SCB Recent Success...
SCB issues a USD 1M Standy Letter of Credit (SBLC) to facilitate the export of automotive tools and accessories from China to Brazil.
Amount:1,000,000 USDInstrument:1 year SBLC
Type:MT-760
Receiving Bank:Ping An Bank, China
SCB provides a USD 3.5M Standby Letter of Credit (SBLC) for a major American beef processor.
Amount:3,500,000 USD
Instrument:366 day SBLC
Type:Hard Copy
Receiving Bank:Lawyer/Trustee
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.
SCB Upcoming Presence...
The SCB Director of Trade Finance will be in Shanghai from March 14 – 20. Anyone looking to meet with a Soleil Representative who cannot come to New York City, we can set up appointments in Shanghai. Email info@soleilbank.com with the subject line “Meet in Shanghai” The exact time will be confirmed in an email correspondence.
SCB Merchant Banking Services...
Real Estate CollateralLenders funding real estate projects provide cash based on the liquid value of the underlying real estate. Typically, a property will have enough equity in it to secure the working capital loan that is required. Sometimes, the lender may ask for further collateral or the property may not have enough equity to meet the collateral requirements. In those cases, an SBLC provides a great avenue of secondary collateral to the lender to feel comfortable in giving out the loan. Our instruments can be used for securing capital for motels, hotels, corporate offices, malls and everything in between.
Can an SBLC help me with refinancing?
Normally an SBLC does not help with refinancing. However, the Soleil team does have experience in helping companies and, at times, individuals refinance business properties. Our vast network includes a group of lenders offering refinancing solutions. At the moment this service is for US properties only.