01 Aug Bank Guarantee Provider (BG MT760)

Bank Guarantee Provider and BG SBLC MT760 Provider

Who Is A Bank Guarantee Provider (BG MT760)?

Grand City Investment Limited is a leading Financial Services provider that is headquartered in Hong Kong to provide Lease Bank Guarantee, Standby Letter of Credit (BG/SBLC MT760), SBLCs, Letters of Credit, Business Loans, SME Loan, Project Financing, Monetization of BG/SBLC and funding for all kinds of viable projects.

As bank guarantee providers and providers of bg mt760, all our Bank Instruments (BG/SBLC MT760) are issued from Top Prime AAA rated banks in London, Germany, France, Switzerland, Canada & USA such as Citibank New York, HSBC Hong Kong, Barclays Bank London, Standard Chartered Bank Dubai, UBS Switzerland, Wells Fargo Bank, Bank of America, Deusche Bank Germany etc.

What is Bank Guarantee (BG)?

A bank guarantee is an assurance that a bank provides to a contract between two external parties, a buyer and a seller, or in relation to the guarantee, an applicant and a beneficiary. The bank guarantee serves as a risk management tool for the beneficiary, as the bank assumes liability for completion of the contract should the buyer default on their debt or obligation.

HSBC BANK GUARANTEE SWIFT MT760

A bank guarantee is a contract between 3 different parties and they include:

• The applicant (the party that requests a bank guarantee from the bank and borrows from a creditor)
• The beneficiary (the party that receives a partial guarantee)
• The bank (the party that agrees to sign and assures payment in case the applicant fails to repay the loan)

Bank guarantees are very commonly utilised among business entities. With the help of a bank guarantee, the debtor or borrower or customer will be able to purchase equipment, machinery, raw materials, acquire additional funds, etc. for commercial purposes. Bank guarantees help businesses as creditors will get a proper reassurance that the loan amount will be repaid by the bank if the business is unable to repay the loan entirely on time.

When a bank signs a bank guarantee, it promises to pay any amount according to the request made by the borrower. Hence, signing a bank guarantee implies a high risk for banks.

We can help you to obtain financing for your business or projects, activate credit line, Issue & provide Letters of credit, BG or SBLC for you, provide loans against financial instruments, and monetize financial instruments.

Advantages of Bank Guarantees To the applicant:

• Small companies can secure loans or conduct business that would otherwise not be possible due to the potential riskiness of the contract for their counterparty. It encourages business growth and entrepreneurial activity.
• The banks charge low fees for bank guarantees, normally a fraction of 1% of the overall transaction, for the assurance provided.

• The beneficiary can enter the contract knowing due diligence’s been done on their counterparty.
• The bank guarantee adds creditworthiness to both the applicant and the contract.
• There is a risk reduction due to the bank’s assurance that they will cover the liabilities should the applicant default.
• There is an increase in confidence in the transaction as a whole.

• The involvement of a bank in the transaction can bog down the process and add an unnecessary layer of complexity and bureaucracy.
• When it comes to particularly risky or high-value transactions, the bank itself may require assurance on the part of the applicant in the form of collateral.

BGs reflect the confidence of the bank in your business and indirectly certify the soundness of your business.

Assessment of Business

In the case of foreign transactions or transactions with Government organizations, the foreign party or a Government Undertaking is constrained and cannot assess the soundness of each and every applicant to a project. In such cases, BGs act as a trusted instrument to assess stability and creditworthiness of companies applying for projects.

The Confidence of Performance

When new parties associate in the business and are skeptic about the performance of the company undertaking the project, performance guarantees help in reducing the risk of the beneficiary.

Risk Reduction

Advance payment guarantees act as a protection cover wherein the buyer can recover the advance amount paid to the seller if a seller fails to deliver the goods or services. This protects against any probable loss that a party can suffer from a new seller.

Bank Guarantee Provider and BG SBLC MT760 Provider

Contact Grand City Investment Limited today to know how a sblc bg mt760 can help you conclude worthy deals with your suppliers and contractors. 

OUR SERVICES INCLUDES BUT NOT LIMITED TO THE FOLLOWING:

• Loans: (Personal / Business Loans, Secured / Unsecured Loans, Recourse / Non Recourse Loans etc)
• Bank Guarantees: (Performance Guarantee / Tender Bond Guarantee / Advance Payment Guarantee)
• Letters of Credit (Red Clause Letters of Credit, Usance LC, SBLC, DLC, L/C etc)
• Proof of Funds (POF) Messages: Pre Advice Message / Bank Comfort Letters
• Purchase Bank Instruments (Bank Guarantees and Standby Letter of Credit)
• Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)
  
• Wealth Management / Portfolio Management
• Insurance & Underwriting Services
  
• PPP and Trading Platforms
  
• Corporate Finance
• Investments