Leasing of London///
Your Bank Guarantee Leasing Company
 

Leasing of financial Instruments

Transaction Explanation

 

 

What can we do for you?

We are able to deliver bank instruments, bank guarantees or Standby Letters of Credit, to any bank of good standing. Leasing fees and any broker commission is paid only after the delivery of the instruments to the receiving bank.

 

The Instrument

It is emitted based on a “clean” verbiage without controlling feature. Bank Guarantees and Standby Letters of Credit are cash backed and can be discounted, monetized and engaged into PPP Trading in line with the contracts between you and the providing institution. We can use the word “Assignment” in the contract instead of the work “Leasing”.

 

The Bank issuing the Instrument

Only prime banks like HSBC Bank, Barclays Bank, Deutsche Bank, located in major international financial centres are used to issue the bank instrument via SWIFT MT 799 and SWIFT MT 760.

 

Use of the instrument

With a bank instrument you can establish line of credit with your bank or secure loan for your projects in which our bank instrument can serve as collateral in your bank to fund your business or project.

 

General Procedures of the Transaction

Bank instruments are emitted in the form of a BG (Bank Guarantee) or SBLC (Standby Letter of Credit) to your nominated bank coordinates strictly in adherence with the full set of procedures and the complete leasing package.

 

Do you qualify?

To find out, you will have to fill in and complete the Preliminary Application form available on this website. Your answers to these questions have to be sent to us in an unlocked version. We will screen your application and if you pre-qualify, we will issue a complete leasing package which typically contains the Principal Agreement, LOI, FPA and CIS. These documents will be sent to you for your review and approval. After you have aproved the contract, it will be execurted by the providing institution. The signed documents will be  forwarded to you. The contract will cover all the information of the provider, and these documents will include the bank co-ordinates of the bank that will finally issue the instrument and the nominated account for the escrow of the transmission charges. To start to the transaction, you will proceed with the transfer of the transmission charges to be escrowed.

 

The Leasing Fee

The leasing fee depends on the actual face of value. It is listed in the section Transaction Description. We secure commission for brokers. .

 

The Bank Fees

SWIFT- and bank transmission fees need to be put on escrow once the contract is accepted by the providing institution. Bank fees occur when transmitting the instrument and they are marginal. Bank transmission charges depend on the face value of the instrument. Typically these fees are less than 0,2%. Any of the institutions we chose, will issue a notarized, signed and sealed Corporate Refund Recourse Undertaking to guaranty refund of all bank charges. These and other documents confirmed by the provider will be lodged in the issuing bank. But you get these charges back! The refund is carried out by deduction from the Leasing Fees when the instrument is being paid, or at the Lessee’s choice, the issuing bank refunds money within 7 days after transmission and payment of the bank instrument. In a case an institution fails to issue on time, the issuing bank will refund such fees. This arrangement is confirmed by the issuing bank before you escrow any such fees.

 

The Force Majeure Clause

We have arranged for a Force Majeure clause to protect the client which states that any delay or failure of performance by either party of their respective obligations under this agreement shall pay 1% as penalty. So should the provider fail to deliver the instrument to you after paying the transmission charges, you have a right to claim the penalty for the Force Majeure which is 1% of the actual face value of the instrument/contract. Full information and a better understanding of the contract terms and procedures and the Force Majeure protection provides the relevant documentation Terms and Conditions, which is available on this website.

 

 

 

 

 

 

 

NOTICE: We are not involved in their uses at the beneficiary's end and we give no warranty that these instruments can be used as described, and we are not responsible if the client cannot use the bank instrument after it is issued. Our responsibility ends once the bank instrument is issued. We work on a full-disclosure basis and it is important that our clients fully understand that such bank instruments can be used strictly in compliance with the Deed of Agreement and the general terms as stated on this website.

 

NOTICE: This website is for general information purposes only. It should not represent any sort of professional advice, or an offer to buy, or an offer to invest, or a recommendation to engage in leasing of financial instruments. This website does not provide professional financial advice of any sort. By reading this website, you confirm that you are a qualified investor. All information presented on this website is subject to change without notice. Any concept described here is subject to availability at time of contract. All terms and warnings of our Disclaimer apply to this page and the entire website.

(C) 2013 - 2017 by Leasing of London