Our Services
Receive SBLC Today!
SERVICE AND INSTRUMENT DESCRIPTION :
SBLCs can be used as successful tools to secure financing for your projects. These are typically used in global finance, trade finance, credit enhancement, project finance, and so much more. Although these are successful tools, it can be hard to secure them. It is almost impossible for small businesses to receive cash funds from investors who are having sblcs.
However, you can rely on our Instruments which can be used for Project Funding. Most people are unaware that this is even an option.
You can have an access to our cash-backed Guarantees for a fee, or a lease. When this term has concluded you can extend it, or it is returned to the original holder. The asset holder will enter into a joint ownership with the potential borrower, or this asset can be transferred over completely. This assures that there will not be a problem with the ownership of the account.
The leased/purchased Guarantee will give the same rights to the account holder during the term. The new owner can encumber, place a lien and use this account for security purposes
SBLC/BG/CG:
We provide SBLCs from some of the top banks in the world and utilize Bloomberg, Euroclear, DTC screen block and pay and the SWIFT network as well. We use SWIFT MT799 to deliver bank to bank Guarantees, as well as SWIFT MT760.
Deposit Requirements for SBLCs' via SWIFT :
| # | Instrument Face Value | Funds Required for Lease- Euros |
|---|---|---|
| 1 | 10 Million to 250 Million | 10% of the Instrument Face Value |
| 2 | 250 Million to 500 Million | 8% of the Instrument Face Value |
We Protect Our Client Deposits Fully Through 2 Levels of Protection :
You never have to worry about your security with our two levels of protection :
- A Two Percent (2%) Non-Performance Penalty
- Providing Notarized Contract, Indemnity Bond & Refund Cheque including Penalty
Brokers & Consultants :
- Respected in the Industry
- Larger Commissions
- You Won’t Be Just Another Broker in a Chain
Estimated Completion Time :
The SWIFT MT760 will be Delivered in 2 Days following the Issuing and Receiving Banks exchange of MT799s.
16 Reasons to Lease/Buy SBLCs from Us!
- Our Program Operates with the Top 100 Banks of the World.
- We offer Project Funding for our own SBLCs in case clients needs this service.
- Our Instruments are available in a variety of currencies like the USD or Euro.
- We offer Low Leasing Rates of 18+2 (17% Total) for Rated Bank or 14+2 (16% Total) for Non-Rated Bank or 5+2 (7% Total) for other financial institution SBLCs
- Offer five days to have full refund incase is there any issue with our instrument after arrives it to your bank.
- We include pre-advice about your MT799.
- We protect 100 percent of your deposit with Indemnity Bond and Refund Cheques.
- We allow Clients to sit with us till the transaction completes.
- Simple Project Report is enough even for SBLC Monetization.
- We promise that after MT799 is sent, MT760 will be sent within 48 hours.
- We offers SWIFT, Bloomberg, Euroclear or DTC delivery to your Bank.
- We will pay a commission of up to 2% to any brokers.
- We develop your SBLC specifically for each client.
- We impose a performance penalty of 2% in every contract.
- Our banks will give BPU, and also ensure to payout in case of SBLC Monetization
SWIFT Closing Process :
1. Beneficiary will submit LOI along with CIS, KYC & Bank Statement.
2. Bridge & The Beneficiary will sign the contract and Bridge will send the following to the Beneficiary
Notarized Contract
Corporate Indemnity Bond
Refund Cheque along with under taking letter for costs including 2% penalty
Invoice for the Issuance Costs
3. The Beneficiary have two days to send the payment of the reservation cost, SWIFT delivery, etc. by a wire transfer. Then a receipt of this transfer is emailed to Bridge.
4. Our Bank has three business days from the receipt of the the itemized list of costs to issue payment and delivery to the beneficiary’s institution.
5. Within five business days the Provider must send MT-799 Pre-Advice to the beneficiary’s bank, and email a copy to the beneficiary. This is to conclude whether they are ready to receive the SWIFT MT760, which must compete within 5 days.
6. Within three days the receiving bank must state confirmation of the receipt and note that they are ready to receive the SWIFT MT760 (and also they should send BPU if any costs are pending)
7. Within three days the provider’s institution will send the SBLC through the SWIFT MT760.
8. When the receiving bank has received the SBLC, they will confirm this with the other bank and will pay within 5 days if any costs to be paid.
9. If the beneficiary does do not pay the payments, then our bank will place a claim on the SBLC which causes the receiver’s institution to return the SBLC through SWIFT MT760. Any payments that have been made will not be refunded.
10. Our Bank will have one week within the reception of the payment of the SBLC to send a copy of the SBLC to the beneficiary’s bank through a courier that is bank-bonded.
11. Any additional tranches will abide by the same procedures and will continue until the funds have been depleted.
Important: Our contracts have a clause that requires the purchaser to return the Leased Instrument to the institution that issued the Instrument not later than 15 days before the first year completion of the contract. This is required of all leased Instruments.
Euroclear & Bloomberg Closing Process :
- Once the contract is signed, the provider’s will talk to their institution and instructs them to use the Euroclear/Bloomberg Screen to coordinate the delivery of the SBLC.
- The provider’s institution must email a certified receipt of the SBLC delivery through Euroclear/Bloomberg.
- Once the receipt is acknowledged the Beneficiary immediately pay for the leasing fees. (screen block and pay).
- SBLC has to be returned before the 15 days of its maturity
Required Documents:
- Fill out Instrument Application (We will send you upon request)
- When you’ve finished the Application, E-mail it to: info@bridgefunding.asia
Compliance Standard :
- Accepted Standard: Clients must abide by our standards and accurately fill out the application online.
-
Rejected Standard:
- Any Beneficiary who is from a sanctioned country
- Any situation where a client cannot or will not pay the deposit.
Important Information :
- With our SBLC delivery service, everything is non negotiable. We will not alter the price of any part of this service.
- There is no way to have a FREE SBLC, or to allow a client to pay for a SBLC after the MT760 has arrived. If this is not paid in full, or paid for under the Bank Payment Undertaking, then no SBLC will ever be delivered. Banks will not deliver any SBLCs until the funds are secure.
Funding through SBLC Monetization
INSTRUMENT AND SERVICE DESCRIPTION :
Monetization of SBLC for the intention of Project Funding
We never require our clients to pay upfront fees for Project Funding and are only compensated when a project is completed. This is the agreement that we contractually possess with our clients.
Through SBLC, we can provide you with a loan, through careful negotiations with our investors. This is a loan that you will very seldom have to pay back, and if you do end up having payments, they will be at a low rate.
There are 4 Platforms that We Utilize :
1. Euroclear :
The Euroclear process is extremely fast, and the best part is there is no SWIFT fees. Euroclear is one of the most established financial transaction networks in the world and was founded by JP Morgan in 1968.
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2. Bank SWIFT :
This SBLC will be delivered between the two banks through SWIFT MT799 and SWIFT MT760.
3. DTCC :
The Depository Trust and Clearing Corporation issues SBLCs that we accept. Again, through this process, there are no SWIFT fees, and this company was founded in 1999 and is seen as one of the leaders in the industry.
4. Bloomberg :
The Bloomberg process is extremely fast and there is no SWIFT fees. Bloomberg was founded in 1981 and is one of the most established financial transaction networks in the world.
Recourse Loan Value on SBLC:
-
10 to 500M Leased Instrument – 20% on the value of the non rated SBLC, 65% on the Value of the rated SBLC. This loan has an interest between 2% to 4% per annum and can span up to ten years in length. (SBLC will have to be blocked or renewed until the loan’s duration is complete).
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Note: 5 % commission will be paid on all Loans.
How Long Does it Take?:
Up to two weeks after the paperwork is completed or a week after the instrument is SWIFT, DTCC, Bloomberg or Euroclear.
Brokers & Consultants :
- Respected in the Industry
- Larger Commissions
- You Won’t Be Just Another Broker in a Chain
SWIFT Closing Process :
1. Once the paperwork is completed, the client’s sends SWIFT MT799 to the bank to set up the release.
2. The Funders' bank, after receiving the SWIFT MT799 from the client’s bank, will reply with a SWIFT MT799 RWA/BPU.
3. Once the clients’s bank receives the BPU/RWA to received the bank instrument, client’s sends SWIFT MT760 to Funders' bank.
4. Once these SWIFT MT760 are received and authenticated, our bank will respond within a week to grant the project funding.
5. At the end of a year, your banker has to return the SBLC within 15 days of the completion of the contract.
Euroclear & Bloomberg Closing Process :
1. Once the contract is signed, the client will talk to their institution and instructs them to use the Euroclear/Bloomberg Delivery to coordinate the delivery of the SBLC.
2. The client’s institution must email a certified receipt of the SBLC delivery through Euroclear.
3.Once the receipt is acknowledged the banker has a week days to grant the Funding.
4. The SBLC has to be returned not more than 15 days before the contract has been signed for a year.
Documents Required :
1. Complete the Application for Corporate Guarantee Funding
2. Fill out the Application for Bank Instrument Funding and email to: info@bridgefunding.asia
Standards of Compliance :
1. Accepted Standard: The instrument has to be delivered by SWIFT, DTCC, Bloomberg or Euroclear from a Rated Bank.
2. Rejected Standard: Any Bank Instrument from any private financial institution
