1. For your information and other clients, in addition to the normal
monetization of cash backed bank instruments, we are doing a
project funding program (attached overview) that is a non-
recourse loan for clients with qualified projects that may work for
some situations. The provider is not the same as the lender, but
one that we use in London. Lender knows the provider as one of
three registered bank instrument provider that he does business
with. Not selling, just providing information. If no interest, please
PROJECT FUNDING PROGRAM FOR QUALIFIED PROJECTS
We are offering a project funding program for a client seeking
project funding as non-recourse for qualified project(s) for a one
tranche or multiple drawdowns with large contract and multiple or
series of tranches. We are preparing contracts for the lender and
for the collateral provider. Projects with executive summary,
business plan, marketing plans, financial plans, etc. will be
submitted to and reviewed by the Lender and his Lending bank,
and if approved, the client will thereafter secure bank collateral
which will be used to secure the funds requested. Client will pay
for the cost of this bank collateral and all associated fees from the
non-recourse loan proceeds. There is no payback of the loan
DETAILS AND REQUIREMENTS:
Collateral Face Value: Min 10M USD/EURO. No max, but
case by case basis.
Funding amount: Min 4M USD/EURO. No max, but
case by case basis.
Lender’s Bank: DEUTSCHE BANK AG, LONDON, UK
Provider’s Issuing Bank: BARCLAYS BANK PLC, LONDON, UK
Security Deposit Required: For Bank Collateral -
$/EUR250,000 FOR 10M-75M - $/EUR500,000 FOR 80M-500M
subject to change and as specified by collateral provider at time
2. of request.
Purchase Price: 35% + 2% (THIRTY-FIVE PERCENT
PLUS TWO PERCENT)
Funding Amount: 77% APPROXIMATELY – as final
contract states by funder.
Arrangement Fee: 5% (FIVE PERCENT) to arranger. From
this 1% will be allocated to forwarding broker(s) if there are no
other arrangements, which will be confirmed by the client.
1. Client submits project information, such as business plan,
executive summary, project summary, and a proof of funds
for the security deposit and the application for monetization.
2. Lender reviews and approves or rejects the application. If
approved, client signs the Lender’s MOU contract and receives
an approval for funding.
3. Client signs BG/SBLC/MTN bank instrument collateral
contract with collateral provider.
4. Provider delivers pre-advise MT799 to the lender’s
receiving bank. Copy of the swift provided to client.
5. Lender notifies the provider that the MT799 was correctly
received. Copy of this acknowledgement provided to client.
6. Client pays the refundable/deductible security deposit to
the provider’s nominated account. Wire receipt copy provided
by client to provider, and provider acknowledge receipt and
clearance of funds.
7. Provider delivers the MT760 bank instrument to the
lender’s receiving bank. Copy of the swift provided to client.
3. 8. After five to seven banking days, the lender delivers the
full funding amount via MT103 as non-recourse to the Client’s
account, minus any bank or associated fees.
9. Client pays the provider for the cost of the bank
instrument and the consultant for the collateral contract.
Security deposit is deducted from this amount. Paymaster or
Cash management system may be utilized.
10. Client pays the 5% arrangement fee.
11. If client has a contract and desires additional tranches of
non-recourse loan, the process of steps 7-10 are repeated.
NOTE REGARDING LOAN TERMS AND CONDITIONS: The loan
funding is stated as “LOAN” on bank documents and swifts, and it
is a Recourse loan with a repayment of one year one day with 5%
interest rate, but when the client/borrower pays for the required
bank collateral (standby letter of credit –SBLC) which is
monetized from the bank provider, and the bank provider
acknowledges this payment as being received, cleared and paid in
full, the Recourse Loan then reverts to a Non-Recourse loan with
no repayment, no interest, and both the Client and the Lender
after that time will no longer have any contract obligations,
unless the contract stipulates additional tranches to fulfill the
contract amount. Should the borrower not pay for the bank
collateral as required, regardless of the status of the loan, the
funding will be recalled using available channels such as:
regulatory authorities, apex / central banks, banks, IMF, FBI, US
Treasury, ECB, Interpol, etc. The Client will also be forced to pay
legal, bank fees, and penalty to the provider and the lender.
Subject to change at any time.
For more information contact lender/FC bank provider
representative: SGT @ K.K. Group, New Delhi, India Contact us
at Skype ID: live:sgt.kkgroup or Email us at ID: