Letter of Credit

  • SBLC/SLOC: Standby Letter of Credit
  • DLC: Documentary Letter of Credit
  • BCL: Bank Capabilities Letter
  • BG: Bank Guarantee
  • 1 to 13 months with extensions
  • Great for Import/Export and commodities
  • Large transactions

Letters of Credit – This acts as a guarantee of payment issued by a financial entity on behalf of a client that is used as “payment of last resort” should the client fail to fulfill a contractual commitment with a third party. Standby letters of credit are created as a sign of good faith in business transactions, and are proof of a buyer’s credit quality and repayment ability. The financial entity issuing the SLOC/SBLC will perform brief underwriting duties to ensure the viability of the contract and transaction, as well as the integrity of the party seeking the letter of credit. Typically, the letter of credit is cancelled as soon as the terms of the contract have been met by the purchaser or borrower.

  • Top US and European Banks
  • Leverage Funding

We pride ourselves with our success track record and effectiveness to produce results for you. Consider us your complete one stop source for letters of credit. Ask about our broker network program. Please note our arrangement fee is upfront (through escrow) and not as a success fee.

WHAT WE DO

PNM Global Group consults with the facilitating institution that manages the process of the opening of letters of credit on behalf of its clientele, and continues the ongoing management of the letter of credit process throughout the period for which a transaction may occur.

PNM Global Group uses the services of several American and European banks, and is a consulting representative for two special purpose banks. Because of the company’s relationships, we are positioned to provide flexible and expedited services to its clientele.

The services of PNM Global Group can typically bridge the gap between a client and the World of Trade Finance by providing a Documentary Letter of Credit as set forth in UCP600 as well as a Standby Letter of Credit as set forth in ISP98.  These alliances and services help to create opportunities for growth and profitability.

If your company is looking for a strategy to finance goods to fill your orders, or simply to support growth, contact our representatives.


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