Process Flow Chart - Sblc Issuance And Monetization
- 1. PROJECT SEEKING FUNDSa)Applicationb) Proof of Funds - Bank details & Ledger Bank Statementc)Client Information Sheet Passport Copyd)Letter of Intent – customere)Acceptance of MT103/23 text Once we have received the above information then will go toStep 1- Contract IssuedProcess Flow Chart For SBLC Issuance & MonetizationEach project is unique in structure and every attempt will be made to make the deal work for all parties80% to 90% of Instrument is MonetizedSubmit S SubmitFeesSBLCSBLCSBLCStep 2Monetization Application then ContractStep 2 , 3 and 6Client - SBLC Application then contract 12-15% of Face Value of SBLC Proof of FundsFunding Requirements $20M minimum and less than $500MStep 5 & 7Credit Line Bank Balance Sheet LeverageAA or AAA Rated BankMonetization Entity are High Net Worth Clients of the Credit Line BankAfter we receive App. & Corp. info. a thru g1) Contract is issued2) Client signs the contract and returns to Provider which states issuance and monetization procedures3) Client issues a SWIFT MT103/23 conditional payment in favor of Provider4) Provider confirms & issues a MT760 in favor of Credit Line BankCredit Line bank confirms receipt & verifies the instrument.Client releases payment via unconditional MT103Credit Line bank releases the percent client paid for SBLC in 5 - 10 banking days Issuing AdvisoryHigh Net Worth Clients of the Issuing BankUse Debt &Equity structure or Equity Only *Debt & Equity- Term can be 10-20 yrs 6% -9% fixed. No Pre-Payment Penalty. Proceeds paid in monthly draw schedule of 12 months or less.No interest during the draw period. Can get up to a 12 mo. Moratorium on making paymentsequity up to 20% stake.*Equity Only – Up to 40%. Loan is Forgiven.Step 4Provider/Issuing BankAA or AAA rated Bank