Private
Capital
Formation
ISP98 Compliant Structure
TRUST
Operated by Licensed
Trustee
200%
Over-
Collateralization
ISP98
Global Standard
Practices
MT760
Bank-to-Bank
Delivery
Summary
Based on long-standing relationships with companies active in global trade finance, including firms engaged in energy, shipping, and commodity transactions, the principals of Semina have access to fully cash-backed standby letters of credit issued by global, money-center banks. These instruments may be acquired at their net-present-value pricing directly from clients of the issuing banks, utilizing a regulated, bank-to-bank settlement process completed via SWIFT and administered through a U.S.-domiciled trust account at a global bank.
Once acquired, authenticated, and delivered into the Trust on a bank-to-bank basis, these cash-backed standby letters of credit can be pledged as collateral to obtain a series of secured credit facilities. The capital generated through these facilities is the mechanism by which Semina will fund venture and liquid investment vehicles.
To initialize this structure and purchase the first set of cash-backed instruments, Semina seeks a short-term bridge loan in the amount of fifty million dollars ($50,000,000).
The Regulated Process
Trust & Verify
- Licensed Trustee control
- Semina has NO custody
- Lender-accepted Trustee
Issuance
- MT799 Pre-Advice
- MT799 Response
- MT760 Delivery
Authenticate
- Verify MT760
- Confirm cash-backed SBLC
- Trustee releases funds
Monetize
- Lender advances ~90% of SBLC value
- Profit = spread captured
- Repeat cycle
Deal Mechanics
Frequently Asked Questions
Why Use SBLCs?
Banks issue SBLCs to their clients (Providers) instead of cash loans to avoid regulatory lending burdens and credit risk, while generating guaranteed fees. The SBLC obligation rests with the issuing bank (e.g., HSBC), not Semina.
Why is there a discount?
The discount reflects the Provider's need for immediate liquidity and the lack of a secondary trading market. It is a structural cost for liquidity, not a reflection of the asset's value.
How is fraud prevented?
Fraud is mitigated by using only regulated global banks, bank-to-bank SWIFT settlement, and a U.S.-domiciled Trustee. No funds move until the instrument is authenticated.