SCB Recent Success...
SCB issues a USD 500,000 Documentary Letter of Credit (DLC) to enable the sale of Solar Panel Systems from Sharjah, UAE to Rio de Janeiro, Brazil for a Solar Photovoltaic Project.
Amount:500,000 USD
Instrument:6 month DLC
Type:MT-710
Receiving Bank:Commercial Bank of Dubai, UAE
SCB issues a USD 2,000,000 Standby Letter of Credit (SBLC) to serve as collateral for petroleum transactions in China.
Amount:2,000,000 USD
Instrument:181 days SBLC
Type:MT-760
Receiving Bank:HSBC Bank, Hong Kong
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.
Our Disclaimer: 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.
Dubai, UAE
An SCB officer is currently in Dubai, UAE until August 14th 2017. Anyone looking to meet with a Soleil Representative who cannot come to New York City can set up appointments in Dubai. Email info@soleilbank.com with the subject line “Meet in Dubai.” The exact time and place will be confirmed in an email correspondence.
SCB In The World...
India
At $2.45 trillion in nominal GDP and $9.49 trillion in purchasing power parity (PPP) India's economy ranks sixth and third in the world respectively. With a GDP growth rate of 7.2%, the Indian economy has the potential of becoming the third-largest in the next decade, and one of the two largest by mid-century.
According to World Trade Organization statistics, Indian exports are estimated to be valued at $262.3 billion for FY 2016. As an SCB client you are now able to take advantage of this booming foreign trade via issuance of our Documentary Letters of Credit (DLC) or Standby Letters of Credit (SBLC) to virtually any bank in India. Contact an SCB representative for more information.
How do I stay updated regarding SCB news and services?
We now have a brand new website, www.soleilbank.com, where you can access a variety of information including our application forms, contact information and all the latest news regarding SCB.
Please do not forget to check the website regularly to stay updated regarding our client portal coming soon.