Worldwide, gold prices over the last couple of decades have triggered interest among investors seeking trading opportunities in the yellow metal.Investors generally buy gold as a way of diversifying risk.
Gold is recognized to be an expensive deal. Just like this U.S. based company, most of the traders, who fortunately landed on a contract to purchase gold, are having difficulty in finalizing the transaction due to lack of sufficient financial capital.Firstly, the buyer must have the proof that the gold literally exists and that it is in fact for sale by the supplier.
In order to proceed with their gold transaction, given their financial status, they opted to acquire Standby Letter of Credit (SBLC MT-760).They attempted to obtain the required trade finance facility from various banks and were in vain to get one due to piles of requirements these banks are imposing them to provide. Until the gold buyer comes in contact with Bronze Wing Trading L.L.C. through its website, that assists buyers to obtain Standby Letter of Credit (SBLC MT-760) with such simple procedure.
As per procedure, Bronze Wing Trading L.L.C., requested the gold buyer to provide all legal documents, including sales and purchase agreement, enable them to process the Standby Letter of Credit (SBLC MT-760) that they applied for. Bronze Wing Trading reviewed and approved their gold transaction and upon receipt of the issuance fee charges, Standby Letter of Credit was effortlessly established.
The US based gold buyer was able to successfully procure the gold commodity by providing the Standby Letter of Credit (SBLC MT-760) in favor of their supplier as per their contractual obligation.
Once the gold received at the agreed refinery, the commodity was technically analyzed and the refinery issued the assay report through which the gold value and its purity were determined.
Based on the assay report of gold commodity the buyer paid the proceeds of gold to the supplier’s bank account to get the ownership of the gold and at the same time they sold the gold to their secondary buyer. In this way they were successfully able to gain the huge amount of profit.
The buyer gratefully admitted that the above transaction was only possible because of the Bronze Wing Trading L.L.C. timely intervention towards the provision of Standby Letter of Credit (MT-760) to turn this deal into success for both the parties.