Products
Sell SBLC/BG for lease MT103/23
Procedure
3.1. Borrower and Lender shall sign this Agreement, which shall become a formal and enforceable agreement between both parties.
3.2. Within 2 Banking Days of signing Lease Agreement, Borrower shall provide payment of the lease fee by conditional MT103/23 covering total 10% of face value of the BG.
3.3. Within ten (5) Banking days after receipt of the MT103/23, Lender’s BG issuing bank shall transmit the BG via swift MT760 to Borrowers bank.
3.4. After receipt of the BG by MT760 and verification, Borrower’s bank lifts the condition from the MT103/23 and releases the payment to the Lenders bank.
3.5. Borrower shall pay to the Lender, the agreed service fee of 10% + 2% Commission for Intermediaries (Ten Percent + Two Percent) of the face amount of the instrument for a period of one year and one day
3.6. Transaction complete
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West Capital Lending Inc
Keywords: sblc, bg, mtn
Tags: #sblc, #bg, #mtn
