2. The customer will send copies of the original SBLC and also ATVs to check on the bank`s basis. The owner of the SBLC must be prepared to reallocate the banking instrument to the monetization group supported by MT760. LTV for non-recourse monetization can represent 70% of its face value (subject to confirmation, verification and if it comes from a high AAA valuation bank). 3. If the customer wants to put the monetarized amount in the trade, the trader could offer 70% [minus the agreed commission] and put the monetized amount on the trade. A separate trade agreement, sent by the trader, will spell out what they could earn from such a trade. SBLC for $100 million or more from one of the best banks like HSBC UK, Deutsche Bank Germany, RBS London or Barclays UK are all acceptable for monetisation. A list of the best banks is available on request. We never ask our clients to pay monetization fees and we are only compensated when a project is completed. This is the agreement we have contractually with our customers and the Hanson Group.
5. The customer then sends the SBLC to the Benefit of Monetizer and Swift MT 760 to the Monetizer`s bank account. The issuing bank will also forward the printed copy of the bank project to the bank of monetization by bank mail. Important: we must have the opportunity to acquire the letter of credit leased standing (SBLC) in its entirety, or the customer can retain his property and take out a non-recourse loan. Most customers want to go the way of non-recourse loan payment. 6. After positive verification of the SBLC, Monetarisator Bank follows the instructions of the Monetarisator, as explained in the DOA, and may transfer the agreed amount to the customer`s bank account indicated by Swift MT 103. 1. If it is a leased banking instrument, the LTV can only be 60-70% [minus the agreed commission] and payments of the monetized amount can be made as follows. For the Hanson Group Loan Calculator – LTV Click here! 3. If the SBLC is not yet exposed, the customer`s SBLC issue bank will send a free MT199 message to the designated Bank of the Monetarisator according to the desired letter.
We need a free MT199 message sent directly from the issuing bank to our designated bank, confirming that it is RWA to spend MT760 in the next 2 to 3 days. We will then be able to issue a contract and offer an agreed percentage of the bank instrument issued. 10% of LTV agreed within the first 10 days after positive review of MT760, [Note: LTV changes with bank release – face value of the instrument] LTV monetarization for a non-recourse loan (this loan has a lower LTV, but you don`t have to repay): We can directly purchase your own standby letter of credit (SBLC) or allow the customer to retain full ownership of that loan and create a monetized non-recourse payment against the Owned Standby Standby Letter of Credit (SBL). Most customers prefer to keep the property and take the non-recourse payment. 4. Monetarisator Bank will then respond with MT 199 that it accepts the SBLC or bank guarantee and follows the instructions of the Monetarisator, as explained in the DOA after a positive check of the banking instrument.