THE BULLETIN: May/June 2016

SCB Recent Success...

SCB issues a USD 500k Standby Letter of Credit (SBLC) to enable the sale of construction supplies from Indonesia to South Korea

Amount:500,000 USD
Instrument:1 year SBLC
Type:MT-760
Receiving Bank:PT. Bank Central Asia, Indonesia

SCB issues a USD 720k Documentary Letter of Credit (DLC) to facilitate textile production in Bangladesh

Amount:720,000 USD
Instrument:90 days DLC
Type:MT-710
Receiving Bank:Mega International Commercial Bank, Taiwan

About: Soleil Chartered Bank

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.

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SCB Upcoming Presence...

Mumbai, India

The SCB Director of Trade Finance will be in Mumbai from June 12 – 17. Anyone looking to meet with a Soleil Representative who cannot come to New York City, can set up appointments in Mumbai. Email info@soleilbank.com with the subject line “Meet in Mumbai” The exact time will be confirmed in an email correspondence. Our Mumbai office is located at 75, Jolly Maker Chamber II, Nariman Point, Mumbai, India - 400021.

SCB Future Growth...

We are pleased to inform our subscribers that in tandem with our relationships with banks, applicants and beneficiaries we are growing are RMA network. We wanted to thank all those that have helped us establish RMA’s throughout the world and look forward to continue growing our RMA list. An increased RMA list helps quicker delivery of instruments!

If you believe you can provide support in establishing RMA’s please email us at info@soleilbank.com with the tag line “RMA”. We are open to establishing RMA’s with most banks.

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How long does it take to issue an instrument?

Our issuance process typically takes a week from application submission to instrument issuance. This process includes KYC/AML due diligence procedures, verbiage approvals and routing information by means of advising banks.

Once the instrument is issued, depending on the RMA network, delivery can be the very same day. Typical delivery times are around two to three days. Each case is unique but we aim to provide transparency in each step of the process.

Contact  Us

 Our Offices 

Romania Trade Correspondence Office

Phone# : + 4021-335 09 50
Phone# : +40 735 55 4054
Email: info@soleilbank.com

Address: Bd.Libertatii Nr.6, Bl.116 Ap.13, Sc.1,
040128, St.4, Bucharest, Romania
Reg: Union of Comoros

USA Trade Correspondence Office

Phone: +1 646 415 8261
Email: info@soleilbank.com

Address: 55 Wall St, Suite 530 New York, New York
United States of America 10005
Reg: Union of Comoros