What is Bank Guarantee and How to monetize it?
Bank Guarantee is a guarantee by a bank or any lending institution to a beneficiary that it will fulfill the liability of a third person in case the third person defaults or is unable to deliver the terms of contract. The lending institution becomes the co-signor with the third person or the debtor in the guarantee, unless stated otherwise.
There are two types of bank guarantees that exist generally namely:-
- Performance Bank Guarantee: – In this type of guarantee, a bank assumes monetary liability up to a specified amount in case of non-performance of a contract or obligation.
- Financial Bank Guarantee: – Bank issues guarantee in lieu of monetary consideration in this type of guarantee.
Discover the services of BG SBLC LC LEASE AND SALES
- About Leasing BG/SBLC:
- Verbiage: ICC 458/758 or latest format
- Delivery: MT799 followed by MT760 or 103, & Hard Copy
- Leasing Fee: 4% + 2%
- Payment of Leasing Fee & Commission: Within 21 days
- Age: One Year, One Month
- Face Value: Eur/USD 5M MIN and Eur/USD 10B MAX (Ten Billion EURO/USD).
- Issuing Bank: HSBC Bank London, Barclays bank London,Credit Suisse and Deutsche Bank Frankfurt.
- Hard Copy: Bonded Courier within 7 banking days.
To buy bank guarantee from any bank, you need to present them with CIS (Customer Information Sheet), NCND and Proof of Funds along with your business contract and other details as and when demanded.
Bank Guarantee Monetization allows you to monetize your bank guarantee for following purposes:
- Bank Guarantees can be monetized for cash.
- They can be placed into various trade programs.
- You can monetize them in the composition of both immediate cash and trade programs.
Bank Guarantee monetization generally gives you returns between 60%-90% non-recourse. Bank Guarantee funding for owned bank guarantees can give you a return of 80% within 72 hours of the delivery of the Bank Guarantee. The returns might be low as 50% on leased bank guarantees.
While opting for a bank guarantee funding or monetization program, one should extremely assess the track record of the program and the risk involved in the process. Fraud rate is relatively higher from the past and one should choose only the most reliable and safe program such as KINGRISE FINANCE LIMITED which has a 100% successful transaction record till now. One should not fall for the cheap programs just to save some quick dollars. You might end up losing everything at the end.
Click Here to read step by step guide and procedure to obtain a bg or sblc from prime banks in USA, UK, LONDON, GERMANY, SWITZERLAND, FRANCE such as hsbc, barclays, citibank, chase bank etc.
Bank Guarantee Funding offers completely dedicated and sincere support from the experts in the bank guarantee industry. You get free flight tickets to Hong Kong where you watch the transaction complete successfully yourself.
Overview of BG SBLC LC LEASE AND SALES
We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease & sales. Our bank instrument (bg/sblc) can be engaged in PPP Trading, Project Finance, Import and Export, Trade Financing, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffeur driven offers.
We can arrange and issue bank instruments such as bg/sblc from any of the worlds biggest banks in France, Germany, London, Paris, New York, Spain, Italy, Malaysia, Indonesia, Turkey, Hong Kong, Singapore or USA. We can also monetize any bank instrument such as bg or sblc. The bg/sblc monetization arrangement issues non recourse funds to the customer shortly after the bg/sblc is delivered to the monetizer.
We use the Bank SWIFT Network to have clients’ BG/ SBLC delivered Bank to Bank using SWIFT MT799 followed by SWIFT MT760. We operate an extremely reliable, efficient delivery and authentication process.
Kingrise Finance Limited is the leading expert in the industry of buying, selling, monetizing and funding bank guarantees. Kingrise Finance Limited helps you stay away from such road blocks and get your Bank Guarantee issued and monetized consistently and seamlessly. For more details please contact us: