Procedure for the Issue of one or more SBLCs

The SBLC instruments are fully cash-backed and issued through Commercial
Development Bank (CDB) AG UK: https://www.bankcdb.com/
Before signing the Deed of Agreement (DoA)
1. A Request Letter is sent by a Client and addressed to the Issuer, stating the value
of the SBLC or SBLCs required and the purpose. (This would be later attached to
the DoA for authentication).
2. The latest CIS of the Lessee or Buyer.
3. If the Client is a company, a Board Resolution.
4. An RWA/BCL* of the receiving bank with business cards of 2 bank officers
attached.
(This is to confirm that the receiver’s bank is ready, willing, and able to accept an
SBLC of X value on behalf of their client and that their client has the capability of
paying the charges of 11% (leasing) or 39% (purchase) and also 1% (or 2%), for
the consultant(s).
[*See the note at the end of this document]
5. Pre-acceptance of the SWIFT verbiage by the receiving bank, by way of signing
and stamping the Appendices document, or a letter from the bank saying the
verbiage is acceptable to them.
(Approval could be obtained at the same time as getting the RWA/BCL, so that the
process can go through smoothly).
For operational ease, it is suggested that the RWA/BCL and the acceptance of
the verbiage be done at the same time.
Procedure
1. DOA signed and sealed between both parties.
2. Receiver’s bank sends an email or MT199 to the issuing bank conveying that they
are ready, willing and able to accept the SBLC on behalf of their client.
3. Issuer sends an MT799 to the receiving bank from CDB.
4. Receiving bank re-authenticates this SWIFT.
5. Receiving bank issues a BPU of 11% (lease) or 39% (purchase) + 1% [or 2%].
6. After authentication of the BPU, the issuer sends a MT 760 from CDB.
Issuer will have already sent an MT 799 Pre-Advice to the receiving bank from CDB,
after receipt of an MT199 from the receiving bank officer indicating that they are
ready, willing, and able to accept an SBLC of €/$ XX,000,000.00.
7. After re-authentication of the SWIFT MT 760, lessee [or purchaser] sends (a) the
11% (lease) or 39% (purchase) via MT103 to the issuer’s account, and (b) 1%
[or 2%] to the consultants’ account, both within 5 days from re-authentication of
MT 760.
The templates will be sent to the potential lessee or buyer, once they convey their
consent to follow the procedure.

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Note: Where an RWA/BCL cannot be provided, the Receiver has the option to instruct
their bank to directly issue a BPU to the issuing bank. In such a case, the process steps
set out on Page 1 would change to the extent that once the DoA is fully signed, the
parties would progress directly to step 5.
To enable this option, an RWA letter from the issuing bank (on bank letterhead) would
be attached to the DoA. That RWA letter will be signed by two, authorised bank officers
within the issuing bank.

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