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Showing posts with the label MT760 Blocked Funds Transaction

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...