Monetisation of SBLC’s/BG’s
Non-recourse or Recourse Monetisation
There are 3 types of Bank Guarantee/ Stand bye Letter of Credit Monetization settlement methods accepted in the market, we offer Bank to Bank.
The funding facility can monetise both leased and owned (purchased) instruments.(Upon Approval).
The bank officer uses Network to have the Bank Guarantee (BG)/Stand bye Letter of Credit (SBLC) delivered Bank to Bank using SWIFT MT799 followed by SWIFT MT760 as standard. However more and more of the major banks just go straight for the MT760.