Purchase Owned Standby Letter

Our Standby Letter of Credit (SBLC) is issued by World Top 10 Banks, and we use the Bank SWIFT Network, Bloomberg, Euroclear, or DTC for delivery of these banking instruments. We achieve this using SWIFT MT799 and SWIFT MT760 or Screen Block and Pay via Bloomberg, Euroclear, or DTC.
We Protect Our Client Deposits Fully Through 3 Levels of Protection never have to worry about your security with our three levels of protection:

1. A Two Percent (2%) Non-Performance Penalty

• A two per cent (2%) damage fee will be charged to a party who fails to perform. The 2% applies in both cases, either when the Provider has sent a corporate invoice which the beneficiary’s bank does not answer or pay/or when the beneficiary’s bank is willing and able to receive the BANK INSTRUMENTS and no BANK INSTRUMENTS will be received or delivered by the Provider's Bank via SWIFT MT-760, DTC, Euroclear, or Bloomberg. A Program to Refund Deposits(all our agreements are Bank Endorsed (confirmable) with full bank responsibility as an insurance wrap)

• With our agreement with banks, that bank becomes responsible for payment when the transaction becomes complete.
• When a bank endorses an agreement, the bank becomes responsible before the client pays our company any fees. We are the only Bank Instrument Facilitators in the WORLD that guarantee 100% of your initial deposit through bank endorsement before the client releases any payment.

2. Attorneys' Client Trust Account
• Once your agreement is approved by the compliance department and the bank is endorsed, the payment is to be made ONLY AND EXCLUSIVELY to our account. These banking coordinates will be provided directly from PT.BAT INSTRUMEN BANK INTERNASIONAL's compliance officer (CCO), and they will be included in your Invoice. This Demand Deposit Program protects our clients and ensures that the deposits are completely safe.

3. Advantages of Purchasing a Standby Letter of Credit (SBLC) from Us!

• Our program operates with the Top 10 World Banks to secure your Standby Letter of Credit
• We offer monetization for our own bank instrument in case clients need this service.
• SBLC is available in EUR and USD.
• Price: Only fifty percent 50% (48+2%) for rated banks, and thirty-five percent 35% (33+2%) for non-rated banks.
• Minimum Face Value for Selling a purchased own Standby Letter of Credit (SBLC) is 50 Million.
• After receiving the MT760, you have 5 days to complete your payment.
• Pre-advice for the MT799 is included along with the SBLC.
• No Corporate or Personal Credit Checks
• No Documentation for your Project is Required
• Agreement signed and returned within 72 hours of completion.
• MT760 offers SWIFT delivery to your Bank.
• We offer Bloomberg, Euroclear or DTC delivery to your Bank.
• Brokers receive up to 1.5% Commission.
• SBLC is specific to each client’s needs.
• Non-performance penalty of 2 per cent included in all contracts.
• Deposit is 100 % protected, and the Provider Bank endorses client payout.

The Beneficiary and provider sign the contract, initiating the memorandum of understanding and the letter of intent. This enters them into a contractual agreement.

1. During an upcoming day of business, the providing bank will endorse the agreement, granting the beneficiary payment for:

* Swift delivery of the MT799 and MT760
* MT760 Cost of Portfolio Reservation
* Verifying the Beneficiary
*Compliance Assessment Coordinated by the Bank

2. The beneficiary, within two (2) international banking days, instructs his Bank to send a swift transmission/portfolio reservation cost of €XXX, XXX  by wire transfer to the Provider’s banking coordinates, and emails a copy of the wire transfer receipt to the Provider.

3. Within three (3) banking days after the Provider's Bank has received the above bank swift transmission/portfolio reservation cost, the Provider will instruct his issuing bank to cut the Bank Instruments for the Beneficiary and schedule its delivery to the Beneficiary's Bank (BPU securing the cost needs to be confirmed before the MT799).

4. The beneficiary, within three (3) banking days, will provide a confirmable Bank Comfort Letter (BCL) with a Bank Payment Undertaking (BPU) on behalf of the Beneficiary and in favour of Transaction Code No. _______________ (Beneficiary shall provide a copy of said BCL to the Provider by email).

5. Within ten (10) banking days Provider will confirm the Bank Comfort Letter (BCL) and send MT-799 Pre-Advice to the Receiver’s bank asking “Are you ready to receive SWIFT MT760 with Bank Instrument, verify and pay by SWIFT MT103 in five (5) calendar days according to Transaction Code No. _______________?” (Provider shall provide a copy of said MT799 to the Beneficiary by email).

6. Within three days, the provider’s institution will send the SBLC through the SWIFT MT760.

7. When the receiving bank has received the SBLC, they will confirm this with the other bank and will pay within 5 days 50% (minus the initial deposit paid to the provider), which includes a 2% consultant fee.

8. If the beneficiary does not pay the payments, then the Provider 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.

9. The provider’s bank has one week from 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.

10. Any additional tranches will abide by the same procedures and will continue until the funds have been depleted.

Provider and Beneficiary execute, sign, and initiate this Letter of Intent / Memorandum of Understanding, which thereby automatically becomes a full commercial recourse contract agreement.

1. One Banking day the Provider Bank Endorsed this agreement guarantee the Beneficiaries payment for the

2. Swift Transmission (MT799 and MT760)

3. Portfolio Reservation Cost (MT760)

4. Beneficiary Verification

5. Bank Delivery Coordinates Compliance Assessment

6. Beneficiary, within two (2) international banking days, instructs his Bank to send swift transmission/portfolio reservation cost of $XXX,XXX (_________________________) by wire transfer to the Providers provided receiving bank coordinates, and emails a copy of the wire transfer receipt to the Provider.

7. Within three (3) banking days after the Provider's Bank has received the above bank swift transmission/portfolio reservation cost, the Provider will instruct his issuing bank to cut the Bank Instruments for the Beneficiary and schedule its delivery via Euroclear/Bloomberg Screen to the Beneficiary's Bank

8. The beneficiary, within three (3) banking days, will provide a confirmable Bank Comfort Letter (BCL) with a Bank Payment Undertaking (BPU) on behalf of the Beneficiary and in favour of the Transaction Code No. _______________ (Beneficiary shall provide a copy of said BCL to the Provider by email).

9. Within ten (10) banking days, Provider will confirm the Bank Comfort Letter (BCL), and once confirmed, the Provider’s institution must email a certified receipt of the Bank Instrument delivery through Euroclear/Bloomberg. (Provider shall provide a copy of said Euroclear/Bloomberg Screen to the Beneficiary by email).

10. Once the receipt is acknowledged, the Beneficiary immediately pays 50% of Face Value purchasing fees (minus the initial deposit paid to the provider). (screen block and pay).

Required Documents:

1. Complete the SBLC Application Below

2. When you’ve finished the Purchase Owned SBLC Application and email it to: support@batbank.co.id
Compliance Standard:

1. Accepted Standard: Clients must abide by our standards and accurately fill out the application online.
2. Rejected Standard:

◦ Any provider offering an SBLC that is listed on the Forbidden Assets and Financial Instrument List.
◦ Any situation where a client cannot or will not pay the deposit.

Important Information:

1. Please note that the days are banking days and no weekends or holidays are counted.

2. Banking Days & Holidays Calculator

3. With our SBLC delivery services, everything is non-negotiable. We will not alter the price or procedures of this service.

4. We don’t issue RWA or BCL letters. This tactic’s normally used by clients to shop around for a credit line with the receiving institution with a banking letter confirming there is a bank instrument ready to be issued on their name. We will never allow this to happen under our company name.

5. There is no way to have a FREE Standby Letter of Credit (SBLC) or to allow a client to pay for a Standby Letter of Credit (SBLC) after the MT760 has arrived. If this is not paid in full, or paid for under a Bank Payment Undertaking, then no Standby Letter of Credit (SBLC) will ever be delivered. Banks will not deliver any Standby Letter of Credit (SBLC) until the funds are secure. Banks simply do not work for free or in the hope that after they deliver a Standby Letter of Credit (SBLC) , the client may pay them.

6. BAT INSTRUMEN BANK INTERNATIONALs of Companies do NOT receive any payment from their clients outside the attorney’s client trust account. Therefore, we are NOT RESPONSIBLE  for any payment made to any third party, including PT.BAT INSTRUMEN BANK INTERNASIONAL brokers or delegation office.

7. If the client is leasing via Euroclear and requesting a loan via monetization with the Attorney’s Trustees office of PT.BAT INSTRUMEN BANK INTERNASIONAL, at the same time, please make a note of the following information:

◦ Initial application once submitted, takes 72 hours for compliance approval
◦ You will be given an application for the bank instrument and the recourse or non-recourse loan, once it is submitted, 72 hours for due diligence
◦ After due diligence and application approval, the client will receive a bank-endorsed countersigned agreement, and the client has 3 days to submit payment
◦ It takes 35 days to process the leasing of the bank instrument after receiving payment
◦ It takes 30 days for the monetization process of the bank instrument
◦ A total of 65 working days after payment is received.