Bank Guarantee (BG)

bank guarantee

DEFINITION

A bank guarantee enables the customer (debtor) to acquire goods, buy equipment, or draw down loans, and thereby expand business activity.

WE OFFER ASSISTANCE:

We may assist to obtain bank  instrument of ICC format 458 from AAA rated bank vendor the following terms and conditions:

  • Time of BG – 1 year and 1 month (R&E),
  • The cost of leasing instrument will be determined case by case basis (arranged by 3rd party).
  • The cost of full BG – Fresh Cut / Cash back – 76 +2% of nominal.

Payment Terms:
Upon signing of the agreement, the applicant will directly remit the fund with the bank that issues the instrument.  Upon receipt of the fees, bank will open the instrument and transmit by its SWIFT System.