Monetize a Standby Letter of Credit

AltFunds Global can monetize Standby Letters of Credit (SBLCs) issued by banks with a credit rating of A or above, whether they have already been issued or are in the process of being issued.

AltFunds Global monetizes funding instruments starting at a minimum of $10,000,000 USD, provided that the instrument meets specific criteria, including being unencumbered, divisible, monetizable, irrevocable, and able to be cashed back.

AltFunds Global helps clients to convert their current instrument into cash, providing them with net proceeds that they can use for their desired purposes.

1. Participating customers must first schedule a consultation call.
2. Following the call you will be required to provide the following:
   1. If the SBLC has already been issued:
      • A copy of the SBLC.
      • A copy of the bloomsberg report showing the SBLC has been issued and posted on bloomsberg.
      • An updated version of AltFunds Global’s proprietary KYC (Know your Client / customer information sheet), which is provided during the consultation call.
   2. If the SBLC has not yet been issued:
      • An RWA (Ready Willing Able) email from the banking officer to their client (the issuer of the SBLC) saying the banking officer is ready, willing, and able to issue the instrument. The email should have the banking officer’s email address as well as a picture of their business card. Please note – an e-signature is NOT considered a business card.
      • We will then contact the bank (often the switchboard of the bank) and ask to speak to the issuing banking officer for verification to ensure the banker is real.
      • Once confirmed, we will provide you with the appropriate paperwork (fee agreement, mutual NDA NCA, etc.) 

• A signed and completed AltFunds Global’s KYC (Know your Client Form) with a copy of the instrument that has been issued combined with the Euroclear report (if the instrument has already been issued).
• A signed and completed Mutual Non-Disclosure Agreement and Non-Circumvent Agreement (NDA/NCA).
• A signed and completed Joint Venture agreement.

Upon receiving the above documents, AltFunds Global will provide a deed of agreement (DOA) that provides the issuer or monetizer’s name and their closing procedures as well as the fee for the instrument.

Our fees are 2.5% of the face value of the instrument.

0.5% of the face value of the instrument.

We can often execute a contract in 7-10 banking days.

• AltFunds Global welcomes and encourages clients to bring their business consultants or legal counsel to all meetings.
• The client is responsible for covering any associated bank fees, legal fees, and tax obligations related to their transaction.
• Please note that banking days and timelines may vary depending on the market and banking conditions.