January 30, 2016
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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.
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 LOAN AND INVESTMENTS LIMITED which has 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.
LOAN AND INVESTMENTS LIMITED is the leading experts in the industry of buying, selling, monetizing, funding or discounting bank guarantees. LOAN AND INVESTMENTS 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 with below details…
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