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Showing posts from April, 2018

WHAT IS STANDBY LETTER OF CREDIT (SBLC): AND HOW TO USE IT

Entering into a commercial or financial transaction always involves certain risks for the seller or the financier. The most serious risk is that of not being paid. There are many methods available to help ensure payment. One such method is through the use of a letter of credit. The letter of credit substitutes the credit of a third party, usually a bank, for that of the buyer or debtor. In transactions in which a commercial letter of credit is used, the bank agrees to pay the seller for the goods sold, usually upon presentation of a document stating that the goods have been received by the buyer. In transactions in which a standby letter of credit is used, the bank agrees to pay the financier if the debtor defaults upon his obligation to pay. In both cases, the seller or financier is assured of payment, provided the conditions of the letter of credit are satisfied. Upon payment by the bank, the buyer or debtor is obligated to reimburse the bank. Three legal relationships exist in a...

Martin Burns (IOM) Limited steps in where traditional banks are unwilling or unable to operate

Over millions of people lack access to basic financial services. Without credit or savings, many people cannot get loans to start businesses or improve their living conditions. That's where Martin Burns (IOM) Limited Comes In Martin Burns (IOM) Limited Provides access to credit which empowers people to invest in themselves and their future. The smallest of loans can create income generating businesses, send children to school, buy medicine and nutritious food, or fix a leaky roof. LOANS NOT AID By providing fair loans instead of aid disbursements, Martin Burns (IOM) Limited are a sustainable, long-term solution. Today’s Martin Burns (IOM) Limited is largely based on offering a Genuine Loans on a 3% interest rate annually. Local field officers work with small groups of borrowers where collective responsibility serves as collateral to safeguard the loans. Filling the gap Martin Burns (IOM) Limited steps in where traditional banks are unwilling or unable to operate. Bo...

The mythologies of SBLCs

There is one particular myth that pervades mostly from the United States which says: “There is no way to monetize SBLCs or Bank Guarantees… Anyone who suggests otherwise is simply fraudulent”. This form of Funding for Large Projects has been going on in Asia and Europe for decades. It seems that Americans don’t understand what they don’t know. And if they don’t understand it, then it’s easiest just to believe a myth. We also call this cognitive dissonance. But to suggest that ALL BANK GUARANTEE AND SBLC MONETIZATION IS FRAUDULENT, is taking things a bit too far. Usually the person making that statement went onto the Internet and Googled “SBLC Monetization” for instance and found an article that said all Instrument trades are scams. And everyone knows you should believe EVERYTHING you see on the Internet right? So we just want to dispel that myth immediately here right now. THAT is simply a false statement. And we’ll outline the Easiest way to monetize an instrument. The Easies...

Financial Instrument, MT799 & Bank Guarantees

MARTIN BURNS (IOM) LIMITED is an expert in the Monetization of Bank Guarantees (BG) and Standby Letter of Credit (SBLC). Over the years, we have built long term, trusted and reliable direct relationships with proven providers and monetizers who offer a complete range of Non-Recourse Loan programs where our bank guarantee and standby letter of credit can be monetized for Cash Placed into Trade Programs PPP (Private Placement Programs) or a Hybrid for immediate cash and funds in a Trade Program. BG and SBLC that can be Monetized include bank financial instruments from Top rated AA Bank Instruments with high monetery values. We Provide Non-Recourse Loans from top rated AA Bank against Bank instruments as a security to the loan, we are also running a program on Non-Recourse loan where we merge both BG provider and Lender together in favour of the Borrowers who do not have BG or collateral for the loan, this program is specifically to provide BG (Collateral) to those clients that do not hav...

MT799, MT760, MT710, OUR RECENT DEAL CART

The below is our recent deals in Bank Guarantees. At Martin Burns (IOM) we are bank insider INSTRUMENT TYPE: DOCUMENTARY LETTER OF CREDIT (DLC) ​COUNTRY: EGYPT / TURKEY BANK: NATIONAL BANK OF EGYPT, CAIRO EG DESCRIPTION: GRADE A EGYPTIAN BEANS, ADVISING BANK - UNITED BANK, MESSAGE TYPE: MT710 INSTRUMENT TYPE: PAYMENT GUARANTEE MT760 ​COUNTRY: LIECHTENSTEIN / PORTUGAL BANK: VP BANK, LIECHTENSTEIN LI DESCRIPTION: CREDIT ENHANCEMENT FOR INVESTMENT PROJECTS IN PORTUGAL, MESSAGE TYPE: MT760 INSTRUMENT TYPE: DOCUMENTARY LETTER OF CREDIT (DLC) ​COUNTRY: UNITED KINGDOM BANK: HSBC BANK PLC, LONDON, GB DESCRIPTION: FROZEN FISH AND RICE, ADVISING BANK - BANK NEGARA LONDON BRANCH, MESSAGE TYPE: MT710 INSTRUMENT TYPE: PAYMENT GUARANTEE MT760 ​COUNTRY: GERMANY / PANAMA BANK: COMMERZBANK AG, FRANKFURT DE DESCRIPTION: CREDIT FACILITIES FOR REAL ESTATE DEVELOPMENT IN PANAMA, MESSAGE TYPE: MT760 Loans/Project Funding Deals South Africa * SAHOL PETROLEUM SOLUTION: 500 MILLION USD (FOR ESTABLIS...