PROCEDURE FOR ISSUING ... MONETIZATION... OF SBLCs
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NEEDED DOCUMENTS:
1. Full CIS with banking with complete contact information
2. Two (2) bank officers’ business cards of the issuing bank or custodial bank
3. Corporate Registration Certificate
4. Passport copy of signatory
5. RWA
6. Bank Statement
PROCESS:
After DD, the Provider will issue the CONTRACT in WORD format which will contain the draft text of the MT799 and the draft text of the MT760. Client will complete the contract fully, and provide all requested information within the contract.
Client will append his electronic signature to the completed contract, convert the completed contract to PDF and return the executed contract together with the copy of his passport.
The provider will submit a copy of the executed contract to his issuing bank.
Bank process will start as per the DOA.