What do you need to borrow genuine and verifiable Prime Bank collateral?
The consent of your bank to issue a conditional bank payment can make you a qualified client for this concept. You need the support of your own bank to provide you with a conditional bank payment for the borrowing and lending fees of the collateral instrument. The consent from the client’s receiving bank is absolutely essential. If a client’s receiving bank is prepared to issue or endorse any of the conditional payment methods: ICPO, conditional SWIFT MT 103, conditional DLC SWIFT MT 700 or an unconditional Promissory Note endorsed by the receiving bank, then your transaction can be acceptable. So here is the most important question: Will you get any of these conditional instruments issued or endorsed by your receiving bank?
And then, there is the requirement of the receiving bank’s commitment to return the instrument!
If you will get the conditional payment instrument issued or endorsed by your receiving bank, but you do not have the agreement of your receiving bank to provide a confirmation for the safe return of the collateral after the agreed term, you can possibly still qualify to receive this guarantee instrument collateral service. In that case, you have an option to insure the risk of “not returning the instrument”. You will have to pay two point five percent of the face value of the instrument before the transaction is started and the collateral is provided.
What makes you qualified to have a no front fee transaction?
If it can be assumed that your bank will issue the conditional payment for the lending fees, you are an established company of substance with annual revenues in excess of the face value of the instrument that you seek and your last year’s revenues have been audited by an internationally recognized top 50 audit firm then you can even have a completely No-front fee transaction!
You do not have to pay anything in advance since the Facilitator advances the fees for any qualified client.
- The delivery of the financial instrument is on the basis of payment against delivery and verification,
- If the BORROWER’s own company will receive the BG or SBLC and if it is of substance,
- If the borrower has an active commercial business,
- accounts are available and have been audited by a major audit firm
- Annual revenues in the past fiscal year, are equal to the face value (or more) of the guarantee instrument that is requested.
“Who pays the commitment and call option fees to reserve the securities that will have to be purchased for your transaction”?
The Facilitator advances these fees for any qualified client! This makes this facility an absolutely no front fee transaction for any qualified BORROWER.
But if the receiving bank has not confirmed their readiness to issue the conditional payment undertaking at the time the Business Support Contract is submitted for consideration then the Securities Reservation Fee of Euro 30,000 will have to be placed with the Facilitator against invoice to start the transaction and to have the Business Support Contract countersigned upon receipt of the payment in the Facilitator’s account. If this method does not suit you, you can use an alternative method as described here!
The payment is guaranteed!
The call option fee is guaranteed by the facilitator’s local on-shore company in case a transaction cannot be served after all. The Call Option will be returned if the borrower or client has complied with the terms of the contract, and there will be no questions asked.
This is probably the only way you can expect a third party to provide you with valid and fully verifiable financial collateral guarantees for an agreed upon period of time!
We prefer to work with qualified clients with good banking relation to leverage a client’s financial possibilities. Chances to materialize a transaction can be very high if your company is already of substance and you want to extend your immediate investment capacity. If you would like to discuss any of these options, please use the reply form, or call 00353860325153.
This number also works on Whatsapp, Signal, Telegram and WeChat.
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