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Premier Trade Finance Solutions

NTUA INVESTMENT GROUP (NIG) is the premier provider of trade finance and project finance bank instruments: Pre-Advice/RWA messages, Bank Comfort Letter (BCL) Documentary Letters of Credit (DLC), Standby Letters of Credit (SBLC), Bank Guarantees (BGs), Proof of Funds, and various SWIFT messaging services. We issue instruments, from prime banks, secondary banks, and financial institutions; and transmit SWIFT MT 760, MT 700, MT 799/199, and other messages on behalf of our clients.

Our Services

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1. Documentary Letter of Credit (DLC) MT 700

Many primaries use of our documentary letter of credit is to facilitate the movement of goods from one country to another. In some cases, we are able to provide instruments for credit enhancement, allowing the beneficiary to take better advantage of existing credit facilities.

Our clients fall into two broad categories:

a) Clients buying goods on a regular basis to hold stock or fill regular orders:

b) Trading Companies, middlemen and Brokers

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2. Standby Letter of Credit (SBLC), Bank Guarantees (BGs) MT 760

A standby Letter of Credit or Guarantee is an undertaking to pay in the event of default. Standby letter of credit and Guarantees can be written in a number of different ways, allowing them to be applied to many different types of transactions.

Our standby letter of credit have been used for:

▪ Purchase and sale of goods

▪ Credit Enhancement

▪ Real Estate

▪ Proof of Ability

Because SBLC and BGs are so versatile, it’s possible to give a description of all the different types of transactions that they might be right for. If you have a transaction that you think might be for a SBLC or BG, please speak with one of our agents.

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3. SWIFT Messaging MT 799/199

Many of our clients find themselves in a “Chicken and Egg” situation. They want to start a deal and so does the other party-buyer or seller. But no one wants to commit themselves first. The buyer doesn’t want to issue a letter of credit until the supplier has issued a performance bond. The supplier doesn’t want to issue a performance bong until the buyer issues a letter of credit. Our SWIFT messaging can help start the transaction.

SWIFT message can be used to

▪ Send a corporate payment undertaking

▪ Send official acceptance of a contract

▪ Show proof of ability and readiness to enter into a transaction

▪ Any business-related message that benefits from the added weight of going through the SWIFT system.

INSTRUMENT ISSUANCE PROCEDURES

At Ntua Investment Group (NIG), we specialize in providing trade finance solutions to clients in the commodities industry, particularly those who have special relationships that allow them to secure preferential pricing when purchasing commodities. Clients can work with us in two ways:

1. Standard Issuance Procedure (SIP)

2. Joint Venture (JV)

For a client to qualify for the Joint Venture method, the following conditions must be met:

• The client must be purchasing a tradable commodity at a favorable price.

• The Letter of Credit must require that the full set of bills of lading be consigned to the issuer.

Standard Issuance Procedure (SIP)

I. NIG provides the client with a draft of the trade finance instrument.

II. The client reviews the draft with any relevant third parties (e.g., the beneficiary).

III. If necessary, the client requests changes by completing and submitting the NIG Amendment Form.

IV. NIG provides a revised draft. The client reviews the changes, repeating step III if further amendments are needed. If no further changes are required, proceed to step VI.

V. The client provides NIG with the following documents:

• A signed and approved copy of the final draft for issuance

• Certificate of incorporation of the client’s company

• A list of shareholders of the client’s company

• A passport copy of the main shareholder of the client’s company

• The NIG Agreement, signed by the authorized signatory of the client’s company

VI. NIG receives the required issuance fees as per the agreement.

VII. The issuing institution issues the instrument as per the wording approved by the client.

VIII. The client receives a SWIFT copy of

Joint Venture (JV) Procedures

In this method, clients who cannot pay the full issuance fees upfront can proceed with their deal. The steps are as follows:

I. Instrument Draft: NIG provides the client with a draft, which is reviewed and approved.

II. Initial Fee: The client pays an initial fee to cover the cost of sending a SWIFT message to the beneficiary’s bank.

III. Client Documents: The client submits a completed application form and their Client Information Sheet (CIS).

IV. SWIFT Message: NIG sends a SWIFT message to the beneficiary’s bank to confirm that they will advise the instrument and that the beneficiary will ship upon receiving the advised LC. Fees for this message are based on RWA/Pre-Advice pricing.

V. Issuance: Upon receiving confirmation from the beneficiary’s bank, NIG issues the original instrument without any additional upfront fee.

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Contact Us

info@ntuainvestmentgroup.co.com

+255 699 327326

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