|
The practice of Leasing Financial Instruments is used to enhance the asset base in your balance sheet. It requires a good understanding with your bank manager and your auditor/accountant.
When you increase your assets by the amount of the Instrument, you will be in a position to get a line of credit from your bank to do the business in hand.
Please note that no bank is obliged to give a line of credit against borrowed Instruments. You must negotiate with your bank first before you indulge in the leasing of an Instrument.
For you to apply for the Lease you need to prove that you have the Fee and Commission sum in your account; otherwise we do not entertain clients who apply without showing evidence of funds.
Procedure for Leasing Instruments
(i) Lessee sends LOI stating the amount required and the type of Instrument they want to lease, proof of the leasing fee must accompany the LOI as well as CIS (client information sheet) Passport copy, BR (Board Resolution)
(ii) The Lessor will send Draft Contract and the name of the Bank who issued the Instrument
(iii) The Draft Contract will be signed between the two authorized parties.
(iv) Lessee will send the payment instrument to Lessor’s bank including the commissions for intermediaries. Methods of payment will be agreed in the Contract.
(v) After authentication and verification of the payment, Instrument Lessor’s bank will send the Instrument by SWIFT MT760, and then deliver the hard copy to the Lessee within 7 banking days after payment has been received by Lessor’s bank
Click Here to download our Financial Instrument Application Form >>
Click Here to Contact Us by email >>
or call us on: +44 (0)845 396 5600 |
