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COST OF SERVICES
Dincom charges a 12% service fee for it's Proof of Funds, Standby Letters of Credit and Funds Disbursement services from 10MM to 500MM. If you have a legally viable project, financially qualified and interested in applying then please review the services below to determine which one best meets your needs.
PROOF OF FUNDS (POF)
A document that demonstrates that a person has the ability and funds available to use for a transaction. It usually comes in the form of a bank account for your corporation.
The purpose of the document is to ensure that the funds required for the transaction are obtainable and legitimate. POF's are used to provide our clients with evidence that they have unencumbered funds at their disposal.
It is important to note that although funds are allocated for a client for a pre-determined time frame, they cannot be withdrawn by the client unless the client requests and qualifies for Funds Disbursement.
STANDBY LETTERS OF CREDIT (SBLC)
Dincom facilitates the issue of an SBLC to secure a credit line for another party. Our SBLC’s are issued by major world banks. SBLC’s are not negotiable instruments or to be considered a security. They are used for collateral or asset enhancement purposes only where the Borrower must provide the underlying security and is firstly responsible to the Lending Bank who, in the event of default, will call on the SBLC. SBLC's are provided via MT760 and must be returned unencumbered and free of liens in one year.
FUNDS DISBURSEMENTS
One year loans are possible when a client's bank agrees to return the loaned funds unencumbered and free of liens in one year at 108% of it's face value. The method of delivery is via an MT760 and always Bank-to-Bank.
NOTE TO APPLICANTS
As a privately owned, multi-million dollar provider of funding services, Dincom does not provide it's private and/or confidential credit facility or banking information to the general public.
Clients of Dincom have direct bank to bank communication via bank officers to verify and complete their POF's, SBLC's and Funds Disbursement transactions from 10MM (minimum) to 500MM (up to 1.5B if needed).
NOTE TO CLIENTS
As a client of Dincom's, our bank will provide a bank document (“Statement of Account from our bank”) on bank letter head evidencing that the collateral is available and has been “blocked” for the time framed requested by the Applicant. The fact that the collateral is held in an Account from our bank clarifies that Dincom and the collateral are in compliance with the banking Anti-Money Laundering Program required by Sec 352 of the Patriot Act and prepared to fund. (http://www.bankersonline.com/launch/usapatriot.pdf).
A client of Dincom is defined as an individual or entity who has completed and signed all 10 pages of the Applicant Information Sheet, provided the required documents and wired the service fee into escrow with Gardner & Associates to formally initiate a transaction.
These documents include: Articles of Incorporation, Corporate Authorization Document permitting a corporate loan, Copy of Passport, and a brief executive summary on company letterhead.
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