Leased Standby Letter of Credit

With our three levels of protection, you don’t have to worry about your security:

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 respond to or pay, and/or when the beneficiary’s bank is ready, willing, and able to provide the BANK INSTRUMENTS and no BANK INSTRUMENTS are delivered by the provider bank via SWIFT MT-760, DTC, Euroclear or Bloomberg.

2. A deposit refund program (all our agreements are bank-approved (certifiable) with full bank responsibility as an insurance package)

◦ With our agreement with banks, that bank becomes responsible for the payment when the transaction is completed.
◦ When a bank confirms an agreement, the bank becomes responsible before the customer pays any fees to our company. We are the only banking instrument brokers in the world that guarantee 100% of your initial deposit through bank verification before the client authorizes any payment
Attorneys' Client Trust Account
◦ Once your agreement has been approved by the compliance department and confirmed by the bank, payment must ONLY AND EXCLUSIVELY be made into a solicitor’s office escrow account. These bank coordinates are provided directly by a PT.BAT INSTRUMEN BANK INTERNASIONAL Compliance Officer (CCO) and included in your invoice

This refund program protects our customers and ensures that deposits are completely safe.

4. Benefits of buying a leased bank credential from us

1. Our program operates with the Top 100 World Banks to secure your Standby Letter of Credit
2. We offer monetization for our own bank instrument in case clients need this service.
3. SBLC is available in EUR and USD.
4. We offer Low Leasing Rates of 8+2 (10% Total)  for rated banks or 5+2 (7% Total) for Non-Rated banks.
5. After receiving the MT760, you have 5 days to complete your payment.
6. Pre-advice for the MT799 is included along with the SBLC.
7. 100 per cent protected Deposit.
8. No Corporate or Personal Credit Checks
9. No Documentation for your Project is Required
10. Agreement signed and returned within 72 hours of completion.
11. MT760 offers SWIFT delivery to your Bank.
12. We offer Bloomberg, Euroclear, or DTC delivery to your Bank.
13. Brokers receive up to 1.5% Commission.
14. SBLC is specific to each client’s needs.
15. Non-performance penalty of 2 per cent included in all contracts.
16. Deposit is 100 % protected, and the Provider Bank endorses the client payout

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

• One Banking day, the Provider Bank endorsed this agreement, guaranteeing the Beneficiaries' payment for the:

• Swift Transmission (MT799 and MT760)

• Portfolio Reservation Cost (MT760)

• Beneficiary Verification

• Bank Delivery Coordinates Compliance Assessment

• 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.

• 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

• Within ten (10) banking days, 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.)

• Once the receipt is acknowledged, the Beneficiary immediately pays for the leasing fees. (screen block and pay).

• The Bank Instrument has to be returned no more than 15 days before the contract has been signed for a year.

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

2. 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

3. 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 (BPU securing the leasing fee needs to be confirmed before the MT799).

4. 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.

5. 5Within ten (10) banking days Provider sends 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 (3) banking days thereafter Receiver’s Bank sends an MT799 to Provider’s bank “Yes, Confirmed, we are ready to receive SWIFT MT760 with Bank Instrument, verify and pay by SWIFT MT103 in five (5) calendar days according to Transaction Code No. _______________?” (Beneficiary shall provide a copy of said MT799 to the Provider by email).

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, 10% (minus the initial deposit paid to the provider), which includes a 2% consultant fee.

9. If the beneficiary does not honor 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 by the beneficiary will not be refunded.

10. The provider’s bank has one week from the receipt of the payment of the SBLC to send a hard 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.

12. Important: In our contracts, the purchaser must return the Leased Standby Letter of Credit (SBLC) to the Issuing institution 15 days prior to the year anniversary of the contract.