EC 3 STEPS PROGRAM
FOR
MONETIZING
BANK INSTRUMENTS
London, 2024
All rights reserved – Copyright Economic Consultants Ltd.
EC 3 STEPS PROGRAM FOR MONETIZING INSTRUMENTS
INTRODUCTION
At Economic Consultants Ltd., we have been working for more than 30 years helping companies
and individuals with funding, investments, and all sorts of financial assistance. We have a global
network with Associates in more than 25 countries, enabling us to find support for companies
in all sectors.
For our clients to enable themselves to get into a position where
they can present their project or company, get attention, and
achieve what they are looking for, we have established the EC 3
Steps Programs.
Our different funding programs are meant to fit all companies,
also listed ones. You decide yourself which program you would
like to choose and, we will carry out the different tasks connected
to the choice for you.
When both parties have agreed to the scope, we will enter an agreement, and for this instance
the EC Service Agreement for Monetizing Instruments, determining the steps and details for
how we together shall achieve the goal set forth.
ACCEPTABLE BANK INSTRUMENTS
Standby Letter of Credits (SBLC’s) / Bank Guarantees (BG’s)
Medium Term Notes (MTN’s)
Bank Drafts (BD’s) – only top 25 banks
Treasury Bills (T-Bill’s)
Promissory Notes in – if issued by an acceptable institution
We can discount or monetise instruments issued in US$, Euros€ and GBP£. We accept Top
Ranking banks, but also low or unrated banks, if they have a direct RMA with the receiving bank.
Preferred instruments are BG/SBLC and MTN’s as long as they can be delivered in MT700 or
MT760’s format.
These are banks we work with; HSBC, Barclays, JP Morgan, Emirates NBD and BNP.
AMOUNTS
Depending on Provider, we can work with amounts from US$/Euro 10 M, no limits upwards.
AGREE ON PROGRAM
The first step in the process is to agree on what program and
amount to be looking for.
Having determined that we will agree on a time schedule, which
again will be depending on how well prepared the client is, and
how fast he will be able to run the KYC and Application process.
The entire process can be finished within 20 days after the
agreements have been signed off.
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EC 3 STEPS PROGRAM FOR MONETIZING INSTRUMENTS
PROCESS
The process is straight forward and will work smoothly if you follow our guidelines.
EC CUSTOMER INFORMATION SHEET (CIS)
You start by completing The EC CIS for Monetizing Instruments and return it to us with the
documents requested attached to the CIS. We do the KYC (Know Your Customer) and DD (Due
Diligences) and if positive we move on to the next step.
EC NSNC NDA
We will issue and send you our NSNC NDA (Non--‐Solicitation, Non--‐Circumvention, Non--‐
Disclosure Agreement), for you to sign and return to us.
SERVICE AGREEMENT
We will then send you the EC Service Agreement for Monetizing Instruments. The agreement
contains all details that have been agreed and regulates the terms and conditions for the
transaction(s) ahead of us. With that in place we are ready to move to the next step.
APPLICATION FOR PARTICIPATION
The EC CIS for Monetisation also serves as the Application to our provider(s). We will normally
have pre-qualified you as our client after the DD and KYC process. The Monetiser will issue their
DOA (Deed of Agreement) and when signed by both parties it becomes an executed document
ready for us to present to the issuer of BG/SBLC’s. You will always need to have a DOA ready to
present to the Instrument Issuer(s) to get an offer from them.
STARTING POINT
We must make sure that we are good to go with the POI (proof of Instrument) in place one week
at least before the application is filed (unless we at EC take care of the full process).
LTV
In the Monetizing Agreement (DOA), you have been giving information as to where the money
will be sent. We will check out and inform you of what level of LTV (Loan to Value) to be
expected. If EC has provided the Instrument LTV will already have been determined.
LTV’s depends on amount of the instrument and if it is an owned or leased instrument. Normally
within the range of 60 to 80% on Top rated banks and 8 to 15% on Low rated banks (if available).
RECOURSE AND NON-RECOURSE SOLUTIONS
The most common solution is a Non-Recourse Funding Program. It means that you surrender
the Bank Instrument to the Monetiser, receive the net monetised amount and then the deal is
done. No further payments for the Bank Instrument and no repayments to the Monetiser.
MONETISATION IN CONNECTION WITH PARTICIPATION IN PPP’S
When Monetisation is an integrated part of accessing the PPP’s the process is more seamless.
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EC 3 STEPS PROGRAM FOR MONETIZING INSTRUMENTS
FIXED ASSETS
Monetizing Fixed Assets is not exactly the easiest thing to do,
but there are some commodities that are easier than others.
We can always do Gold with fresh SKR (Safe Keeping
Receipts) from as little as 300M and upwards.
Commodities like Gems, Copper, and other precious metals
are nearly always connected to a gold deal.
COST AND FEES
We will always look at any request presented to us for free. After having done the initial KYC /
DD with a positive result, we will suggest a program.
STARTING & COMPLIANCE FEE
We are charging a Starting & Compliance Fee. This is to cover the cost and time we spend doing
KYC/DD and organising all documents needed to be positioned to get your instrument
monetized. The fee is minimum € 10,000.
For monetizing Fixed Assets, we charge 7,500€ in addition for establishing SBLC/BG fronting the
assets, initiate Legal Counsel (mostly US clients) and establishing an Escrow Agent (if needed). If
it is a complex operation, we take a retainer to complete the process, which may take 3 to 6
months.
SUCCESS FEES
We will charge a success fee based on the FV (face value) of the instrument. The fee is minimum
2%, maximum 5% of the FV.
PAYMENT TERMS
KYC, Due Diligence and Application Fees will be invoiced and paid after the Service Agreement
has been signed. The success fee will be calculated and invoiced together with the Non-recourse
Invoice (FFI) from the client and covered by the monetiser together with the cost of the
Instrument. We assist in drafting the FFI.
TRANSACTION PROCEDURE DOA
1. Provider and Receiver execute this Deed of Agreement which thereby automatically
becomes a full commercial recourse contract.
2. Provider will issue and electronically deliver a (Pre-Advice) SWIFT
MT799/MT199/MT999 (only if needed) to confirm acceptance for the electronic delivery
of the SWIFT MT760/700/710 to Receiver’s designated bank for authentication and
verification of the SBLC instrument(s) in favour of Receiver’s designated account.
3. If Provider elects to send a (Pre-Advice) SWIFT MT799/MT199/MT999, then Receiver’s
designated bank must respond by appropriate SWIFT message confirming acceptance
for receiving the SWIFT MT760/700/710.
4. Provider will issue and electronically deliver the SWIFT MT760/700/710 for transfer of
the SBLC instrument(s) in favour of Receiver’s designated bank account within 5 (five)
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EC 3 STEPS PROGRAM FOR MONETIZING INSTRUMENTS
banking days after executing this agreement and deliver the hard copy instrument(s) by
bonded bank courier.
5. After authentication and verification of the SBLC, it will take 5 to 10 banking days before
the payment will be sent to the client.
HOW TO GET STARTED?
Just download from our website or write to us on info@[Link] to get the
EC CIS for Monetizing Instruments, complete the CIS and send it to us.
We will have feedback for you normally within 48 hours!
Disclaimer
This document is intended solely for the benefit of firms and individuals seeking to be connected with various funding
and monetization sources. The material enclosed is for informational purposes only and does not constitute an offer
or solicitation to purchase any investment solutions or a recommendation to buy or sell securities nor is it to be
construed as investment advice. Any examples are for illustrative purposes only and do not constitute
financial recommendations or advice. You acknowledge that Economic Consultants Investments S.L., with EU
Reg. no. B13911268, and registered address at Avenida de las Fuerzas Armadas 142, Madrid 28055, Spain, is NOT a
Broker, Finance Company, Financial Advisor or Licensed in any way, we are solely a Deals Facilitation Service that
works with clients to assist them to implement a range of appropriate Solutions directly with professional service
providers. Our role is to connect people, assist in the removal of deal barriers and peer the right service provider
with the right client so customers can achieve a likely successful conclusion.
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