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Medium-Term Note(MTN)
Medium-term note(MTN) usually issued under a program that allows the issuer to offer its MTNs from time to time without producing extensive legal documents at the time of each issuance of notes.
A tradable and discountable debt instrument issued by banks, collecting an annual interest before expiring upon maturity with a specified face value. It can be provided to Clients in need of recourse collateral, non-recourse collateral or for credit-enhancement purposes.
Long Term Note(LTN)
Long term note is a promissory note that represents a loan from a bank or other creditor, whereas a bond is a more complex financial instrument that usually involves debt to many creditors.
It refers to an agreement a company enters into with another party, which includes a formal written promise to pay pre-determined amounts on specific dates. To be categorized as a long-term note payable, the maturity of the note must be longer than one year or operating cycle. Both long-term and current notes payable appear in the liabilities section of a company’s balance sheet.
Long Term Note(LTN)
Long term note is a promissory note that represents a loan from a bank or other creditor, whereas a bond is a more complex financial instrument that usually involves debt to many creditors. A long term note is a promissory note that represents a loan from a bank or other creditor, whereas a bond is a more complex financial instrument that usually involves debt to many creditors.
It refers to an agreement a company enters into with another party, which includes a formal written promise to pay pre-determined amounts on specific dates. To be categorized as a long-term note payable, the maturity of the note must be longer than one year or operating cycle. Both long-term and current notes payable appear in the liabilities section of a company’s balance sheet.
Standby Letter Of Credit (SBLC)
The Standby Letter of Credit and Bank Guarantee is provided by our bank (as the provider) to the beneficiary’s account/bank and it is transmitted interbank only through SWIFT (MT760). During the lifespan of the instrument, the beneficiary may utilize it for the two main and popular purpose of credit enhancement (raise loan, enhance credit line) or as a payment guarantee (Trade positions of a buy and sell contract for good and/or services to be rendered). At the end of the tenure of the agreement that guided the issuance, the beneficiary is expected to return the bank guarantee to our issuing bank without encumbrances or liens and the beneficiary also has the obligation to indemnify us against any loss incurred against such instrument. In addition, the beneficiary also has the option of extending the contract because our collateral transfer agreement or Deed of agreement always comes with an option of rolls and extension of up to 5 years and in some cases 10 years depending on how strong the beneficiary is placed and our due diligence.
Bank Guarantee (BG)
Bank Guarantee (BG)
Bank guarantee is a guarantee issued by a bank or a financial institute to reduce risks in transactions for
both parties involved in the transactions in case of a contract breach.
In an event of a contractual obligation of the seller/ exporter or a payment obligation to the seller/
importer, the bank or the financial institute guarantees to indemnify the recipient against the
contractual obligations of the exporter or the importer. With this, the risk factor will be reduced
drastically for both parties in a contractual agreement while encouraging the transaction to proceed
effectively.
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Letter of Credit
Letter of Credit is a document issued by a bank or a financial institution ensuring the payment to the
recipient regardless of the debtor’s financial circumstances. The document binds the financial institution
to fulfil the responsibilities of the debtor in a situation where the debtor fails to pay the recipient. This is
mostly used between exporters and importers to provide an assurance for payments for the products or
goods provided.
The document will be issued by the bank of the importer/buyer to the bank of the exporter/ seller
guarantying to pay the agreed amount of money to the other party as specified in the letter of credit