This Blog Could Save Your Company
This could be the most important blog you have ever read. Is you company in financial trouble? Are you suffering the financial effects of the Pandemic? Are your banks refusing you access to credit facilities? Yes? Then please keep reading, to discover monetising bank guarantees.
Did you know monetising Bank Guarantees and Standby Letters of Credit have been saving companies for years? If this is news to you then you are in the right place. There are a number of companies who specialise in monetisation. At the forefront is IntaCapital Swiss SA of Geneva, Switzerland.
What Bank Instruments can be Monetised
A Demand Bank Guarantee is the guarantee of choice for monetisation. It is the only bank guarantee that can be used for monetisation. The format contains precise, exact and explicit verbiage to allow for monetisation. The Demand Bank Guarantee is governed by ICC Uniform Rules for Demand Guarantees, (URDG 758). A standby letter of credit when monetised will mirror the verbiage of a demand bank guarantee. It too will be governed by ICC Uniform Rules for Demand Guarantees, (URDG 758).
Monetising Can Guarantee your Future
In order to obtain a Demand Bank Guarantee a contract must be signed with a provider. A provider is a company that leases bank guarantees for monetisation. The company acquiring the bank guarantee becomes the beneficiary.
The provider will instruct their bank to transfer the bank guarantee. The bank guarantee will be sent to the account of the beneficiary. The beneficiary can use the bank guarantee to obtain Credit Guarantee Facilities. Credit Guarantee Facilities are loans and lines of credit.
Act now. IntaCapital Swiss have a database of providers. They have been providing access to loans and lines of credit for years.
For further information on IntaCapital Swiss please go to www.intacapitalswiss.com