Parameter |
Details |
Issuer |
- AAA-rated international banks.
- Full compliance with UCP 600 or ISP98 rules as applicable.
|
Applicant |
- Corporate entities or project SPVs with a proven credit profile.
- Backed by collateral, retainer fees, or parent company guarantees where required.
|
Purpose |
- Performance guarantees.
- Payment guarantees for trade and project finance transactions.
- Credit enhancement for lenders or investors.
|
SBLC Amount |
- Minimum: $5 million.
- Maximum: $100 million USD (higher amounts subject to additional underwriting).
|
Tenor |
- 1 to 3 years, renewable.
- Shorter tenors available for specific transactions.
|
Retainer Fee |
- $59,500 for facilities up to $5M USD
- $125,000 for facilities up to $50M USD
- $375,000 for facilities $50M to $100M USD
- Non-refundable.
- Payable upon term sheet execution.
|
Issuance Fee |
- 1.0% to 3.0% of SBLC face value annually.
- Based on creditworthiness and transaction complexity.
|
Issuing Banks |
JPMorgan Chase, China Construction Bank |
Interest Rates |
U.S. Prime Rate + 3% per annum |
Maximum LC Face Value |
$100,000,000 USD |
Conditions Precedent |
- Submission of financial statements and credit documentation.
- Clear proof of underlying transaction or project.
- Verification of collateral or guarantees supporting the SBLC.
|
Security Package |
- First-ranking lien on collateral, if applicable.
- Parent company or personal guarantees.
- Assignment of receivables or other cash flow rights.
|
Disbursement Timeline |
- SBLC issuance within 10-30 days after all conditions precedent are satisfied.
|