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take advantage of our (DLOC) documentary letter of credit for all projects.

Provided by Ekens Global Holdings and Consolidations

Banking Instruments, Escrow Agent, Trusty And Assets Control Managements

APPLY FOR OUR BANK GUARANTEE OR DLOC

Make Sure You Talk to Your Local Bank For Monetization before submitting an application.

What is DLCO

A documentary letter of credit is a really crucial financial instrument for meeting the short-term needs. It enables the recipients for obtaining the important credit for financing the project. The recipients hope of getting sufficient return for settling the due amount in the provided time frame.

What are the advantages of our banking Instruments

The benefits of using our instruments are,  The flexibility of these terms is the most benefits of the banking instruments, There are plenty of delivery options available for the banking instruments, and have many option of lending  no matter the kind of projects you are into.

Bank Instruments, Escrow Agent, Trusty And Assets Control Managements

Ekens Global Holdings and Consolidation aim to accelerate your import & export business transactions and connect you to new opportunities.
Our bank guarantee means that the lending institution ensures that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it. A bank guarantee enables the customer, or debtor, to acquire goods, buy equipment or draw down a loan.
Note Ekens Global does not involve in monetization of any bank instruments thus is your responsibility to negotiate with you banking institutions to be sure of monetizing you instruments before submitting an application to us

Our Banking Instruments

We have the right resources in assisting your banking instruments leasing Ekens Global Holdings and Consolidation Specialized in Financial Instruments such as BG Bank Guarantee and Standby Letter of Credit SBLC. and Documentary Letter of Credit, a guarantee that provides assurance to the beneficiary that he will get the payment as ascribed on the documentary letter of credit. With condition that the compliant presentation should be under the documentary letter of credit. This documentary letter of credit is commonly used for international transactions where both the buyer and the supplier have a new relationship and operate from different countries.

 
WE UNDERSTAND THE DIFFICULTY YOU FACE WITH YOUR LOCAL BANK

We are here to make your business succeed with our documentary letter of credit which is a crucial financial instrument for meeting short-term needs. It enables the recipients for obtaining the important credit for financing the project. The recipients hope of getting sufficient return for settling the due amount in the provided time frame.
The documentary letter of credit showcases the documents and information that are needed by the beneficiary on presentation which includes the expiry information like date and time of the letter. The compliant presentation is a kind of guarantee given to the beneficiary by the documentary letter of credit to get paid. The only criterion is that the delivery conditions should be met.

Ekens Global Holdings and Consolidation

Ekens Azubuike, President and CEO.

Ekens Global Holdings and Consolidation is your best choice in facilitating your Bank Guarantees for any kind of projects as long as you agree with your local financial institution on the monetization of the instruments, in terms of promise made by the bank for meeting the liabilities of a debtor when a person fails to fulfill his contractual obligations. There are two types of bank guarantees

Advance payment guarantee

Issued under the Seller’s instruction in favor of the Buyer for advance payment. Provides return of the sum in case goods are not delivered.

Tender guarantees

This type of guarantee is generally an obligatory condition to participate in tender.

Payment guarantee

Issued under the Buyer’s instruction in favour of the Seller. Provides execution of the payment obligation by the Buyer under the contract.

Performance bond

Issued under the Seller’s instructions in favour of the Buyer as a guarantee of proper fulfilment of contract obligations by the Seller.

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Understanding what is the Standby Letter of Credit

A standby letter of credit (SLOC) is a legal document that guarantees a bank's commitment of payment to a seller in the event that the buyer or the bank's client defaults on the agreement

Ekens Global Holdings and Consolidation is ready and willing to deliver the messages of  POF & RWA to your designated bank of choice.  (RWA) is a document that a bank or a financial institution issues on the clients’ behalf. The document showcases the capability and intent (both financially and legally) for entering into the financial transactions.

  • Our Banking Instruments  provides our clients with SBLCs (Standby Letters of Credit or Bank Guarantees) for any transaction.
  • The Standby Letter of Credit or SBLC, as well as the Bank Guarantee (hereafter ‘Bank Guarantee’), is a payment guarantee generally issued by a bank
  • The issuing bank issued it on behalf of a client or the applicant or to a third party or the beneficiary for the case that the client fails to fulfill a contractual commitment.

  • Bank Guarantees demonstrate the client’s repayment abilities and prove his solvency and credit worthiness towards his business partners.

  • We facilitated Bank Guarantees behalf of clients for international trade transactions, as collateral and as credit enhancement instruments. The use of Bank Guarantees is advantageous for companies that do not want to stake own equity.

OUR PROCEDURE AND CLIENT APPLICATION.

EKENS GLOBAL BANKING INSTRUMENT OFFER FOR ALL INDUSTRY BG/SBLC/LC/POF

PLEASE READ CAREFULLY BEFORE SUBMITTING ANY TYPE OF APPLICATION 

  1. We are pleased to invite you to review and take advantage of our experienced intermediary on the opportunity of banking instruments offer for trading or projects of any kind.
  2. We provide to corporations, institutions, governments, and entrepreneur’s profound solutions and a broad range of financial products for our clients’ individual needs

IN THIS REGARD

  1. We write to inform you that we are ready and able to deliver bank instruments to you in the form of BG/SBLC/POF/LC to your nominated bank and to coordinates strictly in adherence with the following set of procedures:

NOTE: 

  1. We work with trusted institution with long-term experience in provision of premium bank instruments
  2. Kindly review our procedures and inform us of your readiness to proceed on the following.

OUR STANDARD SPECIFICATION OF INSTRUMENTS:

  1. -STANDBY LETTER OF CREDIT (SBLC)
  2. -BANK GUARANTEE (BG)
  3. -PROOF OF FUND (POF)
  4. -DOCUMENTARY LETTER OF CREDIT (LC)
  5. -FACE VALUE: STARTING AT USD 250,000.00
  6. VALIDITY TERM: One Year and One Day (With the option of Rolls and Extension)
  7. DELIVERY MODE: Bank to Bank Swift MT799, MT999, MT700, MT760 or paper form
  8. PAYMENT MODE OR SETTLEMENT: MT103
  9. HARD COPY: By Bank Bonded Courier within 7 banking days after delivery of Swift.
  10. Bank Instruments, Escrow Agent, Trusty and Assets Control Managements 

ISSUING BANKS:

  1. HSBC Bank London,
  2. Barclays Bank London,
  3. Deutsche Bank AG Frankfurt
  4. Or any other first class reputable and acceptable bank instruments institution

FEES BASE ON FACE VALUE:

  1. Bank guarantee (BG) or Standby letter of credit (SBLC)
  2. Validity: From 6 months to one year (plus 1 day)
  3. Currency: USD or EUR
  4. 500,000 9.1%
  5. 1,000.000 6.7% 24.2,000.000 5.1%
  6. 5,000.000 4.8%
  7. 10,000.000 4.2%
  8. 10,000.000 UP 3.5%

LETTER OF CREDIT:

  1. Validity: (3) Months
  2. Currency: USD – EUR
  3. 500,000 5.1%
  4. 1,000.000 4.8% 32.2,000.000 4.5%
  5. 5,000.000 4.5%
  6. 10,000.000 3.2%
  7. 10,000.000 UP 2.5%

PROOF OF FUND

  1. Validity (1) Month
  2. Currency: USD-EUR
  3. 1,000.000 4%
  4. 5,000.000 3.1%
  5. 10,000.000 2.5%
  6. 10,000.000 UP 2.1%
  7. Note: you can lease our instruments as often as once per week. if you intend to lease more than 500 Million USD or Euros based on your projects.

BANK PROOF OF FUNDS:

  1. Our bank proof of funds irrevocably confirms funds availability by SWIFT from major banks. Amounts between $10 Million and $500 Million USD are readily available; larger amounts can be arranged.

Bank Instruments, Escrow Agent, Trusty and Assets Control Managements 

TRANSACTION PROCEDURE:

  1. GENERAL PROCEDURE TO APPLY FOR OUR BANK INSTRUMENTS:
  2. The applicant sends an application for review.
  3. The application must be accompanied with the applicant letter of intent and original statement of accounts showing the necessary amount to cover the leasing fees.
  4. Once the application pass the preliminary approval an agreement between our Bank and the client will be drafted.
  5. Upon signing of the agreement, the applicant places the fee either into an escrow account of the issuer. (TERMS) (The fee is only due upon fulfillment of an agreement.
  6. Next, the bank instrument is issued and delivered to the beneficiary.
  7. Issuer respectively disposes the fee in accordance with the agreement.
  8. We are standby to clarify any question you may stand in need and look forward to serving you.
  9. This letter in purpose to make our transaction offer favorable and understandable to our clients
  10. We advise you to contact your local bank on the formalization of monetization as we do not get engaged on monetization of any form
  11. This letter serves as our preliminary offer to you.
  12. Your initial application which would be accompanied by the letter of intent from your local bank must includes your original bank statement of accounts showing the necessary amount to cover the fees of the intended leasing instruments
  13. Applicant must submit the hardcopy of their application through official registered courier such as DHL or UPS or FedEx or others

REGARDS

(Ekens Azubuike, President, 

EKENS GLOBAL HOLDINGS AND CONSOLIDATIONS

GIVE US A CALL AND WE WOULD GET BACK TO YOU SHORTLY

+1 (514) 446 6389

SUBMIT APPLICATION FOR STANDBY LETTER OF CREDIT

102

Clients

88

Returning customers

18

Academic Awards

16

Years of experience

Corporate Office:

  • 1250, Rene-Levesque, Blvd. West,
  • Montreal, H3B 4W8 Quebec, Canada

Contact

  • info@ekenssecurity.com
  • +1 (514) 446 6389

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