SBLC vs CPN

To obtain Deferred Purchase SBLC the price is 15%, the bank can give credit facility usually between LTV 65% to 85%, an interest rate of about 3%. Example: obtain SBLC in the amount of $100 million, the price is 15% must be paid within 5 days after delivery of the swift MT760. then you need to submit the project/business the credit committee of the bank, in order to get the credit request, in the end only the credit committee will approve the LTV 65% to 85%, assuming you get the maximum credit then the credit will be $ 85 million, most likely the interest rate about 3% on the $ 85 million. (When we deduct 15% payment of the SBLC, the remaining credit will be $ 60 million to use). The Value to use - $ 15 million + $ 2.55 million (interest of 85 million) + bank credit establishment fee + bank advice and receiving a fee of the SBLC, plus...
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