A documentary letter of Credit (DCL) is the bank's promise to pay a seller on behalf of the buyer as long as the seller complies with precisely defined terms and conditions specified in the credit. Documentary Letters of Credit are popular with various Asian companies that are in the commodity industry. Both parties of the transaction are applicant, beneficiary, and assurance of payment.
Line of Credit helps customers monetize their documentary letters of credit by up to 80% LTV, and we often close a transaction between 3-10 banking days.
Please note: There are no upfront fees if the client comes fully prepared with all of the required paperwork to start a transaction.
For clients who are not ready to start a transaction, and don't have their paperwork ready, and need access to our time, intellectual property, or need to get educated on how banks monetize a documentary letter of credit, we offer 1:1 coaching calls. These coaching calls are "paid coaching calls," and you book them with us via this link: