A client will have to be financially qualified to be served with a fully cash backed, divisible and assignable Bank Guarantee or a Standby Letter of Credit issued by a major world bank, arranged through licensed securities dealers and transmitted via SWIFT MT760.
OUR CLIENTS ARE ESTABLISHED FINANCIAL INSTITUTIONS AND COMPANIES
During our assessment process a client evidences a company’s financial background through audited accounts and by proving last year's revenues.
OUR CLIENTS ARE SUPPORTED BY ACCEPTABLE BANKS
A borrower’s bank will act as safe keeper for the lender of the securities for the agreed upon period of time.
Key Take Aways:
A Borrower has to be qualified and his company has to be of substance.
A Borrower's bank will have to issue a conditional payment undertaking.