Once the LC draft is approved by our bank, the DOA is typically signed within 72 hours. We do not use a standard DOA, as each agreement is tailored to the specific terms and conditions outlined in the draft by the issuer. Please note that we do not pursue cases that cannot be monetized, as some actual commodity buyers may not permit potential sellers to monetize the instrument.
Our customized DOA will be a straightforward agreement. We ask that you place your trust in us by providing the necessary details, allowing us to efficiently prepare all essential documents on your behalf.
1. Submit DLC applicant/issuer CIS and bank draft/verbiage (must be from bank) followed by reasons of monetization to the email address below:
Feng@Krezdo.com
2. If you are not the DLC applicant/issuer, submit your CIS and bank draft/verbiage (must be from bank) followed by reasons of monetization and explain the relationship between you and the DLC applicant/issuer to the email address below:
Feng@Krezdo.com
3. We will schedule a consultation with you within 5 working days in which, we will further discuss your position and how to effectively monetize your instrument to its fullest potential.
4. After the consultation, we will prepare the final LC verbiage/draft if needed.
5. Upon confirmation of the final LC verbiage, kindly get the issuing bank to issue the final LC draft for confirmation and LTV.
6. We will proceed to DOA after receiving the bank’s final LC draft.
We accepts ONLY top banks and unfortunately, any non-rated small financial institutes will not be accepted. Once we submit the documents (46A), you will have to accept the documents (Acceptance Swift is sent).
All contents © Copyright KREZDO PTE LTD., Inc.2020. All Rights Reserved