$NVOS @novointegrated
It's my understanding that this process typically takes between 15 to 35 days, and we are currently in the final stage. Additionally, they have the option to use the $78 million for further leverage, although it's uncertain whether they will choose to do so.
Non Recourse Loan via bank instrument monetization is made possible by way of monetizing bank guarantee or standby letter of credit for cash or project funding. Monetizing a bank guarantee or standby letter of credit is becoming common and can be done in as little as 15 days. Many people refer to this as BG/SBLC funding or bank instrument financing since you are obtaining cash by the SBLC or bank guarantee. This process allows you to:
A: Monetize instruments for cash
B: Monetize instruments for private placement programs.
What is Bank Instrument Monetization?
Bank Instrument Monetization is the process of converting a bank instrument, especially standby letter of credit (sblc) or Bank Guarantee (BG) into cash or legal tender.
If you want AAA rated bank guarantee (BG) or standby letter of credit (SBLC) to obtain a loan, secure a contract or for trade finance, import & export transactions
Standard Bank Instruments Monetization TermsBank Instruments to be monetized can be owned or leased
Transaction turnaround time normally 35 working days or less
Brokers and intermediaries must have a legally binding agreement
In brokers and intermediary transactions, contact to be between principals after initial introduction
Bank Financial Instruments Monetization ProcessComplete Recourse Loan & Non-Recourse Loan Monetization of Leased Bank Guarantee (BG) for the intention of Project Funding.
Our SBLC/BG monetization rate is 80% LTV and and the BG/SBLC will be issued by top AAA rated banks such as HSBC Hong Kong, Citi Bank New York, Barclays Bank London, Credit Suisse etc.
As already mentioned, the BG/SBLC will be issued by either HSBC Hong Kong or Barclays bank London. These are prime banks. We only work with AAA rated banks, we do not work with unrated banks because bank instruments from unrated banks are worthless, useless and also they cannot be monetized, that is the advantage of using a premiere bank instrument provider.