Owned Bank Draft Monetization

Service and Instrument Description:

Recourse & Non-Recourse Loan Monetization of Owned Bank Draft for the Intention of Project Funding.

We never require our clients to pay upfront fees for monetization and are only compensated when a project is completed. This is the agreement that we contractually have with our clients and the Reliance Capital Finance Limited.

We can monetize this through an Owned Bank Draft and provide you with a loan through careful negotiations with an attorney-trustee office. This is a loan that you will very seldom have to pay back, and if you do end up having payments, they will be at a low rate. Our clients will receive their funds from an attorney’s trust bank account with a legal opinion, so our clients won’t have to deal with problems on the release of their funds with their local banks.

Per Bank Draft, there is 1 Monetization allowed

Bank SWIFT – Bank Draft will be delivered to the Bank using SWIFT MT110.

Bank Drafts must come from World Top 100 Banks with a minimum amount of 10 Million in USD, GBP, EUR, and the maximum amount of 500 Million.

The Monetizer must switch the owned and issuing bank at least fifteen days before the draft expires in our contracts.

Monetization LTV:

65% Rated Bank: Non-Recourse Loan – Bank Draft Monetization. *This loan has a lower LTV, but you don’t have to pay it back.*

80% Rated Bank: Recourse Loan – Bank Draft Monetization. This loan has an interest between 2% to 7.5% per annum and can span up to ten years in length.

Notes:

5% commission is paid out on all Loans.

Due to all the FALSE Bank Draft applications we are receiving daily, we require that all of the applications for monetization of a Bank Draft come with the business card of the bank officer who issued the Bank Draft so we can confirm the bank instrument before we pass this application to BANK compliance for monetization.

How Long Does It Take?

Up to two weeks after the paperwork is completed or a week after the instrument is SWIFT delivered.

Loan Disbursement:

1. The loan is disbursed in 12 months.

2. Once the MT-110 is authenticated, three weeks later, 20 percent of the loan will be disbursed.

3. A month after the original disbursement, 20 percent more will be given.

4. Finally, the last 60 percent of the loan will divide over the ten-month period and occur monthly.

SWIFT Closing Process

1. Once both parties sign the contract, the client directs their institution to send SWIFT MT110 to the monetizer’s bank.  

2. Once SWIFT MT110 is received, there only have a week to give the non-recourse loan for the LTV.  

3. The Draft must be returned 15 days before the year is out on the contract.  

Documents Required:

1. Bank Instrument Monetization Application (Download Below)  

2. Fill Out Bank Instrument Monetization Application and email it to: info@reliancecapitalfinancelimited.com  

Compliance Standard:

1. Accepted: The Draft MUST be delivered by SWIFT and from a Rated Bank.  

2. Rejection: Forbidden Assets and Financial Instrument Providers List  

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 bank instrument monetization services, everything is non-negotiable. We will not alter the procedures of this service.  

3. The compliance department may ask for the last three bank statements of the bank account from where the bank instrument will be issued to start processing a monetization application.  

4. We don’t issue RWA or BCL letters. Clients normally use this tactic to shop around for a bank instrument with a provider institution with a banking letter confirming there is a credit line ready to incentivize the provider to send a bank instrument on their behalf. We will never allow this to happen under our company name.  

Recourse Loan Disbursements Example (100 Million Euros):

Bank Instrument Face Value: €100,000,000.00

Recourse Loan Disbursement (80%): €80,000,000.00

Loan Commission Fees (5%): €4,000,000.00

Total Loan Disbursement: €76,000,000.00 

Example of Recourse Loan Disbursement Schedule:

Disbursement	Amount in Euros	Details
Loan 1st Disbursement	€15,200,000.00	20% of the loan in 21 days after receipt and authentication of the SWIFT.
Loan 2nd Disbursement	€15,200,000.00	20% of the loan 30 days after the 1st disbursement.
Loan 3rd Disbursement	€4,560,000.00	30 days after the 2nd disbursement.
Loan 4th Disbursement	€4,560,000.00	30 days after the 3rd disbursement.
Loan 5th Disbursement	€4,560,000.00	30 days after the 4th disbursement.
Loan 6th Disbursement	€4,560,000.00	30 days after the 5th disbursement.
Loan 7th Disbursement	€4,560,000.00	30 days after the 6th disbursement.
Loan 8th Disbursement	€4,560,000.00	30 days after the 7th disbursement.
Loan 9th Disbursement	€4,560,000.00	30 days after the 8th disbursement.
Loan 10th Disbursement	€4,560,000.00	30 days after the 9th disbursement.
Loan 11th Disbursement	€4,560,000.00	30 days after the 10th disbursement.
Loan 12th Disbursement	€4,560,000.00	30 days after the 11th disbursement.

Non-Recourse Loan Disbursements Example (100 Million Euros):

Bank Instrument Face Value: €100,000,000.00

Non-Recourse Loan Disbursement (65%): €65,000,000.00

Loan Commission Fees (5%): €3,250,000.00

Total Loan Disbursement: €61,750,000.00

Example of Non-Recourse Loan Disbursement Schedule:

Disbursement	Amount in Euros	Details
Loan 1st Disbursement	€12,350,000.00	20% of the loan in 21 days after receipt and authentication of the SWIFT.
Loan 2nd Disbursement	€12,350,000.00	20% of the loan 30 days after the 1st disbursement.
Loan 3rd Disbursement	€3,705,000.00	30 days after the 2nd disbursement.
Loan 4th Disbursement	€3,705,000.00	30 days after the 3rd disbursement.
Loan 5th Disbursement	€3,705,000.00	30 days after the 4th disbursement.
Loan 6th Disbursement	€3,705,000.00	30 days after the 5th disbursement.
Loan 7th Disbursement	€3,705,000.00	30 days after the 6th disbursement.
Loan 8th Disbursement	€3,705,000.00	30 days after the 7th disbursement.
Loan 9th Disbursement	€3,705,000.00	30 days after the 8th disbursement.
Loan 10th Disbursement	€3,705,000.00	30 days after the 9th disbursement.
Loan 11th Disbursement	€3,705,000.00	30 days after the 10th disbursement.
Loan 12th Disbursement	€3,705,000.00	30 days after the 11th disbursement.