SERVICE AND INSTRUMENT DESCRIPTION:

Receive your Standby Letter of Credit Today!

Leased Standby Letter of Credit (SBLC)

A Standby Letter of Credit (SBLC) is a versatile financial tool used in a variety of sectors, including global finance, credit enhancement, project finance, trade finance, and more. It provides an excellent opportunity, but securing access to investor funds is key—this is where we step in.

As the holder, you gain the same rights as the original owner, enabling you to use the funds as collateral, place a lien, or even monetize the asset. These rights are available throughout the term of the leased SBLC or upon contract renewal.

Our Leased SBLCs are issued by some of the world’s top 100 banks and are delivered via Bloomberg, Euroclear, DTC screen block and pay, as well as SWIFT. These SBLCs are transferred between banks using SWIFT MT799 and SWIFT MT760.

We Protect Our Client Deposits Fully Through 3 Levels of Protection

You never have to worry about your security with our three levels of protection:

1. A Two Percent (2%) Non-Performance Penalty 

   – A 2% damage fee will be charged to a Party that fails to perform. This fee applies in two scenarios: (1) when the Provider issues a Corporate Invoke that the Beneficiary’s Bank refuses to pay, and/or (2) when the Beneficiary’s Bank is prepared and able to receive the BANK INSTRUMENTS, but the Provider’s Bank fails to deliver the BANK INSTRUMENTS via SWIFT MT-760, DTC, Euroclear, or Bloomberg.

2. A Program to Refund Deposits (all our agreements are Bank Endorsed (confirmable) with full bank responsibility as an insurance wrap)  

   – With our agreement with banks, that bank becomes responsible for payment when the transaction becomes complete.  

   – When a bank endorses an agreement, it assumes responsibility before the client makes any payments to our company. We are the only Bank Instrument Facilitators in the world that guarantee 100% of your initial deposit through bank endorsement, ensuring no payment is made by the client until this guarantee is in place.

3. Attorneys Client Trust Account  

   – Once your agreement is approved by the compliance department and bank-endorsed, payment must be made ONLY AND EXCLUSIVELY to an attorney’s office client trust account. The banking details will be provided directly by a Reliance Capital Finance Limited compliance officer (CCC) and will be included in your invoice.

This Refund Deposit Program protects our clients and makes sure that the deposits are completely safe.

16 Advantages of Purchasing a Leased Standby Letter of Credit (SBLC) from us!

1. Our program operates with Top 100 World Banks to secure your Standby Letter of Credit.

2. We offer monetization for our own bank instrument in case clients need this service.

3. SBLC is available in EUR and USD.

4. We offer Low Leasing Rates of 8+2 (10% Total) for Rated Bank or 5+2 (7% Total) for Non-Rated Bank.

5. After receiving the MT760, you have 5 days to complete your payment.

6. Pre-advice for the MT799 is included along with the SBLC.

7. 100 percent protected Deposit.

8. No Corporate or Personal Credit Checks

9. No Documentation for your Project Required

10. Agreement Signed and returned within 72 hours of completion.

11. MT760 offers SWIFT delivery to your Bank.

12. We offer Bloomberg, Euroclear, or DTC delivery to your Bank.

13. Brokers receive up to 1.5% Commission.

14. SBLC is specific to each client’s needs.

15. Non-performance penalty of 2 percent included in all contracts.

16. Deposit is 100 % protected, and the Provider Bank endorses client payout.

Deposit Requirements for Leased Standby Letter of Credit (SBLC) via SWIFT:

Bank Instrument Face Value	Minimum Deposit Required – Euros
€1,000,000.00 (One Million Euros) minimum	€35,000.00 (Thirty-Five Thousand Euros)
€2,000,000.00 (Two Million Euros) to €500,000,000.00 (Five Hundred Million Euros)	2% of the Bank Instrument Face Value

Prices in EUROS

Please Note: Leasing process via Swift: 7 banking days.

Deposit Requirements for Leased SBLC via EUROCLEAR & BLOOMBERG:

Bank Instrument Face Value	Minimum Deposit Required – Euros
€10,000,000.00 (Ten Million Euros)	€75,000.00 (Seventy-Five Thousand Euros)
€20,000,000.00 (Twenty Million Euros)	€100,000.00 (One Hundred Thousand Euros)
€30,000,000.00 (Thirty Million Euros)	€125,000.00 (One Hundred and Twenty-Five Thousand Euros)
€40,000,000.00 (Forty Million Euros)	€150,000.00 (One Hundred and Fifty Thousand Euros)
€50,000,000.00 (Fifty Million Euros)	€175,000.00 (One Hundred and Seventy-Five Thousand Euros)
€60,000,000.00 (Sixty Million Euros)	€200,000.00 (Two Hundred Thousand Euros)
€70,000,000.00 (Seventy Million Euros)	€225,000.00 (Two Hundred and Twenty-Five Thousand Euros)
€80,000,000.00 (Eighty Million Euros)	€250,000.00 (Two Hundred and Fifty Thousand Euros)
€90,000,000.00 (Ninety Million Euros)	€275,000.00 (Two Hundred and Seventy-Five Thousand Euros)
€100,000,000.00 (One Hundred Million Euros)	€300,000.00 (Three Hundred Thousand Euros)
€150,000,000.00 (One Hundred and Fifty Million Euros)	€325,000.00 (Three Hundred and Twenty-Five Thousand Euros)
€200,000,000.00 (Two Hundred Million Euros)	€350,000.00 (Three Hundred and Fifty Thousand Euros)
€250,000,000.00 (Two Hundred and Fifty Million Euros)	€375,000.00 (Three Hundred and Seventy-Five Thousand Euros)
€300,000,000.00 (Three Hundred Million Euros)	€400,000.00 (Four Hundred Thousand Euros)
€350,000,000.00 (Three Hundred and Fifty Million Euros)	€425,000.00 (Four Hundred and Twenty-Five Thousand Euros)
€400,000,000.00 (Four Hundred Million Euros)	€450,000.00 (Four Hundred and Fifty Thousand Euros)
€450,000,000.00 (Four Hundred and Fifty Million Euros)	€475,000.00 (Four Hundred and Seventy-Five Thousand Euros)
€500,000,000.00 (Five Hundred Million Euros)	€500,000.00 (Five Hundred Thousand Euros)

Prices in EUROS

Please Note: Leasing process via Euroclear: 35 banking days.

SWIFT MT-799/MT-760 Closing Process:

1. The Beneficiary and Provider sign the contract to initiate the memorandum of understanding and the letter of intent, thereby formalizing their contractual agreement.

2. During an upcoming day of business, the providing bank will endorse the agreement, granting the beneficiary payment for:

   – Swift delivery of the MT799 and MT760

   – MT760 Cost of Portfolio Reservation

   – Verifying the Beneficiary

   – Compliance Assessment Coordinated by the Bank

3. The Beneficiary, within two (2) international banking days, shall instruct their Bank to wire transfer the swift transmission/portfolio reservation cost of £XXX,XXX to the Provider’s banking coordinates. A copy of the wire transfer receipt must also be emailed to the Provider. (The BPU securing the leasing fee must be confirmed prior to the MT799 being sent.)

4. Within three (3) banking days after the Provider’s Bank receives the above-mentioned bank swift transmission/portfolio reservation cost, the Provider will instruct their issuing bank to prepare the Bank Instruments for the Beneficiary and arrange for their delivery to the Beneficiary’s Bank.

5. Within ten (10) banking days, the Provider will send an MT-799 Pre-Advice to the Receiver’s bank, inquiring, “Are you ready to receive SWIFT MT-760 with the Bank Instrument, verify, and pay via SWIFT MT-103 within five (5) calendar days, as per Transaction Code No. ______?” (The Provider will email a copy of the MT-799 to the Beneficiary).

6. Within three (3) banking days thereafter, the Receiver’s Bank will send an MT-799 to the Provider’s Bank confirming, “Yes, Confirmed, we are ready to receive SWIFT MT-760 with the Bank Instrument, verify, and make payment via SWIFT MT-103 within five (5) calendar days, as per Transaction Code No. ______.” (The Beneficiary will email a copy of the MT-799 to the Provider).

7. Within three days, the provider’s institution will send the SBLC through the SWIFT MT760.

8. Once the receiving bank has received the SBLC, they will confirm receipt with the other bank and make a payment within 5 days. The payment will be 10% of the total amount (minus the initial deposit paid to the provider), which includes a 2% consultant fee.

9. If the Beneficiary fails to honor the payments, the Provider will file a claim on the SBLC, prompting the receiver’s institution to return the SBLC via SWIFT MT-760. Any payments made by the Beneficiary will be non-refundable.

10. The Provider’s bank has one week from the receipt of the SBLC payment to send a hard copy of the SBLC to the Beneficiary’s bank via a bank-bonded courier.

11. Any additional tranches will abide by the same procedures and continue until the funds have been depleted.

Important: In our contracts, the purchaser must return the Leased Standby Letter of Credit (SBLC) to the Issuing Institution 15 days before the year anniversary of the contract.

Euroclear & Bloomberg Closing Process: Bloomberg

1. The Provider and Beneficiary execute, sign, and initiate this Letter of Intent / Memorandum of Understanding, which immediately becomes a binding commercial recourse contract agreement..

2. One Banking day the Provider Bank Endorsed this agreement guarantee the Beneficiaries payment for the:

   – Swift Transmission (MT799 and MT760)

   – Portfolio Reservation Cost (MT760)

   – Beneficiary Verification

   – Bank Delivery Coordinates Compliance Assessment

3. Within two (2) international banking days, the Beneficiary instructs their bank to wire transfer the swift transmission/portfolio reservation cost of $XXXXXX (_____) to the Provider’s designated receiving bank coordinates, and emails a copy of the wire transfer receipt to the Provider.

4. Within three (3) banking days after the Provider’s Bank receives the above-mentioned bank swift transmission/portfolio reservation cost, the Provider will instruct their issuing bank to prepare the Bank Instruments for the Beneficiary and arrange for their delivery via Euroclear/Bloomberg Screen to the Beneficiary’s Bank.

5. Within ten (10) banking days, the Provider’s institution must email a certified receipt of the Bank Instrument delivery via Euroclear/Bloomberg. (The Provider will email a copy of the Euroclear/Bloomberg Screen to the Beneficiary).

6. Once the receipt is acknowledged, the Beneficiary immediately pays for the leasing fees. (Screen block and pay).

7. The Bank Instrument has to be returned no more than 15 days before the contract has been signed for a year.

Required Documents:

1. Fill out the SBLC Application Below  

2. When you’ve finished the Leased SBLC Application and email it to: info@reliancecapitalfinancelimited.com  

Compliance Standard:

– Accepted Standard: Clients must abide by our standards and accurately fill out the application online.  

– Rejected Standard:  

  – Any provider that is listed on the Forbidden Assets and Financial Instrument List.  

  – Any situation where a client cannot or will not pay the deposit.  

Important Information:

1. Please note that the days are banking days, and no weekends or holidays are counted. 

   – Banking Days & Holidays Calculator  

2. With our BG delivery services, all terms are non-negotiable. We will not modify the price or procedures of this service.

3. We do not issue RWA or BCL letters. Clients typically use this approach to seek a credit line from the receiving institution by obtaining a banking letter confirming that a bank instrument is ready to be issued in their name. We do not permit this practice under our company name. 

4. There is no way to obtain a FREE Standby Letter of Credit (SBLC) or allow a client to pay for an SBLC after the MT760 has been delivered. If payment is not made in full, or secured through a Bank Payment Undertaking, the Standby Letter of Credit (SBLC) will not be issued. Banks will not deliver any SBLC until the funds are secured. They do not operate on the hope of future payment; banks do not work for free.e client may pay them.  

5. If the client is leasing through Euroclear and simultaneously requesting a loan via monetization with the Attorneys Trustees office of The Reliance Capital Finance Limited, please take note of the following information:

   – The initial application, once submitted, takes 72 hours for compliance approval.  

   – You will be given an application for the bank instrument, and the recourse or non-recourse loan once submitted 72 hours for due diligence.  

   – After due diligence and application approval client receives a bank-endorsed countersigned agreement, and the client has 3 days to submit payment.  

   – It takes 35 days to process the leasing of the bank instrument after receiving payment.  

   – It takes 30 days for the monetization process of the bank instrument.  

   – A total of 65 working days after payment is received.  

6. Please note that in some cases, banks may request a performance bond (insurance wrap or wrap-up insurance) on a bank instrument if the client raises any red flags during the due diligence process conducted by the issuing bank. This is to ensure that the bank instrument will not be called at maturity due to a failure to pay the commitment made by the client, with the bank instrument placed as collateral.

7. The Reliance Capital Finance Limited companies do NOT accept any payments from clients outside of the attorney’s client trust account. Therefore, they are NOT RESPONSIBLE for any payments made to third parties, including Reliance Capital Finance Limited brokers or delegation offices.