bank instrument providers
Joint Venture Funding – How to Present Your Project to Get Funded
DL Financial Ltd Welcomes you to the last quarter of 2015, the defacto year of Joint Venture (JV) financing. Institutional financing is not available so developers are looking outside the box to fund their projects. The most common form of favorable financing is JV. This financing comes in more shapes, sizes, and terms than colors of the rainbow. There are, however, a few common things that all JV funders look for, regardless of the project, location or dollar amount. The purpose of this article is to share with you what these common denominators are and how you should present your project to get the most favorable terms.
Let’s look at this from your potential funder’s perspective. What does he want? The answer is simple, but arriving at achieving his goals involves a tremendous amount of scrutiny and due diligence on you, the developer. Quite simply, the JV funder wants a return on his investment. You must speak his language. What he wants is a pro forma that shows what his internal rate of return (IRR) is at two and five years. If you cannot prepare one of these, find someone who can. This document or spreadsheet shows vision and the common goal of making money.
Everything else is secondary, but also very important. You need to prepare a package that consists of the following items:
- an executive summary of the project that is no more than 5 pages (no funder will read a 120 page business plan before reading an executive summary)
- the proforma
- bios and resumes of all of the key players, including your contractors
- the entire business plan
- an appraisal if you have one
Logically, the funder has the money. You have to prove that you have the brains, muscle and integrity to be a great and cooperative partner. Your opportunity is not the only one on his desk, but it will certainly be the most presentable. Sloppy presentations make for sloppy projects.Finally, the worst thing you can do is put pressure on the funder to act or fund immediately. Desperation only indicates weakness and poor planning.
How to Obtain a Standby Letter of Credit
How to Obtain a Standby Letter of Credit
Obtaining a standby letter of credit is similar to obtaining a commercial loan, though with a few key differences. As with any business loan, you will need to provide proof of your creditworthiness to the bank.
Unlike a loan, the process for approval for a SBLC is much quicker, with letters often being issued within a week of all paperwork being submitted. Also unlike traditional loans, the bank will require a fee of between one and ten percent of the SBLC amount before issuing the letter. This fee is usually charged per year that the letter of credit is in effect. If the terms of the contract are fulfilled early, you can cancel the SBLC and not incur additional charges.
For small business owners, the standby letter of credit can be a powerful tool for establishing trust with suppliers and vendors. Obtaining an SBLC is proof that you and your company have good credit, and can put many suppliers at ease about providing you favorable financing terms. Furnishing a financial SBLC can often allow you to negotiate payment and financing terms with suppliers from a position of strength in order to get the best interest rates and payment schedule, while maintaining a good relationship with your suppliers.
If you provide services, on the other hand, offering to furnish performance standby letters of credit can be extremely useful to helping your business secure large contracts. Putting your clients at ease by being willing to guarantee your work financially can overcome many of the objections business owners face in the selling process.
What is a Bank Guarantee?- Understanding BG and its uses
The term “bank guarantee” has no precise definition, particularly in international law. Some use the term exclusively to describe a transaction in which one party makes an independent guarantee commitment in respect of another party’s liabilities, regardless of the latter’s form and enforceability. Others describe guarantees as all transactions in which security is offered; from letters of comfort (which often are morally binding at most) to surety bonds and abstract payment undertakings.
A Bank Guarantee can be described as a Letter of Guarantee issued by one bank to another bank to guarantee the performance of an obligation on the part of the applicant, guaranteeing the beneficiary.
A Bank Guarantee is where one Bank (the Issuing Bank) issues an indemnity to another Bank (the Beneficiary Bank) or directly to a Beneficiary, on behalf of its account holder. The Issuing Bank will expect its account holder to pledge ‘assets’ to the bank for its issue.
Bank Guarantee’s take many forms.
Some Guarantees are written to guarantee rental payments, some are written to guarantee payments upon the meeting of certain conditions. Some are even issued to guarantee loans and credit lines. All of them are written for a specific purpose to a specific party.
Each Bank Guarantee will be worded for the purposes it is intended. Some may be ‘callable upon demand’ or some may only be ‘callable’ when the Beneficiary provides notice of satisfaction of a pre-determined condition.
Currently, under the new Uniform Rules for Demand Guarantees (URDG 758) an underlying contract should be provided that states clearly the purpose of the Bank Guarantee and forms part of the Guarantee, for example a Rent Agreement or Payment Obligation.
In international trade dealings, buyers and sellers often experience problems of trust within each other to honor their payment obligations. A seller may find it difficult to ascertain the buyer’s willingness and ability to make payment, whilst the buyer may not be convinced that the seller genuinely intends to perform his side of the agreement or has the necessary financial and technical resources to do so. Just as the buyer needs protection against non-performance, so the seller will want to minimize or insure against the risk of non-payment. Documentary credits are generally used in such cases, yet various other forms of bank guarantees are available.
The common element in all these arrangements is that the guarantor undertakes to be answerable for the payment of a debt or the fulfillment of a payment obligation in the event of default by the party that is responsible for it.
DL Financial Limited are direct provider of bank Guarantees (BG), SBLC, DLC and All other types of Letters of Credit. We are legally registered Financial Firm with good reputation. We only work with Top Prime rated global banks.
We deliver with time and precision as set forth in the Deed of Agreement (DOA). All our customers can engage our leased bank instruments into trade programs, Business expansion projects, Aviation projects, Agricultural projects, Petroleum/Oil/Gas, Telecommunication, Construction Projects and any other turnkey project. Our terms and Conditions are reasonable.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG)/SBLC
2. Total Face Value: Eur/Usd 1M MIN and Eur/Usd 50B MAX).
3. Issuing Bank: HSBC, Barclays Bank, Standard Chartered, Citibank or AA rated Bank in Western Europe or USA.
4. Age: One Year, One Day
5. Leasing Price: 4% of Face Value plus 1% brokers commission (only if there is a broker involved in the transaction)
6. Delivery SWIFT TO SWIFT.
7. Payment: Wire Transfer.
8.. Hard Copy: Bonded Courier within 7 banking days.
All relevant information will be provided to any serious customer upon request.
Please forward all your inquiries & consultations to our contact details as follows:
DL Financial are NOT Brokers! We Are Direct Providers of Loan, BG, SBLC, DLC & Project Funding
We are NOT Brokers! DL Financial Limited are Direct Genuine Bank Guarantee Issuers, monetizers and discounters.
Direct means….. There is no Broker between us and the you the customer, we have open direct unrestricted access to the most reputable prime Bank Guarantee and SBLC issuing banks in the world.
DL Financial has forged close committed, long term relationships with large wholesale service providers, BG Issuers and Monetizers who want to focus on transacting deals not running a retail store front and dealing with a wide cross section of difficult, demanding and often uninformed customers.
So DL Financial has became the central focus, we now handle all client liason, we prepare, arrange, issue and in most cases draft all the BG Issuing and BG Funding contracts.
We deliver the front end, our wholesale suppliers deliver the back end. It is the perfect partnership and synergy, each focusing our time and attention on our core strengths and being able to smoothly and efficiently close client deals.
There is no Broker Joker BS with us, our motivation is to work with clients and get the deal closed. There are no Broker Games, No Middle Men, No one that stands between us, the customer and the issuing banks.
We are pure and simple the Agreement Issuers and the Dealmakers for the Entire Process!
We happily pay all brokers who refer business to us but we are not brokers ourselves. So when your tired of 9000 Brokers and 1000 Scammers and you want to get something real completed, email us immediately. We look forward to being of service to you.
DL Financial Ltd issues Real Bank Guarantees, real and genuine SBLC’s and completes Real Funding without long stories!
Others Talk, but DL Financial Delivers. If you are tired of brokers and scammers cheating you and telling you stories and no one ever delivering what they promised, maybe its time you became a customer of DL Financial Ltd.
Top 5 Credit Cards For the Super Rich ONLY
For people of average wealth, credit cards are ways to get by when money is tight, make additional purchases or to earn generic rewards. Credit cards give the super-rich power, incredible perks and help them further fund their extravagant lifestyles. Many of these exclusive credit cards come only through invitation or by achieving specific benchmarks.
1. American Express Centurion Card
The American Express Centurion Card is the most exclusive credit card in the world and is commonly known as the original black card. Launched in 1999, American Express has kept it in a shroud of uncertainty, giving it a very high level of status in the minds of consumers. The company won’t release the full details of the card or how one can become a cardholder, but a few criteria have been leaked.
Before even applying to own this card, a person has to be an American Express Platinum cardholder for at least one year. The cardholder must charge at least $250,000 on the Platinum card in one calendar year. Then, if a cardholder is lucky enough to be invited to apply for an American Express Centurion Card, she will need to pay an initial fee of $5,000 and an annual fee of $2,500.
With these criteria and fees come some very nice perks. The American Express Centurion Card provides access to a 24-hour concierge service, flight upgrades, complementary hotel rooms, personal shoppers and the ability to close a retail store for personal shopping.
2. JP Morgan Chase Palladium Card
The JP Morgan Chase Palladium credit card is made of laser-etched palladium and gold, and it is reserved for consumers who have a relationship with JP Morgan’s private bank, wealth management or investment bank. Unlike the American Express Centurion Card, this card has an annual fee of only $595 and has no prior spending requirement.
The JP Morgan Chase Palladium card offers its cardholders a very high rewards program. Each dollar that a cardholder spends on travel results in two points toward the card’s reward benefits. Cardholders also receive a 35,000 point bonus after spending $100,000.
3. Dubai First Royal MasterCard
The Dubai First Royal MasterCard is trimmed in gold, with a .235-carat diamond in the center of the card. Consumers must receive an invitation from Dubai First to become cardholders.
The card comes with some amazing perks. Cardholders have access to a team of 24/7 lifestyle managers whose sole purpose is to meet the cardholders’ every request. Additionally, the card has no credit limit and zero restrictions, allowing cardholders to spend as much as they want.
4. Stratus Rewards Visa Card
The Stratus Rewards Visa is a card that tries to differentiate itself from other elite cards, even down to its color. The bright white card is available to high-net-worth individuals (HNWIs) only through invitation. However, these individuals can pool their rewards points together to use toward private jets and other perks, an option exclusive to this card.
These other perks include personal concierge services, discounted charter flights, car services, upgrades at luxury hotels, merchandise discounts and consultations with lifestyle experts. The card has a $1,500 annual fee.
5. Coutts World Silk Card
Queen Elizabeth II uses the Coutts World Silk Card, as do least 100 other people who have $1 million or more in a Coutts account. Known as England’s most exclusive credit card, the Coutts World Silk Card comes with a 24/7 concierge service, access to exclusive airport lounges and private shopping at designer stores. However, the credit card has an extremely high annual percentage yield of 49.1%, prompting cardholders to pay off balances quickly.
We Are Providers of Loan, bank guarantees & SBLC (https://dlfinancial.wordpress.com)
QUESTIONS & ANSWERS ABOUT LEASING & LOAN FUNDING
QUESTION: SINCE WHEN ARE THE COMPANIES OF THE PROVIDER AND THE FUNDER IN OPERATION IN THE UK?
Answer: The provider companies are UK registered and operate in good standing since 1992.
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QUESTION: WHO OFFERS THIS LEASING AND LOAN STRATEGY?
Answer: The Funder is a major commodity trader, holding large cash reserves in Europe, enabling the company to engage in single transactions of up to EUR 50 Billion. He is working closely with the collateral provider since more than twenty years.
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QUESTION: WHAT ARE THE BASIC TERMS OF THIS LEASING & LOAN FACILITY?
Answer: LTV 95%, 6% p.a. (2% for the loan and 4% for leasing the instrument) for up to 30 years, with early repayment option and availability from project funding of almost any size, from £1 million and up to £ 5 billion.
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QUESTION: WILL I DEAL WITH ONE OR SEVERAL ENTITIES?
Answer: Terms and conditions and the legal structure require you to deal with two separate entities which work together on this concept since more than twenty years. We enable access to both, the loan provider and leasing of the collateral all at the same time.
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QUESTION: WILL THE TERMS OF ISSUING AND PROVIDING REMAIN THE SAME, OR CAN THERE BE CHANGES?
Answer: This is not a regular banking service. The market of providing financial instruments is constantly on the move and we try to obtain best possible terms at any time. So you must be aware that an indication provided today might not be valid and available tomorrow.
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QUESTION: DO YOU ASK FOR AN EQUITY STAKE IN MY COMPANY?
Answer: This concept enables you to retain all equity of your company or project under your sole control and still get all the liquid cash that you require to fund your project.
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QUESTION: ARE THE SWIFT AND BANK FEES REFUNDABLE?
Answer: The required fees are refundable in the event the instrument would not be issued for you. The contract and the corporate refund undertaking guarantees that.
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QUESTION: WHAT ARE THE REQUIREMENTS TO QUALIFY?
Answer: You must be able to prove the availability of a minimum of £155,000.00 (or equivalent) in liquid cash equity, through a confirmation by your bank, addressed to yourself, or you may provide a confidential copy of your current bank statement to prove that you can be an acceptable candidate for a Project Funding Loan. You will have to move some funds on a bank to bank basis, minimum £155,000.00 (or equivalent) in any other currency
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QUESTION: WHAT IS THE ANNUL INTEREST RATE?
Answer: The annual interest rate of 6% includes already the annual cost for utilizing such collateral (leasing cost 3% + 1% Broker Commission) and 2% for the loan. All-in all, your annual costs are 6% with a 95% (LTV) up to 30 years. This Project Funding Loan is available from £5 million in any currency, but rates are linked to British Pound Sterling since both the guarantee provider and the funder are based in the United Kingdom.
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QUESTION: Is there is a credit check by the Lender and his bank on the Applicant?
Answer: Yes, there is a very thorough credit check. Due Diligence on the applicant/client company must result in a clean criminal record, no bankruptcy issues and no mortgage issues. The same stands for any of the Directors that are involved.
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QUESTION: HOW IS THE BORROWER PROTECTED, BANKABLY AND LEGALLY, THAT HE WILL NEVER RISK TO LOOSE HIS MONEY, FOR ANY REASON, WHATSOEVER?
Answer: The client has a corporate contract with the bank guarantee provider company in the UK which operates this business in good standing since 1992. Can you and your company come up with the same record?
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QUESTION: WHAT IS THE FACILITATORS FEE (MY OWN BROKER FEE) IN CASE OF SUCCESSFUL END, AND WHAT KIND OF A PROTECTION DO I HAVE FOR THE DISBURSEMENT OF MY FEE AND WHEN IS THIS DISBURSEMENT EFFECTED?
Answer: The broker arrangements are quite simple and extremely interesting. Since the smallest transaction that we can avail in this concept is for £200,000,000.00 and there is a commission of 1% in the transaction which we split with the broker on a 50:50 basis, this means that you will have at least £1,000,000.00 in commission. It is becoming even more interesting if you consider that this is medium to long term financing which means, the client will have to renew the bank guarantee instrument several times (for several years). And that means, you will have £1,000,000.00 for every year the client needs to extend / renew this scenario. So it is a win-win situation for all parties engaged.
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QUESTION: CAN YOU NAME THE BANK INSTRUMENT PROVIDER AND THE FUNDING PROVIDER, SO WE CAN CROSS-CHECK YOUR INFO?
Answer: April 2015, one of our clients had due dilligence performed on both companies, the lender and the lessor by a London Lawfirm. The result is available on a confidential basis and can be downloaded. The password for this confidential document is available upon request.
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QUESTION: IS THE FEE 6% ONLY ANNUALLY, AND OR IS THE PRINCIPAL PAYABLE TOO? CAN YOU PROVIDE A HYPOTHETICAL EXAMPLE?
Answer: The terms are simple: For this concept you will have to lease a bank instrument of relevant size. The total annual leasing fees are 4% including broker fees. The loan made available based and secured through this leased bank instrument. The LTV is 95% of the face value of the instrument. The 95% cash loan is available at a lending rate of 2,5%. (4% leasing and 2.5% loan charges per annum = 6.5%p.a. total). To roll this over for another year, you will have to pay the 4% for the leasing and the 2.5% for the loan every year. Since you do not have to come up with any kind of own securities for the loan, you are using the funds generated from a LEASED INSTRUMENT. Whenever you want to stop, you will also have to pay back 100% of the leased instrument that has been made available to you when you started.
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QUESTION: WHAT TIME FRAME ARE WE TALKING ABOUT FROM APPLICATION SUBMISSION TO RELEASE OF FUNDS TO THE CLIENT?
Answer: If you have the funds available (appx. 0.1 to 0.2%) the transaction can be finished and the loan amount available within 10 to 15 banking days. ——————————————————————————————————————————-
QUESTION: CAN LOAN OBTAINED BE USED IN A PRIVATE BUY/SELL TRADE PROGRAM?
Answer: You can use the cash funds obtained in any legal way and as it was applied for, which also includes investment purposes. ——————————————————————————————————————————-
QUESTION: WILL THE LEASED BANK INSTRUMENT BE SWIFT-ED DIRECTLY TO THE FUNDER’S BANK OR MUST IT LAND INTO THE CLIENT’S ACCOUNT FIRST?
Answer: It is sent via SWIFT MT799 and MT760 directly to the account the funder will open for your transaction at his bank and you will have to assign the instrument to the funder to backup the loan.
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QUESTION: WHAT IS FUNDER BANK’S NAME, RATING AND LOCATION?
Answer: Both, the funder and the lender have their bank accounts at the major banks in London. ——————————————————————————————————————————-
QUESTION: WHAT IS LEASE INSTRUMENT PROVIDER’S BANK NAME, RATING AND LOCATION?
Answer: Both, the funder and the lender have their bank accounts at the major banks in London. ——————————————————————————————————————————-
QUESTION: WHAT HAPPENS IN THE CASE WHERE THE CLIENT IS ABLE TO PROVIDE THERE OWN INSTRUMENT?
Answer: The funder only works with the approved provider of the instruments and does not lend against third party instruments. ————————————————————————————————————-———-—
QUESTION: WHAT IS THE PROCEDURE FROM APPLICATION UNTIL THE LOAN IS PAID OUT?
Answer: From Application until the Loan Amount is paid to your client
(1) You client’s Application has to come with proof that the SWIFT and Bank Arrangement fees are blocked IN YOUR CLIENT’S ACCOUNT for this transaction. IF THIS CAN NOT BE PROVIDED, we require a processing fee of USD 5,000.00 which will be credited towards the commission payment at the time the loan is paid out to your client.
(2) We will arrange that the LENDER will issue a Loan Contract for you and the LESSOR will arrange a leasing contract for you in line with what you have received as a specimen already.
(3) THE LESSOR will block the funds for issuing your client’s leased Bank Guarantee (FUNDS BLOCKING PROCEDURE as described in the Leasing Contract)
(4) Your client will receive an email from the bank officer confirming that funds are blocked for this transaction and the transaction will proceed
(5) Your client will have to transfer the SWIFT and Bank Arrangement fees to the account of the PROVIDER.
(6) The LESSOR will send a SWIFT MT 799 to the LENDER advising the bank guarantee instrument
(7) THE LENDER will reply with a SWIFT MT 799 confirming readiness to receive the bank guarantee
(8) The LESSOR will send the SWIFT MT760 to the LENDER bank.
(9) The LENDER will fund against the leased bank guarantee 95%. He will pay the leasing fee of 4% to the LESSOR and the remaining 91% to your client in cash. This way the first year Leasing Fee, and the fee for the first year of the Loan are paid. The next payment your client will have to make is the 4% leasing fee at the end of the first year, and the 2.5% for the loan due in the following year
Gunmen take 170 people hostage at a Radisson hotel in Mali
Gunmen stormed a hotel on Friday (Nov. 20) in the Malian capital of Bamako and held 140 guests and 30 staff members hostage, with at least three people reportedly killed.
Malian security forces, assisted by US special forces based in the region, subsequently stormed the hotel, and 80 of the hostages managed to escape.
“Our special forces have freed hostages and 30 others were able to escape on their own,” Salif Traore, Mali’s security minister, told AFP. The death toll is likely to rise, with reports of many bodies in the hotel.In a statement at 13:45 CET (7:45am ET), the owner of the hotel said 125 guests and 13 employees are still in the building.
“The police and security forces helped us get out the building. There are still lots of people in there. I also saw bodies in the lobby, It was absolutely horrible,” a freed hostage told freelance journalist François Rihouay (translation by the Guardian).
Northern Mali was taken over by Islamist militants in 2012, and although they were ousted by a French-led multinational force, the groups have since staged a number of attacks on civilians, UN peacekeepers, and the Malian military.
Before the Malian counter-assault, the attackers released some hostages who were able to recite Quranic verses, according to Reuters.
Earlier, The Rezidor Hotel Group, which operates the Radisson Blu Hotel in the western part of the city, sent this statement to Quartz:
[The company] is aware of the hostage-taking that is ongoing at the property today, 20th November 2015. As per our information two persons have locked in 140 guests and 30 employees. Our safety & security teams and our corporate team are in constant contact with the local authorities in order offer any support possible to re-instate safety and security at the hotel. At this point we do not have further information and continue to closely monitor the situation.
The situation started early on Friday, a security source told Reuters. “Very early in the morning there was gunfire. Apparently it’s an attempt to take hostages,” the security source told the news agency. “The police are there and are sealing off the area.”
The Radisson Hotel, which has 190 rooms, is popular with tourists. There was reportedly a UN function being held at the hotel whenreports say gunmen entered the hotel with diplomatic cars and took over the seventh floor and were firing down the corridor. Witnesses say 10 gunmen armed with AK-47s w involved in the attack.
“They were in car with a diplomatic license plate. They were masked. At the gate of the hotel, the guard stopped them and they start firing. We fled,” a guard at the hotel told the BBC.
The local US embassy confirmed the incident on its Facebook page and warned American citizens to “shelter in place” and “contact their families.”
There are also reports that 10 Chinese citizens are trapped inside the hotel, the Chinese embassy in Mali told a Chinese paper (link in Chinese) a reporter. Four of the Chinese guests have been freed, state-run broadcaster CCTV reported. Twenty Indian guests at the hotel were also safe, according to a foreign minister spokesman:
This is the second hostage situation at a hotel in Mali in recent months. In August, 13 people died after gunmen took over a hotel in Sevare, a town in central Mali. Among the dead were five UN workers.
French president François Hollande has issued a statement of support to Mali, a former French colony:
I want to assure all Malians of our solidarity and support for them and I urge all French nationals who are in the affected area to be vigilant at this time.
In October, a jihadist leader in Mali linked with al-Qaeda in the Islamic Maghreb (AQIM), reportedly called for further attacks against France, which is helping the government fight extremists in the country.
Here’s how Paris attacks became Europe’s worst terror attack in 10 years
Paris on Friday (Nov. 13) suffered a series of at least six nearly simultaneous attacks, attributed by president François Hollande to the ISIL terror group, which left at least 127 people dead and up to 200 wounded.
The attacks shook the city during a normal, busy Friday night. They included a mass shooting at a concert hall, several shootings at bars and restaurants, and several bomb detonations, including more than one near France’s national stadium, where a soccer match between the French and German national teams was in progress. Eight assailants died, some via suicide bombings.
Hollande called the attacks an “act of war” carried out by ISIL, and pledged that France would respond with a “merciless” fight against terrorism. He declared a state of national emergency, which included increased border security, as well as three days of national mourning.
It was the worst attack on a European target since the Madrid bombingsin 2004, when 190 people were killed and more than 1,800 wounded, in four coordinated attacks on commuter trains. It is also the second terrorist attack on Paris this year, after gunmen killed journalists at the magazine Charlie Hebdo, a policewoman, and several people during an attack on a supermarket. In August, a heavily armed gunman was stopped on a train on its way from Brussels to Paris just before he was able to open fire on passengers.
ISIL claimed responsibility for the attacks in an apparent statement released on social media in Arabic and French. The statement, which has not yet been independently verified, called Paris “the capital of abomination and perversion,” and said that France’s actions in Syria were a factor in the decision to target the country. Vague generalities and conflicting information in the statement suggests that ISIL may have inspired rather than directed the attacks.
The sites of the attacks
Stade de France
At about 9:20pm an explosion detonated near the French national stadium, where a soccer match between the French and German national teams was in progress. A second blast was heard 10 minutes later, and a third 20 minutes after that. Hollande, who was at the match, was quickly evacuated. No one apart from the bombers appear to have died.
Le Petit Cambodge and Le Carrillon
At around the same time, several gunmen opened fire at Le Petit Cambodge, a Cambodian restaurant on rue Bichat, part of the the trendy Canal Saint Martin neighborhood. Eleven people were killed, the AP reported, citing a police officials. Patrons of a nearby bar, Le Carrillon, were also injured in the shooting.
Le Bataclan
Just before 10pm, in the worst single attack, around 87 people died when gunmen entered a large concert hall in the 11th arrondissement, where an American band, Eagles of Death Metal, were playing. The venue has capacity of 1,500 and was sold out, the BBC reported. Eyewitnesses described (link in French) the attackers as unmasked and young, and said they made concertgoers lie on the floor before opening fire on them.
French police stormed the building around midnight, killing two attackers. At least one report from someone who escaped said the gunmen spoke to hostages, telling them that the attack was a responseto France’s military interventions in Syria. France joined the US in targeting airstrikes against ISIL in Syria in September.
La Belle Equipe
Le Monde reported that a gunman opened fire on the crowded terrace of a restaurant on the corner of Rue Faidherbe and Rue de Charonne. There were 19 victims.
Other explosions
Five people were killed during an explosion on a street called Rue de la Fontaine au Roi. A suicide bomber also detonated a blast on Boulevarde Voltaire. The New York Times reported that one person was killed.
What’s next?
Public buildings, schools, museums, and markets are closed today, and the police have temporarily banned demonstrations and other large gatherings. There is increased security at the borders.
Attention is now turning to how such deadly, coordinated attacks could take place in a city that had so recently been struck by terrorists. Germany has offered the help of its security services, while other world leaders including Barack Obama, David Cameron, and Ban Ki Moon have sent messages of solidarity.
Discussion will intensify about how the attacks will affect Europe’s policy of open borders. These have been challenged in recent months as the flow of migrants, and especially refugees from war-torn countried like Syria, has dramatically increased.
We Are Providers of Loan for SME’s, Project Funders, Providers of letters of credit, BG, SBLC & DLC.
We are also direct providers of bank instruments such as bank guarantee (BG), standby letter of credit (buy or rent SBLC), DLC, Letters of credit. Our bank instruments are issued by prime banks like HSBC, Barclays Bank, Citibank, Standard Chartered bank or any top AAA rated bank of your choice.
Contact us today for all your Financial instruments and business finance/development.
DL Financial Ltd. 