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Assignment of proceeds Letter of Credit

Do you want to settle business transactions or other debts?<br>You can do it easily through the assignment of proceeds. This happens mostly when a beneficiary transfers an amount using the letter of credit to a third-party beneficiary.<br>

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Assignment of proceeds Letter of Credit

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  1. ASSIGNMENT OF PROCEEDS LETTER OF CREDIT www.bandeniachallengerbank.com

  2. CHALLENGER BANK BANDENIA WE PROVIDE Trade Finance Solution

  3. ASSIGNMENT OF PROCEEDS

  4. DO YOU WANT TO SETTLE BUSINESS TRANSACTIONS OR OTHER DEBTS? You can do it easily through the assignment of proceeds. This happens mostly when a beneficiary transfers an amount using the letter of credit to a third party beneficiary.

  5. WE AT BANDENIA facilitate the assignment of proceeds based on the instructions provided by a beneficiary in the letter of credit. Only the right to receiving payments is transferred, however, the right of making payments remains in the hands of beneficiaries.

  6. A key benefit of doing this is that it allows payment facilitation for the company. Alongside, once you receive the payment, we take complete responsibility to assign the proceeds. It allows the transfer of only a part of the proceeds, allowing both beneficiaries and third parties to access the letter of credit.

  7. However, another important thing to take note of is that the financial institution is just the mediator between entities. The original beneficiary will still be responsible to carry out all requirements as specified in the letter of credit. In case, the original beneficiary fails to meet the proceedings, we will not be able to carry out the assignment.

  8. ABOUT US BANDENIA CHALLENGER BANK is an Elite innovative International Trade solution and Investments Financial Firm engaged in providing unique fintech and trade finance solutions to international clients.

  9. UK Address Suite 23, Fifth Floor, 63/66 Hatton Garden,London, EC1N 8LE, United Kingdom. UAE Trade Desk Suite 602, Sixth Floor, Business Village, Block B, Dubai, PO Box 5610, United Arab Emirates. www.bandeniachallengerbank.com

  10. Thank You

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