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    How to Lease Banking Instruments such as Bank Guarantees (BG) and Standby Letter of Credit (SBLC):

    Are you searching for a genuine and reliable Provider to Lease or Purchase a Bank Guarantee (BG) or Standby Letter of Credit (SBLC)? Well search no more, as you have definitely come to the right place! IFI works with several real Providers and speaks directly with the ‘Cutting House’ which allows us to offer you a range of different options to suit your needs. Since leasing or purchasing BG/SBLC’s is a complicated process, you need to follow our set banking procedures ‘unconditionally’ to attain success, provided you are financially capable to transact and possess the correct business credentials to meet our Provider’s criteria.

    Estimated Completion Time:
     The SWIFT MT760 is normally Delivered 2 to 5 Days after the Issuing and Receiving Bank exchange secure bank email and SWIFT MT-199 or 799’s or ultimately, the total timeframe all depends on which leasing option you choose to follow.

    BG/SBLC LEASE AND PURCHASE PROCEDURES

    Due to an alarming increase in fake SBLC Providers demanding upfront security deposits to be placed into IOLTA or Escrow/Trust accounts, here at IFI, we DO NOT require any upfront transmission fees or security deposit, and we highly recommend that our clients not to engage with any company or individual that requires any upfront payments.

    In order for a successful transaction, please follow and adhere to the following procedures; as the issuer does not entertain any other third-party procedures:

    Client provides complete CIS/KYC for due diligence and compliance

    After a successful due diligence and compliance, provider issues DOA

    Once DOA is counter signed by both parties (Client first); both parties will lodge the CONTRACT with their respective banks;

    After lodging the contract with respective banks, client bank sends secure bank email to issuing bank for Acknowledging the Contract, Readiness, Approval of MT-760 Verbiage.

    Issuing bank sends the Pre-Advice via SWIFT MT-199 or SWIFT MT-799 to client’s designated bank.

    Designated receiving bank replies with “BANK PAYMENT UNDERTAKING” via SWIFT MT199 or SWIFT MT799 to issuing bank.

    Issuing bank delivers “STANDBY LETTER OF CREDIT/BANK GUARANTEE” VIA SWIFT MT-760 to client’s designated bank.

    Upon validation and authentication of the delivered “STANDBY LETTER OF CREDIT/BANK GUARANTEE” MT760, within FIVE (5) banking day, client settles payment per contract invoice to issuer’s designated account.

    Quality Industrial Working

    When an unknown printer took a galley of type and scrambled it to make a type specimen bookhas a not only five centuries, but also the leap into electronic typesetting, remaining essentially unchan galley of type and scrambled it to make a type specimen book.

    When an unknown printer took a galley of type and scrambled it to make a type specimen bookhas a not only five centuries, but also the leap into electronic typesetting, remaining essentially unchan galley of type and scrambled it to make a type specimen book.