Tuesday, July 9, 2013

Effects of Malaysia's Credit Squeeze on the Housing and Stock Market

Malaysia’s current Household debt problem is not the result of our government’s recent policies to encourage private expenditure. In actuality the current debt problem has been accumulated from the past 15 years. The history of Malaysia’s Household debt can be traced back to 1997 where the household debt to GDP was only 39% then. This was also the year Malaysia is engulfed by the Asian Financial crisis.

Since then Malaysia embarked on an expansionary fiscal and monetary policy which led to an expansion of credit and also the proliferation public projects so as to extract its economy out of the recession. During the Asian Financial Crisis in 1999 Malaysia’s GDP per capita felled to $3653.83 compared to $4043.64 recorded in 1998.  However since then as the expansionary policies worked its way into the economy, Malaysia’s GDP per capita risen as a result. This can be shown by the following graph on Malaysia’s GDP per capita since 1995.


To encourage the private sector to spend, lending procedures are relaxed and interest rates are held low. As a result of the increases in both private and public expenditure, Malaysia’s GDP recorded a fourfold increase in 2012. In 1999, Malaysia’s GDP was valued at $72.175 billion and has since risen to $303.53 in 2012. This can be shown by the following chart.

 

However, the credit expansion brought about by our government earlier has led to a further increase in the household debt. As of 2010 Malaysia’s household to GDP debt has reached 78% where more than 55% of the loan concentration is in the mortgage market and 23% into the automotive market. And in 2012 the ratio went up to 83% which represents an increase of 13% from 2011.

Our next question is what contributed to our record Household Debt?

  1. False Expectation of improved economic conditions brought about by our Government. We have mentioned many times in our previous articles that our Government has been painting a false picture on the real condition of our economy. With the aid of the media we are led to believed that our economy is growing at a healthy pace (GDP growth of 4.1%), our stock market is resilient, our housing market is healthy and sustainable (no bubble yet) due to the increasing rural to urban migration of the workforce and so on.

  1. The easy availability of credit in the past and the lack of supervisory on the part of Bank Negara had led to an enormous build-up of the private sector debt. We shall present again the following chart which we have already mentioned in our last article titled ‘Is our GDP growth a Hoax?’
The following is the chart for the total debts by the private and Government sector as of 2011.

Debt
Domestic
Foreign
Total
Public
438
18
456
Private
749
239
988



Given the GDP of RM 860 billion we can then proceed to calculate the Debt/GDP ratio of both the public and private sector. The table below summarizes the ratio of domestic and foreign debts held by the public and private sector.

Debt
Domestic
Foreign
Total
Public
51%
2%
53%
Private
87%
28%
115%








From the above we can conclude that at the present moment the private sector poses a greater risk to financial default than the public sector. This is due to the fact that the private sector is much more exposed to any downside risk, arising not only from size of the debt (87%) but also its exposure to foreign debt (28%). Large exposure to foreign debt is risky because it is subjected to movements in foreign currency (US$ in this case) or external systemic market risk.

The movement of the US dollar creates currency risk or what we called ‘Foreign Exchange Exposure’ in Treasury terms. Foreign Exchange Exposure refers to the risk associated to a decline in a country’s currency. Currency depreciation can have the effect of reducing a company’s profits due to increased cost in imports or loss due to the higher repayments of loans denominated in US dollar.

How big a loss associated with currency movement depends on our Ringgit. On the negative node our country is currently running a ‘Twin Deficits’. Twin Deficits refers to a situation when we are having two economic problems at the same time (Budget Deficit + Balance of Trade Deficit). Twin deficits are known to create havoc in an economy by accelerating the decline of a country’s currency and in this case the Ringgit. So, obviously the risk of default in our private sector has certainly increased due to the problems coming in from multiple fronts.   

  1. A boom in the Housing and Stock Market. The boom in the housing and stock market for the past couple of years has increase the risk appetite of investors. Somehow they reckoned they have found a way to make money without putting much work. To them making money can be as easy as sitting in the stock market and pressing some buttons or flipping some real estates. Hence this led to many of them holding to a portfolio of 3 to 4 houses which risked being wipe-out should there be a serious downturn in the real estate market.  

  1. A strong response from the private sector especially from the business community to increase their exposure to debt due to the expectation of better times ahead.



Problem with ARMs Mortgage

Another problem we are facing is that about 80% of the loans given to the housing market are in the ARMs (Adjustable Rate Mortgages) category which is also known as ‘teaser loan’ in the U.S. To lure prospective borrowers, banks offered very low initial repayments (such as BLR – 2 to 4%) during the first 3-5 years. Once that duration expires or resets then borrowers will have to start paying higher mortgages. That’s where the nightmare comes in.

For example, a RM 200,000 loan with tenure of 20 years, the initial repayment can be as low as RM 800 a month. When the 3-5 years period expires, the loan will be automatically resets to higher interest rates, probably (BLR + 0%) and repayment will be more than RM 1000 per month.  One thing to remember is that ARMs is one of the major contributors to the U.S Housing meltdown. The following is the U.S Monthly Mortgage Rate Resets.




As can be seen above, the U.S housing crisis is yet to be over as the mortgage resets will continue beyond the year 2015. As for Malaysia our total housing loans has risen to MYR 222.2 billion from about MYR 25 billion in 1996.
Below is the chart for the housing loans to GDP as from 1996 to 2011.





It shows that the outstanding housing loans has been on the rise since 1996 and reached MYR 222.2 billion in 2011 or around 26.1% of GDP, up 11.8% from a year earlier.

An oversupply of Housing?
According to C.H. Williams Talhar & Wong, there is an oversupply of high-end condominiums in Malaysia especially in Kuala Lumpur, Johor Bahru, Kota Kinabalu, Kuching and Penang. The following chart shows the relationship between the housing approval and oversupply.





The over-supply of high-end condominiums remains a concern while a further 2,300 units of high-end condominiums will be completed in 2012, half located in the Kuala Lumpur City Centre (KLCC).

In total, around 54,557 properties were unsold at end-2011, down 2.3% on the previous year, and down 34.9% from the 2004 peak of 83,811 units. There was a 62.3% decline in house launches during the year to Q4 2011. It clearly shows that the housing market is already softening since the end of 2011. Moreover, we also received reports from real estate agents complaining that high-end properties (over MYR 1 million) are very sticky or difficult to sell.

Bank Negara Malaysia’s new measures

We are certainly living in interesting times. Fundamentally, our economy is weak. Our exports are plunging, our trade balances and deficits are negative and the only things that are going up are our companies bankruptcy that is on record territory, stock market, consumer spending, inflation, private and public debts. It seems like things are moving in opposite directions. Positive economic indicators are moving down while negative economic indicators such as inflation and household debts are moving up.  

In view of our credit expansion problems, Bank Negara Malaysia (Central Bank of Malaysia) is implementing the following measures to curb the excessive debt incurred on the private sector namely the Household and Housing sector with immediate effect (06/07/2013).  

  1. Reducing tenure of housing loans from 45 to 35 years
  2. Limiting tenure of personal loans to the maximum of 10 years.
  3. Prohibition of offering pre-approved personal financing products.

Before we address the effects of the above measures, we would like to digest what Bank Negara hoped to achieve with the above measures. In short, Bank Negara is trying to reduce the banking sector’s exposure to real estate and personal loans. In trying to do so, it is employing a strategy known as ‘shortening of maturities’. This can be literally translated in plain English as ‘the government is more concerned with short term instability than promoting long term growth’. In part, these measures we believe are also directed towards resolving our big budget deficits and Government Debt to GDP problem. Again these problems are due to our excesses in the past few years of credit expansion.

So how will the Government going to fix this problem?  Our Government hoped that by reducing the credit, it will help reduce domestic consumption on consumer goods and real estate and at the same time try to expand the exports. This in time will helped reduce the trade balance due to the increase in exports and decrease in imports. By this our Government hoped to help built a sounder economy with a better income foundation and lesser debts.

However along the way a lot of people are going to get hurt due to the credit squeeze but there is no other choice if we want a transition to a better and more sustainable economy. Hopefully, more resources will be directed towards the more efficient part of the economy such as building more plants, better infrastructure, modernising production facilities or anything that can help the economy to make real products which can be used for domestic consumption or exports which will in turn earn foreign exchange. Our next question is will it work?

Will it work?

It appears that Bank Negara is definitely worried on the banking sector’s exposure to real estate. Any big downturn in real estate prices will definitely have profound effects on the economy. Among them are unemployment resulted from the construction related business and also the growth of NPLs in the banking sector. Below are the problems that may arise as a result of the latest measures.

Limitations to Monetary Policy – Long Lag

Central Banks have always been prudent in their approach towards the economy and that is the main problem. Sometime they waited too long before they act or when the problem is evidently long in its tooth. The slow response may be due to the problems associated with monetary policy implementation and they are the long-lag response and genie out of the bottle response. Monetary policy such as increasing the interest rate to counter inflationary pressure might take 6-9 months to work its way into the economy. If they waited until the inflationary effect is visible to us then it is already too late because the inflationary effect has already accelerated too much and the interest rate increase will have not much effect in contracting the economy.

Similarly to what is happening in Malaysia. Bank Negara should have taken action many months ago to stem the borrowing to the private sector and not waited until the problem becomes obvious. Now when they starting to take action, the genie is already out of the bottle and it is all but one hell of a difficult task to stuff the genie back into the bottle. The above measures will only have effects on new loans, how about the old ones?

Problem with our Shadow Banking System

This I would like to point out that as in many other countries we also have two different banking systems. One is called the formal banking where their operations are regulated by Bank Negara and the other one is the informal banking which is unregulated by Bank Negara. The informal banking system or Shadow Banking System consists of lending from private money lender and credit companies, inter-company loans, corporate bonds and loans by investment companies

Due to the current credit squeeze those who are unable to qualify for loans in the formal banks will turn to the informal banks. There are already a lot of evidence of individuals and SMEs and even developers are getting loans from the informal banks where maturities are short and interest rates are high. The problem is we do not know how large our informal banks are and what type of portfolios they are holding. Another problem is we do not know what sort of linkage or relationship between the formal and informal banks. If they are linked and if our real estate market were to collapse then the resulted decline in real estate prices will be serious, due to the following.

  1. There will be force sell of real estate financed by the informal banks. This self-reinforce selling will further depress the prices of real estate. This is the last thing our Government wants because when the informal banks start to liquidate their assets to raise cash then it will cause further downward pressure on the market.
 
  1. Informal banks may have got their funding from the formal banks. So any credit squeeze will certainly have effect on the operations of the informal banks which might force them to shorten the maturities, recall or totally freeze their loan operations.   

Without funds to finance their operations, many businesses may have to cease their operations. With the expected softening of the real estate market developers who have been snapping up land to build up their land banks will find it difficult to stay afloat. This can be shown with the following chart on bankruptcies in Malaysia from April 2011 to May 2013.



  
As from the two charts above, Malaysia recorded an increase in company bankruptcy. Total company bankruptcies reached a high of 1981 companies in April 2013. This is the highest ever number of bankruptcies recorded since January 1998. In view of the credit crunch we expect to see much more bankruptcies in the month ahead.  

Hence, such risk is real and is already happening. Credit squeeze means there will be lack of funds available to individuals and companies and hence liquidity. Since liquidity is the lifeline of both the housing and stock market, a lack of it will definitely have profound effects on them. Lacked of liquidity will cause seizing up of transactions because of the negative expectations on the economy will make people and businesses lee willing to spend, which eventually will drive prices down. Even before the implementation of the credit squeeze the housing market has already shown signs of weakness.

The Housing index refers to the residential construction activity during a period of time. As indicated by the housing index below, our residential construction activity has declined to 6% in the first quarter of 2013 from 12.2% recorded in the last quarter of 2012. It represents more than a 50% drop on a quarter to quarter basis. At 6% it brings us back to the level recorded in the early 2010 when our economy is just started to recover from the Global Financial Crisis in 2008. This big drop in housing activity certainly worries the authorities and which might be attributed to the over-leveraged consumers and also the peaking of the housing prices.

Housing prices in Tier-1 cities in Malaysia namely Kuala Lumpur, Penang and Johor Bahru has seen an unprecedented rise due to the easy availability of credit that resulted in a speculative frenzy. Any investment that is buoyed by easy credit especially housing and the stock market will eventually end up in a bubble. Despite numerous denials by our authorities the housing market in Malaysia has long been in a bubble.
 



As for the Stock Market we are saying it again. Sell and walk away. From the chart the market has been on the Distribution phase since 05/05/2013. We have drawn two lines that represent the distribution area and we will expect the market to breakdown from the lower line in the coming weeks. By then you will see an extremely volatile market.






Due to the credit contraction we are expecting a continuation of decline into the next few months. Any rebound will be another bear trap and we are seeing a much lower index in the next few weeks and month. In short we are BEARISH.


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We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed.

We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

The procedure is very simple; the instrument will be reserved on euro clear to be verified by your bank, after verification an arrangement will be made for necessary bank documents and stock testing expenses, the cost of the Bank Guarantee will be paid after the delivery of the MT760.

DESCRIPTION OF INSTRUMENT:
Instrument: Bank Guarantee (BG/SBLC).
Total Face Value: Minimum of 1M Eur/USD (One Million Eur/USD) to Maximum of 5B Euro/USD(Five Billion Eur/USD).
Issuing Bank: HSBC London, Barclays Bank, Deutsche Bank Frankfurt, Hong Kong, Any AA rated Bank in Europe or any Top 25 WEB.
Age: One Year, One Day
Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
Delivery: Bank to Bank SWIFT.
Payment: MT-760.
Hard Copy: Bonded Courier within 7 banking days.

All relevant business information will be provided upon request plus our terms and
procedures.

Email: goldencrow59@gmail.com

Name:Ashraf Billy

Skype:goldencrow59@gmail.com

Chowdhury said...

Project Funding & Financial Instrument Such as (BG/SBLC/MTN) For Lease & Purchase.

I am a financial consultant and have a very good and reputable Provider of some bank instruments we can only deliver SS/FC cash backed lease bank instrument {(BG/SBLC/LC/DC/MTN)} to you in accordance to our terms and condition. Our bank instruments can serves as collateral as the case may be, which will enable you get loans from your bank so as to embark on any projects such as Aviation, Agriculture, Petroleum, Mining, Telecommunication, Construction of Dams, Real estate, Bridges, Trading, Importing and exporting and Other Turnkey Project (s) etc.

Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will email you our terms and condition upon request.

Contact : Mr. Chowdhury Utpal
Email: chowdutpal@gmail.com
Skype ID: utpal.chowdhury73

BROKERS ARE WELCOME & 100% PROTECTED!!!

Chowdhury said...

We love helping companies reduce expenses and procure large credit facilities such as SBLC, BG, MTN and a lot more specifically for lease and sale

Our Instrument Stated Above Enhances Your Business Credit Quality and Loan Repayment Abilities. Fulfill Payment/Contacts Obligations, Fund Your Trade/Projects and Establish Trust with Your business Partners
We help Your Business In Tough Contractual And Financial Situations, Making People/Companies To Sign Contracts And Do Business With You Regardless Your Company’s Credit Rating

We have a guaranteed way for your business to cut operational costs and improve profitability, making more money for your business at no risk to you.

If you're ready to take your business to the next level contact us:

Regards,
Name: Utpal Chowdhury
Email: chowdutpal@gmail.com
Skype: utpal.chowdhury73

Nat Finance said...

We are able to finance your signatory
projects and help you enhance your
business plan. Furthermore, our
financial instrument can be used for
the purchase of goods from any
manufacturer irrespective of their
location. It can also serve as
collateral with any bank in the world
to secure loans for your project or to
activate credit line to finance your
business plan. We have {BG}, Standby
Letter of Credit {SBLC}, Medium Term
Notes {MTN}, Confirmable Bank Draft
{CBD},Monetize as well as other financial
instruments issued from AAA Rated bank
such as HSBC Bank Hong Kong, HSBC Bank
London, Deutsche Bank AG Frankfurt,
Barclays Bank , Standard Chartered Bank
and others on lease at the lowest
available rates depending on the face
value of the instrument needed.


Email : nat.mandate18@gmail.com
Skype : nat.mandate18@gmail.com


Regards
Nat

davy george said...

We are project funder with our cutting edge and group capital fund we can finance your signatory projects and help you to enhance your business plan, our financial instrument can be used for purchase of good from any manufacturer irrespective of location.  
We can help facilitate the financial service bank instrument SBLC /BG, We remain the best financial consulting company with years of experience in the international and local finance market. 

We have become the hallmark of excellent service in this industry with trusted and genuine FCA registered SBLC Providers who have truly succeeded in creating significant value for all clients and brokers involved in leasing or purchasing sblc.

DESCRIPTION OF INSTRUMENT:
1. Instrument: Bank Guarantee {BG} /StandBy Letter of Credit{SBLC} (Appendix A)2. Total Face Value: Eur/USD 1M{Minimum} to Eur/USD 10B{Maximum}3. Issuing Bank: AAA Rated Bank (Prime Bank).4. Age: One Year and One Day5. Leasing Price: 4% + 2%    Purchase Price : 32% + 2%6. Delivery: S.W.I.F.T MT-7607. Payment: MT103 (TT/WT)8. Hard Copy: Bonded Courier Service
We specialize in Bank Guarantee lease and sales.
Contact us for more details.
Email  info.fpfpuk@gmail.com
Name  davy George 

WRIGHT said...

Finding a genuine provider of financial instrument is very challenging but we are certified Financial Instrument providers in United Kingdom. Presently, we only focus on BG/SBLC for Lease and Sale transactions. However, our Lease BG/SBLC is 6+2% and Sale at 40+2%.

Should you find this interesting and acceptable? Kindly, contact us and we shall review and respond with draft Contract/MOU within 48hrs maximum.

Please request for full procedure details if interested.

For further inquiry contact:Wright James
Skype:
wrightjames931@gmail.com
Emai:
wrightjames931@gmail.com

WRIGHT said...

We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease, our bank instrument can be engage in PPP Trading, Discounting, signature project (s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffer driven offers.

We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

The procedure is very simple; the instrument will be reserved on euro clear to be verified by your bank, after verification an arrangement will be made for necessary bank documents and stock testing expenses, the cost of the Bank Guarantee will be paid after the delivery of the MT760,

DESCRIPTION OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A)
2. Total Face Value: Eur 5M MIN and Eur 10B MAX (Ten Billion USD).
3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank Frankfurt.
4. Age: One Year, One Month
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: Bank to Bank swift.
7. Payment: MT-103 or MT760
8. Hard Copy: Bonded Courier within 7 banking days.

We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me direct. wrightjames931@gmail.com

Regards,
Wright
Skype;
wrightjames931@gmail.com

Philip James said...

We are exclusive agent to direct providers of Fresh Cut BG, SBLC, MTN Bonds, Bank draft and Loans which we have specifically for lease. We do not have any broker chain in this offer or get involved in Chauffer driven offers. We deliver with time and precision as set forth in the agreement. You are at liberty to engage our leased facilities into trade programs as well as in signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges and any other turnkey project(s) etc.

DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A)
2. Total Face Value: Eur 5M MIN and Eur 10B MAX (Ten Billion USD) .
3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank Frankfurt.
4. Age: One Year, One Month
5. Leasing Price: 3% of Face Value plus 2% commission fees to brokers.
6. Delivery: Bank to Bank swift.
7. Payment: MT-103 or MT760
8. Hard Copy: Bonded Courier within 7 banking days.

The Leased Instruments includes: BG’ s, Insurance Guarantees, MTN, ( SBLC) Standby Letters of Credit and Third Party Guarantees such as a standby forward commitment to purchase or a standby loan. If you are a potential Investor or Principle looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with all the details regarding this services.

Our BG/ SBLC Financing can help you get your project funded, loan financing, please let me know if you are interested in any of our services, by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding.


BROKERS ARE WELCOME & 100% PROTECTED!!!

We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me direct.


Regards

Philip James
Email: info.frjames1971@gmail.com
Skype: info.frjames1971@gmail.com
call/sms/whatsapp +14243316469

Unknown said...

Thank you for sharing this information it has helped me to know more about CFO services india

Abel Chadwick said...

Are you an individual businessman or a business organisation that wishes to expand in business ??, we offer financial instrument such as BGs, SBLCs,MTNs, LCs, CDs and others on lease and sales at a rate of 4%+2% of the face value and reasonable conditionfrom a genuine provider. You are at liberty to engage our leased facilities into trade programs as well as in signatory project(s) such as Aviation, Agriculture, Petroleum, Telecommunication and any other project(s) etc.

Contact : Mr. Abel Chadwick
Contact Email: financedeskltd01@gmail.com
Whatsapp : +380 50 922 4887

With our financial/bank instrument you can establish line of credit with your bank and/or secure loan for your projects in which our bank instrument will serve collateral in your bank to fund your project.

We deliver with time and precision as set forth in the agreement. Our terms and Conditions are reasonable and we work directly with issuing bank lease providers, this instrument can be monetized on your behalf for upto 100% funding. Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.

All relevant business information will be provided upon request.

BROKERS ARE WELCOME & 100% PROTECTED!!!

If Interested kindly contact me via

Email:~ financedeskltd01@gmail.com

serious enquiry only.

Nat Finance said...

We are able to finance your signatory
projects and help you enhance your
business plan. Furthermore, our
financial instrument can be used for
the purchase of goods from any
manufacturer irrespective of their
location. It can also serve as
collateral with any bank in the world
to secure loans for your project or to
activate credit line to finance your
business plan. We have {BG}, Standby
Letter of Credit {SBLC}, Medium Term
Notes {MTN}, Confirmable Bank Draft
{CBD},Monetize as well as other financial
instruments issued from AAA Rated bank
such as HSBC Bank Hong Kong, HSBC Bank
London, Deutsche Bank AG Frankfurt,
Barclays Bank , Standard Chartered Bank
and others on lease at the lowest
available rates depending on the face
value of the instrument needed.


Email : nat.mandate18@gmail.com
Skype : nat.mandate18@gmail.com


Regards
Nat

Anum Faiz said...

If you are seeking a Bank Guarantee (BG), SBLC for Lease or Purchase, we are the best financial institution to help you to secure verifiable and easily monetized BG, SBLC and other financial instruments. we are a group of experienced bankers, seasoned brokers with years of experience in the financial instrument industry. We deal directly with reliable Providers of BG, SBLC, MT109, MT799, MT760, Sale and Lease of Financial Instruments issued by Top rated global banks.

Our procedure is TIME SAVING and transparent. With us, you can secure any denomination of BG / SBLC from 10M to 10B (EURO / USD) in time for use in Heavy / Light project financing anywhere in the world.

Basically, we are here to help you move your business to the next level.

Anticipating your interests,
Email:aafinancialconsultantltd.uk@gmail.com
Skype:d65e4bb0261e5ece

JOHN RIVERS said...

Are you INTERESTED in a genuine, fast, reliable LOANS with no hidden fees
from a private lender? Just 2.0% p.a, tailored with a flexible repayment
schedule to meet the borrower's need and also a grace period of up to 12 -
24 months.

We arrange business finance for companies of all sizes ranging from start-
ups to established corporations, belonging to a wide range of industries
such as real-estates, mineral resources, high-technology, oil and gas,
leisure & tourism, hospitals & nursing homes, chemicals & pharmaceuticals,
transport & utilities, renewable & sustainable energy, infrastructure etc.

NOTE: All replies should be forwarded and send to the e-mail account below
for quick response and further details regarding our rate, terms &
procedures.

Email: loan@hispanicfinance.com
Whatsapp: +1(912) 695-1658
Website: www.hispanicfinance.com

JOHN RIVERS said...

Are you INTERESTED in a genuine, fast, reliable LOANS with no hidden fees
from a private lender? Just 2.0% p.a, tailored with a flexible repayment
schedule to meet the borrower's need and also a grace period of up to 12 -
24 months.

We arrange business finance for companies of all sizes ranging from start-
ups to established corporations, belonging to a wide range of industries
such as real-estates, mineral resources, high-technology, oil and gas,
leisure & tourism, hospitals & nursing homes, chemicals & pharmaceuticals,
transport & utilities, renewable & sustainable energy, infrastructure etc.

NOTE: All replies should be forwarded and send to the e-mail account below
for quick response and further details regarding our rate, terms &
procedures.

Email: loan@hispanicfinance.com
Whatsapp: +1(912) 695-1658
Website: www.hispanicfinance.com

WRIGHT said...

We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease, our bank instrument can be engage in PPP Trading, Discounting, signature project (s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffer driven offers.

We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

The procedure is very simple; the instrument will be reserved on euro clear to be verified by your bank, after verification an arrangement will be made for necessary bank documents and stock testing expenses, the cost of the Bank Guarantee will be paid after the delivery of the MT760,

DESCRIPTION OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A)
2. Total Face Value: Eur 5M MIN and Eur 10B MAX (Ten Billion USD).
3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank Frankfurt.
4. Age: One Year, One Month
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: Bank to Bank swift.
7. Payment: MT-103 or MT760
8. Hard Copy: Bonded Courier within 7 banking days.

We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me direct. wrightjames931@gmail.com

Regards,
Wright
Skype;
wrightjames931@gmail.com

WRIGHT said...


We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease, our bank instrument can be engage in PPP Trading, Discounting, signature project (s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffer driven offers.

We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

The procedure is very simple; the instrument will be reserved on euro clear to be verified by your bank, after verification an arrangement will be made for necessary bank documents and stock testing expenses, the cost of the Bank Guarantee will be paid after the delivery of the MT760,

DESCRIPTION OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A)
2. Total Face Value: Eur 5M MIN and Eur 10B MAX (Ten Billion USD).
3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank Frankfurt.
4. Age: One Year, One Month
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: Bank to Bank swift.
7. Payment: MT-103 or MT760
8. Hard Copy: Bonded Courier within 7 banking days.

We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me direct. wrightjames931@gmail.com

Regards,
Wright
Skype;
wrightjames931@gmail.com

Unknown said...

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We have provided over $50 Billion in business loans to over 25,000 business owners just like you. We use our own designated risk technology to provide you with the right business loan so you can grow your business. Our services are fast and reliable, loans are approved within 48 hours of successful application. We offer loans from a minimum range of $10,000 to a maximum of $800 million.

Do you find yourself in a bit of trouble with unpaid bills and don't know which way to go or where to turn? What about finding a reputable Debt Consolidation firm that can assist you in reducing monthly installment so that you will have affordable repayment options as well as room to breathe when it comes to the end of the month and bills need to get paid? Dr. Dave Logan Loan Home is the answer. Reduce your payments to ease the strain on your monthly expenses. contact us via Call/Text: +1(501)800-0690 Email: daveloganloanfirm@gmail.com

Our services include the following;
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Please if you are interested in our financial offer and delighted, do not hesitate to contact us if urgently in need of our service as they will be required to complete the following information to begin with the process of your loan therefore ultimately.

Yours Sincerely,
Dr. Dave Logan
Call/Text: +1(501)800-0690

WRIGHT said...

We are direct providers of Fresh Cut BG, SBLC, DTC IPIP, MT103/202 GPI CASH

TRANSFER and MTN which are specifically for lease, our bank instrument can be

engage in PPP Trading, Discounting, signature project (s) such as Aviation,

Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real

Estate and all kind of projects. We do not have any broker chain in our offer or

get involved in chauffer driven offers.

We deliver with time and precision as sethforth in the agreement. Our terms and

Conditions are reasonable, below is our instrument description.

The procedure is very simple; the instrument will be reserved on euro clear to be

verified by your bank, after verification an arrangement will be made for

necessary bank documents and stock testing expenses, the cost of the Bank

Guarantee will be paid after the delivery of the MT760,

DESCRIPTION OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A)
2. Total Face Value: Eur 5M MIN and Eur 10B MAX (Ten Billion USD).
3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank Frankfurt.
4. Age: One Year, One Month
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: Bank to Bank swift.
7. Payment: MT-103 or MT760
8. Hard Copy: Bonded Courier within 7 banking days.

We are ready to close leasing with any interested client in few banking days, if

interested do not hesitate to contact me direct. Email: wrightjames931@gmail.com

Regards,
Wright
Skype:wrightjames931@gmail.com
Email:wrightjames931@gmail.com
We Offer Lease and Purchase BG,SBLC,DTC IPIP, MT103/202 GPI CASH TRANSFER AND MTN

W & J O'Shea Roofing said...


Dear Sir/Ma,

We are genuine certified Financial Instrument providers. Presently, we only focus on BG/SBLC for Lease and purchase purposes. Our Lease BG/SBLC is 4+2% and purchase at 32+2%.

* FOR LEASING OF BG/SBLC
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
LEASING FEE = 4%+2%

* FOR PURCHASE OF FRESH CUT BG/SBLC
PRICE = 32%+2%
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M

Kindly contact us for our procedures and be sure that we shall respond within 48hrs maximum.

Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.
W & J O'Shea Roofing
E-mail :wjoshearoofing@gmail.com

Skype id : wjoshearoofing@gmail.com

WRIGHT said...

We are direct providers of Fresh Cut BG, SBLC, DTC IPIP, MT103/202 GPI CASH

TRANSFER and MTN which are specifically for lease, our bank instrument can be

engage in PPP Trading, Discounting, signature project (s) such as Aviation,

Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real

Estate and all kind of projects. We do not have any broker chain in our offer or

get involved in chauffer driven offers.

We deliver with time and precision as sethforth in the agreement. Our terms and

Conditions are reasonable, below is our instrument description.

The procedure is very simple; the instrument will be reserved on euro clear to be

verified by your bank, after verification an arrangement will be made for

necessary bank documents and stock testing expenses, the cost of the Bank

Guarantee will be paid after the delivery of the MT760,

DESCRIPTION OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A)
2. Total Face Value: Eur 5M MIN and Eur 10B MAX (Ten Billion USD).
3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank Frankfurt.
4. Age: One Year, One Month
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: Bank to Bank swift.
7. Payment: MT-103 or MT760
8. Hard Copy: Bonded Courier within 7 banking days.

We are ready to close leasing with any interested client in few banking days, if

interested do not hesitate to contact me direct. Email: wrightjames931@gmail.com

Regards,
Wright
Skype:wrightjames931@gmail.com
Email:wrightjames931@gmail.com
We Offer Lease and Purchase BG,SBLC,DTC IPIP, MT103/202 GPI CASH TRANSFER AND MTN

Ashraf Billy said...

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE. Dear Sir/Ma I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider. Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details. And again our bank instruments can serves as collateral as the case may be, which will enable you get loans from your bank so as to embark on any projects such as Aviation, Agriculture, Petroleum, Mining, Telecommunication, Construction of Dams, Real estate, Bridges, Trading, Importing and exporting and Other Turnkey Project (s) etc. Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will email you our terms and condition upon request.Inquiries from agents/ brokers/ intermediaries are also welcome. If you are interested in seeking to raise finance for your business/projects in this way,

Email: goldencrow59@gmail.com
Skype:goldencrow59@gmail.com

WRIGHT said...

We are direct providers of Fresh Cut BG, SBLC, DTC IPIP, MT103/202 GPI CASH

TRANSFER and MTN which are specifically for lease, our bank instrument can be

engage in PPP Trading, Discounting, signature project (s) such as Aviation,

Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real

Estate and all kind of projects. We do not have any broker chain in our offer or

get involved in chauffer driven offers.

We deliver with time and precision as sethforth in the agreement. Our terms and

Conditions are reasonable, below is our instrument description.

The procedure is very simple; the instrument will be reserved on euro clear to be

verified by your bank, after verification an arrangement will be made for

necessary bank documents and stock testing expenses, the cost of the Bank

Guarantee will be paid after the delivery of the MT760,

DESCRIPTION OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A)
2. Total Face Value: Eur 5M MIN and Eur 10B MAX (Ten Billion USD).
3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank Frankfurt.
4. Age: One Year, One Month
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: Bank to Bank swift.
7. Payment: MT-103 or MT760
8. Hard Copy: Bonded Courier within 7 banking days.

We are ready to close leasing with any interested client in few banking days, if

interested do not hesitate to contact me direct. Email: wrightjames931@gmail.com

Regards,
Wright
Skype:wrightjames931@gmail.com
Email:wrightjames931@gmail.com
We Offer Lease and Purchase BG,SBLC,DTC IPIP, MT103/202 GPI CASH TRANSFER AND MTN

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Simon Federman said...

Dear sir,

I am a direct Mandate to a genuinely renowned Investment Finance Company offering Cash & Asset Backed Financial Instruments on Lease and Sale at the best rates and with the most feasible procedures.

Instruments offered can be put in all forms of trade and can be monetized or discounted for direct funding. For Inquiry contact.

Email: longmornprojectfinances@gmail.com

Skype: longmornprojectfinance@hotmail.com

Whatsapp : +1(661)262-9225

Warm Regards
Simon Federman.

Kelvin Bright said...

Dear Sir,

We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease, our bank instrument can be engage in PPP Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffeur driven offers.

We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

The procedure is very simple; the instrument will be reserved on euro clear to be verified by your bank, after verification an arrangement will be made for necessary bank documents and stock testing expenses, the cost of the Bank Guarantee will be paid after the delivery of the MT760,
Description OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG/SBLC)
2. Total Face Value: Eur/USD 5M MIN and Eur/USD 10B MAX (Ten Billion EURO/USD).
3. Issuing Bank: HSBC Bank London, Barclay's bank London,Credit Suisse and Deutsche Bank Frankfurt.
4. Age: One Year, One Month
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: Bank to Bank swift.
7. Payment: MT-103 or MT760
8. Hard Copy: Bonded Courier within 7 banking days.

We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me.


Regards,
kelvin Bright
Skype: kelvinbrigth84@gmail.com
Email: kelvinbrigth84@gmail.com
Phone/Whatsapp: +447546769978

Samri nazeer said...

We have direct and efficient providers of Bank Guarantee (BG’s), Insurance Guarantees,Confirmable Bank Drafts, Standby Letters of Credit (SBLC) medium term note (MTN) and Third Party Guarantees. which are specifically for sell/lease at leasing price of 4+2% /32+2% for selling price.
If you are a potential Investor or principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.

Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments.


DESCRIPTION OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG) or Standby Letter of Credit (SBLC)
2. Total Face Value: Euro/USD 100,000.00 – Euro/USD 50,000,000,000.00
3. Issuing Bank: HSBC Bank London, Barclays Bank London, Deutsche Bank AG Frankfurt etc.
4. Age: One Year and One Day (With the option of Rolls and Extension)
5. Leasing Fee: 4% + 2% [negociable]
6. Delivery: Bank to Bank Swift MT799 and/or MT760
7. Payment: MT103
8. Hard Copy: By Bank Bonded Courier within 7 banking days after delivery of Swift.  

Contact: Name: SAMRI NAZEER

Email: INFO.ACEFINANCELTD@GMAIL.COM  
Skype:INFO.ACEFINANCELTD@GMAIL.COM

Alex James said...


SIGNET UK FINANCE PLC is a British based financial consulting company with years of experience in the international and local finance market. Be it lease bank guarantee, Stand by letter of credit or any type of refinancing, talk to our team at SIGNET UK FINANCE PLC and certainly we will set your business on the right path with our sound and quality financial advice and services. Our bank instrument can be help you fund you projects in Trading, funding project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects.Having years of professional, invaluable experience in the banking and finance industry, and having access to dozens of different prominent trusted and reliable providers, our Financial Services consultants will crawl through hundreds of products to find one that perfectly matches your needs.

Purchase Instrument of BG/SBLC : 38%+2% Min Face Value cut =5M- 10B EUR/USD
Lease Instrument of BG/SBLC    : 6%+2% Min Face Value cut = 5M- 10B EUR/USD

Contact Name: Alex James
Email:signetukfinanceplc@gmail.com
SKYPE:signetukfinanceplc@hotmail.com
Whatsapp #:+971 55 178 0389

scott james said...

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY OR LEASE AT THE BEST AVAILABLE RATES
We offer certified and verifiable financial bank instruments via Swift Transmission from a genuine provider capable
of taking up time bound transactions.
FOR LEASING OF BG/SBLC
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
LEASING FEE = 4%+2%
FOR PURCHASE OF FRESH CUT BG/SBLC
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
PRICE = 32%+2%
Our BG/SBLC Financing can help you get your project funded,
loan financing by providing you with yearly.
RWA ready to close leasing with any interested client in few banking days
I will be glad to share with you our working procedures.
Name : scott james
Email : inquiry.securedfunding@gmail.com
Skype : inquiry.securedfunding@gmail.com

Stiwart benard said...

Are you a business man or woman? Do you need funds to start up your own business? Do you need a loan to settle your debt or pay off your bills or start a nice business? Do you need funds to finance your project? We Offer guaranteed loan services of any amount and to any part of the world for (Individuals, Companies, Realtor and Corporate Bodies) at our superb interest rate of 2%. For application and more information send replies to the following contact us for more information on how to get started:please contact email id : availfinance8890@hotmail.com
Mr Ferguson Williams

Unknown said...

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY OR LEASE AT THE BEST AVAILABLE RATES
We offer certified and verifiable financial bank instruments via Swift Transmission from a genuine provider capable
of taking up time bound transactions.
FOR LEASING OF BG/SBLC
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
LEASING FEE = 4%+2%
FOR PURCHASE OF FRESH CUT BG/SBLC
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
PRICE = 32%+2%
Our BG/SBLC Financing can help you get your project funded,
loan financing by providing you with yearly.
RWA ready to close leasing with any interested client in few banking days
I will be glad to share with you our working procedures.
Name : Thomas Wolfgang
Email : inquiry.fastfunding@gmail.com
Skype : inquiry.fastfunding@gmail.com

Anonymous said...


We have direct access to genuine providers of Bank Guarantee (BG), Standby Letter of Credit (SBLC). Issuance is by AA rated Bank in Europe, Middle East, Asia and USA.

We also monetize same BG/SBLC for 100% cash if you do not have a monetizer.

Our bank instruments can be engaged in PPP Trading, Discounting Signature Projects like Construction, Oil and gas, Telecommunication etc.

Please contact me for full details:
Contact:MR RORY ANGUS

Email:guidancefinanceltd@gmail.com
whatsapp:+44 7879 171861

LEASE AND PURCHASE BG/SBLC WITH MONETIZATION

applegreeenltd@gmail.com said...

ANNE HARVEY
Whatsapp (753)716 9499



Dear Sir/Ma,

We are project funder as well as financial lender. We have BG/SBLC specifically for BUY/LEASE at a leasing price of 4%+2% of face value Issuance by HSBC London and many other 25 top AA rated Bank in Europe, Middle East or USA. We also secure funding. Also We are into the provision of short term and long term business/personal loans for both small and large scale business funds.

* FOR LEASING OF BG/SBLC
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
LEASING FEE = 4%+2%

* FOR PURCHASE OF FRESH CUT BG/SBLC
PRICE = 32%+2%
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M

Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.

ANNE HARVEY
E-mail :applegreeenltd@gmail.com
Skype id :applegreeenltd@gmail.com
whatsapp :+447537169499


David Reyes said...


I am a veteran with the world trade organization humanitarian delivery agency, an ancillary of the UN..
Mrs. Bernice Clark 69 died of covid-19 related virus. Before her death she left manifold amounts with a security & finance firm in Europe for preservation. she disclosed that the trust-funds should not be left unclaimed. You are to stand as the stipendiary to  late Bernice Clark.
Get back to us with your interestedness at (wldtrdeorgnztionhumangcy@gmail.com). and contact data for all other formalities which are certifiable.
Hoping to have an opulence pact with you on communal trust.

Bank Instrument said...

My name is Mohammed Ahsan I'm a financial Consultant of a reputable firm Operating out of the United Kingdom
we provide Discrete Financial, Services for High Net Worth CEO's/Executives of Corporation & Senior Government Officials globally.
What we do is Legal & within the ambit of the law but following the Leakage of the Infamous United Kingdom
Papers & subsequent threat by the International Consortium of Investigative Journalists (ICIJ)
International Criminal Court (ICC)
Below is what my Sender can offer.
1, MT103 gpi automatic
2, MT103 wire transfer
3, MT103 TT
4, MT103/202 manual download
5, SBLC lease and Purchase

All bank instrument will be done via bank officer to bank officer, Receiver has to provide bank officer details
on DOA all brokers are welcome and guarantee of there payment after successful deal
kindly send me a message via email and WhatsApp.


Email: mohammedahsan877@gmail.com

WhatsApp- +19893413179

May Gary said...

We are major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instruments are specifically for lease and sale.We are one of the leading Financial instrument providers with offices all over Europe.
We are major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instruments are specifically for lease and sale.We are one of the leading Financial instrument providers with offices all over Europe.
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.) as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed, Our Terms and Conditions are reasonable.

DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
2. Total Face Value: 10M MIN to 50B MAX USD or Euro
3. Issuing Bank: HSBC, Deutsche Bank Frankfurt, UBS or any Top 25 .
4. Age: One Year, One Day
5. Leasing Price: 4 1%
6. Sale Price: 32 2%
7. Delivery by SWIFT .
8. Payment: MT103-23
9. Hard Copy: Bonded Courier within 7 banking days

We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me direct.

Name:May Gary
Email:algecoglobalfinanceplc@gmail.com
Skype::algecoglobalfinanceplc
or let us know via WhatsApp:+1(218)2417690

Unknown said...

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY OR LEASE AT THE BEST AVAILABLE RATES
We offer certified and verifiable financial bank instruments via Swift Transmission from a genuine provider capable
of taking up time bound transactions.
FOR LEASING OF BG/SBLC
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
LEASING FEE = 4%+2%
FOR PURCHASE OF FRESH CUT BG/SBLC
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
PRICE = 32%+2%
Our BG/SBLC Financing can help you get your project funded,
loan financing by providing you with yearly.
RWA ready to close leasing with any interested client in few banking days
I will be glad to share with you our working procedures.
Name : Thomas Wolfgang
Email : inquiry.fastfunding@gmail.com
Skype : inquiry.fastfunding@gmail.com

Joseph Parsons said...


We Facilitate Bank Guarantee (BG) & Standby Letter of Credit (SBLC) Instrument Direct Mandate Provider of Fresh Cut Bank Instrument for Lease/Purchase such as BG, SBLC,LC,DLC.

Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected We are direct to a provider for BG /SBLC Issuance by HSBC London/Barclays London/Deutsche Bank Frankfurt. or any other AAA rated Bank in Europe, Middle East or USA.

Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, For further details contact us with the below information. (WE MOVE FIRST)

GLOBAL CAPITAL ASSET
Email.globalcapitalasset73@gmail.com

Mrs. McCarthy Juan said...



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Consider all your financial problems tackled and solved ASAP. Share this to help a soul right now THANKS.

TANG ADAM said...

We Offer Swift MT760 BG/SBLC, FC MTN, Letter of Credit { LC }, MT103Etc.

N/B: Provider's Bank move first.

Let me know if you have any need for the above offers.

Thanks
Name : Garvan Mairead

Email: inquiry.trustedfinanceplc@gmail.com

Skype : inquiry.trustedfinance@gmail.com

Whatsapp : +17329300338

Anonymous said...

We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed.

We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

The procedure is very simple; the instrument will be reserved on euro clear to be verified by your bank, after verification an arrangement will be made for necessary bank documents and stock testing expenses, the cost of the Bank Guarantee will be paid after the delivery of the MT760.

DESCRIPTION OF INSTRUMENT:
Instrument: Bank Guarantee (BG/SBLC).
Total Face Value: Minimum of 1M Eur/USD (One Million Eur/USD) to Maximum of 5B Euro/USD(Five Billion Eur/USD).
Issuing Bank: HSBC London, Barclays Bank, Deutsche Bank Frankfurt, Hong Kong, Any AA rated Bank in Europe or any Top 25 WEB.
Age: One Year, One Day
Leasing Price: 4% of Face Value plus 1% commission fees to brokers.
Delivery: Bank to Bank SWIFT.
Payment: MT-760.
Hard Copy: Bonded Courier within 7 banking days.

All relevant business information will be provided upon request plus our terms and
procedures.

Contact name: Malina James

Email : financialenqassist@gmail.com