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Category Archives: ICBPO

Irrevocable Bank Pay Order

Financial Instrument Acronyms

Understanding Financial Instrument Acronyms

The industry is full of Acronyms so here is a list of the key Financial Instrument Acronyms to help you be more coherent and more efficient when you next have to deal with Financial Instrument Acronyms.

  • ATV - Authority to Verify
  • BFP - Blocked Funds Program
  • BG - Bank Guarantee
  • CD - Certificate of Deposit
  • CMO - Commercial Mortgage Obligation
  • CUSIP - Committee on Uniform Securities Identification Procedures
  • DLC - Documentary Letter of Credit
  • DRP - Deposit Refund Protection Program
  • DTC - Depository Trust Clearing Corp
  • DVP - Delivery verses Payment
  • HFP - Heritage Funds Program
  • IBOE - International Bills of Exchange
  • ICBPO - Irrevovable Conditional Bank Pay Orders
  • ISIN - International Securities Identification Number
  • KTT - Key Tested Telex Transfer
  • LC - Letter of Credit
  • LOI - Letter of Intent
  • LTN - Long Term Note
  • LTV - Loan to Value Ratio
  • MBG - Managed Bank Guarantee Program
  • MOU - Memorandum of Understanding
  • MTN - Mid Term Note
  • NDA - Non Disclosure Agreement
  • NCND - Non Circumvent Non Disclosure
  • POF - Proof of Funds
  • PPP - Private Placement Program
  • S2S (Server to Server)
  • ROI - Return on Investment
  • SBLC - Standby Letter of Credit
  • SKR - Safe Keeping Receipt
  • SPV - Special Purpose Vehicle
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Email us with any Financial Instrument Acronyms you would like us to add to the list above. We are committed to making this website as comprehensive and useful to you as possible.

Bank Guarantee, BG, Standby Letter of Credit, SBLC, PPP, MTN, LTN, Buy, Fund, Monetize, Sell, Discount, Managed BG Program
IMPORTANT: Discover the Private Placement Program which has earned Investors an Average of 60% per Month Return!
CLICK HERE
  • 100% Capital Protected
  • $100K Euro Minimum Deposit
  • Successfully Operating since 2008
  • Guaranteed 10% Return per Month
  • Regulated European Fund
  • Withdraw All Funds with 14 Days Notice
Bank Guarantee, Banking System, Blocked Funds, Documentary Letter of Credit, ICBPO, Letter of Credit, LTN, MTN, Private Placement Program, Standby Letter of Credit
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Secure Platform Funding now on Twitter!

Secure Platform Funding Launches on Twitter to provide clients, brokers and industry professionals with more regular and timely updates on industry, service and company changes. Click Here to Follow Us on Twitter

Secure Platform Funding Twitter
Bank Guarantee, BG, Standby Letter of Credit, SBLC, PPP, MTN, LTN, Buy, Fund, Monetize, Sell, Discount, Managed BG Program
IMPORTANT: Discover the Private Placement Program which has earned  Investors an Average of 60% per Month Return!
CLICK HERE
  • 100% Capital Protected
  • $100K Euro Minimum Deposit
  • Successfully Operating since 2008
  • Guaranteed 10% Return per Month
  • Regulated European Fund
  • Withdraw All Funds with 14 Days Notice
Bank Guarantee, Banking System, Blocked Funds, Broker, Documentary Letter of Credit, ICBPO, Letter of Credit, LTN, Monetization, MTN, News, Private Placement Program, Security, Standby Letter of Credit
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Secure Platform Funding is a Scam Free Zone!

Secure Platform Funding was established in 2008, and for the entire life of our business up until and including the current day our business has protected our customers, protected their deposits, managed their transactions and ensured that all client deposits have been handled with care, professionalism and diligence.

ALL of the following FACTS for Secure Platform Funding are 100% Accurate:

1. CLEAN RECORD

  • Since 2008 we have a ZERO DEPOSIT LOSS Record.
  • No Client who has paid ANY Transaction Deposit to Secure Platform Funding has EVER Lost Money. Not a single one!
  • No Lawsuits have ever been filed against Secure Platform Funding
  • No Criminal Convictions exist in any Country against Secure Platform Funding

Important: If you have seen Complaints on the Internet regarding us, please Click Here.

2. MEET THE PRINCIPALS

Prior to ANY Client Paying ANY Deposit we offer all clients the opportunity to physically meet face to face with:

  • The Program Asset Manager, and
  • The Licensed and Bonded Attorney that receives Client Deposits

After the client has completed and signed detailed service agreements, had the opportunity to consult both his own legal and accounting advisors and met both the Program Asset Manager and the Licensed and Bonded Attorney, only then, at that point if the client is 100% confident do we ask them to complete payment of their Deposit so their program can commence.

Secure Platform Funding Most Trusted 2019
Secure Platform Funding Quality

3. THE MOST PROTECTIONS

Secure Platform Funding offers more Protections than any other Financial Instrument Provider, here are just a small selection of the client protections we provide:

Our goal is to ensure no client loses money and we take all reasonable steps to protect our reputation and the clients investment funds.

4. WARNINGS, BANNED ASSETS, BANNED PROVIDERS AND BANNED CLIENTS

No other Financial Instrument Provider gives More Warnings, More Information, lists More Banned Assets, More Banned Providers and Bans More Clients than Secure Platform Funding! We even Expose all the Fakes here that steal and mislead our clients.

Secure Platform Funding is a Scammers Worst Nightmare! A scammer bans no one! A scammer wants the largest pool of people possible so they have the most opportunity to scam as many people as possible. Secure Platform Funding does the exact opposite! Our focus is to solely do Real Deals with Real People so we exclude everything and anything that isn't real or doesn't have value!

Our time is valuable and your time is valuable so we exclusively focus on closing and completing real deals. We are too busy making profits completing real deals to be trying to scam anyone with fake ones!

5. BANKING INSIDERS NOT BROKERS - 35 YEARS EXPERIENCE

We are a group of Banking and Finance industry professionals with a core Company Executive Team that has over 35 years’ of finance industry experience. Members of our Executive Team have worked in the Financial Instruments Department of World Top 25 Banks and completed deals worth billions of dollars. Our Team consists of seasoned Bankers, Dealmakers, Commodities Traders and Solicitors all with proven track records of success.

We have a unique perspective of the industry from the INSIDE out because we are Seasoned Banking Professionals NOT Brokers. Read our detailed Company Profile and understand by Secure Platform Funding is Number 1.

Bank Guarantee, BG, Standby Letter of Credit, SBLC, PPP, MTN, LTN, Buy, Fund, Monetize, Sell, Discount, Managed BG Program
IMPORTANT: Discover the Private Placement Program which has earned  Investors an Average of 60% per Month Return!
CLICK HERE
  • 100% Capital Protected
  • $100K Euro Minimum Deposit
  • Successfully Operating since 2008
  • Guaranteed 10% Return per Month
  • Regulated European Fund
  • Withdraw All Funds with 14 Days Notice
Bank Guarantee, Banking System, Blocked Funds, Broker, Documentary Letter of Credit, ICBPO, Letter of Credit, LTN, Monetization, MTN, News, Private Placement Program, Standby Letter of Credit
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ICBPO Illegal & Banned now

ICBPO (Irrevovable Conditional Bank Pay Orders) are now 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. Any supplier that requests payment by ICBPO clearly doesn't understand the Bank Guarantee Industry and is an amateur not a professional. You cant be a credible financial supplier and request your customers pay you using illegal means eg ICBPO.

So why have most governments banned and made ICBPOs illegal?ICBPOs-Illegal-2

Answer: When an ICBPO (Irrevovable Conditional Bank Pay Orders) for 500 Millions Dollars is lodged with a Bank in Country A to "Irrevocably" pay a Bank in Country B. The National Balance of Payments Accounts in BOTH Countries is immediately effected!

Country A incurs a 500 Million Dollar Balance of Payments Debit (Deficit) and Country B receives a 500 Million Dollar a Balance of Payment Credit. This immediately affects BOTH countries National Debt Balance Sheets and can also have an affect on the countries exchange rate because of the sheer size of the transaction.ICBPOs-Illegal

The the above action occurs immediately when the Bank Pay Order is written because the Bank Pay Order is "Irrevocable" meaning it cannot be cancelled.

The situation gets worse when Bank A issues the ICBPO for 500 Million but Bank B doesn't deliver the Bank Guarantee and defaults on the transaction.... This leaves Bank A unable to cancel their ICBPO or recover their 500 Million Dollar payment for a transaction that did not occur. AND Leaves Country A with a 500 Million Dollar Deficit when no goods or services were transacted!

Most Governments have now recognized the extreme risk and effect ICBPOs have on their economies and as a result they have banned them and made ICBPOs illegal for all parties except for very large specially licensed financial institutions that have been given direct government approval. Those institutions are few and far between and rarely operate in the Bank Guarantee Industry.

So ICBPOs are well and truely off the Bank Guarantee menu! Normal BG and SBLC Payment Guarantees of MT799 have replaced them.

There are a ton more reasons why ICBPOs are finished, dead and buried, read: Bank Guarantee ICBPO Myth.... Exposing the Truth!

This article was republished with the permission of the original author.

Bank Guarantee, BG, Standby Letter of Credit, SBLC, PPP, MTN, LTN, Buy, Fund, Monetize, Sell, Discount, Managed BG Program
IMPORTANT: Discover the Private Placement Program which has earned     Investors an Average of 60% per Month Return!
CLICK HERE
  • 100% Capital Protected
  • $100K Euro Minimum Deposit
  • Successfully Operating since 2008
  • Guaranteed 10% Return per Month
  • Regulated European Fund
  • Withdraw All Funds with 14 Days Notice
Bank Guarantee, ICBPO, News, Standby Letter of Credit
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The ICBPO Payment Myth….. Exposing the Truth!

Bank Guarantee ICBPO Myth.... Exposing the Truth! We work with 6 of the 7 largest funders in the world and NONE will reply after a BG Issuer sends a 799 with an ICBPO! It is a myth that a Funder will send an ICBPO to a BG Issuer! It is impossible to find one single funder that will do this because ICBPOs are now ILLEGAL!

ICBPOIn addition to ICBPO's now being ILLEGAL the other major problem that used to happen when ICBPOs were legal was this....

When an ICBPO was issued the BG Issuer could take the ICBPO and leverage it to buy a BG! This meant that people were promoting themselves as BG Issuers when they actually DO NOT have ANY Bank Guarantees at ALL.

They were using the ICBPO commitment from the funder to go and buy a Bank Guarantee to supply to you the client, so you can complete the deal. Funders have known about this game for years, they see it as misrepresentation and fraud.

As a result when ICBPO's were legal almost all Bank Guarantee Funders would NEVER in their right mind EVER issue an ICBPO because they would not allow the funders ICBPO to be leveraged by the BG Issuer prior to settlement.

ICBPO's are now Dead because they are illegal, read more on that here.

Secure Platform Funding completes almost all of our Monetization Transactions using a Cast Iron MT799 Payment Guarantee from the Bank, Read all the benefits of the MT799 by clicking here now!

 This article was republished with the permission of the original author.

Bank Guarantee, BG, Standby Letter of Credit, SBLC, PPP, MTN, LTN, Buy, Fund, Monetize, Sell, Discount, Managed BG Program
IMPORTANT: Discover the Private Placement Program which has earned     Investors an Average of 60% per Month Return!
CLICK HERE
  • 100% Capital Protected
  • $100K Euro Minimum Deposit
  • Successfully Operating since 2008
  • Guaranteed 10% Return per Month
  • Regulated European Fund
  • Withdraw All Funds with 14 Days Notice
ICBPO, News
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