At SRI Capital, we Provide flexible financial solutions to support commercial transactions, such as SBLC, LC, DLC, BG.

I. TRANSACTION DESCRIPTION:

1.1. Instrument: Bank Guarantee (BG) or Standby Letter of Credit (SBLC) or Letter of Credit

(LC) or Documentary Letter of Credit (DLC)

1.2. Total Face Value: Euro/USD 1,000,000.00 – Euro/USD 5,000,000,000.00

1.3 Issuing Bank: HSBC Bank London, HSBC Bank, Hong Kong, Barclays Bank London,

Deutsche Bank AG Frankfurt, Citi Bank USA

1.4. Age: One Year and One Day (With the option of Rolls and Extension)

1.5. Leasing Fee: Contact Us to know more details

1.6. Delivery: Bank to Bank Swift MT799 and/or MT760

1.7. Payment: MT103

1.8. Hard Copy: By Bank Bonded Courier within 7 banking days after delivery of Swift.

II. TRANSACTION PROCEDURE:

2.1 Lessor and Lessee execute, sign and initial this Deed of Agreement, which thereby automatically becomes a full commercial recourse contract to be lodged by both parties for initiation of Swift Transmission.

2.2. Within three (3) banking days after both parties sign the Agreement, Lessor will issue a Notarized signed and sealed Corporate Refund Recourse Undertaking duly endorsed by the issuing bank to the Lessee guarantying to refund to the Lessee all cost incurred by Lessee as the transmission/administrative charges for the transmission of Pre-Advice via Swift MT799 or BG/SBLC/LC/DLC via Swift MT760 or both after due execution of the contract and in case of failure on the Lessor’s side the Notarized signed and sealed Corporate Refund Recourse Undertaking guarantees that the Lessor refunds completely the transmission/administrative fees in addition to a the penalty for failure of performance being 1% of the total face value of BG/SBLC/LC/DLC.

2.3 Within three (3) working days after the Lessee receives contract documents including the invoice and refund undertaking from the Lessor, the Lessee will make payment by direct wire transfer into the Lessor’s provided bank coordinates for the receiving of the bank transmission/administrative charges the bank transmission/administrative fees for the Pre-Advice via Swift MT799 or BG/SBLC/LC/DLC via Swift MT760 or both as the case maybe in the amount of Euro/USD XX,000.00.

2.4. Within two (2) banking days after confirmation of receipt of payment of the bank transmission/administrative fees charges for the BG/SBLC/LC via Swift MT760 or Pre-Advice via Swift MT799 or both in Lessor’s bank account, the Lessor will deliver the Pre-Advice or BG/SBLC/LC/DLC via Bank to Bank confirmation of Swift MT799 or MT760 to the Lessee’s banker including the hard copy of the BG/SBLC/LC/DLC via bank bonded courier in Seven (7) banking days.

2.5 Lessee sends out leasing fees by Swift MT103 to the Lessor deducting the initially paid bank transmission/administrative fees and the brokers their commission fees (0.5 +X)% of total Face Value by wire transfer within thirty (30) days upon delivery, confirmation and verification of BG/SBLC/LC/DLC by MT760 in the Lessee’s nominated account and BG/SBLC/LC/DLC hard copy in the Lessee’s nominated bank.

2.6 Should the Lessee not deduct the bank transmission/administrative charges from leasing fees paid, the Lessor shall refund bank charges to Lessee by direct wire transfer within three (3) banking days upon payment of the leasing fees.

2.7 Any unauthorized calls by any party or its representative lawyers to probes or communication in an improper way to bank(s) in this transaction shall be prohibited and contract terminated.

Should the Lessee default to pay the leasing fees to the Lessor and the brokers commission fees as agreed after 30 banking days of confirmation of BG/SBLC/LC/DLC MT760 in lessee’s bank account, Lessor will instruct the issuing bank to put a claim on the BG/SBLC/LC/DLC thereby forcing the Lessee’s bankers to return the BG/SBLC/LC/DLC MT760 to the issuing Bank.

III. SCHEDULE OF BANK TRANSMISSION FEES BG/SBLC (MT760/MT799)

Face Value Of Instrument (USD/EURO) Face Value Of Instrument (USD/EURO)Bank Transmission Charges (USD/EURO) Bank Transmission Charges (USD/EURO)
$1M – $20M25,000.00
$21M – $50M35,000.00
$51M – $100M55,000.00
$101M – $250M75,000.00
$251M – $500M100,000.00
$501M – $999M120,000.00
1B and above (In tranches of 500M each) 1B and above (In tranches of 500M each)(100,000 for each tranche of 500M) (100,000 for each tranche of 500M)

IV. BANK SECURITY ISSUANCE – TRANSACTION ROAD MAP

  • DAY 1: LOl with CSI submitted by applicant.
  • DAY 4: The issuing Platform checks the Availability of the Securities or suggests an alternative Security.
  • DAY 7: Legal Desk will verify the documents with the FCA Regulated Firm (Notarizing Firm ) and access Applicant’s capabilities. Accepted applicants will receive the Issuer Executed Legal Agreement for Securities Issuance Program.
  • DAY 10: Applicant will submit the Executed Agreement to issuing authority. This agreement should be Notarized by the Notary Public.
  • DAY 13: Within two (2) banking days from the receipt of the Notarized Contract, issuing authority will lodge the contract to its Securities issuing bank.
  • DAY 16: The issuing Platform checks the Availability of the Securities or suggests an alternative Security.
  • DAY 21: Within five (5) banking days from the document submission, Issuing Bank will send the Tradable &Transferable Securities/Security through SWFIT MT760 to the beneficiary bank.
  • DAY 36: Within Fifteen (15) banking days from the receipt and verification of the SWIFT MT760, beneficiary bank will transfer the pre-approved Lease /Purchase fee through SWIFT MT103.
  • DAY 38: If the beneficiary does not honor the payment, then the Issuer will place a claim on the Securities which will cause the receiver’s bank to return the SWIFT MT760.
  • DAY 43: The Issuing Bank has one week within the reception of the payment of the Securities to send the hard copy of the Securities to the beneficiary bank through a courier that is bank bounded
  • DAY 374: the Beneficiary must return the Leased Securities to the Issuing Platform 51 days prior to the year anniversary of the contract.