Monetization of Bank Instruments

Monetization of Bank Instruments

Monetization of Bank Instruments

In order to monetize a Bank Instrument you must be in possession of the instrument and it must be verified prior to monetizing.

HEFFX has developed relationships with some of the Top banks in the world to Monetize Bank Instruments for clients worldwide by arranging the monetization against owned bank instruments such as BG’s (Bank Guarantees), LOC’s (Letter of Credit), SBLC’s (Standby Letter of Credit), CD’s (Certificate of Deposit), and other banking and financial instruments.

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This form of financing can be used in combination with our cash backed stand by letter of credit (SBLC) or Bank Guarantee (BG) Program in order to monetize the newly created document to obtain the right funds for project financing.

Monetizing bank instruments is the process of liquidating such instruments by converting them into legal tender. We can monetize or lend on just about any bank instrument to be used for project funding, move them into various trading platforms quickly and easily, as well as creatively incorporating them into financing certain development projects. We can monetize CD’s, SBLC’s, DPLC’s, BG’s and MTN’s. This can be accomplished in 30-75 business days.

Monetizing a SBLC or stand by letter of credit is becoming rather common and can be done in as little as 45 days. Many people refer to this as SBLC funding or SBLC financing since you are essentially obtaining cash on the basis of the SBLC or bank guarantee.

This process allows you to:

Monetize instruments for cash
Monetize instruments for buy/sell platform entry
Monetize instruments for both cash and buy/sell platform entry

HEFFX facilitates the monetization of the following:
Bank Guarantees
SBLC
MTN
Certificate of Deposit
Blocked Cash

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Bank Instrument Monetizing Program Highlights:

$2 Million plus
The letter must be from a rated institution.
Must contain the following 5 phrases: ”Irrevocable”, “divisible”, “transferable”, “assignable” and “unrestricted”.
1-3 year term
Interest only loan
300-450 basis pts over prime rate
Bank fees apply
30-75 day closing
75-85% of face value advance

REQUIRED DOCUMENTATION

The most important element part of the documentary package is the documentation that acts as security and proof that the exporter is the beneficiary to a debt that is collectable on a specified date. It is integral that trade firms and exports strive to only accept secure negotiable instruments, which are unconditional, irrevocable and freely transferable, as evidence of the debt. Instrument such as these are sold without recourse, which gives the exporter the beneficial option of selling them and effectively removing themselves from any further involvement with the financial aspects of the transaction, eliminating risk and burdens of administration and collection. Thus in order to assist in the monetization of your Bank Instrument we require:

CIS
Account opened and funded
Board Resolution Copy
Initial Letter of Interest & Exclusive Request of Service
Asset/Funds Ownership Declaration
Non Solicitation Letter
Authorization To Verify & Authenticate
Funds Attestation
Affidavit of Funds History
Letter of Exclusivity
Request For Information & Assistance
Letter Of Confirmation
Both Side of Passport Copy (Color Copy)
SWIFT MT 760/799/999/700/543/542 Confirmation Letter.
BCL Confirming Bank Instrument Issuing Terms
Bank Instrument Color Copy
BCL Confirming Authenticity Of The Bank Instrument
Geological Report [if asset backed]
Income Tax Paper
Valuation Report [if asset backed]
Legal Report [if asset backed]

We work almost exclusively on a success fee ONLY basis. Our success is contingent on your success and that’s why our business is so successful, has so many happy customers and is so Highly Respected.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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