{"id":445,"date":"2023-06-23T19:22:39","date_gmt":"2023-06-23T19:22:39","guid":{"rendered":"https:\/\/grandcityinvestment.com\/?p=445"},"modified":"2024-10-11T02:55:54","modified_gmt":"2024-10-11T02:55:54","slug":"international-bank-guarantee-providers","status":"publish","type":"post","link":"https:\/\/grandcityinvestment.com\/se_SP\/international-bank-guarantee-providers\/","title":{"rendered":"international bank guarantee providers"},"content":{"rendered":"
It is important that guarantee can be enforced based on terms of the contract (i.e. guarantee agreement) existing between the bank and the beneficiary. Generally, beneficiaries do state a clause to be included for charging penal interest in the case of delayed payment. Hence, it is essential for the bank to be cautious while finalizing the format and text of the contract (the guarantee agreement). While signing the same, the provision of penal interest and clauses attached to delays and default are to be carefully noted.<\/span><\/p>\n<\/div>\n BGs reflect the confidence of the bank in your business and indirectly certify the soundness of your business.<\/span><\/p>\n 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.<\/span><\/p>\n 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.<\/span><\/p>\n 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.<\/span><\/p>\n A bank guarantee is different from a letter of credit. Please click here <\/a>to read our detailed article about Letters of Credit. A bank guarantee and a letter of credit are both promises from a financial institution that a borrower will be able to repay a debt to another party, no matter what the debtor\u2019s financial circumstances. While different, both bank guarantees and letters of credit assure the third party that if the borrowing party can\u2019t repay what it owes, the financial institution will step in on behalf of the borrower. <\/span><\/p>\n A bank guarantee<\/strong> refers to a commercial or financial instrument that is provided by a bank, where the bank assures or guarantees a beneficiary that it will make the payment to the bank in case the actual customer fails to meet his or her obligations. The bank will pay on behalf of the customer who requests for a bank guarantee.<\/span><\/p>\n On the other hand, a letter of credit<\/strong> refers to a promise or commitment in writing made by a bank or any other financial institution or corporation to a particular seller that payment will be made to the seller if the seller completes performing whatever is mentioned in the letter of credit. For the bank to make the payment on behalf of the original buyer, there should be a documentary proof that the seller has completed the transaction accurately by delivering the right product or service on time. The seller will get a guarantee from the bank that the seller will definitely pay the amount on behalf of the original buyer once the obligations are fulfilled.<\/span><\/p>\n Bank Guarantee Process- How To Get A Bank Guarantee (BG)<\/b> Our bank instruments are cash backed and can be used for Discounting, Monetization and Private Placement Programs (PPP). They also can be used as collateral against a loan or credit line to secure Funding for Projects, as well as import and export transactions because many importers and exporters are always in need of bg bank guarantee as well as contractors, export finance, international trade finance etc. Bank Instrument Description:<\/strong> These are the reasons why you should Work With Us: At Grand City Investment Limited<\/a> we value your time and get straight to the point. Some companies will talk your ear off, we believe that action speaks louder than words so we prefer to be solely focused on results. We have a large network of world class banks which gives us the unique ability to create outcomes others can\u2019t. We have been in the loan and financial instrument industry since 37 years ago. When it comes to issuance, leasing, funding and monetization <\/a>of any bank instrument<\/a> such as bank guarantee, standby letter of credit, bg sblc, getting to the finish line is all that counts and that\u2019s what we excel in at Grand City Investment Limited. We have been successfully closing deals for over 37 years, show us another company in this industry that can match our record? 12. No prepayment penalty \u00a0<\/span><\/p>\n International bank guarantee providers. Grand City Investment Limited are international bank guarantee providers that were incorporated in Hong Kong on MAY 29, 1984 with Company Registration No. 0137353 under \u00a0the \u00a0Money Lenders \u00a0Ordinance \u00a0(Chapter \u00a0163 \u00a0of \u00a0the laws of Hong Kong). We are the premier…<\/p>\n","protected":false},"author":1,"featured_media":446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[65,38,104,102,105,103,106],"class_list":["post-445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-guurantee-bg","tag-genuine-bank-instrument-providers","tag-international-bank-guarantee-providers","tag-lease-bank-guarantee-provider","tag-lease-bank-instrument-providers","tag-providers-leased-bank-guarantees","tag-real-bank-guarantee-provider","tag-real-bg-sblc-providers-worldwide"],"yoast_head":"\nAdvantages of Bank Guarantees<\/span><\/h3>\n
To the applicant:<\/span><\/h4>\n
\n
To the beneficiary:<\/span><\/h4>\n
\n
Disadvantages of Bank Guarantees<\/span><\/h3>\n
\n
Why is Bank Guarantee Important?<\/span><\/span><\/h2>\n
Adds to Creditworthiness<\/strong><\/span><\/span><\/h3>\n
Assessment of Business<\/strong><\/span><\/span><\/h3>\n
The Confidence of Performance<\/strong><\/span><\/span><\/h3>\n
Risk Reduction<\/strong><\/span><\/span><\/h3>\n
Bank Guarantee vs. Letter of Credit: What\u2019s the Difference?<\/span><\/h1>\n
<\/span><\/div>\n
\nGRAND CITY INVESTMENT LIMITED is a provider of bank guarantee at 4% leasing fee per year. We are also direct providers of business loans, international project funding, Standby Letter of Credit (SBLC), Letter of Credit (LC\/DLC), BG, SBLC, Lease BG etc.<\/span><\/p>\n
\n<\/span><\/p>\n
\n1. Bank Instrument Type: Cash Backed Bank Guarantee {BG}
\n2. Face Value: USD 1 Million (Minimum) to USD 5 Billion (Maximum)
\n3. Issuing Bank: Barclays Bank London, HSBC Hong Kong, Citibank New York, Deutsch Bank Germany or any prime bank.
\n4. Age: One Year and One Day (with rolls and extensions where applicable)
\n5. Leasing Price: 4% of Face Value plus 2% brokers commission (Applicable only if there are brokers in the transaction)
\n6. Delivery: SWIFT MT-760
\n7. Payment: MT103 Swift Wire Transfer
\n8. Hard Copy: Bank Bonded Courier within 7 banking days.<\/span><\/p>\n
\n<\/b><\/span><\/p>\n
\n<\/span><\/p>\n
\n<\/span><\/p>\nWhat drives us: We have a passion to help emerging and growing companies succeed and help investors realize their goals. So we are Driven by Passion and Integrity
\n<\/span><\/h2>\nBelow are a few of the things that make us unique and different from other companies.<\/b>
\n<\/span><\/h2>\n<\/div>\n
\n<\/span><\/div>\n
\n<\/span><\/div>\n
\n<\/span><\/div>\n
\n<\/span><\/div>\n
\n<\/span><\/div>\n
\n<\/span><\/div>\n
\n13. Fast Approvals Closing
\n<\/span><\/p>\n<\/div>\n
\n<\/span><\/div>\n
\nNOTICE TO BROKERS\/AGENTS\/COMPANY REPS:\u00a0<\/b> We value and appreciate brokers who are direct to their clients. New brokers are welcomed and compensated with between 1% to 2% commission on every deal. Here are a few of the many benefits of being a Grand City Investment broker: <\/span><\/p>\n\n