NEW DEVELOPMENTS IN LENDING BG/SBLC BUSINESS

 

1) FEES REDUCED FROM 11%~13%, as on Euroclear, TO 9% ONLY BY SOME BANKS for Fresh-cut, 100% Cash-Backed BG/SBLCs, especially by HSBC, Barclays and Duetsche Bank etc..

 

2) SOME BRANCHES OF HSBC, BARCLAYS & SOME OTHERS ISSUING BG/SBLCs FRESH CUT 100% CASH-BACKED BG/SBLC PRIVATELY.

 

3) ALL PAYMENTS OF FEES AND COMMISSIONS WITHIN 5 WORKING DAYS AFTER RECEIPT & VERIFICATION OF BG/SBLC AT YOUR BANK.

 

BANK TO BANK BASIS.

 

6) BG/SBLC can be cancelled by the issuing bank, if your bank does not pay a total of 9 + 3=12% Fees & Commissions within 7 to 15 working days AFTER receiving and verifying the BG/SBLC.