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What is the procedure for issuing a Real Asset-backed (not cash backed) SBLC?

A real asset, say a copper mine with metal content of, MT, is looking to raise finance taking SBLC as a route. A pessimistic discounted price of copper taken at USD per MT is used to value the copper mine - USD Million. Backing an Asset of USDMillion, how can the entity arrange for a SBLC?

Project Finance Structured Finance Trade Finance Letters Of Credit Banking
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Question added by Gopalakrishnan Manavalan , Group Financial Controller , Zumran Mining & Exploration Limited
Date Posted: 2017/02/22
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