Financial Instrument Issuance Procedures (Summary)

1.Application Submission: Client provides required documents (application form, CIS, pro-forma invoice, bank statements, sales/purchase contract, etc.).

2.Initial Assessment:

The provider reviews documents, conducts due diligence, and confirms eligibility.

3.Draft Issuance: If approved, Provider sends a draft of the financial instrument (e.g., LC, SBLC) to the client and supplier/lender for review.

4.Amendments (if needed): Client requests revisions; provider adjusts the draft per issuing bank policies.

5.Contract & Invoice: After draft approval, provider sends a contract and invoice for the issuance fee (full or partial, depending on transaction size).

6.Payment: Client remits fees (e.g., full payment for <$5M; pre/post-issuance fees for ≥$5M).

7.Instrument Issuance: Upon payment, the issuing bank sends the instrument via SWIFT/email/courier within 2–4 days.

8.Post-Issuance (for larger transactions): For transactions ≥$5M, client settles the remaining balance within 5–10 working days.

Note: All transactions must be completed within 10 working days; otherwise, the facility is voided.