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At the LionHeart we have the ability to issue Bank Guarantees, Standby Letter of Credit, Proof of Funds, Certificates of Deposit or Block Funds for PURCHASE These instruments are all cash backed and issued from the top 15 Western European banks. The currency can be United States dollars or Euro.

  PURCHASE CASH BACKED INSTRUMENTS FROM 50% +2%

ISSUED FROM TOP 15 WESTERN EUROPEAN BANKS

 

PROCEDURES

1.     Provider and Receiver execute, sign and initial a Deed of Agreement /Financial Agreement with CIS, passport copy, full banking details (including issuing bank details), which thereby automatically becomes a full commercial recourse contract after buyer's application has been accepted by the seller. After the Agreement has been countersigned by Provider within 24 hours, the both Parties will lodge the contract with their respective banks. 

2.     Then, the Provider instructs his/her bank officer to send Pre-Advice via MT-199 or MT-799 (ANNEX "A') to the   Receiverís bank to request a confirmation on the ReceiverĎs instrument capability and readiness to receive the SBLC via MT 760. Provider sends to Receiver via email four documents (1. SWIFT application with bank stamp, 2. Receipt of SWIFT fee, 3.  Bank officer name card, 4. SWIFT copy with bank stamp).

3.     After receipt of SWIFT MT799/199 for SBLC from Provider, Receiver will get guarantee to issue SWIFT MT 799 (ANNEX B) to the Providerís bank, confirming that the full payment will be made to the Providerís designated account upon receipt of the SBLC via MT760 in favor of the Receiver or his designated beneficiary for the price and fee by IMFPA. Receiver sends the SWIFT copy to the Provider by mail.

4.     After receipt and verifications of SWIFT MT 799 from the Receiver, the Provider will request his bank to deliver the  SWIFT MT 760 (ANNEX C) to the Receiverís bank or his designated beneficiary and provide a courtesy copy to the Receiverís mail. 

 5.     Then Receiver's bank will send SWIFT MT 768 to confirm the maturity date of the Instrument to the Providerís bank. The Providerís bank replies to confirm the maturity date of the Instrument by SWIFT MT768 to Receiver's bank. The Receiverís bank will authenticate and verify SWIFT MT768. Then, if positive, the Receiver will make the payment settlement within Five (5)~Seven (7) banking days by SWIFT MT103 wire transfer of the total BG/SBLC cost of 50%+2% of face value to the nominated banks accounts of Seller and /or facilitators.

6.   All subsequent tranches will be based on the same procedures until funds become exhausted.

7.     Within 7 banking days after receiving full settlement, the hard copy of the instrument will be sent to the Receiverís bank by bank-bonded courier.

 

 

APPLICATION TO BUY AN INSTRUMENT

 

For assistance at anytime please contact us during our normal business hours 9am to 6pm GMT at +447786432043 or Skype at LIONHEART.GROUP

 

Cautionary Advice Ė please note that these instruments are best suited to professional individuals or organizations. The PROCEDURES AND PRICES are always SUBJECT TO CHANGE WITHOUT PRIOR NOTIFICATION. At LionHeart we provide the facility but we offer no advice on how to use such instruments. We suggest at you seek professional advice if at any time you are not certain about the use of these instruments. Finally you must prove you have the funds to cover all costs related to the transaction and show PROOF OF FUNDS or provide a Bank Commitment Letter.