There are three types of Bank Guarantee/ Stand bye Letter of Credit Monetization settlement methods accepted in the market, we offer Bank to Bank.
We accept and can monetise both leased and owned (purchased) instruments.
We use the Bank SWIFT Network to have the Bank Guarantee (BG)/Stand bye Letter of Credit (SBLC) delivered Bank to Bank using SWIFT MT799 followed by SWIFT MT760 as standard. However more and more of the major banks just go straight for the MT760.
Loan to Value (LTV) depends from rating of issuing bank.Estimated Completion Time14 – 21 Days after all documents are signed and verified or 8 to 10 Days After Instrument has been delivered, received and accepted on the SWIFT network.
Skynet Invetments Limited requires clients meet key standards and pass compliance in order for us to consider working with them. We do not accept all clients because doing business with EC is aunique Privilegegiven solely to real, genuine, authentic clients,not a Rightthat is attainable by all.
We solely deal with real deals, real people and real Leased or Purchased Bank Guarantees (BG) that need real Bank Guarantee Monetization. The Bank SWIFT Network is the Gold Standard that validates that your Leased or Purchased Bank Guarantee (BG) or Stand bye Letter of Credti (SBLC) is real and it provides a respected industry platform where guaranteed settlement can be facilitated.
1. After execution of the Deed of Agreement by both parties the Client will instruct his bank to send SWIFT MT799 to the bank coordinates provided by the Monetizer.
2. The Monetizer’s bank on receipt of the SWIFT MT799 from the client’s bank will reply with a SWIFT MT799.
3. On receipt of the Monetizers bank SWIFT MT799 the Clients bank will deliver the BG/SBLC by SWIFT MT760 to the Monetizers bank.
4. Upon receipt, confirmation and delivery of the SWIFT MT760 the Bank Instrument Monetizer will within maximum 10 banking days grant a Non-Recourse Loan for the LTV as agreed from its nominated bank to the Client.
5. The Monetizer agrees to return the Bank Instrument unencumbered 15 calendar days before the 1 year and 1 day anniversary of the signed contract between the parties.
In order for you to get started please download the Skynet CIS for Monetisation, complete and send to info@skynetinvestments.com .
We will follow up sending you our SKYNET NCNDA.
With that in place we have done our KYC and we will send you our Service Agreement for Monetizing Bank Instruments.
By then we have a Pre-approval for your request in place, we will get you the Deed of Agreement (DOA) .
The process will start after the first payment of due diligence is made.
NB! Changes may occur without warning!
WE WORK THROUGHT OUR BANKS AND OUR OWN CREDIT LINES, IN ORDER TO CONTINUE THE CUSTOMER MUST KNOW THAT HE MUST PAY EQUAL TO 2% OF INSTRUMENT FACE VALUE SENT AS A DEPOSIT ON THE TRANSACTION AND COSTS RELATIVE TO THE DISCHARGE OF THE INSTRUEMENT SENT.
Skynet Investments Limited
The Black Church , St. Mary's Place, Dublin 7, D07 P4AX Ireland
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