Monetizing Banking instruments

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Banking documents clients need to provide so that we can purchase or lease an instrument are:

1. Know Your Client Form  (KYC) 
2. Letter from client's bank indicating the banking officer is ready, willing & able (RWA) to execute the purchase/lease of the banking instrument 
3. Clear color copy of the client’s passport
4. Certificate of incorporation of client’s company

Our 3 easy steps are: 

Step 1: identifying goals and discussing options:

Participating clients need to book a consultation call. Line of Credit.Ai will provide a mutual NDA/NCA, an exclusivity letter that ties Line of Credit to perform a service and fee agreement for the client to sign. Line of Credit.Ai will also provide any other forms the client needs to proceed.

Step 2: Gathering required documents:

Participating clients will need to provide us with signed and completed paperwork. Once  we have received all of the required paperwork from the client (or their broker), we will countersign the fee agreement, the mutual NDA NCA and will provide a deed of agreement. 

Step 3: Execution:

Once the client receives a signed agreement, the client is encouraged to have their legal counsel review the deed of agreement and if satisfied, to sign the agreement. Once a client and related parties have signed all of the required agreements, all parties must execute. 

Fees & Timelines:

Our fees are 2.5% of the face value of the instrument, plus 0.5% for broker fees and we can often execute a contract in 7-10 banking days. 

Banking documents clients need to provide so that we can purchase MTN:

1. Letter of intent that they want to purchase a medium term note.
2. Know Your Client Form  (KYC)
3. Letter from client's bank indicating the banking officer is ready, willing & able (RWA) to execute the purchase/lease of the banking instrument 
4. A Non-Solicitation Letter
5. Clear color copy of the Client passport

If you don’t have any of the above required paperwork, we will provide it for you. 

Our 3 easy steps are: 

Step 1: identifying goals and discussing options:Participating clients need to book a consultation call. Line of Credit.Ai will provide a mutual NDA/NCA, an exclusivity letter that ties Line of Credit to perform a service and fee agreement for the client to sign. Line of Credit.Ai will also provide any other forms the client needs to proceed.

Step 2: Gathering required documents:Participating clients will need to provide us with signed and completed paperwork. Once  we have received all of the required paperwork from the client (or their broker), we will countersign the fee agreement, the mutual NDA NCA and will provide a deed of agreement. 

Step 3: Execution:Once the client receives a signed agreement, the client is encouraged to have their legal counsel review the deed of agreement and if satisfied, to sign the agreement. Once a client and related parties have signed all of the required agreements, all parties must execute. 

Fees & Timelines:

Our fees are 2.5% of the face value of the instrument, plus 0.5% for broker fees and we can often execute a contract in 7-10 banking days. 

Banking documents we need to monetize a banking instrument for you:

1. Know your customer (KYC)/Client Information Sheet (CIS) 
2. Copy of the instrument - that has already been issued
3. Name and contact information of the bank officer who is issuing the instrument. Please note: We don’t work with SBLC providers. We only work with clients who have an instrument that has been issued by a banking officer.

For Medium-Term Note (MTN), additional information is needed as mentioned below:

• Euro clear printout with Custodian information
• A Bank statement that shows that instrument is in the Bank account

If you don’t have any of the above required paperwork, please click here to download them. 

Once downloaded, please sign them and send them back.

Our 3 easy steps are: 

Step 1: identifying goals and discussing options:

Participating clients need to book a consultation call. Line of Credit.Ai will provide a mutual NDA/NCA, an exclusivity letter that ties Line of Credit to perform a service and fee agreement for the client to sign. Line of Credit.Ai will also provide any other forms the client needs to proceed.

Step 2: Gathering required documents:

Participating clients will need to provide us with signed and completed paperwork. Once  we have received all of the required paperwork from the client (or their broker), we will countersign the fee agreement, the mutual NDA NCA and will provide a deed of agreement. 

Step 3: Execution:

Once the client receives a signed agreement, the client is encouraged to have their legal counsel review the deed of agreement and if satisfied, to sign the agreement. Once a client and related parties have signed all of the required agreements, all parties must execute. 

Fees & Timelines:

Our fees are 2.5% of the face value of the instrument, plus 0.5% for broker fees and we can often execute a contract in 7-10 banking days. 

Bankig documents we need from he client if the instrument  has not been issued yet:

If the instrument has not been issued and the client wants to know the loan to value (LTV), or closing 

procedure, the client or their designated broker must book a consultation call. Once a call has been booked, the client is required to send us proof of funds for purchasing/leasing the instrument, information from which bank they want to purchase/lease the instrument from. Once we have all of the required information, we will be happy to consult with the client (and their strategic broker) to answer all of their questions. 

Banking documents we need to for instruments that has not been issued:

1.   Know your customer (KYC)/ Client Information Sheet (CIS) 

2. RWA (Ready, Willing, and able) on Bank letterhead by the issuing Bank

3. Proof of Funds for purchase or lease of the instrument. Oftentimes the fees are 11-75% of the face value of the instrument.

Our 3 easy steps are: 

Step 1: identifying goals and discussing options:

Participating clients need to book a consultation call. Line of Credit.Ai will provide a mutual NDA/NCA, an exclusivity letter that ties Line of Credit to perform a service and fee agreement for the client to sign. Line of Credit.Ai will also provide any other forms the client needs to proceed.

Step 2: Gathering required documents:

Participating clients will need to provide us with signed and completed paperwork. Once  we have received all of the required paperwork from the client (or their broker), we will countersign the fee agreement, the mutual NDA NCA and will provide a deed of agreement. 

Step 3: Execution:

Once the client receives a signed agreement, the client is encouraged to have their legal counsel review the deed of agreement and if satisfied, to sign the agreement. Once a client and related parties have signed all of the required agreements, all parties must execute. 

Fees & Timelines:

Our fees are 2.5% of the face value of the instrument, plus 0.5% for broker fees and we can often execute a contract in 7-10 banking days. 

Banking documents we need to help clients monetize hard assets:

1.   Know your customer (KYC)/ Client Information Sheet (CIS) 

2. 3rd party appraisal of the asset by a reputable appraisal

3. Bank Safe Keeping Receipt (SKR) issued by one of the top banks. 

4. Gemological Institute of America (GIA) Repot (For Gemstones)

5. Insurance wrap

Our 3 easy steps are: 

Step 1: identifying goals and discussing options:

Participating clients need to book a consultation call. Line of Credit.Ai will provide a mutual NDA/NCA, an exclusivity letter that ties Line of Credit to perform a service and fee agreement for the client to sign. Line of Credit.Ai will also provide any other forms the client needs to proceed.

Step 2: Gathering required documents:

Participating clients will need to provide us with signed and completed paperwork. Once  we have received all of the required paperwork from the client (or their broker), we will countersign the fee agreement, the mutual NDA NCA and will provide a deed of agreement. 

Step 3: Execution:

Once the client receives a signed agreement, the client is encouraged to have their legal counsel review the deed of agreement and if satisfied, to sign the agreement. Once a client and related parties have signed all of the required agreements, all parties must execute. 

Fees & Timelines:

Our fees vary from 5% - 18% of the asset value, plus 2.5% for broker fees and we can often execute a contract in 65-185 banking days. 

Download and send the forms related to the instrument or hard asset that you would like us to monetize from any of the above forms  to the following secure email address: monetizehardassets@lineofcredit.ai

You will receive contracts, NDA NCA, etc. from LineofCredit.ai.  

Once you have signed and sent all of our forms, please schedule a call with LineofCredit.Ai associate to discuss your file, monetization process, and next steps to completion.