• 10M to 500M Owned Bank Guarantee – 65% recourse loan with an unrated bank instrument or 80% recourse loan with a rated bank instrument – This loan has an interest rate between 2% and 7.5% per annum and can span up to ten years.
How Long Does it Take? Up to two weeks after the paperwork is completed or a week after the instrument is SWIFT, DTCC, or Euroclear. Disbursement of Loan:
1. The loan is disbursed in 12 months.
2. Once the MT-760 is authenticated, three weeks later, 20 percent of the loan will be disbursed.
3. A month after the original disbursement, 20 percent more will be given.
4. Finally, the last 60 percent of the loan will be divided over the ten months and will occur monthly.
SWIFT Closing Process
1. Once the paperwork is completed, the client sends SWIFT MT799 to the bank to set up the release.
2. The Monetizer’s bank, after receiving the SWIFT MT799 from the client’s bank, will reply with a SWIFT MT799 RWA to be received.
3. Once the client’s bank receives the RWA to receive the bank instrument, the client sends SWIFT MT760 to the monetizer’s bank.
4. Once these SWIFT MT760s are received and authenticated, the monetizers must respond within a week to grant the non-recourse loan.
5. At the end of a year, the Monetizer has to return the BG within 15 days of the anniversary of the contract.
• Euroclear & Bloomberg Closing Process:
1. Once the contract is signed, the client will talk to their institution and instruct them to use the Euroclear Delivery to coordinate the delivery of the BG.
2. The client’s institution must email a certified receipt of the BG delivery through Euroclear.
3. Once the receipt is acknowledged, the Monetizer has a week to grant the LTV Non-Recourse Loan.
4. The BG has to be returned no more than 15 days before the contract has been signed for a year.
• Required Documents:
1. Fill out the Bank Instrument Monetization Application (Download Below)
2. Complete the Bank Instrument Monetization Application and email it to office@batbank.co.id
• Compliance Standard:
Accepted Standard: MUST be delivered by Euroclear, Bloomberg, DTCC, or SWIFT
Rejected Standard: Bank Instruments from the Forbidden Assets and Financial Instrument Providers List.
Important Information:
1. Please note that the days are banking days and no weekends or holidays are counted.
▪ Banking Days & Holidays Calculator
2. With our bank instruments monetization services, everything is non-negotiable. We will not alter the procedures of this service.
3. We don’t issue an RWA or BCL letter. This tactic is normally used by clients to shop around for a bank Instrument with a provider institution with a banking letter confirming there is a credit line ready to incentivize the provider on sending a bank instrument on their behalf. We will never allow this to happen under our company name.
• Recourse Loan Disbursements Example (100 Million Euros):
Bank instrument face value: €100,000,000.00
Recourse Loan disbursement (80%): €80,000,000.00
Loan commission fees (5%): €4,000,000.00
Total Loan Disbursement: €76,000,000.00
• Example of Recourse Loan Disbursement Schedule:
Non-Recourse Loan Disbursements Example (100 Million Euros):
Bank instrument face value: €100,000,000.00
Recourse Loan disbursement (65%): €65,000,000.00
Total Loan Disbursement: €61,750,000.00
