receiving MT760.
- Pre-advice for MT799 included with the SBLC.
- 100% Deposit Protection guaranteed.
- No corporate or personal credit checks required.
- No project documentation needed.
- Agreements signed and finalized within 72 hours.
- Delivery options: SWIFT MT760, Bloomberg, Euroclear, or DTC.
- Broker commissions of up to 1.5%.
- SBLC tailored to meet each client’s specific needs.
- 2% Non-Performance Penalty clause in all contracts.
- Deposit fully secured, with payouts endorsed by the Provider’s Bank.
For unparalleled financial solutions and secure SBLC leasing services, trust Exeter Group.
Deposit Requirements for Leased Standby Letter of Credit (SBLC) via SWIFT:
Deposit Requirements for Leased BG’s via EUROCLEAR & BLOOMBERG:
Prices in EUROS
If you Do NOT have Initial Deposit Funds and want a FREE Bank Instrument.
SWIFT MT-799/MT-760 Closing Process:
1. The Beneficiary and provider sign the contract initiating the memorandum of understanding and the letter of intent. This enters them into a contractual agreement.
2. During an upcoming day of business the providing bank will endorse the agreement, granting the beneficiary payment for:
* Swift delivery of the MT799 and MT760
* MT760 Cost of Portfolio Reservation
* Verifying the Beneficiary
*Compliance Assessment Coordinated by the Bank
3. Beneficiary, within two (2) international banking days, instructs his Bank to send swift transmission/portfolio reservation cost of €XXX, XXX by wire transfer to the Provider’s banking coordinates, and emails a copy of the wire transfer receipt to the Provider (BPU securing the leasing fee needs to be confirmed before the MT799).
4. Within three (3) banking days after the Providers Bank has received the above bank swift transmission/portfolio reservation cost, the Provider will instruct his issuing bank to cut the Bank Instruments for the Beneficiary and schedule its delivery to the Beneficiaries Bank.
5. Within ten (10) banking days Provider sends MT-799 Pre-Advice to the Receiver’s bank asking “Are you ready to receive SWIFT MT760 with Bank Instrument, verify and pay by SWIFT MT103 in five (5) calendar days according to Transaction Code No. _______________?” (Provider shall provide a copy of said MT799 to the Beneficiary by email).
6. Within three (3) banking days thereafter Receiver’s Bank sends a MT799 to Provider’s bank “Yes, Confirmed, we are ready to receive SWIFT MT760 with Bank Instrument, verify and pay by SWIFT MT103 in five (5) calendar days according to Transaction Code No. _______________?” (Beneficiary shall provide a copy of said MT799 to the Provider by email).
7. Within three days the provider’s institution will send the SBLC through the SWIFT MT760.
8. When the receiving bank has received the SBLC, they will confirm this with the other bank and will pay within 5 days 10% (minus initial deposit paid to provider), which includes a 2% consultant fee.
9. If the beneficiary does do not honor the payments, then the Provide will place a claim on the SBLC which causes the receiver’s institution to return the SBLC through SWIFT MT760. Any payments that have been made by the beneficiary will not be refunded.
10. The provider’s bank has one week within the reception of the payment of the SBLC to send a hard copy of the SBLC to the beneficiary’s bank through a courier that is bank-bonded.
11. Any additional tranches will abide by the same procedures and will continue until the funds have been depleted.
Important: In our contracts, the purchaser must return the Leased Standby Letter of Credit (SBLC) to the Issuing institution 15 days prior to the year anniversary of the contract.
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Deposit Requirements for Leased BG’s via EUROCLEAR & BLOOMBERG:
- Provider and Beneficiary execute, sign and initiate this Letter of Intent / Memorandum of Understanding, which thereby automatically becomes a full commercial recourse contract agreement.
- One Banking day the Provider Bank Endorsed this agreement guarantee the Beneficiaries payment for the:
- Swift Transmission (MT799 and MT760)
- Portfolio Reservation Cost (MT760)
- Beneficiary Verification
- Bank Delivery Coordinates Compliance Assessment
- Beneficiary, within two (2) international banking days, instructs his Bank to send swift transmission/portfolio reservation cost of $XXX,XXX (_________________________) by wire transfer to the Providers provided receiving bank coordinates, and emails a copy of the wire transfer receipt to the Provider.
- Within three (3) banking days after the Providers Bank has received the above bank swift transmission/portfolio reservation cost, Provider will instruct his issuing bank to cut the Bank Instruments for the Beneficiary and schedule its delivery via Euroclear/Bloomberg Screen to the Beneficiaries Bank
- Within ten (10) banking days provider’s institution must email a certified receipt of the Bank Instrument delivery through Euroclear/Bloomberg. (Provider shall provide a copy of said Euroclear/Bloomberg Screen to the Beneficiary by email).
- Once the receipt is acknowledged the Beneficiary immediately pays for the leasing fees. (screen block and pay).
- The Bank Instrument has to be returned no more than 15 days before the contract has been signed for a year.
Read the Standby Letter of Credit (SBLC) – Leased Application & Agreement Below
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Exeter Group
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