Standby letter of credit MONETIZATION

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No, We have a global presence with 60% of our partners, clients and investors based outside of Singapore.

Minimum face value is 1M and maximum is 1B+

SBLC monetization can benefit a wide range of projects, including business expansions, large-scale construction projects, infrastructure developments, and trade financing.

Yes, WEE makes direct applications to Top AA rated banks on behalf of our clients and with our influence in the banking world, we stand as guarantors to guarantee clients performance, making SBLC issuance easy and straightforward.

It usually takes about 10 business days to enable from application to enable us perform all regulatory checks on customers prior to issuing the bank instruments

Yes, service fees are non-negotiable and must be paid prior to contract execution.  These fees do not only cover bank charges but also present our clients to be credit worthy while making us a committed guarantor.

Benefits include providing assurance to the beneficiary of payment, facilitating international trade, and substituting the need for upfront cash payments.

Yes, there are fees associated with the monetization process, including administrative fees. These will be clearly outlined in the agreement.

SBLC/BG generally cost about 3% of the face value to lease the instrument and 20% of the face value to purchase a fresh cut bank instrument. Any fees paid upfront is deducted from the total cost.

Wee offer full refund of any fees paid if for any reason a customer expresses unsatisfactory experience.

An SBLC can be canceled by the issuing bank before it is utilized, but once it is in effect and used by the beneficiary, it cannot be canceled unilaterally.

Yes, SBLCs can be transferred or assigned to a third party (assignee) as long as the terms and conditions allow for such transfer.

Typically, you'll need to submit documents such as company registration certificates, financial statements, and details of the beneficiary.

SBLCs typically have a validity period, often ranging from one to two years, during which the beneficiary can make claims.