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I wanted to get into ppp like I have heard about but I wanted to know if leasing sblc is good or not? I was told I can but want to hear from another person? Respond if you can help
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From what I am reading, it doesnt seem that bank instrument leasing is our best route. If you get any info or have any success let me know and I will invest too Thanks, Danny | |||||||||
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We use sblc for crude oil deal, but do not think it work for ppp. I have met people who say it work but they are all brokers.
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Legally NO you cannot use lease instruments in PPP, but :-)
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NO, you cannot use lease instruments in PPP!  | |||||||||||
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Under circumstances being involved in an international transaction and the other party offers a SBLC or BG issued by a bank which is unacceptable for you/your bank. One could accept such a SBLC or BG and in order to stay in business enter into a switch trade often in combination with countertrade and/or barter, a very specialized business. This is usually the case when you have to deal with non-convertible currencies and collaterals difficult to transfer outside the jurisdiction. Professional advise is absolutely a must for all parties (sometimes quit a number) involved, the transactions must be transparent, well documented (documents duly executed etc.), and comply with the law of the respective jurisdictions. If you have no collateral and/or a guarantor (who’s at risk when something goes wrong) it makes no sense to lease. One could lease being a member or belonging to the same group of companies. I have no knowledge of specialized trading firms advertising or promoting financial instruments for lease at the internet. DB. | |||||||||
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Please contact me at wwfunds@yahoo.com. We are direct to a trader facilitator who will explain how this works. All you need to do is request the info.
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What do you mean with: "We are direct to a trader facilitator who will explain how this works." And further, I have no intention to enter into a discussion whatsoever with whomever offering this type of transactions. DB | |||||||||
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Deep Black, no problem. I thought you wanted information. Enjoy your day.
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