|
Capital Sum Limits: |
500,000 - 200 million, Euros
or USD. Larger amount may be available in exceptional circumstances. |
|
Term: |
Normally 180 days.
|
|
Issuing Banks: |
Major international banks and
financial institutions. |
|
Arrangement Fee: |
Negotiated in each
case, generally in the range of 5% - 8%. |
|
Payment: |
The full amount of
the fee must be shown to be freely available and callable prior to
the issue of the instrument.
Payment to be either
(a) lodged with the issuing bank or (b) via an escrow arrangement or
(c) through a UK law firm under your instruction giving a payment
undertaking to remit on the day of issue.
Payment subsequent
to issue and dependent upon the use of the instrument is not an
acceptable proposition.
|
|
Instalment Fees:
|
Not
available for this facility - the full amount must be paid on the
day of issue. |
|
Introducer Fees: |
To be added to the
Arrangement Fee but not exceeding 50 basis points. |
|
Applications: |
In the first
instance please provide by
email:
(a) Amount Required
(b) Trade goods involved and the total value thereof
(c) Beneficiary details
(d) Shipping details
(e) Receiving Bank details (if known). |
