Non Recourse Funding Program Through Soleil Chartered Bank BG/SBLC Providing and Discounting

Soleil Chatered Bank BG/SBLC Providing and discounting:-

  1. Name of the issuing Bank:- Soleil Chartered Bank, NewYork
  2. Type of Instrument:- Standby Letter of Credit/Bank Guarantee
  3. Face Value of the SBLC:- Minimum 10M USD to 50M USD
  4. Leasing Price payable after discounting:- 3% +2%
  5. Provider Country:- USA (Applicant can apply to Bank through us)
  6. Beneficiary Country:- UK/QATAR/Doha/Israel
  7. Discounting Bank:- Habib Bank UK/ Doha Bank Qatar/Other Banks
  8. Discounting Value to client – 13%+2%
  9. Total Time Frame to close the Deal:- 20 Banking days

PROCEDURE:-
a. Applicant will submit the required documents
b. We will perform the due diligence on the documents.
c. Upon completing the successful due diligence, Provider will issue the SBLC Providing DOA draft to the applicant.
d. Applicant and Provider will complete the DOA with their details and sign the same, thus it will become a commercial contract.
e. Within 2 banking days the discounting agreement will be signed by applicant and the discounter, and it will become a full commercial contract
f.Within 2 banking days of signing both of the agreements, provider will raise an invoice of Swift Transmission Charges to start the transaction
g.Applicant should clear the invoice amount within 2 banking days.
h. Within 2 banking days of reflecting the payment Provider will order Soleil Chartered Bank to issue MT 799 RWA Swift.
i.Within 2 banking days of verification of MT 799 RWA, Receiving bank will reply to Soleil Chartered Bank with MT 799 BPU Payment Guarantee
j. Within 3 banking days of verification of MT 799 BPU, Soleil will issue MT 760 SBLC.
k. Within 10 banking days of receipt and verification of MT 760, the receiving bank will disburse the Leasing price to Soleil Bank, Intermediary Commission and rest of the Non-Recourse Funding to the Applicant.
Please go through the deal overview and and the detailed procedure of our proposed deal.


Required Documents:-
1.Client Information Details

2.Passport of the authorized signatory and ROC of the company

3. Any utility Bill (Water Bill/Tax Bill/Electricity Bill) 

PLEASE NOTE: If clients interested to get SBLC from directly Soleil Chartered Bank, we can introduce to you to the bank and you can directly interact with bank.

Interested Clients are requested with their queries and Documents at info@finnovativeventures.com

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