Soleil Chartered Bank Answer to Your Trade Documentation

Soleil Chartered Bank is an institution managing and resolving the gamut of documentary requisites of world trade finance. From items as delicate and perishable as carnations to crude and greasy oil, SCB is there with the relevant trade instruments to meet the requirements of the importer, exporter, and broker.

Strict adherence to statutory compliances

How does Soleil Bank meet statutory requirements? Through a meaningful and educated Know-Your-Customer questionnaire, SBC garners required information on each of their customers. Some of the salient points of this questionnaire include:

· Identification of name from previously published agency lists

· Collation and analysis of Basic Customer Identity commonly referred to as CIP Program

· The expectation of transactions and realistic customer goals

Money laundering is the bane of business transactions today. Soleil Chartered Bank has devised a mechanism, to curb this blight. Abbreviated to AML — Anti-Money Laundering seeks to ensure every transaction is clean and transparent. Some of the methods employed in this measure are:

· Rigid procedures to highlight duplicitous dealings

· Immediate reporting of suspected money launderers

· Customer records retained for a minimum of 5 years for extended security

Besides the above measures, Soleil Bank has established several other checklists which all employees are required to follow diligently. Should an error be made, it can immediately be identified and nipped in the bud and the situation remedied.

Soleil Chartered Bank facilitates trade by issuing Letters of Credit or Bank Guarantees. These help in freeing up capital or expedite the transaction

· The costs of these instruments could vary depending on various factors such as

· Value of the transaction

· The period for which the instrument is required to be kept open

· Type of SWIFT message

· Verbiage of Instrument

Soleil Chartered Bank will collect the fees for the instruments prior to issuing the instrument. As a measure of comfort, SCB offers a free draft of the instrument to the client before the collection of fees. This helps the client gets his bank’s concurrence on the verbiage. This assistance goes a long way in building a relationship with the clients who all return to SCB for repeat business.

SCB strives at all times to issue the instruments within 48 hours of receiving the fees, as it understands that time is of the essence in the business of trade.

What trade items does SCB deal in?

It would be easier to answer if the question read “What trade items does SCB not deal in”?

SCB is there to facilitate trade in any and all items. From carnations to garments, from oil to tuna, Soleil Chartered Bank will facilitate your every trade transaction.

Soleil Bank has an extensive and wide network of associate banks around the world and it is no challenge to assist in a trade with the Philippines archipelago, Bangladesh, China, the Middle East, Nigeria, Turkey, or Korea. In short, anywhere in the world.

Authenticity of documents

If you wish to verify the authenticity of an instrument, you can submit the instrument verification form to info@soleilbank.com. The relevant form can be extracted from www.soleilbank.com from the ‘Forms and Procedures’ tab. As always, exercise caution when using public internet facilities. Kindly check if it is regulated and safe.

Answer all your questions

You could visit the Soleil Chartered Bank website where you will find most of the answers. Forms and instrument procedures can be downloaded from there. Live chat windows are also available for immediate answers.

If you still have questions, you may call directly on +1 646 415 8261from Monday to Friday, (09:00 hrs to 17:00 hrs). An SCB associate will be able to answer all your queries. Or you could mail your queries to info@soleilbank.com

Location: New York, NY, USA

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