{"id":760,"date":"2020-06-08T12:49:56","date_gmt":"2020-06-08T12:49:56","guid":{"rendered":"https:\/\/exetergroupofcompanies.com\/?page_id=760"},"modified":"2025-01-12T20:49:13","modified_gmt":"2025-01-12T20:49:13","slug":"leased-standby-letter-of-credit-sblc-monetization","status":"publish","type":"page","link":"https:\/\/exetergroupofcompanies.com\/ar\/leased-standby-letter-of-credit-sblc-monetization\/","title":{"rendered":"Leased Standby Letter of Credit (SBLC) Monetization"},"content":{"rendered":"
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Leased Standby Letter of Credit (SBLC) Monetization<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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INSTRUMENT AND SERVICE DESCRIPTION:<\/b><\/p>

Complete Recourse Loan & Non-Recourse Loan Monetization of Leased Standby Letter of Credit (SBLC) for Project Funding<\/h4>

We provide loan monetization services for Leased Standby Letters of Credit (SBLC) aimed at project funding. Clients are not required to pay upfront fees for monetization; we only receive compensation upon project completion. This policy is part of our contractual agreement with our clients and Exeter Group.<\/p>

How It Works<\/h4>

Through a Leased SBLC, we can monetize the instrument and offer a loan by working with an attorney-trustee office in the USA. This loan often does not require repayment, and if repayments are necessary, they are structured at a low rate. Funds are disbursed from an attorney trust IOLTA federal bank account with a legal opinion to ensure smooth release processes with local banks.<\/p>

There are 4 Monetizations that We Utilize:<\/em><\/strong><\/p>

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1. Euroclear<\/strong>\u00a0\u2013 The Euroclear process is extremely fast, and the best part is there are no SWIFT fees. Euroclear is one of the most established financial transaction networks in the world and was founded by JP Morgan in 1968.<\/p>

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2. Bank SWIFT<\/strong>\u00a0\u2013 This (BG) is delivered between the two banks through SWIFT MT799 and SWIFT MT760.<\/p><\/div><\/div><\/div><\/div><\/div><\/div>

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3. DTCC<\/strong>\u00a0\u2013 The Depository Trust and Clearing Corporation issue BGs that we accept. Again, through this process, there are no SWIFT fees, and this company was founded in 1999 and is seen as one of the leaders in the industry.<\/p>

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4. Bloomberg \u2013\u00a0<\/strong>The Bloomberg process is extremely fast and there are no SWIFT fees.\u00a0Bloomberg was founded in 1981 and is one of the most established financial transaction networks in the world.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>

Important: We have to option to purchase the Leased\u00a0<\/em><\/strong>Standby Letter of Credit (SBLC) in its entirety or the client can retain their ownership and take out a non-recourse loan.\u00a0<\/em><\/strong>Most clients want to take the route of the Non-Recourse\u00a0loan payment.<\/em><\/strong><\/p>

The Monetizer\u00a0must return the Leased\u00a0<\/em><\/strong>Standby Letter of Credit (SBLC) to the Issuing bank 15 days before the\u00a0<\/em><\/strong>Standby Letter of Credit (SBLC) expiration.
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Monetization LTV for a\u00a0Non-Recourse Loan (this loan have a lower LTV but you don\u2019t have to pay back):<\/em>
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