SBLC Leasing Transaction
JWT Brokers Multi Billion Euro SBLC Leasing for Client
We are pleased to announce that we have successfully brokered a Multi Billion Euro SBLC leasing for one our clients in Asia. The customer was looking for Working Capital to finance their import / trading operations of commodities.
JWT Corp in partnership with our Dubai based regional Representative was able to negotiate a multi Million Euro SBLC in Several Tranches to meet the clients requirement on a weekly basis.
Each SBLC was brokered for a period of 1 year and 1 day with the leasing client paying 50% of the value of the SBLC to the issuer. Our Team was able to maintain the standard brokerage of 1+1% despite the volume of the instrument the buyer wanted.
We intend to expand this line of business as our major activity from 2019 in view of the revenue generated.
The board thanks all people involved in the transaction