Leased Bank Draft

Apply for Your Leased Bank Draft Today!

SERVICE AND INSTRUMENT DESCRIPTION:

Bank Drafts are widely used in financial funding for various purposes, including global finance, trade finance, credit enhancement, and other financial endeavors. While access to Bank Drafts can be challenging, utilizing an investor’s cash fund can significantly enhance your financial opportunities.

A Leased Bank Draft provides a unique opportunity to temporarily utilize someone else’s capital for a fee. This allows you to act as the owner of these funds and use them as collateral for your financial projects. At the end of the lease term, the funds revert to the original owner unless an extension is agreed upon.

Leased Bank Draft

Exeter Group of Companies LLC issues Leased Bank Drafts through the Top 100 European banks and ensures delivery via the secure SWIFT MT110 system.

We Ensure Full Protection of Client Deposits with Three Levels of Security:

Non-Performance Penalty (2%)
- A 2% penalty applies to any party failing to perform their obligations.
- This penalty covers cases where the Provider issues a Corporate Invoice, but the Beneficiary’s Bank does not respond or pay, or if the Beneficiary’s Bank is ready to receive the Bank Instrument and it is not delivered through SWIFT MT760, DTC, Euroclear, or Bloomberg.
Refund Deposit Program
- All agreements are bank-endorsed and include full bank responsibility, providing insurance coverage for deposits.
- The endorsing bank guarantees payment upon transaction completion before Exeter Group collects any fees from the client.
Attorney’s Client Trust Account
- Payments are exclusively made to an attorney’s office client trust account once the agreement is approved by our compliance department and endorsed by the bank.
- The compliance officer will provide detailed payment instructions, which will also appear on the invoice.

Our Refund Deposit Program ensures the complete safety of your deposits.

14 Advantages of Leasing a Bank Draft from Exeter Group:

We collaborate with the Top 100 Banks worldwide.
Available exclusively in Euros.
Competitive leasing rates: 10% (8+2%) for hard copies and 20% (18+2%) for SWIFT MT110 delivery.
Up to five days are provided for payment completion after delivery.
SWIFT MT110 or a copy of the Bank Draft with the buyer’s name is included.
Payments are fully protected.
No personal or corporate credit checks required.
No project documentation is necessary.
Agreements are signed and finalized within 72 hours.
Easy delivery of hard copies to buyers or through SWIFT MT110.
Brokers can earn up to 2.5% commission.
Bank drafts are tailored to the client’s specifications.
Agreements include a 2% non-performance penalty.
Your deposit is 100% secure.

Payment Requirements:
Before the delivery of the Leased Bank Draft, full payment or a 5% deposit (€50,000 minimum) is required, along with a Bank Payment Undertaking.

For more information, contact us at [email protected].

Deposit Requirements for a Leased Bank Draft:

If you Do NOT have Initial Deposit Funds and want a FREE Bank Instrument.

Hard Copy Closing Procedures:

Bank Draft Agreement and Delivery Procedures

Step-by-Step Process for Bank Draft Delivery:

Contract Execution:
- Both the Beneficiary and the Provider sign all necessary contracts and documentation, including the Memorandum of Understanding and the Letter of Intent.
Provider Actions:
- On the next business day, the Provider’s institution will:
  - Confirm the Bank Draft.
  - Verify the Beneficiary.
  - Review the Bank Delivery Coordinates for Compliance.
Beneficiary Actions:
- Within two business days, the Beneficiary must instruct their bank to send a SWIFT for the full Bank Draft cost. A reservation fee equal to 5% of the Bank Draft’s value is required.
Bank Draft Creation and Delivery:
- Three business days after the Provider’s bank receives the reservation cost, the Bank Draft will be created and sent to the Beneficiary’s institution.
- The Provider’s bank has up to 10 business days to deliver a hard copy of the Bank Draft to the Beneficiary.
Bank Payment Undertaking (BPU):
- If a BPU is used to secure payment, funds must be released within five business days, along with a 2% consulting fee or commission.
Additional Tranches:
- Any subsequent tranche follows the same process until all funds are depleted.

SWIFT MT110 Closing Procedures

Contract Signing:
- The Beneficiary and Provider sign all agreements to formalize the contract.
Provider’s Endorsement:
- On the next business day, the Provider’s institution will:
  - Confirm the Bank Draft.
  - Verify the Beneficiary.
  - Assess the compliance of bank delivery details.
Beneficiary Payment:
- Within two business days, the Beneficiary must:
  - Send a SWIFT for the full Draft cost, including the portfolio fee, reservation fee (5% of the Bank Draft’s face value), and wire transfer receipt.
Draft Acknowledgment and Delivery:
- Within three business days, the Provider’s bank will acknowledge receipt of the payment and create the Bank Draft.
- The Original Hard Copy will be delivered within 10 business days, and upon a request via SWIFT from the receiving bank, the MT110 will be sent per the signed agreement.
Bank Payment Undertaking:
- Funds must be released within five days, along with any applicable fees and the 2% consultancy charge.
Additional Tranches:
- All subsequent tranches follow the same procedures until funds are exhausted.

Important Contract Terms:

The Leased Bank Draft must be returned to the issuing bank no later than 15 days before the one-year contract anniversary.

Required Documents

Application Submission:
- Complete the Bank Draft Application form below.
- Send the completed form to: [email protected]
Compliance Standards:
- Accepted: Clients who meet compliance standards, submit a fully completed application, and provide a Bank Comfort Letter (BCL).
- Rejected:
  - Clients using prohibited assets or instruments.
  - Applications submitted without a deposit fee.
  - Applications missing a BCL.

Important Information

Fixed Pricing and Procedures:
- The pricing and processes for Bank Draft delivery are non-negotiable.
No RWA or BCL Letters:
- Exeter Group does not issue Ready Willing and Able (RWA) or Bank Comfort Letters (BCL). These letters are often misused to seek credit lines and are not permissible under our policies.
No Free or Post-Delivery Payments:
- All Bank Drafts must be paid for in full or via Bank Payment Undertaking before delivery. Banks do not operate without secure payment.
Exclusive Payment Channels:
- Payments are only accepted through the attorney’s client trust account. Exeter Group is not responsible for payments made to third parties, including brokers or delegated offices.

For further inquiries, please contact: [email protected]