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Introduction
MT-760 BANK GUARANTEE / STANDBY LETTER OF CREDIT ISSUED BY AAA RATED BANK. NO DOWN PAYMENT REQUIRED.
A Standby Letter of Credit (SBLC) and Bank Guarantee (BG) is a payment guarantee generally issued by a bank “the issuing bank†on behalf of a client “the applicant†securing payment to a third party “the beneficiary†in the event the buyer fail to fulfill a contractual commitment the issuing bank will release payment to the seller.
When buyers issue Bank Guarantees in favour of seller they demonstrate financial capability to fulfill contractual obligation. BG also provide payment security to the supplier as he/she prepare to deliver the product to unloading port.
Our Bank Guarantee facilitate international transactions, as collateral and credit enhancement. The use of Bank Guarantees provide an advantage to buyers or traders who do not want to make down payment to the seller. BG provide fair trade opportunity to pay for the product on delivery at unloading port.
Bayrock Services Ltd provide Bank Guarantees / SBLC for serious commodity traders.
• Payment Guarantee For Products
Issue under Buyer's instruction in favor of the Seller. Provides payment obligation for the Buyer under a proposed contract.
• Performance Bond
Issued under the Seller's instructions in favor of the Buyer as a guarantee of proper fulfillment of contract obligations by the Seller.
• Tender guarantees
This type of guarantee is generally an obligatory condition to participate in tender.
Bank instruments:
- Standby Letter of Credit (SBLC)
- Bank Guarantee (BG)
- Proof of Funds (POF)
- Documentary Letter of Credit (DLC)
AMOUNT AND VALIDITY OF INSTRUMENTS:
Face Value: starting at USD 5,000,000 – USD 1 Billion
Validity: 6 Months or 1 Year and 1 day (with option to extend)
Delivery: By SWIFT
Confirmation: Verification by SWIFT
There will be no down payment, but Lessee must proof that he/she has fund to pay all the charges after the Bank Guarantee is successfully transmitted to the seller.
The Bank Guarantees we provide are design to protect buyer’s commercial interests by eliminating the need to prepay for products or services. It will also discard the need to provide collateral to your bank. Our Bank Guarantee will help minimize your risk and support your cash flow.
LEASING PROCEDURE
a. both parties (Lessor and Lessee) execute, sign and initiate the Deed of Agreement, which thereby automatically becomes a full commercial recourse contract.
b. Within (4) days after Both parties sign the Agreement, Lessee will issue a signed and notarized sealed Corporate Refund Recourse Undertaking to the Lessor guarantying to refund Lessor all the cost incurred by lessor for the bank transmission charges after due execution of the transaction. Lessor will instruct his bank to send RWA / MT-799 along with invoice via bank to bank SWIFT to Lessee Bank.
c. Within 3 working days after Lessee receives Lessor's signed and sealed Corporate Refund Recourse the lessor transmit BG/SBLC MT760 SWIFT to Lessee's bank account, the Lessor will deliver the BG/SBLC via bank confirmation of SWIFT BG/SBLC MT760 to Lessee's bank.
d. Lessee pays Lessor the leasing fee and the brokers their commission not later than 5 banking days.
e. Hard copy of the BG/SBLC will be sent via bank bonded courier in Seven (7) banking days.
Should Lessee default to pay the leasing fees to the Lessor and the brokers commission fees as agreed after (4) banking days of confirmation of BG/SBLC MT760 in lessor's bank account. Lessor will instruct the issuing bank to put a claim on the instrument, thereby forcing the Lessee's bankers to release the BG/SBLC MT760 to the issuing Bank.
The Leased Instruments : (BG) Bank Guarantee (SBLC) Standby Letters of Credit. If you are a potential buyer or trader looking to purchase commodities, we will be delighted to answer any questions you have about this opportunity and to provide you with all the details regarding this services.
Our BG/SBLC Financing can help your trade funded, by providing you with yearly renewable leased bank instruments. We work directly with providers of these instruments. You will work with your bank to ensure that the leased instruments will be returned to them before the maturity date.
Be informed that our procedure has been listed to you and kindly get back to us if you have any questions.
A Standby Letter of Credit (SBLC) and Bank Guarantee (BG) is a payment guarantee generally issued by a bank “the issuing bank†on behalf of a client “the applicant†securing payment to a third party “the beneficiary†in the event the buyer fail to fulfill a contractual commitment the issuing bank will release payment to the seller.
When buyers issue Bank Guarantees in favour of seller they demonstrate financial capability to fulfill contractual obligation. BG also provide payment security to the supplier as he/she prepare to deliver the product to unloading port.
Our Bank Guarantee facilitate international transactions, as collateral and credit enhancement. The use of Bank Guarantees provide an advantage to buyers or traders who do not want to make down payment to the seller. BG provide fair trade opportunity to pay for the product on delivery at unloading port.
Bayrock Services Ltd provide Bank Guarantees / SBLC for serious commodity traders.
• Payment Guarantee For Products
Issue under Buyer's instruction in favor of the Seller. Provides payment obligation for the Buyer under a proposed contract.
• Performance Bond
Issued under the Seller's instructions in favor of the Buyer as a guarantee of proper fulfillment of contract obligations by the Seller.
• Tender guarantees
This type of guarantee is generally an obligatory condition to participate in tender.
Bank instruments:
- Standby Letter of Credit (SBLC)
- Bank Guarantee (BG)
- Proof of Funds (POF)
- Documentary Letter of Credit (DLC)
AMOUNT AND VALIDITY OF INSTRUMENTS:
Face Value: starting at USD 5,000,000 – USD 1 Billion
Validity: 6 Months or 1 Year and 1 day (with option to extend)
Delivery: By SWIFT
Confirmation: Verification by SWIFT
There will be no down payment, but Lessee must proof that he/she has fund to pay all the charges after the Bank Guarantee is successfully transmitted to the seller.
The Bank Guarantees we provide are design to protect buyer’s commercial interests by eliminating the need to prepay for products or services. It will also discard the need to provide collateral to your bank. Our Bank Guarantee will help minimize your risk and support your cash flow.
LEASING PROCEDURE
a. both parties (Lessor and Lessee) execute, sign and initiate the Deed of Agreement, which thereby automatically becomes a full commercial recourse contract.
b. Within (4) days after Both parties sign the Agreement, Lessee will issue a signed and notarized sealed Corporate Refund Recourse Undertaking to the Lessor guarantying to refund Lessor all the cost incurred by lessor for the bank transmission charges after due execution of the transaction. Lessor will instruct his bank to send RWA / MT-799 along with invoice via bank to bank SWIFT to Lessee Bank.
c. Within 3 working days after Lessee receives Lessor's signed and sealed Corporate Refund Recourse the lessor transmit BG/SBLC MT760 SWIFT to Lessee's bank account, the Lessor will deliver the BG/SBLC via bank confirmation of SWIFT BG/SBLC MT760 to Lessee's bank.
d. Lessee pays Lessor the leasing fee and the brokers their commission not later than 5 banking days.
e. Hard copy of the BG/SBLC will be sent via bank bonded courier in Seven (7) banking days.
Should Lessee default to pay the leasing fees to the Lessor and the brokers commission fees as agreed after (4) banking days of confirmation of BG/SBLC MT760 in lessor's bank account. Lessor will instruct the issuing bank to put a claim on the instrument, thereby forcing the Lessee's bankers to release the BG/SBLC MT760 to the issuing Bank.
The Leased Instruments : (BG) Bank Guarantee (SBLC) Standby Letters of Credit. If you are a potential buyer or trader looking to purchase commodities, we will be delighted to answer any questions you have about this opportunity and to provide you with all the details regarding this services.
Our BG/SBLC Financing can help your trade funded, by providing you with yearly renewable leased bank instruments. We work directly with providers of these instruments. You will work with your bank to ensure that the leased instruments will be returned to them before the maturity date.
Be informed that our procedure has been listed to you and kindly get back to us if you have any questions.
Contact Info
Address:
146 Shirley Street. Paradise Island
Nassau
Bahamas SS5412
Bahamas
Nassau
Bahamas SS5412
Bahamas
Tel:
+1-805 394 2750
Website:
http://www.paymentinstrument.com
Offering
- MT-760 Bank Guarantee
- MT-799 POF
- Letters Of Credit
Hours of operation
| From | To | From | To | From | To | ||
|---|---|---|---|---|---|---|---|
| Monday | Open | 9:00 AM | 1:00 PM | 2:00 PM | 6:30 PM | ||
| Tuesday | Open | 9:00 AM | 1:00 PM | 2:00 PM | 6:30 PM | ||
| Wednesday | Open | 9:00 AM | 1:00 PM | 2:00 PM | 6:30 PM | ||
| Thursday | Open | 9:00 AM | 1:00 PM | 2:00 PM | 6:30 PM | ||
| Friday | Open | 9:00 AM | 1:00 PM | 2:00 PM | 6:30 PM | ||
| Saturday | Open | 9:00 AM | 1:00 PM | 2:00 PM | 4:00 PM | ||
| Sunday | Open | CLOSED | CLOSED | CLOSED | CLOSED | ||
