© 2019 by Multistream International Pty. Ltd. 

Corporate One

Level 15, 2 Corporate Court, Bundall

Queensland 4218

TEL: (+61) 0459-208-798

LETTER OF CREDIT (LC)

 

Trade Finance & Trade Goods Payment Security Solutions 

Secure Your Letter of Credit (LC) Here!

Our Letter of Credit (LC) is primarily issued by Bank Winter, a European Bank that was founded in 1892, was ranked 16th in the BIS ratio (The Banker) among the 1,000 largest banks worldwide and is one of the largest privately owned Merchant Banks in Europe who specialize in Trade Financing and Investment Banking.

The Letter of Credit has been an important and most popular method of payment in International Trade. It is widely used for the International trading transaction. It is the most effective method to secure payment in an International trade transaction. A Letter of Credit looks for the interest of the parties, the seller and the buyer. In the global information age the nature of international commerce has changed, so has the transaction method. This study will relate the traditional law and practice of letter of credit with the global information age.

Letter of Credit (LC) Benefits

A letter of credit minimizes risk, maximizes control, and optimizes profits associated with international trade by making transactions simpler, smoother and safer for all sides.

Buyer Benefits

  • You may not have the necessary collateral requirements or relationship with the bank to get a letter of credit—but we do.

  • You don’t have to leave deposits with your suppliers, since your letter of credit will be opened for the full amount of the transaction—so your cash is not tied up or at risk while your supplier can often borrow against a letter of credit.

  • You may significantly increase your ability to do business with companies outside the U.S. by bolstering your financial position with your suppliers.

  • You can build safeguards into the letter of credit, including inspection of the goods and quality control, and set production and delivery times. This gives you more quality control over your goods.

Seller Benefits

  • Payment is assured as long as you comply with the terms and conditions of the letter of credit.

  • The credit risk is transferred from the buyer to the issuing bank, which is obligated to pay even if the buyer goes bankrupt.

  • You have easier access to financing and are able to transfer all or part of the letter of credit to another party, e.g., to purchase raw materials.

  • Collection time is minimized, as the letter of credit accelerates payment of receivables, and foreign exchange risk is eliminated when it is issued in the currency of your country.

Brokers & Consultants

Unfortunately Trade Finance DLC, CLC, LC and SBLC are exempt and do not earn Broker Commissions. This is because Trade Finance deals have very small margins and tend to be smaller transactions between 200K and 3M.

Critical Information:
  1. Our Letter of Credit (LC) delivery service is Non Negotiable. We do not change the terms, structure, delivery procedures or prices of this service.

  2. We no not offer FREE Letter of Credits (LC) or allow clients to pay for the Letter of Credit (LC) after they have received it. If the Bank is not paid to send the Letter of Credit (LC), then no Letter of Credit (LC) will ever be sent or delivered. Banks simply do not work for free or on the hope that after they deliver a Letter of Credit (LC) that the client may pay them.

Client Standards:

Multistream International requires clients meet key standards and pass compliance in order for us to consider working with them. We do not accept all clients because doing business with the Team at Multistream is a unique Privilege given solely to real, genuine, authentic clients, not a Right that is attainable by all. 

Summary:

We solely deal with real deals, real people and real Letter of Credits (LC) that need to be delivered to our clients nominated bank account. The Bank SWIFT Network is the Gold Standard that validates all aspects of this transaction and provides a respected industry platform where a safe settlement can be facilitated. Close your successful Letter of Credit (LC) transaction with Multistream International today.

Documents Required:
  1. Contact us to receive the Letter of Credit (LC) Application

  2. Complete all pages of the Letter of Credit (LC) Application and email it to: multistream@protonmail.com

Critical Compliance Criteria:
  • Accepted Criteria: Clients that comply with our required Client Standards and accurately and correctly complete the Letter of Credit (LC) Application.

  • Rejected Criteria:

  1. Any Letter of Credit (LC) that is required to be delivered to a Provider on our Banned Providers List.

  2. Any Letter of Credit (LC) application where the client cannot or does not want to pay the required Deposit.

  3. Letter of Credit (LC) required for a clients in Austria.

5 Reasons to use MULTISTREAM to deliver a Letter of Credit (LC) for you:
  1. 72 Hour Delivery - We normally deliver Letters of Credit (LC) within 72 hours of all documentation and payments being completed.

  2. Any Country - We will issue Letters of Credit (LC) for the import/export of goods from ANY country except Austria.

  3. Any Currency - We will issue Letters of Credit (LC) in almost any currency except Renminbi.

  4. Lower Fees - Our fees for issuing Letters of Credit (LC) are more cost effective than many larger public banks.

  5. Less Restrictive - Our required control clauses for a Letter of Credit (LC) are much easier than other banks.

We use the Bank SWIFT Network to have the clients Letters of Credit (LC) delivered Bank to Bank. We operate a reliable, efficient delivery and authentication process to ensure all Letters of Credit (LC) are successfully delivered for our clients.

Client Deposits are 100% Protected with 2 Levels of Protection

We value our relationships with our clients so much that ALL CLIENT DEPOSITS for Letters of Credit (LC) receive 2 Tiers of Protection which are:

  1. Corporate Refund Undertaking

  2. Non Performance Penalty

Letter of Credit (LC) Costs

Costs are customized to each Goods transaction and therefore a exact quote can be provided once an completed application is received, but as a pricing guide:

  • A 90 Day Letter of Credit costs 3.3% plus a $500

  • Additional 30 Day periods cost .6% plus $150

Estimated Completion Time:
  • Letters of Credit (LC) are normally issued within 72 hours of all documentation and payments being completed by the Applicant.

Closing Process

Step 1: Application. Complete and return the Letter of Credit (LC) Application and Pay the $185 USD Application fee.

Step 2: Issuing of Draft. We will then create a draft of the Letter of Credit (LC) for you and your supplier to review.

Step 3: Draft Review and Opening Payment.
a) Once you and your supplier finalize the draft and sign off your acceptance of the draft (changes are free of cost).
b) We then issue you with an Invoice for the Letter of Credit (LC), which you arrange to pay.
c) Upon receipt of your wire payment, we release the finalized Letter of Credit (LC) to the bank for issuance and delivery.

Step 4: Issuance. Typically, the bank will issue the Letter of Credit (LC) within 48 hours of release. Upon issuance, we email you a copy of the LC as transmitted by SWIFT, including the LC reference number. Your supplier’s bank should receive and confirm the Letter of Credit (LC) transmission shortly thereafter.

Step 5: Presentation of Documents. Once the supplier has prepared and loaded the goods for transit, they must present the specified documents for that shipment to their bank. Their bank will transmit these documents to our bank. We will email you copies of the presentation (and all documents submitted by the supplier) for your review and approval.

Step 6: Payment for Goods. Before our bank releases the original documents, we must receive payment for the presentation. Upon receipt of payment, we consign the documents to you and overnight them to your freight forwarder or whomever you designate – thus completing the transaction.

Contact Us

Level 15, 2 Corporate Court,
Bundall, Queensland Australia

 info@multistream.com.au  |  Tel: 0459-208-798

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