Peerless Ventures may provide or arrange issuance and delivery of certified bank guarantee (BG), Standby Letter of credit (SBLC) from a top-rated bank to any bank of the client’s choice. An SBLC is a collateral financial instrument against which a credit line can be availed. An SBLC can be leased or purchased. The leased price of such an instrument ranges between 10% to 15% of the instrument’s face value with a top-rated bank. Monetization is a two steps process namely: Obtaining an instrument from a provider and getting it monetized by a monetizer. A monetizer takes possession of the instrument and provides a non-recourse loan of 35% to 50% Loan to value (LTV) if the instrument is leased or purchased.