Instruments

Our commitment to client success is undoubtable. We extend the same level of commitment to our employees. That’s the reason behind JC’s performance and success. We maintain a community driven culture, where our people are valued, respected and rewarded for their contributions. We thrive to create a friendly ecosystem for our old employees as well as for the newcomers.

Our global offices share the same diverse and informal environment, no matter where you are - in New York, London, Berlin or Tokyo. So, if you think you we have the same passion, desire to get the highest results and be on the top of the hill - we would like you to contact us.

• DLC - Documentary Letter of Credit

  The obligation of the bank that opens the letter of credit (the issuing bank) to pay the agreed amount to the seller on behalf of the buyer, upon receipt of the documents specified in the letter of credit is called documentary letter of credit. The letter of credit is compiled according to the terms of contract and is opened by the bank on the basis of the buyer’s (importer’s) instructions.

• LC- Letters of Credit at Sight

  A sight letter of credit is payable once it is presented along with the necessary documents. Once the sight letter of credit is offered, the organization commits itself for paying the agreed amount of funds provided the provisions of the letter of credit are met.

• Usance Letters of Credit

  Usance credit payable at sight refers to an L/C stating that it is a forward draft that requires the letter-issuing bank to be the payer, stipulating that the letter-issuing bank pays the seller (exporter) on demand or before the acceptance is due, and expenses such as the draft acceptance charge, discounting interest and service charge are paid by the buyer (importer).

• BG - Bank Guarantees

  A bank guarantee is a statement from a bank or from a lending institution that if a particular borrower defaults on a loan, the bank will cover the loss.

• PG- Performance Guarantees

  In order to guarantee the full and due performance of the contract according to the plans and specifications, a Performance Guarantee is issued by an insurance company or bank.

• Demand Guarantees

  Demand guarantee can be imposed by one party on the second, in the instance that the second party does not perform according to predefined specifications. If the second party does not perform as promised, the first party will receive a predefined sum as compensation by the guarantor, which the second party will be required to repay.

• POF messages

  POF demonstrates that a person has the ability and funds available to use for a transaction. It is usually available in the form of a bank, security or custody statement. The purpose of the document is to ensure that the funds required for the transaction are obtainable and legitimate.

• Pre Advice Message

  When large transcations happens between two banks, the lender sends a pre advice message to the beneficiary ensuring the correctness of all details regarding the transcation.

• Ready Willing and Able (RWA) messages

  An RWA Message is a document that is issued by banks or financial institutions on behalf of the applicant. It demonstrates the intent, financial and legal capability to enter a financial transaction.

• SBLC- Standby Letters of Credit

  A standby letter of credit (SLOC) is a guarantee of payment issued by a bank on behalf of a client. It is used as "payment of last resort" should the client fail to fulfill a commitment with a third party.

• Comfort Letters

  A comfort letter is a written agreement which gives assurance that an obligation will finally be met. The comfort letter will be present at the preliminary statements and provides assurance that the final version will not materially differ.