Procedures to Purchase Fresh Cut SBLC’s issued by HSBC, London

Owner/Seller of the FC Issued SBLC’s has a large amount of Cash Funds deposited in HSBC, London and DBS, Singapore and has a significant Allocation of SBLC’s to be issued.

 

Issuing Bank: HSBC, London

Term: One Year and One Day

Currency: Euros

Backed: Cash Backed

Buyers Banks: Top 10 Publicly Traded  Commercial Western European Banks. Also; Top  Singapore and US Banks.

Price: 42+2 (1% Sell Side / 1% Buy Side)

Turn Around: From contract delivery of purchased instrument is 48 hours or less.

 

Detailed Buying Procedures: (subject to change and or some verbiage flexibility)

1) Buyer must first pass compliance before receiving the contract and any type of bank-to-bank transaction can take place.

 

To Start: buyer provides

• CIS or KYC (and passport) of signatory whom is the original earner and owner of the fund

• (BCL) Bank Capability Letter sent directly to the Sellers secure email address and then forwarded to sellers intake officer.

Both no more than 3 days old

No bank to bank POF can be accepted!

 We will arrange a secure way to protect buyers’ information in sending the POF.

 

Before the Owner/Seller arranges the new issued SBLC’s from its allocation for delivery to the Buyer, the Buyer must pass Compliance.

Client Information Sheet (CIS), Passport of Account Signatory Party.  An Up- to-Date Proof of Funds will be requested to be sent to the Owner/Seller directly only after initial compliance. This POF is best confirmed with a Bank Confirmation Letter (BCL Issuing Bank’s Verbiage) addressed to the Funds Owner signed by two Bank Officers. The BCL is sent directly to the SBLC Owner/Seller agent.

 

Other possible ways such as a secure email from the Buyer/Investor’s Banker acknowledging the amount of the free, clear and unencumbered funds to the Buyer/Investor email from the Bank Server with Bank Officer’s IP information to show that it came from the Buyer’s Bank along with a written Authority to Verify (ATV) SBLC Buyer’s funds may be possible.

The POF verification will be sent directly to the Seller Signatory via secure email. After confirmation of the Buyer’s Funds and Buyer’s passing all Compliance requirements, the Provider will contact the Buyer immediately to arrange the delivery of the contract.

No Bank-to-Bank POF without prior approval of exact verbiage to be sent by the sending bank and full information provided on the sending banker. No DOA’s sent by the Buyer to be countersigned by the SBLC Owner/Seller.

 

With Buyer having passed Compliance, they will have full engagement and communicate directly with the Owner/Seller of the New Issued SBLC’s priced at 42% + 2%. We will be able to get the best possible pricing set by the Issuing Bank HSBC UK.

 

Owner/Seller will issue a Sales Purchase Agreement (SPA) providing all of the required banking disclosures and counter KYC along with the Identifier Number of the SBLC in accordance with banking rules and regulations before signature.

 

Owner/Seller will also sell into a Buyer’s Line of Credit provided it has been activated from another Asset owned by the Buyer.

 

Owner/Seller of the New Issued SBLC’s has a large amount of Cash Funds deposited in HSBC UK Bank and DBS Bank Singapore and has a significant Allocation of SBLC’s to be issued.

If the Buyer has funds in Barclays Bank London, HSBC London, or DBS Singapore, the transaction can be completed with payment settled internally. If the Buyer has funds deposited in another top Bank, the Provider may be able to set up an Account at the same Bank and settle payment internally.

 

No MT799 pre-advice is sent by the Owner/Seller before the delivery of the MT760 Standard Brussels SWIFT unless it is arranged between the SBLC Owner/Seller and the Buyer.

If Buyer desires, but not required after the SPA is signed, prior to the Buyer sending a MT103 for payment, the Buyer may choose to have his banker message that payment with MT103 will be made to the Seller Bank Officer directly from the Buyer Bank Officer. If so, the Seller’s Bank Officer will respond with a MT799 RWA to establish full bank responsibility to deliver the instrument. It will include the exact instrument specifics i.e. Identifier, for the instrument in the signed contract to be delivered. Bank Officer to Bank Officer can be established at this time. Before Payment for the SBLC, Buyer will be able to confirm the issued SBLC held in a Custodial Bank Account in Buyer’s name at HSBC UK and obtain Full Bank Responsibility for Delivery of the SBLC. Payment is made by the Buyer by MT103 Standard Brussels SWIFT. SBLC is then delivered by MT760 Standard Brussels SWIFT, with hard copies sent to the Buyer directly from the Sending Bank Officer.

 

Owner/Seller will deliver the SBLC to the Buyer via MT760 within 48 hours or less to the designated Bank of the Buyer. SBLC Original Hard Copy to follow by Bonded Courier if requested by the new SBLC Owner.

If the new SBLC Owner wishes, the approved Asset can be monetized at 70% by the Owner/Seller/Trade Platform with their own credit lines, with cash funds deposited in the Owner’s name in his Bank Account selected or in a new Bank Account established for the SBLC Owner. Funds received in 30 days with no obligation to pay off the monetized funds and the Full-Face Value of the SBLC is paid to the Owner at time of maturity. The monetized funds can be utilized in any manner the SBLC Owner wishes.

Presentation is by the Legal Authorized Representative for the Owner/Seller of the Issued SBLC’s (One Year) and Cash Backed SBLC’s from HSBC-UK.​