Important Disclosure. For corporate sponsors and accredited investors. Not a public offer. Local restrictions may apply. Prepared September 2025.
SBLC, BG, DLC, UPAS & APG Underwriting and Placement Agent
We structure and place standby and documentary trade instruments so they fund. FG Capital Advisors arranges SBLC, BG, DLC, UPAS LC and APG issuance. We raise margin to back issuance where required, coordinate confirmation and discounting, and set controls so credit can approve. Minimum aggregate commitment is USD 10,000,000. We fund select deals directly where the risk, collateral and economics meet our criteria. In all other cases we act as arranger with banks and funds. Fees are clear. A non refundable mandate retainer for underwriting and a success fee at signing or first draw.
Who We Serve
Producers and Miners
Metals, concentrates, energy and agri with contracted offtake and tight logistics.
Processors
Refiners, smelters and manufacturers that need working capital and inventory turns.
Traders and Distributors
Cross border shipments with named buyers, confirmed receivables and stock finance.
Team Qualifications
Trade Finance Desks
Ex bank commodity and trade finance coverage, LC confirmation and forfaiting desks. We know how credit thinks and what clears committees.
Structured Credit
ABS and receivables financing backgrounds covering eligibility criteria, waterfalls, triggers and reporting that investors expect.
Risk, Docs and Ops
Hands on control build outs. Title wording, LOUs, controlled accounts, notices and inspection routines set the foundation for approvals.
Legal and Compliance
Counsel who draft LC wording to UCP 600 or ISP98 and guarantees to URDG 758. KYC, sanctions and AML screening from the start.
Instrument Quick Guide
| Instrument | Use Case | Ruleset | Tenor | Key Controls |
|---|---|---|---|---|
| SBLC | Performance or payment standby to support prepayment or trade debt | ISP98 or UCP 600 | 6–36 months | Title wording, assignment of proceeds, notices, insurance |
| BG | Bank guarantee to secure obligations under supply or EPC contracts | URDG 758 | 3–36 months | Underlying contract, claim mechanics, expiry and cap |
| DLC | Commercial letter of credit to secure shipment payment | UCP 600 | Up to 360 days | Docs by Incoterm, inspection, transport control |
| UPAS LC | Usance payable at sight. Buyer gets tenor. Seller gets sight funds | UCP 600 plus bank terms | 60–180 days | Confirmation, discount line, reimbursement terms |
| APG | Advance payment guarantee to secure buyer prepayment | URDG 758 | Through delivery or milestone | Milestone tests, inspection, shipment evidence |
DLCs reference UCP 600. Standbys reference ISP98. Guarantees reference URDG 758. Reimbursement can reference URR 725.
What We Arrange
Issuance
SBLC, BG, DLC, UPAS and APG through banks and programs that fit jurisdiction, counterparty and collateral.
Margin and Collateral
Cash margin, collateral accounts or high grade security to back issuance, subject to perfected control.
Confirmation
LC and SBLC confirmation to lift risk to the confirmer and reduce country exposure and collection risk.
Discounting and Forfaiting
UPAS discount, DLC discount and receivables purchase against confirmed or insured paper.
Securitization
Programmatic placement of eligible trade assets into notes for qualified investors with reporting and covenants.
Risk and Hedges
FX and commodity hedge coordination with margin terms that fit loan covenants and cash cycles.
When We Fund Directly
Ticket and Tenor
Typical tickets USD 5–25M per file inside a USD 10M+ program. Tenor 60–360 days on self liquidating trade flows.
Security Package
Control of title, notices to buyers, assignment of proceeds, controlled accounts and inspection. Insurance where needed.
Use Cases
UPAS confirmation and discount, confirmed DLC discount, SBLC backed prepayment with tight controls, short dated inventory turns.
Pricing
Risk based. Benchmark plus a spread, plus fees and third party costs. Final terms depend on diligence and controls.
Direct funding is offered by affiliated vehicles on a case by case basis and only after KYC, sanctions and collateral verification.
Documentation and Controls
Core Docs
Contracts, POs, invoices, bills of lading, warehouse receipts, inspection and assays, certificates, insurance by Incoterm.
Control
Title wording, LOUs from terminals, controlled accounts, assignment of proceeds, perfected security and buyer notices.
Indicative Economics
| Case | Size | Tenor | Key Terms | Borrower Cost |
|---|---|---|---|---|
| SBLC Issuance | USD 25,000,000 | 12–24m | Cash margin or collateral, claim conditions, clean wording | Benchmark + 3.0–5.5% pa plus fees |
| BG or APG Issuance | USD 20,000,000 | 6–24m | URDG 758 terms, cap, expiry and call mechanics | Benchmark + 2.5–5.0% pa plus fees |
| DLC Confirmation | USD 15,000,000 | Up to 180d | Confirmed at shipper bank. Reimbursed at sight | Benchmark + 1.0–3.0% pa equivalent |
| UPAS LC Discount | USD 30,000,000 | 60–180d | Usance to buyer. Sight to seller | Benchmark + 1.5–3.5% pa equivalent |
| Confirmed LC Discount | USD 25,000,000 | 90–180d | Named buyers with notice and control | Discount rate + confirmation fee |
Pricing varies by jurisdiction, rating, collateral, tenor and sanctions profile. Third party costs and bank charges are separate.
Execution Process
Typical timing 8–14 weeks. SBLC or APG backed prepayments can take 12–20 weeks due to onboarding and control build out.
Request SBLC, BG, DLC, UPAS or APG Support
Submit your contracts, collateral pack and shipment plan. We will line up issuers, margin, confirmation and discount lines to execution. Direct funding available on select files.
Start Your RequestFAQs
Do you fund directly?
Yes on select deals. We also act as arranger with banks and funds. Both paths start with underwriting and controls.
Can you raise margin to back LCs?
Yes. We arrange cash margin or collateral accounts from qualified parties subject to security, controls and clear legal terms.
Minimum size?
USD 10,000,000 aggregate. Below this, issuers rarely allocate limits for cross border files.
Which banks issue?
Issuers depend on jurisdiction, risk and limits. We prioritize banks that clear KYC and compliance on all parties.
What improves terms?
Clean corporate structure, audited reporting, strong buyers, insurance or confirmation, tight title and logistics control.
What if credit declines?
We close the file and tell you why. You keep our feedback memo and data room checklist.
Sectors and geographies?
Global. Metals, energy, agri, fertilizers, FMCG and selected industrials. Sanctions and AML screening apply.
Upfront costs?
Our retainer plus third party costs such as KYC, inspections, insurance, legal and bank charges.
Disclaimer. All facilities are subject to KYC and AML, underwriting, collateral verification, sanctions checks and final documentation. Best efforts only. Terms can change after diligence.
