Why don’t African countries enter into SBLC first tier trades as a source of gaining and compounding revenue?
Europe won’t allow. Uliza Gaddafi.
Upus
sblc ni nini ? and how do countries mke money from it ?
Kumbe pia wewe ni mjinga hivyo
In 1945, the US dept of the Treasury” (US Treasury), fulfilling its responsibilities under the Bretton Woods Agreements from the 1960’s, developed the financial instrument known as a Medium Term Note (MTN) by employing established European financing methods through which banks and financial institutions commonly finance long-term loans by selling Letters of Credit or Bank Notes of medium term to provide funding for loans.
So in the post-WW2, the US Treasury and its affiliates adopted the protocols of the finance syndicates led by major European bank holding companies that would issue their Medium Term Notes guaranteed by a matching US Treasury Guarantee.
On other words, any entity can enter into these massive compounding first tier trades if they can raise 10mil, 100mil, 1billion USD
Back in the day you needed to be invited by an agent broker…I believe there are only 6 brokers in the world that deal with such trades even though currency you have companies that facilitate the stringent compliance for entering in such a trade.
In short, that is how they raised cash to build Europe (The Marshall Plan), sustained the RSA, South Korea, Australia, New Zealand and the state of Israel.
They have now opened the doors to Czech and Slovakia, Sloveni, Poland, Bulgaria and Romania.
Many top old money companies like Mitsubishi, Coca-Cola, Motorola and even at least 7% of the Norwegian Oil Fund trade here.
The first Tier banks are HSBC, Bank of England, Morgan Chase, Barclay’s etc
The Norwegian oil fund
Oljefondets markedsverdi (current market value) 11 124 705 677 586 NOK
They can by setting up a company and enter into the trade via a trader!