1. Following execution of the Bank Instrument Monetisation Contract by both parties, the Client will instruct their bank to issue a SWIFT MT799 to the bank coordinates provided by the Monetiser.
2. Upon receipt of the Client’s SWIFT MT799, the Monetiser’s bank will issue a corresponding SWIFT MT799 in reply.
3. After receiving the Monetiser’s SWIFT MT799, the Client’s bank will deliver the Bank Instrument (BG or SBLC) via SWIFT MT760 to the Monetiser’s bank.
4. Once the SWIFT MT760 is received, authenticated and confirmed, the Monetiser will issue the agreed Non Recourse Loan for the approved LTV within a maximum of four banking days, disbursed from their nominated bank to the Client.
5. The Monetiser agrees to return the Bank Instrument (BG or SBLC) in full and unencumbered fifteen calendar days prior to the one year anniversary of the contract date between the parties.
Important Notice Regarding Instrument Return
Our contracts require the Monetiser to return the Leased Bank Instrument (BG or SBLC) to the issuing bank no later than fifteen calendar days prior to the expiration of the Bank Guarantee. This requirement is standard across most Leased Bank Guarantee issuers and is a critical condition that must be satisfied to ensure compliance and the uninterrupted standing of the instrument.
