Our Funding Programme ranges from $5 Million to $1 Billion plus. We can provide you or your organization with Bank Guarantees, a Letter of Credit, a Standby Letter of Credit, or a Treasury Bill to any country in the world; transactions can be settled 100% within 10 business days.
There are NO UP FRONT FEES. An escrow deposit is required, but not until the borrowers bank has agreed to honour a Bank Guarantee and obtains the information they need. The escrow deposit is returned on settlement. It protects the lender from expenses relating to setting up the whole procedure, only to be told at last minute that the borrower is not going to proceed. It is returned to the borrower at the time of settlement so it is not a cost.'
We also have seasoned bank guarantees available with discounts of 80% to 84% of face value; and can supply seasoned bank guarantees in excess of $1 Billion.
Your client requires a Bank Guarantee, Stand By Letter of Credit, Letter of Credit or Treasury Bill and completes an application and agreement of understanding. Then returns it to us at email address. bankguarantee@bankmechanisms.com
We will issue Bank Guarantees to your requirements for any bank in the world.
Upon acceptance of your Bank, you will pay us the escrow deposit. ($35,000 per $100 million face value of the instrument or 50,000 Euros if it is a Commodity Transaction) The Escrow deposit is returned to the client’s bank 48 hours after issue of bank Instrument.
The charge which includes all fees is 12% of the face value of the instrument and is payable at settlement (receipt) of the financial instrument.
If your client requires a Bank Guarantee that they will own at the end of 1 year and 1 day, our charge is 17% at settlement. The additional 5% is escrowed and credited against the complete purchase price at the end of one year and one day.
The bank issuing the Bank Guarantee, Stand By Letter of Credit or Letter of Credit must agree to return the financial instrument at the end of one year unless it is renewed with us which would entail a new fee being charged. If you require a seasoned Bank Guarantee, we are able to supply also in amounts in excess of $1 billion