Bank Guarantees (BG), Standby Letter of Credit (SBLC), Proof of Funds (POF), Business Credit Lines, Performance Bond Guarantee, Tender Bond Guarantee, Advance Payment Guarantee, Bank Comfort Letter (BCL) etc.
We issue these and many other bank financial instruments from investors and reputable banks.
BG or MT760 is an irrevocable commitment issued by a bank on behalf of their customer. Whereas they have entered into a contract to buy goods or perform their project. BG is a promise from buyer to meet all financial obligations to the supplier in the event of default. In other words, a BG is an undertaking of a bank on behalf of its customer.
Furthermore, BG often helps firms conduct their business with parties they would never get the chance to deal with. Many suppliers will often choose to do business with customers that have a BG because it eliminates the fiscal risk. BG reduces their fear of not receiving the proper payment for the goods that they are selling.
Bank Guarantees are issued for a variety of purposes such as
SBLC/SLOC