Financial Services Consultancy

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Investment 101 Limited

New Zealand

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Personne Ã contacter Michael

36 Raumati Tce, Wellington, Wellington

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SpÃ©cification du produit

Bg,SBLC,LC,DLC,Bonds:Good

La description

Mike Wong Financial Services is the premier provider of trade finance and project finance instruments:

Pre Advice/RWA messages, Documentary Letters of Credit, Standby Letters of Credit, Guarantees, Proof of Funds, and various SWIFT messaging services. We issue instruments from prime banks, secondary banks, and financial institutions; and transmit SWIFT MT **0, MT **9, and other messages on behalf of our clients.

Our products:

Documentary Letters of Credit

The primary use of our documentary letters 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:

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

The client is opening letters of credit or making deposits to his supplier, etc. This means that he is using his money (either depositing at the bank or with the supplier) before he has the goods. When he opens the LC through us, he doesnt need to use his money until the goods have shipped, and in many cases until they have arrived at their destination point.

This can be *0, *0, *0, **0 days after the LC was opened. The longer the manufacture and shipment period, the more advantageous it is for the client to use our letters of credit.

Instead of locking his money up with his supplier, he can use his money to hold stock,

finance credit terms to regular buyers, market, etc.

- Trading companies, middlemen, and consultants.

This type of client has a buyer already lined up for the goods that he is trading. The buyer wants to pay Cash Against Documents for the goods, but does not want to make a deposit or open an LC until the goods are already on their way or have arrived at their destination port. The middleman needs to arrange for the goods to ship so that he can finish the deal.

The supplier wants a deposit or an LC before he will ship the goods. The middleman opens the letter of credit through our company. When the goods are shipped he arranges for his buyer to pay for the goods on a Cash Against Documents basis. The client is less limited in

the number of deals that he can do, since he doesnt need to invest his own capital to the same degree in each deal.

In either case, we open letters of credit to cover the shipment time of the goods. When goods arrive at their destination, our bank must receive the full value of documents submitted under the LC before they will release those documents.

Standby Letters of Credit, Guarantees

A Standby letter of credit or Guarantee is an undertaking to pay in the event of default.

Standby letters 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 letters of credit have been used for

Mike Wong Financial Services

- Purchase and sale of goods

- Credit Enhancement

- Real Estate

- Proof of Ability

Because Standby Letters of Credit and Guarantees are so versatile, its impossible 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 Standby or Guarantee, please speak with one of our agents.

SWIFT messaging

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 doesnt want to issue a letter of credit until the supplier has issued a

performance bond. The supplier doesnt want to issue a performance bond until the buyer issues a letter of credit. Our SWIFT messaging can help start the transaction.

SWIFT messaging 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 We work with many different financial institutions, large and small. Please ask one of our agents for our latest tariff and institutions list. Please note if a specific line is full, or a bank might reject a specific transaction, we will suggest an alternative. Different institutions also

have different costing. Costing can be effected by the credit line availability, the size of the transaction and its risk level, or many other factors.

We work with intermediary and introducers, and will be happy to discuss commissions and wholesale pricing.

Pays:	New Zealand
N Â° de modÃ¨le:	-
Prix FOB:	(Negotiable) Obtenir le dernier prix
LocalitÃ©:	-
Prix de commande minimale:	-
Commande minimale:	-
Packaging Detail:	-
Heure de livraison:	-
Capacité de Fournir:	-
Payment Type:	-
Groupe de produits :	-