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Product Disclosure - Standby Letter of Credit

Note

The information provided in this Product Disclosure is valid as of August 2025 and is subject to change at ICL’s discretion from time to time. So, please apply before the expiry of the current offer.

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Information

Please read this Product Disclosure before you decide to apply for Standby Letter of Credit. Be sure to also read the terms and conditions set out in the relevant Letter of Offer. You may seek clarification from Intragen Capital Limited, UK (ICL) if you do not understand any part of this Product Disclosure Sheet or the general terms stated herein.

What is this product about ?

Standby Letter of Credit (SBLC) is a written undertaking by the Bank, issued at the request and for the account of the Applicant (Customer) whereby the Bank undertakes to make payment to a named Beneficiary up to the stated sum as stipulated in the SBLC in the event a valid written demand is received by the Bank.

The Bank offers 2 types of SBLC, briefly summarized below:

(a) Non-Financial SBLC (ICL’s SE2 Package)

  • Non-Financial SBLC are performance related Issued in support of the Customer’s fulfilment of a contractual obligation in accordance with the terms and conditions of an underlying contract or agreement.
  • It provides an assurance of compensation in the event of inadequate or delayed performance on a contract.
  • Performance related contingencies typically involve a counterparty’s failure to fulfil or perform contractual obligations such as delivery of goods and/or services or payment of the same by a specified date.

(b) Financial SBLC (ICL’s BS1 Package)

  • Issued in support of the Customer’s undertaking to secure the repayment of a debt or liability.
  • Is a SBLC of indebtedness (loans, securities and any other financial liabilities and obligations)
  • Has a flavour of direct extension of credit such as an undertaking to make payment to a third party in the event that a counterparty fails to meet a financial obligation

Financial SBLC can also take the form of credit substitution SBLC.

  • The Bank acts as a Guarantor for the Customer. Standby Letter of Credit (SBLC) are generally issued in the Bank’s standard format, in favour of a named Beneficiary, for a specific duration and amount and stipulating its undertaking to honour upon receipt of a valid written demand, without requiring or imposing any prior conditions or terms to be met. The Collateral for the SBLC is supported by ICL and/with the Collateral Owner (Platform).
  • SBLC are generally issued subject to European Law or if requested upon, the Uniform Rules for Demand Guarantees, Publication 758 (URDG 758)

  • You will need to have an approved SBLC facility with ICL and application must be made in the ICL’s standard Application Form and Letter of Indemnity, duly completed, and signed by your authorised signatory/ies.

  • Each application must be accompanied by a copy of the SBLC format and/or the relevant contract/ agreement, if any

You are required to pay the required fee and the outstanding amount immediately upon notification by the ICL, following the payment made by the Bank against presentation of a valid written demand under the said SBLC by the named Beneficiary.

  • Default interest (calculated from the date of payment made by ICL till the date of actual payment from you) will be imposed on such sum paid by the Bank pursuant to the SBLC issued by the Bank.
  • ICL and the Issuing Bank has the right to set-off any credit balances in your account(s) against any outstanding balances.
  • ICL and the issuing Bank may exercise its rights and start its recovery process/ legal action against you.
  • Your Facility along with any other facilities granted by the Issuing Bank may be recalled.

In general, a written discharge letter from the Beneficiary together with the return of the original SBLC is required for cancellation of SBLC prior to its expiry date.

  • SBLC issued with no specific expiry date and/or determinable amount will require a written discharge letter from the Beneficiary as well as the return of the original SBLC prior to its cancellation.
  • Payment to the Beneficiary is upon presentation of a valid written demand against the said SBLC. The Bank has no obligation to verify and/or validate whether an event of default has occurred on the underlying purpose of the said SBLC.
  • If you are applying for a Financial SBLC under ICL’s BS1 Package, you have to clear the BS1 Package fee of £ 9,999.00 in advance after the initial “Service Level Agreement (SLA)”. The Fee will be guaranteed by transaction insurance covering the SLA. The transaction Insurance is issued within 72 Hours of the receipt of the BS1 Package Fee. The Lease / Purchase Fee for the SBLC has to be cleared within 15 Days after the receipt and verification of the MT760 SWIFT at the receiving Bank.
  • If you are applying with Non-Financial SBLC under ICL’s SE2 Package, you have to clear the SE2 Fee of £ 999.00 and submit all the documents relating to the trade transaction. The SBLC under this package is non-transferable, non-divisible, non-renewable etc. The client has to clear the Lease / Purchase fee within 10 Days after the receipt and verification of the MT760 SWIFT at the receiving bank.

ICL offers 2 additional services for the clients who have applied for SBLC under ICL’s BS1 Package.  The client can choose to Monetize or Trade the SBLC though ICL’s Platform.

Conditions for the Trade or Monetization:

  1. The SBLC must be issued through ICL’s BS1 Package.
  2. The Face Value of the SBLC must be above 100M
  3. You must be prepared to provide all relevant documents for the transaction.

Program Profits

      1. For Purchased SBLC
        1. Monetization: We offer about 90% of the Face Value as non-recourse loan to the client. The Instrument is cancelled at the end of the term. The issuance and monetization take about 14 Banking Days.
        2. Trade: We offer about 300% of the Face Value as trade profit in instalment of 42 Weeks. First Instalment is issued on the 15th Day from the issuance and then weekly. The Instrument is cancelled at the end of the term.
      2. For Leased SBLC
        1. Monetization: We offer about 80% of the Face Value as non-recourse loan to the client. The Instrument is returned at the end of the term. The issuance and monetization take about 14 Banking Days.
        2. Trade: We offer about 200% of the Face Value as trade profit in instalment of 42 Weeks. First Instalment is issued on the 15th Day from the issuance and then weekly. The Instrument is returned at the end of the term.

If there happens to be a change in your contact details during or after the transaction, you have to notify us as soon as possible through email with your file id. You may notify us on the following email or a written letter on your letter head to our address.

Email : info@intragencapital.com
Phone : +44 2034324925
Address : Office 1002 182-184 High Street East Ham London E62JA

You may contact us thorough email or write a letter at our address mentioned below.
Email : info@intragencapital.com
Phone : +44 2034324925
Address : Office 1002 182-184 High Street East Ham London E62JA

  • info@intragencapital.com
  • +44 2034324925
  • OFFICE 1002 182-184 HIGH STREET, EAST HAM, LONDON E6 2JA

INTRAGEN CAPITAL is representing an Investment platform of Banking and Finance industry experts with more than 8 Years’ Experience and emphasizes on issuance of Bank Guarantee (BG), Standby Letter of Credit (SBLC), Documentary Letter of Credit (DLC), Corporate Services, Paymaster & Escrow Services. Individuals from our dedicated management have worked with the Financial Securities Department of World Top Banks and financial institutions. Our Team comprises of prepared Bankers, Dealmakers, Commodities Traders and Solicitors.

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