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Bg.sblc procedure & guide
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Hi, my name is Md. Alamgir Hossain Sunny as an independent financial instrument consultant and
working on behalf of mandate. We are genuine providers of Lease bank guarantee (BG) Standby
Letter of Credit (SBLC) at 4+2% annual leasing fee. These Leased Instruments can be obtained at
minimal expense to the borrower compared to other banking options. This offer is open to both
individuals, SME's and corporate bodies. We also provide loans and international project funding;
our loan interest rate is only 3+0.5% per year.
OUR SERVICES ARE:
Loans: (Non Recourse Loans, Business Loans, Secured Loans, Unsecured Loans, International
Project Financing)
Lease Bank Instruments (BG, SBLC)
Investments and Wealth Management
Insurance Underwriting Services
PPP and Trading Platforms
Corporate Finance
Hello thank you so much for your interest in our Financial Services. Before anything, I want to start
this email with good wishes, it doesn't matter whether you do business with us or not, but my prayer
is that May this year be a triumphant entry into your gate of success, good health, long life and all the
best things you ever wish for yourself. I pray that it will usher you into your world of happiness,
success and laughter.
TO AVOID WASTE OF YOUR TIME AND OURS, PLEASE NOTE THAT WE WORK ONLY
ACCORDING TO OUR TERMS AND PROCEDURES AND NOT ACCORDING TO CLIENTS
TERMS OR PROCEDURES.
Description of Instruments:
1. Instrument: Fully Cash Backed Bank Guarantee {BG} / StandBy Letter of Credit {SBLC}
2. Total Face Value: Eur/USD 1Million (Min) to Eur/USD 50 Billion (Max)
3. Issuing Bank: HSBC London/Hong Kong, Barclays Bank London, Citibank New York, Deutsch
Bank Germany or any AAA Rated Bank.
4. Age: One Year and One Day (with rolls and extensions where applicable)
5. Leasing Price: 4% of Face Value plus 2% brokers commission
6. Delivery: SWIFT MT-760
7. Payment: MT103 Swift Wire Transfer
8. Hard Copy: Bank Bonded Courier within 7 banking days.
PROCEDURE:
1. Both parties (Lessor and Lessee) execute, sign and initiate the Deed of Agreement, which thereby
automatically becomes a full commercial recourse contract.
2. Within 1 day after Both parties sign the Agreement, Lessor will issue a Notarized signed and sealed
Corporate Refund Recourse Undertaking to the Lessee guarantying to refund Lessee all the cost
incurred by lessee for the bank transmission charges (For swift MT760 BG/SBLC or Pre-advice
MT799 or both as the case may be) after due execution of the contract.
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3. Within 3 working days after Lessee receives Lessor's signed and sealed Corporate Refund
Recourse Undertaking, Lessee will make payment by wire transfer into the Lessor's bank account for
the bank transmission charges for the BG/SBLC MT760 swift transmission or Pre-advice MT799
swift transmission or both.
4. Within Three (3) banking days after confirmation of receipt of payment of the bank transmission
charges for the BG/SBLC MT760 swift in Lessor's bank account, the Lessor will deliver the
BG/SBLC via bank confirmation of swift BG/SBLC MT760 to the Lessee's banker including the hard
copy of the BG/SBLC via bank bonded courier in Seven (7) banking days.
5. Lessee pays Lessor the leasing fee and the brokers their commission fees not later than 21 banking
days after the BG/SBLC hard copy is received and confirmed at lessee's bank. Should Lessee default
to pay the leasing fees to the Lessor and the brokers commission fees as agreed after 21 banking days
of confirmation of BG/SBLC MT760 in lessee's bank account, Lessor will instruct the issuing bank
to put a claim on the BG/SBLC thereby forcing the Lessee's bankers to return the BG/SBLC MT760
to the issuing Bank.
6. Any unauthorized calls or communication to bank (s) by any party or their representatives in this
transaction is highly prohibited and can result to contract termination.
7. The bank transmission fee depends on the face value of the BG. For example, the bank transmission
fee for any BG or SBLC below 50 Million USD is the sum of $75,000. HOWEVER, PLEASE WAIT:
So many customers say oh no your bank transmission fee is very high, another provider in another
country told me to pay only $20,000. After few weeks of following the cheap lies of these
fake providers, these same customers comes back to us crying that they stole their money
and didn't deliver the BG. Sometimes I do not blame the scammers; I blame the gullible and greedy
people that like cheap lies. Let me give you another example. I trade on gold and precious metals as
another line of my business. Presently gold is about $30,000 in the world market but many gold
buyers are greedy, they want cheap gold for under $20,000 per kilo this is why fake gold sellers from
Africa scam them easily. These fake sellers will bring down the cost of gold to attract gullible and
greedy buyers. All I am trying to say is this. It is better to follow a genuine company and pay the real
fee finally. Nor wasting time and money on cheap lies that will give you only pains and sadness. A
word is enough for the wise.
8. The transaction can be completed/concluded within 7 days. It all depends on how fast the customer
wants to move.
9. Bank Transmission Fee: DEPENDS ON THE INSTRUMENT FACE VALUE ON SHOWN ON
THE BELOW CHART.
BANK TRANSMISSION FEES FOR Both Swifts (PRE ADVICE FIRST):
1M - 49M/USD USD 75,000.00
50M - 99M/USD USD 100,000.00
100M - 199M/USD USD 150,000.00
200M - 499M/USD USD 250,000.00
500M - 999M/USD USD 450,000.00
1B - 4B/USD USD 1,000,000.00
4B - 10BUSD USD 1,000,000.00
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Lessee have to send the listed document to Lessor: (A) Proof of Fund (POF) with three-six-month
bank statement (POF for transmission fees), (B) Bank details with banking coordinate, (C) Scanned
Passport Copy, (D) Client Information Sheet (CIS).
Upon receive the listed document Lessor will send the DEED OF AGREEMENT (DOA) prompt to
Lessee. (Please don’t ask DOA before sending the document with POF to lessor).
Thanking in advance for being with us:
Sincerely
Md. Alamgir Hossain Sunny
Address: Plot: 7/5, Block: A, Rupatali Housing, Barisal-8207, Bangladesh.
Cell/WhatsApp: +8801715343739
E-mail: trade_sunny@live.com
I also invite you to join the Facebook public group:
https://www.facebook.com/groups/955317151305271/
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Guide & Explain:
Bank Guarantee
Collateral Transfer encompasses the term of ‘lease’ or ‘leasing’ as a descriptive term. Whilst it is not possible
to physically lease a Bank Guarantee (BG) or Standby Letter of Credit (SBLC), see WHY LEASING it is
possible to effectively import these bank instruments (BG’s and SBLCs) on a ‘rental’ basis.
A Bank Guarantee is a method to secure or guarantee a payment. They are commonly used a Credit Facility
Guarantees to secure or underpin credit lines, loans and other forms of credit advancement. Equally, SBLC’s
(or Standby Letters of Credit) are used for the same purpose, although a Bank Guarantee is better suited for
the job.
Bank Guarantees can be effectively ‘rented’ from a third party known as a ‘Provider’. Providers are often large
private equity companies, hedge funds and wealthy family offices. They enter into Collateral Transfer
Agreements with entities that wish to ‘borrow’ or ‘rent’ security in the form of a BG or SBLC. The Provider will
pledge his assets (cash, gold, liquid stocks and shares, etc.) with his bank and instruct the issue of a BG or
SBLC to the recipient in return for a Contract Fee (or ‘rental’ payment) generally on an annual basis. The
recipient will indemnify the Provider against loss and will therefore agree to extinguish any loans or credit
secured on the Guarantee prior to its expiry. As there is a ‘promise’ to remove any encumbrances or effectively
to ‘return the Guarantee at expiry’ it resembles the act of leasing, hence the term ‘leasing of Bank Guarantees’.
The Parties to these transactions are the Provider and the Recipient. Their respective banks and bankers
are not party to the Collateral Transfer Agreement as they will simply “accept instructions” from both parties.
The Issuing Bank will act for the Provider and take his instructions; the Recipient Bank will act for the Recipient
and further take his instructions. Banks do not directly enter into these facilities as the assets
underpinning the whole transaction belong to a third party outside the bank (i.e. the Provider). The Recipient
Bank may offer to extend credit to the Recipient against the security of the incoming Guarantee. However, the
Recipient Bank will have no other role than to receive the Guarantee and accept it as security for any credit
granted to the Recipient or Beneficiary of it.
There are several new private banks being formed specifically for collateral management and we may see in
the next few years, private banks offering these services by utilise their own balance sheets to make such
commitments. However currently, they are done off the bank balance sheet. This means that the Guarantee
being issued is not issued on the strength of the bank or the banks rating. All Guarantees issued under this
manner are for ‘value received’ and therefore the bank rating is not so important.
A Recipient Bank may judge the strength of the incoming Guarantee by the Issuing Banks performance on
honouring its payments as depicted by their own experiences with that certain bank. As Bank Guarantees
cannot be bought or sold or traded in any way, bank ratings are not affirmed to the instrument.
Recipients of Bank Guarantee or indeed SBLC’s have a specific purpose and requirement. The Guarantee is
therefore worded for such purpose, i.e. to secure a credit or loan or to secure (third party) performance or
contractual obligations.
WHY LEASING:
It is technically not possible to lease a bank guarantee (BG) or standby letter of credit (SBLC). If a
request was made to a banker to lease a demand guarantee, the response would be that of confusion. The
correct term to use is ‘Collateral Transfer’. This is a private agreement between a funder (Provider) and a
borrower (Recipient or Beneficiary) whereby the Provider agrees to pledge assets with his bank and to make
an ‘investment’ to the Recipient.
The investment is made by the Provider lodging funds with his bank but instead of remitting them as a cash
injection, they are remitted as a Bank Guarantee (demand guarantee see URDG ICC 758 or in some cases
dependent on jurisdiction, a Standby letter of credit (SBLC).
In return, the Recipient will agree to pay to the Provider a return known as the ‘Contract Fee’. This is normally
a fixed fee set annually and paid in advance when the Guarantee is advised to the Recipient Bank in the
correct protocol and agreed as received. Sometime, Providers may also take an equity stake.
During the life of the Guarantee and whilst it is in the account (in possession of) the Recipient, the Recipient
may use the Guarantee as security for loans and credit, or indeed secure other forms of debt against it.
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Irrespective, at the end of the term, i.e. at expiry of the Guarantee or SBLC, the Recipient will pre-agree with
the Provider to remove any encumbrances or loans or credit secured against the Guarantee. In this respect,
effectively agreeing to return the Guarantee to the Provider, although it will simply expire and no physical return
is required.
As there is an agreement to “provide” and the same agreement calls for its effective “return”, the process is
remarkably similar to normal leasing agreements. Hence, these facilities have picked up the phrase ‘Leasing
Bank Guarantees’
It should not be confused with the ‘sale’ or ‘purchase’ of Bank Guarantees as it is not possible to buy or sell
Bank Guarantees or Letters of Credit of any form. If you are offered a Bank Guarantee or SBLC for sale, we
would advise that you act with extreme caution
URDG ICC 758: In 1992, the International Chamber of Commerce (ICC) in Paris issued a new set of
regulations titled “ICC Uniform Rules for Demand Guarantees” (ICC Publication no. 458). These rules were
the product of a joint working group of representatives of the Commission on International Commercial Practice
and the Commission on Banking Technique and Practice. The rules cover all types of guarantees and other
payment undertakings under the terms of which the guarantor is obliged to make payment on presentation of
a written demand and any other documents specified in the guarantee. While still applicable at the time, the
previous “ICC Uniform Rules for Contract Guarantees” (ICC Publication no. 325) published in 1978 failed to
gain general acceptance owing to confusion about the scope of their application. The regulations issued in
1992 largely correspond to current international practice and also take appropriate account of the interests of
the various parties involved.
In July 2010 these rules were updated to ICC Publication no. 758. The main difference being that the underlying
contract (the reason and purpose of the Guarantee) should form part of the Guarantee. It is this URDG ICC
758 protocol that is now current. It superseded ICC 458 which is no longer used.
Demand guarantees may be subjected to the new rules by including a simple statement to this effect in the
guarantee agreement. To qualify as a demand guarantee, the guarantee document must not stipulate any
conditions for payment other than the presentation of a written demand and any other specified documents. In
particular, the guarantor must not be required to decide whether or not the beneficiary and principal have
fulfilled their contractual obligations. Restrictions on entry into force – such as the receipt of a down payment
– may nonetheless be imposed.
The rules are intended to balance the interests of the beneficiary with the principal’s wish for protection against
unjustified claims. The beneficiary wishes to protect itself against the risk that the principal will not fulfill its
contractual obligations.
The ‘Lease’ or ‘Leasing’ of Bank Guarantees are undertaken through Collateral Transfer facilities.
Collateral Transfer is the provision of assets from one party (the Provider) to the other party (the Beneficiary),
often in the form of a Bank Guarantee. Whereas the Provider agrees (through his issuing bank) to issue a
demand guarantee (the Bank Guarantee) to the Beneficiary in return for a ‘rental’ or ‘return’ known as the
‘Leasing/Contract Fee’. The parties agree to enter into a Collateral Transfer Agreement (CTA) which governs
the issuance of the Guarantee.
‘Leasing a Bank Guarantee’ is a common phrase associated with Collateral Transfer. Since it is not possible
to physically ‘lease’ a bank guarantee, we use the term loosely as its structure resembles that of a commercial
lease. However, these arrangements should be correctly referred to as ‘Collateral Transfer Facilities’ as
effectively no leasing takes place. A Bank Guarantee is issued specifically for the purpose to the Beneficiary
and each contract is bespoke.
A Collateral Transfer facility is the Provider using his own assets to raise a specific Bank Guarantee through
his issuing bank for the sole use of the specified Beneficiary, for the specified term. It is effectively a form of
Securities Lending and often a derivative of re-hypothecation. There is no reference to ‘leasing’ when receiving
a Bank Guarantee in this fashion.
The Guarantee is issued by the issuing bank of the Provider to the Beneficiary’s account at the Beneficiary
bank and is transmitted inter-bank via the appropriate SWIFT platform (MT760 in the case of Guarantees).
During the term of the Guarantee, the Beneficiary may utilise it for their own purposes which may include;
security for loans, credit lines or for trading purposes. At the end of the term, the Beneficiary agrees to
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extinguish any encumbrance against the Guarantee and allow it to lapse (or return it) prior to expiry and
indemnify the Provider against any loss incurred by default of loans secured upon it.
A Provider will often be a collateral management firm, a hedge fund or private equity company. Effectively, the
Guarantee is ‘leased’ to the Beneficiary as a form of investment since the Provider receives a return on his
commitment, hence the misnomer of the term ‘leasing’.
Over recent years, these facilities have become more popular since they enable the Beneficiary to have access
to substantial credit facilities by using the Guarantee as loan security. Since the Guarantee is effectively
imported to the account of the Beneficiary, the underwriting criteria is considerably less than that of
conventional lending.
Guarantees received in this way are in no way different from any other form of demand Guarantee. The fact
that there is an underlying agreement (the Collateral Transfer Agreement) has no bearing on the wording or
construction of the Guarantee. This allows the Beneficiary to use the Guarantee to raise credit, to guarantee
credit lines and loans or to enter trade positions or buy/sell contracts.
More competitive pricing by Collateral Providers have also made it available to a growing number of small,
medium sized enterprises seeking urgent capital for a wide range of reasons.
Why Lease?
It is technically not possible to lease a bank guarantee (BG) or standby letter of credit (SBLC). If a request was
made to a banker to lease a demand guarantee, the response would be that of confusion. The correct term to
use is ‘Collateral Transfer’. This is a private agreement between a funder (Provider) and a borrower (Recipient
or Beneficiary) whereby the Provider agrees to pledge assets with his bank and to make an ‘investment’ to the
Recipient.
The investment is made by the Provider lodging funds with his bank but instead of remitting them as a cash
injection, they are remitted as a Bank Guarantee (demand guarantee see URDG ICC 758 or in some cases
dependent on jurisdiction, a Standby letter of credit (SBLC).
In return, the Recipient will agree to pay to the Provider a return known as the ‘Contract Fee’. This is normally
a fixed fee set annually and paid in advance when the Guarantee is advised to the Recipient Bank in the
correct protocol and agreed as received. Sometime, Providers may also take an equity stake.
During the life of the Guarantee and whilst it is in the account (in possession of) the Recipient, the Recipient
may use the Guarantee as security for loans and credit, or indeed secure other forms of debt against it.
Irrespective, at the end of the term, i.e. at expiry of the Guarantee or SBLC, the Recipient will pre-agree with
the Provider to remove any encumbrances or loans or credit secured against the Guarantee. In this respect,
effectively agreeing to return the Guarantee to the Provider, although it will simply expire and no physical return
is required.
As there is an agreement to “provide” and the same agreement calls for its effective “return”, the process is
remarkably similar to normal leasing agreements. Hence, these facilities have picked up the phrase ‘Leasing
Bank Guarantees’
It should not be confused with the ‘sale’ or ‘purchase’ of Bank Guarantees as it is not possible to buy or sell
Bank Guarantees or Letters of Credit of any form. If you are offered a Bank Guarantee or SBLC for sale, we
would advise that you act with extreme caution
The Purpose:
Most companies wanting to import security in this way, i.e. to receive a Bank Guarantee or SBLC under
Collateral Transfer Agreements, want to either (a) raise money by credit or loan, or (b) enter into a trade
position. There are other reasons but the former two represent around 90%+ of all applications.
Companies choose to seek these facilities as they do not have the collateral of their own to secure borrowings.
Others may wish to leverage investment and trade positions. Companies can obtain up to 900% leverage over
12 months using these types of facilities.
Companies seeking short to medium term loans can also use such facilities to attract investment, credit and
loans.
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Monetization:
Bank Guarantees received under Collateral Transfer facilities may be used by the Beneficiaries to secure credit
lines at their bank. Typically, a banker will have no objection to offering credit against Bank Guarantees
received in this manner up to 100% of face value, less of course advance interest charges and bank fees.
However, typically lending rates (loan to value or LTV) will be around 60% to 95% of face value. The total
credit term can be for the duration of the Guarantee, i.e. 1 to 10 years, but of course will not exceed the term
(or expiry) of the Guarantee.
The Guarantees that are issued under these types of facilities are worded specifically to secure credit lines.
Guarantees are issued under ICC758 protocol and are readily accepted by all international and private banks.
Often they are called ‘Letters of Guarantee’ or ‘Credit Facilities Guarantees’.
It is of course common sense that you first need to be approved for receiving the Bank Guarantee prior to
applying for credit against it.
Thanks & Best Regards
Md. Alamgir Hossain Sunny
Financial instrument consultant
Don’t be a lonely man:
Once upon a time in a city far-far away a lonely man with no money decided it would be fun to start a rumor….
He had played the game of Chinese Whispers before and thought it would be a great joke if he told everyone
that…… You could get Free Bank Guarantees, without paying any money until the BG was delivered to the
funder.
In a daring moment the lonely man spread the rumor to all his friends, within weeks everyone was talking about
how you could get Bank Guarantees worth Millions of Dollars for FREE, without ANY Money Upfront, Free Bank
Guarantees. The news spread like wildfire as desperate people latched on to the hope of a pipe dream that was started as
a lie and was in fact 100% Untrue the entire time!
The Sad Reality is our industry is full of people that believe the fairy tale that Bank Guarantees can be obtained with NO
MONEY UPFRONT. The fact is they can’t! They never have been able to be purchased for free and they never will be!
ALL banks especially Top 25 banks charge fees to create and transmit the Bank Guarantee to a Funder. NO BANK will
do that for free! No Bank will take the risk on a transaction for the customer. NONE!
If the bank is not paid, no Bank Guarantee will EVER get sent. And if the customer (you) are not paying for the bank
guarantee to be sent…. then it wont be sent and no deal will ever be concluded! You can be absolutely sure that NO BG
ISSUER is going to pay the bank fees for you, why would they? If they own the BG and they pay the Bank Fees as well,
why do they need you as the customer? They may as well transmit the BG to the Funder themselves and keep all the profit
for themselves. Why would they share a cent with a client who has put up no money and taken no risk?
Its just a bad joke that people believe the free BG fairy tale! Regrettably so many people are busy believing the “I can get
a Bank Guarantee with No Upfront Fees Lie” that they waste hundreds of hours each year trying to find the Gold at the
end of the Rainbow that DOES NOT EXIST & NEVER HAS EXISTED!
Thanks & Best Regards
Md. Alamgir Hossain Sunny
Financial instrument consultant
Address: Plot: 7/5, Block: A, Rupatali Housing,
Barisal-8207, Bangladesh.
Cell/WhatsApp: +8801715343739
E-mail: trade_sunny@live.com