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Our Services
Financial Instrument "Discounting"Amkel is able to offer the discounting for approved financial instruments (Standby Letters of Credit, Bank Guarantees, etc) through a number of its banking sources in the United States, and Europe. The normal fees involved for such undertakings are as follows:
A copy of the financial instrument to be considered for such discounting services should be provided to Amkel with any and all appropriate attachments establishing ownership (title) from the beneficiary.
Clients should ensure that any financial instrument to be considered for discounted could be transferable to Amkel and or its designated assignee. After review and consideration of the financial instrument, and upon approval from our banking sources, a Conditional Funding Agreement will be submitted to the client. Depending upon the terms, issuer, amounts, etc., (e.g. 60% - 80% of discounted value can normally be provided, within a 1-2 business day time frame. Clients should be realistic about the total value of the actual funds to be received from the discounting of financial instruments. On a normal basis, a fraction of the value can be provided by Amkel. The normal purpose of discounting any financial instrument by a client would be to receive an immediate positive cash flow infusion into the company for operating purposes. The present value is of course the funds received now in consideration of future receipt of funds. The normal procedures for the discounting of financial instruments by Amkel would be to issue a fully-bank responsible conditional funding commitment to beneficial owner, who would either direct their bank to issue a fully-bank responsible MT799 confirming ownership, and delivery upon payment, and then issue directly a fully-bank responsible MT760 to our purchasing account. Alternatively, have the beneficial owner's bank issue directly to Amkel discounting ("purchasing") bank a fully-responsible MT760 for immediate settlement. Of course whatever the final agreed upon procedures, they must be adhered to in a final funding commitment contract to be issued by Amkel following validation of all the information presented. The client should be aware that Amkel requires the payment of an accountable expense allowance in order to undertake any proposed business activity regarding the "discounting" of financial instruments.
Contact Information
Amkel Capital Russia
Amkel Capital
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