How does SBLC get monetized?
Monetization of an SBLC refers to the process of making money out of the Bank Instrument (SBLC/BG) after a process of heavy and long reviews/analysis/scoring by the Bank. It can be quite a long process and discouraging that is why you might require the expertise of a Financial Expert such as the professions at Bongyan Finance Limited. The only way to monetize the SBLC by going through this process, no other way, so talking to an expert, and one with years experience is paramount.
Now, back to the question “How Does SBLC Get Monetised?”.
Standby Letter Of Credit (SBLC) can be monetised but it is a very discrete process. Only a well-represented client, with experts such as those from Bongyan Finance Limited, can receive loan credit facility based on SBLC as collateral.
Banks would rather deal with clients that have been introduced by seasoned financial consultants whom they have dealt with for years when it comes to Monetization of an SBLC.
Bank Guarantee (BG): No. It is not a Payment Guarantee. It is a Performance Guarantee and only claimable based on default(s) agreed. If none, then the BG can not be claimed.
If you are seriously considering obtaining an SBLC, BG and looking to further monetize then please get in contact with us and start your process the smart way. if you need to know more about How does SBLC get monetized? send us mail we will provide the best answer you are looking for Thanks for reading. hope to see you read more of our posts