Financial Instrument / Banking Acronyms (Official Guide)

Viney - Financial Instruments

SBLC, BG, Monetization

ATV – Authority to Verify

BF – Blocked Funds – Blocked Funds. Money generated by a company’s foreign operations that cannot be moved from one country to another because of one or more regulations in the country in which the money was generated.

BG – Bank Guarantee – A Bank Guarantee is where one Bank (the Issuing Bank) issues an indemnity to another Bank (the Beneficiary Bank) or directly to a Beneficiary, on behalf of its account holder. The Issuing Bank will expect its account holder to pledge ‘assets’ to the bank for its issue.

CD – Certificate of Deposit – A certificate of deposit is a time deposit, a financial product commonly sold by banks, thrift institutions, and credit unions. CDs are similar to savings accounts in that they are insured “money in the bank” and thus virtually risk free

CMO – Commercial Mortgage Obligation – A collateralized mortgage obligation (CMO) refers to a type of mortgage-backed security that contains a pool of mortgages bundled together and sold as an investment. Organized by maturity and level of risk, CMOs receive cash flows as borrowers repay the mortgages that act as collateral on these securities

CUSIP – Committee on Uniform Securities Identification Procedures – CUSIP stands for the Committee on Uniform Securities Identification Procedures. Formed in 1962, this committee developed a system which it implemented in 1967 to identify securities—specifically U.S. and Canadian registered stocks, U.S. government and municipal bonds, exchange-traded funds, and mutual funds

DLC – Documentary Letter of Credit – Documentary Letter of Credit (L/C, DLC) Letter of credit (Documentary Letter Of Credit (L/C, DLC) is the bank’s obligation to pay the seller of goods or services a certain amount of money in the timely submission of documents confirming shipment of goods or performance of contractual services

DTC – Depository Transfer Check – A depository transfer check (DTC) is used by a designated collection bank to deposit the daily receipts of a corporation from multiple locations. Depository transfer checks are a way to ensure better cash management for companies, which collect cash at multiple locations.

DVP – Delivery Versus Payment – Delivery versus payment or DvP is a common form of settlement for securities. The process involves the simultaneous delivery of all documents necessary to give effect to a transfer of securities in exchange for the receipt of the stipulated payment amount. (Wikipedia Contributors, 2019)

IBOE – International Bills of Exchange – A bill of exchange is a written order once used primarily in international trade that binds one party to pay a fixed sum of money to another party on demand or at a predetermined date.

ICBPO – Irrevovable Conditional Bank Pay Orders – ICBPO means (Irrevovable Conditional Bank Pay Orders). ICBPO has been banned and have been made illegal by most governments. BG and SBLC Issuers that continue to ask for ICBPOs as payment are completely out of touch by seeking a form of financial payment that has been made illegal in most countries.

ISIN – International Securities Identification Number – An International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue. The organization that allocates ISINs in any particular country is the country’s respective National Numbering Agency (NNA). (Investopedia, 2019)

KTT – Key Tested Telex – KTT (Key tested telex) is what banks used to use to transfer and receive funds before the SWIFT system. It is an older form of wire transfer of funds which used a telex machine (instead of the modern digital data transfer) messages authenticated by the use of code (key) numbers.

LC – Letter of Credit – A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.

LOI – Letter of Intent – A letter of intent (LOI) is a document declaring the preliminary commitment of one party to do business with another. The letter outlines the chief terms of a prospective deal.

LTN – Long Term Note

LTV – Loan to Value Ratio – The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. The term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property. (Wikipedia Contributors, 2019)

MOU – Memorandum of Understanding – A memorandum of understanding (MOU or MoU) is a formal agreement between two or more parties. Companies and organizations can use MOUs to establish official partnerships. MOUs are not legally binding but they carry a degree of seriousness and mutual respect, stronger than a gentlemen’s agreement.

MTN – Mid Term Note – A medium-term note (MTN) is a note that usually matures in five to 10 years. A corporate MTN can be continuously offered by a company to investors through a dealer with investors being able to choose from differing maturities, ranging from nine months to 30 years, though most MTNs range in maturity from one to 10 years.

NDA – Non Disclosure Agreement – A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA) or secrecy agreement (SA), is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties.

NCND – Non Circumvention Non Disclosure – Also known as a non–disclosure agreement, a non–circumvention agreement is a legally-binding agreement that is established to prevent a business from being bypassed or circumvented by other parties involved in a business deal.

POF – Proof of Funds – A proof of funds (POF) is a document or bank statement proving that a person has the financial ability to perform a transaction.

PPP – Private Placement Program – Private Placement Programs (PPPs)are legitimate investment vehicles that are accessible to a wide variety of investors. Part of the confusion regarding trade programs is the dual use of the acronym “PPP”. The acronym is also used to mean “Private Placement Partnerships”.

ROI – Return on Investment – ROI (Return on Investment) measures the gain or loss generated on an investment relative to the amount of money invested. ROI is usually expressed as a percentage and is typically used for personal financial decisions, to compare a company’s profitability or to compare the efficiency of different investments.

SBLC – Standby Letter of Credit – A Standby Letter of Credit (SBLC / SLOC) is a guarantee that is made by a bank on behalf of a client, which ensures payment will be made even if their client cannot fulfill the payment. It is a payment of last resort from the bank, and ideally, is never meant to be used.

SKR – Safe Keeping Receipt – Safe Keeping Receipt or SKR, or Safekeeping, is where an asset owner elects to place that asset in the care of an Agent, usually a Bank or a Financial Institution and receives an acknowledgement from the Bank as to their “Safekeeping” of that asset.

SPV – Special Purpose Vehicle – Special purpose vehicle (SPV), also known as special purpose entity (SPE), refers to a legal entity that is created to isolate a parent company from financial risk, including bankruptcy.

Please note, Reginald H. Viney ICS offers Fresh Cut Cash Backed Bank Guarantee BG / SBLC Standby Letter of Credit issued a top rated bank.
For more information contact us on Email – reginald.vhenry@vineyconsults.com
reginald.vhenry@gmail.com

Phone – +61390164251

Apply Here For SBLC / BG

Aplly sblc/bg

HOW DOES THE STANDBY LETTER OF CREDIT (SBLC) PROCESS WORK?


Closing Process

Step 1: Application 

Fill out and return the Standby Letter of Credit (SBLC) application with the documents for your deal (Pro Forma Invoice, SPA, Contract, etc.)

Step 2: Issuing of Draft

A SWIFT MT760 draft of the Standby Letter of Credit (SBLC) will be created for you and your seller/exporter to review and confirm.

Step 3: Draft Review and Opening Payment

a) Finalize the draft between you and your seller/exporter and sign off on the draft (changes are free of cost).

b) We issue you a payment invoice for the SBLC, which you arrange to pay.

c) Once we receive your wire payment, we will release the finalized Standby Letter of Credit (SBLC) to the bank for issuance and delivery.

Step 4: Issuance 

More often than not, the bank will issue the Standby Letter of Credit (SBLC) within 48 hours of release.

Once issued, a copy of the SBLC will be emailed to you as it is transmitted by a MT760 SWIFT message to the beneficiary, including the reference number of the SBLC.

Your seller’s bank will receive and confirm the Standby Letter of Credit (SBLC) transmission soon thereafter.

Step 5: Presentation of Documents

Once the seller/exporter has prepared and loaded all goods for shipment, they must send the specified documents for that particular shipment to their own bank.  

Their bank will then forward the documents to our bank, and we will email you copies of the presentation and all of the documents that were submitted by the seller/exporter for your review and approval.  

Step 6: Payment of Goods

Before our bank can release the original documents, we must receive payment for the presentation.  

Once we have received payment, we cosign the documents to you and send them to your freight forwarder or to whomever you wish.  This completes the transaction.

The Standby Letter Of Credit (SBLC) is governed by a set of guidelines known as the Uniform Customs and Practice (UCP 600), which was first created in the 1930s by the International Chamber of Commerce (ICC).

Click Here To Apply And Begin The Process

SBLC, BG, MTN, LTN, LOAN

Bank Guarantee Monetization (BG) – Leased By Reginald H. Viney

Bank Guarantee Monetization – Leased BG Instrument & Service Description

Complete Non-Recourse Bank Guarantee Monetization of Leased BGs.

We offer 3 types of Bank Guarantee Monetization settlement methods:

1/ Bank SWIFT – We use the Bank SWIFT Network to have the Bank Guarantee (BG) delivered Bank to Bank using SWIFT MT799 followed by SWIFT MT760.

2/ Euroclear – We use the Euroclear Network because the Euroclear settlement process is fast, transparent and uses the Free Euroclear Delivery process so Clients DO NOT incur any SWIFTING FEES or Delays. Euroclear is a well established European financial transaction settlement network that was founded in 1968 by JP Morgan and continues to operate successfully employing over 3500 people today.

3/ DTCC – On some deals, we now also accept delivery of the Leased Bank Guarantees (BG) by DTC also known as DTCC (The Depository Trust & Clearing Corporation). The advantage of DTC is that clients using this process to deliver a Leased Bank Guarantees (BG) DO NOT incur bank SWIFTING FEES. DTC is a well established International business that was founded in 1999 and in 2015 was recorded as settling 1.5 Quadrillion Worldwide making its the highest value securities settlement processor in the world.

Reginald Viney Bank Guarantee Monetization services are ideal for clients looking to Discount, Monetize, or create an immediate Non Recourse loan against a Leased Bank Guarantee (BG) that they control. The Bank Guarantee Monetization process for Leased Bank Guarantees (BG) issues Non Recourse funds to the Client shortly after the Bank Guarantee (BG) is delivered to the Monetizer.

Important: Our contracts also include the monetizer returning the Leased Bank Guarantee (BG) to the Issuing bank 15 days prior to the Bank Guarantees (BG) expiration. This is a critical requirement of most Leased Bank Guarantee Issuers.

Bank Guarantee Monetization LTV:
10 to 49M Bank Guarantees – 45% to 55% Non Recourse
50M+ Bank Guarantees – 55% to 65% Non Recourse
Estimated Completion Time:
7 to 14 days after all documents are signed and verified or 3 to 4 Days After Instrument Delivery on the SWIFT or Euroclear Networks.

Bank Guarantee, BG, Standby Letter of Credit, SBLC, PPP, MTN, LTN, Buy, Fund, Monetize, Sell, Discount, Managed BG Program
Brokers & Consultants:
Always 100% Protected & Respected
Healthy Commissions Paid
Be Direct to the Finance Source, NOT in a Broker Chain!
We offer 3 Profitable Broker Levels
Register here as a Broker now!
Closing Process – SWIFT
After execution of the Bank Guarantee Monetization contract by both parties, the Client will instruct his bank to send SWIFT MT799 to the bank coordinates provided by the Monetizer.
The Monetizers bank on receipt of the SWIFT MT799 from the clients’ bank will reply with a SWIFT MT799.
On receipt of the Monetizers bank, SWIFT MT799 the Clients bank will deliver the Bank Guarantee (BG) by SWIFT MT760 to the Monetizers bank.
Upon receipt, confirmation and delivery of the SWIFT MT760, the Bank Guarantee Monetizer will within maximum four (4) banking days grant a Non-Recourse Loan for the LTV as agreed from its nominated bank to the Client.
The Bank Guarantee Monetizer agrees to return the Bank Guarantee (BG) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.
Closing Process – Euroclear:
After execution of the Bank Guarantee Monetization contract by both parties, the Client will instruct his bank to assign the Bank Guarantee (BG) using FREE Euroclear Delivery to the bank coordinates provided by the Monetizer.
The Clients Banker shall immediately email a certified Euroclear execution receipt of the Bank Guarantee (BG) delivery to the Monetizer.
Upon receipt and confirmation of the Euroclear assignment and delivery, the Bank Guarantee Monetizer will within maximum three (3) banking days grant a Non-Recourse Loan for the LTV as agreed from its nominated bank to the Client.
The Bank Guarantee Monetizer agrees to return the Bank Guarantee (BG) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.
Example:
The Bank Guarantee (BG) is issued with a Value of: $100,000,000,000

The Bank Guarantee Monetization (BG) is Non Recourse at 65% LTV being: $65,000,000,000

The Client is paid $65,000,000,000


Standby Letter of Credit Monetization (SBLC) – Owned

Standby Letter of Credit Monetization (SBLC) – Owned
Instrument & Service Description:

Complete Leased Standby Letter of Credit Monetization (SBLC) Non Recourse

We offer 3 Standby Letter of Credit Monetization (SBLC) settlement methods:

1/ Bank SWIFT – We use the Bank SWIFT Network to have the Standby Letter of Credit (SBLC) delivered Bank to Bank using SWIFT MT799 followed by SWIFT MT760.

2/ Euroclear – We use the Euroclear Network because the Euroclear settlement process is fast, transparent and uses the Free Euroclear Delivery process so Clients DO NOT incur any SWIFTING FEES or Delays. Euroclear is a well established European financial transaction settlement network that was founded in 1968 by JP Morgan and continues to operate successfully employing over 3500 people today.

3/ DTCC – On some deals, we now also accept delivery of the Owned Standby Letter of Credit (SBLC) by DTC also known as DTCC (The Depository Trust & Clearing Corporation). The advantage of DTC is that clients using this process to deliver an Owned Standby Letter of Credit (SBLC) DO NOT incur bank SWIFTING FEES. DTC is a well established International business that was founded in 1999 and in 2015 was recorded as settling 1.5 Quadrillion Worldwide making its the highest value securities settlement processor in the world.

Reginal Viney’s  Standby Letter of Credit Monetization services are ideal for clients looking to Discount, Monetize, or create an immediate Non Recourse loan against an Owned Standby Letter of Credit (SBLC) that they control. The Standby Letter of Credit Monetization process for an Owned Standby Letter of Credit (SBLC) issues Non Recourse funds to the Client shortly after the Standby Letter of Credit (SBLC) is delivered to the Monetizer.

Important: We can purchase the Owned Standby Letter of Credit (SBLC) outright or allow the client to retain full ownership of it and create a Monetized Non Recourse payment against the Owned Standby Letter of Credit (SBLC). Most clients prefer to retain ownership and take the Non Recourse payment.

Our contracts also include the monetizer returning the Owned Standby Letter of Credit (SBLC) to the Issuing bank 15 days prior to the Standby Letter of Credit (SBLC) expiration.

Standby Letter of Credit Monetization LTV:
Standby Letter of Credit (SBLC) Sale – 80% Non Recourse
Standby Letter of Credit (SBLC) Monetization – 70% to 80% Non Recourse
Estimated Completion Time:
7 to 14 days after all documents are signed and verified or 3 to 4 Days After Instrument Delivery on the SWIFT or Euroclear Networks.

Bank Guarantee, BG, Standby Letter of Credit, SBLC, PPP, MTN, LTN, Buy, Fund, Monetize, Sell, Discount, Managed BG Program
Brokers & Consultants:
Always 100% Protected & Respected
Healthy Commissions Paid
Be Direct to the Finance Source, NOT in a Broker Chain!
We offer 3 Profitable Broker Levels
Register here as a Broker now!
Closing Process – SWIFT
After execution of the Standby Letter of Credit Monetization contract by both parties, the Client will instruct his bank to send SWIFT MT799 to the bank coordinates provided by the Monetizer.
The Monetizers bank on receipt of the SWIFT MT799 from the clients’ bank will reply with a SWIFT MT799.
On receipt of the Monetizers bank, SWIFT MT799 the Clients bank will deliver the Standby Letter of Credit (SBLC) by SWIFT MT760 to the Monetizers bank.
Upon receipt, confirmation and delivery of the SWIFT MT760 the Standby Letter of Credit Monetizer will within maximum four (4) banking days grant a Non-Recourse Loan for the LTV as agreed from its nominated bank to the Client.
The Standby Letter of Credit Monetizer agrees to return the Standby Letter of Credit (SBLC) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.
Closing Process – Euroclear:
After execution of the Standby Letter of Credit Monetization contract by both parties, the Client will instruct his bank to assign the Standby Letter of Credit (SBLC) using FREE Euroclear Delivery to the bank coordinates provided by the Monetizer.
The Clients Banker shall immediately email a certified Euroclear execution receipt of the Standby Letter of Credit (SBLC) delivery to the Monetizer.
Upon receipt and confirmation of the Euroclear assignment and delivery, the Standby Letter of Credit Monetizer will within maximum three (3) banking days grant a Non-Recourse Loan for the LTV as agreed from its nominated bank to the Client.
The Monetizer agrees to return the Standby Letter of Credit (SBLC) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.


Standby Letter of Credit (SBLC)


Trade Finance & Trade Goods Payment Security Solutions.

Reginald Viney

Apply Here For Standby Letter of Credit (SBLC) Here!

Standby Letter of Credit (SBLC) Introduction

A Standby Letter of Credit is often used to provide security for an obligation, such as a lease or other long-term contract. Landlords may require a deposit or a standby letter of credit that guarantees payment from the issuing bank if a tenant falls in arrears. Often, large contracts may require at least one of the parties to have a standby letter of credit in place for the transaction to move forward. A standby letter of credit guarantees the beneficiary that it will be paid from a creditworthy bank if it’s unable to get paid by its counterparty in a transaction.

Reginald H. Viney ICS provides standby letters of credit, allowing transactions to happen that otherwise might be considered too risky by the receiving entity.

Standby Letter of Credit (SBLC) Benefits

A letter of credit minimizes risk, maximizes control, and optimizes profits associated with international trade by making transactions simpler, smoother and safer for all sides.

Buyer Benefits

You may not have the necessary collateral requirements or relationship with the bank to get a letter of credit—but we do.
You don’t have to leave deposits with your supplier since your letter of credit will be opened for the full amount of the transaction—so your cash is not tied up or at risk while your supplier can often borrow against a letter of credit.
You may significantly increase your ability to do business with companies outside the U.S. by bolstering your financial position with your suppliers.
You can build safeguards into the letter of credit, including inspection of the goods and quality control, and set production and delivery times. This gives you more quality control over your goods.

Seller Benefits

Payment is assured as long as you comply with the terms and conditions of the letter of credit. The credit risk is transferred from the buyer to the issuing bank, which is obligated to pay even if the buyer goes bankrupt.
You have easier access to financing and can transfer all or part of the letter of credit to another party, e.g., to purchase raw materials.
The collection time is minimized, as the letter of credit accelerates payment of receivables, and foreign exchange risk is eliminated when it is issued in the currency of your country.

5 Reasons to use Reginald H. Viney ICS to deliver Standby Letter of Credit (SBLC) for you:

  • 72 Hour Delivery – We normally deliver s Standby Letter of Credit (SBLC) within 72 hours of all documentation and payments being completed.
  • Any Country – We will issue a Standby Letter of Credit (SBLC) for the import/export of goods from ANY country except Austria.
  • Any Currency – We will issue a Standby Letter of Credit (SBLC) in almost any currency except Renminbi.
  • Lower Fees – Our fees for issuing a Standby Letter of Credit (SBLC) are more cost-effective than many larger public banks.
  • Less Restrictive – Our required control clauses for a Standby Letter of Credit (SBLC) are much easier than other banks.
  • We use the Bank SWIFT Network to have the clients Standby Letter of Credit (SBLC) delivered Bank to Bank. We operate a reliable, efficient delivery and authentication process to ensure all Standby Letters of Credit (SBLC) are successfully delivered for our clients.

Client Deposits are 100% Protected with 2 Levels of Protection.
We value our relationships with our clients so much that ALL CLIENT DEPOSITS for a Standby Letter of Credit (SBLC) receive 2 Tiers of Protection which are:

  • Corporate Refund Undertaking
  • Non Performance Penalty

Standby Letter of Credit (SBLC) Costs

Costs are customized to each Goods transaction and therefore an exact quote can be provided once a completed application is received, but as a pricing guide:

A 1 Year Standby Letter of Credit (SBLC) costs 6.8% plus $1,000
A 90 Day Standby Letter of Credit (SBLC) costs 3.3% plus $500
Additional 30 Day periods cost .6% plus $150
Bank Guarantee, BG, Standby Letter of Credit, SBLC, PPP, MTN, LTN, Buy, Fund, Monetize, Sell, Discount, Managed BG Program

Estimated Completion Time:

A Standby Letter of Credit (SBLC) is normally issued within 72 hours of all documentation and payments being completed by the Applicant.

Letter Of Credit (Explained)

viney consults

A letter of credit is a bank’s written promise that it will make a customer’s (the holder) payment to a vendor (called the beneficiary) if the customer does not.

Examples of Letters of Credit


Letters of credit are most common in international transactions, where buyers and sellers do not have an established relationship or laws and conventions may make certain transactions challenging. I’ll give an example, let’s assume that Company Beta$ sells widgets in Chicago and Company Alpha€ manufactures widgets in Germany. Company Beta$ wants to import $100,000 worth of widgets manufactured by Company Alpha€, but Company Alpha€ is concerned about Beta$’s ability to pay for them.

To address this, Company Beta$ gets a letter of credit from its bank, Bank of Chicago, indicating that Company Beta$ will make good on the $100,000 payment in, say, 60 days, or Bank of Chicago will pay the bill itself. Bank of Chicago then sends the letter of credit to Company Alpha€, which then agrees to ship the widgets.

After the shipment goes out, Company Alpha€ (or Company Alpha€’s bank) then asks for its $100,000 by presenting a written draft (also called a bill of exchange) to Bank of Chicago. Although letters of credit mostly benefit sellers, they also protect buyers, because Company Alpha€ must present Bank of Chicago with written proof of the widget shipment in order to get paid. This proof usually includes a commercial invoice, bill of lading, or an airway bill. After Bank of Chicago pays Company Alpha€, it turns to Company Beta$ for reimbursement (usually by debiting Company Beta$’s bank account).

Banks would usually require a pledge of securities or cash collateral in order to issue a letter of credit to a holder. Banks also collect a fee for issuing letters of credit; the fee is usually a percentage of the size of the letter of credit. The International Chamber of Commerce Uniform Customs and Practice for Documentary Credits governs letters of credit used in international transactions. In the United States, the Uniform Commercial Code governs letters of credit used for domestic transactions.

There are several kinds of letters of credit:


A commercial letter of credit is one of the most common and is reflected in the example above. This kind of letter acts as the primary payment mechanism between the customer and the beneficiary; that is, the issuing bank makes the actual payments to the beneficiary every time. So in our example above, Bank of Chicago pays Company Alpha€ directly, even if Company Beta$ has the cash and the means to fulfill its obligation to Company Alpha€.

A standby letter of credit, on the other hand, is a secondary payment mechanism, meaning that the bank pays the beneficiary only when the holder cannot. Both parties to a standby letter of credit never hope to have to use it. In our example above, Bank of Chicago would only pay Company Alpha€ directly if Company Beta$ couldn’t.

A revolving letter of credit lets the customer make any number of draws for a certain period as long as they do not exceed a certain limit.

A traveler’s letter of credit is a promise that the issuing bank will honor drafts made at certain foreign banks.

A confirmed letter of credit is a letter of credit that has another bank besides the issuing bank standing behind it. This second bank is called the confirming bank, and it is usually (but not always) the seller’s bank. The confirming bank ensures payment under the letter of credit if the holder and the issuing bank default on the letter of credit. This is usually done at the request of the issuing bank in international transactions.

Letters of credit are usually negotiable instruments, meaning that the issuing bank must pay the beneficiary or any bank nominated by the beneficiary. In some cases, letters of credit are also transferable, meaning that the beneficiary has the right to assign the right to draw to another entity (such as a corporate parent or even a third party).

Why do Letters of Credit matter?
A letter of credit is a tool to reduce risk — it essentially substitutes the bank’s credit for the customer’s credit and helps facilitate international trade.

It is important to note that a letter of credit is not the same as a bank guarantee, although with both instruments the issuing bank accepts a customer’s liability if the customer defaults. With a guarantee, the seller’s claim goes first to the buyer, and if the buyer defaults, then the claim goes to the bank. With letters of credit, the seller’s claim goes first to the bank, not the buyer. Although the seller will probably get paid in both cases, letters of credit offer more assurance to sellers than guarantees generally do.

Dealing with bank instruments such as Letter Of Credit and Bank Guarantee can be quite tricky this is why you must talk to a financial expert with years of experience when it comes to matters like this.

We at Viney Consults are a direct mandate to a renowned and genuine provider of BG / SBLC for Lease and Sale. Issuance is by top AAA-Rated Banks In Europe / USA. With over 20 years of experience working in the Financial Instruments Department Of World Top 25 Banks are are the obvious smart choice to go with.

Primarily we focus on Bank Guarantee (BG), Standby Letter Of Credit (SBLC), MTN (Mid Term Note), LTN (Long Term Note), PPP (Private Placement Programs).

More importantly, we also have access to BG/SBLC monetization.

We are also providers of Fresh Cut BG, SBLC and MTN which are specifically for lease and purchase, Our bank instrument can be engaged in PPP Trading, Discounting Signature Projects like Construction, Oil and gas, Telecommunication etc.

My team Consists of Seasoned Bankers, Dealmakers, Commodities Traders And Solicitors.

Reginald Henry Viney SBLC

Contact: Reginald Henry Viney

E: reginald.vhenry@gmail.com

Standby Letter Of Credit (SBLC) Costs

cost of  sblc

Cost Of SBLC

The cost on a Standby Letter Of Credit (SBLC) is tailored specifically to each transaction, as a reason you would have to obtain a quote that is specific to the project in question.

As a guide nonetheless find below a typical SBLC Cost Quotation:

  • A 1 Year Standby Letter Of Credit (SBLC) costs 6.8% plus $1000
  • A 90 Day Standby Letter Of Credit (SBLC) costs 3.3% plus $500
  • An Additional 30 Day Period costs .6% plus $150

If you would like to lease or purchase an SBLC from a Top AAA Rated bank then contact Reginald H. Viney on reginald.vhenry@gmail.com

SBLC/BG Available For Lease And Purchase


I am a direct mandate to a renowned and genuine provider of BG / SBLC for Lease and Sale.

Issuance is by top AAA-Rated Banks In Europe / USA. With over 20 years of experience working in the Financial Instruments Department Of World Top 25 Banks.
Primary Focus on Bank Guarantee (BG), Standby Letter Of Credit (SBLC), MTN (Mid Term Note), LTN (Long Term Note), PPP (Private Placement Programs).
We also have access to BG/SBLC monetization.

We are also providers of Fresh Cut BG, SBLC and MTN which are specifically for lease and purchase, Our bank instrument can be engaged in PPP Trading, Discounting Signature Projects like Construction, Oil and gas, Telecommunication etc.
My team Consists of Seasoned Bankers, Dealmakers, Commodities Traders And Solicitors.

If you are in the market for SBLC or BG, please take note of the following: SBLC For Sale Price: 45%+2% (1% sell-side closed, 1% buy-side open) Maximum Contract Face Value: Ten(10) Billion Euros with contract rollovers and extensions Minimum per tranche: one (1) Hundred Million Euros. SBLC for Lease Price :5%+2% (1% Lessee-side closed, 1% buy-side open).

EmailReginald.vhenry@gmail.com
Phone: +61390164251



SBLC/BG Available For Lease And Purchase

I am a direct mandate to a renowned and genuine provider of BG / SBLC for Lease and Sale.

Issuance is by top AAA-Rated Banks In Europe / USA. With over 20 years experience working in the Financial Instruments Department Of World Top 25 Banks.

Primary Focus on Bank Guarantee (BG), Standby Letter Of Credit (SBLC), MTN (Mid Term Note), LTN (Long Term Note), PPP (Private Placement Programs).


We also have access to BG/SBLC monetization.

We are also providers of Fresh Cut BG, SBLC and MTN which are specifically for lease and purchase, Our bank instrument can be engaged in PPP Trading, Discounting Signature Projects like Construction, Oil and gas, Telecommunication etc.

My team Consists of Seasoned Bankers, Deal makers, Commodities Traders And Solicitors.

Contact: Mr Reginald Viney

Email: Reginald.vhenry@gmail.com

Phone: +61390164251

Reginald Viney

Website: bgsblcmandatecom.wordpress.com
https://bgsblcmandatecom.wordpress.com

The Truth About SBLC / BG Upfront Fees ( Myths and Legends Busted!)

Sometimes I can’t help but shake my head when I hear comments like “I don’t want to pay any fees upfront” or “ I hope there are no upfront fees?”. One can only wonder what part of someone’s imagination could phantom securing a Banks Guarantee for Millions of Dollars for Free, with no upfront payment!

If you were ever to hear this, you will do some good to yourself fleeing from such falsehood, free bank guarantees do not exist, that is just one fairy tale that will never become a reality. No bank and I mean NO BANK! will take the risk on such a transaction without a charge, Banks aren’t a charity and I’m sure you should know this by now. Truth is, if the bank is not paid then no Bank Guarantee can be authorised or sent, and quite frankly you can rest assured that no Bank Guarantee Issuer is going to pay the bank fees for you. First, they are taking a huge risk issuing you a Bank Guarantee and then you expect they pay the bank fees as well? Quite frankly if that was the case they might as well transmit the BG to the Funder themselves and hold on to the entire profit themselves. Why should they split the profit with a client that hasn’t assumed any risk whatsoever?

No upfront fees is a bad joke that instantly puts off serious SBLC / BG providers and regrettably, it’s a fairy tale that so many people tend to believe thereby leading to hundreds of hours wasted trying to find a treasure that most definitely does not exist and has never existed in this industry.

I’d be willing to stick my reputation just for anyone to prove to me that they have secured an SBLC/BG worth millions of dollars and paid no fees at all.

Now let’s face another truth, way too many people have lost money by paying upfront fees and in the end not being able to secure the Bank Guarantees they require and quite frankly this has further helped fuel the myth of no upfront fees. The pain of loss has helped create a fantasy that there just might be a possibility they could achieve their BG/SBLC quest without taking any further risk. Truth is nurturing this mindset would only lead such a person to further disappointment. Free Bank guarantees will always remain in that part of the local library labelled “Fantasy and Adventure”, it will never become a reality as these banking instruments belong to the economic world where the number one fundamental economic rule is making a profit! There aren’t any free meals here sadly.

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Help, Support, Advice and Guidance For SBLC / BG

You might now ask, what’s the point to this short article, well it’s simple, in order to help serious SBLC/BG seekers avoid further pain I have felt the need to make this clear, anyone who’s guaranteeing you a service with no upfront fee is just rocking your boat and you are about to get tossed in the sea with no life jacket.

So how do you avoid all of these risks and get what you truly want? Simple, do your research properly, be patient and find a reputable financial expert who can help you secure a Bank Guarantee / SBLC from a reputable provider. As pointed out in my previous articles, there’s not a lot of providers around and most likely you won’t be approached directly by one, you would almost inevitably have to go through someone to get to them and expect to pay a fee for the services being provided, after all you are about to get backed by a bank for a project that is entirely your dream, to the tune of millions of dollars for less than a fraction of the cost you couldn’t afford right from the start. 

In summary, BG/SBLC with no upfront fees don’t exist and will never exist. You must do your due diligence to find a reputable provider and most of all you must be able to pass the criteria required to be able to secure an SBLC/BG as the provider would be doing his/her due diligence to make sure you aren’t a risk as well. 

If you are in the market for a SBLC or BG then get in contact with Reginald Henry Viney , Email: reginald.vhenry@gmail.com

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