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Can Someone Explain To Me How Leasing Of SBLC Takes Place
Posted: Thu Jun 11, 2015 4:44 pm
by Elijah Wambua
Can someone explain to me how leasing of SBLC takes place. My concern is where does the leasor draw his comfort by giving me a 100% SBLC without security (as he only charges me maybe 5% of the value)?
Regards,
Elijah
Posted: Thu Jun 11, 2015 7:54 pm
by Sergey
Did they ask you to sign some promissory notes or personal guarantees?
I heard about...
Posted: Fri Jun 12, 2015 1:24 am
by picant
Hi Pal,
I heard about these transactions SBLC vs SWIFT MT 103 with field 23. I think this is used in bonds, stocks etc to enhance the current value and for great amounts.
Other comments appreciated
Ciao
Posted: Mon Jun 15, 2015 6:53 pm
by Elijah Wambua
Sergey wrote:Did they ask you to sign some promissory notes or personal guarantees?
Yes they asked me to sign promissory notes.
Posted: Mon Jun 15, 2015 6:56 pm
by Elijah Wambua
Yes they asked me to sign promissory notes.