Purchase Bank Instruments - Wealth Genix Inc.

How to Purchase Banking Instruments such as Bank Guarantees (BG) and Standby Letter of Credit (SBLC).

You can purchase Bank Guarantees (BG) or Standby Letter of Credit (SBLC) is issued by World Top Rated Banks. We use the International Bank SWIFT.com Network to have clients Purchase Bank Instruments delivered (Bank-to-Bank) using SWIFT MT799 followed by SWIFT MT760. We operate a reliable, efficient delivery and authentication process that includes Independent Verification on:

Swift.com – After all parties have signed the Purchase BG or SBLC Deed of Agreement (DOA), we then deliver the SWIFT MT799 followed by SWIFT MT760 to your bank coordinates. Our entire process is protected and monitored by our Independent Trustee and Industry Veterans to guide you every step of the way.

Advantages of purchasing a BG/SBLC from Multistream International:

Our owned Bank Guarantee or Standby Letter of Credit are issued from Top Rated World Banks, such as HSBC PLC UK and Barclays PLC London.

Purchased Bank Guarantee (BG) or Standby Letter of Credit (SBLC) are available in Euro or USD Currency under 3x layers of protection.

Purchase Rates starting from 38+2 and up to 48+2 depending on the contract size and purpose of the instrument.

We offer various purchase options with either an small initial security deposit which is 100% Protected under Bank Escrow until MT799/MT760 is fully authenticated and verified by the receiving bank, which is then totally refunded once the instrument is verified and paid.

We also offer $0 upfront transmission fee options available to clients who can provide sufficient KYC/CIS and Proof of Funds (POF).

Face to Face meetings or secure video conference with our BG/SBLC specialists and legal mandate/representative of the principal provider.

All KYC/compliance documents are carefully prepared for approval.

No Projects and No Personal or Corporate credit checks required.

LOI/Term Sheet delivered within 48 Hours of application.

MT799 Pre-advice included followed by BG/SBLC bank verification.

SWIFT Delivery of MT760 direct to your nominated receiving Bank.

Up to 2% Commission Paid to Brokers or 1% each side.

All owned Standby Letter of Credit (SBLC) or Bank Guarantees are Fresh Cut (FC) and meet International Chamber of Commerce (ICC) protocols.

Client has 5-to-10 banking days to pay the agreed purchasing bank fees.

Brokers & Consultants:

Fees are 100% Protected with NCNDA/IMFPA Paymaster Agreement

2% Broker Commission or 1% Fee (open) on all successful applications

Estimated Completion Time:

The SWIFT MT760 is normally Delivered 2 to 5 Days after the Issuing and Receiving Bank exchange SWIFT MT799’s or ultimately, the total timeframe all depends on which purchasing option you choose to follow?

BG/SBLC LEASE AND PURCHASE PROCEDURES Due to an alarming increase of Fake SBLC Providers demanding upfront security deposits to be placed into IOLTA or Escrow/Trust accounts; here at Multistream International, we DO NOT require any upfront transmission fees or security deposit and we highly recommend to our client’s not to engage with any company or individual that requires any upfront payments.

In order for a successful transaction, please follow and adhere to the following procedures; as the issuer does not entertain any other third-party procedures:

Client provides complete CIS/KYC for due diligence and compliance

After a successful due diligence and compliance, provider issues DOA

Once DOA is counter signed by both parties (Client first); both parties will lodge the CONTRACT with their respective banks;

After lodging the contract with respective banks, client bank sends secure bank email to issuing bank for Acknowledging the Contract, Readiness, Approval of MT-760 Verbiage.

Issuing bank sends the Pre-Advice via SWIFT MT-199 or SWIFT MT-799 to client’s designated bank.

Designated receiving bank replies with “BANK PAYMENT UNDERTAKING” via SWIFT MT199 or SWIFT MT799 to issuing bank.

Issuing bank delivers “STANDBY LETTER OF CREDIT/BANK GUARANTEE” VIA SWIFT MT-760 to client’s designated bank.

Upon validation and authentication of the delivered “STANDBY LETTER OF CREDIT/BANK GUARANTEE” MT760, within FIVE (5) banking day, client settles payment per contract invoice to issuer’s designated account.

Please contact us for more information.