Title: Bank Instrument Monetization Process. How To Use It?
1Bank Instrument Monetization Process How To
Use It?
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3Certain amount of money on behalf
- Bank instrument monetization is a written
commitment of a bank that issues it to pay a
certain amount of money on behalf of the banks
client in favor of a beneficiary in case the
client/buyer is not able to fulfill its financial
obligation to the beneficiary/seller.
4 Buy the goods from a local supplier or foreign
exporter
- Using a Standby LC in business transactions is an
indication of good faith and proof of financial
credibility and repayment capabilities of a buyer.
5Considering an offer from a buyer
- A POF is a document prepared by a bank instrument
monetization that affirms that an individual or
business entity has the funds on hand to enter
into a given financial transaction.
6 We have also developed relationships with some
of the banks in the world to Monetize Bank
Instruments for clients worldwide by arranging
the monetization against owned Bank instrument
monetization such as BGs (Bank Guarantees),
LOCs (Letter of Credit), SBLCs (Standby Letter
of Credit), and other banking and financial
instruments. This form of financing can be
used in combination with our cash-backed stand by
letter of credit (SBLC) or Bank Guarantee (BG)
Program in order to monetize the newly created
document to obtain the right funds for project
financing.
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