...

What is a Bank Guarantee?

            A bank guarantee often referred to as BG is a guarantee from a lending institution ensuring the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank covers it.

 

We can simply say that a bank guarantee is a promise from a bank or other lending institution that if a particular borrower defaults on a payment, the bank will cover the loss. Note that a bank guarantee is not the same as a letter of credit.

Need a Bank Guarantee from HSBC, Barclay's Bank or Credit Suisse?

           Just because these top-rated banks do not know you enough, they may be reluctant to issue a guarantee directly to you which is why we continue to be a linking bridge between you and these banks making it possible for you to either lease a bank guarantee to be issued in our name or purchase a fresh cut bank guarantee to be issued in your name.

Even though a leased or purchased bank guarantee is valid for business, leasing a bank guarantee costs 7% of the amount on the bank guarantee generally known as the face value, while purchasing costs 35%.

Brokers benefit 2% of the bank guarantee face value on each issuance

How can I get a Bank Guarantee?

For Investors who have a fixed deposit with us, you do not need to worry about procedures.

 

  1. Fill a Deed of Agreement, (DOA),

  2. We request and obtain a Bank Guarantee MT760 sent over to you,

  3. Remit the leasing or purchasing cost.

If you do not have a fixed deposit with us, follow these simple procedures to receive a bank guarantee.

  1. Send us your Customer Information Sheet, preferred Verbiage and Company Certificate for Due Diligence,

  2. Fill a Deed of Agreement, (DOA),

  3. Remit Administrative Charge,

  4. Acknowledge RWA MT799,

  5. We request and obtain a Bank Guarantee MT760 sent over to you,

  6. Remit the leasing or purchasing cost.

Copyright © 2020 Bestford Capital Pte Ltd.  Registration No. 200808505E

1, Maritime Square #09-60 Harbour Front Centre Singapore, 099253, Singapore.

All rights reserved.