Standby Letter of Credit
Contingent payment or performance support for a defined contractual obligation.
Bank Instruments Self-Service Portal
Apply for an SBLC, Bank Guarantee, Letter of Credit or Proof of Funds
Complete the commercial eligibility check, review the applicable retainer, select two or three preferred issuing banks, provide the beneficiary or recipient details, and upload the requested wording and supporting documents. After submitting the complete application, make the retainer payment through Financely’s official bank-details page so the best-efforts engagement can begin.
Bank instruments must support a real, verifiable commercial transaction.
Image sourced from Unsplash.
One Intake Process for Four Commercial Instruments
This portal is for corporate applicants seeking a documentary letter of credit, standby letter of credit, bank guarantee or transactional proof of funds. It is not for personal use, immigration matters, balance-sheet rentals, trading programs or requests to monetize an MT199, MT799 or BCL.
Financely performs the mandate on a best-efforts basis. Your preferred banks are non-binding preferences. Issuer selection, wording, collateral, pricing and timing remain subject to underwriting, KYC, sanctions screening, beneficiary acceptance and the issuing institution’s final approval. Financely does not place transactions with non-rated banks.
Retainer and Indicative Cost Schedule
The Financely retainer is payable to activate the best-efforts advisory, structuring and placement mandate. The figures below are screening ranges, not a bank quote or commitment to issue. Final economics depend on the applicant, instrument amount, transaction, wording, collateral, issuer, beneficiary, jurisdiction and tenor.
| Instrument | Financely retainer | Indicative bank or funding cost | Typical collateral or margin | Indicative timeline |
|---|---|---|---|---|
| SBLC | USD 50,000 to 75,000 | Issuer commissions may fall around 1.5% to 5% per annum | Commonly 20% to 100%, subject to credit and structure | Structuring target 5 to 10 business days, followed by bank review |
| Bank Guarantee | USD 40,000 to 75,000 | Issuer commissions may fall around 1.5% to 5% per annum | Commonly 20% to 100%, subject to risk and call mechanics | Structuring target 5 to 10 business days, followed by bank review |
| Letter of Credit | USD 35,000 to 65,000 | Bank fees vary. Funded or discounted facilities may price at a benchmark plus 4% to 12% per annum | Cash margin or an approved credit line, commonly 10% to 100% | Structuring target 5 to 10 business days, followed by bank review |
| MT199, MT799 or BCL | USD 25,000 | Issuer or service charge. No interest applies because this is not a funded facility | Evidence of capacity and source of funds remains required | Often 5 to 15 business days after a complete file, subject to the provider |
| Collateral workstream | USD 15,000 add-on | Does not include the collateral, margin or external funding cost | Applicant must disclose available support and repayment sources | Runs alongside structuring and may extend the overall timeline |
| Rush processing | USD 5,000 add-on | Priority Financely review and document structuring only | Does not change bank collateral requirements | Targets a 1-business-day initial review and 3 to 5 business-day structuring cycle |
Potential issuing-bank universe
JPMorgan Chase
Bank of America
Citibank
HSBC
Standard Chartered
Barclays
Deutsche Bank
BNP Paribas
Santander
ING
Bank of China
China Construction Bank
These institutions are examples of potential preferences only. Financely does not imply affiliation, committed capacity or guaranteed access to any named bank. The final route may involve another acceptable institution.
Rated banks only Financely does not work with non-rated banks. Any proposed issuer must be regulated and must meet Financely’s institutional credit, compliance and jurisdictional standards. A client preference may be rejected where the proposed bank does not satisfy those requirements.
Available Instrument Workstreams
Bank Guarantee
Payment, performance, advance-payment, bid or other commercial guarantees.
Letter of Credit
Sight, usance, UPAS or other documentary credit structures tied to shipment and presentation.
Transactional Proof of Funds
Commercial capacity confirmation for a live transaction. It is not a guarantee or payment undertaking.
What the Retainer Covers
Eligibility and Transaction Review
Review of the applicant, beneficiary, commercial purpose, requested wording, transaction structure and initial compliance risks.
Structuring and Bank-Ready Preparation
Instrument selection, wording review, collateral strategy, transaction narrative and preparation of a coherent bank-facing package.
Targeted Issuer Placement
Best-efforts outreach to suitable rated banks, regulated providers and relevant counterparties based on the completed transaction file.
Execution Coordination
Coordination of questions, conditions, wording comments, compliance requests and closing steps through the agreed mandate.
Best-efforts mandate The retainer pays for Financely’s professional time, transaction structuring, underwriting preparation, placement work and execution coordination. It does not purchase an instrument, guarantee issuance, guarantee a bank response or include bank commissions, collateral, SWIFT, advising, confirmation, legal, insurance or other third-party charges.
Procedure and Target Timelines
Application and Retainer Payment
Submit the complete file, accept the fees and make the retainer payment.
Day 0Compliance and Initial Review
KYC, transaction fit, wording, collateral and bankability are reviewed.
Standard 2–3 business daysStructuring and Placement
The bank-ready package is refined and presented on a best-efforts basis.
Standard 5–10 business daysBank Review and Issuance
The issuer controls underwriting, conditions, pricing, approval and delivery.
Often 2–6 weeksUSD 5,000 rush processing option Rush processing prioritizes Financely’s internal review and structuring. It targets an initial review within one business day and a 3 to 5 business-day structuring cycle where the file is complete. It does not accelerate KYC providers, legal counsel, correspondent banks, the issuing bank or the beneficiary’s review and therefore does not guarantee a faster issuance date.
Wording, contracts, KYC and counterparty details are reviewed before any
bank-facing process begins. Image sourced from Unsplash.
Frequently Asked Questions
Does paying the retainer guarantee issuance?
No. The retainer pays for Financely’s professional work. The issuing bank or provider makes the final decision after underwriting, KYC, sanctions, collateral, wording and beneficiary review.
Can I choose the issuing bank?
You can select two or three preferred banks. The final issuer may be different because eligibility, jurisdiction, transaction type, collateral and bank appetite determine the available route.
What does the USD 15,000 collateral add-on cover?
It covers a separate workstream to assess, structure and seek an acceptable collateral or margin solution. It is not the collateral itself and does not guarantee that collateral financing will be approved.
Can a transactional MT199, MT799 or BCL be monetized?
No. Transactional proof of funds is a commercial confirmation tool. It is not a guarantee, payment undertaking, security or transferable product that can be monetized, pledged, traded or sold.
When is the finder’s fee payable?
The finder’s fee becomes payable only upon successful issuance, delivery or closing, as defined in the final engagement agreement. It is separate from the retainer and third-party bank costs.
What exactly does the retainer cover?
The retainer covers transaction review, structuring, wording review, underwriting preparation, bank-ready documentation, targeted best-efforts placement and execution coordination. It does not include the instrument itself, bank commissions, collateral, SWIFT, legal, confirmation, advising, insurance or other third-party costs.
Do you work with non-rated banks?
No. Financely does not pursue issuance through non-rated banks. Any issuer must meet Financely’s credit, regulatory, compliance and jurisdictional standards.
What does the USD 5,000 rush fee cover?
It prioritizes Financely’s internal review and structuring, targeting a one-business-day initial review and a 3 to 5 business-day structuring cycle for a complete file. It cannot accelerate or guarantee bank, correspondent, compliance, legal or beneficiary approval.
Financely provides corporate-finance advisory, structuring, underwriting
preparation and placement support on a best-efforts basis. Financely is not
a bank, deposit-taking institution, direct issuer or guarantor. Nothing on
this page is a commitment to issue an instrument, lend, provide collateral,
confirm funds or accept particular wording. All applications remain subject
to KYC, AML, sanctions screening, source-of-funds review, counterparty and
transaction diligence, legal review, issuer approval, beneficiary or
recipient acceptance and definitive documentation. Bank names are included
only as applicant preference options and do not imply affiliation,
authorization or committed capacity. Financely does not work with non-rated
banks and may reject any proposed issuer that does not meet its standards.
Proof of funds services are limited to
legitimate corporate transactions and cannot be used for personal matters,
immigration, balance-sheet rental, trading programs, resale or
monetization. Applicants should obtain independent legal, tax and regulatory
advice before entering into any transaction.