CTC
INVESTMENT trading & FINANCING Agent
Skype: htoruno • E-Mail:
CTC’s Rented SBLC Program
The collateral can be transferred to the client’s bank account with either the traditional inter-bank procedures or the new Collateral First via MT 760 SWIFT. The new procedure applies to Standby Letters of Credit, Bank Guarantees and Direct Pay Letters of Credit for 12 month periods only. Certificates of Deposit are not included in the Collateral First via MT 760 SWIFT procedure.
Minimum of $10 million instrument.
The cost is 20% for the use of the collateral for one (1) year, 30% for 5 years, CDs are only available for a one year term.
The issuance fee respective to the procedure requested needs to be deposited in Escrow to cause the issuance of the instrument (step 5 below)*
INTER-BANK “GREY SCREEN” PROCEDURE *(See Attached)
Contracts are prepared, reviewed and signed. Monies are released in order to block the cash, create the instrument, assign the ISIN & CUSIP Numbers and place the instrument on DTC/Euroclear; all of which will be done contractually within 15 international banking days
COLLATERAL FIRST VIA MT760 SWIFT PROCEDURE *(See Attached)
Contracts are prepared, reviewed and signed. Monies are released in order to block the cash, create the instrument, Within 15 International Banking days, we will have the instrument swifted to thebeneficiary bank.
Balance of the prepaid interest for use of the collateral to be paid immediately after delivery.
PRICING
Standby Letter of Credit Pricing
10M USD $ or EURO € SBLCs 50M+ USD $ or EURO € SBLCs
Applies to only 10M USD $ or EURO € SBLCs Applies to 50M+ USD $ EURO € SBLCs
7.25% Issuance & Delivery Fee5.25% Issuance & Delivery Fee
12.75% Balance due after delivery14.75% Balance due after delivery
Total = 20%Total = 20%
Example: 10M USD Standby Letter of Credit Example: 50m USD SBLC
Issuance & Delivery Fee 7.25%=$725,000 Issuance & Delivery Fee 5.25%=
12.75%=$1,275,000 after delivery $2,625,000
14.75%=$7,375,000 after delivery
Bank Guarantee Pricing
10M USD $ or EURO € BGs 50M+ USD $ or EURO € SBLCs
Applies to only 10M USD $ or EURO € BGs Applies to 50M+ USD $ EURO € SBLCs
7.25% Issuance & Delivery Fee 5.25% Issuance & Delivery Fee
17.75% Balance due after delivery19.75% Balance due after delivery
Example: 10M USD Bank Guarantee Total = 25%Total = 25%
Issuance & Delivery Fee 7.25%=$725,000Example: 50m USD Bank Guarantee
17.75%=$1,775,000 after delivery Issuance & Delivery Fee 5.25%= $2,625,000
19.75%=$9,875,000 after delivery
(4.25% Issuance & Delivery Fee for Grey Screen Procedures with Balance due after deliver)
(AML will hand to client a sanitized escrow and contract once a consulting fee has been executed)
*Rates, terms and procedures are subject to change without notice.
MT760 First Procedures
Issuance and Delivery Procedures for financial instruments which are callable,
Lien able, transferable and assignable which can be used as default collateral to
support an underlying transaction.
1. Client completes and submits application for services and wires $5000 application fee t to have
Agreements and the escrow deposit created to lender.
2. Engagement Agreement, Escrow Agreement and Letter of Intent are created and sent to client.
3. Client executes engagement agreement & escrow agreement and wires remaining balance of the
(7.25% for a 10m instrument, 5.25% for a 50m or larger instrument) to the escrow attorney.
Lender receives verification of wire from the escrow attorney. (see pricing)*
4. Contracts are drawn and delivered to client for execution.
5. Contracts are executed.
6. Issuance fee’s for the instrument (7.25% for a 10m instrument, 5.25% for a 50m or larger
instrument) which was sent to the escrow agent, is then released to enable Lender to complete
steps 7 – 9 with banking coordinator(s).
7. Lender orders/reserves the cash to create the instrument
8. Lender orders the creation of the instrument from the issuing bank
9. Issuing bank sends the instrument to client’s recipient bank per contract
11. Client receives instrument into a bank where he has a credit facility to
pay for the remainder of the fees for the instrument via irrevocable payment instructions.
12. Client’s bank or Client pays the fees per the irrevocable
payment instructions. (5-10 international banking days)
13. Client has received in their account a loaned instrument* with a value
of $10M or $50M+ ($US or Euros), enabling them to be able
to use cash to support their respective underlying transaction, credit facility or loan.
Footnote: Instrument* = SBLC, BG
*Rates, terms, and procedures are subject to change without notice.
Inter-Bank Collateral Procedures
Issuance and Delivery Procedures for financial instruments which are callable,
Lien able, transferable and assignable which can be used as default collateral to
support an underlying transaction.
1. Client completes and submits application for services and wires $5000 application fee to have
Agreements and escrow deposit to the lender
2. Engagement Agreement, Escrow Agreement are created and sent to client.
3. Client executes engagement agreement & escrow agreement and wires remaining balance of the
4.25% to the escrow attorney. Lender receives verification of wire from the escrow attorney.
4. Contracts are drawn and delivered to client for execution.
5. Contracts are executed.
6. Issuance fee’s for the instrument (4.25%) which was sent to the escrow agent, is then released
to enable Lender to complete steps 7 – 10 with banking coordinator(s).
7. Lender reserves the cash to create the instrument
8. Lender creates the instrument from the issuing bank
9. Lender registers the instrument with EUROCLEAR/DTC and issues copies to client
11. Client’s Banker with Grey-Screen (Inter-Bank) Access verifies the instrument with
the instrument certificate number according to step by step instructions which we provide.
12. Client Signs the Corporate Repayment Guarantee and the Irrevocable
Payment Instructions for the interest due for the use of the collateral for the term in front of
his/her banker who either avales or seals (notarizes) the documents (Bank Avaled Documents
Preferred).
13. Client’s bank can take delivery of the instrument upon Lender’sReceipt, verification and approval of Bank Avaled or Bank SealedIrrevocable Payment Instructions and full banking coordinates for recipient bank.
14. Client receives instrument into a bank where he has a credit facility topay for the remainder of the fees for the instrument.
15. Client’s bank or Client pays the fees per the irrevocablepayment instructions. (Typically 5-10
international bankingdays)
16. Client has received into his/her account a loaned instrument* with a valueof $10M - $500M ($US or Euros), enabling them to be able to use cash to support their respective underlying transaction(s).
*CD LOANS ARE AVAILABLE FOR 12 MONTHS ONLY *Rates, terms, and procedures are subject to change without notice.
SUBMISSIONS: Please email Proof of Funds for the required insurance fee, CIS FORM, Corporate Resolution, Color Copy of Passport, 2-4 Page Executive Summary of Project (Including Exit Strategy of loan), For Grey
Screen Procedures please also send LOI or conditional commitment from lending bank to .