{"id":659,"date":"2024-10-09T21:19:39","date_gmt":"2024-10-09T21:19:39","guid":{"rendered":"https:\/\/grandcityinvestment.com\/?p=659"},"modified":"2024-12-23T05:15:32","modified_gmt":"2024-12-23T05:15:32","slug":"genuine-bank-guarantee-provider-2","status":"publish","type":"post","link":"https:\/\/grandcityinvestment.com\/se_SP\/genuine-bank-guarantee-provider-2\/","title":{"rendered":"genuine bank guarantee provider"},"content":{"rendered":"
Who is a genuine bank guarantee Provider? <\/span><\/p>\n <\/p>\n Genuine bank guarantee Provider<\/b> is a bank or financial institution that provides bank guarantees and other bank financial instruments<\/a> to its customers for specific purposes. The financial instruments such as bank guarantees and standby letters of credit can be used to obtain loans from banks, they also can be used for trade finance as well as import and export transactions.<\/span><\/p>\n \u00a0<\/span><\/p>\n Grand City Investment Limited is a genuine bank guarantee Provider<\/b> that was incorporated in Hong Kong on MAY 29, 1984 with Company Registration No. 0137353 under \u00a0the Money Lenders \u00a0Ordinance<\/a> \u00a0(Chapter \u00a0163 \u00a0of \u00a0the laws of Hong Kong). <\/span><\/p>\n As a registered Money lender in Hong Kong, we also provide loans and international project funding to our customers who are located in different parts of the world such as Asia, Africa, Europe, South America, North America, Australia and the Middle East. Our loan interest rate is 3% per year\u00a0and you can get loan financing from us without security or collateral. The loan duration is up to 20 years with a grace period up to 3 years. The best part of our loan funding arrangement is that we do\u00a0not charge any prepayment penalty. So you can repay the loan on time without penalty.\u00a0<\/span><\/p>\n Genuine bank guarantee Provider<\/p><\/div>\n<\/div>\n 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<\/a> tool for the beneficiary, as the bank assumes liability for completion of the contract should the buyer default on their debt or obligation.<\/span><\/p>\n Bank guarantees serve a key purpose for small businesses; the bank, through their due diligence<\/a> of the applicant, provides credibility to them as a viable business partner for the beneficiary of the guarantee. In essence, the bank puts its seal of approval to the applicant\u2019s creditworthiness, co-signing on behalf of the applicant as it relates to the specific contract the two external parties are undertaking. <\/p>\n A bank guarantee is for a specific amount and a predetermined period of time. It clearly states the circumstances under which the guarantee is applicable to the contract. A bank guarantee can be either financial or performance-based in nature.<\/span><\/p>\n In a financial bank guarantee<\/strong>, the bank will guarantee that the buyer will repay the debts owed to the seller. Should the buyer fail to do so, the bank will assume the financial burden itself, for a small initial fee<\/a>, which is charged from the buyer upon issuance of the guarantee.<\/span><\/p>\n For a performance-based guarantee<\/strong>, the beneficiary can seek reparations form the bank for non-performance of the obligation as laid out in the contract. Should the counterparty fail to deliver on the services as promised, the beneficiary will claim their resulting losses from non-performance to the guarantor \u2013 the bank.<\/span><\/p>\n For foreign bank guarantees<\/strong>, such as in international export situations, there may be a fourth party \u2013 a correspondent bank that operates in the country of domicile of the beneficiary.<\/span><\/p>\n <\/p>\n<\/div>\n <\/p>\n These Bank Guarantees are issued through top AAA rated banks such as Citibank New York, Chase Bank, Wells Fargo Bank, Bank of America, HSBC Hong Kong or HSBC London, Barclays bank London, Standard Chartered Bank London, Dubai or Hong Kong, UBS Switzerland, Deutsche Bank AG Germany etc. <\/span><\/p>\n We can help you to obtain financing for your business or projects, activate credit lines, issue & provide Letters of credit, BG or SBLC for you, provide loans against financial instruments, and monetize financial instruments.<\/span><\/p>\n <\/p>\n OUR SERVICES INCLUDES BUT NOT LIMITED TO THE FOLLOWING: <\/p>\n What drives us? These are the reasons why you should Work With Us: <\/b><\/span><\/p>\n At Grand City Investment Limited 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? <\/span><\/p>\n <\/p>\n 12. No prepayment penalty \u00a0<\/span><\/p>\n
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\n<\/span><\/p>\nWhat is a Bank Guarantee?<\/span><\/h2>\n
\n<\/span><\/p>\nTypes of Bank Guarantees<\/span><\/h3>\n
\n1. Bank Instrument Type: Cash Backed Bank Guarantee {BG}
\n2. Face Value: USD\/EUR 1Million (Minimum) to USD\/EUR 5 Billion (Maximum)
\n3. Issuing Bank: Barclays Bank London, HSBC Hong Kong, Citibank New York, Deutsche 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.
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\nOur bank instruments (bank guarantees and standby letters of credit) are Cash-Backed and Stand as Obligation from our Bank on behalf of our Clients for their Credit needs, Business and Project Funding. All our Bank Instruments can be used to secure Funding for Projects, Business Expansions and Private Placement Programs (PPP).
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\n<\/span><\/p>\nBelow are a few of the things that make us unique and different from other companies.<\/b>
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\n13. Fast Approvals & Closings
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\n<\/span>NOTICE 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
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