SCB issues a USD 102k Documentary Letter of Credit (DLC) to enable the sale of plastic scrap from Belgium and Spain to Vietnam
Amount:102,000 USD
Instrument:60 days DLC
Type:MT-710
Receiving Bank: Commercial Bank of Ceylon, Sri Lanka
SCB facilitates the sale of garments from China to South Korea via issuance of a USD 1M Standby Letter of Credit (SBLC)
Amount:1,000,000 USD
Instrument:1 year SBLC
Type:MT-760
Receiving Bank: Bank of China
Soleil Chartered Bank (SCB) is an international trade finance institution created to manage and solve global trade finance documentary needs. With a world-wide scope, SCB provides global trade finance solutions to Banks, Brokers, Corporations and Individuals. SCB financial instruments are used by traders, companies and individuals to meet required trade finance needs.
MAGIC is the world's largest fashion marketplace showcased semi annually in Las Vegas and attended by every community in the retail industry convenes in Las Vegas to spot and shop the latest trends in apparel, footwear, accessories and resources.
SCB Letters of Credit facilitate transactions between apparel manufacturers, buyers and sellers securely while adhering to the latest banking rules and regulations.
SCB representatives will be available at their exhibit booth in the Sourcing pavilion located in the North Hall of the Las Vegas Convention Center.
MAGIC 2016 - Las Vegas, USA
August 14th - 17th
The information supplied in this newsletter does not constitute financial advice and you should seek independent advice before undertaking any financial transactions based on information supplied herein. Soleil Chartered Bank does not accept any liability whatsoever for any loss or damage suffered or incurred as a result of your relying on information or material published in this newsletter. We aim to keep our newsletter up to date with current financial rules and regulations. We seek to uphold the highest standards.
Credit Capability for Real Estate Tranactions
An SCB financial instrument is a great tool for a real estate buyer looking to enhance his/her financial capability in order to successfully complete the transaction.
For instance, recently one of SCB’s client was interested in acquiring a piece of real estate to be used as a small shopping complex. Upon agreement of the sale price with the seller, the buyer was seeking between sixty and ninety days for closing. In order to secure exclusive rights to purchase until closing, the buyer needed to demonstrate a certain level of financial ability. After reviewing the economics of the transaction, SCB was able to provide the buyer with a temporary credit line while the buyer arranged permanent financing from a traditional lender. The seller then allowed the buyer the ninety days needed to arrange the closing.
What is the correspondent bank you will use to deliver my instrument?
private bank. Once we know your beneficiary bank we can answer that question with a rather clear route. Through our RMA network we have the ability to reach over 1,200 banks.
Do you have an RMA / SWIFT relationship with my bank?
Soleil has the ability to directly exchange RMA with your bank. With only a few pieces of information provided by your institution.
