- Fast issuance of MT-760 within 10 business days.
- No foreign remittance is required. All financial transactions through Indian Banks.
- Financial instruments from reputed international banks with great credit rating.
- Transparent and efficient processes.
- 1% commission on the face value of issued instruments.
- Performance bonuses for achieving targets.
- Repeat client commissions for up to 2 years.
- Access to marketing materials and co-branded campaigns.
- Dedicated relationship manager for seamless communication.
- Comprehensive training and lead generation assistance.
- Base commissions and performance bonuses.
- Quick payouts within 3-5 business days after issuance.
- Reward programs for top-performing agents.
- Regional exclusivity for designated territories.
- Client retention clause for future deals.
- Priority processing for referred deals.
- Sign the partnership agreement and complete onboarding.
- Attend training sessions to understand services and processes.
- Begin referring clients and earning commissions.
Procedure to Obtain an Overseas Bank Guarantee in India
Step 1: Submit Letter of Intent (LOI)
Client/Beneficiary must submit a Letter of Intent (LOI) stating clearly:
- Purpose of BG/SBLC
- Value of the Instrument required
Step 2: Provide Required Documents
Along with the LOI, the following documents are required:
- Client Information Sheet (CIS)
- Passport copy of the authorized representative/owner of the company
- Board Resolution approving the issuance of the financial instrument
- Proof of Funds (POF) covering the issuance cost
Step 3: KYC and Due Diligence
We will perform due diligence and KYC verification of all submitted documents and provide formal acceptance.
Step 4: Formal Agreements
We will provide a Term Sheet and Underlined Agreement for the client/beneficiary to review and sign.
Step 5: Bank Submission and Verbiage Approval
The signed documents will be submitted to our bank and the client/beneficiary's bank to initiate the issuance process. Standard verbiage will be shared, and modifications (if allowed by our bank) can be requested at this stage.
Step 6: Payment of Issuance Cost
The client/beneficiary will pay the issuance cost as per the Term Sheet. Once payment is received, we will confirm the receipt with the client's bank.
Step 7: Instrument Issuance
We will issue the financial instrument via MT-760 within three business days. If required, a hard copy will be sent via bonded courier to the official address of the client/beneficiary.
Issuance Cost: 12% of the face value of the financial instrument.