Instrument & Service Description:
Purchasing a standby letter of credit from Best Funding Capital provides security and peace of mind for all your transactions Standby Letter of Credit (SBLC). It is a crucial financial instrument, providing security and peace of mind in transactions. At Best Funding Capital, we offer a tailored approach to issuing SBLC ensuring reliability and efficiency for our clients. Our SBLCs are issued by top 100 global banks and delivered through a secure SWIFT MT799 and MT760 process.
Client Deposits are 100% Protected with 3 Levels of Protection
We value our relationships with our clients so much that ALL CLIENT DEPOSITS receive 3 Tiers of Protection which are:
- Corporate Refund Undertaking
- Two Percent (2%) Non Performance Penalty
- Deposit Refund Protection Program.
The Deposit Refund Protection Program Guarantees clients Deposits are 100% Safe AND ensures clients Deposits are paid back in FULL to their bank account BEFORE we Deliver the Financial Standby Letter of Credit (SBLC) to the clients nominated Bank coordinates. This is a unique Program that is only available to clients of Best Funding Capital Funding! We specially structured this program to provide clients with the safety, security and peace of mind they deserve when Purchasing an Owned Standby Letter of Credit (SBLC) from us. We strongly recommend ALL clients complete the Deposit Refund Protection Program prior to purchasing a Owned Standby Letter of Credit (SBLC).
14 Key Advantages of a Financial SLBC
- Program operated with Standby Letter of Credit from Top 100 World Banks
- Standby Letter of Credit (SBLC) are available in both USD or Euro Currencies, pay in USD we Issue in USD, Pay in Euro, we issue in Euro
- Low Purchase SBLC Rate of 48+2 (50% Total)
- 10 Days to Complete Full Payment after Delivery of MT760 to your Bank.
- MT799 Pre advice Included with Standby Letter of Credit (SBLC) Delivery
- Corporate Refund Undertaking protects your Deposit
- No Personal or Corporate Credit Checks
- No Project Documentation Required
- LOI Signed within 24 Hours of being completed and returned to us
- Simple Delivery of MT760 direct to your Bank.
- Up to 1.5% Commission Paid to Brokers
- All Standby Letter of Credit Buy SBLC are Fresh Cut specifically for each Client
- 2% Non-Performance Penalty in All agreements
- Your Deposit is 100% Capital Protected and Repaid in Full to you BEFORE we Deliver the Standby Letter of Credit (SBLC) if you enroll in our Deposit Refund Protection Program.
Owned Standby Letter of Credit (SBLC) Deposit Requirements:
- 10M SBLC – $250,000
- 20M SBLC – $280,000
- 30M SBLC – $300,000
- 50M SBLC – $320,000
- 70M SBLC – $350,000
- 100M SBLC – $400,000
- 150M SBLC – $450,000
- 200M SBLC – $500,000
- 300M SBLC – $600,000
- 400M SBLC – $650,000
- 500M SBLC – $800,000
Prices in USD
When Purchasing an Owned Buy Standby Letter of Credit (SBLC) clients must meet two financial requirements:
- Clients MUST be able to pay the above Deposit to have the SBLC Delivered to their bank.
- Clients MUST be able provide a Bank Comfort Letter (BCL) proving they have the funds in their account currently to pay for the 48+2 cost of the SBLC when it is delivered.
These two important criteria are Non Negotiable!
Estimated Completion Time:
- The SWIFT MT760 letter of credit is Delivered 2 Days after the Issuing and Receiving Banks exchange MT799s.
Brokers & Consultants:
- Always 100% Protected & Respected
- Healthy Commissions Paid
- Be Direct to the Finance Source, NOT in a Broker Chain!
- We offer 3 Profitable Broker Levels
Closing Process – SWIFT
- Within three (3) banking days after the Provider has received the clients Deposit, the Provider will instruct his issuing bank to create the Standby Letter of Credit (SBLC) for the Beneficiary and schedule it delivery to the Beneficiaries Bank.
- Within ten (10) banking days Providers issuing bank then issues and sends a Preadvice Notification via swift MT799 to Beneficiaries designated bank receiving account. (Provider shall provide a copy of said MT799 to the Beneficiary by email).
- When the Beneficiaries bank has replied to the MT799 by SWIFT, then the Providers issuing bank issues and sends the Standby Letter of Credit (SBLC) via swift MT760 to Beneficiaries designated bank receiving account. (Provider shall provide a copy of said MT760 to the Beneficiary by email).
- The Beneficiaries bank verifies, and pays for the Standby Letter of Credit (SBLC) within Ten (10) banking days, and additionally pays out the consultancy fees/commissions.
- Providers bank, within three (3) banking days of receipt of full Invoice payment for the Standby Letter of Credit (SBLC), sends the hard copy original Standby Letter of Credit (SBLC) to the Beneficiary’s Bank by bank-bonded courier.
Example:
The Standby Letter of Credit (SBLC) is issued with a Value of: $100,000,000,000
The Standby Letter of Credit (SBLC) Cost to Client is (48%+2%) 50% LTV being: $50,000,000,000
Within 10 Days After SBLC Delivery by MT760 the Clients Bank Pays 50% being $50,000,000,000 to the Issuing Bank
Critical Compliance Criteria:
- Accepted Criteria: Clients that comply with our required Client Standards and accurately and correctly complete the Purchase Owned Standby Letter of Credit (SBLC) Application and MUST submit it with completed Bank Comfort Letter (BCL).
- Rejected Criteria:
- Any Standby Letter of Credit (SBLC) that is required to be delivered to a Provider on this Banned Providers List.
- Any Standby Letter of Credit (SBLC) application where the client cannot or does not want to pay the required Deposit for the delivery of the SBLC.
- Any Standby Letter of Credit (SBLC) application that does not include a completed Bank Comfort Letter (BCL).
Critical Information:
- Our Purchased Standby Letter of Credit (SBLC) delivery service is Non Negotiable. We do not change the terms, structure, delivery procedures or prices of this service.
- We no not offer FREE Standby Letters of Credit (SBLC) or allow clients to pay for the Standby Letter of Credit (SBLC) after the MT760 has been received. If the Bank is not paid the Deposit to send the Standby Letter of Credit (SBLC), then no Standby Letter of Credit (SBLC) will ever be sent or delivered. Banks simply do not work for free or on the hope that after they deliver a Standby Letter of Credit (SBLC) by MT760 that the client may pay them. For more information on this, please read here.
- When Purchasing an Owned Standby Letter of Credit (SBLC)the client must produce a Bank Comfort Letter (BCL) as detailed in the Application below. No BCL, No Agreement, No other Option!
Client Standards:
Best Funding Capital Funding requires clients meet key standards and pass compliance in order for us to consider working with them. We do not accept all clients because doing business with Best Funding Capital Funding is a unique Privilege given solely to real, genuine, authentic clients, not a Right that is attainable by all. View our required Client Standards here.
Summary:
We solely deal with real deals, real people and real Owned Standby Letters of Credit (SBLC) that need to be delivered to our clients nominated bank accounts. The Bank SWIFT Network is the Gold Standard that validates all aspects of this transaction and provides a respected industry platform where a safe settlement can be facilitated. Close your successful transaction with Best Funding Capital Funding
