As you can see day by day lots of uneducated ignorant brokers advertise that they have Seller/Buyer and lease of BG/SBLC/LC and any leased bank proof of funds which are all scam and fake!
• Because bank instruments like BG/SBLC cannot be sold, cannot be bought and cannot be leased! In order to understand why, at first you all should learn what: • Bank Instruments • BG • SBLC • LC • DLC Standby Letter of Credit (SBLC): A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In any case if the buyer is not able to make the payment on the purchase, the bank will be required to cover the full or remaining amount with the help of leased bank proof of funds. Bank instruments are not equal to securities! Furthermore they cannot be issued into blind world!!! No billions and any childish amount! BG and SBLC are bank tools, bank instruments and are issued for specific purpose. SBLC is feasible and appropriate as opposed to some other form of credit assurance, what terms and problems should be requested and avoided, how to spot leased bank proof of funds issues and problems and deal with them, when to ask for a confirmation or advice, how to prepare for and properly draw on a letter of credit, how to use certificates to protect the applicant, and what to avoid in letter of credit practice. The benefits of this topic include what to look for in SBLCs, what the alternatives are, who to go to for help and issues to address in drafting and drawing on a letter of credit; and if you are a banker that handles letters of credit, the common problem areas and exposures, and how to avoid or minimize them. The materials provided with the content alone should provide a guide for issue spotting and resources for where to look for further help. For example: • behind a project finance as collateral • behind trade deals of goods like sugar, oil, gas...etc. as collateral All bank instruments do have only issuing fee and not any nonsense "buying and leasing discount price". Why would a bank issue any BG or SBLC at any discount price? • No reason and discounting price of a bank instrument. • BG and SBLC are just a tool! They are bank tools for ensuring client.
8 Comments
Leonard Bete
5/2/2020 02:27:33 am
What is the Maximum limit of your SBLC's
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