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Exeter Group provides a wide range of financial instruments tailored for individuals and organizations seeking funding solutions for their financial ventures.
Purchase Owned Standby Letter of Credit (SBLC)
Receive Your Owned SBLC Today!
SERVICE AND INSTRUMENT DESCRIPTION:
Exeter Group offers a wide variety of financial instruments designed to support individuals and organizations in achieving their financial goals. Whether you require non-recourse collateral, recourse collateral, or credit enhancement, our team collaborates with leading investors from European and North American banking institutions to deliver tailored solutions.
Purchase of Standby Letter of Credit (SBLC)
Our Standby Letter of Credit (SBLC) is issued by Top 100 World Banks and delivered through trusted platforms such as the Bank SWIFT Network, Bloomberg, Euroclear, or DTC. Delivery is facilitated using SWIFT MT799, SWIFT MT760, or Screen Block and Pay mechanisms.
Comprehensive Client Deposit Protection
At Exeter Group, we ensure complete security for our clients’ deposits through three levels of protection:
Two Percent (2%) Non-Performance Penalty
- A 2% damage fee is applied to any party failing to perform. This includes instances where the Provider sends a Corporate Invoice, and the Beneficiary’s Bank does not respond or pay, or if the Beneficiary’s Bank is ready to receive the BANK INSTRUMENTS but no delivery is made via SWIFT MT-760, DTC, Euroclear, or Bloomberg.
Refund Deposit Program
- All agreements are bank-endorsed and confirmable with full bank responsibility. Once a bank endorses an agreement, it becomes responsible for payment, ensuring the client’s deposit is fully secure. We are the only facilitators globally to guarantee 100% of the initial deposit through bank endorsement before any client payment is processed.
Attorney’s Client Trust Account
- Upon approval by the compliance department and bank endorsement, payments are made exclusively to an attorney’s client trust account. Banking details are provided directly by an Exeter Group compliance officer and included in your invoice.
16 Advantages of Purchasing a Standby Letter of Credit (SBLC) from Exeter Group
- Collaborations with Top 100 World Banks ensure credibility.
- Monetization services are available for our bank instruments.
- SBLC is available in EUR and USD.
- Competitive pricing: 50% (48+2%) for rated banks and 35% (33+2%) for non-rated banks.
- Minimum face value for purchasing an SBLC is 50 Million.
- Payment completion within five days of receiving MT760.
- Pre-advice for MT799 included with SBLC issuance.
- No corporate or personal credit checks.
- No project documentation required.
- Agreements are signed and returned within 72 hours.
- MT760 facilitates SWIFT delivery to your bank.
- Alternative delivery options include Bloomberg, Euroclear, or DTC.
- Brokers earn up to 1.5% commission.
- SBLCs are customized to meet client-specific needs.
- Non-performance penalty of 2% included in all contracts.
- Deposit is 100% protected with provider bank endorsement.
Partner with Exeter Group to secure your financial future with an owned SBLC today!
Deposit Requirements for Owned SBLC via SWIFT:
Deposit Requirements for Owned SBLC via EUROCLEAR & BLOOMBERG:
If you Do NOT have Initial Deposit Funds and want a FREE Bank Instrument.
SWIFT Closing Process
Procedure for SBLC Transactions
Contract Signing
The Beneficiary and Provider sign the contract, which includes a Memorandum of Understanding (MOU) and a Letter of Intent (LOI). This establishes a binding contractual agreement.Provider Bank Endorsement
On a mutually agreed business day, the Provider’s bank endorses the agreement, authorizing the following:- Swift delivery of MT799 and MT760.
- Payment for MT760 portfolio reservation.
- Beneficiary verification.
- Compliance assessment coordinated by the bank.
Portfolio Reservation Payment
The Beneficiary, within two (2) international banking days, instructs their bank to wire the portfolio reservation cost of €XXX,XXX to the Provider’s bank account and sends a copy of the wire transfer receipt to the Provider via email.Issuance of Bank Instruments
Within three (3) banking days after the Provider’s bank receives the portfolio reservation payment, the Provider instructs their issuing bank to prepare the Bank Instruments for delivery to the Beneficiary’s bank. A BPU (Bank Payment Undertaking) confirming the reservation cost must be verified before MT799 issuance.Submission of Bank Comfort Letter (BCL)
The Beneficiary, within three (3) banking days, provides a confirmable Bank Comfort Letter (BCL) and a Bank Payment Undertaking (BPU) favoring the Transaction Code No. _______________. A copy of the BCL must be emailed to the Provider.MT799 Pre-Advice Issuance
Within ten (10) banking days, the Provider verifies the Bank Comfort Letter (BCL) and sends an MT799 Pre-Advice to the Beneficiary’s bank, requesting confirmation:
“Are you ready to receive SWIFT MT760 with Bank Instrument, verify, and pay by SWIFT MT103 within five (5) calendar days according to Transaction Code No. _______________?” A copy of the MT799 is emailed to the Beneficiary.Delivery of SBLC via SWIFT MT760
Within three (3) banking days, the Provider’s institution delivers the SBLC to the Receiver’s bank using SWIFT MT760.Payment Confirmation
Upon receipt of the SBLC, the receiving bank confirms it and processes payment within five (5) days. Payment includes 50% of the agreed amount (minus the initial deposit), along with a 2% consultant fee.Non-Payment Clause
If the Beneficiary fails to make payments, the Provider reserves the right to place a claim on the SBLC. This action prompts the Receiver’s institution to return the SBLC via SWIFT MT760. Payments already made will not be refunded.Courier Delivery
The Provider’s bank has one week from the payment receipt to send a copy of the SBLC to the Beneficiary’s bank via a bank-bonded courier.Additional Tranches
Any subsequent tranches will follow the same process and continue until the agreed funds are fully utilized.
This structured process ensures seamless execution and safeguards all parties involved in the SBLC transaction.
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Exeter Group
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Euroclear & Bloomberg Closing Process:
Procedure and Terms for SBLC Transactions
Execution of Agreement
The Provider and Beneficiary execute, sign, and initiate the Letter of Intent/Memorandum of Understanding (LOI/MOU). Upon signing, this document becomes a binding full commercial recourse contract agreement.Provider Bank Endorsement
Within one (1) banking day, the Provider’s bank endorses the agreement, guaranteeing Beneficiary payments for:- Swift Transmission (MT799 and MT760).
- Portfolio Reservation Cost (MT760).
- Beneficiary Verification.
- Compliance Assessment of Bank Delivery Coordinates.
Portfolio Reservation Payment
Within two (2) international banking days, the Beneficiary instructs their bank to wire the portfolio reservation cost of $XXX,XXX (__________________) to the Provider’s designated receiving bank coordinates. A copy of the wire transfer receipt must be emailed to the Provider.Issuance of Bank Instrument
Within three (3) banking days of receiving the portfolio reservation payment, the Provider instructs the issuing bank to prepare the Bank Instruments and schedule their delivery via Euroclear or Bloomberg Screen to the Beneficiary’s bank.Submission of BCL and BPU
Within three (3) banking days, the Beneficiary provides a confirmable Bank Comfort Letter (BCL) and a Bank Payment Undertaking (BPU) referencing Transaction Code No. _______________. A copy of the BCL must be emailed to the Provider.Delivery Confirmation via Euroclear/Bloomberg
Within ten (10) banking days, the Provider confirms the BCL and emails a certified receipt of the Bank Instrument delivery through Euroclear or Bloomberg Screen to the Beneficiary. A copy of the screen receipt is provided to the Beneficiary by email.Final Payment
Upon acknowledgment of receipt, the Beneficiary immediately pays 50% of the face value purchasing fees (minus the initial deposit paid). This process follows the “screen block and pay” method.
Required Documents
- Completed SBLC Application Form.
- Submit the completed application to: [email protected].
Compliance Standards
Accepted Standards:
- Clients must adhere to all specified standards and complete the application accurately.
Rejected Standards:
- Providers offering SBLCs listed on the Forbidden Assets and Financial Instrument List.
- Clients unable or unwilling to pay the deposit.
Important Information
Banking Days: Only banking days are considered; weekends and holidays are excluded.
Non-Negotiable Terms:
- Prices and procedures for SBLC services are fixed and non-negotiable.
- No RWA or BCL letters are issued to prevent misuse for credit shopping.
- SBLC delivery requires payment in full or via Bank Payment Undertaking before MT760 issuance.
Payment Security:
- Payments are exclusively processed through the Attorney’s Client Trust Account. The Provider is not liable for payments made to third parties, including brokers or delegation offices.
Leasing and Monetization Timeline
- Compliance Approval: Initial application review takes 72 hours.
- Application Processing: Additional 72 hours for due diligence after submission.
- Payment Submission: The client has three (3) days to submit payment upon agreement approval.
- Leasing Process: Leasing the bank instrument takes 35 working days after payment.
- Monetization: Monetizing the bank instrument takes 30 working days.
Total Timeline: 65 working days after payment receipt.
For further inquiries or assistance, contact [email protected].
Read the Standby Letter of Credit (SBLC) – Purchase Owned Application & Agreement Below
Become An
Exeter Group
Broker Today!