SOK CHANNY FINANCIAL SERVICE LIMITED (SCFSL) is licensed and regulated to provide Loans, International Project Financing, Leasing of Bank Guarantees/SBLC, Buying/Purchasing of BG/SBLC, Monetization of BG/SBLC, DLC, Letters of credit etc.

Our ServicesInline image 1Inline image 2

SOK CHANNY FINANCIAL SERVICE LIMITED (SCFSL) is licensed and regulated to provide #Loans, #International Project Financing, #Leasing of Bank Guarantees/#SBLC, #Buying/Purchasing of BG/SBLC, #Monetization of BG/SBLC, #DLC, #Letters of credit etc. All our Bank Instruments come from Top Prime AAA rated banks such as Citibank New York, Hong Kong or London, HSBC Hong Kong or London, Barclays bank, Standard Chartered Bank London/Dubai/Hong Kong, UBS Switzerland, Welsfargo, Bank of America, Deusche Bank etc. We can help you to obtain financing for your business or projects, activate credit line, Issue & provide Letters of credit, BG or SBLC for you, provide loans against financial instruments, and monetize financial instruments.Investing in the sectors we know best, we can provide more than just financing, We bring insight, knowledge and expertise to every loan, Bank guarantees of Letters of credit transaction. And as a result, businesses that finance with SOK CHANNY FINANCIAL SERVICE LTD,  benefit from our global know-how and expertise.

Around the world, we are helping our customers to invest more, to make more, to sell more and to do it all with greater efficiency. We’re helping companies in ways that no other financial institution or bank can. Only a builder can help you grow. Because we are SOK CHANNY FINANCIAL SERVICE LTD, we set the pace.

OUR COMPANY:

At SOK CHANNY FINANCIAL SERVICE LTD, (SCFS) we’re not just bank insiders, we are builders. We provide smart financing and the know-how of  SOK CHANNY FINANCIAL SERVICE LTD to help our customers’ capital go further and do more. Your company is building something and we get that. What you are building takes money, but it may also need knowledge and expertise. This is where we come in.

SOK CHANNY FINANCIAL SERVICE LTD (SCFS) is an extension of SOK CHANNY FINANCIAL rich heritage of building and supporting growth. Investing in the sectors we know best, we can provide more than just financing, We bring insight, knowledge and expertise to every loan or funding transaction. And as a result, businesses that finance with SOK CHANNY FINANCIAL SERVICE LTD benefit from our global know-how and expertise. Around the world, we are helping our customers to invest more, to make more, to sell more and to do it all with greater efficiency. We’re helping companies in ways that no other financial institution or bank can. Any bank or financial institution can help you finance. Only a builder can help you grow. Because we are SOK CHANNY FINANCIAL SERVICE LTD we make the difference, we set the pace…

OUR SERVICES ARE:

  • #Loans: (#Personal Loans, #Business Loans, #Secured Loans, #Unsecured Loans, #International Project Financing etc)
  • #Purchase Bank Instruments (#Bank Guarantees and #Standby Letter of Credit)
  • #Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)
  • #Letters of Credit (DLC, L/C, #Usance LC)
  • #Investments and Wealth Management
  • #Insurance Underwriting Services
  • #PPP and Trading Platforms
  • #Proof of Funds (POF)
  • #Corporate Finance
  • #Blocked Funds
  • #Escrow Services
  • #Private Equity

1. Loans and International Project Funding: We provide personal loans, business loans & project financing worldwide. We DO NOT discriminate against any nationality, skin color, race or religion. This means that ALL COUNTRIES are welcomed as far as the project or business is viable we will provide the needed loan or funding. Most importantly, we provide both secured loans and unsecured loans and our loan interest rate is just 3% per year which is the lowest in the industry. So if you have any viable business or project that needs funding kindly send us an email for more details.

WE PROVIDE LOAN / FUNDING FOR:

    • Start-ups
    • Small Businesses (SME’s)
    • Medium and Large Businesses
    • Public and Private Companies
    • Service Companies
    • Construction Companies
    • Agricultural Companies
    • Real Estate
    • Manufacturing Companies
    • Global Companies
    • Companies across all Industries
    • Companies wanting to go Public

     

    2. Bank Guarantees (BG) / Standby Letters of Credit (SBLC): A Banker’s Guarantee (BG) is a definite undertaking by the bank (guarantor) to pay the beneficiary a certain sum of money within a specified period if the applicant (principal) fails to fulfill his contractual or other obligations of an underlying transaction. It is normally used to secure either a financial or performance obligation of the principal.

    Through our cutting edge facilities, BG’s and SBLC’s can be issued to both local and overseas beneficiary from any top 25 world bank at 4% interest rate per year. These instruments can be used to get loans, secure credit lines, PPP, joint ventures, trading, signature projects etc. The minimum BG/SBLC amount is 1M up to 50 Billion. The full procedures, terms and conditions will be communicate to serious customers. Send us email inquiries now for our complete procedures, terms and conditions.

    3. Letter of Credit  (#Documentary Letter Of Credit (L/C, DLC) is the bank’s obligation to pay the seller of goods or services a certain amount of money in the timely submission of documents confirming shipment of goods or performance of contractual services. Documentary Letter Of Credit is one of the most important means of financing in the international trade, as the letter of credit is a tool that removes most of risks as from the buyer (importer) and from the seller (exporter).

    4. Registered Bonds: We can arrange for underwritten by a European Brokerage through a series of registered Bonds and offering these Bonds for sale through broker dealers around the world. These Notes would be listed on DTC/Euroclear, for sale. We can accommodate clients who require a minimum of $5 MM with no maximum.

    5. Structured Note Program: A new program backed by a major financial institution that guarantees the principal and interest for project financing. This program is for clients who requires a minimum of $20Million USD. AAA or rated higher institution will be the guarantor of not only the principle but the interest payments as well using their portfolio $30 plus Billion dollars of fortune 500 companies as collateral.

    BROKER INQUIRIES ARE WELCOMED AND APPRECIATED: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission.

Loans: (Personal Loans, Business Loans, Secured Loans, Unsecured Loans, International Project Financing etc) Purchase Bank Instruments (Bank Guarantees and Standby Letter of Credit) Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit) Letters of Credit (DLC, L/C, Usance LC)

#Loans#Personal Loans# Business Loans#Secured Loans# Unsecured Loans# International Project Financing

#Purchase Bank Instruments #(Bank Guarantees and Standby Letter of Credit)
#Lease Bank Instruments #(BG, SBLC, DLC, Letters of Credit)

#Letters of Credit (DLC, L/C, Usance LC)
#Investments and Wealth Management
#Insurance Underwriting Services
#PPP and Trading Platforms
#Proof of Funds (POF)
#Corporate Finance
#Blocked Funds
#Escrow Services
#Private Equity

BROKER INQUIRIES ARE WELCOMED AND APPRECIATED: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission.

Skype: http://www.sokchannyfinancial
Website: http://www.sokchannyfinancial.com
Email: sokchannyfinancialsvc@gmail.com OR
chong@sokchannyfinancial.com

OUR SERVICES ARE: Loans: (personal loans, business loans, secured loans, unsecured loans, International Project Financing etc) Purchase of Bank Instruments (Bank Guarantee and Standby Letter of Credit) Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit) Letter of Credit (DLC, L / C, Usance LC) Investment and Wealth Management

Loans: (personal loans, business loans, secured loans, unsecured loans, International Project Financing etc)
Purchase of Bank Instruments (Bank Guarantee and Standby Letter of Credit)
Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)
Letter of Credit (DLC, L / C, Usance LC)
Investment and Wealth Management

Skype: http://www.sokchannyfinancial
Website: http://www.sokchannyfinancial.com
Email: chong@sokchannyfinancial.com OR sokchannyfinancialsvc@gmail.com

Sok Channy Financial Services Ltd are experts in the Monetization of Bank Guarantees (BG) and Standby Letter of Credit (SBLC).

Sok Channy Financial Services Ltd are experts in the Monetization of Bank Guarantees (BG) and Standby Letter of Credit (SBLC)

1.:Bank guarantee – Bank Instruments BG/SBLC 

Sok Channy Financial Services

Ltd are experts in the Monetization of Bank Guarantees (BG) and Standby Letter of Credit (SBLC).Inline image 1

2.SBLC:Types of Stand-by Letters of Credit

  1. Performance standby letter of credit
  2. Advance-payment standby letter of credit
  3. Bid-bond or tender-bond standby letter of credit
  4. Counter standby letter of credit
  5. Financial standby letter of credit
  6. Insurance standby letter of credit
  7. Commercial standby letter of credit
  8. Direct-pay standby letter of credit

3.LOAN:We offer Loans,Cash & Asset Backed Financial Instruments such as (BG)Bank Guarantee/Standby Letter Of Credit(SBLC) on Lease and Sale at the best rates and with the most feasible procedures. As a direct Mandate to a genuinely renowned Investment Finance Company with past performances,we offer certifiable and verifiable bank instruments via Swift Transmission from a genuine provider capable of taking up time bound transactions Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved,If in need of our services, contact me for detail information.
Thank You.

4.AVIATION FINANCING:Keeping your business in flight is a serious task. So when searching for a financial partner, it’s important you find one that truly understands your industry. Having invested in the first U.S. jet engine, Sok Channy Financial Services Ltd knows the Aviation Industry. With more than 245 customers and investments in over 75 countries, Sok Channy Financial Services Ltd offers an unmatched selection of aircraft and engine leasing and lending options tailored to your business needs.

5.EQUIPMENT FINANCING:

equipmentSok Channy Financial Services Ltd provides equipment leasing, financing and other services to deliver significant benefits for your business. Everything from heavy machinery to light jets, car fleets to copiers; if you’re looking to optimize depreciation, lower your monthly payments or monetize assets, we offer solutions to help you boost your bottom line, meet commitments and thrive in the marketplace. Our products and services are customized with flexible structure and payment terms to match your unique needs and goals.

6.CORPORATE FINANCING:

corporate-financingCorporate Financing can be a critical lever for businesses that need to maximize liquidity and flexibility. It’s important to work with a partner who understands your industry and can structure the right program to help you achieve your goals. We work with a wide variety of mid-size businesses, large businesses, multinationals and private equity sponsors. Sok Channy Financial Services Ltd is one of the largest providers of asset-based, cash flow and structured loans.

7.

Commercial Real Estate Financing

commercialSok Channy Financial Services Ltd Real Estate is an extension of Sok Channy Financial Services Ltd’s rich heritage of building and supporting growth. Since 1985, we have been investing in the commercial real estate sector and currently have debt & equity activities across North America, South America, Europe and Asia-Pacific.

Our unique perspective as both a lender and an operator benefits our borrowers and tenants in ways that few other financial institutions can. We bring insight, knowledge and expertise to every transaction. And as a result, businesses that work with Sok Channy Financial Services Ltd Real Estate benefit from the global know-how and expertise of Sok Channy Financial Services Ltd.

8.

International Project Funding

projectIf you need Corporate loans for your International project funding or if you have a client that requires funding for his project or business, We are also are lenders that specialize in funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument. We have internationally tested, trusted and reliable providers that are ready, willing and able of delievring Fresh Cut BG, SBLC and MTN which are specifically for lease from top rated AA Banks, our bank instrument can be engaged in PPP Trading, Discounting, signature projects such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects.

LINKEDIN:https://www.linkedin.com/in/jose-garcia-walter-a85294153/

No Broker Chain involvement:NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission. Here are a few of the many benefits of being a  man global investments LIMITED broker:We are committed to fostering long term relationships with our borrowers, brokers, and investors and offer a range of products to meet your financing needs, Inquiries from financial brokers and intermediaries are also welcome, contact us today.

Email:chong@sokchannyfinancial.com or sokchannyfinancialsvc@gmail.com
Website:www.sokchannyfinancial.com
Company Skype:www.sokchannyfinancial

Surat Kredit (L / C, DLC, SBLC)

Letter of credit (Letter of Credit (L / C, DLC) adalah kewajiban bank untuk membayar penjual barang atau jasa sejumlah uang dalam penyampaian dokumen yang tepat waktu yang mengkonfirmasikan pengiriman barang atau kinerja jasa kontrak.

Documentary Letter of Credit adalah salah satu sarana pembiayaan yang paling penting dalam perdagangan internasional, karena letter of credit adalah alat yang menghilangkan sebagian besar risiko dari pembeli (importir) dan dari penjual (eksportir).

Documentary Letter of Credit adalah alat perhitungan yang sangat fleksibel dan mudah digunakan, yang memiliki pengakuan dan penerimaan terluas di dunia karena kelebihan sebagai berikut:

Bagi penjual, letter of credit ini nyaman karena menghilangkan risiko kebangkrutan pembeli, karena letter of credit adalah kewajiban tanpa syarat dari bank untuk membayar, terlepas dari ada tidaknya bank peminjam kredit. Dengan demikian, letter of credit memberikan tingkat perlindungan yang lebih tinggi terhadap kepentingan penjual dengan pembayaran pada saat pengiriman atau pengumpulan.

Bagi penjual kredit itu nyaman karena menghilangkan risiko kebangkrutan pembeli, karena letter of credit – kewajiban unconditional bank untuk membayar, terlepas dari ada tidaknya bank peminjam kredit. Dengan demikian, letter of credit memberikan tingkat perlindungan yang lebih tinggi daripada kepentingan penjual dengan pembayaran pada saat pengiriman atau pengumpulan.

Bagi nasabah, letter of credit lebih mudah karena memberikan perlindungan lebih besar terhadap kepentingan pembeli dibandingkan dengan uang muka, dan menghilangkan risiko penjual yang tidak bermoral, karena surat kredit mungkin diperlukan, antara dokumen lain, dokumen, dikeluarkan oleh pihak ketiga yang independen (Kamar Dagang, perusahaan asuransi, inspektur independen).

chong@sokchannyfinancial.com
Website: http://sokchannyfinancial.com/
Telepon: +855963259237
Skype: http://www.sokchannyfinancial
LINK SOSIAL KAMI


LINKEDIN: https://www.linkedin.com/in/jose-garcia-walter-a85294153/

FACEBOOK: https: //web.facebook.com/profile.php? Id = 100014885985321

TWITTER: https: //twitter.com/channyfinancial

WORLD PRESS: http: //sokchannyfinancialserviceltd.wordpress.com

Our area of expertise is providing direct and geniune provider of BG, SBLC,MTN, CD,LC , Non collateral Loan.

Our area of expertise is providing direct and geniune provider of BG, SBLC,MTN, CD,LC , Non collateral Loan.

Dear Sir/Ma

I am direct to a project Funder who is also known as private lender we specialized in The bank instrument can be use for purchase of goods from any manufacturer irrespective of their location.

It can also serve as collateral with any bank in the world to secure loan for your project or to e bank instrument lease and sales their funds is purely earned from private and corporate investment portfolios without criminal origin.With the group capital fund which are specifically for lease/sale in form of bank instrument. The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects.

Do you need a loan? If yes contact us for more information, Our bank instrument can be engage in signatory project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, Real Estate etc. We offer loan at low interest rate of 2% you can establish line of credit with your bank or secure loan for your projects,which our bank instrument will serve a collateral in your bank to fund your project. Our area of expertise is providing direct and geniune provider of BG, SBLC,MTN, CD,LC , Non collateral…

We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease/sales, our bank instrument can be engage in PPP Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffeur driven offers.

We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

The procedure is very simple; the instrument will be reserved on euro clear to be verified by your bank, after verification an arrangement will be made for necessary bank documents and stock testing expenses, the cost of the Bank Guarantee will be paid after the delivery of the MT760,
Description OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG/SBLC)
2. Total Face Value: Eur/USD 5M MIN and Eur/USD 10B MAX (Ten Billion EURO/USD).
3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank Frankfurt.
4. Age: One Year, One Month
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: Bank to Bank swift.
7. Payment: MT-103 or MT760
8. Hard Copy: Bonded Courier within 7 banking days.

OUR SOCIAL LINKS
LINKEDIN:https://www.linkedin.com/in/jose-garcia-walter-a85294153/

FACEBOOK:https://web.facebook.com/profile.php?id=100014885985321

TWITTER:https://twitter.com/channyfinancial

WORLD PRESS:http://sokchannyfinancialserviceltd.wordpress.com

We are ready to close leasing/purchasing with any interested client in few banking days, if interested do not hesitate to contact me.(WE MOVE FIRST)

Regards,

chong@sokchannyfinancial.com
Website: http://sokchannyfinancial.com/
Telephone: +855963259237
Skype: http://www.sokchannyfinancial

bank guarantee, original bank guarantee, letter of credit provider, SBLC lease, Standby Letter of Credit provider, SBLC provider, SBLC bg lease provider, HSBC bank guarantee

direct loans,SME loan ,unsecured loan,investment credit,secured loans,Project Finance International,BG, SBLC, MTN, CD, LC, Non collateral loan,Delivery: S.W.I.F.T MT-760,Payment: MT103 (TT / WT),Bank Guarantee, Letter of Indemnity, Security Guarantee Credit Line,advance payment guarantee,
Performance bond guarantee,Bank Guarantee, BG, Standby Letter of Credit, SBLC, PPP, Money Instruments Bank, BG Selling, Discount BG,E.T.C.
bank guarantee, original bank guarantee, letter of credit provider, SBLC lease, Standby Letter of Credit provider, SBLC provider, SBLC bg lease provider, HSBC bank guarantee
sok channy financial service Ltd. is a leading financial services provider headquartered in Cambodia to provide personal loans, business loans, SME loans, investment loans, project financing, bank guarantees, SBLCs, letters of credit and funding for all types of locally eligible projects and international.
All of our Bank Instruments are from Top Prime AAA rated banks such as Citibank New York, HSBC Hong Kong or London, Barclays Bank London, Standard Chartered Bank London / Dubai / Hong Kong, UBS Switzerland, Welsfargo, Bank of America, Deusche Bank etc. helping you to get financing for your business or project, activating line credit, Issue & delivering Credit, BG or SBLC Letters for you, lending to financial instruments, and money on financial instruments.
private loan providers, direct lenders, Genuine loan companies, SME loan companies, lender no credit checks, genuine international moneylenders, direct lenders for bad credit, unsecured loan lenders
OUR SERVICES ARE:
Loans: (personal loans, business loans, secured loans, unsecured loans, International Project Financing etc)
Purchase of Bank Instruments (Bank Guarantee and Standby Letter of Credit)
Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)
Letter of Credit (DLC, L / C, Usance LC) Investment and Wealth Management

Letters Of Credit (L/C, DLC, SBLC) Letter of credit  (Documentary Letter Of Credit (L/C, DLC) is the bank’s obligation to pay the seller of goods or services a certain amount of money in the timely submission of documents confirming shipment of goods or performance of contractual services.


Documentary Letter Of Credit is one of the most important means of financing in the international trade, as the letter of credit is a tool that removes most of risks as from the buyer (importer) and from the seller (exporter).

Documentary Letter Of Credit is very flexible and convenient tool of calculations, which have the widest recognition and acceptance in the world because of the following advantages:

For the seller, the letter of credit is convenient because it removes the risk of insolvency of the buyer, because the letter of credit is the unconditional obligation of the bank to pay, regardless of the presence or absence of the bank of the applicant credit. Thus, the letter of credit provides a higher degree of protection of the seller’s interests with payment upon delivery or by collection.

For the seller of credit is convenient because it removes the risk of insolvency of the buyer, because the letter of credit – the unconditional obligation of the bank to pay, regardless of the presence or absence of the bank of the applicant credit. Thus, the letter of credit provides a higher degree of protection than the interests of the seller with payment upon delivery or by collection.

For the customer the letter of credit is convenient because it provides greater protection of the buyer’s interests compared to the down payment, and eliminates the risk of unscrupulous sellers, because the letter of credit may be required, among other documents, the documents, issued by independent third parties (Chamber of Commerce, the insurance company, the independent inspector).

Email:chong@sokchannyfinancial.com
Website: http://sokchannyfinancial.com/
Telephone: +855963259237
Skype:  http://www.sokchannyfinancial

OUR SOCIAL LINKS
LINKEDIN:https://www.linkedin.com/in/jose-garcia-walter-a85294153/

FACEBOOK:https://web.facebook.com/profile.php?id=100014885985321

TWITTER:https://twitter.com/channyfinancial

WORLD PRESS:http://sokchannyfinancialserviceltd.wordpress.com

Letters Of Credit (L/C, DLC, SBLC) Letter of credit (Documentary Letter Of Credit (L/C, DLC) is the bank’s obligation to pay the seller of goods or services a certain amount of money in the timely submission of documents confirming shipment of goods or performance of contractual services.

There are the following forms of letter of credit:

Revocable Letters of Credit, which can be changed or canceled by the issuing bank without prior notice to the recipient of funds. Revoke of letter of credit does not create any obligation of the issuing bank to the payee (Article 1094 Civil Code). Nominated bank is obligated to make a payment or other operations on a revocable letter of credit, if at the time of their commission they have not received notice of the change of conditions or canceling credit. A letter of credit is revocable if its text does not explicitly state otherwise.

Irrevocable letter of credit is a firm obligation of the issuing bank to pay money in order and the terms defined by the conditions of the letter of credit, if the documents provided for by it, submitted to the bank specified in the credit, or the issuing bank, and observe the terms and conditions of the letter of credit.

Irrevocable letter of credit guarantees that the exporter will make payment to the performance of its obligations, even if an importer wants to abandon the deal. Therefore, exporter, performing a special order, for which most likely will not be another buyer, chooses exactly this kind of letter of credit.

Irrevocable unconfirmed letter of credit. When making an unconfirmed letter of credit issuing bank, providing a letter of credit, is only party that is responsible for the disbursement to seller. Nominated bank has to pay only after receiving the money from the issuing bank. Nominated bank simply acts on behalf of the bank providing credit, so it does not take any risk.

Irrevocable confirmed letter of credit – the obligation of the issuing bank is confirmed by another bank. Confirmation is an additional guarantee of payment from another bank (Bank of the exporter or prime bank).

Bank, confirming letter of credit is committed to pay for documents according to the conditions of the letter of credit if the issuing bank fails to make the payment.

According to the method of payment letters of credit can be divided into the following types of letters of credit:

1.Transferable Letter of Credit (Transferable LC) is a letter of credit, the beneficiary of which is entitled to instruct the advising bank to transfer the letter in full or in part to another person with the preservation of the conditions of the letter of credit. Transferable letter of credit may be transferred only once (if in the Credit otherwise is stated). Prohibition on transfer of letter of credit is not a prohibition on assignment of revenue on it. Letter of credit can be transferred only if it is clearly defined by the issuing bank as a transferable. The term “divisible”, “fractional”, “assignable”, “passed” and others do not give the right to consider the letter of credit as transferable. This type of letter of credit is applied when in the transaction between the seller and buyer the intermediary participates who has a letter of credit opened in his favor and transferred into its own provider. The letter of credit can be transferred only under the conditions specified in the original letter of credit, with the exception of the amount of the credit, the unit price, which can be reduced, as well as the expiry date, the last date for submission of documents after the date of shipment, shipment period, which may be reduced. During transferable letter of credit the documents should be requested so that they could be used for the initial credit. The use of this type of credit requires caution and a good knowledge of technology.

  1. Red clause Letter of credit. The essence of red clause letter of credit is that letter of credit requires the terms and conditions of a special clause, according to which the issuing bank authorizes the nominated bank to make an advance payment of a specified amount to the beneficiary before submitting all the documents under the Credit (prior to shipment of the goods or services). Such clause is included in the letter of credit at the request of applicant. Down payment on red clause letter of credit made by the executing bank under a written obligation of the beneficiary to submit documents in accordance with the terms of the letter of credit. After the submission of all documents executed in full. A letter of credit is named in such way because special clause was done with a red stripe.

3.The letter of credit with Payment at Sight. Beneficiary receives payment upon presentation and verification of documents corresponding to all the conditions of the letter of credit. It is provided a reasonable time for a document check before paying to the issuing bank, confirming bank or an authorized bank.

4.The letter of credit with Deferred payment. Letter of credit with Deferred payment is based on an irrevocable commitment of the issuing bank and / or confirming bank to make payment against presentation of the relevant documents not at the time of presentation of the documents and in the corresponding period of payment, determined by the conditions of the letter of credit. Letters of credit (with Deferred payment and payment by acceptance) may be a more attractive financial instruments to customers prior to the date of payment the buyer can sell the goods and pay the letter of credit, generated profit.

  1. Revolving Letter of Credit (Revolving LC) put up on a certain amount, after which it will be used for some time, again exposed for the payment of claims of the beneficiary as many times as is reached set the maximum aggregate limit.

The advantage for the importer is that it can order the product in quantities greater than it needs at the moment, and thus to secure a better purchase price. In this case, the delivery of goods will be divided into certain parties and must be performed at specified intervals. For exporter to ship on a schedule convenient for the importer, usually under the revolving credit indicating the dates of the respective amounts which represent the proportion of the aggregate limit.

Such  statement about the date of the equity amounts forces an exporter to ship goods in time in accordance with the agreed schedule, otherwise unused equity amounts simply void, unless otherwise isn’t stipulated in the letter of credit, that is for a further letter of credit they will be impossible to use. In this case we are talking about the “non-cumulative Revolving Letter of Credit.”

If the amounts that were not used in fixed terms for them, however, are allowed to use in the future, in which case we are dealing with a “cumulative Revolving Letter of Credit.”

Revolving Letters of Credit are useful only for transactions in which the same type of product will be delivered at regular intervals to the same counterparty.

6.Stand-by Letter of Credit (Stand-by LC) was developed by the American banking system and performs the same functions as a bank guarantee. Using a Stand-by Letter of Credit is regulated by the ISP98, and UCP 600.

Stand-by Letter of Credit is a bank’s obligation to make payment in the event of default on the part of the Applicant, and is a bank guarantee. Typically, this letter of credit is opened in cases where the contract provides for payment for goods by bank transfer or otherwise, not giving an absolute guarantee of payment, and the exporter wants to protect himself, but the bank guarantee is forbidden, then in the contract the parties stipulate that as security the letter of credit will be Stand-by by the importer. Payment under this letter of credit will be made in the event of non-payment by bank transfer or otherwise, in unintended ways, on presentation of documents by the beneficiary and the special statement indicating that the counterparty (applicant for the credit) has not fulfilled its obligations in respect of payment.

The use of the term “stand-by letter of credit” is explicated in such way that the law of some states in the U.S. prohibits banks to provide guarantees, and the International Chamber of Commerce Uniform Rules for Documentary Credits under the influence of U.S. banks recognizes the application of these rules for stand-by letters of credit (Article 1). From this position, their use is preferable to a bank guarantee, which are subject to national legislation.

In recent years, access to the banks to provide credit guarantee becomes frequent, which would support the borrower’s obligation to pay to a third party or a promise to fulfill certain contractual obligations. This can be done with the help of  letter of credit.

Beneficiary under a stand-by letter of credit is drawn firstly to the applicants for payment and then asks the bank to make a payment. For commercial letter of credit situation is reversed, “the beneficiary receives payment from the issuing bank, without resorting to the buyer for payment.”

Thus, as well as a guarantee, stand-by letter of credit is irrevocable obligation of the bank to pay a specified amount of stand-by letters of credit in the first written demand of the beneficiary in the event of default by a party under the Contract, subject to all conditions of the credit.

7.Back-to-back letter of credit. The letter of credit is opened by the issuing bank at the request of the client-applicant in the event of another open letter of credit in favor of the client, in which he is a beneficiary. In contrast to the transferable letter of credit,  basic and back-to-back letter of credit are two legally independent from each other letters of credit, even though both are designed for the same commodity transactions.

Back-to-back letter of credit is effective in cases where the seller does not want the proxy provider to know the end customer, and vice versa. In this case, the terms of a letter of credit opened in the name of the broker, may be moved to credit, which will open in the name of an intermediary third party transactions, both credit will be run independently of each other, and the terms of a letter of credit may differ if it is necessary.

This type of credit is usually used by middlemen.

In the CIS countries to open such credit, the banks generally require collateral or broker deposits to lower the risks.

Payment mechanism

  1. Importer (buyer) has a guarantee that the bank will not pay for his account as long as he doesn’t receive documents in accordance with the terms of the letter of credit and is satisfied that received documents by the external signs meet the requirements of the importer.
  2. Banks will deny payment of documents by the importer, if the documents on the goods do not meet the letter of credit, thereby protecting the interests of the importer.
  3. Customer can be sure of receiving payment as soon as he provides the documents to the bank according with the letter of credit.
  4. Customer receives against the shipping documents, specified in the letter of credit, prompt payment (if the letter of credit provides for payment terms – on demand).
  5. Required documents usually include shipping documents such as bills of lading (receipt of shipmaster) goods and transport waybill, duplicate w / a bill showing that the goods have been shipped in accordance with the needs and specification of the buyer.

Letter of credit in most cases is as follows:

  1. Exporter and importer agree to the release of LC (Letter of credit).
  2. Importer (the buyer) with the consent of the exporter (seller) asks his bank to issue a letter of credit. The importer’s bank (the issuing bank) in such case assumes an obligation to pay a fixed amount to the exporter with the condition that the exporter will provide the documents that match the letter of credit for a specified period of time.
  3. Bank issuing informs the bank of the exporter of the credit.
  4. Bank of the exporter (advising bank informs the exporter that, the letter of credit is issued on his advantage).
  5. Exporter ships the goods, prepares the necessary documents and send them to the bank for providing in the designated bank.
  6. Designated bank verifies the documents and if the documents are in compliance with the terms and conditions of letter of credit, this bank will pay the amount of the documents, but not exceeding the total amount of the letter of credit.
  7. Designated bank sends the documents to the importer’s bank for onward transmission to the importer, who can use them to get the goods.

General advantages of the letter of credit

1.Letter of credit is very flexible computational tool that can be used for payment transactions on a variety deals of clients.

2.Letter of credit is a tool, the rules of using of which are defined in the authoritative international organization, are common and are recognized all around the world. This is beneficial to both customers and banks, as each party of the transaction has a clear understanding of rights, responsibilities, and standard requirements to all participants in the operation.

3.Letter of credit is useful as a tool for short-term financing.

Advantages of the letter of credit for importers

1.Letter of credit may open by own expense of the client, by funds provided by the bank on credit, as well as by providing support by customer to fulfill its obligations (mortgage, deposit).

2.Payment is performed after shipment of goods and delivery of documents.

3.Importer determines a list of the documents against which will be issued payment.

4.Limit the period of providing of the documents and shipment of goods.

Advantages of the letter of credit for exporters

1.To the obligation of the buyer to pay, it is added an obligation of the issuing bank, this liability does not depend on the relationship between the seller and the buyer.

2.If the letter of credit is confirmed, so there is a guarantee of payment from the second bank.

3.Performance of the letter of credit is a guarantee of payment.

The similarities between the letters of credit and guarantees

1.Letter of credit and guarantee are due to the existence and the need to secure the obligations of partners in a transaction.

2.Letter of credit and guarantee are the bank’s obligation to make payment to the beneficiary against certain documents;

3.Letter of credit and guarantee are paid during the provision to the bank well-defined and clearly understood terms of those instruments of documents.

4.Commercial banks offer guarantees and letters of credit on the base of written confirmation of the presence of obligations in the applicant that are provided by such guarantees or letters of credit (the contract, etc.).

The differences between the letters of credit and guarantees

  1. Letter of credit is opened with the intention of using it, that is, payment by letter of credit is a phenomenon that occurs during the normal course of events (method of payment). Guarantee is used as a way to ensure obligations and is used if in the process of the implementation of one of the parties of the transaction is not able to meet its own obligations.
  1. Letter of credit is used as a method of payment in one form or another. The guarantee can cover almost any kind of obligations (the advance payment guarantee, performance of contractual obligations, tender obligations, repayment, payment of customs duty, payment of a fine or compensation fixed by the court, the observance of the guarantee period of equipment, guarantee of the payment of court collateral, guarantee of payment of the transfer a football player and many others.) Area of application of guarantee, thus much wider than in credit.
  2. Letter of credit is a transferable tool, as it allows to optimize the calculations between the partners. Guarantee in rare cases can be transferable as all that is required to receive funding under the guarantee is the requirement of payment, which makes it a ground for abuse of this tool.

SOK CHANNY FINANCIAL SERVICE LTD, issues Real Bank Guarantees, real and genuine SBLC’s and completes Real Funding without long stories!

SOK CHANNY FINANCIAL SERVICE LTD (SCFS) are genuine and reliable providers of loan, international project funding, Lease bank guarantee providers, buy, lease or rent sblc, dlc and all letters of credit.  Kindly contact us today for all your financial needs.

Email:chong@sokchannyfinancial.com
Website: http://sokchannyfinancial.com/
Telephone: +855963259237
Skype:  http://www.sokchannyfinancial

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We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease/sales, our bank instrument can be engage in PPP Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffeur driven offers.

We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

The procedure is very simple; the instrument will be reserved on euro clear to be verified by your bank, after verification an arrangement will be made for necessary bank documents and stock testing expenses, the cost of the Bank Guarantee will be paid after the delivery of the MT760,
Description OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG/SBLC)
2. Total Face Value: Eur/USD 5M MIN and Eur/USD 10B MAX (Ten Billion EURO/USD).
3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank Frankfurt.
4. Age: One Year, One Month
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: Bank to Bank swift.
7. Payment: MT-103 or MT760
8. Hard Copy: Bonded Courier within 7 banking days.

OUR SOCIAL LINKS
LINKEDIN:https://www.linkedin.com/in/jose-garcia-walter-a85294153/

 
 
 
 

We are ready to close leasing/purchasing with any interested client in few banking days, if interested do not hesitate to contact me.(WE MOVE FIRST)

Regards,

Telephone: +855963259237
Skype:  www.sokchannyfinancial