Core structure
- Funding via Bank Credit Account Facility.
- Controlled disbursement through wire transfers.
- Each transfer must be supported by project-related documentation.
Approval & security instruments
Following approval and contract execution, the client receives the financing agreement and approval letter. The program provides for an MT760 Bank Guarantee equal to 7% of project value at the initial execution stage, followed - after completion of the stated process - by an MT760 equal to 100% of the loan value as a conditional security instrument under the financing agreement.
Use of funds
Funds are allocated into the client bank credit account and may be wired for the approved project purpose, subject to bank validation, approval and supporting project documentation.
Payment authorization
All payments are to be made directly to ICBANK. If payment is made through an agent, the program document requires official written authorization from the bank and direct bank confirmation of receipt to the client.
Program perspective
Large-scale project funding requires a different level of structuring because the project, security instruments, disbursement controls and repayment horizon must operate together. The program is designed around a Bank Credit Account Facility, controlled project-related transfers and formal security steps through MT760 instruments.
A project of this scale should be presented as an institutional case, with complete KYC, project documentation, financial feasibility and an execution plan. The program's long tenor and security architecture do not reduce the importance of project quality; they increase the need for precise documentation and controlled use of funds.
What GIGT adds to the process
As the authorized agency and consulting channel, GIGT helps the client clarify the request, organize documents, understand the relevant program structure and maintain disciplined communication through the application and follow-up process. Final banking approval, contractual terms, compliance decisions and execution remain with ICBANK.
Corporate, KYC and transaction information should be complete, internally consistent and current before escalation.
Applicants should read the official program PDF and later bank documents together rather than relying on a website summary alone.