Pickpol Financial Services

PICKPOL

PICKPOL Financial Services

Pickpol Financial – A Global Trade Finance & Investment Firm is one of the leaders in providing innovative and structured international trade finance solutions aimed at accelerating your international trade flows, mitigating risks associated with overseas trade, better cash flow, and achieving business goals. We offer trade finance services including standby letters of credit and Bank guarantee from our Head Office in Bolivia and Representative Offices in Chile, US,UK, UAE, Hongkong and Singapore, we aim to provide a whole new global finance assistance experience to clients in the industry with the facility of choosing the most appropriate options as per their requirements. Our experienced team of financial experts & business professionals covers a range of global trade finance solutions & services for corporates across Europe, the Americas, and Asia-Pacific.

Financial Instruments:

SBLC – Standby Letter of Credit- is a guarantee of payment by a bank on behalf of their client in which the bank fulfils payment obligations by the end of the contract if their client cannot. The Standby LC is based on a contract between two business partners.

Types of Standby Letters of Credit Message Type 760 (SBLC –MT760)

Performance SBLC: Ensure the non-financial contractual obligations (quality of work, amount of work, time, cost, etc.) are performed in a timely and satisfactory manner. If these obligations are not met, the bank will pay the third party in full.

Financial SBLC: Ensure financial contractual obligations are fulfilled. Most SBLCs are financial.

Are often required when performing international trade or other large purchase contracts under which other forms of payment protections (such as litigation in the event of non-payment) can be difficult to obtain.

Bank Guarantee/ BG: With a bank guarantee you can cover performance and payment obligations – for example, when submitting tenders or signing contracts, making advance payments, securing credits, or delivering goods made on open-account terms. In the case of a bank guarantee, the bank commits to pay a specific amount to the beneficiary if the principal fails to furnish a guarantee for an agreed performance or payment.

Bank Guarantees are widespread across the globe and are used in domestic and international transactions. Bank guarantees are also a sound argument in negotiations because a bank will only issue a guarantee after thoroughly verifying the principal’s creditworthiness and ability to deliver.

WE ARE DIRECT PROVIDERS OF FRESH CUT BG-SBLC

We provide Fresh Cut BG & SBLC

And these financial instruments are specifically for lease and sale, we always deliver on time and precision as Set forth in the agreement. You are at liberty to engage our leased facilities into trade programs, project financing, Credit line enhancement, Corporate Loans (Business Start-up Loans or Business Expansion Loans), Equipment Procurement Loans (Industrial Equipment, Air crafts, Ships, etc.) And many more, Our Terms and Conditions are reasonable

DESCRIPTION OF INSTRUMENTS:

Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
Total Face Value: 100M MIN to 50B MAX USD or Euro
Issuing Bank: HSBC, Barclays, Deutsche Bank Frankfurt, UBS or any Top 25.
Age: One Year, One Day
Leasing Price: 10+ 2%
Sale Price: 50+2%
Delivery by SWIFT.
Payment: MT103-23

Issuance Procedure:

The receiver is required to submit online form and upload their documents (CIS for approval, which should include a clear color passport copy, incorporation certificate, tax certificate, and other relevant documents for verification)
Once verification is cleared Client will get DOA for fill up and the terms and condition should be followed accordingly. Some case we need RWA /POF from client’s bank to our issuing Bank. The SBLC Receiver/ beneficiary should send their bank’s RWA/POF from the bank’s secure email to our issuing Bank & a cc to [email protected]
The provider will verify the issued RWA/POF and return the MT 799 pre-advice.
The receiver/beneficiary bank can verify the pre-advice/SWIFT MT 799 and reply with BPU.
The provider will verify the issued BPU and send the SWIFT MT 760 (SBLC) to the beneficiary bank.
The receiver bank will verify and pay the committed ratio of SBLC price via SWIFT MT 103 cash transfer within 10 days, as per the contract.
The provider will verify the SWIFT MT 103 and send the SBLC hard copy to the receiver if needed.

Please note that there are no upfront or transmission charges for this SBLC transaction, so the receiver must provide their capacity finance for a smooth deal.

If you have any doubts or require advice, please Contact us today for all your financial instruments and business finance/development.

+56 9 5692 7812

[email protected]