Lease Instrument

Advantages of Leasing BG/SBLC from Evergreen Trading:

Our Leased Bank Guarantees or Standby Letters of Credit originate from Top Rated World Banks such as HSBC UK and Barclays PLC London.

Leased Bank Guarantees (BG) or Standby Letters of Credit (SBLC) are available in Euro or USD Currency.

Lease Rates range from 8+2 to 12+2 depending on the contract size and the instrument’s purpose.

We provide various leasing options with a minimal initial security deposit, fully protected under Bank Escrow until MT799/MT760 is authenticated and verified by the receiving bank, after which it is refunded in full upon completion of the lease and payment.

$0 upfront transmission fee options are available to clients who can furnish sufficient KYC/CIS and Proof of Funds (POF).

Arrange face-to-face meetings or secure video conferences with our BG/SBLC specialists and legal mandate/representative of the principal provider.

All KYC/compliance documents are meticulously prepared for approval.

No Project Personal or Corporate credit checks are required.

LOI/Term Sheet delivered within 48 Hours of application.

MT799 Pre-advice included followed by BG/SBLC bank verification.

SWIFT Delivery of MT760 directly to your nominated receiving Bank.

Up to 2% Commission Paid to Brokers or 1% each side.

All Leased Standby Letters of Credit (SBLC) or Bank Guarantees are Fresh Cut (FC) and compliant with International Chamber of Commerce (ICC) protocols.

Lessee has 5-to-10 banking days to pay the agreed lease banking fees.

Brokers & Consultants:

Fees are 100% Protected with NCNDA/IMFPA Paymaster Agreement.

2% Broker Commission or 1% Fee (open) on all successful applications.

Contact Us for an in-depth discussion on a case-by-case basis.

Estimated Completion Time:

The SWIFT MT760 is typically 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 depends on the leasing option chosen.

Interested in leasing and monetizing a BG/SBLC? Reach out to us.

BG/SBLC LEASE AND PURCHASE PROCEDURES

In response to the growing prevalence of Fake SBLC Providers requesting upfront security deposits to be placed into IOLTA or Escrow/Trust accounts, we at Evergreen Trading DO NOT impose any upfront transmission fees or security deposit requirements. We strongly advise our clients against engaging with any company or individual that demands upfront payments.

For a successful transaction, please adhere to the following procedures, as the issuer does not entertain any alternative third-party processes:

1. Client submits complete CIS/KYC for due diligence and compliance.
2. Following successful due diligence and compliance, the provider issues the Deed of Agreement (DOA).
3. Upon mutual counter signing of the DOA (with the client signing first), both parties submit the CONTRACT to their respective banks.
4. After lodging the contract with their respective banks, the client’s bank sends a secure bank email to the issuing bank for Acknowledging the Contract, Readiness, and Approval of MT-760 Verbiage.
5. The issuing bank dispatches the Pre-Advice via SWIFT MT-199 or SWIFT MT-799 to the client’s designated bank.
6. The designated receiving bank responds with the “BANK PAYMENT UNDERTAKING” via SWIFT MT199 or SWIFT MT799 to the issuing bank.
7. The issuing bank issues the “STANDBY LETTER OF CREDIT/BANK GUARANTEE” VIA SWIFT MT-760 to the client’s designated bank.
8. Following validation and authentication of the delivered “STANDBY LETTER OF CREDIT/BANK GUARANTEE” MT760, the client settles payment per the contract invoice to the issuer’s designated account within FIVE (5) banking days.

Contact Us for further information.