(BVI) Ltd.
Bank Asset Monetization

 

In order to monetize a Bank Instrument you must be in possession of the instrument and it must be paid for prior to monetizing (Prior to requesting monetization).

The Astute Partners Corporation has developed relationships with some of the Top banks in the world to Monetize Bank Instruments for clients worldwide by arranging the monetization against owned bank instruments such as BG’s (Bank Guarantees), LOC’s (Letter of Credit), SBLC’s (Standby Letter of Credit), CD’s (Certificate of Deposit), DPLC’s (Direct Pay Letter of Credit) and other banking and financial instruments.

This form of financing can be used in combination with our cash backed stand by letter of credit (SBLC) or Bank Guarantee (BG) Program in order to monetize the newly created document to obtain the right funds for project financing

Monetizing bank instruments is the process of liquidating such instruments by converting them into legal tender. We can monetize or lend on just about any bank instrument to be used for project funding, move them into various trading platforms quickly and easily, as well as creatively incorporating them into financing certain development projects. We can monetize CD’s, SBLC’s, DPLC’s, BG’s and MTN’s. This can be accomplished in 5-15 business days.

Monetizing a sblc or stand by letter of credit is becoming rather common and can be done in as little as 14 days. Many people refer to this as sblc funding or sblc financing since you are essentially obtaining cash on the basis of the sblc or bank guarantee.

This process allows you to:

* Monetize instruments for cash

* Monetize instruments for buy/sell platform entry

* Monetize instruments for both cash and buy/sell platform entry

 Bank Instrument Monetizing Program Highlights:

* $20 Million to $10 Billion USD

* The letter must be from an A or AA rated bank.

* Must contain the following 5 phrases: ”Irrevocable”, “divisible”, “transferable”, “assignable” and “unrestricted”.

* 1-3 year term

* Interest only loan

* 300-450 basis pts over prime rate

* Bank fees apply

* 5-15 day closing

* 75-85% of face value advance

Required Documentation

The most important element part of the documentary package is the documentation that acts as security and proof that the exporter is the beneficiary to a debt that is collectable on a specified date.It is integral that trade firms and exports strive to only accept secure negotiable instruments, which are unconditional, irrevocable and freely transferable, as evidence of the debt. Instrument such as these are sold without recourse, which gives the exporter the beneficial option of selling them and effectively removing themselves from any further involvement with the financial aspects of the transaction, eliminating risk and burdens of administration and collection. Thus in order to assist in the monetization of your Bank Instrument we require:

·  CIS

·  Board Resolution Copy

·  Initial Letter of Interest & Exclusive Request of Service

·  Letter of Cease & Desist Confirmation

·  Asset/Funds Ownership Declaration

·  Non Solicitation Letter

·  Authorization To Verify & Authenticate

·  Funds Attestation

·  Affidavit of Funds History

·  Letter of Exclusivity

·  Request For Information & Assistance

·  Letter Of Confirmation

·  Both Side of Passport Copy(Colour Copy)

·  Pan Card Copy

·  SWIFT MT 760/799/999/700/543/542 Confirmation Letter.

·  BCL Confirming Bank Instrument Issuing Terms

·  Bank Instrument  Colour Copy[both side]

·  BCL Confirming Authenticity Of The Bank Instrument

·  Geological Report[if asset backed]

·  Income Tax Paper

·  Valuation Report[if asset backed]

·  Legal Report[if asset backed]

·  Full Authorisation & NOC For Executing The Deal.

 Please submit the required documents to Compliance@astutepartners.com