Sol e i l Char t e r e d B ank
www.soleilbank.com
Process and Payment Structure.
Below is the normal procedure for the submission and issuance of a Bank Guarantee or Standby
Letter of Credit from Soleil Chartered Bank (SCB).
Step 1:
Application is made to SCB for opening of a BG/SBLC including but not limited to the
following:
1. BG/SBLC application form. (Provided by SCB upon request)
2. BG/SBLC indemnity signed and notarized.
3. Desired verbiage of BG/SBLC. (If none provided SCB will provide its normal BG/SBLC
verbiage.
4. SWIFT code and address of beneficiary bank.
5. KYC and AML documents including but not limited to: Passport copy of applicant,
articles of incorporation of applicant company and brief summary and/or business plan of
underlying transaction.
Step 2:
SCB reviews all documents presented and evaluates acceptability of documents. SCB then either
approves application or denies and shall inform the applicant of such decision.
Step 3:
SCB prepares draft of the BG/SBLC as it is comfortable to issue and forwards to client for
approval. All drafts shall be in lined with rules and regulations governing the issuance of
BG/SBLC.
Step 4:
The client approves the draft and:
1. Signs a contract agreeing to the terms and conditions of issuance and issuance charges as
negotiated.
2. SCB issues the invoice for the agreed upon charges.
Tr us t i s t he Co r ne r s t o ne o f E ve r y R e l a t i o ns hi p.
Trade Correspondence Office: 55 Wall St, Suite 530. New York, New York, USA 10005
Tel: + 1 646 415 8261 Fax: + 1 516 937 1006
Trade Correspondence Office: Bulevardul Libertatii Nr.6, Bloc. 116, Suite 13, SC.1 Postal Code 040128, Sector 4, Bucharest, Romania
Tel: + 40 (21) 335 0950 Fax: + 40 (21) 318 3045
Reg. Union of Comoros
Step 5:
Client makes payment of charges as per agreed upon payment structure.
1. Client shall provide TT/Wire copy of payment made to SCB account.
2. SCB shall confirm to client credit of funds upon receipt of funds to SCB account.
Step 6:
SCB uploads draft to SWIFT system and provides copy to applicant for final approval of
message. Upon approval given by applicant SCB then releases the SWIFT to beneficiary bank
coordinates.
Step 7:
Copies of released SWIFT are then forwarded to the client via email or hard copy as requested.
In case the client is represented by an advisor, then it is forwarded to the advisor only.
Step 8:
Any amendments to BG/SBLC are subject to approval of SCB.
The following is the procedure for payment schedule. The following are general terms:
1. Fees are paid before the issuance of each SWIFT message. In the case of RWA for a
BG/SBLC fees need to be paid before hard copy/email issuance.
2. SCB does not engage in JV payment structures and will not issue any message for zero
monies paid upfront.
3. SCB will not accept payment via ICBPO.
4. If SCB fails to deliver the instrument as agreed upon, SCB shall return the fees paid for
that issuance.
5. Fees paid for an RWA and MT799 will be used as credit towards fees to be paid for the
MT760.
6. In the case that SCB successfully delivers RWA/MT799 and client does not go ahead
with MT760; fees paid for RWA and MT799 will not be returned.
All fees shall be agreed upon and stated in a formalized contract.
Tr us t i s t he Co r ne r s t o ne o f E ve r y R e l a t i o ns hi p.
Trade Correspondence Office: 55 Wall St, Suite 530. New York, New York, USA 10005
Tel: + 1 646 415 8261 Fax: + 1 516 937 1006
Trade Correspondence Office: Bulevardul Libertatii Nr.6, Bloc. 116, Suite 13, SC.1 Postal Code 040128, Sector 4, Bucharest, Romania
Tel: + 40 (21) 335 0950 Fax: + 40 (21) 318 3045
Reg. Union of Comoros
