iN Transit Payment
Get Payment Before The Goods Arrived Destinations™
We Put Smile to Both Buyer and Seller Face
Sovereign Access Finance (SAF)
Sovereign Wealth Funds For Commodity Industry
We Go Beyond Borders™
In commodity time is money. For this reason Westernclear developed an Intraswift (MT103/98) financial instrument that could be adopted by supplier and buyer to provide added security to transaction.
Working with over 50 Banks across the globe, we are helping African countries to have the ability to safely secure the most essential commodity for their countries with highest guarantee of credit rating needed to accomplish timely transaction.
How Intraswift Work?
Agreement between buyer and seller is complete
Banking instrument is issued example DLC MT760 Payment at Delivery and MT103/98 Payment InTransit
Copy of Document submitted to International Deposit.
Agree to for us to hold 10% of the MT103/98 until delivery arrived at the port of destination.
services
The above swift financial instrument it’s program developed and established by Westernclear for buyer and seller having a solid bridge to full payment guarantee.
Over the years commodity traders have encounter the credit capabilities to ensure issue of solid instrument for buyer to deliver their product and while these issues persist, buyer themselves have issue trusting supplier who claims they have the product, therefore declare they are only willing to pay for product upon arrival.
The above method increase the product price as suppliers see high risk in shipment product with payment at Destination. Although, some organizations are testing this arrangement but end up in court with each side blaming one another, and often performance bond fee get caught in between.
To feel our world, we need food commodity to be transported from one continent to another. African countries are taking the blow back here, this continent credit rating is below acceptable rating with top 50 bank financial instruments, thus any buyers from this continents surfer greatly regardless of their abilities to make payment.
MT103/98 InTransit Payment financial guarantee is an agreement that guarantees a direct payment to supplier account 5 to 10 business days after the Bill of Lading is received.
SBLC Bureau
Westernclear is moving forward to ensure fraudulent activities of financial instrument is under control through the adoption of our NFSIN. A commercial agency system that serves as an intermediary between commodity’s seller and buyer especially for exchanging non-securities instrument such as SBLC.
Gold Trading
As a highly liquid asset, which is no one’s liability, carries no credit risk, and is scarce and historically preserving its value over time. However, there are lack of trust related to some unacceptable activities that potentially derailed relationship between buyer and seller. Intraswift and NFSIN services of Westernclear believe it’s important that the trading of such should be transparent globally.
INSIGHT
Understanding Swift Messages
If you’re looking to securely send funds across the globe, then SWIFT may be right for you. Used by millions of people every day, SWIFT payments are international money transfers sent by the SWIFT network. Using SWIFT can establish your business’s reputation of sending safe payments.
