ALL SBLC & BG APPLICANTS MUST BE CORPORATION ENTITIES. NO SOLE PROPRIETORSHIPS WILL BE ACCEPTED.

Dear Sir(s),

Our Provider is able and ready to block an asset in their portfolio, from their “preferred bank”,  Citibank Singapore OR Citibank Hong Kong, an A+ Credit Rated, Cash-Backed SBLC or BG (For more information on Citibank Singapore/Citigroup’s financial strength as an A+ credit rated bank, please scroll to the bottom of this page.

At this time, with a minimum face value amount of USD$ or Euro 25 million up to USD$ or EURO 1 billion delivered to your bank via an MT799 and MT760 for one (1) year and one (1) day, subject to the CLIENT’S wire transfer to our PROVIDER's bank account.  After the MT760 (SBLC and BG) is delivered and received by the Recipient CLIENT, then a settlement fee of sixteen percent 16% + 2% of the face value of the issued instrument is paid. The 16% is paid to our Provider’s bank account. The 2% Commission is “CLIENT /BUYER Paid” which is Arranged and Agreed upon via Mutual Business Agreement (IMFPA & NCNDA) on behalf of the Intermediaries (When applicable). Alternative Funding represented by Antoinette Stepter-Lynch is getting paid by the Seller (Provider).

INITIAL COSTS for an SBLC or BG:

1. 25 million USD$ or EURO to 39 million ==) 4% of instrument´s face value

2. 40 million USD$ or EURO to 99 million ==) 3% of instrument´s face value

3. 100 million USD$ or EURO to 149 million =) 1.50% of instrument face value

4. 150 million USD$ or EURO to 699 million =) 1.25% of instrument´s face value

5. 700 million USD$ or EURO to One Billion ==) 0.6% of instrument´s face value

IMPORTANT RATE INCREASE OF COST (PRICE) NOTIFICATION & PREVENTION

SBLC & BG Costs (Prices) are established according to the participating bank’s rates. “Paying the Initial Cost and the Provider receiving the Initial Cost will LOCK IN your Rate of Cost (Price)”. Therefore, paying the Initial Cost and the Provider receiving the Initial Cost before the bank increases rates will prevent a rate of cost (price) increase to your transaction. However, if the Initial Cost has not been received by the Provider before a bank rate change, as bank rates change, costs (prices) for your SBLC or BG will be affected and are subject to change, as well, at that time.

The TRANSACTION COMMITMENT LETTER is FREE. 

(Paying the INITIAL COSTS for this PRE-EXISTING INSTRUMENT IS NOT Negotiable.)

The INITIAL COST is used to pay the following:

• The Cash-backed SBLC Creation 
• MT799 (twice)
• MT760
• Wire Fee
• Bank Undertaking Payment
• Future Undertaking for Payment Fee
• To Receive the Undertaking Fee
• Banking Administration Fees
• 1% Fee to the Trust Attorney as the Initial Cost custodian 

The “INITIAL COST” is due and payable AFTER the CLIENT has received the Transaction "COMMITMENT LETTER" from the Provider.

THE SBLC/BG ISSUANCE PROCESS

CLIENT SUBMITS the following documents to the seller through:

Alternative Funding

Antoinette Stepter-Lynch

Administrative Facilitator / Lead Referrer

Email: To be furnished at the time of submission (OR) Click internal://6ac6caf7-9cb8-4ce1-a725-b518acda72e1

1.)  Signed "one-page" SBLC & BG CLIENT APPLICATION (Please submit a one-page application only)

2.)  Signed (Client & Receiving Bank Accepted) SBLC MT799/MT760 “TEXT VERBIAGE EXHIBIT” (Pls. see attached. Please inquire for BG Text instructions)

3.)  Signed Irrevocable Master Fee Protection Agreement and Non-Circumvention & Non-Disclosure Agreement (IMFPA & NCNDA

4.) Proof of Funds (POF) for INITIAL COST, ONLY. (The 16% Settlement Fee does not require POF)- Upon release of the seller's Commitment Letter, the funds used to create the SBLC or BG are IMMEDIATELY blocked. For this reason, as a qualifying requirement for APPROVAL, the buyer MUST show their IMMEDIATE READINESS to pay the INITIAL COST percentage for the face value of the SBLC or BG. The following documents may be submitted: 

Bank Comfort Letter (BCL) OR

An official Tear Sheet or Bank Statement. OR

An Authority to Verify (ATV). 

To accompany the POF, a Letter of Readiness or Direction should also be submitted to reflect that the Buyer is ready to move forward with the INITIAL COST dollar amount that is reflected in the POF.

The POF may be sanitized showing only the last four digits of the account number.

IMPORTANT POF NOTIFICATION 

TO PROVE BUYER "READINESS", 

ALL APPLICATIONS MUST ACCOMPANY PROOF OF FUNDS FOR THE INITIAL COST AMOUNTS WHEN SUBMITTED.

All POF docs to accompany a Letter on the Buyer’s Letterhead directing the INITIAL COST amount indicated to the SBLC /BG acquisition on behalf of the Seller (Provider). If the Buyer has an S&P, Moody’s, or Fitch credit rating, the POF requirement may be omitted. Please provide the credit rating for Seller consideration.

Alternative Funding will submit the above documents to the Provider through the Provider's Representative.

(TO SEE "EXHIBITS" (SAMPLES) FROM PROVIDER, CLICK)

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_____________________________________________________________________________________

Our Provider’s  (Seller) APPROVAL Process:

(CLIENT SBLC/BG application documentation to be submitted through Alternative Funding; the Administrative Facilitator.)

1.)    SBLC & BG PURCHASE - CLIENT APPLICATION (MOST items, 1 through 3, listed below, are submitted via the SBLC & BG Client Application. 

SBLC & BG Application Exhibit click internal://0c34e597-2ca4-4fe7-a6cb-1cfbf3b24b4c) 

company full information, including name, address, registration number, POF, description of its operation, business volume, etc. 

2.)     Name of the authorized representative of the company for this transaction, (CIS/KYC) his telephone number, email address, and a color copy of the passport, Corporate Resolution from the Board of Directors.

3.)     Bank name and address of the CLIENT´S Receiving/Funding bank and the bank officer's name involved his telephone number and/or email address.

The “Receiving/Funding Bank” MUST be Approved by the Provider. The Receiving Bank MUST have an S&P, Moody’s, or Fitch credit rating of BBB+ or higher. The Receiving bank Must be located outside of Singapore.

4.)  The above will be sent to our legal staff for the CLIENT'S APPROVAL.

5.) Upon APPROVAL, the PROVIDER will issue the following: 

a.) Transaction Commitment Letter 

b.) MT799, MT799 Reply, & MT760 Text Verbiage Exhibits

A Corporate Resolution might be required depending on how the transaction is structured. If so, Alternative Funding can provide a template at the Client's request. 

(TO SEE "EXHIBITS" (SAMPLES) FROM PROVIDER, CLICK)

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6.) CLIENT sends the INITIAL COST amount for the SBLC or BG to cover the above items that the INITIAL COST is to be used for. The INITIAL COST is sent to the PROVIDER’S Attorney Trust Account as stated in the Transaction Commitment Letter in order to initiate the procedure. (The Provider is currently using an Attorney's Trust Account to receive the INITIAL COST AMOUNT. Most of the time, the Attorney Trust Account will be an IOLTA account.

(SCROLL DOWN TO LEARN ABOUT "VETTING" THE PROVIDER AND TRUST ATTORNEY BEFORE PAYING THE INITIAL COST.) 

7.) The PROVIDER'S ISSUING BANK then transmits the MT799 to/ for the SBLC or BG.

8.) The CLIENT'S Receiving/Funding bank receives the MT799 describing the transaction and the CLIENT'S Receiving/Funding bank responds stating its willingness with MT799 (Reply) to receive the MT760 (SBLC) for the instrument and "after authentication", funds the SBLC or BG for the benefit of the CLIENT (For TEXT verbiage, please refer to MT799, MT799 Reply, MT760 “TEXT EXHIBITS”.)

9.) AFTER the MT760 (SBLC or BG) is delivered to the Receiving/Funding Bank, a Settlement Cost amount equal to 16% +2% of the face value of the instrument is to be PAID. The 16% + 2% must be “GUARANTEED” to be paid to the PROVIDER’S bank within FOUR (4) BUSINESS DAYS “after” receiving MT760 (SBLC) for full and final settlement cost.