Connect with us


Texas Senate Approves Rebates For Those Who Purchase Hybrid Cars

Avatar Of Rajesh Khanna



Have you found yourself repeatedly saying things like, “I really like the look of that new Prius model, particularly in blue. If only the government would provide me an incentive, I would buy one tomorrow” or “I’ve been meaning to replace my refrigerator with one of those energy-saving alternatives. If I could get some kind of tax cut, the extra cost of buying all-new matching ice cube trays would be well worth it!”? If so, then you may be in luck.

Our Texas Senate just passed a bill that would provide a $4000 rebate to consumers who choose to purchase a plug-in hybrid vehicle. This same incentive is being offered for large appliances as long as you agree to put your current one out of commission. This sweeping clean air bill also includes more stringent requirements when new plants are being built in heavily populated areas. Environmental regulators could make the decision that a company must first close an old plant in the same area or find a way to offset the new pollution that is being created. If this bill passes, you will likely find that businesses wishing to open plants in areas that are experiencing a pollution problem, such as Houston, will have a more difficult time getting the necessary permits to build.

Advocates of the legislation point to the fact that cleaner air is already evident in large cities due to previous actions taken by the state legislature, and these further measures will help to continue this improvement.

Changes to the clean air legislation in Texas undoubtedly will have an impact on many businesses in our state. If you are a business owner and have questions on what the decisions made in Austin will mean to you, we have Texas business law lawyers who are ready to help. Please contact one of our business law attorneys at the offices of Bertolino LLP in Austin, Houston, or San Antonio office today.



7 Easy Steps To Create Cheap And Best Online Shopping Store

Avatar Of Rajesh Khanna



How it would be if small business people are provided by some cheap and best business solutions that at once make them big businessmen from small retailers? Are there any such solutions available in the world? If available, how can one get them?

For each and every above question there is an answer in the market now. This is all made possible by the latest internet technology that effect social life in all corners of life today. When the mobile phone was first introduced, it was serving as a mere phone. But now, every one is enjoying its multiple services. In the same way, the growth of internet penetration is opening gates to new business opportunities for retailers.

Cheap online store builders are widely available now in the market and converting every small retailer into big businessman. Following some simple steps any retailer can enter online market.

A few easy steps enable you to build cheap online shopping store within no time that expands your business to new boundaries.

1. Easy affordability. It is not a matter of even half a dollar too. Paying a very nominal price, a small retailer can also avail the services of cheap online store builder.

2. This online store builder helps you how to create cheap online shopping store. Without having any designing knowledge or HTML or any kind of technical background, anyone can simply build online stores.

3. If the online store builder provides you with a vast product data bank with more than 20,000, that will definitely enhance your selling capacity, which will cover all categories of products in online market. POS system makes you add as many products as you want to add to your online store.

4. Easy online advertisements like linking to yellow pages, directories and shopping directories will bring awareness among the online customers and make your online store to be searched easily. This certainly increases footfalls to your concrete store.

5. Since the middle class customers are also entering online shopping, the expectations of online sales are very much high. If retailers can reach them with their online stores and satisfy them in online shopping, it will really lead to a big success in online marketing.

6. Securable and multiple payment gateways assure customers to pay online without hassle. 100% protection from misappropriation of credit and debit cards etc.

7. The order management system receives the order from customers and sends an immediate auto reply to them revealing the delivery time. Offering the best and genuine goods to your customers taking them satisfaction level to delight, you can enjoy the long lasting customer rapport.

Continue Reading


5 Major Tips to Find The Best SEO Business

Avatar Of Rajesh Khanna



When it comes to finding the best SEO business, then you have to consider lots of things. Even newbie don’t know that what are major and important factors that they should be considering. It can make harder to take a decision, and it can make you take the wrong decision. But, there is no need to worry about a single thing. This guide will help you find a good company with ease. And, you can follow all the major five tips where you will be considering the vital aspects.

1. Look for Local SEO Businesses

One can easily find that there are so many companies in the local that do SEO. However, choosing the right business is a hard thing which can require attention to many factors. If you want to find the right one and don’t want to face any issue, then search SEO company and add your city name as a suffix. Many results will pop up, and you will find companies that are nearby and able to help you with ORM and boosting your traffic easily.

2. Portfolio

Every company has a portfolio and testimonial section which you can out easily without any issue. Check out the portfolio and the testimonial to know what does the SEO company offers. It is really an important part to take into consideration while looking or the best one. Even if you want to find the best SEO business and don’t want to face any kind of issue lately then considering this factor will ease up the work in many ways and you can rely on it. Isn’t it a better option and reliable to take into consideration.

3. Feedback Of Previous Clients

Google can help you know more about an agency. As you out online to find the best SEO business, then you will see that Google offer rating and review section for every company. Check out what other say about the business, it will help you ensure whether the service provider is reliable or not. Check out all the reviews, and the majority of reviews will help you conclude. Isn’t it easy and better option than others? You avoid mistakes and find the right service provider through this method. After checking the reviews, you just need to contact the SEO business and ask plenty of questions.


To conclude, you can take reviews into consideration along with the price of services. If you don’t want to get overcharged then choose a company that is reliable and have positive reviews all around. A reputed business is always a little bit costly, but you are going to avail premium services, better customer support, and instant results. Even there is insight provided for every week, and you get significant results. Many companies bring an affordable option that can surely help you meet the need with ease. Always find the best SEO business that is licensed and has a good experience in your niche.

Continue Reading


What Network Marketing Can Offer to the New Prospects

Avatar Of Rajesh Khanna



Attracted and interested people who are planning to engage themselves in the growing industry of home-based network marketing or MLM usually ask themselves this single question:

“What can I get from it?”

Every one of us, human beings, would always ask this very same question every time we are into the point of making an important decision in life, especially when it comes to networking. This attitude may seem very selfish of us or we might feel that we are too demanding. But this is the natural reaction and thinking of people since the business requires effort, time, and money before it succeed.

Before you enter into such business, you may want to think wisely by asking yourself these questions:

1. Will I be able to generate more leads and bring people into the business using the company’s network marketing plans and strategies? Will the methods be enough to have success in the business?

2. Will I be able to show my prospects what they can get from the business and that they will also generate high income and high business leads through the lead generation techniques that I am using?

Even though the company is able to provide you with graphics-full and glossy brochures and leaflets plus the promise of giving your down line a 6-figure monthly income as the main attraction in introducing the MLM business, it will all come to nothing and your effort will be wasted if the prospects did not visualized what the marketing plan is trying to promote.

Suppose a prospect attended a presentation of the business program; after the power point or graphics presentation and all the success stories that have been told during the recruitment seminar, he appreciated the business as a whole and he was interested to do the business but was hesitant to do so because of one question which is:

“What strategy should be used in order to keep the down line involved and active in the business?”

If you are that prospect, you would surely want to hear the best reply there could be and that is:

Is it Answer no. 1?

What can you really get from the MLM networking business? To start the business correctly, make yourself familiar with all the important details about the business and the products. Even the benefits, the contents, and the important issue to tackle regarding the products should also reach your mind. Once you have learned all these, you can start making a list of your prospects starting with your friends, family, relatives, classmates, and other people that are possible to make use of the products and the business. Start communicating with them and let them know that you are already a part of the business team. The company has prepared all the materials needed for the recruitment, whether it is a personal communication, or through emails and websites, you do not have to worry about the discussion because the company is always there to support you.

Or Answer no. 2?

What can you get from the MLM networking business? To avoid wasting your time presenting the business to other people, concentrate and focus on those who show interest to the products and business plans. The company already provided the program for a tried and tested system that you can use for your goal of pursuing prospective down line. The business has been programmed systematically to make the networking and recruitment stage as easy as possible. This means, you can work with it smarter and not harder.

So, what’s really in it for you?

Continue Reading


Work Ethics – When Your Spouse Works For a Competitor

Avatar Of Rajesh Khanna



There are couples who find that they are earning a living from two rival companies. It is even more interesting when both parties happen to be at management levels at their places of work. This scenario can cause tension at home if not addressed appropriately.

A case is cited of a lady who, in good faith, shared a project idea with her husband over dinner. The husband later found himself at a fix when he attended a meeting with his bosses and had no ready idea to present. You guessed right; he gave the very presentation that his wife had shared with him and had his company implementing the proposal before the competition.

To avoid such incidents, it is advisable that the married couple agree that they will not carry sensitive work home and if they do so, they will encrypt their data or lock their documents. It is also wise not to talk about office business all together while you are at home.

With technological advances, simple gadgets such as mobile phones are able to synchronize our office mails and any documents attached to the mails. This means that our valuable business presentations can be viewed on the phone. To prevent access of the information, put a phone code all the time. It would also help if you agreed with your spouse to have a business phone and a social one.

It is a serious offense and breach of most company policies to share valuable information with the competition, even a spouse. Work ethics also demands for integrity and discreteness. Treat office information with care today.

Continue Reading


Applications of Positive Psychology

Avatar Of Rajesh Khanna



This research study identifies the principles, history and theories of positive psychology. It also analyzes current research on positive psychology. Finally, it shows how these concepts can be used in practice, even in organizations.

Researching the history of positive psychology, Dr Martin Seligman is the happiness professor and the unofficial father of positive psychology, the controversial study of human happiness. Humanistic Abraham Maslow, in his 1954 book about motivation and personality first used the term positive psychology. Martin Seligman made it the theme of his presidency of the American Psychological Association in 1998. He claimed psychology up to then was answering no and I, instead of yes and we. Getting people to be constructive is a better predictor of increased commitment and love than teaching people how to fight. William James argued that in order to study optimal human functioning thoroughly, one has to consider the subjective experience of an individual.

For that belief, in 1906, James is considered, by some psychologists, to be America’s first positive psychologist. Earlier influences on positive psychology came from philosophical and religious sources. The ancient Greeks had many schools of thought. During the Renaissance, individualism started to be valued. Utilitarian philosophers, such as John Stuart Mill, believed that moral actions are those actions that maximize happiness for the most number of people, and that an empirical science of happiness determine which actions are moral. Thomas Jefferson and other democrats believed that Life, liberty and the pursuit of happiness are inalienable rights, and that it justifies the overthrow of the government. The Romantics valued individual emotional expression and sought their emotional true selves.

According to Dr. Seligman, during hard times, strengths and positive emotions help people get through. Seligman defines a “good life” by using own strengths consistently. Work, leadership, institutions and culture are interrelated and integral to positive psychology. Even if people were financially free, people would still do something with their time, after getting all the fun and travel out of their system. Therefore, happiness at work transfers and contributes to people’s life happiness. Work naturally shapes people’s network or circle of influence, as humans like to group up with people who share commonalities with their work, industry, and professional experiences.

Individuals can also think of times when they were not stimulated at work; their work was repetitive and meaningless. Studies have shown that the workers, who thrive, are the ones who are continuously challenged in meaningful ways, so work can become fun and play. Besides, more and more scholarly articles stress the importance of happiness at work and slowly but surely more organizations are realizing it and make it their goal and mission with employees. To create positive institutions, it is important not to keep secrets, following a mission and have effective conflict resolutions skills. According to Seligman, there are five traits to positive institutions: continue growing, CEO modeled, being bigger than its sums of the parts, empowering to make decisions, and being clear with the mission or purpose. Positive leaders create positive companies and institutions. Again, positively and positive energy is contagious, because, from a quantum physics perspective, everything is energy.

Therefore, people tend to gravitate towards other positive people, positive leaders, positive teams, institutions and positive cultures. The proposed model to link positive psychology and business, to make businesses successful and sustainable, is to center them around the VIA Human Strengths. Institutions or organizations are seen as micro-society and micro-communities that expand outward. Coming from strength or love, versus lack or fear, always produces far better results and outcomes. Change is about strength. All of these principles could be summarized by saying that it is best to see, focus on and bring out the best in people. These principles are true across different cultures worldwide. Optimism for the future reduces anxiety. Hope for life after death helps coping with death, but denial of life after death helps celebrating and appreciating life more. The essence of joy is enjoying the present. The thought of eternity or immortality helps valuing life, as there would be no reason to keep something of no value.

Positive psychology studies happiness and how that relates to love and gratitude. What faith offers, such as community, gratitude, forgiveness, purpose, acceptance, altruism, and eternity, increases well-being. Marriage is the hope for happiness. We choose a career, or fly believing, hoping, or having faith. The chance for error in faith makes humans humble and open to hope that feeds love and joy.

Positive psychology also studies meaning and motivation and how these relate to happiness. Life purpose is the meaning and direction of one’s reality or experience and goal creation and pursuit. Quality relations and quality life are achieved through negotiation of adversities. To understand whether a political action is good or bad, it is possible to look at motivation or the motive, such as the general group/public good purposive and committed principle, versus a personal self- need.

Reading articles on positive psychology, evidence shows optimists lead healthier, less stressful, and more successful lives than pessimists (Weisberg, 2010). Positive psychology studies the power of optimism and its correlation to more resiliency and health. Resiliency is exemplified in the book of Viktor Frankl about a man in search for meaning. Frankl studied why some of his fellow concentration camp mates made it like him and other did not, given the same constant conditions. Frankl hoped to see his wife again. Psychiatrist J. Nardini, another camp survivor claimed: “It was important to think of one’s self as better than what the environment implied.” According to Martin Seligman, optimism allows to overcome challenges. Seligman describes pessimism or giving up as learned helplessness. Managers with a positive attitude made better decisions than other colleagues. Negotiators with positive facial expressions were more likely to gain concessions than those who with a poker face. “Positivity” generates less stress-related hormones, and diminishes inflammatory reactions to stress.

Here is a wonderful application of positive psychology. IntenSati is a high-energy cardio workout that incorporates positive psychology. Positive affirmations, balance work and feel-good talk, accompany the exercises with themes for mindfulness, positive psychology and the law of attraction. Moreno created this mind/body fitness routine after struggling with her weight. Participants burn about eight hundred calories per class. The class starts with warm up chanting, “This week, who are you becoming? I take responsibility for my thoughts and actions, every day, in a very true way; I co-create my reality “. Every pose has a declaration. The rhythm of the words creates a sequence of movements. Participants of all ages love it. Music is in the background. “I am becoming all I want to be! I feel my joy and power. It feels so good. I am on fire!” Some examples of movement names are: greatness, fearless and grace.

Positive psychology shows how happiness or optimism, positive emotions and affect are useful, leading to better health and greater success. Happy, or positive, people are more successful at work. Positive psychology proposes mind over matter. Graduates of University of Pennsylvania in positive psychology coauthored a popular business self-help book, founded a consulting group to bring positive psychology into the public schools, through workshops on such topics as measuring and nurturing character strengths and virtues and learning tools for building optimism and resilience. Most opportunities of applied positive psychology are in organizational consulting and business coaching.

Another application of positive psychology is found in health coaching. Health coaches use patient activation, motivational interviewing and positive psychology to elicit behavior change, ensure clients manage themselves and positively impact health. The Patient Activation Measure (PAM) is a scale that asks people about their beliefs, knowledge and confidence of health behaviors. Motivational interviewing skills can provide a foundational framework for health coaching interaction. Positive psychology links positive emotions and well-being with both health and longevity. Coaching psychology explores the client’s mental state and physical condition. Positive psychology is used in coaching clients to identify life issues that are keeping them from being their best self in managing organ and weight issues. Health and happiness are correlated. Coaching is intellectual exercise. Not exercising can lead to depression. PAM is used in ambulatory and telephone coaching programs. Engaged clients are motivated. Medical and business fields accept health coaching. It is beneficial to have primary care providers who can coach.

Positive psychology also focuses on creating resiliency and positive attitudes instead of curing emotional problems. Many people are unhappy with their jobs, and they also are afraid of losing them, as a result of a lack of confidence. To build self-confidence, it is important to be an optimist, to break through fears and take action, be surrounded with positive people and to be mentored. Finally, it is crucial to become a mentor to help others. Everyone has learned what that can highly benefit others. Marshall Goldsmith, famous executive coach advises to find a positive spirit toward what the person is doing now, that starts from within. It is possible to create a positive spirit by becoming more self-confident. Successful people are self-confident and optimists. They face their fears and act, surround themselves with positive people, find mentors and become mentors.

Positive psychologists apply state-of-the-art psychological research to people’s lives. Positive Psychology goes beyond overcoming the unhappiness of past problems. Positive psychologists focus on where people want to go in their lives so that they can empower them to get there. An early part of the change process is education. Learning about success and personal fulfillment is the starting point because it shifts the client’s mindset. As Einstein said, people cannot solve problems with the same mind that created them. Positive psychologists engage with clients to move them from suffering to thriving, with new experiences. Otherwise, the person remains stuck on old programs and preconceived patterns of operating. This activity generates a positive first step.

Positive psychologists counsel to live life according to the principles that research shows successful. Some of these principles involve passion for achieving positive outcomes, bringing an abundance of positive energy to relationships, facing challenges with optimism, using strengths to achieve goals, replenishing energy to meet goals, and making a difference in the world. If positive psychologists have experienced and learned these principles, it is easier for them to counsel others to do the same and be the change they want to see in the world, like Gandhi taught us. Positive psychologists ask: What is the dream? Who might be able to help get there? What challenges will there be? What strengths will overcome those challenges? How will the positive energy be kept to reach goals?

What will the achievement of the dream cause in the world? Change starts by enlightening people. After the first positive psychology meeting or session, clients understand that it is possible to obtain a positive outcome because their experience was outside of their norm. Clients are encouraged to experience something new to end their struggles. The psychologist offers proven strategies to help clients realize their goals. Each session measures progress. Positive psychologists are guides. To achieve authentic happiness, people must put the same level of time and energy into working toward optimal functioning. To improve their lives, people must learn specific positive ways and suggestions of responding to their concerns, doubts, anxieties and criticisms. They need continuous encouragement to use their strengths, think optimistically around challenges, and stay positive in their relationships.

Some other applications of positive psychology consist of focusing on a few things that went well during the day, before sleep, increases wellbeing. Asking what works well and why brings out powerful solutions. Positive psychology relies on serious scientific research.

A central topic of study in positive psychology, like mentioned before, is gratitude. Gratitude can amplify happiness and the good. Positive psychology can lead to a healthy and happy balance between work and life. The demands of juggling work and home lead many women to try to do everything. In the effort to be superwomen, many women lose sight of what makes them happy and they fail to realize how important their happiness is to being a good worker and a good mother. The key to being the best at everything one does is to take care of happiness the way health is taken care of, through conscious choices every day. People can use positive psychology to shift from a scarcity mentality to an abundance mentality for workplace success. This helps tapping into the sense of joy every day for own happiness and the happiness of those around.

It is important to have all the things that really matter. Cathy L. Greenberg, PhD, founded h2c, which stands for happy companies, healthy people, the first organization to specialize in coaching leaders on the art and science of building happy, high-performance companies. Her motto, saying that happiness equals profit, has become a mainstay for both her personal life and those she serves around the world. Gratitude is one of the most endorsed strengths worldwide. Gratitude is character strength and contributes to life fulfillment and satisfaction. Gratitude implies awareness and being thankful. Gratitude can be built by focusing on positive aspects. There are reliable and validated exercise to build gratitude, such as journaling and writing structured gratitude letters. Studies and experiments show a directly proportional correlation between happiness and gratitude and an indirect correlation between gratitude and depression, which is in line with the definition and diagnosis of depression.

Gratitude or the expression of appreciation for someone or something else produces best results if it is practiced daily, in an honest way. It is agreed by most philosophies that gratitude is a necessary manifestation of virtue and necessary part of wellness. More studies show a directly proportional correlation between optimism and gratitude. More research and coaching shows that grateful individuals make more and faster progress towards personal goal achievements. Individuals who score high in gratitude levels reported more enthusiasm and energy than those individuals who score lower. Grateful people are focused outwards or on helping others or external causes; therefore, they are socially well positioned. Gratitude brings out other positive virtues in people.

Overall, positive psychologists and clinical positive psychologists agree on the correlation between gratitude and human flourishing or wellness or health or well-being. It is strongly hypothesized that gratitude also positively correlates to positive emotions and sociability and more studies are being conducted. Gratitude can be a positive emotion when favors happen and when valued benefit occur. In this light, gratitude is a moral thermostat or gauge or predictor for outcomes. It is interesting to notice that gratitude is given gratis, hence the word. Studies show that gratitude benefits the person being grateful and the person who receives the gratitude. More studies on the motivations of gratitude are being conducted. The younger individuals are, the more they are going to benefit from gratitude; that is why it is important to promote gratitude at the youngest age possible. More and more research is proving this finding.

Positive thinking is everywhere. It has entered the corporate and business world every day. Happiness is what helps people to lead an authentic life; it is what can help live in the now rather than deferring to a future that never comes. To be happy in the present moment, people have to give up all hope of a better past.

Supporters of the positive psychology movement believe one can learn to be happy. People tend to become instantly negative, in front of positive people, and this is where many people get it wrong. The future is largely how one defines it. As Winston Churchill said, optimists see opportunities in every failure. MRI scanners show parts of the brain light up when people smile. The more people stimulate the happy part of the brain, the less the other dark side gets a look in hence why jolly people say that everything is great, the whole time. The mind clocks that people are feeling enthusiasm and produces happy chemicals just from the tone. If people jot down what success means for them on a particular day, being specific. By day five they become more optimistically ambitious, saying that today is going to be a good day!

In conclusion, this research study shows that positive psychology is based on scientific studies proving that happiness is possible and easy to learn. It takes focus and practice. The results are life changing!

Continue Reading


What You Need To Know About Monetizing Your Bank Instrument

Avatar Of Rajesh Khanna



This methodology in its truest essence dates back to the 1940’s shortly after WWII whereby heads of states and banks came together to think up ways in which money could be generated to rebuild Europe which as completely devastated as a result of the war. This meeting was known as Bretton Woods.

Fast forward to today, the methodology can and is used to raise money for infrastructure projects around the world. Large financial bodies such as the World Bank and the IMF use specialized trading programs which generate sufficient cash to go towards large infrastructure project funding.

There is a common misconception about monetizing bank instruments and most people, brokers included, have very little to no knowledge on what it takes to successfully monetize a Bank Instrument.

Bank Instrument Misconceptions

It is not uncommon for many individuals to think that if they have a bank instrument such as a Standby Letter Of Credit (SBLC) from a bank, they can cash it in. These individuals expect that the service provider (Monetiser) will automatically give them several million in cash just like that. However the reality is much different.

In reality, there are many people who purchase a Standby Letter of Credit and are then shocked to learn that their newly purchased bank instrument was never designed to be monetized to begin with. The bank instrument is therefore deemed worthless for their intended purposes.

Purpose Of A Bank Instruments

SBLC’S issued for monetization or for the purpose of securing lines of credit tend to be worded specifically and must include certain terminology. Not all SBLC’s are intended for monetization so it is important to understand what you paying for and what you are getting to ensure that it will work for your intended purpose.

The truth of the matter is that having the money to buy a bank instrument doesn’t automatically mean that your SBLC can or will be monetized. As well, there are limited service providers who are in the business of Monetizing Bank Instruments.

If the purpose of having a bank instrument issued is for project funding, it is important to note that all the ‘components’ have to be in place. Another words the SBLC Provider, Bank Issuer, Monetiser and Trader all have to be in sync with one another to stand the best chance of raising funds for project funding.

SBLC Considerations

  • Service Provider

Ideally, you should know who will be monetizing your bank instrument before you purchase it. This may not be forthcoming to begin with if you are utilizing the services of a broker and are taking an instrument you already have in your possession to them. Brokers will tend to ask for a copy of your instrument first and run it past their Provider to see if indeed it can be monetised? You should also understand that not all SBLC’s are the same.

  • Bank Instrument Issuance and Bank Rating

Next, pay attention to where the Standby Letter Of Credit is coming from? This will have a big impact on not only whether the instrument can be monetised but also how much LTV (loan to value) you can anticipate to receive? For example instruments from say the United Kingdom would have a much higher credit rating than an instrument from Argentina. The jurisdictions and legal ramifications are not the same and you should know and understand the differences. This will also affect the bank instrument’s cost and acceptability to Monetizing third parties.

  • Bank Instrument Wording

If possible, ask for a copy of the DOA which should have a sample of the wording of the SWIFT MT-760 (the actual SBLC) and read it carefully. Pay attention to every word and have it reviewed by professionals and the beneficiary prior to paying for it. Verify if the bank instrument is suitable for monetization and if possible, try to find a service provider who will monetize it in advance. Whilst it involves extra work up front, it will pay off in the long term. There are two key words you need to look for when reviewing the text being “Cash backed.” Most monetisers will not be able to do anything with a bank instrument which is not Cash backed.

  • Purchasing An SBLC For A Line Of Credit

If you are establishing a credit line with your bank, it will be helpful to them if you can show them the text ahead of time. However, just showing someone your SBLC text may not be sufficient to establish a credit line. Of course the text is the first thing a Monetiser will look at but its far from the only thing we will consider.

Monetizing Bank Instruments; Things To Consider

There are several things worth considering. For example when using a bank instrument to raise funds for a project, a solid business plan and solid relationships are a good start. In other words, you must have an actual project and a professional business plan.

If your entire business plan was to get the Standby Letter Of Credit and then send emails to companies involved in monetizing bank instruments in hopes of finding someone to give you cash, then this would not be considered as a ‘business plan.’

  • Other Supporting Documentation

If you have a solid written business plan for a new company say in the energy sector as well as PPA’s and off-take agreements in place and need a Bank Guarantee to secure credit lines, this would more than likely bode well with the bank.

The key is that you must have your paperwork together and you must have a tangible way to make money from your project or investment. These are the things which credit providers are looking for. Ultimately the bank must like and believe in your project if you are looking to them to raise credit against a bank instrument. Anyone can purchase an SBLC but only those who have done the hard work and homework will stand a good chance to get the instrument monetized or have a credit line initiated if that is your end goal.

  • Your Own Credit Line

If you are going down the route of having a Third Party block millions of dollars to set up a credit line for you backed by a Bank Instrument, be prepared to listen and follow instructions from the credit provider – they are assisting you and not the other way round. You are propositioning the investor, not the other way around. It is not uncommon for the project sponsor to be of the belief that theirs is the most important project and that their demands should be met. It doesn’t work that way.

If the credit line provider has set procedures and guidelines to adhere to, it is well advised to comply with their procedures. One thing for sure, service providers are in need given the lack of liquidity in the banking world and therefore they can pick and choose whom they want to work with. We have witnessed many service providers walk away from transactions due to clients being difficult and uncooperative.

Be prepared to submit a full Corporate Information Sheet (or Biography/Application) on your company and its officers along with a complete business plan. In the case of monetising an instrument, be prepared to submit the text of your SBLC. Explain how you acquired the bank instrument and why you need it monetized.

  • Your Exit Strategy Plan

Go into detail about how you plan to exit this strategy and how you intend to return the instrument at the end of the term. However in the case of monetising an instrument, the monetiser will be responsible for returning the instrument at the end of the term. In essence you will be assigning the instrument to the monetiser in order for it to be monetised. Be aware that you may need to show Proof Of Funds (bank statements, not blocked funds) in many cases. If you follow the instructions and what is required of you, there shouldn’t be a problem in having your line of credit established and/or having your SBLC monetised.

Continue Reading