Monetization Program

Monetizing bank instruments is the process or an act of liquidating such instruments by converting them into legal tender/ Cash.

 

We are exclusively working with reputable network of Lenders/Monetizers/Firm which maintains an open line of credit with several banks.. And are specialized  in monetiizing / discounting callable and verifiable cash backed Bank Financial Instruments, providing collateralized non-recourse loan (no payback).

Required Financial Instrument 

 

Ø  BANK GUARANTEES

Ø  STANBY LETTERS OF CREDIT

Ø  BLOCKED FUNDS

Procedure

 

• Client submit application package (KYC) for the monetization program.

 

• Monetizer evaluates and due diligence within seventy two hours.

 

• Upon approval monetizer issue contract which require client to fill and return within forty eight hours.

 

• Contract countersign and both parties lodge in their respective banks.

 

• Client proceeds with the swift process immediately as indicated in the contract.

 

Swift Delivery

 

BG/SBLC

 

Client issuing bank sends pre advice via swift MT799/MT199 acknowledging capacity to swift bank financial instrument.

 

Monetizer receiving bank verifies and issue BCL/ICBPO via swift MT799.

 

Client issuing confirms and proceeds swift language via MT760 as agreed in readiness for monetization.

 

Monetizer receiving bank authenticates financial instrument and release monetization funds.

 

Client issuing bank sends Hard copy.

 

Blocked Funds

 

Client issuing bank sends pre advice via bank e-mail acknowledging capacity to swift bank financial instrument.

 

Monetizer receiving bank verifies and response via bank e-mail  readiness to receive.

 

Client issuing confirms and proceeds swift language via MT199 as agreed in readiness for monetization.

 

Monetizer receiving bank authenticates financial instrument and release monetization funds.

 

Client issuing bank sends Hard copy.