international bank guarantee provider

Kingrise Finance Limited is international bank guarantee provider, #the worlds leading provider of bank guarantee, #top bank guarantee provider, #genuine bank guarantee provider, #real bank guarantee (BG) provider, #international bank guarantee providers, #genuine provider of bank guarantee.

We are also direct providers of business loans, international project funding, Standby Letter of Credit (SBLC), Letter of Credit (LC/DLC) Bank Guarantee (BG), Performance Guarantee Bond, Tender Bond Guarantee, Advance Payment Guarantee etc. 

What Is A Bank Guarantee / Letter of Guarantee?

A Bank Guarantee is a promise made by a bank to cover the liabilities of their client if they fail to settle the debt. Such a banking instrument helps exporters and importers make purchases and conduct businesses without any financial restraints. BG’s are primarily classified into direct and indirect bank guarantees. Direct bank guarantees are issued directly to the beneficiary and are used for both foreign and domestic business purposes. Indirect Bank Guarantees, on the other hand, are provided to only governmental institutions and public entities who are involved in the export business. Listed below are some of the principal benefits of bank guarantees:

  • A Bank Guarantee is a note of financial credibility, as a major bank is backing your business operations
  • A bank guarantee permits small and medium business enterprises to provide their suppliers with a credible reassurance that they’ll be able to meet their financial obligations
  • With it, you can ensure that the contractual obligations to a supplier or vendor are followed through
  • Bank guarantee usually has an expiry date, but open-ended guarantees which provide maximum flexibility are also available

As a top bank guarantee provider, our bank guarantees are issued from prime banks such as HSBC Hong Kong, Barclays Bank London, Standard Chattered Bank or any AAA rated bank of your choice.

These bank instruments are cash backed and can be used for Discounting, Monetization and Private Placement Programs (PPP). They also can be used as collateral against a loan or credit line to secure Funding for Projects. 

#lease bank instrument providers, #international bank guarantee providers, #bank guarantee discounting hsbc, #real bank guarantee provider, #genuine bank instrument providers, #lease bank guarantee provider, #providers leased bank guarantees, #Real BG/SBLC Providers worldwide, #top letters of credit providers.

At Kingrise Finance Limited, we specialize in lending monetary assistance to businesses in the form of a Bank Guarantee, Financial Guarantee, Letters of Credit, Investments or Wealth Management. In layman’s terms, a Bank Guarantee (BG) or Letter of Guarantee (LG) is a banking instrument and financial guarantee of payment issued by a third party (bank) on behalf of the applicant, in the event of a payment default. Financial Bank Guarantee typically holds a maturity period of up to one year and are usually provided against services rendered rather than for material purchase.

Different types of bank guarantees

Trade Credit Guarantee: It helps to protect the provider of a goods/service from the risk of delayed or non-payment. These provide businesses with the necessary security to trade domestically and internationally.

Different types of bank guarantees
Types of bank guarantees

Shipping Guarantee: A written guarantee that is provided to an importer which shows joint liability in case the goods are arriving before the shipping documents.

Advanced Payment Guarantee: Also termed as Advance Payment Bond, these ensure that the terms mentioned in a commercial contract are followed through.

Loan Guarantee: A financial institution such as a Bank shall assume the debt obligation of the buyer if they are unable to meet the make the required payment on time.

Performance Guarantee: Mostly used within the real estate industry, performance guarantee serves as collateral for the buyer’s investment if the contractor fails to meet the terms listed in the contract.

For example, St. Marys hospital is a new hospital that wants to buy $1 million in medical equipment. The equipment vendor requires St. Marys hospital to provide a bank guarantee to cover payments before they ship the equipment to St. Marys hospital. St. Marys hospital requests a guarantee from the lending institution such as Kingrise Finance Limited ( kingrisefinance.com ) keeping its cash accounts.  Kingrise Finance Limited essentially cosigns the purchase contract with the vendor.

Differences Between Bank Guarantees and Letters of Credit

Letters of credit are usually used in international trade agreements, while bank guarantees are often used in real estate contracts and infrastructure projects.

international bank guarantee provider | Kingrise Finance Limited
The Major Differences Between Bank Guarantees and Letters of Credit

Bank guarantees represent a much more significant commitment for banks than letters of credit. A bank guarantee, like a letter of credit, guarantees a sum of money to a beneficiary; however, unlike a letter of credit, the sum is only paid if the opposing party does not fulfill the stipulated obligations under the contract. This can be used to essentially insure a buyer or seller from loss or damage due to nonperformance by the other party in a contract.

Considered as one of the highest levels of investment-grade banking instruments, applicants typically procure Bank Guarantees for the sole purchase of securing or borrowing funds against the indenture. An entity that is collateralized by a Letter of Guarantee inspires the confidence of financial institutions and private investors.

At Kingrise Finance Limited, we have Fresh Cut Lease Bank Guarantee (BG) and Standby Letter of Credit for lease at 4% annually, and we do not need personal guarantees or collateral from customers unlike most banks that need collateral and personal guarantees. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options. This offer is open to both individuals, SME’s and corporate bodies. We also provide loans and international project funding, our loan interest rate is only 3% per year.

Bank Instrument Description:
1. Bank Instrument Type: Cash Backed Bank Guarantee {BG}
2. Face Value: USD/EUR 1Million (Minimum) to USD/EUR 50 Billion (Maximum)
3. Issuing Bank: Barclays Bank London, HSBC Hong Kong, Citibank New York, Deutsch Bank Germany or any prime bank.
4. Age: One Year and One Day (with rolls and extensions where applicable)
5. Leasing Price: 4% of Face Value plus 2% brokers commission (Applicable only if there are brokers in the transaction)
6. Delivery: SWIFT MT-760
7. Payment: MT103 Swift Wire Transfer
8. Hard Copy: Bank Bonded Courier within 7 banking days.

So if you are looking for a Bank Guarantee (BG) or Standby Letters of Credit (SBLC) then make sure to use a reputable Financial Services Provider with decades of experience like Kingrise Finance Limited, the benefits of following this approach is to give you peace of mind that you surely will get the best deal.

Why Choose Kingrise Finance Limited For BG/SBLC Transactions?

  • Fast Turnaround
  • Best Top Rated Banks
  • Competitive Low rates
  • No prepayment penalty
  • 2 Days for Commitment
  • Extremely Satisfied Clients
  • WE KEEP OUR PROMISE
  • 20 Years of Experience & Trust
  • No Personal Collateral Required
  • Solutions for every customer & every industry.
  • Loan amounts from $1 million to no maximum.
  • Fast Approvals & Fast Funding- Closing in as little as 5 days

BROKERS WANTED: We welcome brokers who are direct to the client. New brokers are welcomed and are rewarded with 2% commission on every deal they bring to us, but you must be direct to the client and not in broker chains. We do not get involved with daisy chain of brokers, neither do we tolerate scammers, jokers and time wasters.

We would welcome the chance to earn your trust and deliver you the best service in the industry. Have a look at some of our recent projects here:

If you are interested to work with us either as a customer, broker or company representative kindly contact us immediately via Email: info@kingrisefinance.com

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