Obtaining and Issuing Bank Papers/Instruments/Securities Programs:

A Guarantee is a distinct promise to pay and is not dependent on the principal obligation. The guarantor (the bank) may not raise any objections or defenses based on the underlying transaction. This means the guarantor pays upon the first written demand (claim) on the part of the beneficiary, i.e. on the presentation of the confirmation specified in the guarantee text and any required documents. The standard wording used by banks in individual cases either complies with the local legal framework or the policies of the International Chamber of Commerce (ICC). Uniform Rules for Demand Guarantees and Bank Guarantees (URDG 758), and Uniform Customs and Practice for Documentary Credits and Standby Letter of Credit (UCP 600). The URDG 758 and UCP 600, Their wording is based on the internationally recognized issued by the ICC.

This service designed for clients who want to funds their projects like export/import business, leverage equity funds, trade companies, Manufacturing companies, and more.  those securities issued to the clients can be obtained by several methods:

Types of Bank Guarantee

Standby Letter of Credit (SBLC).

Demand Guarantees (DG).

Bank Guarantees (BG).

We, RMG Capital obtain and issue the instruments from 15 Top Banks.

Obtaining a Licensing of the instruments. This bank instrument is full CASH BACKED as Collateral opened by the Provider for the benefit of the Beneficial(Client) or Monetizer.

*** Fifteen (15) days before the maturity the Client can renew or return the bank paper-free, clean and clear without any lien.

*** if the client’s bank doesn’t agree to issue the RWA/BCL, the client can deposit the fee’s in the Escrow IOLTA account.

There are three (3) ways:

1. All fees will deposit with Escrow IOLTA under the Term Sheet and Escrow agreement.
Issuing send swift MT799 pre-advice.
Client’s Bank sends swift MT799 RWA to receive the said instrument.   
The issuing bank sends swift MT760.

2. Registration bank fee 2% to Escrow IOLTA under the Term Sheet and Escrow agreement.
After registration of the file with the issuer bank, the issuer bank sends swift MT799 pre-advice.
Client’s Bank sends swift MT799 – BPU – balance to escrow IOLTA.   
Issuer bank sends the MT760.
Payment within 5 bank days via MT103.

3. Combination Leverage and issuing SBLC.

cost about 6%-7% under the Term Sheet and Escrow agreement.
First step the process of the Leverage Debt.  
Within 30 bank days, we issue the said SBLC.

Issuing send swift MT799 pre-advice.
Client’s Bank sends swift MT799 RWA to receive the said instrument.   
The issuing bank sends swift MT760.

Issuing Deferred Purchase/Acquisitions of instruments. This instrument is full CASH BACKED and comes with the Title Owner of the Beneficial(Client).

*** Fifteen days before maturity the client has three options: the first is to purchase the instrument, the second is to renew the instrument (total renews up to 3 years). In the event that the client does not purchase or renew the instrument, the bank endorses and returns the bank paper-free, clean and clear without any lien.

In order to get a term sheet of obtaining Bank papers, the following documents need to be submitted for review and due diligence:

  1. Application/Letter of Request.
  2. KYC on Corporations letterhead.

Once the full package submitted, the R.M.G Capital Compliance to review, within about five business days, on green lite and decided to continue the process, the client accepts the offer of service, the procedure, and schedules for performance.

Procedures Outline:

  1. The Provider responds with a delivery of a non-binding Term Sheet.
  2. After the client reviewed the Term Sheet and shared it with his bank, which must be signed and if possible stamped as “Acknowledgment” by the bank.
  3. The process is on a bank-to-bank basis (DVP settlement).

*** In heaven forbid which were allegedly forging documents or attempt of fraud, the company is obligated under law to notify the authorities, which could result in a criminal investigation as well as entry to the blacklist.