We deliver leased/purchased Bank Guarantee & Standby Letter of Credit , fresh cut issuance by Barclays Bank UK, Royal Bank of Scotland to Organisations or individuals with their preferred text verbiage approved by your bank as a standard ICC formats (Appendix A) and its Unconditionally Transferable, Assignable, Callable and Authentication Verifiable bank to bank. Our terms and procedures are so flexible and workable by RWA clients who can use our instrument for viable business transactions, i.e., cash back facilities, Credit enhancement, PPP and project funding, real estate, construction etc.

1. Financial
Instrument /
Banking
Acronyms (Official
Guide)

2. SBLC, BG, Monetization
ATV – Authority to Verify
BF – Blocked Funds – Blocked Funds. Money generated by a
company’s foreign operations that cannot be moved from one country
to another because of one or more regulations in the country in which
the money was generated.

3. BG – Bank Guarantee – A Bank Guarantee is where one Bank (the
Issuing Bank) issues an indemnity to another Bank (the Beneficiary
Bank) or directly to a Beneficiary, on behalf of its account holder. The
Issuing Bank will expect its account holder to pledge ‘assets’ to the
bank for its issue.
CD – Certificate of Deposit – A certificate of deposit is a time
deposit, a financial product commonly sold by banks, thrift
institutions, and credit unions. CDs are similar to savings accounts in
that they are insured “money in the bank” and thus virtually risk free
CMO – Commercial Mortgage Obligation – A collateralized
mortgage obligation (CMO) refers to a type of mortgage-backed
security that contains a pool of mortgages bundled together and sold
as an investment. Organized by maturity and level of risk, CMOs
receive cash flows as borrowers repay the mortgages that act as
collateral on these securities
CUSIP – Committee on Uniform Securities Identification Procedures –
CUSIP stands for the Committee on Uniform Securities Identification
Procedures. Formed in 1962, this committee developed a system
which it implemented in 1967 to identify securities—specifically U.S.
and Canadian registered stocks, U.S. government and municipal
bonds, exchange-traded funds, and mutual funds
DLC – Documentary Letter of Credit – Documentary Letter of
Credit (L/C, DLC) Letter of credit (Documentary Letter Of Credit (L/C,
DLC) is the bank’s obligation to pay the seller of goods or services a

4. certain amount of money in the timely submission of documents
confirming shipment of goods or performance of contractual services
DTC – Depository Transfer Check – A depository transfer check
(DTC) is used by a designated collection bank to deposit the daily
receipts of a corporation from multiple locations. Depository transfer
checks are a way to ensure better cash management for companies,
which collect cash at multiple locations.
DVP – Delivery Versus Payment – Delivery versus payment or DvP
is a common form of settlement for securities. The process involves
the simultaneous delivery of all documents necessary to give effect to
a transfer of securities in exchange for the receipt of the stipulated
payment amount. (Wikipedia Contributors, 2019)
IBOE – International Bills of Exchange – A bill of exchange is a
written order once used primarily in international trade that binds one
party to pay a fixed sum of money to another party on demand or at a
predetermined date.
ICBPO – Irrevovable Conditional Bank Pay Orders – ICBPO means
(Irrevovable Conditional Bank Pay Orders). ICBPO has been banned
and have been made illegal by most governments. BG and SBLC
Issuers that continue to ask for ICBPOs as payment are completely out
of touch by seeking a form of financial payment that has been made
illegal in most countries.

5. ISIN – International Securities Identification Number – An
International Securities Identification Number (ISIN) is a code that
uniquely identifies a specific securities issue. The organization that
allocates ISINs in any particular country is the country’s respective
National Numbering Agency (NNA). (Investopedia, 2019)
KTT – Key Tested Telex – KTT (Key tested telex) is what banks used
to use to transfer and receive funds before the SWIFT system. It is an
older form of wire transfer of funds which used a telex machine
(instead of the modern digital data transfer) messages authenticated
by the use of code (key) numbers.
LC – Letter of Credit – A letter of credit (LC), also known as a
documentary credit or bankers commercial credit, or letter of
undertaking (LoU), is a payment mechanism used in international
trade to provide an economic guarantee from a creditworthy bank to
an exporter of goods.
LOI – Letter of Intent – A letter of intent (LOI) is a document
declaring the preliminary commitment of one party to do business
with another. The letter outlines the chief terms of a prospective deal.
LTN – Long Term Note
LTV – Loan to Value Ratio – The loan-to-value (LTV) ratio is a
financial term used by lenders to express the ratio of a loan to the
value of an asset purchased. The term is commonly used by banks

6. and building societies to represent the ratio of the first mortgage line
as a percentage of the total appraised value of real property.
(Wikipedia Contributors, 2019)
MOU – Memorandum of Understanding – A memorandum of
understanding (MOU or MoU) is a formal agreement between two or
more parties. Companies and organizations can use MOUs to establish
official partnerships. MOUs are not legally binding but they carry a
degree of seriousness and mutual respect, stronger than a
gentlemen’s agreement.
MTN – Mid Term Note – A medium-term note (MTN) is a note that
usually matures in five to 10 years. A corporate MTN can be
continuously offered by a company to investors through a dealer with
investors being able to choose from differing maturities, ranging from
nine months to 30 years, though most MTNs range in maturity from
one to 10 years.
NDA – Non Disclosure Agreement – A non-disclosure agreement
(NDA), also known as a confidentiality agreement (CA), confidential
disclosure agreement (CDA), proprietary information agreement (PIA)
or secrecy agreement (SA), is a legal contract between at least two
parties that outlines confidential material, knowledge, or information
that the parties wish to share with one another for certain purposes,
but wish to restrict access to or by third parties.
NCND – Non Circumvention Non Disclosure – Also known as a
non–disclosure agreement, a non–circumvention agreement is a
legally-binding agreement that is established to prevent a business
from being bypassed or circumvented by other parties involved in a

7. business deal.
POF – Proof of Funds – A proof of funds (POF) is a document or bank
statement proving that a person has the financial ability to perform a
transaction.
PPP – Private Placement Program – Private Placement Programs
(PPPs)are legitimate investment vehicles that are accessible to a wide
variety of investors. Part of the confusion regarding trade programs is
the dual use of the acronym “PPP”. The acronym is also used to mean
“Private Placement Partnerships”.
ROI – Return on Investment – ROI (Return on Investment)
measures the gain or loss generated on an investment relative to the
amount of money invested. ROI is usually expressed as a percentage
and is typically used for personal financial decisions, to compare a
company’s profitability or to compare the efficiency of different
investments.
SBLC – Standby Letter of Credit – A Standby Letter of Credit
(SBLC / SLOC) is a guarantee that is made by a bank on behalf of a
client, which ensures payment will be made even if their client cannot
fulfill the payment. It is a payment of last resort from the bank, and
ideally, is never meant to be used.
SKR – Safe Keeping Receipt – Safe Keeping Receipt or SKR, or
Safekeeping, is where an asset owner elects to place that asset in the

8. care of an Agent, usually a Bank or a Financial Institution and receives
an acknowledgement from the Bank as to their “Safekeeping” of that
asset.
SPV – Special Purpose Vehicle – Special purpose vehicle (SPV), also
known as special purpose entity (SPE), refers to a legal entity that is
created to isolate a parent company from financial risk, including
bankruptcy.
Please note, Reginald H. Viney ICS offers Fresh Cut Cash Backed Bank
Guarantee BG / SBLC Standby Letter of Credit issued a top rated bank.

9. For more information contact us on Email –
reginald.vhenry@vineyconsults.com
reginald.vhenry@gmail.com
Phone - +61390164251