SBLC Monetization – Non-Recourse Loan up to 85% LTV
A premium, institutional-grade non-recourse funding solution that converts eligible SBLC/BG instruments into cash, with up to 85% Loan-to-Value (LTV), structured strictly bank-to-bank via SWIFT MT799 / MT760.
For qualified corporate, institutional and sovereign-linked clients only. This is not a retail product and not an investment solicitation. All participation is subject to full KYC/AML, compliance review and contractual agreements.
The program delivers a non-recourse loan backed by an eligible SBLC/BG. Once the monetization is complete, the client has no repayment obligation vis-à-vis the monetizer.
- SBLC / BG – Cash-backed, IRREVOCABLE, MT760
- Top-tier banks only: Barclays, HSBC, Deutsche, UBS, Citi, etc.
- Standard tenor: 1 year + 1 day
- Large infrastructure & energy projects
- Real estate portfolios & M&A transactions
- Mining, agriculture, logistics and PPP mandates
Turning Dormant Banking Instruments into Institutional-Grade Capital
Every year, corporations, funds and project sponsors hold valid SBLC/BG instruments without accessing their full financing potential. Traditional banking channels are often slow or unwilling to structure non-standard facilities, leaving projects underfunded or delayed.
NNRV Trade Partners bridges this gap by providing access to a highly specialised network of international monetizers capable of transforming an eligible SBLC/BG into a non-recourse loan with up to 85% LTV. This means:
- Immediate access to substantial cash liquidity.
- No equity dilution, no shareholding impact.
- No capital repayment obligation to the monetizer.
- Funding strictly framed by ICC, SWIFT and contractual rules.
Designed For
- Corporate groups with existing SBLC/BG exposure.
- Project sponsors in energy, infrastructure, transport, PPP.
- Real estate and industrial holdings with large balance sheets.
- Family offices and funds managing structured bank guarantees.
Not Designed For
- Retail investors or small private individuals.
- Clients without a real SBLC/BG or banking relationship.
- High-risk/sanctioned jurisdictions or non-transparent structures.
- Speculative “broker chains” with no added value.
What Is SBLC Monetization – Non-Recourse Loan up to 85% LTV?
SBLC Monetization in this framework consists of using a valid, cash-backed SBLC/BG issued via SWIFT MT760 as collateral to obtain a non-recourse cash facility. The monetizer assumes the risk on the underlying instrument and pays out a pre-agreed percentage of its face value to the client.
| Element | Details |
|---|---|
| Instrument Accepted | SBLC / BG – Cash-backed, Irrevocable, SWIFT MT760 |
| Funding Nature | Non-Recourse Loan (no repayment to monetizer) |
| Loan-to-Value (LTV) | Up to 85% of the face value, subject to full DD |
| Instrument Tenor | Typically 1 year + 1 day |
| Accepted Banks | Tier-1 / major international banks (Barclays, HSBC, Lloyds, Deutsche Bank, UBS, Citi, etc.) |
| Currency | USD or EUR |
| Funding Method | Cash disbursement via MT103 |
| SWIFT Procedure | MT799 Pre-Advice & RWA → MT760 Instrument → MT103 Payment |
| Typical Uses | Project finance, refinancing, liquidity enhancement, acquisitions, PPP, large-scale CAPEX |
All parameters above are indicative and subject to change according to risk appetite, regulatory constraints, client profile and bank acceptance. No information on this page constitutes a binding offer or financial advice.
Key Benefits of the 85% Non-Recourse Monetization Model
High Cash Extraction Capacity
Few institutional structures offer up to 85% Loan-to-Value on SBLC/BG monetization. This program is designed for sizeable, strategic operations where scale is crucial.
No Repayment Obligation
Once the monetization is completed and cash is disbursed, the client has no repayment obligation to the monetizer. This is a pure non-recourse structure.
Transparent Bank-to-Bank Procedure
The entire process is driven by SWIFT messaging (MT799 / MT760 / MT103) and formal banking procedures, enabling internal validation by your treasury and compliance teams.
Auditable & Contract-Based
Contracts (DOA, IMFPA, NCND) and clear documentation make this solution compatible with institutional governance, boards, auditors and regulators.
Scalable Framework
Subject to performance and risk appetite, the structure can be replicated across multiple tranches, allowing progressive deployment of capital for large portfolios and programs.
End-to-End Structured Assistance
NNRV Trade Partners coordinates documentation, compliance, SWIFT steps and stakeholder alignment so you remain focused on your projects and strategic decisions.
Key Limitations & Conditions
- The program is reserved to verifiable, compliant entities only.
- A processing fee is required and must be paid according to the official scale.
- Only SBLC/BG from accepted Tier-1 / major banks can be monetized.
- Instruments must be genuine, unencumbered and confirmed by issuing banks.
- All transactions are subject to ICC, AML/KYC and international regulations.
How the Non-Recourse Monetization Works – Step-by-Step
Below is a generic overview of the transaction flow. Each case may involve additional steps, depending on jurisdiction, bank requirements and project specifics.
| Step | Action | Lead Party | Purpose |
|---|---|---|---|
| 1 | Client submits DOA draft, CIS, passport, incorporation and board resolution. | Client / NNRV | Initial pre-qualification and structural alignment. |
| 2 | Monetizer conducts due diligence and confirms preliminary acceptance. | Monetizer | Verify legitimacy, bankability and risk profile. |
| 3 | Final DOA is signed by all parties; processing fee invoice is issued. | Client & Monetizer | Contractual framework and economic terms locked in. |
| 4 | Client pays the processing fee according to the agreed schedule. | Client | Engage operational resources and confirm seriousness. |
| 5 | Client’s bank sends SWIFT MT799 (RWA / pre-advice) to monetizer’s bank. | Client’s Bank | Confirm readiness, willingness and ability to send MT760. |
| 6 | Monetizer’s bank responds by MT799, confirming ability to receive the instrument. | Monetizer’s Bank | Formalise bank-to-bank commitment. |
| 7 | Client’s bank transmits SBLC/BG via SWIFT MT760 to monetizer’s bank. | Client’s Bank | Transfer of the instrument as collateral. |
| 8 | Monetizer’s bank authenticates MT760 and confirms acceptance. | Monetizer’s Bank | Final validation of the instrument’s authenticity. |
| 9 | Non-recourse loan is disbursed via MT103 (up to 85% LTV); commissions are paid per IMFPA. | Monetizer’s Bank | Cash payment and settlement of agreed commissions. |
| 10 | Additional tranches (if any) follow the same SWIFT-based process. | All Parties | Scale funding according to the DOA. |
Official Processing Fee Scale
The non-recourse monetization program requires a fixed processing fee, primarily used to cover due diligence, compliance, banking coordination and operational costs. The amount depends on the nominal face value of the SBLC/BG.
| SBLC/BG Face Value | Processing Fee (USD) |
|---|---|
| 1M – 10M | 13,500 |
| 11M – 20M | 15,500 |
| 21M – 50M | 17,750 |
| 51M – 100M | 19,700 |
| 101M – 250M | 22,500 |
| 251M – 500M | 25,000 |
| 501M – 1B | 27,500 |
| 1B+ | 27,950 |
The processing fee is mandatory and non-refundable once operational work has started, unless otherwise stated in the DOA. Exact terms, escrow options (if any) and conditions are always spelled out in the signed agreements.
Required Documents and Eligible Banks
Required Documents
- Completed CIS (Client Information Sheet).
- High-resolution passport copy of the authorised signatory.
- Certificate of Incorporation (and equivalent constitutional documents).
- Board Resolution authorising the SBLC/BG monetization.
- Draft SBLC/BG format (verbiage) for MT760.
- RWA / Comfort Letter from the issuing or provider bank.
- Full bank coordinates for both issuing and receiving banks.
Eligible Banks – Examples
| Region | Typical Banks |
|---|---|
| Europe | HSBC, Barclays, Lloyds, Deutsche Bank, UBS |
| US / Canada | Citi, JP Morgan, Wells Fargo, BofA, BMO |
| Asia | DBS, UOB, OCBC, Standard Chartered |
Banks from high-risk, sanctioned or non-compliant jurisdictions are generally not eligible. Local third-tier banks are usually excluded unless they are subsidiaries of Tier-1 groups.
Why Choose NNRV Trade Partners for Non-Recourse SBLC Monetization
In a marketplace saturated with informal offers and inconsistent procedures, NNRV Trade Partners focuses on institutional discipline, documentation and realism. We do not market “easy money”. We structure serious transactions that must stand the test of legal, banking and regulatory scrutiny.
Access to Institutional Partners
We work with international monetizers that have demonstrable experience, defined procedures and a track record of closing complex SBLC/BG-based deals.
From CIS to IMFPA
Our team assists with CIS, DOA, IMFPA, NCND, SWIFT workflow and document alignment so your internal legal, compliance and treasury teams can follow every step.
Board-Ready Documentation
The program is presented in a way that boards, auditors and external counsel can understand: clear terms, realistic timelines, written commitments.
ICCs NDA / NCND Framework
All discussions and files are handled under ICC-standard NDA and NCND agreements, protecting client identity, strategy and counterparties.
Technical Coordination
Our SWIFT & Compliance Desk helps anticipate typical banking questions and align expectations before any SWIFT messages are sent.
No Over-Promising
We are explicit about what this program can and cannot do. This reduces frustration and preserves credibility with all stakeholders.
How Clients Experience the 85% Non-Recourse Monetization Program
These anonymised testimonials are inspired by real-world feedback and illustrate how different institutions have used non-recourse SBLC monetization as part of their capital strategy. They are not promises of outcome and do not replace individual due diligence.
“The 85% non-recourse structure allowed us to unlock significant cash from an existing SBLC without diluting our investors or renegotiating senior debt.”
“Our board appreciated the clarity around SWIFT steps and the fact that the financing did not sit on our balance sheet like a classic loan.”
“The non-recourse feature was decisive. It gave us offensive liquidity to secure assets in a competitive market without over-leveraging the group.”
“The processing fee felt high at first, but compared to the scale of funding and the non-recourse nature, it was a rational trade-off.”
“We needed a structure that could withstand legal and political scrutiny. The documentation pack made it possible to convince all stakeholders.”
“NNRV’s role as a structuring intermediary was key. They translated highly technical concepts into board-level decisions we could actually vote on.”
“Our bank was sceptical initially. The step-by-step SWIFT roadmap helped them gain comfort and cooperate.”
“The structure complemented our traditional bank lines instead of competing with them, which made it politically acceptable internally.”
“Having a realistic, honest conversation about what was possible and what was not made a big difference compared with other ‘offers’ we had seen.”
“The combination of non-recourse, high LTV and institutional discipline is rare. This program became one of our strategic tools.”
Frequently Asked Questions – SBLC Monetization Non-Recourse (85% LTV)
These questions address the most frequent concerns from CFOs, board members, legal counsel and institutional investors when evaluating this type of monetization program.
1. What exactly does “non-recourse” mean in this program?
2. Is the 85% LTV guaranteed for all SBLC/BG transactions?
3. Why is there a processing fee and is it always required?
4. Is the processing fee refundable if the transaction does not proceed?
5. What is the minimum SBLC/BG face value accepted in this program?
6. Can any SBLC/BG be monetized regardless of bank and verbiage?
7. How long does the full process typically take from start to cash payout?
8. Does this program replace traditional bank financing or complement it?
9. Can the monetized funds be used for any purpose we choose?
10. Are the funds considered debt, equity or something else on our balance sheet?
11. Can we use an offshore company as the applicant or beneficiary entity?
12. Who receives and distributes intermediary commissions (IMFPA structure)?
13. Can this monetization be combined with PPP or other investment structures afterwards?
14. What happens to the SBLC/BG after monetization is completed and funds are paid out?
15. Are there risks of fraud or misrepresentation in this type of market, and how are they mitigated?
16. Do we need to organise physical meetings, or is everything done remotely and via SWIFT?
17. Can our in-house legal and compliance teams speak directly with the monetizer’s counsel and bank officers?
18. Is this program compliant with ICC rules and international regulations (AML, KYC, etc.)?
19. Does NNRV Trade Partners ever hold client funds or act as a bank in this process?
20. What is the best way to start if we are seriously considering this option but want to move carefully?
Ready to Explore Non-Recourse SBLC Monetization up to 85% LTV?
If you are a corporate, institutional or sovereign-linked decision-maker evaluating the use of SBLC/BG monetization as a strategic capital tool, NNRV Trade Partners can help you assess eligibility, structural fit and realistic outcomes.
NNRV Trade Partners does not provide legal, tax or investment advice. All clients must consult their own professional advisors and carefully review contracts, risk disclosures and regulatory implications before taking any decision.
Contact NNRV Trade Partners – SBLC & Structured Finance Desk
Use the channels below to reach our team. To accelerate review, we recommend sharing a brief description of your organisation, jurisdiction, SBLC/BG size, issuing bank and intended use of funds.
For an initial, confidential discussion about non-recourse SBLC/BG monetization:
For detailed documentation, corporate profiles and compliance-related information:
This section can be integrated with your preferred secure web form (e.g. Gravity Forms, Contact Form 7, HubSpot) to automate CIS intake, document upload and compliance workflows.