Bank Instruments

SBLC - Stand by Letter of Credit and BG - Bank Guarantee

Stand By Letter of Credit or Bank Guarantee Monetization

For SBLC, BG products we request to receive the following information in order to review and approve the preference of the client :

  • KYC on the company placing funds in escrow 
  • Verbiage of the Pre Advice via either bank to bank email or Swift
  • KYC on beneficiary party at Receiving bank
  • Receiving bank details
  • Purpose of the underlying transaction and project summary

For SBLC, BG products we request to receive the following information in order to review and approve the preference of the client :

  • Pre advice sent bank to bank email
  • Pre advice via Swift bank to bank
  • Actual delivery of the SBLC, BG or DLC via Swift bank to bank

We would like to mention that issuing SBLC’s or BG’s for support on project funding via so called monetization is in a lot of cases challenging as Clients appear not to do their Due Diligence properly and hence lose their escrow deposit. A lot of so called monetizers do not perform. This is due to the fact that they don’t have the right credit facilities in place with their (receiving) bank or simply intend to use the Swift for other transactions not related to the Clients transaction. It is therefore advisable that you check your monetizer carefully.

SBLC Procedures

  • 2% in escrow (For amounts $10M and up).
  • Issuing bank send MT799 pre-advise.
  • 1% gets released.
  • Receiving bank accepts and sends RWA.
  • Issuing bank send MT760.
  • 1% gets released.
  • 5 days later the remaining 8% gets paid.

Call:+1-864572214 or +230-5-4511372
From outside the U.S. WhatsApp:+230-5-4511372
No Upfront Fees
CIS/KYC and Proof of Funds Required
Any Funds You Submit are Sent to ISSUING BANK, not AAJP GLOBAL SERVICES LLC.
ALL PROCEEDS ARE SENT TO YOUR BENEFICIARY ACCOUNT
No Asian Banks and Only Bank I Europe and United States of America
AAJP GLOBAL SERVICES LLC, a U.S. registered corporation monetizes SBLCs for Project Funding, and those Project Managers who seek Project Funding. 

By far, the single most reason why a Stand By Letter of Credit – SBLCs does NOT issue, is that the Signatory/Client fails to demonstrate a worthy project by submitting one or more of the following:

  • Business Plan
  • Feasibility Study
  • Executive Summary
  • Short Word Doc
  • Detailed Project Outline

To submit any of the above with your POF, send as many details as possible to:  info@aajpglobal.com